SICOM India Limited
- Unlisted share
- Financial Services
- ISIN INE569E01018
At a glance
Sales
FY26
₹25.21 Cr
−37.5%on FY25What the company earned from its customers in the year.
Profit
FY26
₹21.05 Cr
What was left after every cost and tax was paid.
Net worth
FY26
₹482 Cr
What the owners would have left on paper if every debt was repaid.
From the company's published figures; sources are beside each figure further down the page.
Key details
- Company
- SICOM India Limited
- ISIN
- INE569E01018
- Sector
- Financial Services
- Type of share
- Unlisted equity share
- Indicative price per share
- On request
- Price last updated
- 12 Oct 2026
- Minimum quantity
- Confirmed by the desk
- How you hold it
- In your own demat account
- Enquiries
- GrowFast desk, on WhatsApp
Indicative prices, illiquid shares. Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
Company
About SICOM India Limited
SICOM Limited, set up in 1966 as Maharashtra's state industrial and investment corporation, is a Mumbai-based non-deposit-taking NBFC that lends to companies and offers advisory services. In recent years it has mostly been recovering old bad loans and shrinking its balance sheet; it repaid its public-sector deposits in FY2024-25 and had 44 employees in March 2026. The Government of Maharashtra holds about 49%, with Dhanavah Media Private Limited (24%) and the J.C. Flowers fund JCF Bin II (about 15%) the other large shareholders.
Written from: sicomindia.com, sicomindia.com
Financials
Ask for the full annual report.
The figures on this page are the headline numbers. The desk can share the latest annual report and anything published since.
Ask for the financials- Sector
- Financial Services
- ISIN
- INE569E01018
- Year incorporated
- 1966
- Registered office
- Mumbai, Maharashtra
- Promoter
- Government of Maharashtra (49.07%, held mostly in the name of the Governor of Maharashtra)
- Key people
- Managing Director: Radhakrishnan B, IAS; Deputy Managing Director & CFO: Nitin Mahajan; Company Secretary: Chetna Vasani
- Company website, Key Managerial Person page
- Employees
- 44 people
- Face value per share
- ₹10
- CIN
- U65990MH1966PLC013459
- Official website
- sicomindia.com
Read from: SICOM Limited 60th annual report 2025-26, unless another source is shown on a card.
Key data
What the numbers mean
The ratios buyers look at, each said in plain words.
Profit margincalculated
83.5%
Out of every ₹100 of sales, ₹83.5 was left as profit.
Return on equitycalculated
4.4%
For every ₹100 of the owners' money, the company made ₹4.4 of profit in the year.
Debt to equitycalculated
0.1×
The company has borrowed ₹0.1 for every ₹1 of its owners' money.
- Indicative price
- On request
- No. of shares
- 6,07,68,703
- EPS
- ₹3.46
- Book value per share
- ₹79.32
- Face value
- ₹10
Figures marked “calculated” are worked out by GrowFast from its indicative price and the company's published figures for FY2025-26. They move with the price, and they are arithmetic, not a valuation.
Figures in ₹ crore
Financials
SICOM Limited. As published in the company's audited reports. GrowFast has not audited them.
Sales, year by year
₹ crore. The darkest bar is the latest year.
FY23 to FY26: ₹24.77 Cr to ₹25.21 Cr.
Profit, year by year
₹ crore, after tax. A bar below the line is a loss.
FY23 to FY26: ₹-5.17 Cr to ₹21.05 Cr.
| Particulars | FY23 | FY24 | FY25 | FY26Latest |
|---|---|---|---|---|
| Total revenue from operations | 24.77 | 82.49 | 40.36 | 25.21▼38% |
| Other income | 7.01 | 14.82 | 14.84 | 19.37▲31% |
| Total income | 31.77 | 97.31 | 55.2 | 44.58▼19% |
| Depreciation and amortisation | 5.83 | 5.47 | 5.15 | 5.07▼2% |
| Finance cost | 26.56 | 28.77 | 22.21 | 5.64▼75% |
| Profit/(loss) before tax | 25.6 | 52.61 | -55.64 | 26.98▲148% |
| Profit/(loss) for the year | -5.17 | 1.87 | -56.28 | 21.05▲137% |
| Earnings per share (basic) (₹) | -1.57 | -0.18 | -9.26 | 3.46▲137% |
| Interest income | 30.44 | 55.47 | 27.18 | 19.61▼28% |
Rupees crore unless marked, consolidated. The change shown is the latest year against the year before. Read from: SICOM Limited 58th annual report 2023-24, SICOM Limited 60th annual report 2025-26.
