MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-20-0038695
Modern Living Solutions Private Limited - consumer electronics & durables in Nagpur, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹34.6 Cr
▼ 6% YoY
Net profit · FY 2024
₹33.27 Lakh
Net margin 1%
EBITDA · FY 2024
₹1.5 Cr
EBITDA margin 4.3%
Authorised capital
₹2 Cr
Registered with MCA
Paid-up capital
₹51 Lakh
Issued & subscribed
Open charges
₹1.71 Cr
Secured borrowings
Company age
15 yrs
Est. 2011
Employees · EPFO
66
Provident fund records
About Modern Living Solutions Private Limited
Data last updated:
Modern Living Solutions Private Limited is a private limited company based in Nagpur, Maharashtra, India, a subsidiary of Space Wood Furnishers Private Limited.. It operates in the furniture retail and distribution segment of the consumer electronics and durables sector. It was incorporated on 21 October 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U20299MH2011PTC223350. Its GSTIN is 27AAHCM5056C1ZL (Maharashtra). The company holds 13 GST registrations, of which 11 are active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹51 Lakh. It is led by directors Vivek Moreshwar Deshpande and Kirit Sharad Joshi.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at T – 48 MIDC Hingna Road, Nagpur, Maharashtra, India – 440016.
As per the financials filed for FY 2024, the company reported a revenue of ₹34.6 Cr, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹33.27 Lakh (net margin 1%) and EBITDA of ₹1.5 Cr (EBITDA margin 4.3%). Revenue has declined at a compounded annual rate (CAGR) of 12% over three years and 2% over five years.
The company has about 66 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹1.71 Cr on record. Court records list 6 cases involving the company, including 4 filed by the company and 2 filed against it. The company has 7 deals on record (7 secondary share transfers); the latest was in June 2015. Its 5 peer companies in the Consumer Durables industry (Furniture Retail and Distribution), with the same principal business activity (retail trading) are compared by revenue, 3 larger and 2 smaller; the largest is Staras Seating Private Limited with revenue of ₹39.44 Cr.
Modern Living Solutions Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-20-0038695). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website spacewood.in.
Company details
CIN U20299MH2011PTC223350
Registration Number 223350
Incorporation Date 21 October 2011
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Space Wood Furnishers Private Limited.
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-20-0038695
Recognitions & Rankings of Modern Living Solutions
Contact details
Modern Living Solutions Private Limited's registered office is in Nagpur, Maharashtra. Its website is spacewood.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressT – 48 MIDC Hingna Road, Nagpur, Maharashtra, India – 440016
- IndustryConsumer Electronics & Durables, Furniture Retail & Distribution
To see the full contact details of Modern Living Solutions Private Limited, buy the company report.
Comprehensive company report
Modern Living Solutions Private Limited - one report that includes everything
- 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
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Secure checkout · GST invoice included
Business activity
The main business activity of Modern Living Solutions is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Modern Living Solutions Private Limited, buy the company report.
Financials of Modern Living Solutions Private Limited
FY 2025 filings availableModern Living Solutions Private Limited reported revenue of ₹34.6 Cr (down 6% YoY) for FY 2024.
Revenue · FY 2024
₹34.6 Cr ▼ 6%
Net profit · FY 2024
₹33.27 Lakh margin 1%
EBITDA · FY 2024
₹1.5 Cr margin 4.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 6%
3 years · compounded
▲ 12%
5 years · compounded
▼ 2%
EBITDA CAGR growth
1 year
▲ 46%
3 years · compounded
▲ 2%
5 years · compounded
▼ 9%
Revenue has declined at a compounded annual rate (CAGR) of 2% over five years, including a 6% fall in the latest year. EBITDA rose 46% 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 | ₹1.5 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹33.27 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 4.3% | ||||
| Net Profit Margin | 1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Modern Living Solutions Private Limited, buy the company report.
