Famous Unlisted
Indian Companies
Pre-IPO Investment Opportunities
Explore India's most valuable unlisted companies with pre-IPO investment potential. These companies may list on stock exchanges in the future at premium valuations.
Investment Disclaimer
Investing in unlisted securities carries high risk. This information is for educational purposes only. Please conduct thorough research and consult certified financial advisors before investing in unlisted companies.
Search & Filter Companies
National Stock Exchange of India (NSE)
⭐ Top ValuedPromoter/Member shareholders; not a typical private-equity ownership structure
Serum Institute of India
⭐ Top ValuedPoonawalla family (promoters); private family ownership
Zoho Corporation
⭐ Top ValuedFounders / private ownership; limited external PE exposure
Zerodha
⭐ Top ValuedFounders (bootstrapped); Rainmatter (internal) — no major external PE disclosed
Megha Engineering & Infrastructures Ltd (MEIL)
⭐ Top ValuedPromoter group; limited public investor disclosures
Parle Products
⭐ Top ValuedPromoter family ownership; not publicly listed
Intas Pharmaceuticals
⭐ Top ValuedPromoter/management ownership; may have minority institutional stakes
Dream11 (Dream Sports)
⭐ Top ValuedPrivate equity and VC investors (varied across rounds) — no confirmed single largest public investor
Razorpay
⭐ Top ValuedVC/PE investors across rounds; specific names vary by round (not uniformly public)
OYO Rooms
VC and strategic investors across rounds; no confirmed IPO timeline
BYJU'S
Multiple PE/VC investors historically (varied by round)
HDB Financial Services
Parent group and institutional investors; ownership details vary
Reliance Retail Ltd
Reliance Industries Ltd (parent) and selected strategic investors in specific transactions
Hero FinCorp
Promoter / group ownership; institutional stakes in some rounds
Tata Capital Ltd
Tata Group (promoter) and institutional investors
NCDEX (National Commodity & Derivatives Exchange)
Promoter/member shareholders; no typical PE cap table
Swiggy
VC/PE investors across rounds; ownership details around private rounds
Ola Cabs (ANI Technologies)
VC/strategic investors across rounds; no public single-investor disclosure
PhonePe
Parent / strategic investors; some rounds included external investors historically
FirstCry (BrainBees Solutions)
VC/PE investors across rounds; ownership details vary
Lenskart
PE/VC investors across rounds; strategic investors in some rounds
InMobi
VC/PE investors; ownership changed across rounds
Delhivery
VC/PE investors across rounds; (note: Delhivery has had public/secondary events but treat as private here)
Ixigo
VC/PE investors; ownership disclosed in funding rounds
Policybazaar (PB Fintech)
VC/PE investors historically (varied)
Urban Company (UrbanClap)
VC/PE investors across funding rounds
Paytm Money
Parent groups and VC/PE investors; ownership mixed
Reliance Jio Platforms
Reliance Industries Ltd (parent); selective strategic investors historically
CRED
VC/PE investors across rounds; ownership details public per funding rounds
boAt (Boat Lifestyle)
Founders / PE investors in certain rounds
MobiKwik
VC/PE investors across rounds; ownership data available in funding disclosures
CarDekho
VC/PE investors across rounds
Hinduja Leyland Finance
Promoter group; institutional stakes possible
Tata Play (formerly Tata Sky)
Tata Group (promoter); strategic investors historically
National Insurance Company
Government ownership (public sector)
Go Digit Insurance
PE/VC investors in growth rounds
API Holdings (PharmEasy)
VC/PE investors across rounds
National Seeds Corporation
Government ownership (public sector)
ReNew Power
PE/strategic investors across rounds
Ather Energy
PE/strategic investors across rounds
Tata Advanced Systems
Tata Group (promoter); strategic/defense partners
ArcelorMittal Nippon Steel India
Parent JV shareholders (ArcelorMittal, Nippon Steel)
Akasa Air
Promoters and aviation investors; funding rounds reported
Tata Sons Pvt Ltd
Promoter/holding company structure; not a typical external investor cap table
Hinduja Global Solutions
Promoter group; private investors in certain deals
Ola Electric Mobility
VC/PE and strategic investors across rounds
Flipkart Pvt Ltd
Walmart (majority owner) and other private investors
Haldiram's
Promoter family ownership; private structure
Hike Messenger
VC/PE in historical rounds; company pivoted business models
Dunzo
Reliance Retail (investor) and other VC/PE investors
About Unlisted Companies
What are Unlisted Companies?
Unlisted companies are those whose shares are not traded on official stock exchanges like NSE or BSE. Many of India's most valuable companies, including NSE itself, Serum Institute, and Zoho, remain unlisted. These companies may eventually go public through an Initial Public Offering (IPO).
How to Invest in Unlisted Shares
Unlisted shares can be purchased through authorized intermediaries, wealth management firms, or specialized platforms. Investors can buy shares of promising companies before they go public, potentially benefiting from their growth trajectory and future IPO listing.
Investment Opportunities
Investing in unlisted companies can offer substantial returns if the company successfully lists and performs well post-IPO. Companies like Zerodha (₹87,750 Cr), Dream11 (₹60,000 Cr), and Razorpay (₹56,000 Cr) represent high-growth sectors with strong fundamentals.
Key Risk Factors
- •Lack of regulatory oversight and investor protection
- •Limited liquidity - difficult to sell shares quickly
- •No guarantee of IPO listing or timeline
- •Valuation uncertainties and market volatility
Important: This information is provided for educational purposes only and should not be considered as investment advice. Unlisted securities investments are highly speculative and suitable only for investors with high risk tolerance. Always consult certified financial advisors and conduct thorough due diligence before making investment decisions.
Frequently Asked Questions
Q:How can I buy unlisted shares?
Unlisted shares can be purchased through intermediaries, wealth management firms, or platforms specializing in unlisted securities. Always verify the authenticity of the platform and understand the associated risks.
Q:Which unlisted company has the highest valuation?
National Stock Exchange of India (NSE) leads with an approximate valuation of ₹4,70,250 crore, followed by Serum Institute of India at ₹2,11,610 crore.
Q:What are the tax implications?
Gains from unlisted shares are typically taxed as long-term or short-term capital gains depending on the holding period. Consult a tax professional for specific guidance.
Q:Are unlisted shares safe investments?
Unlisted shares carry higher risk than listed securities due to lack of regulation, limited liquidity, and information asymmetry. They are suitable only for informed investors with high risk appetite.
Last Updated: November 2025 | Data sourced from public financial reports and market estimates
Valuations are approximate and subject to change based on market conditions and company performance