MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-DL-03-0004930
Modi Hitech India Limited - machinery and equipment in Kichha, Uttarakhand, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹219.94 Cr
▲ 8% YoY
Net loss · FY 2025
₹3.93 Cr
Net margin -1.8%
EBITDA · FY 2025
₹5.97 Cr
EBITDA margin 2.7%
Authorised capital
₹7.8 Cr
Registered with MCA
Paid-up capital
₹4.05 Cr
Issued & subscribed
Open charges
₹58.59 Cr
Satisfied ₹117.67 Cr
Company age
43 yrs
Est. 1983
Employees · EPFO
218
Provident fund records
About Modi Hitech India Limited
Data last updated:
Modi Hitech India Limited is a public limited company based in Kichha, Uttarakhand, India, a subsidiary of Longwell Investment Private Limited. It operates in the industrial machinery manufacturing segment of the machinery and industrial equipment sector. It was incorporated on 21 February 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Uttarakhand, under CIN U51109UT1983PLC020219. Its GSTIN is 09AAACM2301H1ZY (Uttar Pradesh). The company holds 12 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹7.8 Cr and a paid-up capital of ₹4.05 Cr. It was formerly known as Morgardshammar India Limited. It is led by directors including Shiv Shankar Agarwal and Abhishek 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 Kichha, Uttarakhand.
As per the financials filed for FY 2025, the company reported a revenue of ₹219.94 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net loss of ₹3.93 Cr (net margin -1.8%) and EBITDA of ₹5.97 Cr (EBITDA margin 2.7%). Revenue has grown at a compounded annual rate (CAGR) of 9% over three years and 18% over five years.
The company has about 218 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Modi HiTech. As per MCA filings, the company has open charges of ₹58.59 Cr and satisfied charges of ₹117.67 Cr on record. Court records list 121 cases involving the company, including 113 filed by the company and 8 filed against it; 50 cases are pending. The company has 11 deals on record (5 funding rounds, 5 secondary share transfers, 1 acquisition), with disclosed funding of ₹12.85 Cr; the latest was in March 2024. The company has 13 MSME Form 1 returns on record between 2019 and 2023, listing 583 overdue payments to 79 micro and small suppliers.
Modi Hitech India Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-03-0004930). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modihitech.com.
Company details
CIN U51109UT1983PLC020219
Registration Number 020219
Incorporation Date 21 February 1983
ROC Uttarakhand
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Parent Company Longwell Investment Private Limited
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-DL-03-0004930
CIN history
Modi Hitech India has one previous CIN (Corporate Identification Number): U51109DL1983PLC015250. The current CIN is U51109UT1983PLC020219, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U51109UT1983PLC020219 | Current |
| U51109DL1983PLC015250 | Previous |
Recognitions & Rankings of Modi Hitech India
Contact details
Modi Hitech India Limited's registered office is in Kichha, Uttarakhand.
- Social Media
- Registered AddressPlot No. 58 59 66 67, Sec – 3 Sidcul, Kichha, Uttarakhand, India – 263153
- IndustryMachinery and Equipment, Industrial Machinery Manufacturing
Comprehensive company report
Modi Hitech India Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Modi Hitech India operates one associated brand: Modi HiTech. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing of welding electrodes, wires, and industrial equipment in India. | gmmarc.com |
Business activity
The main business activities of Modi Hitech India are manufacturing and trade. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment, metal and metal products and wholesale trading. 3 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment | |
| C | Manufacturing | C7 | Metal and metal products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Modi Hitech India Limited, buy the company report.
Financials of Modi Hitech India Limited
FY 2025 filings availableModi Hitech India Limited reported revenue of ₹219.94 Cr (up 8% YoY) for FY 2025.
