Modern Salt Works Pvt Ltd
About Modern Salt Works Pvt Ltd
Data last updated:
Modern Salt Works Pvt Ltd is a private limited company based in Mumbai, Maharashtra, India. It operates in the flavouring and seasoning additives segment of the food and beverages sector. It was incorporated on 18 February 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24298MH1987PTC042601. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹6.3 Lakh. It is led by directors including Bhupendra Kumar Arora and Saurin Vikram Patel.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Rahimtulla House 2nd Floor7 Homji Street Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.05 Cr, a growth of 79% compared to the previous year. For the same year it recorded a net profit of ₹1.83 Cr (net margin 15.2%) and EBITDA of ₹2.59 Cr (EBITDA margin 21.5%). Revenue has grown at a compounded annual rate (CAGR) of 29% over three years and 4% over five years.
As per MCA filings, the company has satisfied charges of ₹39.5 Lakh on record. Court records list 5 cases involving the company, including 3 filed by the company and 2 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Modern Salt Works Pvt Ltd's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressRahimtulla House 2nd Floor7 Homji Street Fort, Mumbai, Maharashtra, India – 400001
- IndustryFood and Beverages, Flavouring & Seasoning Additives
To see the full contact details of Modern Salt Works Pvt 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 Salt Works is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities |
To see the full business activity and turnover split of Modern Salt Works Pvt Ltd, buy the company report.
Financials of Modern Salt Works Pvt Ltd
FY 2024 filings availableModern Salt Works Pvt Ltd reported revenue of ₹12.05 Cr (up 79% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 4% over five years, including 79% growth in the latest year. EBITDA rose 99% 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 | ₹2.59 Cr | ||||
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| Net Profit (PAT) | ₹1.83 Cr | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 21.5% | ||||
| Net Profit Margin | 15.2% | ||||
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To see the full financial statements and ratios of Modern Salt Works Pvt Ltd, buy the company report.
Board of directors of Modern Salt Works Pvt Ltd
Modern Salt Works 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 |
|---|---|---|---|---|
| Bhupendra Kumar Arora Also directs: Fastsight Garments Limited, Fine Vincom Private Limited | Director | 12 Mar 2024 | 2 Years 7 Months | Current |
| Saurin Vikram Patel Also directs: Mushupug Consultancy LLP | Director | 01 Mar 1993 | 33 Years 8 Months | Current |
| Mohit Arora | Director | 12 Mar 2024 | 2 Years 7 Months | Current |
| Sushma Arora | Director | 12 Mar 2024 | 2 Years 7 Months | Current |
Auditor
Modern Salt Works Pvt Ltd is audited by C.M.GABHAWALA & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| C.M.GABHAWALA & CO. | FY 2023 | 102870W |
Shareholding
The shareholding of Modern Salt Works Pvt 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 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Modern Salt Works Pvt Ltd, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Mar 2002 | 90223327 | State Bank of Saurashtra | ₹9.5 Lakh | Satisfied | |
| 30 Jun 1999 | 90223034 | State Bank of Saurashtra | ₹15 Lakh | Satisfied | |
| 11 Apr 1994 | 90222317 | State Bank of Saurashtra | ₹15 Lakh | Satisfied |
To see the full charge records of Modern Salt Works Pvt Ltd, buy the company report.
Total charge records: 3 View all charges
Legal cases
Modern Salt Works Pvt Ltd has 5 court cases on record: 3 filed by Modern Salt Works, 2 filed against it. 2 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 0 | 0 |
| District courts | 2 | 2 | 2 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Bhavnagar, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Pending |
| District court, Bhavnagar, Gujarat | Court case (REFER T LC) | Filed against the company by an individual | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against individuals | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Secretary,Department of Industries and Mines and 2 others | Disposed |
| High Court, GUJARAT | Special civil application | Filed by the company against Union of India and 4 others | Disposed |
To see the full case history of Modern Salt Works Pvt 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Modern Salt Works Pvt Ltd; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Modern Salt Works has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Modern Salt Works Pvt Ltd, buy the company report.
Recent activity
Modern Salt Works Pvt Ltd has 11 board changes on record since 1993: 4 appointments and 7 cessations. The latest: Bhupendra Kumar Arora was appointed as Director on 12 Mar 2024.
11 earlier events are in the company report.
Frequently asked questions
Modern Salt Works is an active private limited company based in Mumbai, Maharashtra, India. The company works in flavouring and seasoning additives, within the food and beverages industry. It was incorporated on 18 February 1987 (39+ years old) and is registered under CIN U24298MH1987PTC042601.
Modern Salt Works has 4 current directors:
- Bhupendra Kumar Arora - Director
- Saurin Vikram Patel - Director
- Mohit Arora - Director
- Sushma Arora - Director
The latest financial statements of Modern Salt Works on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. Modern Salt Works has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Modern Salt Works is U24298MH1987PTC042601. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modern Salt Works has 5 court cases on record: 3 filed by the company and 2 filed against it. 2 are pending. Most are in the high courts.
Modern Salt Works was incorporated on 18 February 1987, making it 39+ years old. It is registered with the Registrar of Companies, Mumbai.
Bhupendra Kumar Arora was appointed as Director on 12 Mar 2024. Mohit Arora was appointed as Director on 12 Mar 2024. Sushma Arora was appointed as Director on 12 Mar 2024. Modern Salt Works has 11 board changes on record in total.
The registered office of Modern Salt Works is at Rahimtulla House 2nd Floor7 Homji Street Fort, Mumbai, Maharashtra, India – 400001.
Modern Salt Works operates in the food and beverages industry, in the flavouring and seasoning additives segment.
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