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

Valuation
Financials (FY2024)
Investment Thesis
Kirti Investments Limited is a small, long-established manufacturer of glass and mirror products based in Mumbai. With over 50 years of history, it has maintained operations in a niche segment. However, its investment appeal is limited by lack of public information, low price near face value, and fierce competition from large organised glass manufacturers.
Pros
Cons
Business Segments
Glass Manufacturing
Manufacturing and distribution of float glass, mirrors, and glass products used in construction, furniture, and interior decoration.
Distribution & Trading
Distribution of glass and mirror products to retail and wholesale channels across western India.
Revenue Model
Kirti Investments Limited generates revenue through manufacturing glass and mirror products and selling them through wholesale and retail distribution channels. Revenue is driven by demand from real estate construction, interior design, and renovation activities. The company may also earn investment income given its name.
Detailed Analysis
Growth Plans
India's real estate and infrastructure boom driving demand for flat glass and mirrors
Smart city and affordable housing projects increasing construction activity
Potential to scale distribution network leveraging Mumbai's logistics infrastructure
Industry Tailwinds
India's real estate and infrastructure boom driving demand for flat glass and mirrors
Recent Developments
No press releases, news coverage, or regulatory announcements found for this company in the public domain.
Comparable Companies
ASAHIINDIA · ~₹7,000 Cr
Frequently Asked Questions
About Kirti Investments Limited
Kirti Investments Limited is a Mumbai-based manufacturer and distributor of glass and mirror products, incorporated on 13 October 1974 under CIN L99999MH1974PLC017826, registered with the Registrar of Companies, Mumbai. With over 50 years of operations, the company is headquartered at 202, 2nd Floor, A-Wing, Building No. 3, Sir M.V. Road, Rahul Mittal Industrial Estate, Andheri East, Mumbai 400059, operating as a listed public limited company. Despite its name suggesting a pure investment holding company, Kirti Investments is principally engaged in the manufacturing and distribution of glass and mirror products — a segment serving construction, architecture, interior design, and furniture industries. The Andheri East industrial estate location places the company within Mumbai's key manufacturing corridor with access to western India's construction and real estate supply chains. Glass and mirror manufacturing is a capital-intensive, technically demanding business requiring precision cutting, polishing, and coating capabilities. The market for architectural and decorative glass in India has grown substantially alongside the real estate boom, with demand for processed glass, toughened glass, mirrors, and specialty glass products expanding rapidly in commercial and residential construction. The company is associated with Ravi Vimal Nevatia as a key director, reflecting the promoter-driven governance structure characteristic of Indian mid-market manufacturers. With 50 years of operating history, Kirti Investments has navigated multiple business cycles in India's glass and construction sectors.
Key Milestones
1974 — Incorporated as a public limited company in Maharashtra
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You enquire
Takes 2 minutes
We source & quote
Typically within 1 business day
You accept the allocation
Quote valid for 3 days
You transfer the funds
Pay within 2 days of accepting
Shares reach your demat
Usually credited within 2–3 business days
Unlisted shares are illiquid and carry higher risk. Pricing is indicative, not live, and these are private off-market transactions with no exchange settlement guarantee. Read the full risk disclosure.
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Smart city and affordable housing projects increasing construction activity
Potential to scale distribution network leveraging Mumbai's logistics infrastructure
Industry Headwinds
Competition from large, well-capitalised glass manufacturers with economies of scale
Rising energy costs impacting glass manufacturing margins
Lack of access to public capital markets for expansion financing
Competes with large organised players like Saint-Gobain, Asahi India Glass (AIS), and Gujarat Guardian in the glass manufacturing sector
Source: Media Reports / Public Records
Glass manufacturing is energy-intensive; rising energy and silica sand costs can compress margins
Source: Company Financial Filings
Small scale of operations limits bargaining power with suppliers and customers
Source: AlphaHub Research
Limited financial disclosures in the public domain make it difficult to assess financial health
Source: Media Reports / Public Records
Competes with large organised players like Saint-Gobain, Asahi India Glass (AIS), and Gujarat Guardian in the glass manufacturing sector
Glass manufacturing is energy-intensive; rising energy and silica sand costs can compress margins
Small scale of operations limits bargaining power with suppliers and customers
Limited financial disclosures in the public domain make it difficult to assess financial health
GUJBOROSIL · ~₹1,200 Cr
BORORENEW · ~₹2,500 Cr
Established manufacturing operations for glass and mirror products in Mumbai region
Operated continuously for over 50 years as a niche manufacturer in the glass sector