Maharashtra Scooters Limited

Maharashtra Scooters Ltd (MSL), incorporated in 1975, is a publicly listed investment holding company headquartered in Pune, India. Originally set up as a joint venture between Bajaj Auto Limited and the Maharashtra government, the company initially engaged in the manufacturing and sale of geared scooters under the Bajaj brand. Over time, MSL strategically transitioned from its manufacturing operations to primarily function as an investment company, holding significant equity stakes in prominent listed entities, especially those within the Bajaj Group.

Currently, MSL's principal activity centers around managing a diversified portfolio of equity shares and other financial instruments, deriving its revenues primarily from dividends, interest income, and capital gains. The company maintains a lean operational structure and its investments are mainly concentrated in blue-chip Indian stocks, providing stable cash flows and capital appreciation over the long term.