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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]D
Rates the company's debt-servicing ability — not the quality or value of its shares.
52-Week Range
Valuation
Financials (FY2025)
Investment Thesis
Delhi-based consumer durables company (est. 1983) founded by Dr. Charat Ram of the DCM Shriram industrial group. Distributes USHA SHRIRAM and EUROLEX branded products across lighting, cookware, water/air purifiers, fans, luggage, electronics and furniture. Revenue has collapsed to ₹64.3 lakh FY2025 (from ₹1–100 Cr range in FY2023) — a severe contraction. CRISIL downgraded to BB-/Stable in 2017. Despite the prestigious founding lineage, the business is in significant decline. Private company. Avoid.
Pros
Cons
Business Segments
Consumer durables — USHA SHRIRAM branded lighting, cookware, water/air purifiers, fans (EUROLEX), luggage, mobiles, CCTV cameras, TV, furniture
Hospitality — hotel operations (linked to The Grand Uddhav hotel, New Delhi)
Revenue Model
Revenue model likely involves distribution, licensing, or enterprise-level activities related to consumer durables and home appliances within the Usha-Shriram business ecosystem.
Detailed Analysis
Growth Plans
Potential revival through restructuring or merger with active Usha brand entities.
India's consumer durables market is growing driven by rising disposable income and urbanization.
Industry Tailwinds
Potential revival through restructuring or merger with active Usha brand entities.
India's consumer durables market is growing driven by rising disposable income and urbanization.
Recent Developments
Comparable Companies
Unlisted
Frequently Asked Questions
About Usha Shriram
Usha Shriram Enterprises Private Limited is a New Delhi-based company incorporated on 24 March 1983. The company operates as a multi-product consumer goods company with deep roots in the Indian market. It is closely associated with the Usha brand, which is one of India's most recognized consumer durables brands with a history spanning several decades. The company's product portfolio is extensive, spanning fans, appliances, cookware, water purifiers, air purifiers, lighting products, and consumer electronics. Usha Shriram has been in the business of water purifiers since 1996 and was among the first companies in India to launch a table-top water purifier capable of eliminating both bacteria and viruses. The business covers a vast range of product categories under the 'Home Solutions' umbrella including: fans (ceiling, wall, table, pedestal, cabin, exhaust, and fresh air fans), cooking appliances and cookware, water and air purification systems, CCTV cameras, lighting products, luggage, and furniture. This diversified product mix allows the company to cater to a broad customer base across urban and semi-urban India. The company is registered at Block A, DDA Commercial Complex, Ring Road, Naraina, New Delhi, Delhi — 110028, and operates through a distribution-led model. The authorised and paid-up share capital reflects a mature private enterprise structure. Usha Shriram Enterprises has two directors as per MCA filings: Subodh Varma and Anupam Bharat. The company remains a private limited entity with no publicly disclosed plans for an IPO or listing. Revenue for the financial year ending March 31, 2025 was approximately ₹64.3 lakh, which represents a significantly reduced scale of operations compared to prior years — the book networth decreased by 55.89% over the period, indicating operational contraction. The company was active with operating revenue in the INR 1 Cr - 100 Cr range for FY2023. The CRISIL rating as of March 2017 stood at BB-/Stable for long-term facilities, with a downgrade from BB/Stable. As a private company in a competitive consumer durables landscape, Usha Shriram faces significant headwinds from organised players and changing retail dynamics. The Usha brand has broad recognition, but execution at the distribution level remains key to recovery.
Key Milestones
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.
Industry Headwinds
Company may be dormant or a shell entity with no active business operations.
Competition in consumer durables from well-funded listed companies.
Book networth decreased by 55.89% — significant financial deterioration
Source: Media Reports / Public Records
CRISIL downgraded to BB-/Stable in 2017; no updated public rating available
Source: CRISIL Rating Report
Revenue declined sharply from crores to ₹64.3 lakh by FY2025
Source: Company Financial Filings
Private company with limited public disclosure
Source: Media Reports / Public Records
CRISIL rating of [ICRA]D — sub-investment grade; indicates elevated credit risk
Source: CRISIL
Share price of ₹0.1 signals severe market distress or dormancy; no recent financial information available publicly.
As a private limited company, limited disclosure obligations make it difficult to assess current financial health or operational status.
Consumer durables market in India is highly competitive with large organized players (Havells, Bajaj Electricals, Orient Electric) and Chinese imports.
HAVELLS · ~90000 Cr
PE: ~55xx
ORIENTELEC · ~4000 Cr
PE: ~40xx
24 March 1983 — Incorporated by Dr. Charat Ram (DCM Shriram Group) and N.R. Dongre (IIT Kharagpur); Naraina, Delhi
1990s–2000s — Built multi-product consumer durables distribution: USHA SHRIRAM and EUROLEX brands across lighting, cookware, fans, luggage
Diversified into hospitality sector (The Grand Uddhav hotel, New Delhi)
2017 — CRISIL downgraded bank facility rating to BB-/Stable (from BB/Stable) — financial stress signal
Post-2020 — Revenue declining sharply; FY2025 revenue just ₹64.3 lakh — significant contraction
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