SIL Investments

  • Market Cap: Micro Cap
  • Industry: Holding Company
  • ISIN: INE923A01015
  • NSEID: SILINV
  • BSEID: 521194
INR
445.00
-11.65 (-2.55%)
BSENSE

Feb 13

BSE+NSE Vol: 3.48 k

  • Price Points
  • Score
  • Mojo Parameters
  • Total Return
  • News and Corporate Actions
  • Key factors
  • Shareholding
  • Financials
  • CompanyCV
stock-summaryPrice Point
High/Low

1Day

52 Week

Valuation
Technical
Day's Volume

CASH

3.48 k (41.46%) Volume

Shareholding (Dec 2025)

FII

0.09%

Held by 2 FIIs

DII

0.05%

Held by 0 DIIs

Promoter

63.79%

Has SIL Investments declared dividend?

06-Jun-2025

Yes, SIL Investments Ltd has declared a 25% dividend, amounting to ₹2.5 per share, with an ex-date of July 23, 2024. While short-term returns have been negative, the company has shown significant growth over the longer term, particularly a total return of 444.46% over the past 5 years.

SIL Investments Ltd has declared a 25% dividend.<BR><BR>Dividend Details:<BR>- Percentage announced: 25%<BR>- Amount per share: 2.5<BR>- Ex-date: 23 Jul 24<BR><BR>Dividend Yield: 0.41%.<BR><BR>Total Returns by Period:<BR>In the last 6 months, the price return was -13.84%, with a dividend return of 0%, resulting in a total return of -13.84%.<BR><BR>Over the past year, the price return was 28.92%, with a dividend return of 0.53%, leading to a total return of 29.45%.<BR><BR>In the 2-year period, the price return was 98.5%, the dividend return was 1.51%, culminating in a total return of 100.01%.<BR><BR>For the last 3 years, the price return was 98.72%, with a dividend return of 2.65%, resulting in a total return of 101.37%.<BR><BR>In the 4-year period, the price return was 159.68%, the dividend return was 3.61%, leading to a total return of 163.29%.<BR><BR>Over the last 5 years, the price return was 435.51%, with a dividend return of 8.95%, resulting in a total return of 444.46%.<BR><BR>Overall, SIL Investments has recently declared a dividend, and while the short-term returns have been negative, the longer-term returns demonstrate significant growth, particularly over the 5-year period.

View full answer

Who are the peers of the SIL Investments?

03-Jun-2025

Peers of SIL Investments include Bajaj Finserv, Bajaj Holdings, JSW Holdings, TVS Holdings, Mah. Scooters, ACME Solar Hold., Choice Intl., JM Financial, and Tamboli Industri. SIL Investments has below average management and growth risk, with a 1-year return of 27.81%.

Peers: The peers of SIL Investments are Bajaj Finserv, Bajaj Holdings, JSW Holdings, TVS Holdings, Mah. Scooters, ACME Solar Hold., Choice Intl., JM Financial, Tamboli Industri.<BR><BR>Quality Snapshot: Excellent management risk is observed at Bajaj Finserv and TVS Holdings, while Average management risk is found at Bajaj Holdings, JSW Holdings, Choice Intl., and JM Financial, and the rest. Below Average management risk is noted for Mah. Scooters, ACME Solar Hold., SIL Investments, Tamboli Industri. For Growth, Excellent growth is seen at TVS Holdings, ACME Solar Hold., and Choice Intl., while Average growth is found at Bajaj Finserv, Bajaj Holdings, JSW Holdings, Mah. Scooters, and the rest. Below Average growth is noted for SIL Investments and Tamboli Industri. In terms of Capital Structure, Excellent capital structure is observed at Bajaj Holdings, JSW Holdings, Mah. Scooters, Choice Intl., JM Financial, SIL Investments, and Tamboli Industri, while Below Average capital structure is noted for TVS Holdings and ACME Solar Hold.<BR><BR>Return Snapshot: The peer with the highest 1-year return is JSW Holdings at 239.14%, while the lowest is ACME Solar Hold. with N/A, and SIL Investments has a 1-year return of 27.81%. Additionally, peers with negative six-month returns include TVS Holdings and ACME Solar Hold.

