Modern Terry Towels Limited

Manufacturer and supplier of terry towels and fabrics, including bathroom, beach, kitchen, and sports towels.

1976 | Jaipur, Rajasthan (India) | Merged
Last Updated: January 17, 2025

Modern Terry Towels Profile

Key Indicators

  • Authorised Capital ₹ 65.00 Cr
  • Paid Up Capital ₹ 38.10 Cr
  • Company Age 48 Year, 5 Months
  • Last Filing with ROC 31 Mar 2016
  • Satisfied Charges ₹ 110.55 Cr
  • Revenue Growth 90.12%
  • Profit Growth -132.97%
  • Ebitda 131.00%
  • Net Worth -27.29%
  • Total Assets 25.98%

About Modern Terry Towels

Modern Terry Towels Limited (MTTL) is Amalgamated company established on 13 Aug 1976 with its office registered at Jaipur, Rajasthan, India and has been running since 48 Year, 5 Months with a paid up capital of 38.10 Cr. According to MCA records, 6 Directors and 2 Signatories are linked to this company as of 17 Jan 2025.

Company Details

  • Location

    Jaipur, Rajasthan, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    L17124RJ1976PLC001869

  • Company No.

    001869

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    13 Aug 1976

  • Date of AGM

    22 Sep 2016

  • Date of Balance Sheet

    31 Mar 2016

  • Listing Status

    Listed

  • ROC Code

    Roc Jaipur

Industry

Manufacturing

Who are the key members and board of directors at Modern Terry Towels?

Executive Team (2)

Name Designation Appointment Date Status
Krishna Tela Company Secretary 01-Oct-2008 Current
Vishnu Mangal Country flag representing In CFO 01-Jul-2014 Current

Board Members (6)

Name Designation Appointment Date Status
Sanjay Baijal Country flag representing In Whole-Time Director 01-Jul-2013 Current
Meenu Sacheti Country flag representing In Director 31-Mar-2015 Current
Sureshkumar Sharma Country flag representing In Director 31-Mar-2008 Current
Prabhakar Rao Country flag representing In Director 31-Mar-2000 Current
Hiralal Sharma Country flag representing In Director 24-Mar-2001 Current
Sachin Ranka Country flag representing In Director 25-Sep-1992 Current

Financial Performance of Modern Terry Towels.

Modern Terry Towels Limited, for the financial year ended 2015, experienced significant growth in revenue, with a 90.12% increase. The company also saw a substantial fall in profitability, with a 132.97% decrease in profit. The company's net worth observed a substantial decline by a decrease of 27.29%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
90.12%
Revenue from Operations
94.15%
Total Assets
25.98%
Profit or Loss
-132.97%
Net Worth
-27.29%
EBITDA
131.00%

What is the Ownership and Shareholding Structure of Modern Terry Towels?

In 2016, Modern Terry Towels had a promoter holding of 41.91% and a public holding of 58.09%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹110.55 Cr

Charges Breakdown by Lending Institutions

  • Bank Of India : 29.80 Cr
  • Punjab & Sind Bank : 28.38 Cr
  • Asian Finance & Investment Corporation Ltd. : 26.24 Cr
  • Oriental Bank Of Commerce : 10.36 Cr
  • Indian Overseas Bank : 10.00 Cr
  • Others : 5.77 Cr

Latest Charge Details

Date Lender Amount Status
26 Feb 1998 Bank Of India ₹4.75 Cr Satisfied
26 Aug 1995 Punjab & Sind Bank ₹2.50 Cr Satisfied
12 May 1995 Indian Overseas Bank ₹10.00 Cr Satisfied
04 May 1995 Punjab & Sind Bank ₹5.53 Cr Satisfied
04 May 1995 Punjab & Sind Bank ₹4.13 Cr Satisfied

How Many Employees Work at Modern Terry Towels?

Modern Terry Towels has a workforce of 84 employees as of Apr 02, 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.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Modern Terry Towels, 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 Modern Terry Towels's trajectory.

Rating

Graph displaying rating trends over time

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

Alert Indicator

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 Modern Terry Towels

Recent activity within the organization

  • Annual General Meeting

    Modern Terry Towels Limited last Annual general meeting of members was held on 22 Sep 2016 as per latest MCA records.

    22 Sep 2016

  • Balance Sheet

    Modern Terry Towels Limited has filed its annual Financial statements for the year ended 31 Mar 2016 with Roc Jaipur.

    31 Mar 2016

  • Director Appointment

    Meenu Alok Sacheti was appointed as a Director was appointed as a Director on 31 Mar 2015 & has been associated with this company since 9 years 10 months .

    31 Mar 2015

  • Director Appointment

    Vishnu Kant Mangal was appointed as a Cfo was appointed as a Cfo on 01 Jul 2014 & has been associated with this company since 10 years 7 months .

    01 Jul 2014

  • Director Appointment

    Sanjay Baijal was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 01 Jul 2013 & has been associated with this company since 11 years 7 months .

    01 Jul 2013

  • Charges

    A charge registered on 26 Aug 1995 via Charge ID 80062567 with Punjab & Sind Bank was fully satisfied on 05 Sep 2012.

    05 Sep 2012

Frequently asked questions

  • Modern Terry Towels Limited was incorporated on 13 Aug 1976.

  • The authorized share capital of Modern Terry Towels Limited is ₹ 65.00 Cr and paid-up capital is ₹ 38.10 Cr.

  • Currently 8 directors are associated with Modern Terry Towels Limited.

    • Krishna Tela
    • Vishnu Kant Mangal
    • Sanjay Baijal
    • Meenu Alok Sacheti
    • Sureshkumar Mohanlal Sharma
    • Prabhakar Krishna Rao
    • Hiralal Sharma
    • Sachin Ranka
  • As per Ministry of Corporate Affairs (Mca), the registered address of Modern Terry Towels Limited is A-4 Vijay Path Tilak Nagar, India, Jaipur, Rajasthan, 302004.

  • The corporate identification number (CIN) of Modern Terry Towels Limited is L17124RJ1976PLC001869 and the company number is 001869 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Modern Terry Towels Limited is https://www.modernterrytowels.com

  • According to the financial reports for the fiscal year 2015, the revenue trend for Modern Terry Towels Limited has risen by 90.12%.

  • As Per 2015 financial reports, 84 employees are currently employed by Modern Terry Towels Limited.

  • The financial reports for the fiscal year 2015 indicates that The net worth of Modern Terry Towels Limited has experienced an downturn of -27.29%.

  • The most recent Balance Sheet for Modern Terry Towels Limited was filed with the ROC on 31 Mar 2016.

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