Stanrose Mafatlal Investments and Finance

What Stanrose Mafatlal Investments and Finance does

Stanrose Mafatlal Investments and Finance Limited is a publicly listed Indian Non-Banking Financial Company (NBFC), headquartered in Ahmedabad with a corporate office in Mumbai. Incorporated on April 17, 1980 as Sandeep Holdings Limited, it was renamed Stanrose Mafatlal Investments and Finance Limited in 1981-82 following a preferential share issue to the shareholders of Mafatlal Industries Limited. Operating within the Stanrose Mafatlal Group, the company is engaged in inter-corporate investments, financing activities, and capital market operations. Its equity shares are listed on the Bombay Stock Exchange (BSE: STANROS), and it serves a retail shareholder base of approximately 22,000 investors. The company does not offer discrete technology products, does not employ a salesforce or consumer-facing marketing channels, and stakeholder communications are conducted through BSE filings, mandatory newspaper publications, and an investor relations website portal.

The company's principal activity is managing an equity investment portfolio concentrated in blue-chip listed entities, anchored by a strategic controlling interest in Standard Industries Limited, the Group's flagship operating company. Stanrose holds two subsidiaries: Stan Plaza Limited (engaged in real estate) and Stanrose Mafatlal Lubechem Limited, which has been in liquidation under the Official Liquidator since June 10, 2011 following a High Court of Mumbai order. The company has no proprietary technology stack, no AI/ML capabilities, and no integration or API footprint; its core operations rest on traditional NBFC infrastructure and direct corporate investment management.

Financially, the company operates at a modest scale, reporting FY2023-24 standalone revenue of approximately INR 1.39 crore (USD ~$166K) alongside a net loss of INR 7.44 crore after tax, with March 2026 consolidated net sales of INR 1.72 crore and a net loss of INR 0.89 crore. Revenue streams derive from returns on the equity portfolio and capital-market participation rather than fee-based financial services. Net worth is approximately INR 47.46 crore (FY2023-24) against paid-up capital of INR 3.97 crore. The company has executed three bonus issues to date and historically paid dividends — including Rs. 6 per share (60%) for FY2019-20 — reflecting a shareholder-return posture rather than an operating growth posture.

Name

Stanrose Mafatlal Investments and Finance

Legal name

Stanrose Mafatlal Investments and Finance Limited

Website

https://stanrosefinvest.com

Company type

Public

Founded year

1980

Operating status

Operating

Headcount range

1–10 employees

Short description

Stanrose Mafatlal Investments and Finance Limited is a publicly listed Indian NBFC that manages a blue-chip equity investment portfolio for approximately 22,000 retail shareholders and holds a controlling interest in group flagship Standard Industries Limited.

Ownership category

akta.pro rank

Product category

Non-Banking Financial Services

NAICS

All Other Financial Investment Activities (52399)

SIC

Miscellaneous Business Credit Institution (6159)

akta.pro primary industry

Corporate LP Programs (Corporate as LP in VC/PE funds) (FSANAHAH)

Keywords

• Non-banking financial services
• Inter-corporate investments
• Equity portfolio management
• Investment holding company
• Capital market financing

Headquarters

HQ city

Ahmedabad

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Inter-corporate investments: Managing a portfolio of equity investments in prominent blue-chip companies. The company holds a strategic controlling interest in Standard Industries Limited and maintains investments in various listed entities.
2. Financing and capital market activities: Core NBFC operations involving financing activities and capital market investments. Revenue is generated through returns on equity portfolio and financial services.

Distribution channels1 record

Marketing channels3 records

Core offering

Stanrose Mafatlal Investments and Finance Limited is a public listed Non-Banking Financial Company (NBFC) that engages in inter-corporate investments, financing activities, and capital market operations. The company holds a controlling interest in Standard Industries Limited and maintains a diversified equity portfolio concentrated in blue-chip companies, managing capital to deliver long-term value to approximately 22,000 shareholders.

Product overview

Stanrose Mafatlal Investments and Finance Limited is a Non-Banking Financial Company (NBFC) that operates as a unified financial services entity. The company is engaged in inter-corporate investments, financing activities, and capital market operations. Its core business includes managing and maintaining a portfolio of equity investments in prominent blue-chip companies, while holding a strategic controlling interest in Standard Industries Limited, the Group's flagship entity. The company has two subsidiary companies: Stan Plaza Limited and Stanrose Mafatlal Lubechem Limited (currently in liquidation). The NBFC offers no discrete technology products or software modules; its service portfolio consists of traditional financial services including corporate investment management, capital market investments, and financing solutions delivered directly to customers through its established NBFC infrastructure.

