About Modex International Securities Limited
Data last updated:
Modex International Securities Limited is a public limited company based in Delhi, India. The company is currently undergoing Corporate Insolvency Resolution Process (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency professional. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 07 February 1995.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN L74899DL1995PLC065153. The company has 3 GST registrations on record, none of which is active. It is recorded as listed by MCA, but trading in its shares on BSE (537092) has been suspended, so they do not currently trade on a stock exchange.
The company has an authorised share capital of ₹12 Cr and a paid-up capital of ₹12 Cr. It is led by directors including Dharmendra Kumar Arora (Whole-Time Director) and Pavan Sachdeva (Whole-Time Director).
Its last annual general meeting (AGM) was held on 14 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 23/26 Third Floor East Patel Nagar, Delhi, India – 110008.
As per the financials filed for FY 2019, the company reported a revenue of ₹21.15 Cr, a decline of 3% compared to the previous year. For the same year it recorded a net profit of ₹1.28 Cr (net margin 6%) and EBITDA of ₹6.41 Cr (EBITDA margin 30.3%). Revenue has grown at a compounded annual rate (CAGR) of 19% over three years and 25% over five years.
Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Modex India. As per MCA filings, the company has open charges of ₹37.25 Cr and satisfied charges of ₹17 Cr on record. Court records list 36 cases involving the company, including 3 filed by the company and 33 filed against it; 14 cases are pending. The company has 44 deals on record (44 market trades); the latest was in May 2018. Its 3 peer companies in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services) are compared by revenue, 1 larger and 2 smaller; the largest is Regalo Ventures Private Limited with revenue of ₹25.21 Cr.
The last known website on record is modexinternational.com.
Company details
Contact details
Modex International Securities Limited's registered office is in Delhi, Delhi. Its website is modexinternational.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address23/26 Third Floor East Patel Nagar, Delhi, India – 110008
- IndustryFinancial Services, Brokerage & Trading Services
To see the full contact details of Modex International Securities 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
Modex International Securities operates one associated brand: Modex India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Multi-asset trading platform for equities, derivatives, and commodities is operated. | modexindia.com |
Business activity
The main business activity of Modex International Securities is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services and other financial activities. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | |
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Modex International Securities Limited, buy the company report.
Financials of Modex International Securities Limited
FY 2019 filings availableModex International Securities Limited reported revenue of ₹21.15 Cr (down 3% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 3% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 25%. EBITDA rose 178% 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 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹21.15 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹6.41 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.28 Cr | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Inventories | |||||
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Financial Ratios
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 30.3% | ||||
| Net Profit Margin | 6% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Modex International Securities Limited, buy the company report.
Board of directors of Modex International Securities Limited
Modex International Securities has 3 current directors and 17 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sarika Chawla | Director | 28 Mar 2018 | 8 Years 7 Months | As last reported |
| Dharmendra Kumar Arora | Whole-Time Director | 07 Feb 1995 | 31 Years 8 Months | As last reported |
| Pavan Sachdeva | Whole-Time Director | 01 Jun 2009 | 17 Years 4 Months | As last reported |
Peer comparison
Modex International Securities Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Regalo Ventures Private Limited | ₹25.21 Cr (FY 2025) | 2.0% | Delhi, India | |||
| J V S Securities Pvt Ltd | ₹24.73 Cr (FY 2025) | 20.0% | Kolkata, West Bengal, India | |||
| Wiinance Financial Services Private Limited | ₹24.72 Cr (FY 2025) | 40.0% | Jaipur, Rajasthan, India | |||
| Modex International Securities Limitedthis company | ₹21.15 Cr (FY 2019) | ₹1.28 Cr | 6% | -3.0% | Delhi, India |
To see the full peer comparison of Modex International Securities Limited, buy the company report.
Auditor
Modex International Securities Limited is audited by PRAKASH & SANTOSH for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRAKASH & SANTOSH | FY 2019 | 000454C |
Shareholding
The shareholding of Modex International Securities Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Modex International Securities Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 Dec 2019 | 100309488 | Axis Bank Limited | ₹22 Cr | Open | |
| 25 Jun 2019 | 100276215 | Axis Bank Limited | ₹13 Lakh | Open | |
| 16 Apr 2019 | 100256075 | Others | ₹15 Cr | Open | |
| 24 Jul 2018 | 100197380 | Others | ₹12 Lakh | Open | |
| 23 Apr 2016 | 100025242 | Hdfc Bank Limited | ₹20 Lakh | Satisfied |
To see the full charge records of Modex International Securities Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Modex International Securities Limited has 44 deals on record (44 market trades); the latest was in May 2018.
