About Modispaces Real-Estate Private Limited
Data last updated:
Modispaces Real-Estate Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 13 January 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U45200MH2006PTC159318. Its GSTIN is 27AACCT3808N1Z0 (Maharashtra).
The company has an authorised share capital of ₹7.5 Cr and a paid-up capital of ₹7.5 Cr. It was formerly known as Turnkey Computer Solution Private Limited. It is led by directors including Anand Premkumar Modi and Ghanshyam Sagarmal Modi.
Its last annual general meeting (AGM) was held on 04 November 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Plot No.7 Ashok Nagar Societyn S Rd No.11 Juhu Scheme Vile Parle West Mumbai, 49, Maharashtra, India – 400049.
As per the financials filed for FY 2025, the company reported a revenue of ₹46.78 Cr, a decline of 34% compared to the previous year. For the same year it recorded a net profit of ₹44.74 Lakh (net margin 1%) and EBITDA of ₹9.27 Cr (EBITDA margin 19.8%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 17% over five years.
The company has about 18 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20.52 Cr on record. Court records list 33 cases involving the company, including 25 filed by the company and 8 filed against it; 15 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modispaces.com.
Company details
CIN history
Modispaces Real-Estate has one previous CIN (Corporate Identification Number): U64120MH2006PTC159318. The current CIN is U45200MH2006PTC159318, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U45200MH2006PTC159318 | Current |
| U64120MH2006PTC159318 | Previous |
Contact details
Modispaces Real-Estate Private Limited's registered office is in Mumbai, Maharashtra. Its website is modispaces.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressPlot No.7 Ashok Nagar Societyn S Rd No.11 Juhu Scheme Vile Parle West Mumbai, 49, Maharashtra, India – 400049
- IndustryReal Estate and Construction, Real Estate Builders & Developers
To see the full contact details of Modispaces Real-Estate 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
Business activity
The main business activity of Modispaces Real-Estate is construction. In detail, this covers buildings.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| F | Construction | F1 | Buildings |
To see the full business activity and turnover split of Modispaces Real-Estate Private Limited, buy the company report.
Financials of Modispaces Real-Estate Private Limited
FY 2024 filings availableModispaces Real-Estate Private Limited reported revenue of ₹46.78 Cr (down 34% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 34% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 17%. EBITDA rose 12% 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 | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹9.27 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹44.74 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 19.8% | ||||
| Net Profit Margin | 1% | ||||
| 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 Modispaces Real-Estate Private Limited, buy the company report.
Board of directors of Modispaces Real-Estate Private Limited
Modispaces Real-Estate 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 |
|---|---|---|---|---|
| Anand Premkumar Modi Also directs: Modispaces Real-Estate Builders LLP, Keshav Securities Private Limited, Modi Fitness & Education Private Limited and 5 more | Director | 13 Jan 2006 | 20 Years 9 Months | Current |
| Ghanshyam Sagarmal Modi | Director | 01 Nov 2010 | 15 Years 11 Months | Current |
| Vinit Shyam Sunder Modi Also directs: Modispaces Real-Estate Builders LLP, Keshav Securities Private Limited, Modispaces Developers Private Limited and 4 more | Director | 01 Nov 2010 | 15 Years 11 Months | Current |
| Keshav Sunil Kumar Modi Also directs: Modispaces Developers Private Limited, Modi Wealth Management LLP, Modirealty Homes LLP and 5 more | Director | 18 Jun 2014 | 12 Years 4 Months | Current |
Peer comparison
Modispaces Real-Estate Private Limited is compared with the 6 companies closest to it by revenue in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Trident Properties Private Limited | ₹46.98 Cr (FY 2025) | -49.0% | Hyderabad, Telangana, India | |||
| Mysore Realty Private Limited | ₹46.94 Cr (FY 2024) | 33.0% | Mysore, Karnataka, India | |||
| B.T. Enterprises Private Limited | ₹46.84 Cr (FY 2025) | 4.0% | Chennai, Tamil Nadu, India | |||
| Rcon Pune Private Limited | ₹46.79 Cr (FY 2024) | 74.0% | Pune, Maharashtra, India | |||
| Modispaces Real-Estate Private Limitedthis company | ₹46.78 Cr (FY 2025) | ₹44.74 Lakh | 1% | -34.0% | 18 | Mumbai, Maharashtra, India |
| Lodha Elevation Buildcon Private Limited | ₹46.77 Cr (FY 2017) | -68.0% | Mumbai, Maharashtra, India | |||
| Panil Infra Private Limited | ₹46.7 Cr (FY 2025) | -27.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Modispaces Real-Estate Private Limited, buy the company report.
