About Modern Terry Towels Limited
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Modern Terry Towels Limited was a public limited company based in Jaipur, Rajasthan, India. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the textile and fabric production segment of the manufacturing sector. It was incorporated on 13 August 1976.
The company was registered with the Registrar of Companies (ROC), Jaipur, under CIN L17124RJ1976PLC001869. The company has 3 GST registrations on record, none of which is active. It is recorded as listed by MCA, but its shares were delisted from BSE · penal reasons, and no longer trade on a stock exchange.
The company had an authorised share capital of ₹65 Cr and a paid-up capital of ₹38.1 Cr. It was led by directors including Sanjay Baijal (Whole-Time Director) and Sachin Ranka.
Its last annual general meeting (AGM) was held on 22 September 2016, and its latest financial statements are for the year ended 31 March 2016. The registered office was at A – 4 Vijay Path Tilak Nagar, Jaipur, Rajasthan, India – 302004.
As per the financials filed for FY 2016, the company reported a revenue of ₹49.75 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net loss of ₹8.67 Cr (net margin -17.4%) and EBITDA of -₹6.92 Cr (EBITDA margin -13.9%).
The company had about 84 employees on its provident fund (EPFO) records before it was dissolved.
As per MCA filings, the company had satisfied charges of ₹110.55 Cr on record. Court records list 109 cases involving the company, including 44 filed by the company and 65 filed against it; 18 cases are pending.
The last known website on record is modernterrytowels.com.
Company details
CIN history
Modern Terry Towels has one previous CIN (Corporate Identification Number): L17124RJ1979PLC001869. The current CIN is L17124RJ1976PLC001869, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L17124RJ1976PLC001869 | Current |
| L17124RJ1979PLC001869 | Previous |
Contact details
Modern Terry Towels Limited's registered office is in Jaipur, Rajasthan. Its website is modernterrytowels.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA – 4 Vijay Path Tilak Nagar, Jaipur, Rajasthan, India – 302004
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Modern Terry Towels 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
Business activity
The main business activity of Modern Terry Towels is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Modern Terry Towels Limited, buy the company report.
Financials of Modern Terry Towels Limited
FY 2016 filings availableModern Terry Towels Limited reported revenue of ₹49.75 Cr (down 29% YoY) for FY 2016.
Compounded Annual Growth Rate (CAGR)
Revenue fell 29% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| 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 | -₹6.92 Cr | |
| Profit Before Tax | ||
| Tax Expense | ||
| Net Profit (PAT) | -₹8.67 Cr | |
| 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
| Metrics | FY 2015-16 | FY 2014-15 |
|---|---|---|
| Profitability | ||
| EBITDA Margin | -13.9% | |
| Net Profit Margin | -17.4% | |
| 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 | ||
To see the full financial statements and ratios of Modern Terry Towels Limited, buy the company report.
Board of directors of Modern Terry Towels Limited
Modern Terry Towels has 6 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sachin Ranka Also directs: Modern Denim Limited, Modern Insulators Limited | Director | 25 Sep 1992 | 34 Years 1 Months | As last reported |
| Hiralal Sharma | Director | 24 Mar 2001 | 25 Years 7 Months | As last reported |
| Prabhakar Krishna Rao | Director | 31 Mar 2000 | 26 Years 7 Months | As last reported |
| Sanjay Baijal | Whole-Time Director | 01 Jul 2013 | 13 Years 4 Months | As last reported |
| Sureshkumar Mohanlal Sharma Also directs: Modern Insulators Limited | Director | 31 Mar 2008 | 18 Years 7 Months | As last reported |
| Meenu Alok Sacheti | Director | 31 Mar 2015 | 11 Years 7 Months | As last reported |
Peer comparison
Modern Terry Towels Limited is compared with the 6 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SRN Knits Private Limited | ₹49.88 Cr (FY 2025) | 32.0% | Tirupur, Tamil Nadu, India | |||
| Shubham Weaves Private Limited | ₹49.88 Cr (FY 2025) | 56.0% | Surat, Gujarat, India | |||
| CMS Associates Private Limited | ₹49.76 Cr (FY 2025) | -13.0% | New Delhi, Delhi, India | |||
| Modern Terry Towels Limitedthis company | ₹49.75 Cr (FY 2016) | -₹8.67 Cr | -17.4% | -29.0% | 84 | Jaipur, Rajasthan, India |
| Kanhaiya Processors Private Limited | ₹49.74 Cr (FY 2025) | 24.0% | Surat, Gujarat, India | |||
| Hemla Embroidery Mills Pvt Ltd | ₹49.72 Cr (FY 2024) | 16.0% | Harayana, Haryana, India | |||
| K.L. Cotton Textiles Private Limited | ₹49.71 Cr (FY 2025) | -11.0% | New Delhi, Delhi, India |
To see the full peer comparison of Modern Terry Towels Limited, buy the company report.
