Who are the promoters of Zylog Systems?

The primary promoter of Zylog Systems Limited is Suresh Kumar Reddy, who founded and led the company. The promoter group faced serious allegations of financial fraud and fund diversion, which led to legal proceedings and the eventual downfall of the company's listed status.

Is Zylog Systems still operational?

Zylog Systems has significantly scaled down operations following its financial collapse in the 2012-2013 period. The company was delisted from Indian stock exchanges following loan defaults and fraud allegations. Its current operational status is minimal, with the share price at ₹0.10 indicating distressed or near-defunct conditions.

How do I buy Zylog Systems 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 Zylog Systems?

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 Zylog Systems 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.

Zylog Systems Unlisted Share Price | Buy Zylog Systems Pre-IPO Shares — wisefolio

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

Talk to us

Zylog Systems Unlisted Share Price | Buy Zylog Systems Pre-IPO Shares — wisefolio | wisefolio

Investment Thesis

Zylog Systems Limited represents a cautionary case of a once-growing Indian IT services firm that collapsed following financial fraud allegations against its promoters. The company defaulted on bank loans, was delisted from BSE and NSE, and currently trades at ₹0.10, reflecting near-total destruction of shareholder value. Prospects for recovery are extremely limited without full resolution of legal proceedings and creditor settlements.

Pros

Established IT services and staffing firm with over 25 years of operating history, incorporated in Chennai in 1995
Previously listed on both BSE (532883) and NSE (ZYLOG), indicating historical compliance and governance standards
Operated across onshore, offshore, and nearshore delivery models, providing diversified geographic revenue exposure
Served enterprise and technology company clients across multiple geographies with a workforce of approximately 4,500 employees at peak

Cons

Company faced severe financial distress in the early 2010s with allegations of fund diversion and fraud by promoters
Zylog Systems was delisted from BSE and NSE following defaults on loan repayments to multiple banks and financial institutions
The company's promoter Suresh Kumar Reddy faced legal proceedings related to alleged misappropriation of funds
Current traded price of ₹0.10 per share reflects deep distress and near-total erosion of investor value
Multiple lender banks including State Bank of India classified accounts as non-performing assets (NPAs)

Business Segments

IT Services

Application development, maintenance, testing, and infrastructure management services delivered onshore, offshore, and nearshore to enterprise clients

IT Staffing

Technology talent placement and staffing solutions for enterprises and technology companies across geographies

Revenue Model

Zylog Systems generated revenue through time-and-material and fixed-price IT services contracts as well as IT staffing placements. The company served enterprises and technology companies across geographies through its onshore, offshore, and nearshore delivery model.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds8

Growth Plans

Resolution of legal proceedings against promoters could provide a path to operational and financial restructuring

Settlement with creditor banks could potentially unlock a debt restructuring plan

Industry Tailwinds

Resolution of legal proceedings against promoters could provide a path to operational and financial restructuring

Settlement with creditor banks could potentially unlock a debt restructuring plan

Recent Developments

Last AGM held December 2014

The most recently recorded AGM was held in December 2014. No subsequent corporate activity recorded.

2014-12

Company enters liquidation proceedings

Following financial difficulties, Zylog Systems Limited and its subsidiary Zylog Systems (India) Limited both entered insolvency and are now under liquidation.

Mid-2010s

Comparable Companies

CompanyTypeTickerMkt Cap

NIIT Technologies (now Coforge)PE: ~35xxListedCOFORGE~30,000 Cr

Mastech DigitalListedMASTECH—

NIIT Technologies (now Coforge)Listed

COFORGE · ~30,000 Cr

PE: ~35xx

Mastech DigitalListed

MASTECH

Frequently Asked Questions

Zylog Systems Limited is a Chennai-based IT services and staffing company incorporated in 1995 (CIN: U30006TN1995PLC031651). It provided IT services including application development, testing, infrastructure management, and IT staffing to enterprises and technology companies across onshore, offshore, and nearshore delivery models. The company was listed on both BSE (532883) and NSE (ZYLOG) and had a workforce of approximately 4,500 employees at its peak.

Zylog Systems faced a severe financial crisis around 2012-2013 when it defaulted on loans from multiple banks. Promoter Suresh Kumar Reddy faced allegations of fund diversion and misuse of bank credit facilities. The company's accounts were classified as NPAs by lenders including SBI, and the company was subsequently delisted from BSE and NSE. The stock currently trades at ₹0.10, reflecting near-total loss of shareholder value.

About Zylog Systems

Zylog Systems Limited is a Chennai-based IT services and technology company incorporated in 1995. With a CIN of U30006TN1995PLC031651, the company is registered at 155, Thiruvalluvar Salai, Kumaran Nagar, Sholinganallur, Chennai, Tamil Nadu — 600119. Sholinganallur is a major IT corridor in Chennai, home to numerous technology companies and IT parks. Zylog Systems was established as an IT services company providing staffing, technology outsourcing, and consulting services. The company had global operations spanning India, the USA, the UK, and other international markets. At its peak, Zylog Systems was a significant mid-tier IT company with hundreds of employees across multiple geographies. However, Zylog Systems Limited currently has an MCA status of "Under Liquidation" — a critical red flag indicating the company has gone through insolvency proceedings and is now being wound up. Even more concerning, the company's balance sheet was last filed on March 31, 2013, and the last recorded AGM was held on December 10, 2014, indicating that the company has not maintained corporate compliance for over a decade. The company's financial difficulties appear to have begun in the mid-2010s, a period when several mid-tier Indian IT companies faced challenges including customer concentration, working capital stress, and the competitive impact of digital transformation. Zylog's IT staffing business, in particular, may have been affected by changes in US H1-B visa policies and client offshoring patterns that reduced IT staffing margins. A related entity, Zylog Systems (India) Limited (CIN: U72200TN2005PLC058451), is also "Under Liquidation" — indicating that the financial difficulties were systemic across the Zylog group. The MCA industry classification indicates involvement in "manufacture of office, accounting and computing machinery," though the primary business was IT services and staffing. Zylog's collapse represents a cautionary example in the Indian mid-tier IT space — a sector that was highly competitive and saw numerous smaller players fail to survive the consolidation of the 2010s as clients increasingly preferred larger, more stable vendors. Investors should consider this company's shares to be effectively worthless given the liquidation status.

Key Milestones

Common questions about unlisted shares

How do I buy Zylog Systems 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?

Zylog Systems Limited

How settlement works

Get price alerts for Zylog Systems Limited

Discuss Zylog Systems

Similar companies

Other ways to invest