Modern Threads (India) Limited

Manufactures and sells yarn and wool products, exports globally.

1980 | Bhilwara, Rajasthan (India) | Active
Last Updated:

Modern Threads (India) Profile

Key Indicators

  • Authorised Capital ₹ 205.00 Cr
  • Paid Up Capital ₹ 34.78 Cr
  • Company Age 44 Year, 7 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 seven 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

  • Location

    Bhilwara, Rajasthan, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L17115RJ1980PLC002075

  • Company No.

    002075

  • Stock Symbol

    BSE : 500282

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    28 Aug 1980

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Jaipur

Industry

Manufacturing

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.

Company report

Modern Threads (India) Limited

Explore comprehensive data for Modern Threads (India) Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Modern Threads (India)?

Executive Team (3)

NameDesignationAppointment DateStatus
Anil Jain Country flag representing In Company Secretary21-Nov-2024Current
Prabodh Nahar Country flag representing In CFO01-Jul-2014Current
Rajesh Ranka Country flag representing In Managing Director22-Sep-2011Current

Board Members (6)

NameDesignationAppointment DateStatus
Ram Kabra Country flag representing In Whole-Time Director 19-Nov-2021Current
Chhitar Jain Country flag representing In Director 01-Jul-2022Current
Jagdishnarayan Sharma Country flag representing In Director 29-Feb-2020Current
Veena Jain Country flag representing In Director 18-Jun-2015Current
Ankita Jain Country flag representing In Director 01-Jul-2022Current
Mukesh Soni Additional Director 14-Nov-2024Current

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%.

Modern Threads (India) revenue growth over time
Modern Threads (India) 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
-33.38%
Revenue from Operations
-26.65%
Total Assets
-3.14%
Profit or Loss
-93.22%
Net Worth
1.69%
EBITDA
17.62%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹20.00 Cr

Satisfied Charges

₹899.19 Cr

Charges Breakdown by Lending Institutions

  • Uco Bank : 20.00 Cr

Latest Charge Details

DateLenderAmountStatus
30 Sep 2024Uco Bank₹20.00 CrOpen
09 Feb 2000Industrial Investment Bank Of India Limited₹6.71 MSatisfied
09 Feb 2000Industrial Investment Bank Of India Limited₹1.65 CrSatisfied
09 Dec 1999Sumurai Commercials Private Limited₹51.01 CrSatisfied
23 Apr 1999Punjab & Sind Bank₹2.50 MSatisfied

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.

Employee growth trends for Modern Threads (India) Limited

Deals i

Graph showing company valuation over time

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

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 Threads (India)

Recent activity within the organization

  • Director Appointment

    Anil Kumar Jain was appointed as a Company Secretary was appointed as a Company Secretary on 21 Nov 2024 & has been associated with this company since 5 months 3 days .

  • Director Appointment

    Mukesh Kumar Soni was appointed as a Additional Director was appointed as a Additional Director on 14 Nov 2024 & has been associated with this company since 5 months 10 days .

  • Charges

    A charge with Uco Bank amounted to Rs. 20.00 Cr with Charge ID 100988918 was registered on 30 Sep 2024.

  • Annual General Meeting

    Modern Threads (India) Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Modern Threads (India) Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Jaipur.

  • Charges

    A charge registered on 24 Sep 1996 via Charge ID 80062520 with Others was fully satisfied on 29 Jun 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Modern Threads (India) Limited?

    Modern Threads (India) Limited was incorporated on 28 Aug 1980.

  • What is authorized share capital and paid-up capital of Modern Threads (India) Limited?

    The authorized share capital of Modern Threads (India) Limited is ₹ 205.00 Cr and paid-up capital is ₹ 34.78 Cr.

  • Who are the current board members & directors of Modern Threads (India) Limited?

    Currently 9 directors are associated with Modern Threads (India) Limited.

    • Anil Kumar Jain
    • Prabodh Kumar Nahar
    • Chhitar Mal Jain
    • Jagdishnarayan Sharma
    • Veena Jain
    • Rajesh Ranka
    • Ram Awatar Kabra
    • Ankita Jain
    • Mukesh Kumar Soni

  • What is the registered address of Modern Threads (India) Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Modern Threads (India) Limited is Modern Woollens Pragati Path, India, Bhilwara, Rajasthan, 311001.

  • What is the corporate identification number (CIN) and company number of Modern Threads (India) Limited?

    The corporate identification number (CIN) of Modern Threads (India) Limited is L17115RJ1980PLC002075 and the company number is 002075 as per Ministry of Corporate Affairs (MCA).

  • Is Modern Threads (India) Limited registered with any stock exchange in India?

    Yes, Modern Threads (India) Limited is registered on Bombay Stock Exchange (BSE).

  • What is the official website of Modern Threads (India) Limited?

    The Official website of Modern Threads (India) Limited is https://www.modernwoollens.com

  • What has been the recent revenue trend for Modern Threads (India) Limited?

    According to the financial reports for the fiscal year 2021, the revenue trend for Modern Threads (India) Limited has fallen by -33.38%.

  • How many employees does Modern Threads (India) Limited currently have?

    As Per 2021 financial reports, 267 employees are currently employed by Modern Threads (India) Limited.

  • What change has been observed in the net worth of Modern Threads (India) Limited, and by what percentage?

    The financial reports for the fiscal year 2021 indicates that The net worth of Modern Threads (India) Limited has experienced an upsurge of 1.69%.

  • What are the total open charges for Modern Threads (India) Limited?

    As per the financial statements for fiscal Year 2021, The total open charges for Modern Threads (India) Limited amount to ₹ 20.00 Cr.

  • When was the last Balance Sheet of Modern Threads (India) Limited filed with the ROC?

    The most recent Balance Sheet for Modern Threads (India) Limited was filed with the ROC on 31 Mar 2024.

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