Modi Granites Private Limited

Modi Granites Private Limited - manufacturing in Bangalore, Karnataka, India. FY 2026 financials & compliance.
CIN U14102KA2012PTC062521 Incorporated 14 February 2012 ROC Bangalore HQ Bangalore, Karnataka, India
Active Private Limited Company manufacturing
Data last updated
Revenue · FY 2024
₹35.15 Cr
▼ 11% YoY
Net profit · FY 2024
₹90.61 Lakh
Net margin 2.6%
EBITDA · FY 2024
₹5.66 Cr
EBITDA margin 16.1%
Authorised capital
₹4 Cr
Registered with MCA
Paid-up capital
₹3.38 Cr
Issued & subscribed
Open charges
₹64.95 Cr
Secured borrowings
Company age
14 yrs
Est. 2012
Employees · EPFO
113
Provident fund records

About Modi Granites Private Limited

Data last updated:

Modi Granites Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the sanitaryware and tile segment of the manufacturing sector. It was incorporated on 14 February 2012 and has been in existence for over 14 years.

The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U14102KA2012PTC062521. Its GSTIN is 33AAICM0128L1ZL (Tamil Nadu). The company holds 2 GST registrations, of which 1 is active.

The company has an authorised share capital of ₹4 Cr and a paid-up capital of ₹3.38 Cr. It is led by directors including Satish Kumar Modi (Managing Director) and Ritesh Kumar Modi.

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 No.38 1st Floor N. R. Road, Bangalore, Karnataka, India – 560002.

As per the financials filed for FY 2024, the company reported a revenue of ₹35.15 Cr, a decline of 11% compared to the previous year. For the same year it recorded a net profit of ₹90.61 Lakh (net margin 2.6%) and EBITDA of ₹5.66 Cr (EBITDA margin 16.1%). Revenue has grown at a compounded annual rate (CAGR) of 2% over three years and 2% over five years.

The company has about 113 employees on its provident fund (EPFO) records.

The company is associated with 1 brand: Modi Granites. As per MCA filings, the company has open charges of ₹64.95 Cr on record. Court records list 10 cases involving the company, including 8 filed by the company and 2 filed against it; 3 cases are pending. The company has 1 deal on record (1 secondary share transfer); the latest was in March 2018.

The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modigranites.com.

Company Details of Modi Granites Private Limited
CIN U14102KA2012PTC062521
Registration Number 062521
Incorporation Date 14 February 2012
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
Contact Details
  • Email
    Locked
  • Telephone
    Locked
  • Social Media
    Locked
  • Registered Address
    No.38 1st Floor N. R. Road, Bangalore, Karnataka, India – 560002
  • Industry
    Manufacturing, Sanitaryware & Tile, Ceramics
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Financials, compliance, directors, charges, ownership and filings for Modi Granites Private Limited in one report.

Financials from 2015 Directors & ownership Charges & compliance

Business Activity of Modi Granites Private Limited

The main business activity of Modi Granites is manufacturing. In detail, this covers other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities.

Main Activity Group CodeDescription of Main ActivityBusiness Activity CodeDescription of Business ActivityTurnover Percentage
CManufacturingC13Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activitiesLocked
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Business activity turnover details

Turnover share and past changes in activity are in the company report.

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Financials of Modi Granites Private Limited FY 2025 filings available

Modi Granites Private Limited reported revenue of ₹35.15 Cr (down 11% YoY) for FY 2024.

Revenue · FY 2024
₹35.15 Cr ▼ 11%
Net profit · FY 2024
₹90.61 Lakh margin 2.6%
EBITDA · FY 2024
₹5.66 Cr margin 16.1%

Compounded Annual Growth Rate (CAGR) of Modi Granites Private Limited

Revenue CAGR growth
1 year
▼ 11%
3 years · compounded
▲ 2%
5 years · compounded
▲ 2%
EBITDA CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 7%
5 years · compounded
▲ 3%

Revenue fell 11% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 16% 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 Modi Granites Private Limited

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
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₹5.66 Cr••••••••••••••••
Profit Before Tax••••••••••••••••••••
Tax Expense••••••••••••••••••••
Net Profit (PAT)₹90.61 Lakh••••••••••••••••
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 Modi Granites Private Limited

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Profitability
EBITDA Margin16.1%••••••••••••••••
Net Profit Margin2.6%••••••••••••••••
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 Modi Granites are in the company report.

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Financial statements from 2015

Earlier years and trend charts are in the company report.

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Auditor Details of Modi Granites Private Limited

Modi Granites Private Limited is audited by PITALIYA & ASSOCIATES for the financial year 2023.

