Modenik Lifestyle Profile
Key Indicators
- Authorised Capital ₹ 89.25 Cr
- Paid Up Capital ₹ 34.43 Cr
- Company Age 21 Year, 10 Days
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 219.00 Cr
- Satisfied Charges ₹ 339.34 Cr
- Revenue Growth 16.00%
- Profit Growth 232.52%
- Ebitda 58.51%
- Net Worth 132.23%
- Total Assets 15.08%
About Modenik Lifestyle
Modenik Lifestyle Private Limited (MLPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 20 February 2004 and has a history of 21 years. Its registered office is in Bangaluru, Karnataka, India.
The Corporate was formerly known as Modenik Lifestyle Private Limited. The Company is engaged in the Fashion And Textile Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 89.25 Cr and a paid-up capital of Rs 34.43 Cr.
The company currently has active open charges totaling ₹219.00 Cr. The company has closed loans amounting to ₹339.34 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Modenik Lifestyle Private Limited India are Manish Daga as Cfo, Nisha Jain as Company Secretary, and Shekhar Tewari as Ceo. Shantanu Khosla, Shweta Jalan, Girish Paranjape, and Five other members serve as directors at the Company.
Company Details
- Location
Bangaluru, Karnataka, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U17111KA2004PTC133522
- Company No.
010996
- Company Classification
Private Limited Indian Non-Government Company
- Incorporation Date
20 Feb 2004
- Date of AGM
16 Aug 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Bangalore
Industry
Fashion and Textile
What products or services does Modenik Lifestyle Private Limited offer?
Modenik Lifestyle Private Limited offers a wide range of products and services, including Unisex Clothing, T Shirts, Winter Wear & Accessories, Winter Hoodies, Kids Casual, Ethnic & Western Wear, Kids Capri, Audio Mixer, Recorder & Transmitter, DJ Equipment, Audio Devices, Men Wear.
Who are the key members and board of directors at Modenik Lifestyle?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Manish Daga  | CFO | 30-Apr-2024 | Current |
| Nisha Jain | Company Secretary | 29-Mar-2024 | Current |
| Shekhar Tewari | CEO | 23-May-2024 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Girish Paranjape | Director | 20-Sep-2017 | Current |
| Shantanu Khosla | Director | 20-Sep-2017 | Current |
| Shweta Jalan | Director | 20-Sep-2017 | Current |
| Shekhar Tewari | Whole-Time Director | 02-Apr-2024 | Current |
| Manish Daga | Whole-Time Director and Cfo | 02-Apr-2024 | Current |
| Sahil Dalal | Director | 20-Sep-2017 | Current |
Financial Performance of Modenik Lifestyle.
Modenik Lifestyle Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 16% increase. The company also saw a substantial improvement in profitability, with a 232.52% increase in profit. The company's net worth Soared by an impressive increase of 132.23%.
- Key Matrics
- Balance Sheet
- Profit and Loss
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What is the Ownership and Shareholding Structure of Modenik Lifestyle?
In 2022, Modenik Lifestyle had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
The Advertising Standards Council Of IndiaVaidyanathan Lalgudi is a mutual person
Gillette India LimitedVaidyanathan Lalgudi is a mutual person
Mphasis LimitedGirish Paranjape is a mutual person
Advent India Pe Advisors Private LimitedSahil Dalal is a mutual person
Bikaji Foods International LimitedSunil Sethi is a mutual person
Butterfly Gandhimathi Appliances LimitedShantanu Khosla is a mutual person
Charges (Loans)
Open Charges
₹219.00 Cr
Satisfied Charges
₹339.34 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 130.00 Cr
- Others : 45.00 Cr
- Citi Bank N.A. : 44.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 19 Apr 2022 | Others | ₹45.00 Cr | Open |
| 24 Nov 2021 | Citi Bank N.A. | ₹44.00 Cr | Open |
| 09 Dec 2015 | Hdfc Bank Limited | ₹130.00 Cr | Open |
| 18 Jul 2020 | Others | ₹30.00 Cr | Satisfied |
| 03 Jan 2020 | Others | ₹20.00 Cr | Satisfied |
How Many Employees Work at Modenik Lifestyle?
