About Modern India Property Developers Limited
Data last updated:
Modern India Property Developers Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Modern India Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 07 September 2000.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U72200MH2000PLC128584.
The company had an authorised share capital of ₹50 Cr and a paid-up capital of ₹15 Cr. It was formerly known as Webhosting and Solutions (India) Limited and Webhosting and Solutions (India) Private Limited. It was led by directors including Ashokraj Ramchandra Birla (Whole-Time Director) and Subhash Chandra Kedia.
Its last annual general meeting (AGM) was held on 06 August 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at 1 Mittal Chambers 228 Barister Rajni Patel Marg Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2018, the company reported a revenue of ₹29.23 Lakh, a decline of 17% compared to the previous year. For the same year it recorded a net loss of ₹1.33 Cr (net margin -456.7%) and EBITDA of -₹1.33 Cr (EBITDA margin -455.7%).
Court records list 5 cases involving the company, including 5 filed by the company; 1 case is pending.
The last known website on record is modernindia.co.in.
Company details
Name history
Modern India Property Developers has undergone 2 name changes throughout its history. The company was previously known as Webhosting And Solutions (India) Limited, and Webhosting And Solutions (India) Private Limited. The current legal name is Modern India Property Developers Limited.
| Company Name | Status |
|---|---|
| Modern India Property Developers Limited | Current |
| Webhosting And Solutions (India) Limited | Previous |
| Webhosting And Solutions (India) Private Limited | Previous |
CIN history
Modern India Property Developers has one previous CIN (Corporate Identification Number): L72200MH2000PLC128584. The current CIN is U72200MH2000PLC128584, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200MH2000PLC128584 | Current |
| L72200MH2000PLC128584 | Previous |
Contact details
Modern India Property Developers Limited's registered office is in Mumbai, Maharashtra. Its website is modernindia.co.in. Its e-mail address is in the company report.
- Email
- Website
- Social Media
- Registered Address1 Mittal Chambers 228 Barister Rajni Patel Marg Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Modern India Property Developers Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activity of Modern India Property Developers is real estate. In detail, this covers real estate activities with own or leased property.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property |
Financials of Modern India Property Developers Limited
FY 2018 filings availableModern India Property Developers Limited reported revenue of ₹29.23 Lakh (down 17% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue fell 17% in the latest year. EBITDA fell 711% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ||||
| Other Income | ||||
| Total Revenue | ₹29.23 Lakh | |||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | -₹1.33 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.33 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
| Total Liabilities | ||||
| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
| Total Assets | ||||
Financial Ratios
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -455.7% | |||
| Net Profit Margin | -456.7% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
| Debt-to-Equity Ratio | ||||
| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of Modern India Property Developers Limited, buy the company report.
Board of directors and KMP of Modern India Property Developers Limited
Modern India Property Developers Limited currently reports 6 directors and 1 key managerial person. 8 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Parag Sunderlal Aggarwal | Cfo | 05 Apr 2019 | 7 Years 6 Months | As last reported |
| Subhash Chandra Kedia Also directs: Shree Rani Sati Investment and Finance Private Limited | Director | 01 Sep 2007 | 19 Years 1 Months | As last reported |
| Hemantkumar Jugalkishore Garg Also directs: Morries Securities Private Limited, Morries Housing Private Limited, Florita Buildcon Private Limited and 4 more | Director | 23 Oct 2007 | 19 Years 0 Months | As last reported |
| Nawalkishore Deora | Director | 03 Jan 2006 | 20 Years 9 Months | As last reported |
| Vijaykumar Mahabirprasad Jatia | Director | 01 Aug 2007 | 19 Years 2 Months | As last reported |
| Ashokraj Ramchandra Birla Also directs: Sarat Leasing and Finance Private Limited, F Pudumjee Investment Company Private Limited, Gateway Axis Private Limited and 5 more | Whole-Time Director | 05 Apr 2019 | 7 Years 6 Months | As last reported |
Peer comparison
Modern India Property Developers Limited is compared with the 3 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| DLF Lands India Private Limited | ₹29.26 Lakh (FY 2024) | 377.0% | Gurgaon, Haryana, India | |||
| Spectrum Colonizers Private Limited | ₹29.25 Lakh (FY 2025) | Jaipur, Rajasthan, India | ||||
| Modern India Property Developers Limitedthis company | ₹29.23 Lakh (FY 2018) | -₹1.33 Cr | -456.7% | -17.0% | Mumbai, Maharashtra, India | |
| M. R. Infra Developers Private Limited | ₹29.2 Lakh (FY 2025) | 10.0% | Lucknow, Uttar Pradesh, India |
To see the full peer comparison of Modern India Property Developers Limited, buy the company report.
