About Modi Asset Management Private Limited
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Modi Asset Management Private Limited is a private limited company based in Mohali, Punjab, India. It operates in the investment and credit NBFC segment of the financial services sector. It was incorporated on 23 May 1991 and has been in existence for over 35 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65100PB1991PTC062649. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹9.7 Cr. It was formerly known as Modi Power Private Limited. It is led by directors including Pawan Kumar Modi and Ashok Kumar Modi.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mohali, Punjab.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.41 Cr, a growth of 135% compared to the previous year. For the same year it recorded a net profit of ₹54.71 Lakh (net margin 22.7%) and EBITDA of ₹65.39 Lakh (EBITDA margin 27.1%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 35% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modisteel.net.
Company details
CIN history
Modi Asset Management has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U65100PB1991PTC062649, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65100PB1991PTC062649 | Current |
| U27310DL1991PTC165519 | Previous |
| U65100DL1991PTC165519 | Previous |
Contact details
Modi Asset Management Private Limited's registered office is in Mohali, Punjab.
- Registered AddressRailway Godown Road, Mandi Gobindgarh, Mohali, Punjab, India – 147301
- IndustryFinancial Services, Investment & Credit NBFC, NBFC
- 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 Modi Asset Management is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Modi Asset Management Private Limited, buy the company report.
Financials of Modi Asset Management Private Limited
FY 2025 filings availableModi Asset Management Private Limited reported revenue of ₹2.41 Cr (up 135% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 35% over five years, including 135% growth in the latest year. EBITDA rose 216% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹65.39 Lakh | ||||
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| Net Profit (PAT) | ₹54.71 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 27.1% | ||||
| Net Profit Margin | 22.7% | ||||
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To see the full financial statements and ratios of Modi Asset Management Private Limited, buy the company report.
Board of directors of Modi Asset Management Private Limited
Modi Asset Management has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawan Kumar Modi | Director | 06 Aug 2002 | 24 Years 3 Months | Current |
| Ashok Kumar Modi | Director | 22 Nov 1994 | 31 Years 11 Months | Current |
| Manhar Modi Also directs: Modi Metal and Allied Industries Private Limited., Modi Trading LLP, National General Industries Limited and 1 more | Director | 30 Jun 2004 | 22 Years 4 Months | Current |
| Vasu Modi Also directs: Modi Steel Private Limited, Modi Metal and Allied Industries Private Limited., National General Industries Limited and 2 more | Director | 01 Sep 2005 | 21 Years 2 Months | Current |
Peer comparison
Modi Asset Management Private Limited is compared with the 9 companies closest to it by revenue in the BFSI industry (Asset Management, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sai Baba Finvest Private Limited | ₹2.42 Cr (FY 2024) | -80.0% | Kolkata, West Bengal, India | |||
| Khiwasara Finance & Leasing Limited | ₹2.42 Cr (FY 2025) | 7.0% | Hyderabad, Telangana, India | |||
| Destiny Finco Pvtltd | ₹2.42 Cr (FY 2025) | 12.0% | Kolkata, West Bengal, India | |||
| Indus Finance Limited | ₹2.41 Cr (FY 2019) | 10.0% | Chennai, Tamil Nadu, India | |||
| Pee Jay Finance Company Limited | ₹2.41 Cr (FY 2025) | 23.0% | Hargobind Enclave, Delhi, India | |||
| Modi Asset Management Private Limitedthis company | ₹2.41 Cr (FY 2025) | ₹54.71 Lakh | 22.7% | 135.0% | Mohali, Punjab, India | |
| Artmoss Sales Pvt Ltd | ₹2.41 Cr (FY 2025) | 52.0% | Kolkata, West Bengal, India | |||
| Ambarnuj Finance & Investments Private Limited | ₹2.41 Cr (FY 2025) | -3.0% | New Delhi, Delhi, India | |||
| KNS Exports Pvt. Ltd. | ₹2.41 Cr (FY 2018) | 17.0% | Kolkata, West Bengal, India | |||
| Suvidhaa Credit Finance Private Limited | ₹2.4 Cr (FY 2025) | 87.0% | Bishrakh, Uttar Pradesh, India |
To see the full peer comparison of Modi Asset Management Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Modi Asset Management Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Modi Asset Management Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Modi Asset Management has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Modi Asset Management Private Limited, buy the company report.
Recent activity
Modi Asset Management Private Limited has 8 board changes on record since 1994: 4 appointments and 4 cessations. The latest: Goverdhan Kumar Nag ceased to be Director on 19 Jan 2017.
Frequently asked questions
Modi Asset Management is an active private limited company based in Mohali, Punjab, India. The company works in investment and credit nbfc, within the financial services industry. It was incorporated on 23 May 1991 (35+ years old) and is registered under CIN U65100PB1991PTC062649.
Modi Asset Management has 4 current directors:
- Pawan Kumar Modi - Director
- Ashok Kumar Modi - Director
- Manhar Modi - Director
- Vasu Modi - Director
The latest financial statements of Modi Asset Management on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
No. Modi Asset Management has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Modi Asset Management is U65100PB1991PTC062649. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modi Asset Management was incorporated on 23 May 1991, making it 35+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Modi Asset Management by revenue are Sai Baba Finvest Private Limited, Khiwasara Finance & Leasing Limited, Destiny Finco Pvtltd, Indus Finance Limited, Pee Jay Finance Company Limited and 4 more, all in the BFSI industry (Asset Management, NBFC Investment and Credit Companies, Small Non Deposit NBFC), with the same principal business activity (other financial activities).
Goverdhan Kumar Nag ceased to be Director on 19 Jan 2017. Madhur Modi ceased to be Director on 24 Mar 2015. Avinash Chandra Gupta ceased to be Director on 08 Nov 2008. Modi Asset Management has 8 board changes on record in total.
Modi Asset Management can be reached through the website modisteel.net. Its registered office is in Mohali, Punjab, India.
The registered office of Modi Asset Management is at Railway Godown Road, Mandi Gobindgarh, Mohali, Punjab, India – 147301.
Modi Asset Management operates in the financial services industry, in the investment and credit nbfc segment.
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