About Modella Textile Industries Limited
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Modella Textile Industries Limited is a public limited company based in Thane, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 30 March 1971 and has been in existence for over 55 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45201MH1971PLC015082. Its GSTIN is 27AAGCM9635A2ZG (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹1 Cr. It was formerly known as Modella Textile Industries Private Limited. It is led by directors including Ajay Pratap Ashar and Umesh Chhabildas Mehta.
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 11th Floor Ashar IT Park, Road No – 16Z Wagale Industrial Estate Near Agriculture Bus Stop Thane 400604., Maharashtra, India – 400604.
As per the financials filed for FY 2024, the company reported a revenue of ₹37.37 Lakh. For the same year it recorded a net loss of ₹8.47 Cr and EBITDA of -₹3.6 Cr. Revenue has grown at a compounded annual rate (CAGR) of 137% over three years.
As per MCA filings, the company has open charges of ₹275.5 Cr and satisfied charges of ₹837.85 Cr on record. Court records list 58 cases involving the company, including 25 filed by the company and 34 filed against it; 14 cases are pending. The company has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in March 2013.
The current compliance status is marked as active non-compliant by the Registrar of Companies. For more details, the company can be reached via its website modellatextile.com.
Company details
CIN history
Modella Textile Industries has one previous CIN (Corporate Identification Number): U45201MH1971PTC015082. The current CIN is U45201MH1971PLC015082, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45201MH1971PLC015082 | Current |
| U45201MH1971PTC015082 | Previous |
Contact details
Modella Textile Industries Limited's registered office is in Thane, Maharashtra. Its website is modellatextile.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address11th Floor Ashar IT Park, Road No – 16Z Wagale Industrial Estate Near Agriculture Bus Stop Thane 400604., Maharashtra, India – 400604
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Modella Textile Industries 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
Financials of Modella Textile Industries Limited
FY 2025 filings availableModella Textile Industries Limited reported revenue of ₹37.37 Lakh for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 137% over three years. EBITDA fell 109% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹3.6 Cr | ||||
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| Net Profit (PAT) | -₹8.47 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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To see the full financial statements and ratios of Modella Textile Industries Limited, buy the company report.
Board of directors of Modella Textile Industries Limited
Modella Textile Industries has 3 current directors and 11 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ajay Pratap Ashar Also directs: Shelter Realty Private Limited, Kryshnajay Developers Private Limited, Ashar Yashayu Developers Private Limited and 1 more | Director | 06 Oct 2023 | 3 Years 0 Months | Current |
| Umesh Chhabildas Mehta Also directs: Kryshnajay Developers Private Limited, Ashar Yashayu Developers Private Limited, Ashar Realty Private Limited and 3 more | Director | 06 Oct 2023 | 3 Years 0 Months | Current |
| Leena Manish Desai | Director | 06 Oct 2023 | 3 Years 0 Months | Current |
Auditor
Modella Textile Industries Limited is audited by SWAMY & CHHABRA for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SWAMY & CHHABRA | FY 2023 | 113036W |
Shareholding
The shareholding of Modella Textile Industries Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Modella Textile Industries Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Dec 2023 | 100850656 | Others | ₹275.5 Cr | Open | |
| 17 Nov 2017 | 100139721 | Others | ₹140 Cr | Satisfied | |
| 17 Nov 2017 | 100141643 | Others | ₹310 Cr | Satisfied | |
| 29 Sep 2016 | 100057056 | Others | ₹50 Cr | Satisfied | |
| 22 Mar 2016 | 100026841 | Idbi Trusteeship Services Limited | ₹176 Cr | Satisfied |
To see the full charge records of Modella Textile Industries Limited, buy the company report.
Total charge records: 11 View all charges
Deals & funding
Modella Textile Industries Limited has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in March 2013.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2013 | Funding round | ₹4 Cr | Investors: Videocon Realty And Infrastructures Limited Cn, Nirmal Lifestyle Limited |
| Apr 2012 | Secondary share transfer | Undisclosed | Buyer: Nirmal Lifestyle Limited , Videocon Realty And Infrastructures Limited Cn Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Modella Textile Industries Limited has 58 court cases on record: 25 filed by Modella Textile Industries, 34 filed against it. 14 cases are pending and 44 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 38 | 18 | 12 |
| High courts | 7 | 7 | 1 |
| NCLT | 6 | 6 | 0 |
| NCLAT | 6 | 2 | 1 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 58)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed against the company by Godrej Properties Ltd | Pending |
| High Court, MAHARASHTRA | Company petition | Filed against the company by Khushi Alloys Private Limited T N Tripathi and Co | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Mr. Girish Nalavade Representative of Other Homebuyers of Modella Textile Industries Limited and 1 other | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed against the company by Godrej Properties Ltd | Disposed |
| NCLT, Mumbai | Insolvency matter | Filed by the company against Consortium of M/S. Ashar Ventures M/S. Ashar Realtors M/S. Toscano Infrastructure Private Limited & Mr. Ajay Pratap Ashar and 3 others | Disposed |
To see the full case history of Modella Textile Industries 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.
Credit ratings & regulatory alerts
Modella Textile Industries Limited was last rated by Brickwork on 30 Jun 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 30 Jun 2021 |
To see the full credit ratings and regulatory alerts of Modella Textile Industries Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Modella Textile Industries Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Modella Textile Industries has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCM9635A2ZG | Maharashtra | Active | 04 May 2022 |
To see the full GST registrations and return filing status of Modella Textile Industries Limited, buy the company report.
Recent activity
Modella Textile Industries Limited has 25 board changes on record since 2004: 14 appointments and 11 cessations. The latest: Bhrugesh Rameshchandra Amin ceased to be Irp/Rp/Liquidator on 31 Oct 2023.
39 earlier events are in the company report.
Frequently asked questions
Modella Textile Industries is an active public limited company based in Thane, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 30 March 1971 (55+ years old) and is registered under CIN U45201MH1971PLC015082.
Modella Textile Industries has 3 current directors:
- Ajay Pratap Ashar - Director
- Umesh Chhabildas Mehta - Director
- Leena Manish Desai - Director
The latest financial statements of Modella Textile Industries 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 Modella Textile Industries is 27AAGCM9635A2ZG, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Modella Textile Industries is U45201MH1971PLC015082. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modella Textile Industries has 58 court cases on record: 25 filed by the company and 34 filed against it. 14 are pending. Most are in the district courts.
Modella Textile Industries was incorporated on 30 March 1971, making it 55+ years old. It is registered with the Registrar of Companies, Mumbai.
Modella Textile Industries has 2 deals on record (1 secondary share transfer, 1 funding round), with disclosed funding of ₹4 Cr; the latest was in March 2013.
Bhrugesh Rameshchandra Amin ceased to be Irp/Rp/Liquidator on 31 Oct 2023. Ajay Pratap Ashar was appointed as Director on 06 Oct 2023. Chandrakant Hiralal Shah ceased to be Director on 06 Oct 2023. Modella Textile Industries has 25 board changes on record in total.
Modella Textile Industries can be reached through the website modellatextile.com. Its registered office is in Thane, Maharashtra, India.