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Modern Threads (India) Profile
Key Indicators
- Authorised Capital ₹ 205.00 Cr
- Paid Up Capital ₹ 34.78 Cr
- Company Age 44 Year, 5 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 20.00 Cr
- Satisfied Charges ₹ 899.19 Cr
- Revenue Growth -33.38%
- Profit Growth -93.22%
- Ebitda 17.62%
- Net Worth 1.69%
- Total Assets -3.14%
About Modern Threads (India)
Modern Threads (India) Limited (MTIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 28 August 1980 and has a history of 44 years and five months. Its registered office is in Bhilwara, Rajasthan, India.
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 500282.
The Company is engaged in the Manufacturing 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 205.00 Cr and a paid-up capital of Rs 34.78 Cr.
The company currently has active open charges totaling ₹20.00 Cr. The company has closed loans amounting to ₹899.19 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Modern Threads (India) Limited India are Anil Jain as COMPANY SECRETARY and Prabodh Nahar as Cfo. Chhitar Jain, Jagdishnarayan Sharma, Veena Jain, and Four other members serve as directors at the Company.
Company Details
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Location
Bhilwara, Rajasthan, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
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CIN/LLPIN
L17115RJ1980PLC002075
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Company No.
002075
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Stock Symbol
BSE : 500282
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Company Classification
Public Limited Indian Non-Government Company
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Incorporation Date
28 Aug 1980
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Date of AGM
30 Sep 2024
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Date of Balance Sheet
31 Mar 2024
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Listing Status
Listed
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ROC Code
Roc Jaipur
Industry
What products or services does Modern Threads (India) Limited offer?
Modern Threads (India) Limited offers a wide range of products and services, including Yarns & Threads, Synthetic Yarn, Oils, Grease & Lubricants, Grease, Yarn, Blended Yarn.
Who are the key members and board of directors at Modern Threads (India)?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Anil Jain
|
Company Secretary | 21-Nov-2024 | Current |
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Prabodh Nahar
|
CFO | 01-Jul-2014 | Current |
|
Rajesh Ranka
|
Managing Director | 22-Sep-2011 | Current |
Board Members (6)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
|
Ram Kabra
|
Whole-Time Director | 19-Nov-2021 | Current |
|
Chhitar Jain
|
Director | 01-Jul-2022 | Current |
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Jagdishnarayan Sharma
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Director | 29-Feb-2020 | Current |
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Veena Jain
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Director | 18-Jun-2015 | Current |
|
Ankita Jain
|
Director | 01-Jul-2022 | Current |
| Mukesh Soni | Additional Director | 14-Nov-2024 | Current |
Financial Performance of Modern Threads (India).
Modern Threads (India) Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 33.38% decrease. The company also saw a substantial fall in profitability, with a 93.22% decrease in profit. The company's net worth moved up by a moderate rise of 1.69%.
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What is the Ownership and Shareholding Structure of Modern Threads (India)?
In 2022, Modern Threads (India) had a promoter holding of 65.10% and a public holding of 34.91%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
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Sangam (India) LimitedAnil Jain is a mutual person
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Modern Polytex LimitedRajesh Ranka is a mutual person
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Indian Woollen Mills' Federation
Rajesh Ranka is a mutual person
Charges (Loans)
₹20.00 Cr
₹899.19 Cr
Charges Breakdown by Lending Institutions
- Uco Bank : 20.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Sep 2024 | Uco Bank | ₹20.00 Cr | Open |
| 09 Feb 2000 | Industrial Investment Bank Of India Limited | ₹6.71 M | Satisfied |
| 09 Feb 2000 | Industrial Investment Bank Of India Limited | ₹1.65 Cr | Satisfied |
| 09 Dec 1999 | Sumurai Commercials Private Limited | ₹51.01 Cr | Satisfied |
| 23 Apr 1999 | Punjab & Sind Bank | ₹2.50 M | Satisfied |
How Many Employees Work at Modern Threads (India)?
Modern Threads (India) has a workforce of 267 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.
Deals i
Gain comprehensive insights into the Deals and Valuation data of Modern Threads (India), 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 Threads (India)'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.
