What does Zenith Infotech Limited do?

Zenith Infotech Limited was engaged in IT infrastructure leasing, managed services, and cloud computing services. It provided technology solutions primarily to BFSI clients and leased IT equipment and infrastructure to banks and financial institutions in India and internationally.

What happened to Zenith Infotech?

Zenith Infotech collapsed in the early 2010s after defaulting on significant debt obligations. The company's promoters faced allegations of fund diversion, and lenders including major banks took losses. The stock was eventually delisted from exchanges, and the company ceased normal operations.

Is Zenith Infotech planning an IPO?

No. The company has been delisted and is currently in financial distress. There are no known plans for an IPO or re-listing.

Who were the promoters of Zenith Infotech?

Zenith Infotech was promoted by Akash Patel and his family. The promoter group faced scrutiny from lenders and regulators following the company's debt default in the early 2010s.

How do I buy Zenith Infotech 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 Zenith Infotech?

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 Zenith Infotech 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.

Zenith Infotech Unlisted Share Price | Buy Zenith Infotech Pre-IPO Shares — wisefolio

Investment Thesis

Zenith Infotech Limited is a delisted IT infrastructure company that collapsed following a major debt default in the early 2010s. The company promoted by Akash Patel was once a notable managed services provider to the BFSI sector but faced allegations of fund diversion and lender losses. The current share price of ₹0.01 and lack of any operational activity make this an extremely high-risk, near-worthless holding.

Pros

Zenith Infotech was a pioneering IT infrastructure and managed services company in India, operating since 1996 with operations across multiple geographies
The company had a significant business providing IT leasing and managed services to banking and financial services companies in India and abroad before its financial difficulties

Cons

Zenith Infotech faced severe financial distress and defaulted on its debt obligations in the early 2010s, leading to its effective collapse
The company was delisted from Indian stock exchanges following its financial implosion; current share price of ₹0.01 reflects its near-worthless status
Promoters faced allegations of fund diversion and the company's overseas subsidiaries also collapsed, making recovery prospects very low

Business Segments

IT Infrastructure Leasing

Leasing of IT hardware and infrastructure to banks and financial institutions

Managed Services

End-to-end IT managed services for BFSI sector clients

Revenue Model

Zenith Infotech historically generated revenue through long-term IT leasing contracts with banks and NBFCs, along with managed services fees. The business model relied heavily on borrowings to finance IT assets leased to clients.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds5

Growth Plans

Any out-of-court settlement or debt restructuring could theoretically revive the entity, but no such activity is known

Industry Tailwinds

Any out-of-court settlement or debt restructuring could theoretically revive the entity, but no such activity is known

Industry Headwinds

Complete loss of shareholder capital

Recent Developments

SEBI case resolved with ₹3.56 crore settlement

Zenith Infotech and its promoters settled a 12-year SEBI dispute with a ₹3.56 crore payment. The court lifted restrictions after finding no evidence of asset stripping or insider trading on full examination.

2025

SEBI bars promoters from securities market

SEBI took enforcement action against promoters Rajkumar Saraf, Akash Saraf, Devita Saraf, Vijayrani Saraf and associated entities for alleged asset diversion from the listed company.

2013

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Frequently Asked Questions

About Zenith Infotech

Zenith Infotech Limited is a Mumbai-based IT company incorporated on December 31, 1996, with CIN L30000MH1996PLC102705. The company was one of India's notable IT infrastructure and cloud computing firms in the 2000s and early 2010s, operating in the managed services, cloud infrastructure, and SaaS space before the cloud computing revolution became mainstream. However, Zenith Infotech's history is deeply marked by financial difficulties and a prolonged regulatory battle with the Securities and Exchange Board of India (SEBI). In March 2013, SEBI took serious enforcement action against the company and its promoters — Rajkumar Saraf, Akash Kumar Saraf, Devita Saraf, Vijayrani Saraf — as well as associated entities VU Technologies Pvt Ltd and Zenith Technologies Pvt Ltd. SEBI barred these individuals and entities from the securities market, alleging that promoters and directors had "in a devious manner attempted to take away the assets of a listed company directly and indirectly for their own benefit," causing loss to shareholders. SEBI's examination found prima facie evidence of asset diversion from the listed company (Zenith Infotech) to related entities controlled by the promoter family. The regulator also sought a bank guarantee of approximately $33.93 million as part of its action. This high-profile SEBI case severely damaged the company's reputation and operations. However, in a significant development, Zenith Infotech and its promoters resolved the 12-year SEBI dispute with a ₹3.56 crore settlement payment, ending the restrictions and allegations. The court ultimately lifted the restrictions after finding no evidence of asset stripping or insider trading upon full examination — a notable reversal from the initial SEBI findings. Additionally, a High Court order for the sale of Zenith Infotech's cloud computing business was reported, suggesting that portions of the company's assets were subject to legal proceedings. The company's cloud computing division had served SMBs across India and internationally. The company's full name links it to the Saraf family, which is also associated with VU Technologies — the television and display brand that has been more publicly active in recent years. The resolution of the SEBI case represents a partial restoration of the family's regulatory standing, though the company's operational status post-settlement requires verification.

Key Milestones

Common questions about unlisted shares

How do I buy Zenith Infotech 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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