Modi Springs Private Limited

Manufacturer of leaf springs for automobiles, railway suspensions, and auto parts in Punjab.

1987 | Distt Sangrur, Punjab (India) | Active
Last Updated: January 08, 2025

Modi Springs Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 5.00 M
  • Company Age 37 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 31.27 Cr
  • Satisfied Charges ₹ 5.22 Cr
  • Revenue Growth 11927.48%
  • Profit Growth 10233.86%
  • Ebitda 15902.94%
  • Net Worth 11118.52%
  • Total Assets 9990.93%

About Modi Springs

Modi Springs Private Limited (MSPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 28 April 1987 and has a history of 37 years and nine months. Its registered office is in Distt Sangrur, Punjab.

The Company is engaged in the Automotive 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 5.00 M and a paid-up capital of Rs 5.00 M.

The company currently has active open charges totaling ₹31.27 Cr. The company has closed loans amounting to ₹5.22 Cr, as per Ministry of Corporate Affairs (MCA) records.

Anil Goyal, Sanjay Goyal, Ajay Goyal, and Two other members serve as directors at the Company.

Company Details

  • Location Distt Sangrur, Punjab
  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    modisprings.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U34300PB1987PTC007442

  • Company No.

    007442

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    28 Apr 1987

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Automotive
Machinery and Equipment
Transport and Logistics

What products or services does Modi Springs Private Limited offer?

Modi Springs Private Limited offers a wide range of products and services, including Leaf Springs, Truck Leaf Spring, Trailer Leaf Spring.

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

Board Members (5)

NameDesignationAppointment DateStatus
Anil Goyal Country flag representing In Director 28-Apr-1987Current
Sanjay Goyal Country flag representing In Director 28-Apr-1987Current
Ajay Goyal Country flag representing In Director 28-Apr-1987Current
Abhinav Goyal Country flag representing In Director 10-Jun-2024Current
Arnav Goyal Country flag representing In Director 10-Jun-2024Current

Financial Performance of Modi Springs.

Modi Springs Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 11927.48% increase. The company also saw a substantial improvement in profitability, with a 10233.86% increase in profit. The company's net worth Soared by an impressive increase of 11118.52%.

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
11927.48%
Revenue from Operations
12023.23%
Total Assets
9990.93%
Profit or Loss
10233.86%
Net Worth
11118.52%
EBITDA
15902.94%

What is the Ownership and Shareholding Structure of Modi Springs?

Unlock access to Modi Springs's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹312.70 M

Satisfied Charges

₹52.20 M

Charges Breakdown by Lending Institutions

  • State Bank Of India : 31.27 Cr

Latest Charge Details

DateLenderAmountStatus
16 Aug 2024State Bank Of India₹4.95 CrOpen
08 Dec 2023State Bank Of India₹2.00 CrOpen
15 Jun 2023State Bank Of India₹14.98 CrOpen
30 Apr 2020State Bank Of India₹8.16 CrOpen
18 Dec 2019State Bank Of India₹1.18 CrOpen

How Many Employees Work at Modi Springs?

Modi Springs has a workforce of 20 employees as of Apr 05, 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 Modi Springs, 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 Springs'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 Springs

Recent activity within the organization

  • Annual General Meeting

    Modi Springs Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Charges

    A charge registered on 30 Sep 2023 via Charge ID 100800327 with State Bank Of India was fully satisfied on 11 Sep 2024.

    11 Sep 2024

  • Charges

    A charge with State Bank Of India amounted to Rs. 49.50 M with Charge ID 100972373 was registered on 16 Aug 2024.

    16 Aug 2024

  • Director Appointment

    Abhinav Goyal was appointed as a Director was appointed as a Director on 10 Jun 2024 & has been associated with this company since 8 months 15 days .

    10 Jun 2024

  • Director Appointment

    Arnav Goyal was appointed as a Director was appointed as a Director on 10 Jun 2024 & has been associated with this company since 8 months 15 days .

    10 Jun 2024

  • Balance Sheet

    Modi Springs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.

    31 Mar 2024

Frequently asked questions

  • Modi Springs Private Limited was incorporated on 28 Apr 1987.

  • The authorized share capital of Modi Springs Private Limited is ₹ 5.00 M and paid-up capital is ₹ 5.00 M.

  • Currently 5 directors are associated with Modi Springs Private Limited.

    • Anil Kumar Goyal
    • Sanjay Kumar Goyal
    • Ajay Kumar Goyal
    • Abhinav Goyal
    • Arnav Goyal
  • As per Ministry of Corporate Affairs (Mca), the registered address of Modi Springs Private Limited is A 11 12Industrial Estate Malerkotla India, Distt Sangrur, Punjab.

  • The corporate identification number (CIN) of Modi Springs Private Limited is U34300PB1987PTC007442 and the company number is 007442 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Modi Springs Private Limited is https://www.modisprings.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Modi Springs Private Limited has risen by 11927.48%.

  • As Per 2023 financial reports, 20 employees are currently employed by Modi Springs Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Modi Springs Private Limited has experienced an upsurge of 11118.52%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Modi Springs Private Limited amount to ₹ 31.27 Cr.

  • The most recent Balance Sheet for Modi Springs Private Limited was filed with the ROC on 31 Mar 2024.

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