Modi Hitech India Profile
Key Indicators
- Authorised Capital ₹ 7.80 Cr
- Paid Up Capital ₹ 4.05 Cr
- Company Age 42 Year,
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 58.59 Cr
- Satisfied Charges ₹ 117.67 Cr
- Revenue Growth 6.76%
- Profit Growth -7.42%
- Ebitda 2.13%
- Net Worth 3.50%
- Total Assets 8.38%
About Modi Hitech India
Modi Hitech India Limited (MHIL) is a leading Public Limited Indian Non-Government Company incorporated in India on 21 February 1983 and has a history of 42 years. Its registered office is in Delhi, India.
The Corporate was formerly known as Morgardshammar India Limited. The Company is engaged in the Machinery And Equipment Industry.
The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 7.80 Cr and a paid-up capital of Rs 4.05 Cr.
The company currently has active open charges totaling ₹58.59 Cr. The company has closed loans amounting to ₹117.67 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Modi Hitech India Limited India is Shweta as COMPANY SECRETARY. Abhishek Modi, Jagan Khurana, Shiv Agarwal, and Five other members serve as directors at the Company.
Company Details
- Location
Delhi, India
- Telephone
+91-XXXXXXXXXX
- Email Address
- Website
- Social Media
Corporate Identity Details
- CIN/LLPIN
U51109DL1983PLC015250
- Company No.
015250
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
21 Feb 1983
- Date of AGM
30 Sep 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
What products or services does Modi Hitech India Limited offer?
Modi Hitech India Limited offers a wide range of products and services, including Welding Equipments & Machinery, Tig Welding Spares, Welding, Rods, Electrodes & Wires, Welding Electrodes, Metal and Alloy Wires, Welding Wires, Air Springs & Compression Springs, Wire Springs.
Who are the key members and board of directors at Modi Hitech India?
Executive Team (1)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Shweta | Company Secretary | 17-Jun-2024 | Current |
Board Members (8)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Abhishek Modi  | Director | 05-Sep-1997 | Current |
| Jagan Khurana | Director | 07-Oct-2022 | Current |
| Shiv Agarwal | Director | 07-Oct-2022 | Current |
| Kumkum Modi | Director | 29-Sep-1989 | Current |
| Anirudh Kumar | Director | 20-Jul-2020 | Current |
| Jayesh Modi | Director | 21-Jun-2010 | Current |
Financial Performance of Modi Hitech India.
Modi Hitech India Limited, for the financial year ended 2023, experienced modest growth in revenue, with a 6.76% increase. The company also saw a slight decrease in profitability, with a 7.42% decrease in profit. The company's net worth moved up by a moderate rise of 3.5%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Modi Hitech India?
In 2023, Modi Hitech India had a promoter holding of 96.17% and a public holding of 3.83%. The company had 1 Associate company. 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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Sbec Systems (India) LimitedShiv Agarwal is a mutual person
Phd Chamber Of Commerce And IndustryAbhishek Modi is a mutual person
Modi Industries LimitedAbhishek Modi, Kumkum Modi and 2 more are mutual person
Modi Illva India Private LimitedAbhishek Modi and Umesh Modi are mutual person
Jayesh Tradex Private LimitedKumkum Modi and Jayesh Modi are mutual person
Sbec Sugar LimitedAbhishek Modi, Kumkum Modi and 2 more are mutual person
Charges (Loans)
₹58.59 Cr
₹117.67 Cr
Charges Breakdown by Lending Institutions
- Hdfc Bank Limited : 57.56 Cr
- Others : 0.67 Cr
- Reliance Capital Ltd : 0.36 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 23 Feb 2024 | Others | ₹0.94 M | Open |
| 13 Dec 2022 | Others | ₹5.79 M | Open |
| 28 Oct 2022 | Hdfc Bank Limited | ₹57.56 Cr | Open |
| 18 Mar 2015 | Reliance Capital Ltd | ₹3.57 M | Open |
| 18 May 2022 | Karnataka Bank Ltd. | ₹2.00 Cr | Satisfied |
How Many Employees Work at Modi Hitech India?
Modi Hitech India has a workforce of 218 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 Modi Hitech 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 Modi Hitech 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.
