Equity shares which are not listed with any nationalized stock exchange (like NSE, BSE, etc.) in India are known as Unlisted Shares. It may comprise matured companies or start-up companies having disruptive business models. Some of the unlisted companies in India are (Brand): Swiggy, Chennai Super King, Hero Fincorp, Flipkart, Byju's, Acko, Fino PayTech, HDB Financial services, etc.