Differentiator

Problem solved

Functional benefit

Quantifiable outcome

• Three bonus issues announced to date
• +1 more outcomes

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

Four partnerships are on record, tiered core and minor.

• Stan Plaza LimitedcoreOthersStan Plaza Limited is a subsidiary of Stanrose Mafatlal Investments and Finance Limited. Financial statements for FY 2020-21 through FY 2023-24 are published on the parent company's website. The subsidiary is engaged in real estate activities and is part of the Stanrose Mafatlal Group structure.
• Stanrose Mafatlal Lubechem LimitedminorOthersStanrose Mafatlal Lubechem Limited – In Liquidation is a substantially owned subsidiary that has been ordered to wind-up by the High Court of Mumbai vide its Order dated June 10, 2011, with the Official Liquidator taking charge of its assets and affairs under the Companies Act, 1956 provisions.
• Standard Industries LimitedcoreOthersStandard Industries Limited is the flagship entity of the Stanrose Mafatlal Group. Stanrose Mafatlal Investments holds a strategic controlling interest in Standard Industries Limited, which serves as the primary operating business within the group. Mr. Pradeep R. Mafatlal is Chairman of both entities.
• Link Intime India Pvt. LtdminorOthersLink Intime India Pvt. Ltd – Ahmedabad serves as the full-fledged Registrar and Transfer Agent (R&T Agent) for both physical and demat shareholdings. All shareholder communication related to share transfers, KYC updates, and nominations is routed through this RTA partner.

Scale indicators4 records

Recent moves5 records

Expansion highlights3 records

Broad incumbents

• IDFC First Bank: Indian universal bank emerging from the IDFC group's NBFC and infrastructure finance origins. Comparable as a listed Indian financial entity with roots in inter-corporate and infrastructure lending, though now operating as a full-service bank.
• Kotak Mahindra Bank: Major Indian private sector bank with NBFC arm and broad financial services portfolio. A broad incumbent sharing India's listed-finance regulatory environment but operating at vastly larger scale across consumer, corporate, and capital markets products.
• Bajaj Finance: One of India's largest diversified NBFCs offering consumer, SME, commercial, and wealth lending products. A broader incumbent that shares the listed NBFC regulatory framework but operates at vastly greater scale across multiple lending verticals.
• Piramal Enterprises: Diversified Indian financial and pharmaceutical conglomerate with NBFC operations in retail and wholesale lending. A broader incumbent comparable in regulatory classification but with significantly larger scale and operating complexity.
• Aditya Birla Capital: Listed holding company for the Aditya Birla Group's financial services businesses, including NBFC, asset management, insurance, and lending. Directly comparable to Stanrose as a listed Indian investment-holding structure atop a conglomerate's financial services.

Others

• LIC of India: India's largest institutional investor and life insurer with significant listed-equity and inter-corporate investment activity. Thematically comparable as a major Indian institutional holder of blue-chip equity portfolios, though LIC operates at dramatically greater scale and as an insurer rather than NBFC.

Direct peers

• Shriram Finance: Large Indian NBFC focused on commercial vehicle finance, financial services, and wealth management. Comparable as a listed Indian NBFC with a similar regulatory classification and a diversified portfolio of financial services products.
• Cholamandalam Investment and Finance Company: India-listed NBFC engaged in vehicle finance, home equity loans, and SME lending. Comparable to Stanrose as a publicly listed Indian NBFC operating under RBI regulations, though considerably larger and focused on operating lending rather than investment holding.
• Mahindra & Mahindra Financial Services: Listed Indian NBFC focused on rural and semi-urban lending, asset financing, and SME credit. Comparable as a listed NBFC subsidiary of a diversified Indian conglomerate, similar in corporate structure to Stanrose's relationship with the Mafatlal Group.
• IIFL Holdings: India-listed financial services group offering capital markets, lending, wealth management, and asset management. Comparable to Stanrose's NBFC/capital markets profile with an investment portfolio orientation toward Indian equities and structured finance.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat3 records

Key risks4 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles5 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Stanrose Mafatlal Investments and Finance