MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-19-0050730
Modicon Private Limited - energy and power in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹273.34 Cr
▲ 32% YoY
Net profit · FY 2025
₹10.18 Cr
Net margin 3.7%
EBITDA · FY 2025
₹16.78 Cr
EBITDA margin 6.1%
Authorised capital
₹3.5 Cr
Registered with MCA
Paid-up capital
₹3.26 Cr
Issued & subscribed
Open charges
₹23.35 Cr
Satisfied ₹113.45 Cr
Company age
42 yrs
Est. 1984
Employees · EPFO
121
Provident fund records
About Modicon Private Limited
Data last updated:
Modicon Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 16 May 1984 and has been in existence for over 42 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U24110MH1984PTC032895. Its GSTIN is 27AAACM7452R1ZT (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹3.5 Cr and a paid-up capital of ₹3.26 Cr. It was formerly known as Modison Oxides Private Limited and Modison Private Limited. It is led by directors including Sanwarmal Mody (Whole-Time Director) and Anandkumar Sanwarmal Modi (Whole-Time Director).
Its last annual general meeting (AGM) was held on 17 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 63 Nariman Bhavan 227 Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹273.34 Cr, a growth of 32% compared to the previous year. For the same year it recorded a net profit of ₹10.18 Cr (net margin 3.7%) and EBITDA of ₹16.78 Cr (EBITDA margin 6.1%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 23% over five years.
The company has about 121 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Modicon. As per MCA filings, the company has open charges of ₹23.35 Cr and satisfied charges of ₹113.45 Cr on record. Court records list 7 cases involving the company, including 3 filed by the company and 4 filed against it; 1 case is pending. The company has 4 deals on record (4 secondary share transfers); the latest was in November 2013. The company has 12 MSME Form 1 returns on record between 2016 and 2023, listing 33 overdue payments to 19 micro and small suppliers.
Modicon Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0050730). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modicon.net.in.
Company details
CIN U24110MH1984PTC032895
Registration Number 032895
Incorporation Date 16 May 1984
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 17 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-19-0050730
Name history
Modicon has undergone 2 name changes throughout its history. The company was previously known as Modison Oxides Private Limited, and Modison Private Limited. The current legal name is Modicon Private Limited.
| Company Name | Status |
|---|---|
| Modicon Private Limited | Current |
| Modison Oxides Private Limited | Previous |
| Modison Private Limited | Previous |
CIN history
Modicon has one previous CIN (Corporate Identification Number): U24110MH1984PLC032895. The current CIN is U24110MH1984PTC032895, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U24110MH1984PTC032895 | Current |
| U24110MH1984PLC032895 | Previous |
Key People
Sanwarmal Mody Whole-Time Director Anandkumar Sanwarmal Modi Whole-Time Director Amitkumar Sanwarmal Modi Whole-Time Director Recognitions & Rankings of Modicon
Contact details
Modicon Private Limited's registered office is in Mumbai, Maharashtra. Its website is modicon.net.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address63 Nariman Bhavan 227 Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Modicon Private Limited, buy the company report.
Comprehensive company report
Modicon 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
Modicon operates one associated brand: Modicon. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Precious metals manufacturing, electrical components, and refining services in India. | modicon.net.in |
Business activity
The main business activity of Modicon 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 Modicon Private Limited, buy the company report.
Financials of Modicon Private Limited
FY 2025 filings availableModicon Private Limited reported revenue of ₹273.34 Cr (up 32% YoY) for FY 2025.
Revenue · FY 2025
₹273.34 Cr ▲ 32%
Net profit · FY 2025
₹10.18 Cr margin 3.7%
EBITDA · FY 2025
₹16.78 Cr margin 6.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 32%
3 years · compounded
▲ 26%
5 years · compounded
▲ 23%
EBITDA CAGR growth
1 year
▲ 102%
3 years · compounded
▲ 55%
5 years · compounded
▲ 25%
Revenue has grown at a compounded annual rate (CAGR) of 23% over five years, including 32% growth in the latest year. EBITDA rose 102% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹273.34 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹16.78 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹10.18 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 6.1% | ||||
| Net Profit Margin | 3.7% | ||||
| 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 Modicon Private Limited, buy the company report.
Board of directors of Modicon Private Limited
Modicon has 3 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanwarmal Mody | Whole-Time Director | 16 May 1984 | 42 Years 5 Months | Current |
| Anandkumar Sanwarmal Modi | Whole-Time Director | 01 Nov 2001 | 25 Years 0 Months | Current |
| Amitkumar Sanwarmal Modi Also directs: North Vector LLP | Whole-Time Director | 01 Apr 2012 | 14 Years 7 Months | Current |
Auditor
Modicon Private Limited is audited by M L BHUWANIA AND CO LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M L BHUWANIA AND CO LLP | FY 2025 | 101484W / W100197 |
Shareholding
The shareholding of Modicon 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 Modicon Private Limited, buy the company report.
Charges & borrowings
Open charges
₹23.35 Cr
Satisfied charges
₹113.45 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Feb 2026 | 101250573 | Bank of India | ₹3.85 Cr | Satisfied | |
| 29 Oct 2025 | 101184357 | Bank of India | ₹3.85 Cr | Satisfied | |
| 31 Aug 2018 | 100209429 | Others | ₹6 Cr | Satisfied | |
| 16 Jun 2008 | 10115473 | Bank of India | ₹2.73 Cr | Satisfied | |
| 28 Jan 2008 | 10089766 | Bank of India | ₹19.5 Cr | Satisfied |
To see the full charge records of Modicon Private Limited, buy the company report.
Total charge records: 13 View all charges
Deals & funding
Modicon Private Limited has 4 deals on record (4 secondary share transfers); the latest was in November 2013.
