MSME (Udyam registered) Ministry of MSME
- Category
- Small (2023-24)
- Udyam number
- UDYAM-JH-20-0002039
Modi Projects Ltd.
Modi Projects Ltd. - infrastructure and utilities in Kolkata, West Bengal, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹12.04 Cr
▼ 56% YoY
Net profit · FY 2024
₹1.15 Cr
Net margin 9.5%
EBITDA · FY 2024
₹2.84 Cr
EBITDA margin 23.6%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹3.27 Cr
Issued & subscribed
Open charges
₹9.53 Cr
Satisfied ₹51.67 Cr
Company age
43 yrs
Est. 1983
Employees · EPFO
30
Provident fund records
About Modi Projects Ltd.
Data last updated:
Modi Projects Ltd. is a public limited company based in Kolkata, West Bengal, India. It operates in the general construction services segment of the infrastructure and utilities sector. It was incorporated on 21 April 1983 and has been in existence for over 43 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U74140WB1983PLC036220. Its GSTIN is 20AABCM8164H1ZO (Jharkhand). The company holds 8 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹3.27 Cr. It was formerly known as Modi Projects Private Ltd. It is led by directors including Nitesh Kumar Modi and Navin 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 3rd Floor Shivani Apartment 23 Landsdown Terrace, Kolkata, West Bengal, India – 700026.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.04 Cr, a decline of 56% compared to the previous year. For the same year it recorded a net profit of ₹1.15 Cr (net margin 9.5%) and EBITDA of ₹2.84 Cr (EBITDA margin 23.6%). Revenue has declined at a compounded annual rate (CAGR) of 24% over three years and 18% over five years.
The company has about 30 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹9.53 Cr and satisfied charges of ₹51.67 Cr on record. Court records list 111 cases involving the company, including 87 filed by the company and 24 filed against it; 18 cases are pending.
Modi Projects Ltd. is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-JH-20-0002039). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Modi Projects Ltd.
CIN U74140WB1983PLC036220
Registration Number 036220
Incorporation Date 21 April 1983
ROC Kolkata
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-JH-20-0002039
CIN History of Modi Projects Ltd.
Modi Projects has one previous CIN (Corporate Identification Number): L74140WB1983PLC036220. The current CIN is U74140WB1983PLC036220, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74140WB1983PLC036220 | Current |
| L74140WB1983PLC036220 | Previous |
Recognitions & Rankings of Modi Projects
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address3rd Floor Shivani Apartment 23 Landsdown Terrace, Kolkata, West Bengal, India – 700026
- IndustryInfrastructure and Utilities, General Construction Services
Comprehensive company report
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Business Activity of Modi Projects Ltd.
The main business activity of Modi Projects is construction. In detail, this covers demolition & site preparation, electrical, plumbing & other specialized construction activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F3 | Demolition & site preparation, Electrical, plumbing & other Specialized construction Activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Financials of Modi Projects Ltd. FY 2025 filings available
Modi Projects Ltd. reported revenue of ₹12.04 Cr (down 56% YoY) for FY 2024.
Revenue · FY 2024
₹12.04 Cr ▼ 56%
Net profit · FY 2024
₹1.15 Cr margin 9.5%
EBITDA · FY 2024
₹2.84 Cr margin 23.6%
Compounded Annual Growth Rate (CAGR) of Modi Projects Ltd.
Revenue CAGR growth
1 year
▼ 56%
3 years · compounded
▼ 24%
5 years · compounded
▼ 18%
EBITDA CAGR growth
1 year
▼ 25%
3 years · compounded
▼ 6%
5 years · compounded
▼ 6%
Revenue has declined at a compounded annual rate (CAGR) of 18% over five years, including a 56% fall in the latest year. EBITDA fell 25% 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 Projects Ltd.
| 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 | ₹2.84 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.15 Cr | •••• | •••• | •••• | •••• |
| 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 Projects Ltd.
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 23.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 9.5% | •••• | •••• | •••• | •••• |
| 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 Projects are in the company report.
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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.
Board of Directors of Modi Projects Ltd.
