About Modern India Con Cast Ltd
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Modern India Con Cast Ltd is a public limited company based in Kolkata, West Bengal, India, a subsidiary of Kashvi Power & Steel Private Limited. It operates in the metal manufacturing and processing segment of the metals and mining sector. It was incorporated on 08 April 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U27106WB1987PLC042166. Its GSTIN is 19AADCM3091K2Z5 (West Bengal). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹68.51 Cr and a paid-up capital of ₹60.51 Cr. It is led by directors including Debabrata Behera (Managing Director) and Soumya Ranjan Panda.
Its last annual general meeting (AGM) was held on 20 August 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 8B 'Everest' 46C Jawaharlal Nehru Road, Kolkata, West Bengal, India – 700071.
As per the financials filed for FY 2025, the company reported a revenue of ₹537.86 Cr, a growth of 58% compared to the previous year. For the same year it recorded a net profit of ₹16.14 Cr (net margin 3%) and EBITDA of ₹44.17 Cr (EBITDA margin 8.2%).
As per MCA filings, the company has open charges of ₹186 Cr and satisfied charges of ₹1,206.31 Cr on record. Court records list 16 cases involving the company, including 6 filed by the company and 10 filed against it; 3 cases are pending. The company has 14 deals on record (8 funding rounds, 6 secondary share transfers), with disclosed funding of ₹68.23 Cr; the latest was in August 2023. Its 6 peer companies in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products) are compared by revenue, 2 larger and 4 smaller; the largest is Sakar Industries Private Limited with revenue of ₹568.49 Cr. The company has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 23 overdue payments to 16 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 groupkashvi.com.
Company details
CIN history
Modern India Con Cast has one previous CIN (Corporate Identification Number): U27106WB1987PTC042166. The current CIN is U27106WB1987PLC042166, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U27106WB1987PLC042166 | Current |
| U27106WB1987PTC042166 | Previous |
Contact details
Modern India Con Cast Ltd's registered office is in Kolkata, West Bengal. Its website is groupkashvi.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address8B 'Everest' 46C Jawaharlal Nehru Road, Kolkata, West Bengal, India – 700071
- IndustryMetals and Minerals, Metal Manufacturing & Processing
To see the full contact details of Modern India Con Cast Ltd, 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
Business activity
The main business activity of Modern India Con Cast is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Modern India Con Cast Ltd, buy the company report.
Financials of Modern India Con Cast Ltd
FY 2024 filings availableModern India Con Cast Ltd reported revenue of ₹537.86 Cr (up 58% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 58% in the latest year. EBITDA rose 75% 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 | ₹44.17 Cr | ||||
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| Net Profit (PAT) | ₹16.14 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 | 8.2% | ||||
| Net Profit Margin | 3% | ||||
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To see the full financial statements and ratios of Modern India Con Cast Ltd, buy the company report.
Board of directors of Modern India Con Cast Ltd
Modern India Con Cast has 4 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Soumya Ranjan Panda Also directs: Kashvi Power & Steel Private Limited | Director | 16 Jan 2024 | 2 Years 9 Months | Current |
| Susmita Behera Also directs: Kashvi Agritech Private Limited, Kashvi Ispat & Alloys Private Limited, Sri Ganesh Sponge Iron Private Limited. and 2 more | Director | 30 Sep 2021 | 5 Years 1 Months | Current |
| Debabrata Behera Also directs: Kashvi Agritech Private Limited, Kashvi Ispat & Alloys Private Limited, Starlight Iron Private Limited and 4 more | Managing Director | 30 Sep 2021 | 5 Years 1 Months | Current |
| Satrujeet Sahoo Also directs: Kashvi International Private Limited | Director | 05 Jun 2023 | 3 Years 4 Months | Current |
Peer comparison
Modern India Con Cast Ltd is compared with the 6 companies closest to it by revenue in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sakar Industries Private Limited | ₹568.49 Cr (FY 2025) | 47.0% | Ahmedabad, Gujarat, India | |||
| Kopertek Metals Private Limited | ₹553.92 Cr (FY 2024) | 0.0% | New Delhi, Delhi, India | |||
| Modern India Con Cast Ltdthis company | ₹537.86 Cr (FY 2025) | ₹16.14 Cr | 3% | 58.0% | Kolkata, West Bengal, India | |
| Shivalik Bimetal Controls Limited | ₹521.19 Cr (FY 2025) | -1.0% | Himachal, Himachal Pradesh, India | |||
| Imac Alloy Casting Private Limited | ₹519.45 Cr (FY 2025) | -8.0% | Chennai, Tamil Nadu, India | |||
| Dwarkadhish Venture Private Limited | ₹513.88 Cr (FY 2025) | 24.0% | Jamnagar, Gujarat, India | |||
| Siyaram Recycling Industries Limited | ₹513.79 Cr (FY 2025) | 24.0% | Jamnagar, Gujarat, India |
To see the full peer comparison of Modern India Con Cast Ltd, buy the company report.
Auditor
Modern India Con Cast Ltd is audited by UKMAHAPATRACO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| UKMAHAPATRACO | FY 2023 | 320039E |
Shareholding
The shareholding of Modern India Con Cast Ltd 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 2019 | FY 2018 | FY 2017 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Modern India Con Cast Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Nov 2023 | 100829771 | Indian Bank | ₹100 Cr | Open | |
| 31 Aug 2023 | 100771717 | State Bank of India | ₹86 Cr | Open | |
| 30 Aug 2023 | 100771458 | State Bank of India | ₹86 Cr | Satisfied | |
| 18 Jul 2013 | 10438922 | Others | ₹294.92 Cr | Satisfied | |
| 03 Apr 2013 | 10420728 | Punjab & Sindh Bank | ₹11 Cr | Satisfied |
To see the full charge records of Modern India Con Cast Ltd, buy the company report.
