What does Zicom Electronic Security Systems Limited do?

Zicom Electronic Security Systems Limited is one of India's pioneering electronic security companies. It offers CCTV surveillance systems, video analytics, access control systems, fire detection systems, intrusion alarms, and managed security monitoring services. The company served residential, commercial, and industrial clients across India.

Who are the promoters of Zicom?

Zicom Electronic Security Systems was promoted and led by Pramoud Rao, who served as the Managing Director and was the key driving force behind the company's growth and its pioneering role in the Indian security systems industry.

Is Zicom listed on a stock exchange?

Zicom was previously listed on Indian stock exchanges but was subsequently delisted. It is currently classified as a delisted company. The indicative unlisted share price is ₹0.03, reflecting its distressed financial state.

What is Zicom's ISIN?

Zicom Electronic Security Systems Limited's ISIN is INE871B01013.

What happened to Zicom?

Zicom faced a combination of increasing competition from global security brands and Chinese manufacturers, rising debt levels, and operational challenges that led to financial distress. The company was delisted from stock exchanges as it could not meet compliance and financial obligations.

How do I buy Zicom Electronic Security 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 Zicom Electronic Security?

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 Zicom Electronic Security 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.

Zicom Electronic Security Unlisted Share Price | Buy Zicom Electronic Security Pre-IPO Shares — wisefolio

Investment Thesis

Zicom Electronic Security Systems Limited is a delisted Mumbai-based company that was once a pioneer in India's electronic security industry. Promoted by Pramoud Rao and incorporated in 1994, the company built a strong brand in CCTV, access control, and managed security services. However, intense competition and financial challenges led to its delisting. The current price of ₹0.03 indicates near-complete erosion of investor value.

Pros

Zicom is a well-known brand in the Indian electronic security systems market, operating since 1994 with over 25 years of brand equity in CCTV, access control, and alarm systems
The company built a large pan-India dealer and distribution network, making it one of the early movers in organized electronic security in India
Zicom pioneered the concept of security-as-a-service and managed security monitoring in India, creating a subscription-based recurring revenue model

Cons

Zicom was delisted from Indian stock exchanges following sustained financial distress and inability to meet exchange compliance requirements
The share price of ₹0.03 reflects near-total erosion of shareholder value, indicating deep financial difficulties
The company faced intense competition from global players such as Honeywell, Bosch, and CP Plus, eroding its market share significantly

Business Segments

Electronic Security Products

CCTV systems, access control, fire alarms, and intrusion detection equipment sold to residential and commercial customers

Managed Security Services

Remote monitoring and managed security-as-a-service offering with subscription-based revenue model

Systems Integration

Design and installation of integrated security systems for large commercial and industrial clients

Revenue Model

Zicom earned revenue through product sales (CCTV cameras, access control systems, fire detection equipment), managed security monitoring subscription fees, and systems integration contracts. The company distributed through a wide pan-India dealer network.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds5

Growth Plans

Brand revival under new management or acquisition by a strategic player in the security systems space could unlock residual brand value

Industry Tailwinds

Brand revival under new management or acquisition by a strategic player in the security systems space could unlock residual brand value

Industry Headwinds

Continued dormancy

Recent Developments

Last AGM held June 4, 2021

The company held its last Annual General Meeting on June 4, 2021. No subsequent AGM has been held, consistent with CIRP status.

2021-06

Market cap falls to ₹7.30 crore; revenue ₹1.38 crore

Zicom's market cap has collapsed to ₹7.30 crore with revenue of only ₹1.38 crore, reflecting 5-year sales CAGR of -63.1%.

2024

Comparable Companies

CompanyTypeTickerMkt Cap

Honeywell Automation IndiaPE: ~60xxListedHONAUT~25000 Cr

CP Plus (Aditya Infotech)ListedUnlisted—

Bosch LimitedPE: ~50xxListedBOSCHLTD~35000 Cr

Honeywell Automation IndiaListed

HONAUT · ~25000 Cr

Frequently Asked Questions

About Zicom Electronic Security

Zicom Electronic Security Systems Limited is a Mumbai-based electronic security company incorporated on December 1, 1994. Once one of India's foremost providers of electronic surveillance and security systems, Zicom pioneered organised security solutions in India, providing CCTV cameras, access control systems, fire detection, alarm systems, and integrated security management solutions to enterprises, banks, retail chains, and government institutions. With CIN L32109MH1994PLC083391, the company's registered and corporate office is at Zicom House, 45 Chimbai Road, Off Hill Road, Bandra (West), Mumbai — a premium commercial address. The company had authorised share capital of ₹50 crore with paid-up capital of ₹41.22 crore. However, Zicom's financial trajectory has been starkly negative over the past decade. The company's market capitalisation had fallen to just ₹7.30 crore as of recent data, revenue to ₹1.38 crore, and the company reported a net loss of ₹0.22 crore. This represents a catastrophic decline in a company that was once considered a pioneer in India's electronic security industry. The five-year sales CAGR was -63.1% — one of the most severe revenue declines for any listed or formerly listed company. Most critically, Zicom's current MCA status is "Under CIRP" — meaning the company is undergoing Corporate Insolvency Resolution Process under India's Insolvency and Bankruptcy Code (IBC). The last AGM was held on June 4, 2021, and the company has not held an AGM since, confirming that normal corporate operations have been superseded by the insolvency process. Zicom was registered at BSE and has been available as a listed stock historically (BSE: ZICOM, NSE: ZICOM), but given the CIRP status, trading would be minimal or suspended. The insolvency process typically results in either resolution (where a new acquirer takes over the business and restores it to health) or liquidation (where assets are sold to repay creditors). The decline of Zicom is a cautionary tale in the Indian security systems market — the company was unable to adapt quickly enough to changing market dynamics, intense price competition from Chinese equipment imports (particularly Hikvision and Dahua), and the commoditisation of basic security hardware. While the organised security services and system integration market in India continues to grow, the product manufacturing and distribution segment has been disrupted by low-cost Asian imports.

Key Milestones

Common questions about unlisted shares

How do I buy Zicom Electronic Security 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?

Zicom Electronic Security Systems Limited

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