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

Credit Rating (CRISIL)
[ICRA]A+ (Stable)
Rates the company's debt-servicing ability — not the quality or value of its shares.
Valuation
Financials (FY2024)
Investment Thesis
Roots Multiclean Limited is a well-established Indian manufacturer of industrial cleaning equipment with over three decades of experience and strong group backing from the Roots Group of Coimbatore. The company benefits from India's growing industrial and commercial infrastructure but faces increasing competition from global brands. The unlisted status limits public financial visibility, but the business fundamentals in industrial cleaning remain solid given India's infrastructure expansion.
Pros
Cons
Business Segments
Floor Care Equipment
Ride-on and walk-behind scrubbers, sweepers, and polishers for industrial and commercial floors
High-Pressure Cleaning Systems
High-pressure washers and jet cleaning systems for industrial maintenance
Hygiene & Sanitation Solutions
Vacuum systems, hand dryers, and hygiene dispensers for commercial spaces
Revenue Model
Roots Multiclean earns revenue from equipment sales to industrial and commercial customers, supported by after-sales service, spares supply, and annual maintenance contracts (AMCs). The company operates through a dealer network and direct sales channels across India.
Detailed Analysis
Growth Plans
Post-pandemic heightened awareness of hygiene in commercial and healthcare facilities driving equipment upgrades
Government's Swachh Bharat and Smart Cities Mission creating municipal demand for industrial sweepers and cleaning machinery
India's expanding airport, metro, and infrastructure projects requiring specialized industrial cleaning equipment
Industry Tailwinds
Recent Developments
Comparable Companies
Unlisted
TNC (NYSE)
Frequently Asked Questions
About Roots Multiclean Limited
Roots Multiclean Limited is a Coimbatore-based manufacturer of industrial and commercial cleaning equipment, incorporated in 1992. Part of the Roots Group of Companies, the company is India's premier manufacturer of mechanised cleaning equipment including road sweepers, floor scrubbers, industrial vacuum systems, and high-pressure washers. The company serves municipal bodies, airports, factories, warehouses, and commercial establishments across India. It exports to international markets including the US through strategic partnerships, notably with Victory Sweepers. In FY2024, the company achieved approximately Rs. 450 Cr in revenue with a 12% CAGR over three years, and an operating margin of 17.3% — strong metrics for an industrial equipment manufacturer. The company has an international board with representation from Europe, reflecting its global manufacturing partnerships. Roots Multiclean is an unlisted public company with no BSE/NSE trading.
Key Milestones
Incorporated in 1992 in Coimbatore, Tamil Nadu as part of the Roots Group
Established as India's premier domestic manufacturer of industrial and commercial cleaning equipment
Common questions about unlisted shares
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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
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.
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Post-pandemic heightened awareness of hygiene in commercial and healthcare facilities driving equipment upgrades
Government's Swachh Bharat and Smart Cities Mission creating municipal demand for industrial sweepers and cleaning machinery
India's expanding airport, metro, and infrastructure projects requiring specialized industrial cleaning equipment
Industry Headwinds
Aggressive pricing by global players and Chinese imports could compress margins
Slowdown in industrial capex spending affecting equipment procurement
Key Strengths
India's leading mechanised cleaning equipment manufacturer with 30+ year track record
17.3% operating margin — strong for industrial equipment
International board and US distribution partnership (Victory Sweepers)
Coimbatore engineering ecosystem providing skilled labour and supplier proximity
Key Weaknesses
Unlisted — no public market access for investors
Revenue data only from secondary sources — no public financial statements
Unlisted — no mandatory public financial disclosure
Source: Media Reports / Public Records
Related-party structure within Roots Group requires scrutiny
Source: MCA / BSE Disclosures
International brands like Karcher, Tennant, and Nilfisk have significantly expanded their India presence, intensifying competition in premium industrial cleaning segments
Cleaning equipment purchases are discretionary capital expenditure; economic slowdowns or budget cuts in manufacturing and hospitality sectors directly affect sales
Unlisted company status means limited public financial and governance information is available
Expanded product portfolio over three decades to include scrubbers, sweepers, high-pressure washers, and hygiene solutions