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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
Priya International Limited is a 1983-vintage Mumbai company operating in software services and signage from its Andheri East base. The company's four-decade history reflects operational resilience, but the absence of a public website, ISIN, and the slightly below-face-value share price mean investors have limited visibility into its current financial and business health. India's positive technology sector outlook and growing OOH advertising market provide macro tailwinds, but thorough due diligence through MCA filings under CIN L99999MH1983PLC086840 is essential before any investment consideration.
Pros
Cons
Business Segments
Chemicals / Dyestuffs Distribution
Distribution, export, and trading of chemicals, dyestuffs, pharmaceuticals, and allied products; domestic and international markets since 1976.
IT Products (Hardware & Software)
Distribution of IT hardware components and software titles; diversified into IT since 1984-85.
Revenue Model
Priya International Limited generates revenue through service fees from software development and IT services contracts, and through project-based revenue from signage design, manufacture, and installation. The combination of recurring IT service revenue and project-based signage revenue creates a mixed income stream profile.
Detailed Analysis
Growth Plans
India's MSME digitalisation wave creating demand for affordable software services companies
Growing digital signage market in India with retail, transportation, and corporate adoption
Andheri East's position as Mumbai's technology hub providing access to enterprise clients
Potential modernisation of legacy software offerings to capitalise on cloud and AI adoption trends
Industry Tailwinds
Recent Developments
India's MSME sector continued its digital adoption journey with government-backed schemes like ONDC and Digital India driving demand for affordable software services from small IT companies like Priya International.
2024-07India's out-of-home (OOH) advertising market grew with increasing digital signage adoption in retail, airports, and corporate environments, providing a positive tailwind for companies in the signage business.
2023-09Comparable Companies
TANLA · ~8,000 Cr
Frequently Asked Questions
About Priya International
Priya International Limited is a Mumbai-based public limited company incorporated on 5 May 1983, making it one of the older registered companies in Maharashtra. The company is registered at the Registrar of Companies, Mumbai, with its registered office at 501, 5th Floor, Kimatrai Building, 77/79, Maharshi Karve Marg, Marine Lines (East), Mumbai, Maharashtra - 400002. With a long four-decade operating history, Priya International Limited has been engaged in activities spanning software services and the manufacture of signages and labels for various industries. The company serves corporate clients with identification, branding, and IT services, leveraging its central Mumbai location near Marine Lines — a prominent business district — to access a broad corporate client base. The company's authorized share capital is Rs. 1 crore with a paid-up capital of Rs. 99.6 lakh, indicating a relatively small-scale operation. The current board of directors comprises Manisha Gaurav Kudtarkar, Aditya Bhuwania, Arunkumar Bhuwania, and Anuj Amarnath Bhargava — suggesting continued family or close-network management. The last balance sheet was filed for the fiscal year ending 31 March 2023, indicating recent compliance activity. The company is listed on the Metropolitan Stock Exchange (MSEI), providing some degree of regulatory oversight despite its small scale. Priya International represents the category of long-established small-cap Mumbai companies that have continued operating across multiple business cycles, maintaining regulatory compliance while serving niche markets. Its marine lines location and broad service scope make it a participant in Mumbai's diverse SME ecosystem.
Key Milestones
Priya Group founded 1976; Priya International Limited incorporated December 5, 1983 (CIN: L99999MH1983PLC086840)
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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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India's MSME digitalisation wave creating demand for affordable software services companies
Growing digital signage market in India with retail, transportation, and corporate adoption
Andheri East's position as Mumbai's technology hub providing access to enterprise clients
Potential modernisation of legacy software offerings to capitalise on cloud and AI adoption trends
Industry Headwinds
Intense competition in both software services and signage from larger, better-capitalised players
Technology obsolescence risk if legacy software capabilities are not continuously updated
Sub-face-value share price potentially indicating financial challenges
Very small capitalization (paid-up Rs. 99.6 lakh) limits investment scale
Source: AlphaHub Research
Limited public financial disclosure despite MSEI listing
Source: Media Reports / Public Records
No credit rating from recognized agencies
Source: Media Reports / Public Records
Software services segment faces intense competition from large IT companies, offshore development centres, and a vast SME IT services ecosystem. Signage faces competition from established visual communication companies.
No public website or ISIN makes it extremely difficult for investors to assess the company's financial performance, client base, and operational health.
Software companies that do not continuously invest in technology capabilities risk becoming obsolete as client requirements evolve toward cloud, AI, and mobile-first solutions.
As a small unlisted company with a sub-face-value share price, the company may lack the scale to win large enterprise software contracts or large signage projects.
Unlisted status and below-face-value share price indicate limited secondary market activity, making investor exits difficult.
LAQSHYA · ~500 Cr
ROOPTELE · ~50 Cr
Diversified into IT hardware/software distribution in 1984-85; chemicals, dyestuffs, pharma exports internationally
Bhuwania family promoters (75% holding FY22); authorized capital; Andheri East, Mumbai
Registered at S6-2, 6th Floor, Mahakali Caves Road, Next to Ahura Centre, Andheri East, Mumbai 400093