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

52-Week Range
Valuation
Financials (FY2024)
Investment Thesis
New India Retailing And Investment Limited is a 90-year-old Kolkata-based company combining fashion retail and investment activities. With a designer store presence in Kolkata and an investment portfolio, it represents a niche hybrid enterprise from Bengal's long commercial history. Given limited public disclosures, investors should verify financials and shareholding through MCA filings and the company's website at niril.in before any investment consideration.
Pros
Cons
Business Segments
Fashion Retail
Operating a designer store in Kolkata selling garments, fashion accessories, and apparel to retail consumers
Investment Activities
Managing a portfolio of financial investments, generating returns through dividends, interest, and capital appreciation
Revenue Model
New India Retailing And Investment Limited generates revenue from retail sales of designer garments and fashion products at its Kolkata store, supplemented by income from its investment portfolio. The retail segment is driven by consumer footfall and seasonal demand, while investment income provides a more stable income base.
Detailed Analysis
Growth Plans
Kolkata's premium retail market expanding with rising middle-class incomes and aspiration for designer brands
Potential to leverage its heritage brand for premium positioning in Kolkata's competitive retail landscape
Investment portfolio appreciation driven by India's equity market performance
Industry Tailwinds
Kolkata's premium retail market expanding with rising middle-class incomes and aspiration for designer brands
Recent Developments
Shares of New India Retailing And Investment Limited are available in the Indian unlisted share market at approximately ₹88 per share.
Comparable Companies
SHOPERSTOP · ~₹3,500 Cr
Frequently Asked Questions
About New India Retailing and Investment (NIRIL)
New India Retailing And Investment Limited (NIRIL) is a distinguished heritage company incorporated on May 4, 1933, making it over 91 years old. Registered with the Registrar of Companies in Kolkata with CIN L15421WB1933PLC023070, NIRIL is a member of the K.K. Birla Group of Companies -- one of India's most storied industrial dynasties. The K.K. Birla group, part of the broader Birla business empire, encompasses interests across media, real estate, retailing, and financial services. NIRIL specialises in retailing operations with a focus on fashion apparel products distributed through physical stores. As a K.K. Birla Group company, NIRIL benefits from the group's substantial financial strength, institutional relationships, and long-standing brand equity in India's business landscape. The company has 11,623,960 outstanding shares with a paid-up capital of INR 11.62 crore and an authorised share capital of INR 25 crore. Despite being an unlisted company, NIRIL's shares trade in the secondary unlisted market, attracting investors interested in indirect exposure to the Birla group ecosystem. NIRIL's retailing operations in fashion apparel position it within one of India's fastest-growing consumption sectors. India's fashion and apparel retail market has witnessed rapid transformation over the past decade, driven by rising disposable incomes, urbanisation, and changing consumer preferences toward organised retail formats. NIRIL's 91-year heritage, Birla Group parentage, and focus on fashion retailing create a unique investment profile combining legacy brand value with contemporary consumption trends.
Key Milestones
1933: Incorporated in West Bengal under CIN L15421WB1933PLC023070, during the British colonial 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
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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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Potential to leverage its heritage brand for premium positioning in Kolkata's competitive retail landscape
Investment portfolio appreciation driven by India's equity market performance
Industry Headwinds
Continued shift of consumer fashion spend to e-commerce platforms undermining physical store traffic
Competition from established national retail chains with deeper pockets and wider product ranges
Limited ability to scale a single-store model without significant capital investment
Limited public financial disclosure as unlisted entity
Source: Media Reports / Public Records
Fashion retail is highly competitive with thin margins
Source: Company Financial Filings
91-year-old company may face challenges adapting to digital retail era
Source: AlphaHub Research
Fashion retail in Kolkata faces intense competition from national chains (Shoppers Stop, Lifestyle, Reliance Trends) and global fast fashion brands (Zara, H&M), which have strong brand recognition and pricing power
Designer fashion retail is a discretionary spend category — economic downturns, reduced consumer confidence, or shifts in fashion preferences can directly impact sales
Single-store operations lack the scale benefits of multi-city retail chains in terms of procurement, marketing, and cost efficiency
Growth of online fashion platforms (Myntra, Nykaa Fashion, AJIO) is diverting consumer spending from physical retail stores
The investment portfolio's performance is subject to market risks; losses on investments could offset retail operating profits
TRENT · ~₹1,90,000 Cr
V2RETAIL · ~₹1,500 Cr
Established as a retail and investment enterprise in Kolkata, then the commercial capital of British India
Survived post-independence economic transitions and developed a niche in Kolkata's fashion retail segment
Operates a designer store as its primary retail presence in Kolkata
Maintains investment activities alongside retail, reflecting the hybrid heritage of many old Kolkata commercial enterprises