What does Zigma Software Limited do?

Zigma Software Limited is classified as an IT Software company incorporated in 1989 in West Bengal. Beyond this classification, no specific details about its products, services, or clients are publicly available, suggesting the company has had minimal or no active operations in recent years.

When was Zigma Software Limited incorporated?

Zigma Software Limited was incorporated in 1989 and is registered with the Registrar of Companies, West Bengal. Its CIN is L51909WB1989PLC046922.

Is Zigma Software Limited listed on a stock exchange?

Zigma Software Limited is classified as unlisted. No record of it being traded on NSE or BSE is available. The indicative share price is ₹0.01, reflecting minimal or no market value.

Who is the Registrar & Transfer Agent for Zigma Software?

MCS Limited (M C S Ltd.) is mentioned as the Registrar & Transfer Agent for Zigma Software Limited, which is a reputed RTA firm in India handling share registry services for various listed and unlisted companies.

How do I buy Zigma Software 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 Zigma Software?

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 Zigma Software 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.

Zigma Software Unlisted Share Price | Buy Zigma Software Pre-IPO Shares — wisefolio

Unlisted shares are illiquid and carry higher risk than listed securities. Prices are indicative, not live. Read the risk disclosure.

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Zigma Software Unlisted Share Price | Buy Zigma Software Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Zigma Software Limited is a deeply distressed nano-cap IT company incorporated in 1989 in Kolkata that operated in niche geospatial services (GIS, remote sensing, photogrammetry, data conversion) during the early Indian IT era. The company has been functionally dormant since at least 2016 — it has filed no financial statements, held no AGM, and has zero promoter holding, with revenues collapsed to near zero and its shares effectively untradeable. Despite an "Active" MCA status, it carries a "Non-Compliant" designation and poses significant governance and going-concern risks.

Pros

Long operating history — incorporated in 1989, among the earliest IT/software companies in West Bengal
Niche service offerings in specialized geospatial domains (GIS, remote sensing, digital photogrammetry, data conversion) with limited domestic competition in the early 2000s
Listed on BSE (code 532177) with a large paid-up capital base of ₹41.76 Cr relative to its current market cap, implying deep asset backing

Cons

Active Non-Compliant status with ROC — last AGM held September 2016, balance sheet last filed March 2016; no annual reports filed for nearly a decade
Revenues have collapsed — sales growth of -68% over five years, latest quarterly gross sales just ₹0.29 Cr; company is effectively non-operational commercially
Zero promoter holding on record (public holding 100%) — complete promoter exit and no controlling stewardship
Shares classified as 'delisted' by multiple trading platforms; trading is either suspended or extremely illiquid on BSE
Market capitalisation of only ₹8.64 Cr against a paid-up capital of ₹41.76 Cr signals severe erosion of shareholder value
NIC code mismatch (51909 — wholesale of other goods) vs. actual IT/software operations — legacy classification never updated

Business Segments

Geographic Information Systems (GIS) services

Remote sensing data processing

Digital photogrammetry and mapping

Data conversion services

IT consultancy and software services

Revenue Model

The company is classified under IT Software, suggesting it historically may have provided software development, IT solutions, or related services. No specific revenue model details are publicly available.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds5

Growth Plans

A new promoter group acquiring and reviving the shell company could theoretically create value, but no such plans are known

Industry Tailwinds

A new promoter group acquiring and reviving the shell company could theoretically create value, but no such plans are known

Industry Headwinds

Complete dormancy

Recent Developments

No annual reports, board meeting outcomes, or financial results filed with BSE after 2016 — effectively dormant from a regulatory/disclosure standpoint

Classified as 'Active Non-Compliant' by the Registrar of Companies (ROC Kolkata) as of 2025

Shares listed as delisted/unlisted by multiple broking platforms; can only be traded as unlisted/OTC shares

Comparable Companies

CompanyTypeTickerMkt Cap

Tata Consultancy ServicesIndia's largest IT company; benchmark for the sector that has evolved dramatically since Zigma's 1989 foundingListed (NSE: TCS)——

Persistent SystemsListed mid-tier Indian software company representing what a successful software firm from the 1989 era looks likeListed (NSE: PERSISTENT)——

Tata Consultancy ServicesListed (NSE: TCS)

India's largest IT company; benchmark for the sector that has evolved dramatically since Zigma's 1989 founding

Persistent Systems

Frequently Asked Questions

About Zigma Software

Zigma Software Limited is a Kolkata-based software company incorporated in 1989, one of West Bengal's early IT companies established during the nascent phase of India's technology sector. With a CIN of L51909WB1989PLC046922, the company is registered at KMC Premises No. 26/7, Sahapur Colony, Plot No. 260, New Alipore, Kolkata, West Bengal — 700053. The company's directors include Pramod Kumar Singhi, Neeraj Sachan, Pankaj Sachan, and Ashok Kumar. The Sachan family (Neeraj and Pankaj) appears to represent the current promoter group, while Pramod Kumar Singhi and Ashok Kumar are additional directors. Zigma Software was incorporated during a period when Kolkata was attempting to establish itself as an IT hub — a vision that has been partially realised through the Salt Lake technology corridor (now Sector V). As an early mover in West Bengal's IT sector, the company likely operated in software development, IT services, and computing solutions. However, a critical observation is that the company's balance sheet was last filed on March 31, 2016 — nearly a decade ago. This is a major red flag indicating that the company has not maintained active MCA compliance for close to 10 years, even as it technically retains an "Active" status in MCA records. Companies that do not file annual returns and financial statements for extended periods typically face strike-off proceedings from the Registrar of Companies, though some companies manage to retain technical active status. The company is listed on the Metropolitan Stock Exchange of India (MSEI) under the ticker ZEL (referenced in some market data sources), though trading is extremely limited given the exchange's low volumes. The stock is also referenced in MoneyWorks4Me and related financial portals. The absence of financial filings since 2016 effectively makes this company opaque to investors. Without audited financial statements, there is no way to assess the company's current revenues, profitability, cash position, or outstanding liabilities. This level of opacity is a significant concern for any potential investor and suggests that the company may have effectively ceased meaningful operations, though it has not been formally dissolved or placed under insolvency. India's IT sector has evolved dramatically since 1989, with the industry now dominated by large global IT companies, and Kolkata's technology sector having grown significantly through the Sector V corridor and large BPO operations. Small legacy software companies from the 1989 era face extreme competitive pressures in this transformed landscape.

Key Milestones

Common questions about unlisted shares

How do I buy Zigma Software 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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