MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-19-0003476
Modi Springs Private Limited - automotive in Sangrur, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹25.65 Cr
▲ 24% YoY
Net profit · FY 2024
₹47.42 Lakh
Net margin 1.8%
EBITDA · FY 2024
₹84.67 Lakh
EBITDA margin 3.3%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Open charges
₹31.27 Cr
Satisfied ₹5.22 Cr
Company age
39 yrs
Est. 1987
Employees · EPFO
20
Provident fund records
About Modi Springs Private Limited
Data last updated:
Modi Springs Private Limited is a private limited company based in Sangrur, Punjab, India. It operates in the auto parts and components segment of the automotive sector. It was incorporated on 28 April 1987 and has been in existence for over 39 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U34300PB1987PTC007442. Its GSTIN is 03AAICM3195K1Z9 (Punjab).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Abhinav Goyal and Arnav Goyal.
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 A 11 12 Industrial Estate Malerkotla, Sangrur, Punjab, India.
As per the financials filed for FY 2024, the company reported a revenue of ₹25.65 Cr, a growth of 24% compared to the previous year. For the same year it recorded a net profit of ₹47.42 Lakh (net margin 1.8%) and EBITDA of ₹84.67 Lakh (EBITDA margin 3.3%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 12% over five years.
The company has about 20 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Modi Springs. As per MCA filings, the company has open charges of ₹31.27 Cr and satisfied charges of ₹5.22 Cr on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it; 1 case is pending.
Modi Springs Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-19-0003476). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modisprings.com.
Company details
CIN U34300PB1987PTC007442
Registration Number 007442
Incorporation Date 28 April 1987
ROC Chandigarh
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-PB-19-0003476
Recognitions & Rankings of Modi Springs
Contact details
Modi Springs Private Limited's registered office is in Sangrur, Punjab. Its website is modisprings.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressA 11 12 Industrial Estate Malerkotla, Sangrur, Punjab, India
- IndustryAutomotive, Auto Parts & Components
To see the full contact details of Modi Springs Private Limited, buy the company report.
Comprehensive company report
Modi Springs Private 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
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Brands
Modi Springs operates one associated brand: MODI SPRINGS. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufactures and supplies spring leaves and assemblies for industrial use. | modisprings.com |
Business activity
The main business activity of Modi Springs is manufacturing. In detail, this covers metal and metal products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C7 | Metal and metal products |
To see the full business activity and turnover split of Modi Springs Private Limited, buy the company report.
Financials of Modi Springs Private Limited
FY 2025 filings availableModi Springs Private Limited reported revenue of ₹25.65 Cr (up 24% YoY) for FY 2024.
Revenue · FY 2024
₹25.65 Cr ▲ 24%
Net profit · FY 2024
₹47.42 Lakh margin 1.8%
EBITDA · FY 2024
₹84.67 Lakh margin 3.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 24%
3 years · compounded
▲ 36%
5 years · compounded
▲ 12%
EBITDA CAGR growth
1 year
▲ 48%
3 years · compounded
▲ 29%
5 years · compounded
▲ 8%
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 24% growth in the latest year. EBITDA rose 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 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 | ₹84.67 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹47.42 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 3.3% | ||||
| Net Profit Margin | 1.8% | ||||
| 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 Springs Private Limited, buy the company report.
Board of directors of Modi Springs Private Limited
Modi Springs has 5 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Abhinav Goyal | Director | 10 Jun 2024 | 2 Years 4 Months | Current |
| Arnav Goyal | Director | 10 Jun 2024 | 2 Years 4 Months | Current |
| Sanjay Kumar Goyal | Director | 28 Apr 1987 | 39 Years 6 Months | Current |
| Ajay Kumar Goyal | Director | 28 Apr 1987 | 39 Years 6 Months | Current |
| Anil Kumar Goyal | Director | 28 Apr 1987 | 39 Years 6 Months | Current |
Peer comparison
Modi Springs Private Limited is compared with the 3 companies closest to it by revenue in the Transport and Logistics industry (Auto Ancillary, Railway Equipment and Products, Springs), with the same principal business activity (metal and metal products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Railex Engineering Private Limited | ₹25.7 Cr (FY 2025) | -12.0% | Howrah, West Bengal, India | |||
| Marc Bearings Private Limited | ₹25.68 Cr (FY 2024) | -10.0% | Shapar Veraval, Gujarat, India | |||
| Modi Springs Private Limitedthis company | ₹25.65 Cr (FY 2024) | ₹47.42 Lakh | 1.8% | 24.0% | 20 | Sangrur, Punjab, India |
| United Components and Tools Private Limited | ₹25.65 Cr (FY 2025) | 25.0% | Ghaziabad, Uttar Pradesh, India |
To see the full peer comparison of Modi Springs Private Limited, buy the company report.
Auditor
Modi Springs Private Limited is audited by M.P. Goyal & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M.P. Goyal & Co. | FY 2023 | 000962N |
Shareholding
The shareholding of Modi Springs Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Modi Springs Private Limited, buy the company report.