Revenue · FY 2025
₹219.94 Cr ▲ 8%
Net loss · FY 2025
₹3.93 Cr margin -1.8%
EBITDA · FY 2025
₹5.97 Cr margin 2.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 9%
5 years · compounded
▲ 18%
EBITDA CAGR growth
1 year
▼ 48%
3 years · compounded
▼ 22%
5 years · compounded
▼ 7%
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 8% growth in the latest year. EBITDA fell 48% 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 | ₹5.97 Cr | ||||
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| Net Profit (PAT) | -₹3.93 Cr | ||||
| Balance Sheet | |||||
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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 | 2.7% | ||||
| Net Profit Margin | -1.8% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Modi Hitech India Limited, buy the company report.
Board of directors of Modi Hitech India Limited
Modi Hitech India has 8 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shiv Shankar Agarwal Also directs: Sbec Bioenergy Limited, Sbec Stockholding and Investment Limited, Sbec Systems (India) Limited and 1 more | Director | 07 Oct 2022 | 4 Years 0 Months | Current |
| Abhishek Modi Also directs: Sbec Sugar Limited, Bihar Sponge Iron Limited, Modi Illva India Private Limited and 5 more | Director | 05 Sep 1997 | 29 Years 1 Months | Current |
| Jagan Nath Khurana | Director | 07 Oct 2022 | 4 Years 0 Months | Current |
| Kumkum Modi | Director | 29 Sep 1989 | 37 Years 0 Months | Current |
| Umesh Kumar Modi | Director | 21 Feb 1983 | 43 Years 8 Months | Current |
| Mangat Rai Gupta Also directs: Modilac Private Limited, Modilastek Private Limited, Sbec Stockholding and Investment Limited and 5 more | Director | 01 Jul 2023 | 3 Years 3 Months | Current |
Showing 6 of 8 current directors. View all directors
Charges & borrowings
Open charges
₹58.59 Cr
Satisfied charges
₹117.67 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 23 Feb 2024 | 100876091 | Others | ₹9.44 Lakh | Open | |
| 13 Dec 2022 | 100655857 | Others | ₹57.85 Lakh | Open | |
| 28 Oct 2022 | 100630259 | Hdfc Bank Limited | ₹57.56 Cr | Open | |
| 18 Mar 2015 | 10558172 | Reliance Capital Ltd | ₹35.67 Lakh | Open | |
| 18 May 2022 | 100576416 | Karnataka Bank Ltd. | ₹2 Cr | Satisfied |
To see the full charge records of Modi Hitech India Limited, buy the company report.
Total charge records: 14 View all charges
Deals & funding
Modi Hitech India Limited has 11 deals on record (5 funding rounds, 5 secondary share transfers, 1 acquisition), with disclosed funding of ₹12.85 Cr; the latest was in March 2024.
Total deals
11
Funding rounds
5
Secondary share transfers
5
Acquisition
1
Disclosed funding
₹12.85 Cr
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Seller: Moderate Leasing and Capital Services Ltd |
| May 2022 | Secondary share transfer | Undisclosed | Seller: Moderate Leasing and Capital Services Ltd |
| Jun 2021 | Secondary share transfer | Undisclosed | Seller: Moderate Leasing and Capital Services Ltd |
| Oct 2017 | Funding round | ₹1.3 Cr | Investors: Longwell Investment Private Limited |
| Jan 2017 | Acquisition | Undisclosed | Buyer: Longwell Investment Private Limited Seller: an individual |
To see the full deal history of Modi Hitech India 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
Modi Hitech India Limited has 121 court cases on record: 113 filed by Modi Hitech India, 8 filed against it. 50 cases are pending and 71 are disposed.
Total cases
121
Filed by the company
113
Filed against the company
8
Pending
50
Disposed
71
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 111 | 3 | 48 |
| High courts | 10 | 5 | 2 |
Cases on record (5 of 121)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Meerut, Uttar Pradesh | Civil suit | Filed by the company against M/S Shri Jagannath Steels and Power Ltd | Pending |
| District court, Meerut, Uttar Pradesh | Civil suit | Filed by the company against SKS Industries Pvt Ltd. | Pending |
| District court, South East, Delhi | Criminal case | Filed by the company against M/S Kanwar Enterprises Pvt Ltd | Pending |
| District court, South East, Delhi | Criminal case | Filed by the company against M/S Kantech Projects Pvt. Ltd. | Pending |
| High Court of Delhi | Commercial suit | Filed against the company by Superon Schweisstechnik India Limited | Pending |
To see the full case history of Modi Hitech India 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
Modi Hitech India Limited has 13 MSME Form 1 returns on record between 2019 and 2023, listing 583 overdue payments to 79 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 79)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Hanumant Polymers Private Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Modi Hitech India Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Modi Hitech India has 12 GST registrations: 1 active and 11 cancelled or inactive.