Auditor
Modern India Property Developers Limited is audited by K S AIYAR & CO for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| K S AIYAR & CO | FY 2018 | 100186W |
Shareholding
The shareholding of Modern India Property Developers Limited is on record for 3 financial years, the latest being FY 2018, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Modern India Property Developers Limited, buy the company report.
Legal cases
Modern India Property Developers Limited has 5 court cases on record: 5 filed by Modern India Property Developers. 1 case is pending and 4 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 0 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (NMA) | Filed by the company against Icici Limited (Debenture Trustees) and 6 Ors. | Pending |
| Bombay High Court | Court case (APP) | Filed by the company against Icici Limited (Debenture Trustees) and 6 Ors. | Disposed |
| Bombay High Court | Court case (NMA) | Filed by the company against Icici Ltd. Mumbai | Disposed |
| Bombay High Court | Writ petition | Filed by the company against State of Maharashtra, Through Ministry of Revenue and Ors | Disposed |
| Bombay High Court | Court case (NMA) | Filed by the company against an individual | Disposed |
To see the full case history of Modern India Property Developers Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Modern India Property Developers Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Modern India Property Developers Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Modern India Property Developers Limited has 14 board changes on record since 2006: 7 appointments and 7 cessations. The latest: Ashokraj Ramchandra Birla was appointed as Whole-Time Director on 05 Apr 2019.
5 earlier events are in the company report.
Frequently asked questions
Modern India Property Developers has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Modern India Property Developers was a public limited company based in Mumbai, Maharashtra, India. The company worked in real estate builders and developers, within the real estate and construction industry. It was incorporated on 07 September 2000 and is registered under CIN U72200MH2000PLC128584. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Modern India Property Developers was incorporated on 07 September 2000. It is registered with the Registrar of Companies, Mumbai.
Modern India Property Developers had 7 directors and KMP:
- Ashokraj Ramchandra Birla - Whole-Time Director
- Subhash Chandra Kedia - Director
- Hemantkumar Jugalkishore Garg - Director
- Nawalkishore Deora - Director
- Vijaykumar Mahabirprasad Jatia - Director
- Anand Badriprasad Didwania - Director
- Parag Sunderlal Aggarwal - Cfo
The CIN (Corporate Identification Number) of Modern India Property Developers is U72200MH2000PLC128584. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Modern India Property Developers is at 1 Mittal Chambers 228 Barister Rajni Patel Marg Nariman Point, Mumbai, Maharashtra, India – 400021.
Modern India Property Developers can be reached through the website modernindia.co.in. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Modern India Property Developers on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 06 August 2018. Year-wise statements from 2015 are in the company report.
Modern India Property Developers operated in the real estate and construction industry, in the real estate builders and developers segment.
The peers of Modern India Property Developers by revenue are DLF Lands India Private Limited, Spectrum Colonizers Private Limited, M. R. Infra Developers Private Limited, all in the Real Estate industry (Builders and Developers), with the same principal business activity (real estate activities with own or leased property).
Modern India Property Developers has 5 court cases on record: 5 filed by the company. 1 is pending.