What does Zenith Securities and Investment Limited do?

Zenith Securities and Investment Limited is classified as a Union Government company in the financial services sector, registered as an NBFC. It appears to function as an investment and securities holding entity under the Government of India, likely holding financial securities and investments on behalf of or under the direction of the central government.

Who owns Zenith Securities and Investment Limited?

The company is classified as a Union Government company, meaning the Government of India holds a controlling or majority ownership stake. The CIN prefix 'GOI' (U66010MH1916GOI000432) confirms this government classification.

When was Zenith Securities and Investment Limited incorporated?

The company was incorporated in 1916, making it over 100 years old. It is registered with the Registrar of Companies, Mumbai under CIN U66010MH1916GOI000432.

What is the share price of Zenith Securities and Investment Limited?

The current indicative share price is ₹8,500 per share in the unlisted market, reflecting the company's asset value as an investment holding entity.

How do I buy Zenith Securities and Investment 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 Securities and Investment?

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 Securities and Investment 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 Securities and Investment Unlisted Share Price | Buy Zenith Securities and Investment Pre-IPO Shares — wisefolio

Investment Thesis

Zenith Securities and Investment Limited is an extraordinary relic — a pre-Independence (1916) Union Government of India company that began as Zenith Life Assurance Co. Ltd and now functions as a securities investment holding entity registered in Mumbai. With just ₹20 lakh in share capital, government classification, and a tiny 3-person board including a director who has served since 1967, it operates as a near-dormant investment vehicle. Revenue of ₹79.3 Cr in FY2023 (likely from investment income or portfolio realizations) dropped sharply in FY2024, suggesting highly variable earnings tied to market conditions rather than active operations.

Pros

One of India's oldest financial entities — incorporated in 1916, over 108 years of operational continuity
Classified as a Union Government company — sovereign backing provides ultimate stability
Active filings status with MCA through FY2024 — compliant and operational
FY2023 revenue of ₹79.3 Cr with ~1189% growth suggests large investment realization or portfolio event

Cons

Extremely minimal share capital (₹20 lakh authorized and paid-up) — vestigial financial structure
PAT collapsed from ~₹7.85 Cr (FY2023) to ~₹1.36 Cr (FY2024) — ~83% decline in profitability
No public website or discoverable consumer/investor interface
Revenue and operations appear highly opaque for a Union Government entity
Director Homi Framroze Mehta has served since 1967 (57+ years) — governance succession concerns

Business Segments

Securities investment and holding

Life insurance (historical — legacy from Zenith Life Assurance Co. Ltd)

Long-term investment fund management (income from invested corpus)

Revenue Model

Investment income (dividends, interest, capital gains); potential lending income from secured loans; fee income from financial services

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds5

Growth Plans

Potential divestment or merger with other government financial entities could unlock value

Industry Tailwinds

Potential divestment or merger with other government financial entities could unlock value

Industry Headwinds

Limited commercial operations

Recent Developments

FY2024 PAT: ~₹1.36 Cr — down ~83% from FY2023 PAT of ~₹7.85 Cr

FY2023 revenue of ₹79.3 Cr with ~1189% growth — likely reflects large portfolio realization or exceptional item

Annual financial statements filed with ROC Mumbai for year ended 31 March 2024 — active compliance

Comparable Companies

CompanyTypeTickerMkt Cap

LIC of IndiaListedLICI~500000 Cr

IFCI LimitedListedIFCI~5000 Cr

LIC of IndiaListed

LICI · ~500000 Cr

IFCI LimitedListed

IFCI · ~5000 Cr

Frequently Asked Questions

About Zenith Securities and Investment

Zenith Securities and Investment Limited is one of India's oldest financial services entities, incorporated on August 28, 1916 — more than a century ago. With a CIN of U66010MH1916GOI000432, this Mumbai-based Non-Banking Financial Company (NBFC) has survived through colonial India, independence, and multiple economic cycles over its 109-year history. The company is registered as an NBFC with the Reserve Bank of India and operates in the securities, investment, and financial intermediation space. Its registered office is at Shop No. G-80, Ground Floor, Profit Centre, 90 Feet Road, Mahavir Nagar, Kandivali West, Maharashtra — 400067, situating it in Mumbai's western suburban business district. The company's directors include Hans Raj Gangwal, Homi Framroze Mehta, and Jehangir Homi Mehta — the Mehta family (Homi and Jehangir) likely representing long-standing promoter interests given the company's century-plus age. This type of multi-generational promoter continuity is typical of old Indian financial intermediaries that trace their origins to the pre-independence era. As an NBFC, Zenith Securities and Investment likely engaged in investment activities including holding securities, providing loans against securities, and financial intermediation services. The company's last filed balance sheet was for the financial year ending March 31, 2023, indicating recent compliance with RBI NBFC reporting requirements. The company falls under the category of Non-Banking Financial Companies for which detailed financial reports are not readily available on standard platforms like Zauba Corp and Tofler, due to the separate regulatory framework governing NBFCs under RBI oversight. NBFC financials are disclosed to the RBI but not always published in the same format as standard corporate financial statements. India's NBFC sector has undergone significant regulatory tightening over the past decade following the IL&FS crisis (2018) and subsequent prudential framework changes. NBFCs with assets below certain thresholds are categorised as non-systemically important, and many older, smaller NBFCs have faced challenges in adapting to the new capital adequacy, liquidity, and compliance standards introduced by RBI. Given the company's century-long operational history, it is almost certainly a legacy entity that has survived primarily as a holding or investment vehicle rather than a dynamic lending or investment institution. Investors should conduct thorough due diligence on the company's current AUM, lending book, and RBI compliance status before considering any investment.

Key Milestones

Common questions about unlisted shares

How do I buy Zenith Securities and Investment 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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