View full answer

Is SIL Investments overvalued or undervalued?

09-Jun-2025

As of February 1, 2024, SIL Investments is considered overvalued with a PE ratio of 20.39, an EV to EBITDA of 12.85, and a PEG ratio of 1.71, showing mixed stock performance with a 1-year return of 28.15% but a year-to-date decline of 9.43%.

As of 1 February 2024, SIL Investments has moved from an attractive to a very expensive valuation grade. The company is currently considered overvalued. Key ratios include a PE ratio of 20.39, an EV to EBITDA of 12.85, and a PEG ratio of 1.71, which indicate that the stock is priced high relative to its earnings growth potential.<BR><BR>In comparison to its peers, SIL Investments' PE ratio is significantly higher than Life Insurance, which has a PE of 12.54 and is rated fair, while Bajaj Finance is also categorized as very expensive with a PE of 35.01. The company's recent stock performance has been mixed, showing a 1-year return of 28.15%, which outperforms the Sensex's 7.62% but has underperformed in the year-to-date comparison with a decline of 9.43% against the Sensex's 5.63%.

View full answer

Who are in the management team of SIL Investments?

16-Jul-2025

As of March 2023, the management team of SIL Investments includes C S Nopany (Chairman), Shalini Nopany (Managing Director), and several non-executive and independent directors, including Sanjay Goenka, Abhrajit Dutta, and Shrikant Mantri, along with Lokesh Gandhi (Company Secretary) and Brij Mohan Agarwal (Director in charge). Each member contributes to the company's governance and operational oversight.

As of March 2023, the management team of SIL Investments includes the following individuals:<BR><BR>1. C S Nopany - Chairman (Non-Executive)<BR>2. Sanjay Goenka - Non-Executive & Independent Director<BR>3. Shalini Nopany - Managing Director<BR>4. Lokesh Gandhi - Company Secretary & Compliance Officer<BR>5. Brij Mohan Agarwal - Director (Incharge)<BR>6. Abhrajit Dutta - Non-Executive & Independent Director<BR>7. Shrikant Mantri - Non-Executive & Independent Director<BR><BR>Each member plays a significant role in the governance and operational oversight of the company.

View full answer

What does SIL Investments do?

17-Jul-2025

SIL Investments Ltd is a micro-cap holding company focused on commercial finance and investments, with a market cap of INR 637 Cr. As of March 2025, it reported net sales of 6 Cr and a net loss of 27 Cr.

Overview:<BR>SIL Investments Ltd is a holding company operating in the micro-cap category, focusing on commercial finance and investments.<BR><BR>History:<BR>Incorporated in November 1934, originally as Sutlej Cotton Mills Limited, the company was renamed Sutlej Industries Limited until 2005. The latest quarterly results reported net sales and profit for March 2025.<BR><BR>Financial Snapshot:<BR>Net Sales: 6 Cr (Quarterly Results - Mar 2025) <BR>Net Profit: -27 Cr (Quarterly Results - Mar 2025) <BR>Market Cap: INR 637 Cr (Micro Cap)<BR><BR>Key Metrics:<BR>P/E: 21.00 <BR>Industry P/E: 23 <BR>Dividend Yield: 0.42% <BR>Debt-Equity: 0.00 <BR>Return on Equity: 0.98% <BR>Price to Book: 0.20<BR><BR>Contact Details:<BR>Address: Pachpahar Road, Bhawanimandi Rajasthan: 326502 <BR>Tel: 91-7433-222052/82/90/222115 <BR>Email: cs@silinvestments.in/hoffice@sutlej <BR>Website: http://www.silinvestments.in

View full answer

Who are the top shareholders of the SIL Investments?

17-Jul-2025

The top shareholders of SIL Investments are Ganges Securities Limited with 19.06%, Birla Institute of Technology and Science at 7.1%, and individual investors holding 16.84%. There are no pledged promoter holdings or mutual funds invested in the company.

