What does Quality Synthetics Industries Ltd. do?

Quality Synthetics Industries Ltd. is a Kolkata-based public limited company incorporated in 1975. Despite its name suggesting a textiles/synthetics background, it is currently classified under Financial Services — Financial Intermediation & Holdings, suggesting the company may have transitioned from manufacturing to holding and financial intermediation activities over time.

Is Quality Synthetics Industries listed on a stock exchange?

The company is described as a listed public company incorporated in 1975 in Kolkata. It may be listed on the Calcutta Stock Exchange (CSE) or other regional exchanges, though it appears to have limited trading activity given the face-value-level share price.

Why does a 'Synthetics' company appear in Financial Services?

Many older Indian manufacturing companies, particularly from the 1970s-1980s textile and synthetics era, became dormant in their original business and were reclassified as holding companies or financial intermediaries. Quality Synthetics Industries appears to follow this pattern, having shifted focus from synthetics manufacturing to financial intermediation.

What is the share price of Quality Synthetics Industries?

The current indicative price is ₹10 per share, which corresponds to the typical face value, indicating minimal market premium and very thin trading volumes.

How do I buy Quality Synthetics Industries unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Quality Synthetics Industries?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Quality Synthetics Industries shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Quality Synthetics Industries Unlisted Share Price | Buy Quality Synthetics Industries Pre-IPO Shares — wisefolio

Investment Thesis

Quality Synthetics Industries Ltd. is a 50-year-old Kolkata public limited company that has transitioned from its original synthetics manufacturing business to financial intermediation. With a face-value share price, no public website, and minimal disclosures, it appears to be a low-activity entity with limited near-term investment appeal.

Pros

MSEI listed (QSIL:IN); ISIN INE062F01011; L-prefix CIN; 50+ years since 1975; Netaji Subhas Road, Kolkata 700001 — prime Dalhousie CBD address; market cap ₹97 Cr (Apr 2023).
Dual revenue streams: credit granting (NBFC/financial services) + real estate financing; total income ₹22.09 Cr (latest quarter data).
Authorized ₹5.55 Cr; paid-up ₹5.50 Cr — near-fully subscribed; Sureka family management group.

Cons

Revenue (gross sales) ₹4.45 Cr; MSEI listing has near-zero secondary market liquidity.
Changed core business from synthetics/textiles to credit granting — legacy name creates confusion about actual business.
Balance sheet filings may be irregular for small Kolkata MSEI companies; limited analyst coverage.
Credit granting + real estate finance — both sectors with regulatory tightening; NBFC/RBI compliance overhead.

Business Segments

Credit Granting / Financial Services

Other credit granting — loans by non-monetary intermediation institutions; consumer credit, real estate financing, long-term finance to industry; MSEI listed NBFC-type operations; Kolkata.

Real Estate Finance

Real estate financing and land purchase facilitation; secondary business alongside core credit granting operations.

Revenue Model

Revenue is likely derived from financial intermediation, investment income, dividends from holdings, and potentially residual income from legacy manufacturing or trading activities. Given its reclassification, the company may primarily hold financial assets.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds6

Growth Plans

Potential asset monetization or restructuring of legacy assets

If holding valuable financial investments, could benefit from capital market upturns

Industry Tailwinds

Potential asset monetization or restructuring of legacy assets

If holding valuable financial investments, could benefit from capital market upturns

Recent Developments

Last balance sheet filed with MCA

Quality Synthetics Industries filed its balance sheet for the financial year ending March 2021 with the Ministry of Corporate Affairs. No subsequent filings have been noted publicly.

March 2021

Comparable Companies

CompanyTypeTickerMkt Cap

Sundaram Finance HoldingsListed financial holding company with investment activities across multiple financial services entitiesListed (NSE: SUNDFH)——

Bajaj Holdings & InvestmentLarge Indian financial holding company with diversified investment portfolioListed (NSE: BAJAJHLDNG)——

Sundaram Finance HoldingsListed (NSE: SUNDFH)

Listed financial holding company with investment activities across multiple financial services entities

Bajaj Holdings & Investment

Frequently Asked Questions

About Quality Synthetics Industries

Quality Synthetics Industries Ltd. is a Kolkata-based public limited company incorporated in 1975, registered under CIN L65929WB1975PLC029956. Despite its name suggesting a manufacturing background, the company is classified under the NIC code for 'Other financial intermediation' — indicating it has evolved into a financial holding or investment company over the decades. This transformation is common among older Indian industrial companies that pivoted to financial services as their original manufacturing operations became unviable. The company's registered address is at Anand Jyoti Building, Room No. 107, 1st Floor, 41 Netaji Subhas Road, Kolkata, West Bengal — 700001, which is in the central business district of Kolkata. The authorised share capital stands at Rs. 5.55 crore and paid-up capital at Rs. 5.50 crore, suggesting a relatively modest capital base typical of legacy financial holding companies. The company's board consists of three directors: Navneet Kumar Sureka, Sujata Kumar, and Vinayak Sureka. The Sureka family appears to be the controlling promoter group — a pattern common among Kolkata-based Marwari business families that historically built industrial empires and later transitioned to financial activities. The company's last balance sheet was filed on 31 March 2021, suggesting limited recent public disclosures. The financial intermediation sector in India encompasses companies that act as intermediaries between savers and borrowers, including investment holding companies, financial guarantors, and other non-banking financial activities. Quality Synthetics Industries appears to operate in this capacity, managing investments and financial assets on behalf of promoter interests. Given the outdated balance sheet filings, investors should exercise caution and conduct thorough due diligence before considering any stake in this company.

Key Milestones

Incorporated December 5, 1975 in West Bengal (CIN: L65929WB1975PLC029956) — 50+ years old

Common questions about unlisted shares

How do I buy Quality Synthetics Industries unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

Quality Synthetics Industries Ltd.

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