About GM Modular Private Limited
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GM Modular Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the electronics manufacturing segment of the consumer electronics and durables sector. It was incorporated on 25 June 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U31900MH1999PTC120544. Its GSTIN is 27AABCG3313Q1ZG (Maharashtra). The company holds 17 GST registrations, of which 16 are active.
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹2.29 Cr. It is led by directors including Ramesh Kumar Jain (Whole-Time Director) and Kumarpal Babulal Banda (Whole-Time Director).
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 405 Shalimar Morya Park, Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,706.89 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹44.07 Cr (net margin 2.6%) and EBITDA of ₹143.43 Cr (EBITDA margin 8.4%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 10% over five years.
The company has about 1,204 employees on its provident fund (EPFO) records. Its group structure includes 2 subsidiaries.
The company is associated with 1 brand: GM Modular. As per MCA filings, the company has open charges of ₹487.49 Cr and satisfied charges of ₹117.19 Cr on record. Court records list 172 cases involving the company, including 142 filed by the company and 30 filed against it; 116 cases are pending. The company has 12 deals on record (7 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹5.18 Cr; the latest was in December 2021. Its 3 peer companies in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment) are compared by revenue, 1 larger and 2 smaller; the largest is HBL Engineering Limited with revenue of ₹1,993.29 Cr. The company has 5 MSME Form 1 returns on record between 2019 and 2021, listing 53 overdue payments to 2 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gmmodular.com.
Company details
Contact details
GM Modular Private Limited's registered office is in Mumbai, Maharashtra. Its website is gmmodular.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address405 Shalimar Morya Park Premises Chs. Ltd. Opp. Infiniti Mall Off. New Link Road, Andheri(W), Mumbai, Maharashtra, India – 400053
- IndustryConsumer Electronics & Durables, Electronics Manufacturing
To see the full contact details of GM Modular Private 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
Brands
GM Modular operates one associated brand: GM Modular. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturer of switches, LED lighting, wires, cables, fans, pipes, and fittings | gmmodular.com |
Business activity
The main business activity of GM Modular is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of GM Modular Private Limited, buy the company report.
Financials of GM Modular Private Limited
FY 2025 filings availableGM Modular Private Limited reported revenue of ₹1,706.89 Cr (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 35% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1,706.89 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹143.43 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹44.07 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.4% | ||||
| Net Profit Margin | 2.6% | ||||
| 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 GM Modular Private Limited, buy the company report.
Board of directors of GM Modular Private Limited
GM Modular has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramesh Kumar Jain | Whole-Time Director | 01 Apr 2013 | 13 Years 6 Months | Current |
| Kumarpal Babulal Banda | Whole-Time Director | 01 Jan 2019 | 7 Years 9 Months | Current |
| Jayantilal Otmal Jain Also directs: GM Elektra Private Limited, GM Nexus India Private Limited, GM Cables & Switches Private Limited and 1 more | Whole-Time Director | 25 Jun 1999 | 27 Years 3 Months | Current |
Peer comparison
GM Modular Private Limited is compared with the 3 companies closest to it by revenue in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| HBL Engineering Limited | ₹1,993.29 Cr (FY 2025) | -11.0% | Hyderabad, Telangana, India | |||
| Clarion India Private Limited | ₹1,728.39 Cr (FY 2025) | 28.0% | Pune, Maharashtra, India | |||
| GM Modular Private Limitedthis company | ₹1,706.89 Cr (FY 2025) | ₹44.07 Cr | 2.6% | -7.0% | 1,204 | Mumbai, Maharashtra, India |
| Microtek International Private Limited | ₹1,515.38 Cr (FY 2024) | -13.0% | New Delhi, Delhi, India |
To see the full peer comparison of GM Modular Private Limited, buy the company report.
Auditor
GM Modular Private Limited is audited by S C V J & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S C V J & Associates | FY 2023 | 148419W |
Shareholding
The shareholding of GM Modular Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of GM Modular Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Jun 2026 | 101313886 | Others | ₹30 Cr | Open | |
| 30 Apr 2026 | 101309907 | Others | ₹3 Cr | Open | |
| 30 Sep 2025 | 101173365 | Others | ₹1.22 Cr | Open | |
| 23 Sep 2025 | 101179842 | Others | ₹67.57 Lakh | Open | |
| 03 Apr 2024 | 100904843 | Others | ₹50 Cr | Open |
To see the full charge records of GM Modular Private Limited, buy the company report.
Total charge records: 25 View all charges
Deals & funding
GM Modular Private Limited has 12 deals on record (7 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹5.18 Cr; the latest was in December 2021.