Auditor
Modispaces Real-Estate Private Limited is audited by SWAROOP JAIN & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SWAROOP JAIN & CO | FY 2023 | 112058W |
Shareholding
The shareholding of Modispaces Real-Estate 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Modispaces Real-Estate Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Aug 2024 | 101015631 | Others | ₹8 Cr | Open | |
| 31 Aug 2024 | 101015633 | Others | ₹10 Cr | Open | |
| 12 Jul 2023 | 100753939 | Others | ₹60 Lakh | Open | |
| 27 Sep 2021 | 100498719 | Others | ₹1.12 Cr | Open | |
| 14 Dec 2020 | 100395065 | Axis Bank Limited | ₹80.35 Lakh | Open |
Total charge records: 5 View all charges
Legal cases
Modispaces Real-Estate Private Limited has 33 court cases on record: 25 filed by Modispaces Real-Estate, 8 filed against it. 15 cases are pending and 18 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 21 | 4 | 14 |
| High courts | 12 | 4 | 1 |
Cases on record (5 of 33)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Commercial suit | Filed against the company | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SW CASES W) | Filed by the company against an individual | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons warrent Cases SW) | Filed by the company against Kailash Prasad P Maheshwari , Chairman of Jal Ratan Deep CHS Ltd and 2 others | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by Borivali Shivalaya Co-Operative Housing Society Limited | Pending |
| District court, Mumbai City Civil Court, Maharashtra | Civil suit | Filed against the company by individuals | Pending |
To see the full case history of Modispaces Real-Estate 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
No delayed payments to MSME suppliers are on our record for Modispaces Real-Estate Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Group structure & subsidiaries
Modispaces Real-Estate has 2 associated companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
Employees & EPFO
Modispaces Real-Estate Private Limited has a workforce of 18 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Modispaces Real-Estate has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCT3808N1Z0 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Modispaces Real-Estate Private Limited, buy the company report.
Recent activity
Modispaces Real-Estate Private Limited has 8 board changes on record since 2006: 6 appointments and 2 cessations. The latest: Keshav Sunil Kumar Modi was appointed as Director on 18 Jun 2014.
4 earlier events are in the company report.
Frequently asked questions
Modispaces Real-Estate is an active private limited company based in Mumbai, Maharashtra, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 13 January 2006 (20+ years old) and is registered under CIN U45200MH2006PTC159318.
Modispaces Real-Estate has 4 current directors:
- Anand Premkumar Modi - Director
- Ghanshyam Sagarmal Modi - Director
- Vinit Shyam Sunder Modi - Director
- Keshav Sunil Kumar Modi - Director
The latest financial statements of Modispaces Real-Estate on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 04 November 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Modispaces Real-Estate is 27AACCT3808N1Z0, registered in Maharashtra.
The CIN (Corporate Identification Number) of Modispaces Real-Estate is U45200MH2006PTC159318. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modispaces Real-Estate has 33 court cases on record: 25 filed by the company and 8 filed against it. 15 are pending. Most are in the district courts.
Modispaces Real-Estate was incorporated on 13 January 2006, making it 20+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Modispaces Real-Estate by revenue are Trident Properties Private Limited, Mysore Realty Private Limited, B.T. Enterprises Private Limited, Rcon Pune Private Limited, Lodha Elevation Buildcon Private Limited and 1 more, all in the Real Estate industry (Builders and Developers), with the same principal business activity (buildings).
Keshav Sunil Kumar Modi was appointed as Director on 18 Jun 2014. Sachin Suryakant Shah ceased to be Director on 27 Dec 2010. Tahir Shantikumar Majithia ceased to be Director on 27 Dec 2010. Modispaces Real-Estate has 8 board changes on record in total.
Modispaces Real-Estate can be reached through the website modispaces.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Modispaces Real-Estate is at Plot No.7 Ashok Nagar Societyn S Rd No.11 Juhu Scheme Vile Parle West Mumbai, 49, Maharashtra, India – 400049.