About Modenik Lifestyle Private Limited
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Modenik Lifestyle Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Varenna Holdings Limited. It operates in the innerwear segment of the fashion and textiles sector. It was incorporated on 20 February 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U17111KA2004PTC133522. Its GSTIN is 29AABCD9300J1ZM (Karnataka). The company holds 21 GST registrations, of which 20 are active.
The company has an authorised share capital of ₹89.25 Cr and a paid-up capital of ₹34.43 Cr. It was formerly known as Dimor Lifestyle Private Limited and Illume Lifestyle Private Limited. It is led by directors including Shekhar Tewari (Whole-Time Director) and Vaidyanathan Viswanathan Lalgudi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 01 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹1,223.79 Cr. For the same year it recorded a net loss of ₹24.85 Cr (net margin -2%) and EBITDA of ₹63.82 Cr (EBITDA margin 5.2%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 2% over five years.
The company has about 3,528 employees on its provident fund (EPFO) records.
The company is associated with 4 brands: Enamor, Dixcy Textiles, Dixcy Scott and Modenik. As per MCA filings, the company has open charges of ₹204 Cr and satisfied charges of ₹339.34 Cr on record. Court records list 58 cases involving the company, including 29 filed by the company and 29 filed against it; 6 cases are pending. The company has 11 deals on record (6 funding rounds, 3 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹377.35 Cr; the latest was in May 2021. Its 4 peer companies in the Apparel industry (Inner Wear), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 2 larger and 2 smaller; the largest is SCM Garments Private Limited with revenue of ₹2,850.95 Cr. The company has 18 MSME Form 1 returns on record between 2017 and 2024, listing 1,822 overdue payments to 302 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 modenik.in.
Company details
Name history
Modenik Lifestyle has undergone 5 name changes throughout its history. The current legal name is Modenik Lifestyle Private Limited.
| Company Name | Status |
|---|---|
| Modenik Lifestyle Private Limited | Current |
| Dimor Lifestyle Private Limited | Previous |
| Illume Lifestyle Private Limited | Previous |
| Dixcy Textiles Private Limited | Previous |
| Dien Lifestyle Private Limited | Previous |
CIN history
Modenik Lifestyle has one previous CIN (Corporate Identification Number): U17111TZ2004PTC010996. The current CIN is U17111KA2004PTC133522, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17111KA2004PTC133522 | Current |
| U17111TZ2004PTC010996 | Previous |
Contact details
Modenik Lifestyle Private Limited's registered office is in Bangalore, Karnataka. Its website is modenik.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo 28 36/5 Ferns Icon 4th Floor, Doddanekundi Marathahalli Outer Ring Road, Bangalore, Karnataka, India – 560037
- IndustryFashion and Textile, Innerwear
To see the full contact details of Modenik Lifestyle 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
Modenik Lifestyle operates multiple associated brands including Enamor, Dixcy Textiles, and Dixcy Scott. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Women's apparel is offered via an internet-first brand model. | enamor.co.in | |
| Private label brand for innerwear and leisurewear | dixcy.co.in | |
| Men's inner wear is produced and marketed by Dixcy Scott. | dixcyscott.com | |
| Innerwear clothing is wholesaled by Modenik in Bengaluru, India. | modenik.in |
Business activity
The main business activity of Modenik Lifestyle is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Modenik Lifestyle Private Limited, buy the company report.
Financials of Modenik Lifestyle Private Limited
FY 2025 filings availableModenik Lifestyle Private Limited reported revenue of ₹1,223.79 Cr for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 2% over five years. EBITDA rose 95% 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 | ₹63.82 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹24.85 Cr | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.2% | ||||
| Net Profit Margin | -2% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Modenik Lifestyle Private Limited, buy the company report.
Board of directors and KMP of Modenik Lifestyle Private Limited
Modenik Lifestyle Private Limited currently reports 6 directors and 1 key managerial person. 17 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shweta Jalan | Director | 20 Sep 2017 | 9 Years 1 Months | Current |
| Girish Shrikrishna Paranjape | Director | 20 Sep 2017 | 9 Years 1 Months | Current |
| Shekhar Tewari | Whole-Time Director | 02 Apr 2024 | 2 Years 7 Months | Current |
| Vaidyanathan Viswanathan Lalgudi | Whole-Time Director | 12 Jul 2024 | 2 Years 3 Months | Current |
| Manish Daga | Cfo | 01 Jul 2023 | 3 Years 4 Months | Current |
| Shantanu Maharaj Khosla | Director | 20 Sep 2017 | 9 Years 1 Months | Current |
Peer comparison
Modenik Lifestyle Private Limited is compared with the 4 companies closest to it by revenue in the Apparel industry (Inner Wear), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SCM Garments Private Limited | ₹2,850.95 Cr (FY 2025) | 30.0% | Tirupur, Tamil Nadu, India | |||
| J G Hosiery Private Limited | ₹1,242.63 Cr (FY 2025) | 5.0% | Thiruppur, Tamil Nadu, India | |||
| Modenik Lifestyle Private Limitedthis company | ₹1,223.79 Cr (FY 2025) | -₹24.85 Cr | -2% | 3,528 | Bangalore, Karnataka, India | |
| Infiiloom India Private Limited | ₹395.95 Cr (FY 2025) | 87.0% | Pune, Maharashtra, India | |||
| Ginza Industries Ltd. | ₹370.44 Cr (FY 2025) | 16.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Modenik Lifestyle Private Limited, buy the company report.