Modi Projects has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitesh Kumar Modi Also directs: Ajanta Nirman Ltd | Director | 15 Mar 1994 | 32 Years 7 Months | Current |
| Navin Kumar Modi | Director | 15 Mar 1994 | 32 Years 7 Months | Current |
| Akshit Modi Also directs: Sheetal Naturals Private Limited, Modi Enclave Private Limited, Oleosheetal Private Limited and 3 more | Director | 27 Dec 2023 | 2 Years 9 Months | Current |
Peer Comparison of Modi Projects Ltd.
Modi Projects Ltd. is compared with the companies closest to it by revenue in the Infrastructure industry (Construction Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| SDF Infrapromoters (India) Private Limited | ₹12.07 Cr (FY 2025) | •••• | •••• | 32.0% | •••• | Mathura, Uttar Pradesh, India |
| Jaisvi Infra Projects Private Limited | ₹12.07 Cr (FY 2024) | •••• | •••• | 64.0% | •••• | Hyderabad, Telangana, India |
| Megaton Infrastructure (India) Private Limited | ₹12.06 Cr (FY 2025) | •••• | •••• | 22.0% | •••• | Hyderabad, Telangana, India |
| Advanced Contractors & Engineers Private Limited | ₹12.06 Cr (FY 2025) | •••• | •••• | 273.0% | •••• | Siliguri, West Bengal, India |
| Sugoi Civicon Private Limited | ₹12.05 Cr (FY 2025) | •••• | •••• | 1106.0% | •••• | Bangalore, Karnataka, India |
| Modi Projects Ltd. this company | ₹12.04 Cr (FY 2024) | •••• | •••• | -56.0% | •••• | Kolkata, West Bengal, India |
| Gaea Engineers and Contractors Private Limited | ₹12.03 Cr (FY 2024) | •••• | •••• | 25.0% | •••• | Bangalore, Karnataka, India |
| Godawari Techno Solution Private Limited | ₹12.01 Cr (FY 2024) | •••• | •••• | -12.0% | •••• | Jaipur, Rajasthan, India |
| Empacus Infrastructure Private Limited | ₹12.01 Cr (FY 2020) | •••• | •••• | 243.0% | •••• | Dahisar, Mumbai, Maharashtra, India |
| Affluent Agents Private Limited | ₹12.01 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Kolkata, West Bengal, India |
| Sishmahal Construction Private Limited | ₹12.01 Cr (FY 2025) | •••• | •••• | 452.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Modi Projects by revenue in the Infrastructure industry (Construction Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Modi Projects Ltd.
Modi Projects Ltd. is audited by N.K.D. & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N.K.D. & Co. | Locked | Locked | Locked |
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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.
Ownership and Shareholding of Modi Projects Ltd.
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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 Projects Ltd.
Open charges
₹9.53 Cr
Satisfied charges
₹51.67 Cr
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 20 Jun 2022 | Others | ₹16 Lakh | Open |
| 15 Dec 2021 | Others | ₹10 Lakh | Open |
| 15 Dec 2021 | Others | ₹40 Lakh | Open |
| 22 Sep 2017 | Others | ₹8 Cr | Open |
| 16 Nov 2005 | Icici Bank Limited | ₹15.09 Lakh | Open |
Total charge records: 32 View all charges
Legal Cases of Modi Projects Ltd.
Modi Projects Ltd. has 111 court cases on record: 87 filed by Modi Projects, 24 filed against it. 18 cases are pending and 93 are disposed.
Total cases
111
Filed by the company
87
Filed against the company
24
Pending
18
Disposed
93
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 65 | 10 | 7 |
| District courts | 43 | 13 | 10 |
| Supreme Court | 3 | 1 | 1 |
Cases on record (5 of 111)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Lucknow, Uttar Pradesh | Arbitration matter | Filed against the company by Up Rajya Vidyut Utpadan Nigam Ltd | Pending |
| District court, East Singhbhum at Jamshedpur, Jharkhand | Court case (REVOCATION) | Filed by the company against Bihar Sponge Iron Ltd. | Pending |
| District court, Ranchi, Jharkhand | Commercial matter | Filed by the company against M/S Rites Ltd. and 1 other | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by Ms Srei Equipment Finance Pvt. Ltd. | Pending |
| District court, Lucknow, Uttar Pradesh | Interim or miscellaneous application | Filed by the company against Up Rajya Vidyut Utpadan Nigam Ltd and Others | Disposed |
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Full case history
All 111 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
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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.