Total GSTINs
12
Active
1
Cancelled / inactive
11
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AAACM2301H1ZY | Uttar Pradesh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Modi Hitech India Limited, buy the company report.
Recent activity
Modi Hitech India Limited has 17 board changes on record since 1983: 8 appointments and 9 cessations. The latest: Mangat Rai Gupta ceased to be Additional Director on 29 Sep 2023.
AGM
Modi Hitech India Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Modi Hitech India Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Uttarakhand.
Charges
A charge with Others amounted to Rs. 0.09 Cr with Charge ID 100876091 was registered on 23 Feb 2024.
Ceased
Mangat Rai Gupta ceased to be Additional Director.
Appointed
Mangat Rai Gupta was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.58 Cr with Charge ID 100655857 was registered on 13 Dec 2022.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 57.56 Cr with Charge ID 100630259 was registered on 28 Oct 2022.
Appointed
Jagan Nath Khurana was appointed as Director.
Appointed
Shiv Shankar Agarwal was appointed as Director.
Charges
A charge registered on 18 May 2022 via Charge ID 100576416 with Karnataka Bank Ltd. was fully satisfied on 20 Sep 2022.
Charges
A charge registered on 25 Aug 2021 via Charge ID 100474781 with Karnataka Bank Ltd. was fully satisfied on 20 Sep 2022.
Charges
A charge registered on 31 May 2021 via Charge ID 100449443 with Karnataka Bank Ltd. was fully satisfied on 20 Sep 2022.
34 earlier events are in the company report.
Frequently asked questions
Modi Hitech India is an active public limited company based in Kichha, Uttarakhand, India. The company works in industrial machinery manufacturing, within the machinery and equipment industry. It was incorporated on 21 February 1983 (43+ years old) and is registered under CIN U51109UT1983PLC020219.
Modi Hitech India has 8 current directors:
- Shiv Shankar Agarwal - Director
- Abhishek Modi - Director
- Jagan Nath Khurana - Director
- Kumkum Modi - Director
- Umesh Kumar Modi - Director
- Mangat Rai Gupta - Director
- Anirudh Modi Kumar - Director
- Jayesh Modi - Director
The latest financial statements of Modi Hitech India on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Modi Hitech India is 09AAACM2301H1ZY, registered in Uttar Pradesh. The company has 12 GST registrations in all, of which 1 is active and 11 are cancelled or inactive.
The CIN (Corporate Identification Number) of Modi Hitech India is U51109UT1983PLC020219. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modi Hitech India has 121 court cases on record: 113 filed by the company and 8 filed against it. 50 are pending. Most are in the district courts.
Modi Hitech India was incorporated on 21 February 1983, making it 43+ years old. It is registered with the Registrar of Companies, Uttarakhand.
Modi Hitech India has 11 deals on record (5 funding rounds, 5 secondary share transfers, 1 acquisition), with disclosed funding of ₹12.85 Cr; the latest was in March 2024.
Mangat Rai Gupta ceased to be Additional Director on 29 Sep 2023. Mangat Rai Gupta was appointed as Director on 01 Jul 2023. Jagan Nath Khurana was appointed as Director on 07 Oct 2022. Modi Hitech India has 17 board changes on record in total.
Yes, Modi Hitech India is registered as a medium enterprise under Udyam registration (number: UDYAM-DL-03-0004930).
Modi Hitech India has 13 MSME Form 1 returns on record between 2019 and 2023, listing 583 overdue payments to 79 micro and small suppliers. The latest return was filed on 27 Oct 2023.