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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
Rajlaxmi Industries Limited is a near-dormant Bhiwandi cloth/fabric trading company. No revenues generated despite ₹31 Cr paid-up capital and 40+ years of existence; 5 employees (Sep 2024). MSEI listed (RAJLXIN). Registered at Gayatri Complex, Val Village, Bhiwandi, Thane 421302. CIN: L51900MH1985PLC035703. Incorporated March 21, 1985.
Pros
Cons
Business Segments
Cloth & Fabric Trading
Trading of cloth, fabrics, readymade garments, and sarees; Bhiwandi, Thane, Maharashtra — India's largest fabric wholesale hub; no active revenues reported.
Revenue Model
Revenue generated through wholesale trading and distribution activities, buying and selling goods to business customers.
Detailed Analysis
Growth Plans
Potential value unlocking through asset monetization or restructuring given its 40-year corporate existence
Industry Tailwinds
Potential value unlocking through asset monetization or restructuring given its 40-year corporate existence
Industry Headwinds
Continued marginalization in wholesale trade as organized players and e-commerce capture market share
Recent Developments
Rajlaxmi Industries Limited's last balance sheet was filed on 31 March 2017 with the Ministry of Corporate Affairs. No subsequent public filings are available.
2017Comparable Companies
Listed diversified industrial conglomerate with wholesale and distribution operations
Frequently Asked Questions
About Rajlaxmi Industries
Rajlaxmi Industries Limited is a Mumbai-based public limited company incorporated on 21 March 1985, registered under CIN L51900MH1985PLC035703 with the Registrar of Companies, Mumbai. The company is classified under NIC code for 'Other Wholesale' — indicating it engages in wholesale trade across multiple product categories, without specialization in any single commodity. This positions it as a general trading and distribution entity. With an authorized share capital and paid-up capital both at Rs. 31 crore, Rajlaxmi Industries has a substantial capital base for a wholesale trading company. The matching authorized and paid-up capital suggests the company has fully deployed its authorized capital through equity issuance. The company's registered address is in South Mumbai, which is historically the hub of India's wholesale trading community. Mumbai-based wholesale traders typically operate across multiple sectors including textiles, chemicals, metals, and consumer goods, leveraging the city's port access and financial ecosystem. The company's directors include Rahul Jagnani, Sonam Sharma, and Dharamnath Singh, who appear to be the current controlling management team. The balance sheet was last filed on 31 March 2017, indicating limited recent public disclosures — a concern for transparency-focused investors. India's wholesale trade sector plays a crucial intermediary role connecting manufacturers with retailers and institutional buyers. With the GST regime implemented in 2017 and e-commerce disruption reshaping traditional wholesale channels, companies like Rajlaxmi Industries face both challenges and opportunities in adapting their business models. The company's four-decade history reflects the resilience of established wholesale trading networks despite the changing commercial landscape.
Key Milestones
Incorporated March 21, 1985 in Maharashtra (CIN: L51900MH1985PLC035703) — 40+ years old
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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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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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Risk of becoming a dormant shell company given very low revenues
Balance sheet last filed on 31 March 2017 — nearly 7 years of missing public disclosures
Source: Media Reports / Public Records
Non-filing of financials with MCA may attract regulatory penalties
Source: Regulatory Filings
Very low revenue base of INR 0.50–1.00 Cr and share price of ₹1 indicate a financially marginal entity with limited growth momentum
Wholesale trade is a highly competitive, low-margin sector with increasing disruption from organized players and B2B e-commerce platforms
Small scale limits bargaining power with suppliers and customers, making sustainable profitability challenging
Listed Mumbai-based conglomerate with diversified trading and services business
Cloth/fabric trading + readymade garments + sarees; Bhiwandi, Thane (India's largest fabric hub)
Authorized ₹31 Cr; paid-up ₹31 Cr (fully subscribed); 5 employees (Sep 2024)
No revenues generated; MSEI listed (RAJLXIN); near-dormant