Modern Flats Private Limited
About Modern Flats Private Limited
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Modern Flats Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate leasing and property management segment of the real estate sector. It was incorporated on 30 November 1950 and has been in existence for over 76 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH1950PTC008324.
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹5.58 Lakh. It is led by directors including Jimmy Merwan Aref and Nevillie Jessie Mistry.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Modern Flat Bldg. 128 – Wodehouse Road Colaba, Mumbai, Maharashtra, India – 400005.
As per the financials filed for FY 2025, the company reported a revenue of ₹19.16 Lakh, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹20,174 (net margin 1.1%) and EBITDA of ₹38,642 (EBITDA margin 2%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 11% over five years.
Court records list 7 cases involving the company, including 6 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Modern Flats Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressModern Flat Bldg. 128 – Wodehouse Road Colaba, Mumbai, Maharashtra, India – 400005
- IndustryReal Estate, Real Estate Leasing, Contractual Work
To see the full contact details of Modern Flats 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
Financials of Modern Flats Private Limited
FY 2025 filings availableModern Flats Private Limited reported revenue of ₹19.16 Lakh (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 11% over five years, including 5% growth in the latest year. EBITDA fell 92% 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 | ₹38,642 | ||||
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| Net Profit (PAT) | ₹20,174 | ||||
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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 | 2% | ||||
| Net Profit Margin | 1.1% | ||||
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To see the full financial statements and ratios of Modern Flats Private Limited, buy the company report.
Board of directors of Modern Flats Private Limited
Modern Flats has 4 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jimmy Merwan Aref | Director | 06 Jul 2006 | 20 Years 3 Months | Current |
| Nevillie Jessie Mistry | Director | 10 Jun 2022 | 4 Years 4 Months | Current |
| Iqbal Abdulla Olia Also directs: Aakar Metal Udyog Private Limited | Director | 02 Dec 2017 | 8 Years 10 Months | Current |
| Juzar Taher Haidermota | Director | 04 Jan 2018 | 8 Years 9 Months | Current |
Auditor
Modern Flats Private Limited is audited by T. V. PARIKH & COMPANY CHARTERED ACCOUNTANTS for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| T. V. PARIKH & COMPANY CHARTERED ACCOUNTANTS | FY 2017 | 34453 |
Shareholding
The shareholding of Modern Flats Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Modern Flats Private Limited, buy the company report.
Legal cases
Modern Flats Private Limited has 7 court cases on record: 6 filed by Modern Flats, 1 filed against it. 1 case is pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 5 | 1 | 1 |
| District courts | 2 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against The Municipal Corporation of Greater Bombay | Pending |
| High Court, MAHARASHTRA | Court case (CONPW) | Filed against the company by individuals | Disposed |
| High Court, MAHARASHTRA | Court case (CONPW) | Filed by the company against individuals | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The Municipal Corporation of Greater Mumbai and 9 Others and 9 others | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (TE) | Filed by the company against Bharat Petroleum Corporation Anrs | Disposed |
To see the full case history of Modern Flats 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
No delayed payments to MSME suppliers are on our record for Modern Flats Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Modern Flats Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Modern Flats Private Limited has 11 board changes on record since 2006: 4 appointments and 7 cessations. The latest: Nevillie Jessie Mistry ceased to be Additional Director on 20 Dec 2022.
2 earlier events are in the company report.
Frequently asked questions
Modern Flats is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate leasing, within the real estate industry. It was incorporated on 30 November 1950 (76+ years old) and is registered under CIN U45200MH1950PTC008324.
Modern Flats has 4 current directors:
- Jimmy Merwan Aref - Director
- Nevillie Jessie Mistry - Director
- Iqbal Abdulla Olia - Director
- Juzar Taher Haidermota - Director
The latest financial statements of Modern Flats on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 25 September 2025. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Modern Flats is U45200MH1950PTC008324. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modern Flats has 7 court cases on record: 6 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Modern Flats was incorporated on 30 November 1950, making it 76+ years old. It is registered with the Registrar of Companies, Mumbai.
Nevillie Jessie Mistry ceased to be Additional Director on 20 Dec 2022. Abdulla Akberali Olia ceased to be Director on 22 Aug 2022. Taher Abooly Haidermota ceased to be Director on 22 Aug 2022. Modern Flats has 11 board changes on record in total.
The registered office of Modern Flats is at Modern Flat Bldg. 128 – Wodehouse Road Colaba, Mumbai, Maharashtra, India – 400005.
Modern Flats operates in the real estate industry, in the real estate leasing segment.
The compliance status of Modern Flats is compliant as of 16 August 2026. The company is actively filing with the Registrar of Companies.