Board of directors of Modern Living Solutions Private Limited
Modern Living Solutions has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vivek Moreshwar Deshpande | Director | 20 Mar 2012 | 14 Years 7 Months | Current |
| Kirit Sharad Joshi | Director | 20 Mar 2012 | 14 Years 7 Months | Current |
Peer comparison
Modern Living Solutions Private Limited is compared with the 5 companies closest to it by revenue in the Consumer Durables industry (Furniture Retail and Distribution), with the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Staras Seating Private Limited | ₹39.44 Cr (FY 2025) | 12.0% | Mumbai, Maharashtra, India | |||
| Geelon Retails Private Limited | ₹35.76 Cr (FY 2024) | -23.0% | Surat, Gujarat, India | |||
| Roy Varieties Private Limited | ₹35.16 Cr (FY 2025) | 13.0% | Agartala, Tripura, India | |||
| Modern Living Solutions Private Limitedthis company | ₹34.6 Cr (FY 2024) | ₹33.27 Lakh | 1% | -6.0% | 66 | Nagpur, Maharashtra, India |
| PMG Distribution Private Limited | ₹34.25 Cr (FY 2024) | -47.0% | Bangalore, Karnataka, India | |||
| Dtalemodern Online Private Limited | ₹34.24 Cr (FY 2025) | 9.0% | Ernakulam, Kerala, India |
To see the full peer comparison of Modern Living Solutions Private Limited, buy the company report.
Auditor
Modern Living Solutions Private Limited is audited by CNK & ASSOCIATES LLP for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CNK & ASSOCIATES LLP | FY 2023 | 101961W/W-100036 |
Shareholding
The shareholding of Modern Living Solutions 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 Modern Living Solutions Private Limited, buy the company report.
Charges & borrowings
Open charges
₹1.71 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 09 Dec 2021 | 100514256 | Indian Overseas Bank | ₹21 Lakh | Open | |
| 13 Dec 2012 | 10399682 | Indian Overseas Bank | ₹1.5 Cr | Open |
To see the full charge records of Modern Living Solutions Private Limited, buy the company report.
Total charge records: 2 View all charges
Deals & funding
Modern Living Solutions Private Limited has 7 deals on record (7 secondary share transfers); the latest was in June 2015.
Total deals
7
Secondary share transfers
7
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jun 2015 | Secondary share transfer | Undisclosed | Buyer: Space Wood Furnishers Private Limited & Vivek Moreshwar Deshpande, Space Wood Furnishers Private Limited. , Space Wood Furnishers Private Limited & Kirit Sharad Joshi Seller: 4 individuals |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: Space Wood Furnishers Private Limited. Seller: an individual |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Sep 2013 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: an individual |
| Mar 2012 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Space Wood Furnishers Private Limited. |
To see the full deal history of Modern Living Solutions 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
Modern Living Solutions Private Limited has 6 court cases on record: 4 filed by Modern Living Solutions, 2 filed against it. All cases are disposed.
Total cases
6
Filed by the company
4
Filed against the company
2
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 2 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Court case (RC or ARC) | Filed against the company by M/S Appp Infrastructure Pvt. Ltd | Disposed |
| District court, New Delhi, Delhi | Interim or miscellaneous application | Filed against the company by an individual | Disposed |
| District court, Pune, Maharashtra | Court case (Civil Revn.) | Filed by the company against individuals | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against Income Tax Officer Ward 1( and 7 others | Disposed |
| District court, Nagpur, Maharashtra | Civil suit | Filed by the company against M/S. Unique Modular Concepts and 3 others | Disposed |
To see the full case history of Modern Living Solutions 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
Modern Living Solutions Private Limited was last rated by Icra on 14 Oct 2015.
| Rating agency | Rated on | Rating |
|---|---|---|
| Icra | 14 Oct 2015 |
To see the full credit ratings and regulatory alerts of Modern Living Solutions Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Modern Living Solutions Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Modern Living Solutions Private Limited has a workforce of 66 employees on its EPFO records as of Sep 06, 2024, across 1 active EPFO establishment.
