About Industrial & Prudential Investment Company Ltd
The Industrial & Prudential Investment Company, founded in August 1913 in Mumbai, is a longstanding zero-debt investment firm focused on long-term equity investments. As a Non-Banking Financial Company (NBFC), it aims to create value for stakeholders through strategic equity holdings. The company has a robust investment portfolio, with significant equity positions in major companies like Reliance Communication, Siemens, Dr. Reddy's, and Infosys, among others. The acquisition cost of its quoted equity holdings stands at approximately Rs. 7.11 crores. Known for its conservative management style, the company avoids frequent portfolio churning.
A significant development in 2022-23 was the merger of its wholly-owned subsidiary, New Holding & Trading Co Ltd, into the parent company, streamlining operations. The Industrial & Prudential Investment Company maintains a notable 20% stake in KSB Pumps and holds substantial shares in companies like TCS and Bharat Electronics, reflecting its commitment to long-term investment strategies.