Total deals
4
Secondary share transfers
4
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Nov 2013 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Oct 2010 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: 2 individuals |
| Mar 2010 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
| Mar 2009 | Secondary share transfer | Undisclosed | Buyer: 4 individuals Seller: 4 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Modicon Private Limited has 7 court cases on record: 3 filed by Modicon, 4 filed against it. 1 case is pending and 6 are disposed.
Total cases
7
Filed by the company
3
Filed against the company
4
Pending
1
Disposed
6
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 4 | 1 |
| High courts | 2 | 0 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Hermes Chemical Pvt Ltd and 2 others | Pending |
| District court, Mumbai Motor Accident Claims T, Maharashtra | Court case (MACP. M.A.) | Filed against the company by an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (SPL CASE) | Filed against the company by Asstt.Registrar of Companies | Disposed |
| District court, Valsad, Gujarat | Civil suit | Filed against the company by Hark Engineer Pvt.Ltd. | Disposed |
| District court, Valsad, Gujarat | Court case (SPCS) | Filed against the company by Hark Engineer Pvt. Ltd. | Disposed |
To see the full case history of Modicon 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.
Credit ratings & regulatory alerts
Modicon Private Limited was last rated by Crisil on 19 Oct 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 19 Oct 2020 |
To see the full credit ratings and regulatory alerts of Modicon Private Limited, buy the company report.
MSME payment delays
Modicon Private Limited has 12 MSME Form 1 returns on record between 2016 and 2023, listing 33 overdue payments to 19 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 19)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| Soft People Computers Private Limited | |||
| an individual supplier | |||
| an individual supplier |
To see the full MSME payment records of Modicon Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Modicon Private Limited has a workforce of 121 employees on its EPFO records as of May 2026, across 1 active EPFO establishment.
Employee count
121
Active EPFO establishments
1
Headcount by financial year
| Financial year | Employees (EPFO) |
|---|---|
| FY 2026-27 | 121 |
| FY 2025-26 | |
| FY 2024-25 | |
| FY 2023-24 | |
| FY 2022-23 | |
| FY 2021-22 | |
| FY 2020-21 | |
| FY 2019-20 | |
| FY 2018-19 | |
| FY 2017-18 | |
| FY 2016-17 |
To see the full employee and EPFO history of Modicon Private Limited, buy the company report.
GST
Modicon has 2 GST registrations: 1 active and 1 cancelled or inactive.
Total GSTINs
2
Active
1
Cancelled / inactive
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACM7452R1ZT | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Modicon Private Limited, buy the company report.
Recent activity
Modicon Private Limited has 9 board changes on record since 1984: 3 appointments and 6 cessations. The latest: Prakash Modi Chandra ceased to be Director on 12 Aug 2021.
Charges
A charge registered on 28 Jan 2008 via Charge ID 10089766 with Bank Of India was fully satisfied on 09 Jun 2026.
Charges
A charge registered on 03 Feb 2026 via Charge ID 101250573 with Bank Of India was fully satisfied on 03 May 2026.
Charges
A charge registered on 29 Oct 2025 via Charge ID 101184357 with Bank Of India was fully satisfied on 25 Feb 2026.
Charges
A charge with Bank Of India amounted to Rs. 3.85 Cr with Charge ID 101250573 was registered on 03 Feb 2026.
Charges
A charge with Bank Of India amounted to Rs. 3.85 Cr with Charge ID 101184357 was registered on 29 Oct 2025.
AGM
Modicon Private Limited last Annual general meeting of members was held on 17 Sep 2025 as per latest MCA records.
Charges
A charge registered on 31 Aug 2018 via Charge ID 100209429 with Others was fully satisfied on 20 Jun 2025.
Filing
Modicon Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai I.
Ceased
Prakash Modi Chandra ceased to be Director.
Charges
A charge registered on 16 Jun 2008 via Charge ID 10115473 with Bank Of India was fully satisfied on 19 Aug 2019.
Charges
A charge registered on 03 Feb 1999 via Charge ID 90215629 with Bank Of India was fully satisfied on 19 Aug 2019.
Charges
A charge registered on 12 Aug 1996 via Charge ID 90215510 with Bank Of India was fully satisfied on 19 Aug 2019.
32 earlier events are in the company report.
Frequently asked questions
Modicon is an active private limited company based in Mumbai, Maharashtra, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 16 May 1984 (42+ years old) and is registered under CIN U24110MH1984PTC032895.
Modicon has 3 current directors:
- Sanwarmal Mody - Whole-Time Director
- Anandkumar Sanwarmal Modi - Whole-Time Director
- Amitkumar Sanwarmal Modi - Whole-Time Director
The latest financial statements of Modicon on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 17 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Modicon is 27AAACM7452R1ZT, registered in Maharashtra. 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 Modicon is U24110MH1984PTC032895. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modicon has 7 court cases on record: 3 filed by the company and 4 filed against it. 1 is pending. Most are in the district courts.
Modicon was incorporated on 16 May 1984, making it 42+ years old. It is registered with the Registrar of Companies, Mumbai.
Modicon has 4 deals on record (4 secondary share transfers); the latest was in November 2013.
Prakash Modi Chandra ceased to be Director on 12 Aug 2021. Amrita Anand Modi ceased to be Director on 28 Apr 2016. Rama Sanwarmal Mody ceased to be Director on 28 Apr 2016. Modicon has 9 board changes on record in total.
Yes, Modicon is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-19-0050730).
Modicon has 12 MSME Form 1 returns on record between 2016 and 2023, listing 33 overdue payments to 19 micro and small suppliers. The latest return was filed on 17 Nov 2023.
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