The top shareholders of SIL Investments include Ganges Securities Limited, which holds the highest stake at 19.06%. Other significant shareholders are the Birla Institute of Technology and Science, with a holding of 7.1%, and individual investors collectively holding 16.84%. Additionally, there is one foreign institutional investor (FII) that holds 0.09% of the shares. Notably, there are no pledged promoter holdings and no mutual funds currently invested in the company.

View full answer

How big is SIL Investments?

24-Jul-2025

As of 24th July, SIL Investments Ltd has a market capitalization of 638.00 Cr, with recent Net Sales of 54.82 Cr and a Net Profit of 30.93 Cr. Shareholder's Funds are 3,145.36 Cr and Total Assets are 3,538.75 Cr as of March 2025.

As of 24th July, SIL Investments Ltd has a market capitalization of 638.00 Cr, categorizing it as a Micro Cap company.<BR><BR>In the latest four quarters, SIL Investments reported Net Sales of 54.82 Cr and a Net Profit of 30.93 Cr.<BR><BR>The latest annual period for the balance sheet is March 2025, with Shareholder's Funds amounting to 3,145.36 Cr and Total Assets of 3,538.75 Cr.

View full answer

How has been the historical performance of SIL Investments?

03-Dec-2025

SIL Investments has shown steady growth in net sales and profitability, with net sales reaching 54.82 Cr and profit after tax at 31.29 Cr as of March 2025. The company has also demonstrated significant asset growth, maintaining a debt-free status.

Answer:<BR>The historical performance of SIL Investments shows a steady growth in net sales and profitability over the years, with the latest figures for March 2025 indicating net sales of 54.82 Cr and a profit after tax of 31.29 Cr.<BR><BR>Breakdown:<BR>SIL Investments has demonstrated a consistent increase in net sales from 25.69 Cr in March 2019 to 54.82 Cr in March 2025, with a notable rise from 50.96 Cr in March 2024. The total operating income followed a similar trend, reaching 54.82 Cr in March 2025. Operating profit (PBDIT) also saw growth, climbing to 44.46 Cr in March 2025 from 25.17 Cr in March 2019. Profit before tax increased to 41.89 Cr in March 2025, while profit after tax reached 31.29 Cr, reflecting a robust performance despite fluctuations in previous years. The company's total assets rose significantly to 3,538.75 Cr in March 2025, up from 760.90 Cr in March 2020, indicating strong asset growth. Additionally, total liabilities increased to 3,538.75 Cr in March 2025, with no long-term or short-term borrowings reported, showcasing a debt-free status. Cash flow from operating activities decreased to 9.00 Cr in March 2025, while the closing cash and cash equivalents stood at 13.00 Cr, down from 20.00 Cr in March 2024. Overall, SIL Investments has shown a positive trajectory in its financial performance over the years.

View full answer

Is SIL Investments technically bullish or bearish?

04-Dec-2025

As of December 3, 2025, SIL Investments is in a mildly bearish trend, indicated by bearish weekly MACD and Bollinger Bands, despite a mildly bullish daily moving average, and has underperformed compared to the Sensex over the past month and year.

As of 3 December 2025, the technical trend has changed from sideways to mildly bearish. The current technical stance for SIL Investments is mildly bearish. Key indicators driving this stance include the weekly MACD and Bollinger Bands both indicating bearish conditions, while the monthly MACD is mildly bearish. The Dow Theory also reflects a mildly bearish outlook on both weekly and monthly time frames. Although the daily moving averages show a mildly bullish signal, the overall sentiment is tempered by the broader bearish indicators. The stock has underperformed significantly over the past month and year compared to the Sensex, further supporting the bearish outlook.

View full answer

When is the next results date for SIL Investments Ltd?

23-Jan-2026

The next results date for SIL Investments Ltd is 04 February 2026.

The next results date for SIL Investments Ltd is scheduled for 04 February 2026.

View full answer

Should I buy, sell or hold SIL Investments Ltd?

04-Feb-2026

Are SIL Investments Ltd latest results good or bad?

05-Feb-2026

SIL Investments Ltd's latest results show strong year-on-year growth in net sales (21.70%) and net profit (40.91%), but sequential declines in both metrics raise concerns about sustainability. Additionally, a low return on equity (1.34%) suggests potential issues with capital efficiency, indicating that investors should proceed with caution.

