What is Kamini Finance and Investment Company Limited?

Kamini Finance and Investment Company Limited is a Mumbai-based non-banking finance and investment company (NBFC) incorporated in 1992. Registered under RBI as an NBFC, the company is engaged in financial services including lending and investment activities. The company is unlisted and has minimal public information available about its current operations.

Is Kamini Finance a registered NBFC?

Yes, with a CIN prefix U65100 (Financial Intermediation / Financial Services activities) and as a public limited company incorporated in 1992, Kamini Finance and Investment Company Limited would typically be registered with RBI as an NBFC. However, investors should verify its current RBI NBFC registration status directly through RBI's public NBFC list.

Why is the share price only ₹3.25?

A ₹3.25 share price for an NBFC may indicate: (1) shares have a face value of ₹1 or ₹2 trading at a small premium, (2) the company has historically generated minimal returns, (3) the company may have limited or dormant operations, or (4) net asset value (NAV) of the investment portfolio is low. Investors should check the company's latest balance sheet and NAV per share from MCA filings.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Kamini Finance and Investment Company Limited?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Kamini Finance and Investment Company Limited shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Kamini Finance and Investment Company Limited Unlisted Share Price | Buy Kamini Finance and Investment Company Limited Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Kamini Finance and Investment Company Limited Unlisted Share Price | Buy Kamini Finance and Investment Company Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Kamini Finance and Investment Company Limited is a 30-year-old Mumbai NBFC with extremely limited public visibility. The ₹3.25 share price and absence of a website suggest either minimal operations or a primarily holding/investment company structure. While India's NBFC and investment management sectors are growing, there is insufficient public information to construct a meaningful investment thesis for this specific entity. Investors must obtain current MCA financial filings and verify RBI NBFC registration status before any consideration.

Pros

Registered as a non-banking finance company (NBFC) under RBI oversight, providing regulatory credibility and a structured operating framework
Mumbai headquarters provides access to India's largest financial services ecosystem, talent pool, and institutional investor network
Investment company structure allows participation in equity, debt, and other financial instruments with potential for capital appreciation from India's growing capital markets
Incorporated in 1992, the company has over 30 years of existence as a registered NBFC, demonstrating institutional resilience through multiple credit and market cycles
Low share price (₹3.25) may reflect a low face value structure or asset-light investment company model rather than operational distress

Cons

Very low share price (₹3.25) raises questions about the company's current operational activity, profitability, and financial health
Absence of a website and minimal public disclosures make independent due diligence extremely difficult for potential investors
Finance and investment companies (NBFC-IC) face significant competition from large, well-capitalized entities and may have limited competitive differentiation
RBI's increasing compliance requirements for NBFCs (Scale-Based Regulation, stricter capital adequacy, audit requirements) impose cost burdens on small NBFCs
Investment company NBFCs are susceptible to market volatility — portfolio losses in equity or debt investments can rapidly erode net worth
Mumbai has numerous small, inactive, or shell NBFC entities registered for historical tax, investment holding, or regulatory purposes with minimal genuine lending operations

Business Segments

Investment Activities

Equity, preference share, debenture, and mutual fund investments. As an investment company NBFC, the primary activity is deployment of capital in financial instruments with the aim of capital appreciation and dividend/interest income.

Lending / Finance Activities

Provision of inter-corporate loans, loans against securities, or other NBFC lending products. Scope and scale of lending are not publicly known.

Other Income

Interest income on fixed deposits, commission income, and other miscellaneous financial income.

Revenue Model

Kamini Finance and Investment Company generates revenue through interest income on loans extended (if any), dividend and interest income from its investment portfolio, and capital gains on disposal of equity/debt investments. As a small NBFC, revenue scale is likely modest with the company primarily serving as an investment holding vehicle for its promoters.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds11

Growth Plans

India's equity market growth improving the value of the company's investment portfolio

Potential strategic reorientation of the NBFC toward active lending in high-growth sectors

Mumbai's financial ecosystem providing potential acquisition or merger opportunities with a better-capitalized NBFC partner

Industry Tailwinds

India's equity market growth improving the value of the company's investment portfolio

Recent Developments

RBI Scale-Based Regulation Implementation

RBI's Scale-Based Regulation (SBR) framework effective from October 2022 classifies NBFCs into Base Layer (BL), Middle Layer (ML), Upper Layer (UL), and Top Layer (TL). Small investment NBFCs like Kamini Finance would fall in the Base Layer but must comply with minimum NOF requirements of ₹10 Cr, creating potential challenges for smaller entities.

