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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 (FY2023)
Investment Thesis
Skinbook Lab India Limited (CIN: U96020MH2023PLC401887) is a Thane-based skincare and beauty products company incorporated in April 2023 by the Chatterjee family. Surprisingly well-capitalised at ₹9.95 Cr paid-up despite being less than 2 years old, the company generated only ₹5.45 lakh in its first year (FY2023). Operating in India's competitive but fast-growing personal care market (skincare, body care, hair care, intimate care), this is an extremely early-stage venture with no meaningful revenue track record yet.
Pros
Cons
Business Segments
Skincare and beauty product trading — skincare, body care, hair care, intimate care products
Classified under hairdressing and other beauty treatment services (NIC U96020)
Registered at Siddhachal Phase-8, Vasant Vihar, Thane, Maharashtra 400601
Revenue Model
Product sales of skincare formulations to retail and direct-to-consumer channels; potential consultation fees from dermatology services.
Detailed Analysis
Growth Plans
India's skincare and dermatology market growing at strong double-digit rates driven by consumer premiumization
Increasing demand for science-backed, dermatologist-recommended skincare products
Industry Tailwinds
India's skincare and dermatology market growing at strong double-digit rates driven by consumer premiumization
Increasing demand for science-backed, dermatologist-recommended skincare products
Recent Developments
Comparable Companies
HONASA · 5000 Cr
EMAMILTD · 15000 Cr
Frequently Asked Questions
About Skinbook Lab India
Skinbook Lab India Ltd is a recently incorporated Thane-based company in the dermatology and skincare space, registered in 2023 under the MCA. With CIN U96020MH2023PLC401887, the company operates in India's rapidly growing skincare and dermatology market, which is experiencing strong demand driven by rising consumer awareness, social media influence, and growing disposable incomes in urban India. The company appears to focus on skincare products, dermatology solutions, or clinical skincare services. India's skincare market is projected to reach USD 2.7 billion by 2025, growing at approximately 12-15% annually, driven by increased consciousness about skin health, dermatologist recommendations, and growing organized retail in beauty and personal care. As a 2023 incorporation, Skinbook Lab India Ltd is in its early operational stage, building its product portfolio and market presence. The company's Thane location provides access to Mumbai's large consumer market and the broader Maharashtra retail ecosystem. Early-stage skincare companies in India typically focus on developing differentiated formulations, building dermatologist networks, or establishing digital-first distribution channels. The dermatology and clinical skincare segment in India has seen significant venture interest, with companies like Minimalist, The Derma Co, and Mamaearth establishing significant brand presence. Skinbook Lab India operates in this competitive but high-growth environment, targeting consumers seeking dermatologically validated skincare solutions.
Key Milestones
2023 — Incorporated as Skinbook Lab India Limited, ROC Mumbai, April 28, 2023
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We source & quote
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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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Industry Headwinds
Inability to differentiate in a crowded skincare market dominated by well-funded D2C brands
Capital constraints typical of early-stage unlisted companies
Very early stage company (2023 incorporation) with no established financial track record
Source: Media Reports / Public Records
Incorporated in 2023 with no established revenue track record or proven business model
Highly competitive skincare market with numerous established D2C brands (Minimalist, Mamaearth, Derma Co) and multinational players
Unlisted status with very limited information makes it difficult to assess true value or exit options
Established with ₹9.95 Cr paid-up capital — atypically well-funded for a year-1 beauty startup