Employees and EPFO Compliance at Modi Projects Ltd.
Modi Projects Ltd. has a workforce of 30 employees as of Apr 02, 2024.
Employee count
30
Active EPFO establishments
1
Employee growth
-55.88%
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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 Projects Ltd.
Modi Projects Ltd. has 6 board changes on record since 1994: 3 appointments and 3 cessations. The latest: Pradip Kumar Modi ceased to be Director on 10 Apr 2024.
AGM
Modi Projects Ltd. last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Modi Projects Ltd. has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Kolkata.
Charges
A charge with Others of Rs. 8.00 Cr registered on 22 Sep 2017 with Charge ID 100164610 was modified on 21 Mar 2025.
Charges
A charge registered on 27 Aug 2021 via Charge ID 100500114 with Hdfc Bank Limited was fully satisfied on 11 Feb 2025.
Charges
A charge registered on 15 Sep 2021 via Charge ID 100477907 with Others was fully satisfied on 05 Aug 2024.
Charges
A charge registered on 02 Sep 2021 via Charge ID 100475833 with Others was fully satisfied on 05 Aug 2024.
Charges
A charge registered on 06 Sep 2021 via Charge ID 100475831 with Others was fully satisfied on 15 May 2024.
Ceased
Pradip Kumar Modi ceased to be Director.
Appointed
Akshit Modi was appointed as Director.
Charges
A charge with Others amounted to Rs. 0.16 Cr with Charge ID 100590448 was registered on 20 Jun 2022.
Charges
A charge registered on 30 Jan 2019 via Charge ID 100264967 with Hdfc Bank Limited was fully satisfied on 09 May 2022.
Charges
A charge registered on 01 Mar 2019 via Charge ID 100251256 with Hdfc Bank Limited was fully satisfied on 14 Jan 2022.
57 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Modi Projects Ltd.
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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
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MSME Payment Delays by Modi Projects Ltd.
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Modi Projects Ltd.
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
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- Entity investments
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GST Compliance of Modi Projects Ltd.
Modi Projects has 8 GST registrations: 2 active and 6 cancelled or inactive.
Total GSTINs
8
Active
2
Cancelled / inactive
6
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 20AABCM8164H1ZO | Jharkhand | Active | 01 Jul 2017 |
| 21AABCM8164H1ZM | Odisha | Active | 01 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.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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MCA Filings & Documents of Modi Projects Ltd.
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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
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Frequently Asked Questions about Modi Projects Ltd.
Modi Projects is an active public limited company based in Kolkata, West Bengal, India. The company works in general construction services, within the infrastructure and utilities industry. It was incorporated on 21 April 1983 (43+ years old) and is registered under CIN U74140WB1983PLC036220.
Modi Projects reported revenue of ₹12.04 Cr for FY 2024 (down 56% YoY).
Modi Projects has 3 current directors:
- Nitesh Kumar Modi - Director
- Navin Kumar Modi - Director
- Akshit Modi - Director
Modi Projects reported a net profit of ₹1.15 Cr (net margin 9.5%) and EBITDA of ₹2.84 Cr (EBITDA margin 23.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Modi Projects is -24% over three years and -18% over five years. In the latest year (FY 2024) revenue fell 56%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Modi Projects is 20AABCM8164H1ZO, registered in Jharkhand. The company has 8 GST registrations in all, of which 2 are active and 6 are cancelled or inactive. Other active GSTINs include 21AABCM8164H1ZM (Odisha).
The CIN (Corporate Identification Number) of Modi Projects is U74140WB1983PLC036220. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modi Projects has 111 court cases on record: 87 filed by the company and 24 filed against it. 18 are pending. Most are in the high courts.
Modi Projects was incorporated on 21 April 1983, making it 43+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Modi Projects by revenue are SDF Infrapromoters (India) Private Limited, Jaisvi Infra Projects Private Limited, Megaton Infrastructure (India) Private Limited, Advanced Contractors & Engineers Private Limited, Sugoi Civicon Private Limited and 5 more, all in the Infrastructure industry (Construction Services).
Pradip Kumar Modi ceased to be Director on 10 Apr 2024. Akshit Modi was appointed as Director on 27 Dec 2023. Narayan Prasad Modi ceased to be Director on 06 Mar 2019. Modi Projects has 6 board changes on record in total.