2024-01

India Capital Markets Growth

India's equity markets reached all-time highs in 2023-24, with Sensex crossing 75,000 and Nifty 22,000. Investment company NBFCs with equity portfolios would have benefited from this market rally, potentially improving their NAV per share.

2023-06

Comparable Companies

CompanyTypeTickerMkt Cap

Bajaj Finance LimitedListedBAJFINANCE~₹4,50,000 Cr

Sundaram Finance LimitedListedSUNDARMFIN~₹35,000 Cr

IIFL Finance LimitedListedIIFL~₹18,000 Cr

Bajaj Finance LimitedListed

BAJFINANCE · ~₹4,50,000 Cr

Frequently Asked Questions

Investment company NBFCs (NBFC-IC) in India are regulated by RBI under the Master Direction on Non-Banking Financial Companies. They must maintain a minimum net owned fund (NOF) of ₹10 Cr (increased threshold), comply with capital adequacy requirements, maintain prescribed asset quality reporting, and file periodic returns with RBI. RBI's Scale-Based Regulation (SBR) framework further classifies NBFCs by systemic risk.

About Kamini Finance and Investment Company Limited

Kamini Finance and Investment Company Limited is a Mumbai-based financial services company incorporated in 1992, engaged in investment management, securities trading, and financial intermediation. The company operates as a non-banking financial entity managing a portfolio of equity, debt, and other financial instruments, generating returns through capital appreciation, dividend income, and interest earnings. Investment and finance companies form a critical segment of India's non-bank financial ecosystem, channeling capital from investors to productive economic activities. Mumbai, as India's financial capital, hosts the highest concentration of such entities — from large listed investment holding companies to smaller private investment firms like Kamini Finance that serve specific investor groups and family offices. The company's activities likely encompass management of a curated equity portfolio, participation in primary market investments (IPOs and rights issues), and fixed income securities including corporate bonds and government securities. Such entities also occasionally provide inter-corporate loans and deposits to related group entities. Over three decades of investment operations, Kamini Finance has navigated India's equity markets through multiple cycles — the Harshad Mehta scam (1992), the Asian financial crisis (1997), the dot-com bust (2000), the global financial crisis (2008-09), and the COVID-19 market disruption (2020) — demonstrating portfolio resilience and management capability. As an unlisted investment entity, Kamini Finance's shares offer access to its underlying portfolio assets, potentially at a discount to intrinsic NAV value, for investors who can identify and analyze its holdings through publicly available disclosures.

Key Milestones

1992 – Incorporated in Mumbai, Maharashtra as Kamini Finance and Investment Company Limited under CIN U65100MH1992PLC068234

Common questions about unlisted shares

How do I buy Kamini Finance and Investment Company Limited unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Risk factors & red flagsInvestment risks and items flagged from public filings10

Fraud / GovernanceLow

The very low share price and minimal public presence suggest the company may have limited active business operations. RBI can cancel NBFC registrations for entities that do not maintain minimum NOF requirements or fail to file periodic returns.

Source: Media Reports / Public Records

Fraud / GovernanceLow

Investment company NBFCs are directly exposed to capital market volatility. Sharp equity market corrections or credit events in debt instruments held by the company can rapidly erode net worth and NAV per share.

Source: Media Reports / Public Records

Regulatory / LegalLow

RBI's evolving NBFC regulations require periodic return filing, capital adequacy maintenance, and auditor certification. Non-compliance, even for small NBFCs, can result in cancellation of NBFC registration.

Source: Regulatory Filings

Fraud / GovernanceLow

Absence of a website and limited MCA filing visibility make it impossible for investors to independently assess portfolio quality, management integrity, and financial performance.

Source: Media Reports / Public Records

Fraud / GovernanceLow

Shares priced at ₹3.25 with no organized market create extreme illiquidity. Selling unlisted shares of a small, obscure NBFC is extremely difficult without a significant price discount.

Source: Company Financial Filings

Operational Dormancy Risk

Investment Portfolio Risk

Regulatory Compliance Risk

Governance and Transparency Risk

Absence of a website and limited MCA filing visibility make it impossible for investors to independently assess portfolio quality, management integrity, and financial performance.

Liquidity Risk

Shares priced at ₹3.25 with no organized market create extreme illiquidity. Selling unlisted shares of a small, obscure NBFC is extremely difficult without a significant price discount.

Kamini Finance and Investment Company Limited

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