About Modi Innovations
Modi Innovations is a Technology company based in Aurangabad (India) founded in 2015. It delivers comprehensive cloud-based IoT solutions for manufacturing industries. It operates on a B2B model. The company has 5 employees. Its Indian entity Modi Innovations Private Limited reported revenue of ₹3.74 Cr. Its focus areas include Information Technology, IoT Solutions and Cloud-based Services.
Company details
Modi Innovations operates with a B2B model, focusing on leveraging cutting-edge technology, information technology, iot solutions, and cloud-based services. Delivers comprehensive cloud-based IoT solutions for manufacturing industries. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Aurangabad, India
- Employees 5
- SectorsTechnology
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- Website modiinnovations.com
- Legal Name Modi Innovations Private Limited
- Date of Incorporation 25 Apr, 2015
- Jurisdiction Aurangabad, Maharashtra, India
- Annual Revenue₹3.74 Cr
FY 2024 · -24% YoY
- Net Profit₹5.6 Lakh
FY 2024 · 1% margin
- EBITDA₹12.3 Lakh
FY 2024 · 3% margin
- Employee Count5
Associated legal entities of Modi Innovations
Modi Innovations operates through Modi Innovations Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Modi Innovations Private Limited CIN U74900MH2015PTC263797 | Active | 25 Apr 2015 | Aurangabad, Maharashtra | ₹3.7 Cr | 5 | 2 | View details |
Board of directors of Modi Innovations Private Limited (Modi Innovations)
Modi Innovations Private Limited is the primary company behind Modi Innovations. The board of Modi Innovations Private Limited currently have 2 directors; the longest-serving is Abhijit Laxman Modi, appointed in 2015. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Abhijit Laxman Modi DIN 03601263 | Director | 25 Apr 2015 | 11 yrs 6 mo | Modi Innovations Private Limited |
| Girish Laxman Modi DIN 06685803 | Director | 25 Apr 2015 | 11 yrs 6 mo | Modi Innovations Private Limited |
Financials of Modi Innovations
Figures of Modi Innovations Private Limited, the primary company behind Modi Innovations, for FY 2024. Revenue was ₹3.74 Cr (-24% year on year). Net profit was ₹5.6 Lakh (1% margin). EBITDA was ₹12.3 Lakh (3% margin). Revenue has grown at a compounded annual rate of +28% over three years and +8% over five years.
- ₹3.74 CrRevenue · FY 2024 · -24% YoY
- ₹5.6 LakhNet profit · 1% margin
- ₹12.3 LakhEBITDA · 3% margin
- ₹1 LakhPaid-up capital
- 5Employees (provident fund records)
- +28%Revenue CAGR, 3 years
- +8%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Modi Innovations Private Limited are on its company page.
Detailed financial statements for Modi Innovations
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Frequently Asked Questions about Modi Innovations
Modi Innovations was founded in 2015.
Modi Innovations is headquartered in Aurangabad, India. It is registered at Aurangabad, Maharashtra, India.
Modi Innovations has 5 employees.
The primary company behind Modi Innovations, Modi Innovations Private Limited, reported revenue of ₹3.74 Cr for FY 2024, down 24% year on year.
Modi Innovations operates with a B2B model, focusing on leveraging cutting-edge technology, information technology, iot solutions, and cloud-based services. Delivers comprehensive cloud-based IoT solutions for manufacturing industries. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
Modi Innovations operates through Modi Innovations Private Limited.
The legal entities of Modi Innovations currently have 2 directors, including Abhijit Laxman Modi, Girish Laxman Modi.