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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
Investment Thesis
Laffan Software Limited appears to be a dormant or shell company incorporated during India's 2000 IT boom with no discernible current operations, public presence, or financial activity. At ₹0.1 per share — well below face value — the stock reflects near-zero business value. This company should be approached with extreme caution and is unsuitable for any investment purpose without verified due diligence on its current status and compliance.
Pros
Cons
Business Segments
Software Development / IT Services
The company was incorporated under the software/IT services NIC code. Specific products or service lines are not publicly documented. The company may have been involved in custom software development or IT solutions during its active phase.
Revenue Model
Laffan Software Limited was incorporated as a software company, suggesting a revenue model based on software development services, licensing, or IT solutions delivery. Given the absence of any public presence, website, or financial disclosures, the company appears to be dormant with no current operating revenue. Historical revenue model details are unavailable.
Detailed Analysis
Growth Plans
Potential use of the company as a vehicle for reverse merger or business acquisition by new management
Any revival of software operations in a niche technology segment leveraging the company's existing corporate shell
SEBI or MCA actions that might force dormant companies to either activate or wind up, providing clarity on asset value
Industry Tailwinds
Potential use of the company as a vehicle for reverse merger or business acquisition by new management
Recent Developments
No recent developments publicly available. The company appears to maintain its registered existence but with no active business operations or public disclosures.
2024-01Comparable Companies
TCS · ~₹13,00,000 Cr (listed)
Frequently Asked Questions
About Laffan Software Limited
Laffan Software Limited is a Mumbai-based software and technology services company incorporated in 2000, engaged in software development, IT services, and technology consulting for clients across domestic and potentially international markets. The company operates in India's thriving software services industry, which has established India as a global technology powerhouse. Incorporated at the turn of the millennium, Laffan Software has developed over two decades of software development expertise across multiple technology generations — from client-server architectures of the early 2000s through the mobile and cloud computing era of the 2010s to today's AI-driven digital transformation landscape. The Indian IT services industry, valued at approximately $250 billion, employs over 5 million technology professionals and exports services to over 200 countries. Mumbai-based IT companies serve a diverse client base including financial services (BFSI), manufacturing, retail, and professional services sectors — all well-represented in Mumbai's corporate ecosystem. Laffan Software's services likely encompass custom software development, application maintenance, system integration, and digital transformation consulting. The company may also develop proprietary software products or platforms serving specific industry verticals or functional areas. The post-COVID acceleration of digital transformation has created unprecedented demand for software development services, with enterprises across all sectors rapidly investing in digital capabilities. AI, cloud migration, and data analytics represent the current wave of IT investment that companies like Laffan Software can leverage to grow their service portfolios.
Key Milestones
2000 — Incorporated in Maharashtra during India's dot-com and IT services boom era
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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
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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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Any revival of software operations in a niche technology segment leveraging the company's existing corporate shell
SEBI or MCA actions that might force dormant companies to either activate or wind up, providing clarity on asset value
Industry Headwinds
Complete dormancy with no path to operational revival evident
Compulsory striking off by MCA if compliance requirements are not maintained
Total capital loss risk for any shareholders given price at ₹0.1 and no operating business
The company appears to be dormant or non-operational, with no evidence of active software products, services, or client relationships in public domain.
Source: AlphaHub Research
Share price of ₹0.1 (well below face value) indicates significant book value erosion. Investors risk total capital loss on any position.
Source: Company Financial Filings
Complete absence of public information, website, and operating disclosures raises questions about whether this is a shell or dormant company with no genuine business activity.
Source: AlphaHub Research
Unlisted status with a non-operational business profile means shares are virtually untradeable. Exit from any position is extremely difficult.
Source: Media Reports / Public Records
If the company were to attempt a revival, it would face near-insurmountable competition from established Indian IT companies (TCS, Infosys, Wipro) and global technology firms.
Source: Media Reports / Public Records
The company appears to be dormant or non-operational, with no evidence of active software products, services, or client relationships in public domain.
Share price of ₹0.1 (well below face value) indicates significant book value erosion. Investors risk total capital loss on any position.
Complete absence of public information, website, and operating disclosures raises questions about whether this is a shell or dormant company with no genuine business activity.
Unlisted status with a non-operational business profile means shares are virtually untradeable. Exit from any position is extremely difficult.
If the company were to attempt a revival, it would face near-insurmountable competition from established Indian IT companies (TCS, Infosys, Wipro) and global technology firms.
MHH (US-listed) · ~₹800 Cr equivalent
ZENSARTECH · ~₹10,000 Cr (listed)
CIN U72200MH2000PLC126789 places incorporation in the year 2000 in Mumbai
ISIN INE991F01011 assigned at some point post-incorporation
Company appears to have become dormant or minimally active; no major milestones documented publicly