
Umesh Paliwal
Co-founderBrings engineering excellence from the Army Institute of Technology — turning deep company data into clear, honest research.
LinkedInSince 2018, UnlistedZone has brought research, indicative prices and honest answers to a market that traded in the dark — one of India’s largest and most trusted platforms for unlisted, pre-IPO and ESOP shares.
India’s unlisted and pre-IPO shares changed hands through phone calls and hearsay — opaque pricing, thin research, and no single place an investor could trust.
Three friends — Umesh Paliwal, Santosh Singh and Dinesh Gupta — decided the private market deserved the same rigour, data and honesty as public markets.
No published prices. No research. No accountability.
Engineering from the Army Institute of Technology met 15+ years of capital-markets depth. The result: every company researched, every price indicative and clearly published, every investor treated fairly.
We are, first and last, an information platform — we publish researched data and indicative prices for information and education. We are not a stock exchange and do not operate a trading platform.
Published indicative prices · free research · clear disclaimers.
What began as a bold idea now serves 30 lakh+ visitors — 3 lakh+ every single month — across research, indicative prices, events and the UnlistedZone app.
Operated by IZUZ Consultancy Pvt. Ltd. and the InvestorZone–UnlistedZone partnership.
Research, transparency and investors first — since day one.

Brings engineering excellence from the Army Institute of Technology — turning deep company data into clear, honest research.
LinkedIn
Also from the Army Institute of Technology — pairing engineering with a passion for making India's private market accessible to every investor.
LinkedIn
15+ years of deep capital-markets expertise, setting the standard for research quality, diligence and client-first execution.
LinkedInTwo engineers. One markets veteran. Army Institute of Technology discipline meets 15+ years on the trading floor — that mix is why the research is deep and the experience is simple.
No hidden charges. Clear indicative prices, fees and valuations — full visibility, every time.
Every company we cover is backed by data, fundamentals and published research — not hype.
30 lakh+ investors served since 2018 — one of India's largest platforms for unlisted shares.
A fast, secure and seamless experience across web and app — the private market, simplified.



Indicative prices, company research and your enquiries — in your pocket. Get price notes on the names you follow and reach our team from anywhere.