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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 (FY2024)
Investment Thesis
Nano-scale RBI-registered NBFC (non-deposit-accepting) incorporated in Delhi in 1985. Listed on MSEI (Bloomberg: SUIR:IN). Extremely small — paid-up capital only ₹25 lakh. No publicly disclosed revenue figures. Essentially a shell-like micro NBFC with no meaningful operating scale. Maintains regulatory listing compliance.
Pros
Cons
Business Segments
NBFC — financial services (non-deposit accepting, RBI registered)
Revenue Model
Originally operated as an NBFC engaged in lending, investments, and related financial activities. Following cancellation of the RBI NBFC licence, the revenue model is effectively defunct.
Detailed Analysis
Growth Plans
Potential re-registration or business pivot if management pursues a new regulatory or business direction
Industry Tailwinds
Potential re-registration or business pivot if management pursues a new regulatory or business direction
Industry Headwinds
Permanent loss of NBFC licence with no clear path to restoration
Recent Developments
Comparable Companies
Listed NBFC with active RBI registration — healthy sectoral comparison
Frequently Asked Questions
About Supra Industrial Resources
Supra Industrial Resources Limited is a Delhi-based financial intermediary company incorporated on January 31, 1985. The company operates under CIN L65999DL1985PLC019987 and is registered with the Registrar of Companies, Delhi. Despite its name suggesting industrial resources activities, the company's NIC code (6599) places it squarely in the financial intermediation category — specifically in activities primarily concerned with investing in and distributing financial assets. A critical regulatory development significantly affected the company: the Reserve Bank of India (RBI) cancelled the company's Certificate of Registration (CoR) as an NBFC on August 2, 2018. This means the company lost its legal authorization to carry out NBFC activities including accepting deposits or providing credit. Companies with cancelled CoR status can continue to exist as legal entities but cannot undertake NBFC-regulated financial activities. The company's registered office is at E-805, International Trade Tower, Nehru Place, New Delhi – 110019. Nehru Place is one of Delhi's largest commercial and tech market hubs, housing hundreds of financial and trading companies. The company's capital base is very modest — authorized and paid-up capital are both ₹25 lakh. Supra Industrial Resources is listed on the Metropolitan Stock Exchange of India (MSEI) under the ticker SUPRAIND. The company has been filing annual reports with MSEI through at least 2023, indicating it maintains its listed status despite the RBI CoR cancellation. The current directors include Kajol Rani, Rajat Agarwal, and Tanu Jaiswal. The company's situation is representative of many small NBFCs and investment companies that were registered in the 1980s when regulatory oversight was less stringent, and subsequently faced RBI action as the regulatory framework tightened post-2000.
Key Milestones
1985 — Incorporated in Delhi as NBFC
Common questions about unlisted shares
You buy from and sell to the wisefolio desk — shares route through the desk's demat, money-in before shares-out.
You enquire
· Takes 2 minutesTell us the company and quantity you want. Share your demat details so we can settle directly into your account.
We source & quote
· Typically within 1 business dayOur desk sources the shares and comes back with a firm price and an allocation for the quantity available.
You accept the allocation
· Quote valid for 3 daysReview the price, quantity and total. Accept to lock the allocation. The quote is valid for a short window before it needs re-pricing.
You transfer the funds
· Pay within 2 days of acceptingPay by direct bank transfer to the desk's published account — never to a personal account. We confirm receipt and begin the transfer.
Shares reach your demat
· Usually credited within 2–3 business daysOnce payment is verified, the shares are transferred from the desk's demat into yours, and you receive a transfer confirmation.
A principal desk for unlisted & pre-IPO shares — you transact with us, not a stranger.
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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Continued erosion of any remaining asset value
Risk of delisting or winding up
RBI CANCELLED NBFC Certificate of Registration on August 2, 2018 — company cannot legally conduct NBFC activities
Source: Media Reports / Public Records
Extremely small capital base — authorized and paid-up capital both only ₹25 lakh
Source: Company Financial Filings
Despite RBI CoR cancellation, company continues to file annual reports with MSEI — purpose of continued listing is unclear
Source: Media Reports / Public Records
RBI NBFC registration has been cancelled, making it illegal to carry out core NBFC activities such as lending and hire purchase
Share price at ₹0.01 — effectively a penny stock — indicating near-complete destruction of shareholder value
No identifiable active business segment following loss of NBFC licence; company viability is highly uncertain
India's largest active NBFC — benchmark for the financial services sector
Registered at Hemkund Chambers, Nehru Place, New Delhi
Listed on Metropolitan Stock Exchange (MSEI)

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