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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
New Commercial Investment And Trading Co Ltd is an 80-year-old, Kolhapur-based family investment company managed by the Kapadia family. Without an ISIN or public website, investor visibility is extremely limited. The company's value rests entirely on its opaque investment portfolio, and the investment case is primarily suited for investors with direct knowledge of the Kapadia group's underlying holdings.
Pros
Cons
Business Segments
Investment Holdings
Holding and managing investments in equity shares, debentures, and other financial instruments of group and external companies
Trading Activities
Trading in goods, commodities, or financial instruments as permitted under the company's objects
Revenue Model
New Commercial Investment And Trading Co Ltd generates income through dividends from investee companies, interest on inter-corporate loans, capital gains from investment activities, and trading margins. As a closely held family entity, income is largely reinvested within the group structure.
Detailed Analysis
Growth Plans
Value unlocking if underlying investee companies pursue IPOs or strategic transactions
Potential corporate restructuring or merger with group entities that could trigger price discovery
Increased dividends or buybacks driven by strong performance of investee portfolio
Industry Tailwinds
Value unlocking if underlying investee companies pursue IPOs or strategic transactions
Recent Developments
Shares of New Commercial Investment And Trading Co Ltd are available in the Indian unlisted share market at approximately ₹100 per share.
Comparable Companies
TATAINVEST · ~₹32,000 Cr
BAJAJHLDNG · ~₹90,000 Cr
Frequently Asked Questions
About New Commercial Investment and Trading Co
New Commercial Investment And Trading Co Ltd is a legacy investment and trading company incorporated on February 15, 1943 in Maharashtra -- making it over 82 years old. With CIN U67120MH1943PLC003840, the company is registered with the Registrar of Companies, Maharashtra, and classified under financial services including investment activities. The company's registered address is at the factory premises of Polson Ltd, Ambaghat Vishalgad, Kolhapur, Maharashtra 415101, reflecting its historical connection to the Polson dairy and food products group which was a significant industrial enterprise in colonial-era Maharashtra. New Commercial Investment and Trading Co Ltd appears to be an investment holding vehicle associated with the legacy Polson group. With an authorised share capital of INR 1.25 crore and paid-up capital of INR 25 lakhs, it operates as a small investment company. The company has filed its annual returns and financial statements up to March 31, 2021 and has three directors associated with its operations. Like many legacy investment companies formed during the colonial and early post-independence era, New Commercial Investment and Trading is likely engaged in holding investments in other companies, managing legacy assets, and conducting limited trading activities. The Polson connection places this company within the broader history of Maharashtra's early industrial development, particularly in the dairy, food, and consumer products sectors. The company represents a window into India's pre-independence corporate history, with continuity through multiple decades of Indian economic transformation.
Key Milestones
1943: Incorporated in Maharashtra under CIN U67120MH1943PLC003840 during the pre-independence era
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.
Potential corporate restructuring or merger with group entities that could trigger price discovery
Increased dividends or buybacks driven by strong performance of investee portfolio
Industry Headwinds
No clear public catalyst for NAV unlocking or share price appreciation
Potential regulatory scrutiny if classified as a systematically important NBFC
Succession planning risks in a family-controlled entity
Very small paid-up capital of INR 25 lakhs indicates limited operational scale
Source: Media Reports / Public Records
Financial data available only to FY2021 suggesting limited recent reporting visibility
Source: Media Reports / Public Records
No publicly available website or online presence
Source: AlphaHub Research
Absence of ISIN, public website, and limited MCA disclosures severely restrict investor ability to conduct independent due diligence
Investment portfolio likely concentrated in family group entities; poor performance of any major investee company directly impacts returns
Closely held family company with limited minority shareholder protections; risk of related-party transactions that may not be arm's length
Unlisted shares are highly illiquid; exit requires finding a willing buyer through unlisted share intermediaries at uncertain valuations
Investment companies may be subject to RBI regulations if classified as NBFCs; non-compliance with registration requirements creates regulatory risk
Established as a family investment vehicle under the Kapadia family of Kolhapur, Maharashtra
Survived and operated through India's post-independence economic transitions including licence raj, liberalisation, and the modern regulatory era
Remains a closely held unlisted entity managed by the Kapadia family
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