MSME (Udyam registered) Ministry of MSME
- Category
- Small (2022-23)
- Udyam number
- UDYAM-RJ-07-0000194
Modway Suiting Private Limited - manufacturing in Bhilwara, Rajasthan, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹29.17 Cr
▼ 7% YoY
Net profit · FY 2025
₹39.54 Lakh
Net margin 1.4%
EBITDA · FY 2025
₹2.33 Cr
EBITDA margin 8%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹5 Cr
Issued & subscribed
Open charges
₹354.28 Cr
Satisfied ₹66.88 Cr
Company age
40 yrs
Est. 1986
Employees · EPFO
51
Provident fund records
About Modway Suiting Private Limited
Data last updated:
Modway Suiting Private Limited is a private limited company based in Bhilwara, Rajasthan, India, a subsidiary of Swaraj Suiting Limited. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 11 November 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U18108RJ1986PTC003788. Its GSTIN is 08AABCM5293P1ZT (Rajasthan). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹5 Cr. It was formerly known as Cyan Textile Private Limited. It is led by directors Mohammed Sabir Khan and Nasir Khan.
Its last annual general meeting (AGM) was held on 27 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 470 Industrial Area Biliya Khurd Pur Road, Bhilwara, Rajasthan, India – 311001.
As per the financials filed for FY 2025, the company reported a revenue of ₹29.17 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹39.54 Lakh (net margin 1.4%) and EBITDA of ₹2.33 Cr (EBITDA margin 8%). Revenue has grown at a compounded annual rate (CAGR) of 3% over three years and 6% over five years.
The company has about 51 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹354.28 Cr and satisfied charges of ₹66.88 Cr on record.
Modway Suiting Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-07-0000194). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website modwaysuiting.com.
Company details
CIN U18108RJ1986PTC003788
Registration Number 003788
Incorporation Date 11 November 1986
ROC Jaipur
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2024
Date of Balance Sheet 31 March 2024
Parent Company Swaraj Suiting Limited
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-RJ-07-0000194
Key People
Mohammed Sabir Khan Director Nasir Khan Director Recognitions & Rankings of Modway Suiting
Contact details
Modway Suiting Private Limited's registered office is in Bhilwara, Rajasthan. Its website is modwaysuiting.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address470 Industrial Area Biliya Khurd Pur Road, Bhilwara, Rajasthan, India – 311001
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Modway Suiting Private Limited, buy the company report.
Comprehensive company report
Modway Suiting 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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Business activity
The main business activities of Modway Suiting are manufacturing and trade. In detail, this covers textile, leather and other apparel products and wholesale trading. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products | |
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Modway Suiting Private Limited, buy the company report.
Financials of Modway Suiting Private Limited
FY 2024 filings availableModway Suiting Private Limited reported revenue of ₹29.17 Cr (down 7% YoY) for FY 2025.
Revenue · FY 2025
₹29.17 Cr ▼ 7%
Net profit · FY 2025
₹39.54 Lakh margin 1.4%
EBITDA · FY 2025
₹2.33 Cr margin 8%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 7%
3 years · compounded
▲ 3%
5 years · compounded
▲ 6%
EBITDA CAGR growth
1 year
▼ 20%
3 years · compounded
▼ 4%
5 years · compounded
▼ 6%
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 20% 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 | ₹2.33 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹39.54 Lakh | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
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| 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 | 8% | ||||
| Net Profit Margin | 1.4% | ||||
| 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 Modway Suiting Private Limited, buy the company report.
Board of directors of Modway Suiting Private Limited
Modway Suiting has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohammed Sabir Khan Also directs: Swaraj Suiting Limited, Divine Suiting Private Limited, Sakina Textile Private Limited and 1 more | Director | 15 Jan 2018 | 8 Years 9 Months | Current |
| Nasir Khan Also directs: Swaraj Suiting Limited, Jamuna Synthetics Private Limited | Director | 15 Jan 2018 | 8 Years 9 Months | Current |
Peer comparison
Modway Suiting Private Limited is compared with the 7 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Urbasy Apparels Private Limited | ₹29.21 Cr (FY 2024) | -41.0% | Mumbai, Maharashtra, India | |||
| S.A.M. Apparels Private Limited | ₹29.2 Cr (FY 2024) | -51.0% | Delhi, India | |||
| Dvyn Clothing Private Limited | ₹29.2 Cr (FY 2019) | -20.0% | Udaipur, Rajasthan, India | |||
| Meet Synthetics Private Limited | ₹29.18 Cr (FY 2025) | -9.0% | Ahmedabad, Gujarat, India | |||
| Modway Suiting Private Limitedthis company | ₹29.17 Cr (FY 2025) | ₹39.54 Lakh | 1.4% | -7.0% | 51 | Bhilwara, Rajasthan, India |
| Supriya Silk Mills Private Limited | ₹29.12 Cr (FY 2025) | 18.0% | Mumbai, Maharashtra, India | |||
| Essem Jute Industries Ltd. | ₹29.12 Cr (FY 2025) | 9.0% | Kolkata, West Bengal, India | |||
| Thenpandian Textile India Private Limited | ₹29.12 Cr (FY 2025) | 14.0% | Namakkal, Tamil Nadu, India |
To see the full peer comparison of Modway Suiting Private Limited, buy the company report.