Credit rating. No rating assigned by any credit rating agency in FY2025-26, per the notes to accounts (FY2025-26) SICOM Limited 60th annual report 2025-26
Ownership
Shareholding pattern
Who owns the company
49.1%Government of Maharashtra (promoter)
- Largest holder
- 49.1%
- Top 3 together
- 88.3%
- Holders named
- 4
- Government of Maharashtra (promoter)49.07%
- Dhanavah Media Private Limited24.00%
- JCF Bin II15.24%
- Gabbro Limited3.99%
- Total92.30%
Read from: SICOM Limited 60th annual report 2025-26
Leadership
Management
Radhakrishnan B, IAS
Managing Director (representing Government of Maharashtra)
Nitin Mahajan
Deputy Managing Director & Chief Financial Officer
Dr P. Anbalagan
Nominee Director representing Government of Maharashtra (Principal Secretary, Industries)
Deependra Singh Kushwah
Nominee Director representing Government of Maharashtra (CEO, MIDC)
Dr. Kadambari Balkawade
Nominee Director representing Government of Maharashtra (Development Commissioner, Industries)
Rahul Gupta
Nominee Director representing J.C. Flowers & Co. LLC (JCF Bin II, II-A, II-B)
Siddharth Mehta
Non-Executive and Independent Director
Sandeep Chitnis
Non-Executive and Independent Director
Read from: Company website, Board of Directors, Company website, Key Managerial Person page
Corporate calendar
Events
- 30 Sept 2026AGM60th annual general meeting called by video conference to adopt FY2025-26 accounts and appoint a Government of Maharashtra nominee directorOpen
- 8 Sept 2026ResultsBoard signed off audited FY2025-26 accounts: consolidated profit of ₹21.05 crore after a loss the year before; no dividendOpen
- 8 Apr 2025Regulator orderRBI cancelled the NBFC registration of subsidiary SICOM Investments & Finance Ltd at the subsidiary's own request, after it exited lendingOpen
Reports and filings
Annual reports and results
Each link opens the document where its publisher keeps it.
Before you buy
Six things to check on any unlisted share.
The same list applies to every stock. None of it is advice on this one.
The company's latest financials
Revenue, profit and debt for the last three years, from its audited annual report. Ask the desk for the most recent set.
What the price implies
Compare the price per share with earnings and book value per share, and with listed companies in the same business.
Whether a listing is planned
A company may file for an IPO, delay it or never list. A listing, its timing and its price are never certain.
How you would sell
There is no exchange for these shares. You sell by finding a buyer, which can take time and may be at a lower price.
Lock-in after a listing
Shares bought before an IPO are usually locked in for a period after the company lists. Confirm the current rule before you buy.
Tax on your gains
Unlisted shares are taxed differently from listed ones. Check your position with a tax adviser.
Questions
What buyers ask about this stock.
Not answered here? Ask the desk.
Inquire about SICOM India Limited on WhatsAppIs the price shown for SICOM India Limited final?
No. It is an indicative price per share. The desk confirms the price and the quantity available when you inquire, and the confirmed price is the one you deal at.
How do I buy these shares?
Press Inquire. It opens a WhatsApp chat with the desk, with this stock already named. After the price and quantity are agreed, a 10% advance locks the deal. Once your KYC is complete you pay the balance, and the shares are transferred to your demat account.
Do I pay anything on this website?
No. No payment is taken and no order is placed on this site. Payment details are shared by the desk only after the deal is agreed.
What do I need before I can buy?
A demat account in your name and the documents for KYC: your identity and demat account details are verified before any deal, as the regulations require.
Can I sell my SICOM India Limited shares to GrowFast?
GrowFast buys as well as sells. Press Inquire and tell the desk how many shares you hold; it will come back with what it can offer.
How do I sell SICOM India Limited shares I already hold?
Tell the desk how many you hold. If a price is agreed, you transfer the shares from your demat account with a delivery instruction to your depository participant (a DIS, or its online equivalent), and payment follows as agreed with the desk.
Is there a lock-in if the company lists?
Shares held before an IPO are generally locked in for a period after the listing under SEBI's rules, which have changed over time. Ask the desk for the rule that applies today before you buy.
Is buying unlisted shares legal in India?
Yes. Shares of an unlisted company can be bought and sold privately and are transferred between demat accounts. They are not traded on a stock exchange, so the protections of an exchange do not apply.
What is the minimum I can buy?
It differs by stock and by what the desk holds at the time. The desk confirms the minimum quantity when you inquire.
What is an ISIN?
The 12-character code that identifies a security. It is how your depository knows exactly which share is being transferred to your demat account.
Why are unlisted shares riskier than listed ones?
Prices are indicative and can change without notice. Unlisted shares are illiquid: you may not be able to sell when you want to, or at the price shown.
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Risk disclosure
Prices on this site are indicative, quoted per share, and are not an offer to buy or sell. The price and quantity for any deal are confirmed by GrowFast's desk at the time you deal.
Unlisted, pre-IPO and delisted shares are not traded on a stock exchange. They are illiquid, their prices can move sharply, and you may be unable to sell them when you wish or at all. A company that is expected to list may not do so.
Nothing on this site is investment advice or a promise of returns. Past prices do not predict future prices. Consider your own circumstances, and take independent advice, before you invest.
Inquire opens a WhatsApp chat with GrowFast. No payment is taken and no order is placed on this site.
GrowFast is not affiliated with, sponsored by or endorsed by SICOM India Limited. Its name and logo belong to their owner and are shown only to identify the company. Figures about it come from published sources and have not been audited by GrowFast. See the Terms and Conditions.