SIL Investments Ltd's latest results present a mixed picture. On one hand, the company reported a year-on-year growth in net sales of 21.70% and a consolidated net profit increase of 40.91% for Q3 FY26. These figures indicate strong performance compared to the same quarter last year, which is a positive sign.<BR><BR>However, there are significant concerns regarding the sustainability of this growth. The net sales declined by 5.06% compared to the previous quarter, and the net profit showed a slight decrease of 0.41% sequentially. This suggests that while the company has achieved impressive year-on-year growth, it is facing challenges in maintaining momentum on a quarter-to-quarter basis.<BR><BR>Additionally, the company's return on equity (ROE) is notably low at just 1.34%, which raises questions about its capital efficiency and overall financial health. The high profit after tax margin of 72.21% is striking but may not be sustainable, indicating potential issues with earnings quality.<BR><BR>In summary, while the year-on-year growth figures are encouraging, the sequential declines and low ROE indicate that SIL Investments faces significant challenges. Investors should be cautious and consider these factors when evaluating the company's performance.

View full answer

Why is SIL Investments Ltd falling/rising?

13-Feb-2026

As of 13-Feb, SIL Investments Ltd's stock price is Rs 445.00, down 2.55%, reflecting a bearish trend with consecutive losses and low trading volumes. The stock is underperforming against moving averages and is close to its 52-week low, indicating waning investor confidence.

As of 13-Feb, SIL Investments Ltd is experiencing a decline in its stock price, currently at Rs 445.00, which reflects a decrease of Rs 11.65 or 2.55%. This downward movement can be attributed to several factors highlighted in the recent performance data. <BR><BR>The stock has been underperforming, having lost value for three consecutive days, resulting in a total decline of 3.94% during this period. Additionally, it is currently trading below its 5-day, 20-day, 50-day, 100-day, and 200-day moving averages, indicating a bearish trend. The stock is also close to its 52-week low, being only 3.87% away from Rs 427.8.<BR><BR>Investor participation appears to be waning, as evidenced by a significant drop in delivery volume, which fell by 32.07% compared to the 5-day average. This reduced activity suggests a lack of confidence among investors, contributing to the stock's decline. Furthermore, the stock's performance over the past month shows a decrease of 6.34%, while the year-to-date performance reflects a more substantial drop of 13.56%. <BR><BR>Overall, the combination of consecutive losses, low trading volumes, and underperformance relative to benchmarks and moving averages are key factors driving the decline in SIL Investments Ltd's stock price.

View full answer
iScoreScore
Click here to find our call on this stock
Strong Sell
Sell
Hold
Buy
Strong Buy

Dashboard

1

Weak Long Term Fundamental Strength with an average Return on Equity (ROE) of 1.34%

  • Poor long term growth as Net Sales has grown by an annual rate of 9.47% and Operating profit at 6.50%
2

With ROE of 1.3, it has a Very Expensive valuation with a 0.2 Price to Book Value

3

Below par performance in long term as well as near term

stock-summaryMojo Parameters

Mojo Parameters

Loading Valuation Snapshot...

Stock DNA

stock-summary
Industry

Holding Company

stock-summary
Market cap

INR 469 Cr (Micro Cap)

stock-summary
P/E

11.00

stock-summary
Industry P/E

23

stock-summary
Dividend Yield

0.54%

stock-summary
Debt Equity

0.00

stock-summary
Return on Equity

1.34%

stock-summary
Price to Book

0.17

Revenue and Profits:
Net Sales:
27 Cr
(Quarterly Results - Dec 2025)
Net Profit:
19 Cr
stock-summaryTotal Returns
Total Returns (Price + Dividend) stock-summary
Dividend Yield (0.54%)
TimePeriod
Price Return
Dividend Return
Total Return
3 Months
-25.47%
0%
-25.47%
6 Months
-22.6%
0%
-22.6%
1 Year
-16.05%
0.51%
-15.54%
2 Years
3.49%
1.07%
4.56%
3 Years
38.65%
2.54%
41.19%
4 Years
44.48%
3.18%
47.66%
5 Years
109.12%
5.80%
114.92%