Auditor
Modway Suiting Private Limited is audited by S.K. Toshniwal & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.K. Toshniwal & Co. | FY 2023 | 008852C |
Shareholding
The shareholding of Modway Suiting 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 Modway Suiting Private Limited, buy the company report.
Charges & borrowings
Open charges
₹354.28 Cr
Satisfied charges
₹66.88 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 14 Oct 2025 | 101180560 | Sidbi | ₹10.22 Cr | Open | |
| 29 Mar 2025 | 101078140 | Canara Bank | ₹5 Cr | Open | |
| 29 Mar 2025 | 101078141 | Canara Bank | ₹1.12 Cr | Open | |
| 24 Mar 2021 | 100444485 | Others | ₹337.94 Cr | Open | |
| 28 Mar 2025 | 101075967 | Others | ₹35 Cr | Satisfied |
To see the full charge records of Modway Suiting Private Limited, buy the company report.
Total charge records: 24 View all charges
Legal cases
No court or tribunal cases involving Modway Suiting Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Modway Suiting Private Limited was last rated by Crisil on 15 Jun 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 15 Jun 2020 |
To see the full credit ratings and regulatory alerts of Modway Suiting Private Limited, buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Modway Suiting Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Modway Suiting Private Limited has a workforce of 51 employees on its EPFO records as of Mar 30, 2024, across 1 active EPFO establishment.
Employee count
51
Active EPFO establishments
1
Employee growth
-5.56%
GST
Modway Suiting has 2 GST registrations: 2 active.
Total GSTINs
2
Active
2
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AABCM5293P1ZT | Rajasthan | Active | 01 Jul 2017 |
| 23AABCM5293P1Z1 | Madhya Pradesh | Active | 29 Mar 2023 |
To see the full GST registrations and return filing status of Modway Suiting Private Limited, buy the company report.
Recent activity
Modway Suiting Private Limited has 5 board changes on record since 2018: 2 appointments and 3 cessations. The latest: Mukesh Modi ceased to be Whole-Time Director on 16 Feb 2018.
Charges
A charge with Sidbi amounted to Rs. 10.22 Cr with Charge ID 101180560 was registered on 14 Oct 2025.
Charges
A charge registered on 28 Mar 2025 via Charge ID 101075967 with Others was fully satisfied on 17 Jul 2025.
Charges
A charge with Others of Rs. 337.94 Cr registered on 24 Mar 2021 with Charge ID 100444485 was modified on 27 Jun 2025.
Charges
A charge registered on 15 Nov 2021 via Charge ID 100514487 with State Bank Of India was fully satisfied on 11 Apr 2025.
Charges
A charge registered on 31 Mar 2018 via Charge ID 100171615 with State Bank Of India was fully satisfied on 11 Apr 2025.
Charges
A charge registered on 31 Mar 2018 via Charge ID 100171607 with State Bank Of India was fully satisfied on 04 Apr 2025.
Charges
A charge with Canara Bank amounted to Rs. 5.00 Cr with Charge ID 101078140 was registered on 29 Mar 2025.
Charges
A charge with Canara Bank amounted to Rs. 1.12 Cr with Charge ID 101078141 was registered on 29 Mar 2025.
Charges
A charge with Others amounted to Rs. 35.00 Cr with Charge ID 101075967 was registered on 28 Mar 2025.
AGM
Modway Suiting Private Limited last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.
Charges
A charge registered on 23 Jul 2020 via Charge ID 100354828 with State Bank Of India was fully satisfied on 08 Jul 2024.
Filing
Modway Suiting Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Jaipur.
46 earlier events are in the company report.
Frequently asked questions
Modway Suiting is an active private limited company based in Bhilwara, Rajasthan, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 11 November 1986 (40+ years old) and is registered under CIN U18108RJ1986PTC003788.
Modway Suiting has 2 current directors:
- Mohammed Sabir Khan - Director
- Nasir Khan - Director
The latest financial statements of Modway Suiting on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 27 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Modway Suiting is 08AABCM5293P1ZT, registered in Rajasthan. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 23AABCM5293P1Z1 (Madhya Pradesh).
The CIN (Corporate Identification Number) of Modway Suiting is U18108RJ1986PTC003788. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Modway Suiting was incorporated on 11 November 1986, making it 40+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Modway Suiting by revenue are Urbasy Apparels Private Limited, S.A.M. Apparels Private Limited, Dvyn Clothing Private Limited, Meet Synthetics Private Limited, Supriya Silk Mills Private Limited and 2 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Mukesh Modi ceased to be Whole-Time Director on 16 Feb 2018. Satish Chand Modi ceased to be Managing Director on 16 Feb 2018. Satyanarayan Bajaj ceased to be Director on 16 Feb 2018. Modway Suiting has 5 board changes on record in total.
Yes, Modway Suiting is registered as a small enterprise under Udyam registration (number: UDYAM-RJ-07-0000194).
Modway Suiting can be reached through the website modwaysuiting.com. Its registered office is in Bhilwara, Rajasthan, India.
The registered office of Modway Suiting is at 470 Industrial Area Biliya Khurd Pur Road, Bhilwara, Rajasthan, India – 311001.