The Industrial & Prudential Investment Company, headquartered in Mumbai and boasting a 90-year legacy, operates as a debt-free entity. Its subsidiary, New Holding & Trading Company, shares this financial stability and possesses a commendable equity investment portfolio. With roots in Mumbai, India, the company announced its intention in 2000 to transfer 17,28,000 shares from its wholly-owned subsidiary, New Holding & Trading Co, to its own possession by December 15th. Furthermore, the company maintains equity stakes in various firms such as Reliance Communication Ltd, Siemens, Dr. Reddy's, Glaxo, Karur Vysya Bank, TCS, Bharat Electronics, BASF India, and IDBI. These investments primarily serve as long-term assets, with the acquisition cost of the entire quoted equity holdings totaling approximately Rs. 7.11 crores. Notably, the management adopts a conservative approach and refrains from extensive portfolio turnover.