About Modern India Limited
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Modern India Limited is a public limited company based in Mumbai, Maharashtra, India. It operates in the transmission and distribution segment of the energy sector. It was incorporated on 24 October 1933 and has been in existence for over 93 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U17120MH1933PLC002031. Its GSTIN is 27AAACT4121E1ZT (Maharashtra). The company holds 6 GST registrations, of which 5 are active.
The company has an authorised share capital of ₹80 Cr and a paid-up capital of ₹6.96 Cr. It was formerly known as The Modern Mills Limited. It is led by directors including Vijaykumar Mahabirprasad Jatia (Managing Director) and Sidhant Vijaykumar Jatia (Whole-Time Director).
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1 Mittal Chambers 228 Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹590.16 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹240.2 Cr (net margin 40.7%) and EBITDA of ₹319.19 Cr (EBITDA margin 54.1%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years.
The company has about 46 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Modern India. As per MCA filings, the company has open charges of ₹574.34 Cr and satisfied charges of ₹632.12 Cr on record. Court records list 273 cases involving the company, including 163 filed by the company and 110 filed against it; 115 cases are pending. The company has 14 deals on record (14 market trades); the latest was in October 2014. Its 10 peer companies in the same principal business activity (real estate activities with own or leased property) are compared by revenue, 5 larger and 5 smaller; the largest is Ansal Properties and Infrastructure Limited with revenue of ₹612.13 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modernindia.co.in.
Company details
CIN history
Modern India has one previous CIN (Corporate Identification Number): L17120MH1933PLC002031. The current CIN is U17120MH1933PLC002031, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17120MH1933PLC002031 | Current |
| L17120MH1933PLC002031 | Previous |
Contact details
Modern India Limited's registered office is in Mumbai, Maharashtra. Its website is modernindia.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1 Mittal Chambers 228 Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryEnergy, Transmission And Distribution, Electric Power Generation
To see the full contact details of Modern India 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
Modern India operates one associated brand: Modern India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of real estate development, renewable energy, global sourcing, and HR services | modernindia.co.in |
Business activity
The main business activities of Modern India are real estate, trade and electricity, gas, steam and air condition supply. In detail, this covers real estate activities with own or leased property, wholesale trading and electric power generation, transmission and distribution. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| L | Real Estate | L1 | Real estate activities with own or leased property | |
| G | Trade | G1 | Wholesale Trading | |
| D | Electricity, gas, steam and air condition supply | D1 | Electric power generation, transmission and distribution |
To see the full business activity and turnover split of Modern India Limited, buy the company report.
Financials of Modern India Limited
FY 2024 filings availableModern India Limited reported revenue of ₹590.16 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 52% over three years, including 5% growth in the latest year. EBITDA fell 3% 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 | ₹319.19 Cr | ||||
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| Net Profit (PAT) | ₹240.2 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 | 54.1% | ||||
| Net Profit Margin | 40.7% | ||||
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To see the full financial statements and ratios of Modern India Limited, buy the company report.
Board of directors of Modern India Limited
Modern India has 9 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajas Ratanchand Doshi Also directs: The Indian Hume Pipe Company Limited, Ihp Finvest Limited, Ratanchand Investment Private Limited and 4 more | Director | 01 Aug 2024 | 2 Years 2 Months | Current |
| Kaiwan Dossabhoy Kalyaniwalla Also directs: Allcargo Terminals Limited, Transindia Real Estate Limited, Allcargo Logistics Limited and 5 more | Director | 16 May 2014 | 12 Years 5 Months | Current |
| Sidhant Vijaykumar Jatia | Whole-Time Director | 17 Jun 2024 | 2 Years 4 Months | Current |
| Pradip Kumar Bubna | Director | 29 Apr 2002 | 24 Years 5 Months | Current |
| Satyan Shivkumar Israni Also directs: Simplex Modern Homes Private Limited, Simplex Realty Limited, Cravatex Limited and 5 more | Director | 08 Nov 2023 | 2 Years 11 Months | Current |
| Gauri Jatia | Director | 30 Jun 2003 | 23 Years 3 Months | Current |
Peer comparison
Modern India Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (real estate activities with own or leased property), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Ansal Properties and Infrastructure Limited | ₹612.13 Cr (FY 2024) | -29.0% | New Delhi, Delhi, India | |||
| Purvanchal Projects Private Limited | ₹606.26 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Select Infrastructure Private Limited | ₹605.48 Cr (FY 2025) | 9.0% | Thane, Maharashtra, India | |||
| Radiance Realty Developers India Limited | ₹596.03 Cr (FY 2024) | 40.0% | Chennai, Tamil Nadu, India | |||
| Kairos Properties Private Limited | ₹591.77 Cr (FY 2025) | 4.0% | Mumbai, Maharashtra, India | |||
| Modern India Limitedthis company | ₹590.16 Cr (FY 2025) | ₹240.2 Cr | 40.7% | 5.0% | 46 | Mumbai, Maharashtra, India |
| Gulshan Homz Private Limited | ₹586.66 Cr (FY 2025) | 444.0% | Delhi, India | |||
| Sycamore Real Estate Private Limited | ₹581.63 Cr (FY 2025) | 68327.0% | Mumbai, Maharashtra, India | |||
| Acme Chem Ltd | ₹580.37 Cr (FY 2025) | 3.0% | Kolkata, West Bengal, India | |||
| Sundew Properties Limited | ₹558.47 Cr (FY 2025) | 2.0% | Hyderabad, Telangana, India | |||
| Ashiana Housing Limited | ₹557.45 Cr (FY 2025) | -42.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Modern India Limited, buy the company report.
