Who are the promoters of S. Kumars Nationwide Limited?

The company was promoted by Nitin Kasliwal and the broader S. Kumars Group (Kasliwal family), who were once prominent figures in India's textile industry. The promoter group faced serious regulatory and legal scrutiny related to loan defaults and alleged fund diversion.

What brands did S. Kumars Nationwide own?

S. Kumars Nationwide had a portfolio of well-known textile and apparel brands including Reid & Taylor (premium suiting) and Belmonte, and was involved in multi-fibre fabric manufacturing, branded apparel, and home textiles segments.

Is S. Kumars Nationwide still operating?

The company is in a severely distressed state with insolvency proceedings initiated against it. Its share price is near zero at ₹0.01, and normal operations have effectively ceased. Investors should treat this as a high-risk defaulted entity.

How do I buy S. Kumars Nationwide Limited 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 S. Kumars Nationwide Limited?

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 S. Kumars Nationwide Limited 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.

S. Kumars Nationwide Limited Unlisted Share Price | Buy S. Kumars Nationwide Limited Pre-IPO Shares — wisefolio

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

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S. Kumars Nationwide Limited Unlisted Share Price | Buy S. Kumars Nationwide Limited Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

S. Kumars Nationwide Limited is a cautionary tale of a once-prominent Indian textile conglomerate that collapsed under excessive debt and alleged financial mismanagement. With a share price of ₹0.01 and ongoing insolvency proceedings, the company has no investment merit. Equity shareholders are unlikely to recover any value from the insolvency resolution process.

Pros

Was once one of India's largest textile companies with vertically integrated multi-fibre manufacturing capabilities spanning fabrics, apparel, and home textiles
Had significant manufacturing scale and brand portfolio including the well-known 'Reid & Taylor' and 'Belmonte' brands before financial difficulties

Cons

Company went through severe financial distress with massive debt accumulation; referred to NCLT/insolvency proceedings under IBC
Share price has collapsed to near zero (₹0.01), reflecting the company's effectively defunct or deeply distressed state
Promoter Nitin Kasliwal and the S. Kumars group faced serious allegations of fund diversion and loan default to lenders including SBI and other banks

Business Segments

Fabrics Manufacturing

Vertically integrated multi-fibre fabric manufacturing including worsted, blended and synthetic fabrics

Branded Apparel

Premium branded menswear under Reid & Taylor and Belmonte brands

Home Textiles

Home textile products manufacturing and distribution

Revenue Model

Revenue historically generated through B2B fabric sales to garment manufacturers and B2C branded apparel sales through retail channels under owned brands including Reid & Taylor and Belmonte.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds3

Industry Headwinds

Insolvency resolution likely results in zero recovery for equity shareholders

Prolonged legal proceedings further erode any residual asset value

Promoter-related legal matters create additional complications for resolution

Recent Developments

Insolvency Proceedings

S. Kumars Nationwide was referred to NCLT for insolvency resolution proceedings after defaulting on large bank loans. The resolution process has been prolonged with limited recoveries for creditors.

Comparable Companies

CompanyTypeTickerMkt Cap

Vardhman Textiles LimitedListedVTL~9000 Cr

Raymond LimitedListedRAYMOND~5000 Cr

Vardhman Textiles LimitedListed

VTL · ~9000 Cr

Raymond LimitedListed

RAYMOND · ~5000 Cr

Frequently Asked Questions

S. Kumars Nationwide Limited was once one of India's largest textile conglomerates with brands like Reid & Taylor and Belmonte. However, the company accumulated massive debt and defaulted on loans to banks including SBI. It was referred to insolvency proceedings under the Insolvency and Bankruptcy Code (IBC). Promoter Nitin Kasliwal and the Kasliwal family (S. Kumars Group) faced allegations of fund diversion. The company's share price has collapsed to near zero, reflecting its deeply distressed financial state.

About S. Kumars Nationwide Limited

S. Kumars Nationwide Limited was one of India's largest textile conglomerates, incorporated in 1990, with vertically integrated multi-fibre manufacturing capabilities across fabrics, apparel, and home textiles. The company operated brands and supplied to major domestic and international retail chains, achieving revenues of approximately Rs. 2,656 Cr at its peak. A Corporate Insolvency Resolution Process (CIRP) was initiated in May 2018 following severe financial distress, and the company subsequently entered liquidation. AAA Insolvency Professionals LLP has been appointed as liquidator. Assets are being sold through e-auction on a going concern basis under NCLT orders. The company reported a net loss of Rs. 612 Cr in its final reported period. The Kasliwal family promoted the company, which was once a marquee name in Indian textiles with suiting brands known across the country. As with many large textile groups from the 2000s, excessive leverage and working capital strain led to insolvency. Equity shareholders face near-certain zero recovery.

Key Milestones

Incorporated in 1990 in Mumbai, Maharashtra as part of the S. Kumars Group

Grew to become one of India's largest textile conglomerates with multi-fibre manufacturing and premium brands

Common questions about unlisted shares

How do I buy S. Kumars Nationwide Limited 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?

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