Modi & Modi Financial Services Private Limited
About Modi & Modi Financial Services Private Limited
Data last updated:
Modi & Modi Financial Services Private Limited was a private limited company based in Secunderabad, Telangana, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the diversified financial services segment of the financial services sector. It was incorporated on 18 February 2004.
The company was registered with the Registrar of Companies (ROC), Hyderabad, under CIN U70102TG2004PTC042687.
The company had an authorised share capital of ₹5 Lakh and a paid-up capital of ₹1 Lakh. It was formerly known as Modi and Modi Real Estates Private Limited. It was led by directors including Kanan Nirav Modi and Nirav Pramod Modi.
Its last annual general meeting (AGM) was held on 30 September 2015, and its latest financial statements are for the year ended 31 March 2015. The registered office was at 5 – 3 – 372 Rashtrapathi Road Secunderabad – 500 003. Secunderabad – 500 003., Telangana, India.
As per the financials filed for FY 2015, the company reported a revenue of ₹25.74 Lakh, a growth of 4% compared to the previous year. For the same year it recorded a net loss of ₹4.99 Lakh (net margin -19.4%) and EBITDA of ₹15.43 Lakh (EBITDA margin 60%).
Company details
CIN history
Modi & Modi Financial Services has one previous CIN (Corporate Identification Number): U70102AP2004PTC042687. The current CIN is U70102TG2004PTC042687, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70102TG2004PTC042687 | Current |
| U70102AP2004PTC042687 | Previous |
Contact details
Modi & Modi Financial Services Private Limited's registered office is in Secunderabad, Telangana. Its e-mail address is in the company report.
- Email
- Registered Address5 – 3 – 372 Rashtrapathi Road Secunderabad – 500 003. Secunderabad – 500 003., Telangana, India
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Modi & Modi Financial Services 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
Financials of Modi & Modi Financial Services Private Limited
FY 2015 filings availableModi & Modi Financial Services Private Limited reported revenue of ₹25.74 Lakh (up 4% YoY) for FY 2015.
Compounded Annual Growth Rate (CAGR)
Revenue rose 4% in the latest year. EBITDA fell 16% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2014-15 |
|---|---|
| Profit and Loss Statement | |
| Revenue from Operations | |
| Other Income | |
| Total Revenue | ₹25.74 Lakh |
| Cost of Materials Consumed | |
| Employee Benefit Expense | |
| Finance Costs | |
| Depreciation and Amortisation | |
| Other Expenses | |
| Total Expenses | |
| EBITDA | ₹15.43 Lakh |
| Profit Before Tax | |
| Tax Expense | |
| Net Profit (PAT) | -₹4.99 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
| Metrics | FY 2014-15 |
|---|---|
| Profitability | |
| EBITDA Margin | 60% |
| Net Profit Margin | -19.4% |
| 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 | |
To see the full financial statements and ratios of Modi & Modi Financial Services Private Limited, buy the company report.
Board of directors of Modi & Modi Financial Services Private Limited
Modi & Modi Financial Services has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kanan Nirav Modi Also directs: Autoparts Hub Private Limited, Kanan Modi Associates LLP | Director | 16 Mar 2009 | 17 Years 7 Months | As last reported |
| Nirav Pramod Modi Also directs: Modi & Modi Financial Services LLP, Fortune Malayalam Cars LLP, Harmony Freehold LLP and 5 more | Director | 18 Feb 2004 | 22 Years 8 Months | As last reported |
| Ashish Pramod Modi Also directs: Modi & Modi Financial Services LLP, Fortune Malayalam Cars LLP, Modi Realty Genome Valley LLP and 5 more | Director | 18 Feb 2004 | 22 Years 8 Months | As last reported |
| Rupali Ashish Modi | Director | 16 Mar 2009 | 17 Years 7 Months | As last reported |
Auditor
Modi & Modi Financial Services Private Limited is audited by A P T & CO LLP for the financial year 2015.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A P T & CO LLP | FY 2015 | 014621C |
Shareholding
The shareholding of Modi & Modi Financial Services Private Limited is on record for FY 2015, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2015 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Modi & Modi Financial Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Modi & Modi Financial Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Modi & Modi Financial Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Modi & Modi Financial Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Modi & Modi Financial Services Private Limited has 6 board changes on record since 2004: 4 appointments and 2 cessations. The latest: Kanan Nirav Modi ceased to be Additional Director on 30 Sep 2009.
Frequently asked questions
Modi & Modi Financial Services has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Modi & Modi Financial Services was a private limited company based in Secunderabad, Telangana, India. The company worked in diversified financial services, within the financial services industry. It was incorporated on 18 February 2004 and is registered under CIN U70102TG2004PTC042687. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Modi & Modi Financial Services is U70102TG2004PTC042687. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modi & Modi Financial Services had 4 directors:
- Kanan Nirav Modi - Director
- Nirav Pramod Modi - Director
- Ashish Pramod Modi - Director
- Rupali Ashish Modi - Director
Modi & Modi Financial Services was incorporated on 18 February 2004. It is registered with the Registrar of Companies, Hyderabad.
The registered office of Modi & Modi Financial Services is at 5 – 3 – 372 Rashtrapathi Road Secunderabad – 500 003. Secunderabad – 500 003., Telangana, India.
The latest financial statements of Modi & Modi Financial Services on record with the MCA are for the year ended 31 March 2015. Its last annual general meeting was held on 30 September 2015. Year-wise statements from 2015 are in the company report.
Modi & Modi Financial Services operated in the financial services industry, in the diversified financial services segment.
Kanan Nirav Modi ceased to be Additional Director on 30 Sep 2009. Rupali Ashish Modi ceased to be Additional Director on 30 Sep 2009. Kanan Nirav Modi was appointed as Director on 16 Mar 2009. Modi & Modi Financial Services has 6 board changes on record in total.
Yes. Modi & Modi Financial Services was formerly known as Modi And Modi Real Estates Private Limited.
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