Charges & borrowings
Open charges
₹31.27 Cr
Satisfied charges
₹5.22 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 16 Aug 2024 | 100972373 | State Bank of India | ₹4.95 Cr | Open | |
| 08 Dec 2023 | 100829326 | State Bank of India | ₹2 Cr | Open | |
| 15 Jun 2023 | 100741211 | State Bank of India | ₹14.98 Cr | Open | |
| 30 Apr 2020 | 100334509 | State Bank of India | ₹8.16 Cr | Open | |
| 18 Dec 2019 | 100318764 | State Bank of India | ₹1.18 Cr | Open |
To see the full charge records of Modi Springs Private Limited, buy the company report.
Total charge records: 7 View all charges
Legal cases
Modi Springs Private Limited has 4 court cases on record: 3 filed by Modi Springs, 1 filed against it. 1 case is pending and 3 are disposed.
Total cases
4
Filed by the company
3
Filed against the company
1
Pending
1
Disposed
3
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 1 |
| District courts | 1 | 0 | 0 |
| Supreme Court | 1 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Writ petition | Filed by the company against State of Punjab and Others and 3 others | Pending |
| Supreme Court | Court case (0419-Indirect Taxes Matters : Interpretation of the Central Excise Act & the rules) | Filed against the company by Union of India . | Disposed |
| High Court, PUNJAB | Writ petition | Filed by the company against Union of India and Others | Disposed |
| District court, Malerkotla, Punjab | Civil suit | Filed by the company against Shyam Industries | Disposed |
To see the full case history of Modi Springs Private 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 Springs Private Limited has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 5 overdue payments to 1 micro and small supplier. 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 (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| B P Alloys Limited |
To see the full MSME payment records of Modi Springs Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Modi Springs Private Limited has a workforce of 20 employees on its EPFO records as of Apr 05, 2024, across 1 active EPFO establishment.
Employee count
20
Active EPFO establishments
1
Employee growth
-13.04%
GST
Modi Springs has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAICM3195K1Z9 | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Modi Springs Private Limited, buy the company report.
Recent activity
Modi Springs Private Limited has 6 board changes on record since 1987: 5 appointments and 1 cessation. The latest: Abhinav Goyal was appointed as Director on 10 Jun 2024.
AGM
Modi Springs Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Modi Springs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Charges
A charge registered on 30 Sep 2023 via Charge ID 100800327 with State Bank Of India was fully satisfied on 11 Sep 2024.
Charges
A charge with State Bank Of India amounted to Rs. 495.00 Lakh with Charge ID 100972373 was registered on 16 Aug 2024.
Appointed
Abhinav Goyal was appointed as Director.
Appointed
Arnav Goyal was appointed as Director.
Charges
A charge with State Bank Of India of Rs. 1,498.00 Lakh registered on 15 Jun 2023 with Charge ID 100741211 was modified on 29 Dec 2023.
Charges
A charge with State Bank Of India amounted to Rs. 200.00 Lakh with Charge ID 100829326 was registered on 08 Dec 2023.
Charges
A charge with State Bank Of India amounted to Rs. 442.00 Lakh with Charge ID 100800327 was registered on 30 Sep 2023.
Charges
A charge with State Bank Of India amounted to Rs. 1,498.00 Lakh with Charge ID 100741211 was registered on 15 Jun 2023.
Charges
A charge with State Bank Of India of Rs. 118.00 Lakh registered on 18 Dec 2019 with Charge ID 100318764 was modified on 01 Mar 2021.
Charges
A charge with State Bank Of India amounted to Rs. 816.00 Lakh with Charge ID 100334509 was registered on 30 Apr 2020.
8 earlier events are in the company report.
Frequently asked questions
Modi Springs is an active private limited company based in Sangrur, Punjab, India. The company works in auto parts and components, within the automotive industry. It was incorporated on 28 April 1987 (39+ years old) and is registered under CIN U34300PB1987PTC007442.
Modi Springs has 5 current directors:
- Abhinav Goyal - Director
- Arnav Goyal - Director
- Sanjay Kumar Goyal - Director
- Ajay Kumar Goyal - Director
- Anil Kumar Goyal - Director
The latest financial statements of Modi Springs 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 Springs is 03AAICM3195K1Z9, registered in Punjab.
The CIN (Corporate Identification Number) of Modi Springs is U34300PB1987PTC007442. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modi Springs has 4 court cases on record: 3 filed by the company and 1 filed against it. 1 is pending. Most are in the high courts.
Modi Springs was incorporated on 28 April 1987, making it 39+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Modi Springs by revenue are Railex Engineering Private Limited, Marc Bearings Private Limited, United Components and Tools Private Limited, all in the Transport and Logistics industry (Auto Ancillary, Railway Equipment and Products, Springs), with the same principal business activity (metal and metal products).
Abhinav Goyal was appointed as Director on 10 Jun 2024. Arnav Goyal was appointed as Director on 10 Jun 2024. Indira Devi Goyal ceased to be Director on 01 Apr 2020. Modi Springs has 6 board changes on record in total.
Yes, Modi Springs is registered as a small enterprise under Udyam registration (number: UDYAM-PB-19-0003476).
Modi Springs has 3 MSME Form 1 returns on record for the period ending Sep 2019, listing 5 overdue payments to 1 micro and small supplier. The latest return was filed on 29 Oct 2019.
Modi Springs can be reached through the website modisprings.com. Its registered office is in Sangrur, Punjab, India.
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