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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 (FY2022-23)
Investment Thesis
Maryada Commercial Enterprises and Investment Co. Ltd is a near-dormant NBFC. Revenue ₹0.464 Cr (FY23); -47.98% decline; net worth ₹8.53 Cr. MSEI listed (MARYADA:IN). Promoter holding only 4.82%. Authorized ₹1.50 Cr, paid-up ₹1.25 Cr. Minimal operations after 43 years.
Pros
Cons
Business Segments
Investment & NBFC Finance
Investment, finance, and NBFC lending activities (NIC 65993); RBI-registered NBFC; loan and investment portfolio management.
Revenue Model
The company generates revenue primarily through returns on its investment portfolio (dividends, interest, and capital gains) and income from NBFC lending activities. As a registered NBFC, it may also earn fee-based income from financial intermediation services. The overall revenue scale remains small given its unlisted and non-prominent market presence.
Detailed Analysis
Growth Plans
India's ongoing financial inclusion drive creating new lending opportunities for NBFCs
Potential listing or increased market activity improving liquidity and visibility
Expansion of investment portfolio leveraging India's long-term economic growth
Industry Tailwinds
India's ongoing financial inclusion drive creating new lending opportunities for NBFCs
Recent Developments
The company continues to maintain its RBI NBFC registration and carry out investment and finance activities as per its stated business objective.
2024-01Comparable Companies
BAJFINANCE · ₹4,50,000 Cr (listed)
Frequently Asked Questions
About Maryada Commercial Enterprises
Maryada Commercial Enterprises and Investment Co. Ltd is an Indian investment and trading company engaged in commercial enterprises and financial investment activities. The company operates as a non-banking financial entity focused on investment holdings and commercial trading operations. As an investment company, Maryada Commercial primarily holds financial assets, makes equity investments, and may engage in trading of goods or commodities as part of its commercial enterprise activities. Such companies in India typically serve as holding vehicles for promoter groups or as investment intermediaries. The company operates in a segment of the Indian financial services landscape occupied by numerous small investment holding companies registered under the Companies Act. These entities often have limited external visibility and do not file detailed public financial disclosures beyond mandatory MCA requirements. Given limited public data available for this entity, specific revenue figures, employee counts, and detailed operational metrics are not available in public databases. The company appears to be a smaller commercial and investment entity without a significant public footprint.
Key Milestones
Incorporated May 25, 1982 in Delhi (CIN: L65993DL1982PLC013738) — 43+ years old
MSEI listed (Bloomberg: MARYADA:IN); RBI-registered NBFC; website: maryadainvestment.in
Common questions about unlisted shares
You buy from and sell to the wisefolio desk — shares route through the desk's demat, money-in before shares-out.
You enquire
· Takes 2 minutesTell us the company and quantity you want. Share your demat details so we can settle directly into your account.
We source & quote
· Typically within 1 business dayOur desk sources the shares and comes back with a firm price and an allocation for the quantity available.
You accept the allocation
· Quote valid for 3 daysReview the price, quantity and total. Accept to lock the allocation. The quote is valid for a short window before it needs re-pricing.
You transfer the funds
· Pay within 2 days of acceptingPay by direct bank transfer to the desk's published account — never to a personal account. We confirm receipt and begin the transfer.
Shares reach your demat
· Usually credited within 2–3 business daysOnce payment is verified, the shares are transferred from the desk's demat into yours, and you receive a transfer confirmation.
A principal desk for unlisted & pre-IPO shares — you transact with us, not a stranger.
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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Potential listing or increased market activity improving liquidity and visibility
Expansion of investment portfolio leveraging India's long-term economic growth
Industry Headwinds
RBI regulatory tightening further constraining small NBFC operations
Competition from larger, better-capitalised NBFCs and fintech lenders
Continued lack of transparency limiting investor confidence
RBI has progressively tightened NBFC norms including scale-based regulation (SBR), asset classification, and provisioning requirements that could increase compliance burden.
Source: Media Reports / Public Records
Small NBFCs without access to public deposits or capital markets face asset-liability mismatches during credit stress cycles.
Source: AlphaHub Research
Absence of publicly available financial statements or disclosures makes independent risk assessment difficult for potential investors.
Source: AlphaHub Research
Investment income is exposed to equity market volatility, interest rate fluctuations, and credit default risk in the borrower portfolio.
Source: Media Reports / Public Records
RBI has progressively tightened NBFC norms including scale-based regulation (SBR), asset classification, and provisioning requirements that could increase compliance burden.
Small NBFCs without access to public deposits or capital markets face asset-liability mismatches during credit stress cycles.
Absence of publicly available financial statements or disclosures makes independent risk assessment difficult for potential investors.
Investment income is exposed to equity market volatility, interest rate fluctuations, and credit default risk in the borrower portfolio.
MUTHOOTFIN · ₹75,000 Cr (listed)
MANAPPURAM · ₹18,000 Cr (listed)
Revenue ₹0.464 Cr (FY23); net worth ₹8.53 Cr; promoter holding 4.82%; authorized ₹1.50 Cr, paid-up ₹1.25 Cr

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