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.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.38 1st Floor N. R. Road, Bangalore, Karnataka, India – 560002
- IndustryManufacturing, Sanitaryware & Tile, Ceramics
- 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
- One PDF report, delivered after checkout
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 Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| C | Manufacturing | C13 | Other manufacturing including jewellery, musical instruments, medical instruments, sports goods, etc. activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
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.
Compounded Annual Growth Rate (CAGR) of Modi Granites Private Limited
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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 2.6% | •••• | •••• | •••• | •••• |
| 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.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Auditor Details of Modi Granites Private Limited
Modi Granites Private Limited is audited by PITALIYA & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PITALIYA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
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.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Satish Kumar Modi | Managing Director | 14 Feb 2012 | 14 Years 7 Months | Current |
| Ritesh Kumar Modi | Director | 14 Feb 2012 | 14 Years 7 Months | Current |
| Gaurav Modi | Director | 14 Feb 2012 | 14 Years 7 Months | Current |
Ownership and Shareholding of Modi Granites Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Modi Granites Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 28 Oct 2025 | Hdfc Bank Limited | ₹9.15 Lakh | Open |
| 28 Feb 2025 | Hdfc Bank Limited | ₹24.78 Cr | Open |
| 03 Jan 2024 | Indian Overseas Bank | ₹9.59 Lakh | Open |
| 11 Aug 2023 | Indian Overseas Bank | ₹1 Cr | Open |
| 16 Mar 2023 | Indian Overseas Bank | ₹2.81 Cr | Open |
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.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Modi Granites Private Limited
Modi Granites Private Limited has 10 court cases on record: 8 filed by Modi Granites, 2 filed against it. 3 cases are pending and 7 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 6 | 0 | 2 |
| District courts | 4 | 2 | 1 |
Cases on record (5 of 10)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Rathinagiri Granites Private Limited | Pending |
| District court, BENGALURU, Karnataka | Criminal complaint | Filed by the company against Rathinagiri Granites Private Limited | Disposed |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Deputy Commissioner of Central Excise and GST | Pending |
| Madras High Court | Writ petition | Filed by the company against Deputy Commissioner of Central Excise and GST | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Deputy Commissioner of Central Excise and GST | Disposed |
Full case history
All 10 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Modi Granites Private Limited
Modi Granites operates one associated brand: Modi Granites. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| 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 and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
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.
9 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Modi Granites Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Modi Granites Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Modi Granites Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Modi Granites Private Limited
Modi Granites has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAICM0128L1ZL | Tamil Nadu | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Modi Granites Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
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:
- Satish Kumar Modi - Managing Director
- Ritesh Kumar Modi - Director
- Gaurav Modi - Director
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.