Latest dividend: 2.5 per share ex-dividend date: Jul-22-2025

Risk Adjusted Returns v/s stock-summary
Returns Beta
Icon
Beta has not been calculated since enough price history is not available
stock-summaryNews & Corporate Actions

News

Announcements stock-summary

Announcement under Regulation 30 (LODR)-Newspaper Publication

05-Feb-2026 | Source : BSE

Financial Results - Newspaper Publication

Announcement under Regulation 30 (LODR)-Newspaper Publication

05-Feb-2026 | Source : BSE

Special Window for Transfer and Dematerialisation of Physical Securities - Newspaper Publication

Results For Quarter Ended 31.12.2025

04-Feb-2026 | Source : BSE

Results for quarter ended 31.12.2025

Corporate Actions stock-summary

stock-summary
BOARD MEETING

No Upcoming Board Meetings

stock-summary
DIVIDEND

SIL Investments Ltd has declared 25% dividend, ex-date: 22 Jul 25

stock-summary
SPLITS

No Splits history available

stock-summary
BONUS

No Bonus history available

stock-summary
RIGHTS

No Rights history available

stock-summaryKey Factors

Quality key factors stock-summary

Factor
Value
Sales Growth (5y)
9.47%
EBIT Growth (5y)
6.50%
Net Debt to Equity (avg)
0
Institutional Holding
0.15%
ROE (avg)
1.34%

Valuation key factors

Factor
Value
P/E Ratio
11
Industry P/E
23
Price to Book Value
0.16
EV to EBIT
7.84
EV to EBITDA
7.48
EV to Capital Employed
0.16
EV to Sales
6.41
PEG Ratio
0.44
Dividend Yield
0.56%
ROCE (Latest)
1.74%
ROE (Latest)
1.34%

Technicals key factors

Indicator
Weekly
Monthly
MACD
Bearish
Mildly Bearish
RSI
No Signal
No Signal
Bollinger Bands
Mildly Bearish
Bearish
Moving Averages
Bearish (Daily)
KST
Bearish
Mildly Bearish
Dow Theory
Mildly Bullish
No Trend
OBV
Mildly Bullish
No Trend
stock-summary Technical Indicator Scale: Bearish, Mildly Bearish, Sideways, Mildly Bullish, Bullish  Turned 
stock-summaryShareholding
Shareholding Snapshot : Dec 2025stock-summary
Shareholding Compare (%holding) stock-summary
Majority shareholders

Promoters

Pledged Promoter Holdings

None

Mutual Funds

Held by 0 Schemes

FIIs

Held by 2 FIIs (0.09%)

Promoter with highest holding

Ganges Securities Limited (19.06%)

Highest Public shareholder

Birla Institute Of Technology And Science (7.1%)