Auditor
Modenik Lifestyle Private Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Associates LLP | FY 2023 | 101049W/E300004 |
Shareholding
The shareholding of Modenik Lifestyle Private 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 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Modenik Lifestyle Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Apr 2022 | 100570209 | Others | ₹30 Cr | Open | |
| 24 Nov 2021 | 100517602 | Citi Bank N.A. | ₹44 Cr | Open | |
| 09 Dec 2015 | 10611429 | Hdfc Bank Limited | ₹130 Cr | Open | |
| 18 Jul 2020 | 100363633 | Others | ₹30 Cr | Satisfied | |
| 03 Jan 2020 | 100319160 | Others | ₹20 Cr | Satisfied |
To see the full charge records of Modenik Lifestyle Private Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Modenik Lifestyle Private Limited has 11 deals on record (6 funding rounds, 3 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹377.35 Cr; the latest was in May 2021.
Deals on record (4 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2018 | Secondary share transfer | Undisclosed | Buyer: Advent India PE Advisors Seller: an individual |
| Feb 2014 | Funding round | ₹4.75 Cr | Investors: an individual |
| Mar 2009 | Funding round | ₹2 Cr | Investors: an individual |
| Jun 2006 | Funding round | ₹1.75 Cr | Investors: 2 individuals |
To see the full deal history of Modenik Lifestyle 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
Modenik Lifestyle Private Limited has 58 court cases on record: 29 filed by Modenik Lifestyle, 29 filed against it. 6 cases are pending and 52 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 36 | 12 | 0 |
| District courts | 21 | 17 | 6 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 58)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Erode, Tamil Nadu | Court case (COS) | Filed against the company by Triniity Colour India Private Limited Rep by Its Director A.Yogeshkumar | Pending |
| High Court, TAMIL NADU | Interim or miscellaneous application | Filed against the company by The Oriental Insurance Company Ltd | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by The Oriental Insurance Company Ltd | Disposed |
| High Court, TAMIL NADU | Writ petition | Filed by the company against Icici Bank Ltd. and 1 other | Disposed |
| District court, East Godavari, Andhra Pradesh | Court case (IP) | Filed against the company by an individual | Pending |
To see the full case history of Modenik Lifestyle 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.
Credit ratings & regulatory alerts
Modenik Lifestyle Private Limited was last rated by Icra on 19 Aug 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 19 Aug 2021 |
To see the full credit ratings and regulatory alerts of Modenik Lifestyle Private Limited, buy the company report.
MSME payment delays
Modenik Lifestyle Private Limited has 18 MSME Form 1 returns on record between 2017 and 2024, listing 1,822 overdue payments to 302 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 (5 of 302)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Renuka Knit Process | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Modenik Lifestyle Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Modenik Lifestyle Private Limited has a workforce of 3,528 employees on its EPFO records as of Apr 07, 2024, across 5 active EPFO establishments.
GST
Modenik Lifestyle has 21 GST registrations: 20 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AABCD9300J1ZM | Karnataka | Active | 01 Jul 2017 |
| 29AABCD9300J2ZL | Karnataka | Active | 21 Mar 2023 |
| 06AABCD9300J1ZU | Haryana | Active | 01 Jul 2017 |
| 09AABCD9300J1ZO | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Modenik Lifestyle Private Limited, buy the company report.
Recent activity
Modenik Lifestyle Private Limited has 23 board changes on record since 2014: 7 appointments and 16 cessations. The latest: Vaidyanathan Viswanathan Lalgudi was appointed as Whole-Time Director on 12 Jul 2024.
46 earlier events are in the company report.
News
Frequently asked questions
Modenik Lifestyle is an active private limited company based in Bangalore, Karnataka, India. The company works in innerwear, within the fashion and textile industry. It was incorporated on 20 February 2004 (22+ years old) and is registered under CIN U17111KA2004PTC133522.
Modenik Lifestyle has 7 current directors and KMP:
- Shekhar Tewari - Whole-Time Director
- Vaidyanathan Viswanathan Lalgudi - Whole-Time Director
- Shweta Jalan - Director
- Girish Shrikrishna Paranjape - Director
- Shantanu Maharaj Khosla - Director
- Sahil Dilip Dalal - Director
- Manish Daga - Cfo
The latest financial statements of Modenik Lifestyle on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 01 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Modenik Lifestyle is 29AABCD9300J1ZM, registered in Karnataka. The company has 21 GST registrations in all, of which 20 are active and 1 is cancelled or inactive. Other active GSTINs include 29AABCD9300J2ZL (Karnataka), 06AABCD9300J1ZU (Haryana), 09AABCD9300J1ZO (Uttar Pradesh).
The CIN (Corporate Identification Number) of Modenik Lifestyle is U17111KA2004PTC133522. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modenik Lifestyle has 58 court cases on record: 29 filed by the company and 29 filed against it. 6 are pending. Most are in the high courts.
Modenik Lifestyle was incorporated on 20 February 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
Modenik Lifestyle has 11 deals on record (6 funding rounds, 3 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹377.35 Cr; the latest was in May 2021.
The peers of Modenik Lifestyle by revenue are SCM Garments Private Limited, J G Hosiery Private Limited, Infiiloom India Private Limited, Ginza Industries Ltd, all in the Apparel industry (Inner Wear), with the same principal business activity (textile, leather and other apparel products).
Vaidyanathan Viswanathan Lalgudi was appointed as Whole-Time Director on 12 Jul 2024. Vaidyanathan Viswanathan Lalgudi ceased to be Additional Director on 12 Jul 2024. Shekhar Tewari was appointed as Whole-Time Director on 02 Apr 2024. Modenik Lifestyle has 23 board changes on record in total.
Modenik Lifestyle has 18 MSME Form 1 returns on record between 2017 and 2024, listing 1,822 overdue payments to 302 micro and small suppliers. The latest return was filed on 01 May 2024.
Modenik Lifestyle can be reached through the website modenik.in. Its registered office is in Bangalore, Karnataka, India.
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