Employee count
66
Active EPFO establishments
1
Employee growth
-27.47%
GST
Modern Living Solutions has 13 GST registrations: 11 active and 2 cancelled or inactive. The first 4 active GSTINs are listed below.
Total GSTINs
13
Active
11
Cancelled / inactive
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCM5056C1ZL | Maharashtra | Active | 01 Jul 2017 |
| 04AAHCM5056C1ZT | Chandigarh | Active | 01 Jul 2017 |
| 06AAHCM5056C1ZP | Haryana | Active | 01 Jul 2017 |
| 07AAHCM5056C1ZN | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Modern Living Solutions Private Limited, buy the company report.
Recent activity
Modern Living Solutions Private Limited has 4 board changes on record since 2012: 2 appointments and 2 cessations. The latest: Darshan Bharatkumar Shukla ceased to be Additional Director on 30 Sep 2013.
AGM
Modern Living Solutions Private Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Charges
A charge with Indian Overseas Bank of Rs. 1.50 Cr registered on 13 Dec 2012 with Charge ID 10399682 was modified on 30 Jul 2025.
Filing
Modern Living Solutions Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Indian Overseas Bank amounted to Rs. 0.21 Cr with Charge ID 100514256 was registered on 09 Dec 2021.
Ceased
Darshan Bharatkumar Shukla ceased to be Additional Director.
Charges
A charge with Indian Overseas Bank amounted to Rs. 1.50 Cr with Charge ID 10399682 was registered on 13 Dec 2012.
Ceased
Chintan Bharatbhai Shukla ceased to be Director.
Appointed
Kirit Sharad Joshi was appointed as Director.
Appointed
Vivek Moreshwar Deshpande was appointed as Director.
Incorporation
21 Oct 2011
Modern Living Solutions Private Limited was registered on 21 Oct 2011 with Roc Mumbai & aged 15 years 6 days as per MCA records.
Frequently asked questions
Modern Living Solutions is an active private limited company based in Nagpur, Maharashtra, India. The company works in furniture retail and distribution, within the consumer electronics and durables industry. It was incorporated on 21 October 2011 (15+ years old) and is registered under CIN U20299MH2011PTC223350.
Modern Living Solutions has 2 current directors:
- Vivek Moreshwar Deshpande - Director
- Kirit Sharad Joshi - Director
The latest financial statements of Modern Living Solutions on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Modern Living Solutions is 27AAHCM5056C1ZL, registered in Maharashtra. The company has 13 GST registrations in all, of which 11 are active and 2 are cancelled or inactive. Other active GSTINs include 04AAHCM5056C1ZT (Chandigarh), 06AAHCM5056C1ZP (Haryana), 07AAHCM5056C1ZN (Delhi).
The CIN (Corporate Identification Number) of Modern Living Solutions is U20299MH2011PTC223350. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modern Living Solutions has 6 court cases on record: 4 filed by the company and 2 filed against it. Most are in the district courts.
Modern Living Solutions was incorporated on 21 October 2011, making it 15+ years old. It is registered with the Registrar of Companies, Mumbai.
Modern Living Solutions has 7 deals on record (7 secondary share transfers); the latest was in June 2015.
The peers of Modern Living Solutions by revenue are Staras Seating Private Limited, Geelon Retails Private Limited, Roy Varieties Private Limited, PMG Distribution Private Limited, Dtalemodern Online Private Limited, all in the Consumer Durables industry (Furniture Retail and Distribution), with the same principal business activity (retail trading).
Darshan Bharatkumar Shukla ceased to be Additional Director on 30 Sep 2013. Chintan Bharatbhai Shukla ceased to be Director on 28 Jul 2012. Kirit Sharad Joshi was appointed as Director on 20 Mar 2012. Modern Living Solutions has 4 board changes on record in total.
Yes, Modern Living Solutions is registered as a small enterprise under Udyam registration (number: UDYAM-MH-20-0038695).