About Modi Car Agencies Private Limited
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Modi Car Agencies Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the automobile dealership and trading segment of the automotive sector. It was incorporated on 14 July 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U50102MH2010PTC205471. Its GSTIN is 27AAGCM6747H1Z4 (Maharashtra).
The company has an authorised share capital of ₹25 Cr and a paid-up capital of ₹24 Cr. It is led by directors including Varsha Vikram Modi and Swapna Prakash Shelar.
Its last annual general meeting (AGM) was held on 29 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.93 Cr, a decline of 98% compared to the previous year. For the same year it recorded a net profit of ₹46.94 Lakh (net margin 7.9%) and EBITDA of ₹2.15 Cr (EBITDA margin 36.3%). Revenue has declined at a compounded annual rate (CAGR) of 71% over three years and 54% over five years.
The company has about 71 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹46.42 Cr and satisfied charges of ₹80 Cr on record. Court records list 15 cases involving the company, including 3 filed by the company and 12 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modihyundai.co.in.
Company details
Contact details
Modi Car Agencies Private Limited's registered office is in Mumbai, Maharashtra. Its website is modihyundai.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressAutoland Excel Estate S V Road, Autoland Excel Estate S V Road, Mumbai, Maharashtra, India – 400104
- IndustryAutomotive, Auto Dealership & Trading
To see the full contact details of Modi Car Agencies Private 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 Modi Car Agencies 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 Modi Car Agencies Private Limited, buy the company report.
Financials of Modi Car Agencies Private Limited
FY 2024 filings availableModi Car Agencies Private Limited reported revenue of ₹5.93 Cr (down 98% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 54% over five years, including a 98% fall in the latest year. EBITDA fell 83% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹2.15 Cr | ||||
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| Net Profit (PAT) | ₹46.94 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 36.3% | ||||
| Net Profit Margin | 7.9% | ||||
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To see the full financial statements and ratios of Modi Car Agencies Private Limited, buy the company report.
Board of directors of Modi Car Agencies Private Limited
Modi Car Agencies has 4 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Varsha Vikram Modi Also directs: Acumen Cars Private Limited, Primedrive Automobiles Private Limited, Autospace Cars Private Limited and 5 more | Director | 07 Sep 2013 | 13 Years 1 Months | Current |
| Swapna Prakash Shelar Also directs: Acumen Cars Private Limited, Primedrive Automobiles Private Limited, Autospace Cars Private Limited and 5 more | Director | 01 Dec 2022 | 3 Years 10 Months | Current |
| Vikram Chimanlal Modi Also directs: Acumen Cars Private Limited, Primedrive Automobiles Private Limited, Autospace Cars Private Limited and 5 more | Director | 14 Jul 2010 | 16 Years 3 Months | Current |
| Vivek Vikram Modi Also directs: Acumen Cars Private Limited, Primedrive Automobiles Private Limited, Autospace Cars Private Limited and 5 more | Director | 24 Oct 2012 | 14 Years 0 Months | Current |
Peer comparison
Modi Car Agencies Private Limited is compared with the 5 companies closest to it by revenue in the Automobiles industry (Auto and Components Dealers), 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 |
|---|---|---|---|---|---|---|
| Aloft Autos Private Limited | ₹5.97 Cr (FY 2020) | Baddi, Himachal Pradesh, India | ||||
| Krishna Vehicles Private Limited | ₹5.95 Cr (FY 2025) | 0.0% | Sangrur, Punjab, India | |||
| Bansal Automotives Private Limited | ₹5.94 Cr (FY 2025) | 40.0% | Bagdogra, West Bengal, India | |||
| Modi Car Agencies Private Limitedthis company | ₹5.93 Cr (FY 2025) | ₹46.94 Lakh | 7.9% | -98.0% | 71 | Mumbai, Maharashtra, India |
| SRS Diamond Tools Private Limited | ₹5.93 Cr (FY 2025) | 42.0% | Chennai, Tamil Nadu, India | |||
| Autalogic Sales and Marketing Private Limited | ₹5.9 Cr (FY 2022) | New Delhi, Delhi, India |
To see the full peer comparison of Modi Car Agencies Private Limited, buy the company report.