Auditor
Modern India Limited is audited by Khandelwal Jain And Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Khandelwal Jain And Co | FY 2023 | 105049W |
Shareholding
The shareholding of Modern India 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 Modern India Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Oct 2025 | 101181157 | Hdfc Bank Limited | ₹1.03 Cr | Open | |
| 29 Nov 2024 | 101031370 | Hdfc Bank Limited | ₹2.57 Cr | Open | |
| 06 Oct 2023 | 100816076 | Hdfc Bank Limited | ₹24.72 Lakh | Open | |
| 06 Oct 2023 | 100816068 | Hdfc Bank Limited | ₹40.91 Lakh | Open | |
| 24 Jul 2023 | 100761230 | Others | ₹50 Cr | Open |
To see the full charge records of Modern India Limited, buy the company report.
Total charge records: 28 View all charges
Deals & funding
Modern India Limited has 14 deals on record (14 market trades); the latest was in October 2014.
Deals on record (5 of 14)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2014 | Market trade | ₹2.38 Cr | Buyer: Mavi Investment Seller: Lloyds Enterprises Limited |
| Oct 2014 | Market trade | ₹7.76 Cr | Buyer: Mavi Investment Seller: Lloyds Enterprises Limited |
| Sep 2014 | Market trade | ₹4.08 Cr | Buyer: Eriska Investment Fund Ltd Seller: Jaipuria Silk Mills Private Limited |
| Aug 2014 | Market trade | ₹8 Cr | Buyer: Eriska Investment Fund Ltd Seller: Jaipuria Silk Mills Private Limited , Ogardhani Exports Private Limited |
| Jul 2014 | Market trade | ₹3.56 Cr | Buyer: Eriska Investment Fund Ltd Seller: Mega Resources Ltd |
To see the full deal history of Modern India 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
Modern India Limited has 273 court cases on record: 163 filed by Modern India, 110 filed against it. 115 cases are pending and 158 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 218 | 80 | 102 |
| District courts | 49 | 26 | 13 |
| Supreme Court | 5 | 4 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 273)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Loil Health Foods Limited and Anr. and 2 others | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Loil Continental Foods Limited and 3 others | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed against the company by Loil Overseas Foods Limited and 2 Ors. and 2 others | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by National Spot Exchange Limited | Pending |
| High Court, MAHARASHTRA | Court case (CRR) | Filed by the company against Financial Technologies (India) Ltd. and Ors. | Pending |
To see the full case history of Modern India 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 India Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Modern India has 1 subsidiary company. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Verifacts Services Private Limited | U74140KA2005PTC035878 |
To see the full group structure of Modern India Limited, buy the company report.
Employees & EPFO
Modern India Limited has a workforce of 46 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Modern India has 6 GST registrations: 5 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACT4121E1ZT | Maharashtra | Active | 01 Jul 2017 |
| 27AAACT4121E2ZS | Maharashtra | Active | 04 Jul 2024 |
| 27AAACT4121E3ZR | Maharashtra | Active | 26 Mar 2025 |
| 27AAACT4121E4ZQ | Maharashtra | Active | 12 Jun 2025 |
To see the full GST registrations and return filing status of Modern India Limited, buy the company report.
Recent activity
Modern India Limited has 26 board changes on record since 1994: 11 appointments and 15 cessations. The latest: Anuj Anand Didwania ceased to be Additional Director on 26 Sep 2024.
68 earlier events are in the company report.
Frequently asked questions
Modern India is an active public limited company based in Mumbai, Maharashtra, India. The company works in transmission and distribution, within the energy industry. It was incorporated on 24 October 1933 (93+ years old) and is registered under CIN U17120MH1933PLC002031.
Modern India has 9 current directors:
- Vijaykumar Mahabirprasad Jatia - Managing Director
- Sidhant Vijaykumar Jatia - Whole-Time Director
- Mudit Vijay Kumar Jatia - Whole-Time Director
- Rajas Ratanchand Doshi - Director
- Kaiwan Dossabhoy Kalyaniwalla - Director
- Pradip Kumar Bubna - Director
- Satyan Shivkumar Israni - Director
- Gauri Jatia - Director
- Anuj Anand Didwania - Director
The latest financial statements of Modern India on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Modern India is 27AAACT4121E1ZT, registered in Maharashtra. The company has 6 GST registrations in all, of which 5 are active and 1 is cancelled or inactive. Other active GSTINs include 27AAACT4121E2ZS (Maharashtra), 27AAACT4121E3ZR (Maharashtra), 27AAACT4121E4ZQ (Maharashtra).
The CIN (Corporate Identification Number) of Modern India is U17120MH1933PLC002031. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modern India has 273 court cases on record: 163 filed by the company and 110 filed against it. 115 are pending. Most are in the high courts.
Modern India was incorporated on 24 October 1933, making it 93+ years old. It is registered with the Registrar of Companies, Mumbai.
Modern India has 14 deals on record (14 market trades); the latest was in October 2014.
The peers of Modern India by revenue are Ansal Properties and Infrastructure Limited, Purvanchal Projects Private Limited, Select Infrastructure Private Limited, Radiance Realty Developers India Limited, Kairos Properties Private Limited and 5 more, all in the same principal business activity (real estate activities with own or leased property).
Anuj Anand Didwania ceased to be Additional Director on 26 Sep 2024. Anuj Anand Didwania was appointed as Director on 01 Aug 2024. Rajas Ratanchand Doshi was appointed as Director on 01 Aug 2024. Modern India has 26 board changes on record in total.
Modern India can be reached through the website modernindia.co.in. Its registered office is in Mumbai, Maharashtra, India.