Modenik Lifestyle has a workforce of 3528 employees as of Apr 07, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Modenik Lifestyle, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Modenik Lifestyle's trajectory.
Rating
Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.
Alerts
Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.
Latest Updates, News, and FAQs on Modenik Lifestyle
Recent activity within the organization
- Annual General Meeting
Modenik Lifestyle Private Limited last Annual general meeting of members was held on 16 Aug 2024 as per latest MCA records.
- Director Appointment
Vaidyanathan Viswanathan Lalgudi was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 12 Jul 2024 & has been associated with this company since 7 months 20 days .
- Director Appointment
Shekhar Tewari was appointed as a Ceo was appointed as a Ceo on 23 May 2024 & has been associated with this company since 9 months 9 days .
- Director Appointment
Manish Daga was appointed as a Cfo was appointed as a Cfo on 30 Apr 2024 & has been associated with this company since 10 months 1 day .
- Director Appointment
Shekhar Tewari was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 02 Apr 2024 & has been associated with this company since 10 months 29 days .
- Director Appointment
Manish Daga was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 02 Apr 2024 & has been associated with this company since 10 months 29 days .
Recent News, Updates & Announcement
PE firm Advent to acquire lingerie maker Enamor.Advent International has been looking at mostly controlled deals in India..
- PE Firms Pass on $500M Company Sale, Now Regretting Decision to Go Public.
When you're trying to sell your company for $500 million and you ask PE firms like Carlyle and Advent to buy a controlling stake, but they're like "nah, we want to be in charge." So you're like "fine, take control, just give us the money." But then you remember that time when Mylan, Baring Private Equity, and Cadila Healthcare wanted to buy you, but you were like "nah, we'll just go public." And now you're like "oops, maybe we should have taken that deal." #humblebrag #shouldhavegonepublic #PEproblems.
Frequently asked questions
What is the Incorporation or founding date of Modenik Lifestyle Private Limited?
Modenik Lifestyle Private Limited was incorporated on 20 Feb 2004.
What is authorized share capital and paid-up capital of Modenik Lifestyle Private Limited?
The authorized share capital of Modenik Lifestyle Private Limited is ₹ 89.25 Cr and paid-up capital is ₹ 34.43 Cr.
Who are the current board members & directors of Modenik Lifestyle Private Limited?
Currently 11 directors are associated with Modenik Lifestyle Private Limited.
- Shantanu Maharaj Khosla
- Shweta Jalan
- Girish Shrikrishna Paranjape
- Shekhar Tewari
- Manish Daga
- Sahil Dilip Dalal
- Sunil Sethi
- Vaidyanathan Viswanathan Lalgudi
- Manish Daga
- Nisha Jain
- Shekhar Tewari
What is the registered address of Modenik Lifestyle Private Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Modenik Lifestyle Private Limited is No 28 36/5 Ferns Icon 4Th Floor Doddanekundi, Marathahalli Outer Ring Road India, Bangalore North, Karnataka, 560037.
What is the corporate identification number (CIN) and company number of Modenik Lifestyle Private Limited?
The corporate identification number (CIN) of Modenik Lifestyle Private Limited is U17111KA2004PTC133522 and the company number is 010996 as per Ministry of Corporate Affairs (MCA).
What is the official website of Modenik Lifestyle Private Limited?
The Official website of Modenik Lifestyle Private Limited is https://www.modenik.in
What has been the recent revenue trend for Modenik Lifestyle Private Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Modenik Lifestyle Private Limited has risen by 16.00%.
How many employees does Modenik Lifestyle Private Limited currently have?
As Per 2022 financial reports, 3528 employees are currently employed by Modenik Lifestyle Private Limited.
What change has been observed in the net worth of Modenik Lifestyle Private Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Modenik Lifestyle Private Limited has experienced an upsurge of 132.23%.
What are the total open charges for Modenik Lifestyle Private Limited?
As per the financial statements for fiscal Year 2022, The total open charges for Modenik Lifestyle Private Limited amount to ₹ 219.00 Cr.
When was the last Balance Sheet of Modenik Lifestyle Private Limited filed with the ROC?
The most recent Balance Sheet for Modenik Lifestyle Private Limited was filed with the ROC on 31 Mar 2024.
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