Auditor
Modern Terry Towels Limited is audited by J T SHAH & CO for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| J T SHAH & CO | FY 2015 | 109616W |
Shareholding
The shareholding of Modern Terry Towels Limited is on record for 2 financial years, the latest being FY 2016, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2016 | FY 2015 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Modern Terry Towels Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 26 Feb 1998 | 80024925 | Bank of India | ₹4.75 Cr | Satisfied | |
| 26 Aug 1995 | 80062567 | Punjab & Sind Bank | ₹2.5 Cr | Satisfied | |
| 12 May 1995 | 80010878 | Indian Overseas Bank | ₹10 Cr | Satisfied | |
| 04 May 1995 | 80024933 | Punjab & Sind Bank | ₹4.13 Cr | Satisfied | |
| 04 May 1995 | 80024934 | Punjab & Sind Bank | ₹25 Lakh | Satisfied |
To see the full charge records of Modern Terry Towels Limited, buy the company report.
Total charge records: 21 View all charges
Legal cases
Modern Terry Towels Limited has 109 court cases on record: 44 filed by Modern Terry Towels, 65 filed against it. 18 cases are pending and 91 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 52 | 32 | 9 |
| District courts | 47 | 29 | 9 |
| Supreme Court | 10 | 4 | 0 |
Cases on record (5 of 109)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed against the company by M/S. Sundaram Industries | Pending |
| District court, Ahmedabad, Gujarat | Court case (SMST R) | Filed by the company against Minaxi Textiles Limited | Pending |
| High Court, GUJARAT | Special civil application | Filed by the company against Gujarat Urja Vikas Nigam Ltd. THR' Its In-Charge and 3 others | Pending |
| District court, Ahmedabad, Gujarat | Court case (SMST S) | Filed by the company against M/S Trimbak Textile Mills Ltd. | Disposed |
| High Court | Court case (COP) | Filed against the company by M/S Dipsi Chemicals Pvt Ltd | Disposed |
To see the full case history of Modern Terry Towels 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 Terry Towels Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Modern Terry Towels Limited has a workforce of 84 employees on its EPFO records as of Apr 02, 2024, across 1 active EPFO establishment.
GST
Modern Terry Towels has 3 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Modern Terry Towels Limited, buy the company report.
Recent activity
Modern Terry Towels Limited has 18 board changes on record since 1976: 12 appointments and 6 cessations. The latest: Brij Lal Khanna ceased to be Nominee Director on 03 Feb 2016.
57 earlier events are in the company report.
Frequently asked questions
Modern Terry Towels has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Modern Terry Towels was a public limited company based in Jaipur, Rajasthan, India. The company worked in textile and fabric production, within the manufacturing industry. It was incorporated on 13 August 1976 and is registered under CIN L17124RJ1976PLC001869. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Modern Terry Towels was incorporated on 13 August 1976. It is registered with the Registrar of Companies, Jaipur.
Modern Terry Towels had 6 directors:
- Sanjay Baijal - Whole-Time Director
- Sachin Ranka - Director
- Hiralal Sharma - Director
- Prabhakar Krishna Rao - Director
- Sureshkumar Mohanlal Sharma - Director
- Meenu Alok Sacheti - Director
The CIN (Corporate Identification Number) of Modern Terry Towels is L17124RJ1976PLC001869. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modern Terry Towels is recorded as a listed company by MCA, but its shares were delisted from BSE · penal reasons, and no longer trade on a stock exchange.
The registered office of Modern Terry Towels is at A – 4 Vijay Path Tilak Nagar, Jaipur, Rajasthan, India – 302004.
Modern Terry Towels can be reached through the website modernterrytowels.com. Its registered office is in Jaipur, Rajasthan, India.
The latest financial statements of Modern Terry Towels on record with the MCA are for the year ended 31 March 2016. Its last annual general meeting was held on 22 September 2016. Year-wise statements from 2015 are in the company report.
No. Modern Terry Towels has 3 GST registrations on record and all of them are cancelled or inactive.
Modern Terry Towels operated in the manufacturing industry, in the textile and fabric production segment.
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