Modern Panels Private Limited
About Modern Panels Private Limited
Data last updated:
Modern Panels Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the wood products and mdf segment of the manufacturing sector. It was incorporated on 05 January 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1995PTC064111. Its GSTIN is 06AAACM8336N1Z4 (Haryana). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹77.73 Lakh. It is led by directors including Prakash Kumar Khetawat and Narendra Kumar Khetawat.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Unit No. 923 Westend Mall District Centre Janakpuri, New Delhi, Delhi, India – 110058.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.34 Cr, a decline of 70% compared to the previous year. For the same year it recorded a net loss of ₹33,560 (net margin -0.1%) and EBITDA of ₹29.97 Lakh (EBITDA margin 12.8%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 18% over five years.
The company has about 26 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹26.51 Cr and satisfied charges of ₹78.82 Lakh on record. Court records list 3 cases involving the company, including 1 filed by the company and 2 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressUnit No. 923 Westend Mall District Centre Janakpuri, New Delhi, Delhi, India – 110058
- IndustryManufacturing, Wood Products & MDF
- 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
- One PDF report, delivered after checkout
Business Activity of Modern Panels Private Limited
The main business activity of Modern Panels is manufacturing. In detail, this covers manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | 16 | Manufacture of wood and of products of wood and cork, except furniture; manufacture of articles of straw and plaiting materials | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Modern Panels Private Limited FY 2025 filings available
Modern Panels Private Limited reported revenue of ₹2.34 Cr (down 70% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Modern Panels Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 70% fall in the latest year. EBITDA fell 44% 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 of Modern Panels Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹29.97 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹33,560 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Modern Panels Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 12.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -0.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Modern Panels are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Modern Panels Private Limited
Modern Panels Private Limited is compared with the companies closest to it by revenue in the Manufacturing industry (Wood, MDF, Particle Board and Plywood). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Jindal Laminates Private Limited | ₹2.4 Cr (FY 2024) | •••• | •••• | •••• | Roopnagar, Punjab, India | |
| Sneh Raj Panels Private Limited | ₹2.4 Cr (FY 2024) | •••• | •••• | 11827.0% | •••• | Bareilly, Uttar Pradesh, India |
| Kandla Ventures Private Limited | ₹2.4 Cr (FY 2019) | •••• | •••• | 90.0% | •••• | Gandhidham, Gujarat, India |
| Good Labels Private Limited | ₹2.37 Cr (FY 2024) | •••• | •••• | 1.0% | •••• | Secunderabad, Telangana, India |
| Meenachil Rubber Wood Limited | ₹2.36 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Kottayam, Kerala, India |
| Modern Panels Private Limited this company | ₹2.34 Cr (FY 2025) | •••• | •••• | -70.0% | •••• | New Delhi, Delhi, India |
| S K Timber Products Private Limited | ₹2.33 Cr (FY 2024) | •••• | •••• | -45.0% | •••• | New Delhi, Delhi, India |
| Vision Decolam Private Limited | ₹2.32 Cr (FY 2025) | •••• | •••• | 59093.0% | •••• | Rajkot, Gujarat, India |
| V B K Woods (India) Private Limited | ₹2.31 Cr (FY 2024) | •••• | •••• | 31.0% | •••• | Raipur, Chhattisgarh, India |
| Prajit Woodfab Private Limited | ₹2.3 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Vijayawada, Andhra Pradesh, India |
| Dual Interior Private Limited | ₹2.29 Cr (FY 2020) | •••• | •••• | 1558.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Modern Panels by revenue in the Manufacturing industry (Wood, MDF, Particle Board and Plywood), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Modern Panels Private Limited
Modern Panels Private Limited is audited by M.L. KEJRIWAL &Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M.L. KEJRIWAL &Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Modern Panels Private Limited
Modern Panels has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Prakash Kumar Khetawat Also directs: Green Woodcrafts Private Limited | Director | 11 Aug 2021 | 5 Years 1 Months | Current |
| Narendra Kumar Khetawat Also directs: Green Woodcrafts Private Limited | Director | 11 Aug 2021 | 5 Years 1 Months | Current |
| Vikash Kumar Khetawat Also directs: Green Woodcrafts Private Limited | Director | 11 Aug 2021 | 5 Years 1 Months | Current |
Ownership and Shareholding of Modern Panels Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Modern Panels Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Jun 2023 | Others | ₹26.51 Cr | Open |
| 15 Jul 2005 | Citicorp Finance India Ltd | ₹6.3 Lakh | Satisfied |
| 23 Dec 2004 | Indian Overseas Bank | ₹52.52 Lakh | Satisfied |
| 22 Dec 2004 | Indian Overseas Bank | ₹20 Lakh | Satisfied |
Total charge records: 4 View all charges
Legal Cases of Modern Panels Private Limited
Modern Panels Private Limited has 3 court cases on record: 1 filed by Modern Panels, 2 filed against it. All cases are disposed. Status as checked between 21 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 2 | 0 |
| High courts | 1 | 0 | 0 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, North West, Delhi | Civil suit | Filed against the company by State | Disposed |
| District court, New Delhi, Delhi | Court case (TRAFFIC CHALLAN) | Filed against the company by State | Disposed |
| High Court of Punjab and Haryana | Writ petition | Filed by the company against State of Haryana | Disposed |
Full case history
All 3 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Modern Panels Private Limited
Modern Panels Private Limited has a workforce of 26 employees as of Apr 01, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Modern Panels Private Limited
Modern Panels Private Limited has 16 board changes on record since 2008: 3 appointments and 13 cessations. The latest: Arun Kumar Agrawal ceased to be Director on 30 Nov 2021.
16 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Modern Panels Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Modern Panels Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Modern Panels Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Modern Panels Private Limited
Modern Panels has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAACM8336N1Z4 | Haryana | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Modern Panels Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Modern Panels Private Limited
Modern Panels is an active private limited company based in New Delhi, Delhi, India. The company works in wood products and mdf, within the manufacturing industry. It was incorporated on 05 January 1995 (31+ years old) and is registered under CIN U74899DL1995PTC064111.
Modern Panels reported revenue of ₹2.34 Cr for FY 2025 (down 70% YoY).
Modern Panels has 3 current directors:
- Prakash Kumar Khetawat - Director
- Narendra Kumar Khetawat - Director
- Vikash Kumar Khetawat - Director
Modern Panels reported a net loss of ₹33,560 (net margin -0.1%) and EBITDA of ₹29.97 Lakh (EBITDA margin 12.8%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Modern Panels is -38% over three years and -18% over five years. In the latest year (FY 2025) revenue fell 70%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Modern Panels is 06AAACM8336N1Z4, registered in Haryana. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Modern Panels is U74899DL1995PTC064111. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modern Panels has 3 court cases on record: 1 filed by the company and 2 filed against it. Most are in the district courts.
Modern Panels was incorporated on 05 January 1995, making it 31+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Modern Panels by revenue are Jindal Laminates Private Limited, Sneh Raj Panels Private Limited, Kandla Ventures Private Limited, Good Labels Private Limited, Meenachil Rubber Wood Limited and 5 more, all in the Manufacturing industry (Wood, MDF, Particle Board and Plywood).
Arun Kumar Agrawal ceased to be Director on 30 Nov 2021. Dilip Kumar Mittal ceased to be Director on 30 Nov 2021. Neeta Agrawal ceased to be Director on 30 Nov 2021. Modern Panels has 16 board changes on record in total.