Deals on record (5 of 44)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2016 | Market trade | ₹28.3 Lakh | Buyer: Brain Strong Consulting Limited Seller: an individual |
| Jul 2016 | Market trade | ₹33.8 Lakh | Buyer: Alankit Assignments Limited Seller: Wegmans Financial Services Limited , Alankit Assignments Limited |
| Jul 2016 | Market trade | ₹16.9 Lakh | Buyer: Wegmans Financial Services Limited |
| May 2016 | Market trade | ₹7.3 Lakh | Buyer: Brain Strong Consulting Limited Seller: Brain Strong Consulting Limited |
| May 2016 | Market trade | ₹6.5 Lakh | Seller: Grand Slam Fitness Private Limited |
To see the full deal history of Modex International Securities 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
Modex International Securities Limited has 36 court cases on record: 3 filed by Modex International Securities, 33 filed against it. 14 cases are pending and 22 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 25 | 23 | 11 |
| High courts | 8 | 7 | 3 |
| NCLAT | 2 | 2 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (5 of 36)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Commercial suit | Filed against the company by National Stock Exchange of India Ltd | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed against the company by National Stock Exchange of India Ltd | Pending |
| High Court, MAHARASHTRA | Court case (LPETN) | Filed against the company by National Stock Exchange of India Limited | Disposed |
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed against the company by Axis Bank Limited Through Sonal Gupta Trishul, 3Rd Floor, Opposite Samartheshwar Temple, Near Law Garden, Ellisbridge Ahmedabad ,Ahmedabad , Gujarat | Disposed |
| District court, South East, Delhi | Criminal case | Filed against the company by Rajgarhia Leasing and Financial Services Pvt Ltd | Disposed |
To see the full case history of Modex International Securities 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 Modex International Securities Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Modex International Securities has 1 subsidiary company and 1 associated company. This group structure data is as of FY 2019. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Modex International Securities Ifsc Private Limited | U65990GJ2016PTC094804 |
To see the full group structure of Modex International Securities Limited, buy the company report.
Employees & EPFO
Modex International Securities Limited has 1 active EPFO establishment as of Apr 07, 2024.
GST
Modex International Securities 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 Modex International Securities Limited, buy the company report.
Recent activity
Modex International Securities Limited has 29 board changes on record since 1995: 16 appointments and 13 cessations. The latest: Parminder Singh Kindra ceased to be Director on 01 Jun 2020.
45 earlier events are in the company report.
Frequently asked questions
Modex International Securities is undergoing "Corporate Insolvency Resolution Process" (CIRP) under the Insolvency and Bankruptcy Code, 2016. Management control has been transferred to an insolvency resolution professional. The company may not be able to independently enter into new commitments during this period. This is a high-risk status - verify the resolution status before any engagement.
Modex International Securities is a company under insolvency, formerly operating as a public limited company based in Delhi, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 07 February 1995 and is registered under CIN L74899DL1995PLC065153. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Modex International Securities has 3 current directors:
- Dharmendra Kumar Arora - Whole-Time Director
- Pavan Sachdeva - Whole-Time Director
- Sarika Chawla - Director
The latest financial statements of Modex International Securities on record with the MCA are for the year ended 31 March 2019. Its last annual general meeting was held on 14 September 2019. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Modex International Securities is L74899DL1995PLC065153. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modex International Securities is recorded as a listed company by MCA, but trading in its shares on BSE (537092) has been suspended, so they do not currently trade on a stock exchange.
Modex International Securities has open charges of ₹37.25 Cr and satisfied charges of ₹17 Cr as per latest MCA filings.
Modex International Securities has 36 court cases on record: 3 filed by the company and 33 filed against it. 14 are pending. Most are in the district courts.
Modex International Securities was incorporated on 07 February 1995. It is registered with the Registrar of Companies, Delhi.
Modex International Securities has 44 deals on record (44 market trades); the latest was in May 2018.
The peers of Modex International Securities by revenue are Regalo Ventures Private Limited, J V S Securities Pvt Ltd, Wiinance Financial Services Private Limited, all in the BFSI industry (Broking Services), with the same principal business activity (financial advisory, brokerage and consultancy services).
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