Modi Hitech India Limited

Manufacturer and exporter of welding consumables for various industries, based in Uttar Pradesh.

1983 | Delhi (India) | Active
Last Updated:

Modi Hitech India Profile

Key Indicators

  • Authorised Capital ₹ 7.80 Cr
  • Paid Up Capital ₹ 4.05 Cr
  • Company Age 42 Year, 2 Months
  • 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 and two months. 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

Machinery and Equipment
Metals and Minerals

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.

Company report

Modi Hitech India Limited

Explore comprehensive data for Modi Hitech India Limited, including financials, compliance details, shareholding patterns, and litigation history.

Who are the key members and board of directors at Modi Hitech India?

Executive Team (1)

NameDesignationAppointment DateStatus
Shweta Company Secretary17-Jun-2024Current

Board Members (8)

NameDesignationAppointment DateStatus
Abhishek Modi Country flag representing In Director 05-Sep-1997Current
Jagan Khurana Country flag representing In Director 07-Oct-2022Current
Shiv Agarwal Country flag representing In Director 07-Oct-2022Current
Kumkum Modi Country flag representing In Director 29-Sep-1989Current
Anirudh Kumar Country flag representing In Director 20-Jul-2020Current
Jayesh Modi Country flag representing In Director 21-Jun-2010Current

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%.

Modi Hitech India revenue growth over time
Modi Hitech 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
6.76%
Revenue from Operations
6.65%
Total Assets
8.38%
Profit or Loss
-7.42%
Net Worth
3.50%
EBITDA
2.13%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹58.59 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
23 Feb 2024Others₹0.94 MOpen
13 Dec 2022Others₹5.79 MOpen
28 Oct 2022Hdfc Bank Limited₹57.56 CrOpen
18 Mar 2015Reliance Capital Ltd₹3.57 MOpen
18 May 2022Karnataka Bank Ltd.₹2.00 CrSatisfied

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.

Employee growth trends for Modi Hitech India Limited

Deals i

Graph showing company valuation over time

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

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 Modi Hitech India

Recent activity within the organization

  • Director Appointment

    Shweta was appointed as a Company Secretary was appointed as a Company Secretary on 17 Jun 2024 & has been associated with this company since 11 months 2 days .

  • Charges

    A charge with Others amounted to Rs. 0.09 Cr with Charge ID 100876091 was registered on 23 Feb 2024.

  • Annual General Meeting

    Modi Hitech India Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

  • Balance Sheet

    Modi Hitech India Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Delhi.

  • Charges

    A charge with Others amounted to Rs. 0.58 Cr with Charge ID 100655857 was registered on 13 Dec 2022.

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 57.56 Cr with Charge ID 100630259 was registered on 28 Oct 2022.

Frequently asked questions

  • What is the Incorporation or founding date of Modi Hitech India Limited?

    Modi Hitech India Limited was incorporated on 21 Feb 1983.

  • What is authorized share capital and paid-up capital of Modi Hitech India Limited?

    The authorized share capital of Modi Hitech India Limited is ₹ 7.80 Cr and paid-up capital is ₹ 4.05 Cr.

  • Who are the current board members & directors of Modi Hitech India Limited?

    Currently 9 directors are associated with Modi Hitech India Limited.

    • Abhishek Modi
    • Jagan Nath Khurana
    • Shiv Shankar Agarwal
    • Kumkum Modi
    • Anirudh Modi Kumar
    • Shweta
    • Jayesh Modi
    • Mangat Rai Gupta
    • Umesh Kumar Modi

  • What is the registered address of Modi Hitech India Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Modi Hitech India Limited is 1400Modi Tower 98 Nehru Place India, New Delhi, 110019.

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

    The corporate identification number (CIN) of Modi Hitech India Limited is U51109DL1983PLC015250 and the company number is 015250 as per Ministry of Corporate Affairs (MCA).

  • What is the official website of Modi Hitech India Limited?

    The Official website of Modi Hitech India Limited is https://www.modihitech.com

  • What has been the recent revenue trend for Modi Hitech India Limited?

    According to the financial reports for the fiscal year 2023, the revenue trend for Modi Hitech India Limited has risen by 6.76%.

  • How many employees does Modi Hitech India Limited currently have?

    As Per 2023 financial reports, 218 employees are currently employed by Modi Hitech India Limited.

  • What change has been observed in the net worth of Modi Hitech India Limited, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Modi Hitech India Limited has experienced an upsurge of 3.50%.

  • What are the total open charges for Modi Hitech India Limited?

    As per the financial statements for fiscal Year 2023, The total open charges for Modi Hitech India Limited amount to ₹ 58.59 Cr.

  • When was the last Balance Sheet of Modi Hitech India Limited filed with the ROC?

    The most recent Balance Sheet for Modi Hitech India Limited was filed with the ROC on 31 Mar 2023.

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