India's Oldest Companies That Never Went for IPO: From 187-Year-Old Media House to 62-Year-Old Lifts Maker

• Bennett, Coleman & Co., founded in 1838, is India's oldest private company without an IPO, reporting ₹6,816 crore revenue in FY22.
• Muthoot Fincorp (1887) operates a nationwide gold-loan network, achieving ₹8,493 crore revenue in FY25 without public listing.
• Bikanervala Foods (1905) expanded from a sweets shop to a global packaged foods exporter, with FY23 revenue of ₹1,229 crore.
• Luxmi Tea (1912) manages plantations across India and Africa, reporting ₹435 crore revenue in FY22 as a privately held firm.
• Biological E. (1953) produces vaccines and pharmaceuticals, with FY23 revenue of ₹3,694 crore, supported by its unlisted status.