About Modutec Ready Panels Private Limited
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Modutec Ready Panels Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Load Controls India Private Limited. It operates in the power equipment manufacturers segment of the energy and power sector. It was incorporated on 16 February 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U31200KA2007PTC041803. Its GSTIN is 29AAKCM5801C1ZL (Karnataka).
The company has an authorised share capital of ₹24 Lakh and a paid-up capital of ₹1.14 Lakh. It is led by directors including Mani Ramani (Managing Director) and Sukanya Ramani.
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 No. 3 Uttari Road K. Ashwath Industrial Layout Kaggalipura Off: Kanakapura Road, Bangalore, Karnataka, India – 560116.
As per the financials filed for FY 2024, the company reported a revenue of ₹21.55 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹48.49 Lakh (net margin 2.2%) and EBITDA of ₹1.34 Cr (EBITDA margin 6.2%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 115% over five years.
The company has about 75 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹2.48 Cr and satisfied charges of ₹1.71 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modutec.net.
Company details
Contact details
Modutec Ready Panels Private Limited's registered office is in Bangalore, Karnataka. Its website is modutec.net. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo. 3 Uttari Road K. Ashwath Industrial Layout Kaggalipura Off: Kanakapura Road, Bangalore, Karnataka, India – 560116
- IndustryEnergy and Power, Power Equipment Manufacturers
To see the full contact details of Modutec Ready Panels 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 Modutec Ready Panels is manufacturing. In detail, this covers electrical equipment, general purpose and special purpose machinery & equipment, transport equipment.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C10 | Electrical equipment, General Purpose and Special purpose Machinery & equipment, Transport equipment |
To see the full business activity and turnover split of Modutec Ready Panels Private Limited, buy the company report.
Financials of Modutec Ready Panels Private Limited
FY 2025 filings availableModutec Ready Panels Private Limited reported revenue of ₹21.55 Cr (up 3% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 115% over five years, including 3% growth in the latest year. EBITDA fell 36% 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 |
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| EBITDA | ₹1.34 Cr | ||||
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| Net Profit (PAT) | ₹48.49 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 6.2% | ||||
| Net Profit Margin | 2.2% | ||||
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To see the full financial statements and ratios of Modutec Ready Panels Private Limited, buy the company report.
Board of directors of Modutec Ready Panels Private Limited
Modutec Ready Panels has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sukanya Ramani | Director | 16 Feb 2007 | 19 Years 8 Months | Current |
| Mani Ramani | Managing Director | 16 Feb 2007 | 19 Years 8 Months | Current |
| Srivathsala Kanchi Nandagopal Also directs: Sobha Limited, Bluspring Enterprises Limited, Intuitive Alignment Sewa Private Limited and 5 more | Director | 18 Aug 2020 | 6 Years 2 Months | Current |
Peer comparison
Modutec Ready Panels Private Limited is compared with the 3 companies closest to it by revenue in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Winger Power Private Limited | ₹22.1 Cr (FY 2025) | 34.0% | New Delhi, Delhi, India | |||
| Metsmith Innovations Private Limited | ₹21.81 Cr (FY 2024) | -1.0% | Bangalore, Karnataka, India | |||
| Modutec Ready Panels Private Limitedthis company | ₹21.55 Cr (FY 2024) | ₹48.49 Lakh | 2.2% | 3.0% | 75 | Bangalore, Karnataka, India |
| Epi Electricals Private Limited | ₹21.38 Cr (FY 2024) | 63.0% | Navi Mumbai, Maharashtra, India |
To see the full peer comparison of Modutec Ready Panels Private Limited, buy the company report.
Auditor
Modutec Ready Panels Private Limited is audited by R V K S AND ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R V K S AND ASSOCIATES | FY 2023 | 008572S |
Shareholding
The shareholding of Modutec Ready Panels 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 |
|---|---|---|---|---|---|
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| Others |
To see the full shareholding pattern of Modutec Ready Panels Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 19 Jan 2023 | 100683125 | Hdfc Bank Limited | ₹2.48 Cr | Open | |
| 17 Feb 2021 | 100434473 | Canara Bank | ₹1.6 Cr | Satisfied | |
| 24 Jul 2020 | 100385937 | Canara Bank | ₹6.8 Lakh | Satisfied | |
| 07 May 2020 | 100385935 | Canara Bank | ₹4 Lakh | Satisfied |
To see the full charge records of Modutec Ready Panels Private Limited, buy the company report.
Total charge records: 4 View all charges
Legal cases
No court or tribunal cases involving Modutec Ready Panels 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
Modutec Ready Panels Private Limited has 3 MSME Form 1 returns on record between 2020 and 2023, listing 193 overdue payments to 21 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 21)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| D V Steel Corporation | |||
| an individual supplier | |||
| an individual supplier | |||
| Surabhi Industries | |||
| Suman Electric Udyogs Private Limited |
To see the full MSME payment records of Modutec Ready Panels Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Modutec Ready Panels Private Limited has a workforce of 75 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Modutec Ready Panels has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAKCM5801C1ZL | Karnataka | Active | 14 Jun 2018 |
To see the full GST registrations and return filing status of Modutec Ready Panels Private Limited, buy the company report.
Recent activity
Modutec Ready Panels Private Limited has 4 board changes on record since 2007: 3 appointments and 1 cessation. The latest: Srivathsala Kanchi Nandagopal ceased to be Additional Director on 31 Dec 2020.
3 earlier events are in the company report.
Frequently asked questions
Modutec Ready Panels is an active private limited company based in Bangalore, Karnataka, India. The company works in power equipment manufacturers, within the energy and power industry. It was incorporated on 16 February 2007 (19+ years old) and is registered under CIN U31200KA2007PTC041803.
Modutec Ready Panels has 3 current directors:
- Mani Ramani - Managing Director
- Sukanya Ramani - Director
- Srivathsala Kanchi Nandagopal - Director
The latest financial statements of Modutec Ready Panels 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 Modutec Ready Panels is 29AAKCM5801C1ZL, registered in Karnataka.
The CIN (Corporate Identification Number) of Modutec Ready Panels is U31200KA2007PTC041803. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modutec Ready Panels was incorporated on 16 February 2007, making it 19+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Modutec Ready Panels by revenue are Winger Power Private Limited, Metsmith Innovations Private Limited, Epi Electricals Private Limited, all in the Power industry (Power Equipment Manufacturers), with the same principal business activity (electrical equipment, general purpose and special purpose machinery & equipment, transport equipment).
Srivathsala Kanchi Nandagopal ceased to be Additional Director on 31 Dec 2020. Srivathsala Kanchi Nandagopal was appointed as Director on 18 Aug 2020. Mani Ramani was appointed as Managing Director on 16 Feb 2007. Modutec Ready Panels has 4 board changes on record in total.
Modutec Ready Panels has 3 MSME Form 1 returns on record between 2020 and 2023, listing 193 overdue payments to 21 micro and small suppliers. The latest return was filed on 27 Aug 2023.
Modutec Ready Panels can be reached through the website modutec.net. Its registered office is in Bangalore, Karnataka, India.
The registered office of Modutec Ready Panels is at No. 3 Uttari Road K. Ashwath Industrial Layout Kaggalipura Off: Kanakapura Road, Bangalore, Karnataka, India – 560116.
Modutec Ready Panels operates in the energy and power industry, in the power equipment manufacturers segment.