Individual Investors Holdings

16.53%

stock-summaryFinancial
[
  {
    "link": "quarterly",
    "btn_text": "All Quarterly Results",
    "header": "Quarterly Results Snapshot (Consolidated) - Dec'25 - YoY",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in quarter ended Dec 2025 is 21.70% vs 5.47% in Dec 2024",
        "dir": 1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in quarter ended Dec 2025 is 40.91% vs 23.75% in Dec 2024",
        "dir": 1
      }
    ],
    "table": {
      "header": [
        "Dec'25",
        "Dec'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "27.20",
          "val2": "22.35",
          "chgp": "21.70%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "24.85",
          "val2": "18.00",
          "chgp": "38.06%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "19.46",
          "val2": "13.81",
          "chgp": "40.91%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "91.36%",
          "val2": "80.54%",
          "chgp": "10.82%",
          "chgp_class": "positive"
        }
      ]
    }
  },
  {
    "link": "half-yearly",
    "btn_text": "All Half Yearly Results",
    "alert": "No Half Yearly Results declared by SIL Investments"
  },
  {
    "link": "nine-monthly",
    "btn_text": "All Nine Monthly Results",
    "alert": "No Nine Monthly Results declared by SIL Investments"
  },
  {
    "link": "annual",
    "btn_text": "All Annual Results",
    "header": "Annual Results Snapshot (Consolidated) - Mar'25",
    "rhs": [
      {
        "prefix": "Net Sales ",
        "suffix": "YoY Growth in year ended Mar 2025 is 15.71% vs 16.26% in Mar 2024",
        "dir": -1
      },
      {
        "prefix": "Consolidated Net Profit ",
        "suffix": "YoY Growth in year ended Mar 2025 is 4.23% vs 4.93% in Mar 2024",
        "dir": -1
      }
    ],
    "table": {
      "header": [
        "Mar'25",
        "Mar'24",
        "Change(%)"
      ],
      "body": [
        {
          "field": "Net Sales",
          "val1": "57.74",
          "val2": "49.90",
          "chgp": "15.71%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit (PBDIT) excl Other Income",
          "val1": "44.21",
          "val2": "41.12",
          "chgp": "7.51%",
          "chgp_class": "positive"
        },
        {
          "field": "Interest",
          "val1": "0.00",
          "val2": "0.43",
          "chgp": "-100.00%",
          "chgp_class": "positive"
        },
        {
          "field": "Exceptional Items",
          "val1": "0.00",
          "val2": "0.00",
          "chgp": "",
          "chgp_class": "neutral"
        },
        {
          "field": "Consolidate Net Profit",
          "val1": "31.29",
          "val2": "30.02",
          "chgp": "4.23%",
          "chgp_class": "positive"
        },
        {
          "field": "Operating Profit Margin (Excl OI)",
          "val1": "72.61%",
          "val2": "79.60%",
          "chgp": "-6.99%",
          "chgp_class": "negative"
        }
      ]
    }
  }
]

Quarterly Results Snapshot (Consolidated) - Dec'25 - YoYstock-summary

Dec'25
Dec'24
Change(%)
Net Sales
27.20
22.35
21.70%
Operating Profit (PBDIT) excl Other Income
24.85
18.00
38.06%
Interest
0.00
0.00
Exceptional Items
0.00
0.00
Consolidate Net Profit
19.46
13.81
40.91%
Operating Profit Margin (Excl OI)
91.36%
80.54%
10.82%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in quarter ended Dec 2025 is 21.70% vs 5.47% in Dec 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in quarter ended Dec 2025 is 40.91% vs 23.75% in Dec 2024

Annual Results Snapshot (Consolidated) - Mar'25stock-summary

Mar'25
Mar'24
Change(%)
Net Sales
57.74
49.90
15.71%
Operating Profit (PBDIT) excl Other Income
44.21
41.12
7.51%
Interest
0.00
0.43
-100.00%
Exceptional Items
0.00
0.00
Consolidate Net Profit
31.29
30.02
4.23%
Operating Profit Margin (Excl OI)
72.61%
79.60%
-6.99%
Values in Rs Cr.
Direction Arrows
Net Sales

YoY Growth in year ended Mar 2025 is 15.71% vs 16.26% in Mar 2024

Direction Arrows
Consolidated Net Profit

YoY Growth in year ended Mar 2025 is 4.23% vs 4.93% in Mar 2024

stock-summaryCompany CV
About SIL Investments Ltd stock-summary
stock-summary
SIL Investments Ltd
Micro Cap
Holding Company
Promoted by Late Shri G. D. Birla in November 1934, SIL Investments Ltd originally known as Sutlej Cotton Mills Limited (SCML) came to be known as Sutlej Industries Limited upto 2005. SIL focuses on two broad categories: (i) Commercial Finance & (ii) Investments. Prior to this, the Company was engaged into spinning, processing and pressing of cotton yarn. In 1995-96, the Company undertook an expansion of 6048 spindles at its Kathua Unit.
Company Coordinates stock-summary
Company Details
Pachpahar Road , Bhawanimandi Rajasthan : 326502
stock-summary
Tel: 91-7433-222052/82/90/222115
stock-summary
cs@silinvestments.in/hoffice@sutlej
Registrar Details
Link Intime India Pvt Ltd, C-13 Pannalal Silk Compound, L B S Marg, Bhandup , Mumbai