Bombay Oxygen Investments

What Bombay Oxygen Investments does

Bombay Oxygen Investments Limited is a BSE-listed (Scrip Code: 509470) Non-Banking Financial Company (NBFC) registered with the Reserve Bank of India, headquartered at 22/B Mittal Tower, Nariman Point, Mumbai. Originally incorporated on 3 October 1960 as Bombay Oxygen Corporation Limited to manufacture and supply industrial gases, the company discontinued that business effective 1 August 2019 and rebranded to its current name on 3 October 2018. It now operates exclusively as a financial investment vehicle, generating revenue from returns on a portfolio of shares, mutual funds and other financial securities, and distributing dividends to its 150,000-share shareholder base (73.29% promoter-held by the Ruia family, 26.71% public float).

The company's product surface is non-operational: there are no technology products, services, manufacturing lines, or active customer-acquisition motions. Its core activity is portfolio management of liquid financial investments, with shareholder communications conducted through BSE/SEBI regulatory filings and a basic investor relations website (bomoxy.com). The business has a small team (51–100 employees) and minimal operating overhead, consistent with a holding-company wrapper around a relatively modest investment book.

The revenue model is investment-income-driven and inherently volatile. Quarterly sales have swung from negative Rs 35.55 crore (Q4 FY2026) to positive Rs 10.41 crore (Q3 FY2026), with a full-year FY2026 net loss of Rs 3.24 crore reversing a prior-year profit of Rs 17.51 crore. The company has paid 22 dividends since September 2003 and most recently declared Rs 35 per share, but its current 0.10% dividend yield at a per-share price of Rs 25,199.80 indicates the equity is priced primarily on net asset value rather than yield. There are no enterprise customers, no pricing tiers for services, and no go-to-market motion beyond maintaining its listed status and complying with NBFC regulations.

Name

Bombay Oxygen Investments

Legal name

BOMBAY OXYGEN INVESTMENTS LIMITED

Website

https://bomoxy.com

Company type

Public

Founded year

1960

Operating status

Operating

Headcount range

51–100 employees

Short description

Bombay Oxygen Investments Limited is a BSE-listed Mumbai-based NBFC that operates as a financial investment holding vehicle, generating income from a portfolio of shares, mutual funds and securities for its promoter-controlled (73.29%) shareholder base of 150,000 shares.

Ownership category

akta.pro rank

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices1 record

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations, Others

Revenue model

1. Financial Investment Income: Income from financial investments in the form of shares, mutual funds, and other financial securities is the primary source of revenue. The company also holds NBFC status enabling it to carry on non-banking financial institution business.
2. Sales Revenue: Sales revenue reported with significant volatility - negative sales of Rs 35.55 crore in Q4 FY2026. The company has shown inconsistent sales figures including negative sales in certain periods.

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

Bombay Oxygen Investments is a Non-Banking Financial Institution (NBFC) registered with the Reserve Bank of India that owns and manages a portfolio of financial investments in shares, mutual funds, and other financial securities. The company's primary business of manufacturing and supplying industrial gases was discontinued from 1st August 2019, after which it pivoted to managing its existing capital pool through financial investments and distributing returns to shareholders via dividends.

Product overview

Bombay Oxygen Investments Limited is a financial investment company and Non-Banking Financial Institution (NBFC) registered with the Reserve Bank of India. The company's primary business was manufacturing and supplying Industrial Gases, which was discontinued from 1st August 2019. The company now derives its revenue from financial investments in shares, mutual funds, and other financial securities. As an NBFC without accepting public deposits, Bombay Oxygen Investments operates as a public limited company listed on BSE Limited (Scrip Code: 509470). The company does not offer technology products or services.

Differentiator

Problem solved

Functional benefit

Products and services

• Non-Banking Financial Institution (NBFC) Investment Portfolio Holding and management of a portfolio of shares, mutual funds and other financial securities under an RBI NBFC registration (Certificate of Registration dated 31st December 2019), generating investment income for distribution to BSE-listed shareholders. Primary revenue stream of the company since the August 2019 discontinuation of the prior industrial gases manufacturing business.

Quantifiable outcome

• 95.20% operating profit margin in Q3 FY2026

Segments1 record

Ideal customer profiles1 record

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Scale indicators6 records

Recent moves9 records

Expansion highlights3 records

Direct peers

• Bombay Burmah Trading Corporation Limited: Historic Indian holding/investment company listed on BSE with diversified equity and financial-asset holdings; comparable legacy holding company with promoter control and investment-income driven economics.
• Wealth First Portfolio Managers Limited: Indian listed NBFC engaged in investment and trading in securities; comparable as a small-cap, listed financial-investment entity operating under an NBFC framework.
• Maharashtra Scooters Limited: Listed Indian investment company that primarily holds strategic stakes in group companies and financial securities, generating dividend and investment income; comparable microcap, promoter-controlled, capital-allocation-focused listed entity.
• JSW Holdings Limited: Listed Indian holding/investment company that invests in group and non-group equities and securities; comparable as a listed investment vehicle deriving income from financial assets with promoter-led governance.
• Pilani Investments and Industries Corporation Limited: Indian listed investment company holding diversified portfolio of listed/unlisted securities; comparable as a small-cap, promoter-driven listed vehicle focused on capital-markets income.
• Tata Investment Corporation Limited: Indian listed investment company holding equity, debt, and mutual-fund portfolios; structurally very similar as a BSE-listed, family/promoter-controlled investment vehicle earning dividend and capital-gains income rather than operating revenue.

Broad incumbents

• L&T Finance Holdings Limited: Large Indian listed NBFC holding company; comparable regulatory positioning as an RBI-registered NBFC, but with active lending and financial-services operations rather than passive investment income.
• Cholamandalam Investment and Finance Company Limited: Major Indian listed NBFC; comparable as a publicly listed, RBI-registered non-deposit NBFC generating income from financial assets and lending activity, though at materially larger scale.
• Bajaj Finserv Limited: Large Indian listed holding company for NBFC, insurance, and financial-services businesses; comparable as a listed investment/holding vehicle in the financial sector, though at vastly greater scale and operating breadth than Bombay Oxygen.
• IIFL Holdings Limited (IIFL Finance): Indian listed diversified financial-services/NBFC group with investments, lending, and capital-markets activity; comparable as a listed NBFC operating across Indian financial markets, but with active businesses rather than a passive investment-only model.

Market position

Strengths3 records

Weaknesses3 records

Competitive moat3 records

Key risks5 records

Key highlights5 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles8 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 Bombay Oxygen Investments