NameStatusAppointment DateCessation Date
PITALIYA & ASSOCIATESLockedLockedLocked
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Board of Directors of Modi Granites Private Limited

Modi Granites has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Satish Kumar ModiManaging Director14 Feb 201214 Years 7 MonthsCurrent
Ritesh Kumar ModiDirector14 Feb 201214 Years 7 MonthsCurrent
Gaurav ModiDirector14 Feb 201214 Years 7 MonthsCurrent

Ownership and Shareholding of Modi Granites Private Limited

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Shareholding and ownership data

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Charges & Borrowings of Modi Granites Private Limited

Open charges
₹64.95 Cr
Satisfied charges
None
Breakdown by lending institutions
Indian Overseas Bank₹39.92 Cr
Hdfc Bank Limited₹24.94 Cr
Others₹0.09 Cr
Latest charge details
DateLenderAmountStatus
28 Oct 2025Hdfc Bank Limited₹9.15 LakhOpen
28 Feb 2025Hdfc Bank Limited₹24.78 CrOpen
03 Jan 2024Indian Overseas Bank₹9.59 LakhOpen
11 Aug 2023Indian Overseas Bank₹1 CrOpen
16 Mar 2023Indian Overseas Bank₹2.81 CrOpen

Total charge records: 10 View all charges

Deals & Funding of Modi Granites Private Limited

Modi Granites Private Limited has 1 deal on record (1 secondary share transfer); the latest was in March 2018.

Total deals
1
Secondary share transfer
1

Deals on record (1 of 1)

WhenDealAmountParties
Mar 2018Secondary share transferUndisclosedBuyer: 3 individuals
Seller: 2 individuals
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Full deal history

All 1 deals with amounts, valuations, instruments and every party are in the company report.

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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.

Associated Brands with Modi Granites Private Limited

Modi Granites operates one associated brand: Modi Granites. Each brand links to its own profile.

BrandDescriptionWebsite
Supplier of high-quality granite blocks, slabs, and finished products for construction projects worldwide.modigranites.com

Employees and EPFO Compliance at Modi Granites Private Limited

Modi Granites Private Limited has a workforce of 113 employees as of Apr 05, 2024.

Employee count
113
Active EPFO establishments
1
Employee growth
-9.6%
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Employee and EPFO history

Monthly headcount, contribution history and filing status are in the company report.

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Recent Activity on Modi Granites Private Limited

Modi Granites Private Limited has 6 board changes on record since 2012: 3 appointments and 3 cessations. The latest: Rashmi Modi ceased to be Director on 31 Dec 2016.

Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.09 Cr with Charge ID 101180373 was registered on 28 Oct 2025.
AGM
Modi Granites Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with Hdfc Bank Limited of Rs. 24.78 Cr registered on 28 Feb 2025 with Charge ID 101079477 was modified on 14 May 2025.
Filing
Modi Granites Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 24.78 Cr with Charge ID 101079477 was registered on 28 Feb 2025.
Charges
A charge with Indian Overseas Bank of Rs. 34.18 Cr registered on 28 Nov 2014 with Charge ID 10549654 was modified on 04 Apr 2024.
Charges
A charge with Indian Overseas Bank amounted to Rs. 0.10 Cr with Charge ID 100856414 was registered on 03 Jan 2024.
Charges
A charge with Indian Overseas Bank amounted to Rs. 1.00 Cr with Charge ID 100805591 was registered on 11 Aug 2023.
Charges
A charge with Indian Overseas Bank amounted to Rs. 2.81 Cr with Charge ID 100731214 was registered on 16 Mar 2023.
Charges
A charge with Indian Overseas Bank amounted to Rs. 1.50 Cr with Charge ID 100586419 was registered on 29 Mar 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 0.06 Cr with Charge ID 100451312 was registered on 27 Apr 2021.
Charges
A charge with Indian Overseas Bank amounted to Rs. 0.34 Cr with Charge ID 100159078 was registered on 31 Aug 2017.

9 earlier events are listed in the company report.

Credit Ratings, Litigation & Regulatory Alerts for Modi Granites Private Limited

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MSME Payment Delays by Modi Granites Private Limited

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Subsidiaries & Group Companies of Modi Granites Private Limited

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Corporate group structure

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GST Compliance of Modi Granites Private Limited

Modi Granites has 2 GST registrations: 1 active and 1 cancelled or inactive.

Total GSTINs
2
Active
1
Cancelled / inactive
1
GSTINStateStatusRegistered on
33AAICM0128L1ZLTamil NaduActive01 Jul 2017
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GST registrations and filing compliance

State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.

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MCA Filings & Documents of Modi Granites Private Limited

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MCA filings and documents

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Frequently Asked Questions about Modi Granites Private Limited

Modi Granites is an active private limited company based in Bangalore, Karnataka, India. The company works in sanitaryware and tile, within the manufacturing industry. It was incorporated on 14 February 2012 (14+ years old) and is registered under CIN U14102KA2012PTC062521.

Modi Granites reported revenue of ₹35.15 Cr for FY 2024 (down 11% YoY).

Modi Granites has 3 current directors:

Modi Granites reported a net profit of ₹90.61 Lakh (net margin 2.6%) and EBITDA of ₹5.66 Cr (EBITDA margin 16.1%) for FY 2024, as per its filed financial statements.

The compounded annual growth rate (CAGR) of the revenue of Modi Granites is 2% over three years and 2% over five years. In the latest year (FY 2024) revenue fell 11%. CAGR is the steady yearly rate that links the first and the last year.

The GSTIN of Modi Granites is 33AAICM0128L1ZL, registered in Tamil Nadu. 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 Modi Granites is U14102KA2012PTC062521. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Modi Granites has 10 court cases on record: 8 filed by the company and 2 filed against it. 3 are pending. Most are in the high courts.

Modi Granites was incorporated on 14 February 2012, making it 14+ years old. It is registered with the Registrar of Companies, Bangalore.

Modi Granites has 1 deal on record (1 secondary share transfer); the latest was in March 2018.

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