Deals on record (5 of 12)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2018 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Million Foundation Private Limited |
| Aug 2016 | Rights issue | ₹10.11 Cr | Investors: Million Foundation Private Limited , 3 individuals |
| May 2011 | Secondary share transfer | Undisclosed | Buyer: G Trade and Capital Venture Private Limited Seller: Agrawal Brokerage Pvt Ltd , Darpan Marketing Private Limited , Alka Diamond Industries Limited |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: Agrawal Brokerage Pvt Ltd , Darpan Marketing Private Limited , Worth Multitrade Private Limited Seller: Montreal Trading Company Private Limited , Everframe Trading Co. Private Limited, Newtree Merchantile Co. Private Limited |
| Mar 2010 | Funding round | ₹2.98 Cr | Investors: Blue Lagoon Vanijya Private Limited , Khoobsurat Ltd , Nilpur Vanijaya Private Limited |
To see the full deal history of GM Modular Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
GM Modular Private Limited has 172 court cases on record: 142 filed by GM Modular, 30 filed against it. 116 cases are pending and 56 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 120 | 15 | 95 |
| High courts | 52 | 15 | 21 |
Cases on record (5 of 172)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed by the company against Hanbaz India Manufacturing LLP and 1 other | Pending |
| High Court of Delhi | Court case (C.A.(COMM.IPD-TM)) | Filed by the company against GM Innovations Pvt. Ltd. & Anr. | Pending |
| High Court of Delhi | Appeal | Filed against the company by Mayur Electromeck Pvt. Ltd. | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summary Case) | Filed by the company against Madhuban Electrotech Private Limited | Pending |
| High Court of Delhi | Court case (FAO (COMM)) | Filed against the company by Syska Led Lights Pvt. Ltd. | Disposed |
To see the full case history of GM Modular Private 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
GM Modular Private Limited has 5 MSME Form 1 returns on record between 2019 and 2021, listing 53 overdue payments to 2 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (2 of 2)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Abc Graphics and Printpack |
To see the full MSME payment records of GM Modular Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
GM Modular has 2 subsidiary companies. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| GM Elektra Private Limited | U31109MH2018PTC314611 | |
| GM Nexus India Private Limited | U31909MH2021PTC357287 |
To see the full group structure of GM Modular Private Limited, buy the company report.
Employees & EPFO
GM Modular Private Limited has a workforce of 1,204 employees on its EPFO records as of Jan 22, 2025, across 1 active EPFO establishment.
GST
GM Modular has 17 GST registrations: 16 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCG3313Q1ZG | Maharashtra | Active | 01 Jul 2017 |
| 27AABCG3313Q3ZE | Maharashtra | Active | 01 Mar 2024 |
| 08AABCG3313Q1ZG | Rajasthan | Active | 01 Jul 2017 |
| 09AABCG3313Q1ZE | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of GM Modular Private Limited, buy the company report.
Recent activity
GM Modular Private Limited has 7 board changes on record since 1999: 3 appointments and 4 cessations. The latest: Kumarpal Babulal Banda was appointed as Whole-Time Director on 01 Jan 2019.
45 earlier events are in the company report.
News
Frequently asked questions
GM Modular is an active private limited company based in Mumbai, Maharashtra, India. The company works in electronics manufacturing, within the consumer electronics and durables industry. It was incorporated on 25 June 1999 (27+ years old) and is registered under CIN U31900MH1999PTC120544.
GM Modular has 3 current directors:
- Ramesh Kumar Jain - Whole-Time Director
- Kumarpal Babulal Banda - Whole-Time Director
- Jayantilal Otmal Jain - Whole-Time Director
The latest financial statements of GM Modular 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.
The GSTIN of GM Modular is 27AABCG3313Q1ZG, registered in Maharashtra. The company has 17 GST registrations in all, of which 16 are active and 1 is cancelled or inactive. Other active GSTINs include 27AABCG3313Q3ZE (Maharashtra), 08AABCG3313Q1ZG (Rajasthan), 09AABCG3313Q1ZE (Uttar Pradesh).
The CIN (Corporate Identification Number) of GM Modular is U31900MH1999PTC120544. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
GM Modular has 172 court cases on record: 142 filed by the company and 30 filed against it. 116 are pending. Most are in the district courts.
GM Modular was incorporated on 25 June 1999, making it 27+ years old. It is registered with the Registrar of Companies, Mumbai.
GM Modular has 12 deals on record (7 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹5.18 Cr; the latest was in December 2021.
The peers of GM Modular by revenue are HBL Engineering Limited, Clarion India Private Limited, Microtek International Private Limited, all in the Consumer Durables industry (Electronic Appliances Manufacturing), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Kumarpal Babulal Banda was appointed as Whole-Time Director on 01 Jan 2019. Ramesh Kumar Jain ceased to be Director on 05 Apr 2016. Aakash Jain ceased to be Director on 01 Mar 2014. GM Modular has 7 board changes on record in total.
GM Modular has 5 MSME Form 1 returns on record between 2019 and 2021, listing 53 overdue payments to 2 micro and small suppliers. The latest return was filed on 13 May 2021.
GM Modular can be reached through the website gmmodular.com. Its registered office is in Mumbai, Maharashtra, India.