Auditor
Modi Car Agencies Private Limited is audited by Yardi Prabhu & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Yardi Prabhu & Associates | FY 2023 | 111727W / W100101 |
Shareholding
The shareholding of Modi Car Agencies 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) | |||||
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| Others |
To see the full shareholding pattern of Modi Car Agencies Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Sep 2023 | 100791890 | Axis Bank Limited | ₹24.45 Cr | Open | |
| 25 Mar 2021 | 100432399 | Hdfc Bank Limited | ₹21.97 Cr | Open | |
| 21 Dec 2022 | 100659032 | Others | ₹50 Lakh | Satisfied | |
| 21 Jun 2022 | 100593417 | Axis Bank Limited | ₹4 Cr | Satisfied | |
| 12 Jan 2021 | 100410352 | Others | ₹1.5 Cr | Satisfied |
To see the full charge records of Modi Car Agencies Private Limited, buy the company report.
Total charge records: 9 View all charges
Legal cases
Modi Car Agencies Private Limited has 15 court cases on record: 3 filed by Modi Car Agencies, 12 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 12 | 12 | 0 |
| High courts | 3 | 0 | 0 |
Cases on record (5 of 15)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The State of Maharashtra and 2 Ors and 2 others | Disposed |
| District court, Mumbai Motor Accident Claims T, Maharashtra | Motor accident claim | Filed against the company by an individual | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The State of Maharashtra and 2 Others and 2 others | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Ss casess) | Filed against the company by Mumbai Municipal Corporation P-South Ward | Disposed |
| High Court, MAHARASHTRA | Writ petition | Filed by the company against The State of Maharashtra and 2 Ors. and 2 others | Disposed |
To see the full case history of Modi Car Agencies 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
Modi Car Agencies Private Limited was last rated by Crisil on 17 Dec 2019.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 17 Dec 2019 |
To see the full credit ratings and regulatory alerts of Modi Car Agencies Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Modi Car Agencies Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Modi Car Agencies Private Limited has a workforce of 71 employees on its EPFO records as of Apr 07, 2024, across 1 active EPFO establishment.
GST
Modi Car Agencies has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCM6747H1Z4 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Modi Car Agencies Private Limited, buy the company report.
Recent activity
Modi Car Agencies Private Limited has 10 board changes on record since 2010: 7 appointments and 3 cessations. The latest: Swapna Prakash Shelar was appointed as Director on 01 Dec 2022.
20 earlier events are in the company report.
Frequently asked questions
Modi Car Agencies is an active private limited company based in Mumbai, Maharashtra, India. The company works in auto dealership and trading, within the automotive industry. It was incorporated on 14 July 2010 (16+ years old) and is registered under CIN U50102MH2010PTC205471.
Modi Car Agencies has 4 current directors:
- Varsha Vikram Modi - Director
- Swapna Prakash Shelar - Director
- Vikram Chimanlal Modi - Director
- Vivek Vikram Modi - Director
The latest financial statements of Modi Car Agencies on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 29 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Modi Car Agencies is 27AAGCM6747H1Z4, registered in Maharashtra.
The CIN (Corporate Identification Number) of Modi Car Agencies is U50102MH2010PTC205471. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modi Car Agencies has 15 court cases on record: 3 filed by the company and 12 filed against it. Most are in the district courts.
Modi Car Agencies was incorporated on 14 July 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Modi Car Agencies by revenue are Aloft Autos Private Limited, Krishna Vehicles Private Limited, Bansal Automotives Private Limited, SRS Diamond Tools Private Limited, Autalogic Sales and Marketing Private Limited, all in the Automobiles industry (Auto and Components Dealers), with the same principal business activity (retail trading).
Swapna Prakash Shelar was appointed as Director on 01 Dec 2022. Bhakti Gautam Modi ceased to be Director on 04 Aug 2016. Gautam Chimanlal Modi ceased to be Director on 04 Aug 2016. Modi Car Agencies has 10 board changes on record in total.
Modi Car Agencies can be reached through the website modihyundai.co.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Modi Car Agencies is at Autoland Excel Estate S V Road, Autoland Excel Estate S V Road, Mumbai, Maharashtra, India – 400104.