Total charge records: 18 View all charges
Deals & funding
Modern India Con Cast Ltd has 14 deals on record (8 funding rounds, 6 secondary share transfers), with disclosed funding of ₹68.23 Cr; the latest was in August 2023.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2023 | Funding round | ₹22 Cr | Investors: Kashvi Power & Steel Private Limited |
| Mar 2009 | Funding round | ₹9.95 Cr | Investors: Jhillmil Tie Up Private Limited , Sanchal Holdings Pvt Ltd |
| Oct 2008 | Funding round | ₹7.71 Cr | Investors: Savera Distributors Pvt Ltd |
| Apr 2008 | Secondary share transfer | Undisclosed | Buyer: Sanchal Holdings Pvt Ltd Seller: Agareswar Dev Viniyog Pvt. Ltd |
| Mar 2008 | Funding round | ₹6.16 Cr | Investors: Savera Distributors Pvt Ltd , Sanchal Holdings Pvt Ltd |
To see the full deal history of Modern India Con Cast Ltd, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Modern India Con Cast Ltd has 16 court cases on record: 6 filed by Modern India Con Cast, 10 filed against it. 3 cases are pending and 13 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 9 | 3 | 3 |
| NCLAT | 6 | 6 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 16)
| Court | Type of case | Party | Status |
|---|---|---|---|
| NCLAT, NCLAT New Delhi | Interim or miscellaneous application | Filed against the company by Kashvi Power & Steel Pvt Ltd | Disposed |
| NCLAT, Chairperson Court | Tribunal matter | Filed against the company by Kashvi Power & Steel Pvt Ltd | Disposed |
| NCLT, Kolkata | Insolvency matter | Filed against the company by Rishav Coke Product Private Limited | Disposed |
| High Court, West Bengal | Writ petition | Filed by the company against Union of India and Ors. | Pending |
| Calcutta High Court | Court case (APO) | Filed by the company against The State of West Bengal and Ors. | Pending |
To see the full case history of Modern India Con Cast Ltd, 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
Modern India Con Cast Ltd was last rated by Crisil on 20 Sep 2021.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 20 Sep 2021 |
To see the full credit ratings and regulatory alerts of Modern India Con Cast Ltd, buy the company report.
MSME payment delays
Modern India Con Cast Ltd has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 23 overdue payments to 16 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 16)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Yantra Shilpa Udyog Pvt Ltd | |||
| Printed Electronics Pvt Ltd | |||
| Maharaja Ispat Pvt Ltd | |||
| Bihar Refactories India |
To see the full MSME payment records of Modern India Con Cast Ltd, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Modern India Con Cast has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AADCM3091K2Z5 | West Bengal | Active | 05 Sep 2020 |
To see the full GST registrations and return filing status of Modern India Con Cast Ltd, buy the company report.
Recent activity
Modern India Con Cast Ltd has 20 board changes on record since 2007: 4 appointments and 16 cessations. The latest: Soumya Ranjan Panda ceased to be Additional Director on 19 Aug 2024.
54 earlier events are in the company report.
Frequently asked questions
Modern India Con Cast is an active public limited company based in Kolkata, West Bengal, India. The company works in metal manufacturing and processing, within the metals and minerals industry. It was incorporated on 08 April 1987 (39+ years old) and is registered under CIN U27106WB1987PLC042166.
Modern India Con Cast has 4 current directors:
- Debabrata Behera - Managing Director
- Soumya Ranjan Panda - Director
- Susmita Behera - Director
- Satrujeet Sahoo - Director
The latest financial statements of Modern India Con Cast on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 20 August 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Modern India Con Cast is 19AADCM3091K2Z5, registered in West Bengal. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Modern India Con Cast is U27106WB1987PLC042166. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modern India Con Cast has 16 court cases on record: 6 filed by the company and 10 filed against it. 3 are pending. Most are in the high courts.
Modern India Con Cast was incorporated on 08 April 1987, making it 39+ years old. It is registered with the Registrar of Companies, Kolkata.
Modern India Con Cast has 14 deals on record (8 funding rounds, 6 secondary share transfers), with disclosed funding of ₹68.23 Cr; the latest was in August 2023.
The peers of Modern India Con Cast by revenue are Sakar Industries Private Limited, Kopertek Metals Private Limited, Shivalik Bimetal Controls Limited, Imac Alloy Casting Private Limited, Dwarkadhish Venture Private Limited and 1 more, all in the Metals and Minerals industry (Metals), with the same principal business activity (metal and metal products).
Soumya Ranjan Panda ceased to be Additional Director on 19 Aug 2024. Soumya Ranjan Panda was appointed as Director on 16 Jan 2024. Satrujeet Sahoo ceased to be Additional Director on 29 Sep 2023. Modern India Con Cast has 20 board changes on record in total.
Modern India Con Cast has 1 MSME Form 1 return on record for the period ending Mar 2019, listing 23 overdue payments to 16 micro and small suppliers. The latest return was filed on 23 Aug 2019.
Modern India Con Cast can be reached through the website groupkashvi.com. Its registered office is in Kolkata, West Bengal, India.
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