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UNLISTED COMPANY PROFILE

MINOSHA INDIA LTD. (RICOH INDIA LTD.)

INDUSTRIALS LINE
INDICATIVE PRICE / SHARE
₹350
▲ +0.0% · 30-DAY
OTC REFERENCE PRICE · NOT AN OFFER TO DEAL
PRICE AS OF 02 SEPT 2026
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INDICATIVE PRICE HISTORY · DATED OBSERVATIONS SINCE 2026

PRICE HISTORY.

Use the left and right arrow keys to inspect dated observations. Home selects the first observation and End selects the latest.

₹412
₹350
25 Jun 2614 Aug 2602 Sept 26

ALL-TIME LOW
₹350
ALL-TIME HIGH
₹412
WINDOW
ALL
NOT A STOCK-EXCHANGE QUOTE · NOT AN OFFER TO DEAL
THE TIMETABLE · KEY NUMBERS

Key numbers

Published fundamentals and the date each figure was recorded.

CALCULATION METHOD →
Market cap
₹1,351 Cr
Latest available company data
Min. investment
₹10,500
Indicative price × lot size
Lot size
30
P/E ratio
15.14
P/B ratio
1.10
EPS
23.11
ROE
7.25%
Book value
₹318.76
Face value
₹10
ISIN
INE291B01031
Company security identifier
THE BUSINESS · HOW IT EARNS

Minosha India Limited sells office-imaging and production-print solutions, document-management systems and information-technology services. Its public materials describe printing and document solutions, cloud services and communication systems. The company operates across India through offices and business partners, supplying products and services to business customers. It acts as a system integrator on IT-services projects, including projects for central and state government in education, healthcare, e-governance and citizen-centric programmes. The annual report refers to an Indian government and TCIL rural information and communication technology project for post offices, for which Minosha provided hardware delivery and operations and maintenance services. It also markets Ricoh-branded equipment as an authorised distributor. Its revenue model therefore includes sale and distribution of office-imaging equipment, production-print products, consumables and document solutions, alongside project implementation, technology integration, cloud or communication services and related maintenance or support.

About this company

Minosha India Ltd., formerly Ricoh India Ltd., is a Mumbai-headquartered company operating in the office automation and document-technology space. Incorporated in 1993, it provides office imaging and printing equipment, multifunction printers, document management and digital workflow solutions, and related managed IT and maintenance services to enterprise customers across India. The company is a notable unlisted name because its predecessor, Ricoh India, was earlier listed on Indian stock exchanges before being delisted in 2019 following a corporate insolvency resolution process, after which it was renamed and now operates under new ownership as an unlisted public company. Its shares change hands in the private/unlisted market rather than on a stock exchange. As with all unlisted and pre-IPO securities, these shares carry higher risk and lower liquidity than listed stocks, since there is no continuous exchange-based market and any prices quoted by intermediaries are indicative and may vary. This page is provided for informational purposes only and does not constitute investment advice.

COMPANY AT A GLANCE
Sector lineIndustrials
SettlementNSDL / CDSL
Incorporated1993
Listing statusUnlisted / Pre-IPO
*INDICATIVE · TIMELINE MAY CHANGE · NOTHING FINAL UNTIL THE RHP

COMPANY REGISTRY · ON FILE

PUBLIC OR ADMIN-SUPPLIED DATA · VERIFY INDEPENDENTLY
CIN
U74940MH1993PLC074694
PAN
AAACR4151J
Incorporated
1993
Outstanding shares
4,79,06,784 (FY2023 audited; subsequently reduced to ~2.73 crore via FY24 buyback/capital reduction; current paid-up capital ~Rs 27.27 Cr)
Registered office
218, 2nd Floor, Marathon Monte Plaza, Opp. P & T Colony, Madan Mohan Malviya Road, Off LBS Marg, Mulund (West), Mumbai, Maharashtra 400080, India
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THE LOGBOOK · FINANCIALS BY YEAR

WHAT THE ENGINE HAS DONE.

AMOUNT UNIT NOT VERIFIEDFY20FY21FY22FY23FY24
REVENUE46,16131,44128,87836,95233,300
PAT-1,9303,2366,25811,069
EPS (₹)-571323
PAT MARGIN-4%10%22%30%
CAUTION · AMOUNT UNIT AND FIELD-LEVEL SOURCES HAVE NOT BEEN VERIFIED · DO NOT RELY ON THESE FIGURES WITHOUT CHECKING THE COMPANY FILING

THE CREW · BOARD & MANAGEMENT

Kalpraj Damji Dharamshi
Chairman / Director
Atul Ramniklal Thakker
Managing Director
Aniket Dharamshi
Executive Director
Ajay Kumar Mishra
Chief Financial Officer
Mamta Surkali
Company Secretary
Deepak Valji Gala
Director
Arti Arvind Sanganeria
Director
Paolomi Kalpraj Dharamshi
Director
COMPANY TIMELINE · EVENTS
NCLT approved the company's capital-reduction proposal; the company states it completed payments for extinguishment of shares held by minority shareholders. (19 May 2023)
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THE GLOVEBOX · ANNUAL REPORTS
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NON-BINDING · NO PAYMENT · NOT AN OFFER TO DEAL
RESEARCH DESK · QUESTIONS

COMMON QUESTIONS.

Is Minosha India Ltd. (Ricoh India Ltd.) listed on the stock exchange?+

No. As of 2 September 2026, Minosha India Ltd. (Ricoh India Ltd.) is an unlisted company whose shares trade over-the-counter; it would list only if and when it completes an IPO.

What is the Minosha India Ltd. (Ricoh India Ltd.) unlisted share price?+

As of 2 September 2026, the indicative unlisted share price of Minosha India Ltd. (Ricoh India Ltd.) is ₹350 per share. This is an over-the-counter reference price, not a stock-exchange quote.

What indicative minimum amount is displayed for Minosha India Ltd. (Ricoh India Ltd.) unlisted shares?+

The displayed unit count is 30 share(s); at the indicative price of about ₹350, the displayed amount is approximately ₹10,500. This is a display convention, not evidence of inventory, an order minimum or a quote.

What is the ISIN of Minosha India Ltd. (Ricoh India Ltd.)?+

The recorded ISIN of Minosha India Ltd. (Ricoh India Ltd.) is INE291B01031. An ISIN is a 12-character security identifier. Verify it against the issuer and the relevant depository record before using it for any transfer or documentation.

Is trading in Minosha India Ltd. (Ricoh India Ltd.) unlisted shares legal in India?+

Unlisted shares can be transferred off-market in India, but the legal, tax and compliance position depends on the security, parties, documents and current rules. Verify the intermediary, issuer restrictions and applicable requirements before proceeding.

Is there a lock-in period for unlisted shares?+

A post-listing lock-in may apply under the rules in force at the time. The period and any exemptions can depend on the holder and acquisition, so check the current regulation and the issuer's offer documents rather than relying on a generic period.

Do you guarantee returns?+

No. Unlisted shares carry higher risk and lower liquidity than listed shares. Returns depend on company performance, market conditions and future listing outcomes. This is information only, not investment advice.

SIMILAR COMPANY PROFILES
INDUSTRIALS LINE.
Prices shown are indicative over-the-counter reference prices, not an offer to deal. This page is information only and not investment advice. Unlisted shares carry higher risk and lower liquidity than listed shares. Settlement to your own demat account via NSDL / CDSL through registered intermediaries.
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