Modicare Profile
Key Indicators
- Authorised Capital ₹ 24.00 Cr
- Paid Up Capital ₹ 4.88 Cr
- Company Age 51 Year, 9 Months
- Last Filing with ROC 31 Mar 2024
- Satisfied Charges ₹ 16.74 Cr
- Revenue Growth -0.73%
- Profit Growth -49.54%
- Ebitda -43.92%
- Net Worth 27.94%
- Total Assets 29.00%
About Modicare
Modicare Limited (ML) was founded in India on 12 July 1973 and has a glorious history of 51 years and nine months. Its registered office is in Delhi, India.
The Company is engaged in the E-Commerce 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 24.00 Cr and a paid-up capital of Rs 4.88 Cr.
The company has closed loans amounting to ₹16.74 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Modicare Limited India is Shikha Sharma as COMPANY SECRETARY. Jayati Modi, Vedika Modi, Anil Upreti, and Two 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
U72200DL1973PLC110617
- Company No.
110617
- Company Classification
Public Limited Indian Non-Government Company
- Incorporation Date
12 Jul 1973
- Date of AGM
30 Sep 2024
- Date of Balance Sheet
31 Mar 2024
- Listing Status
Unlisted
- ROC Code
Roc Delhi
Industry
E-Commerce
What products or services does Modicare Limited offer?
Modicare Limited offers a wide range of products and services, including Nutraceuticals & Dietary Supplements, Protein Powder, Hand Sanitizers & Personal Hygiene, Bath Soaps, Child and Baby Care Products, Baby Care Products, Cosmetics, Hair & Beauty Products, Eye Cosmetic, Ayurvedic,Herbal Products & Medicine, Ayurvedic Tablets.
Modicare Limited
Explore comprehensive data for Modicare Limited, including financials, compliance details, shareholding patterns, and litigation history.
Who are the key members and board of directors at Modicare?
Executive Team (2)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Shikha Sharma  | Company Secretary | 02-Jul-2012 | Current |
| Samir Modi | Managing Director | 01-Feb-1992 | Current |
Board Members (4)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Jayati Modi | Whole-Time Director | 07-Aug-2023 | Current |
| Vedika Modi | Director | 21-Dec-2023 | Current |
| Anil Upreti | Director | 29-May-2018 | Current |
| Rajesh Nair | Director | 20-Dec-2013 | Current |
Financial Performance of Modicare.
Modicare Limited, for the financial year ended 2022, experienced Minor drop in revenue, with a 0.73% decrease. The company also saw a substantial fall in profitability, with a 49.54% decrease in profit. The company's net worth Soared by an impressive increase of 27.94%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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What is the Ownership and Shareholding Structure of Modicare?
In 2022, Modicare had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Premium Merchants LimitedRajesh Nair is a mutual person
Twenty Four Seven Retail Stores Private LimitedSamir Modi is a mutual person
Colorbar Cosmetics Private LimitedSamir Modi is a mutual person
Indofil Industries LimitedSamir Modi is a mutual person
Bb Twenty Three Global Private LimitedJayati Modi and Samir Modi are mutual person
- L Objet Modi Ventures Private Limited
Jayati Modi, Anil Upreti and 1 more are mutual person
Charges (Loans)
Open Charges
₹0
Satisfied Charges
₹16.74 Cr
Charges Breakdown by Lending Institutions
- Hongkong And Singapor Banking Corporation Ltd. : 12.00 Cr
- Hongkong And Sanghai Banking Corporation Ltd. : 3.50 Cr
- Hdfc Bank Limited : 1.24 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 May 2019 | Hdfc Bank Limited | ₹1.29 M | Satisfied |
| 19 Mar 2018 | Hdfc Bank Limited | ₹0.90 M | Satisfied |
| 30 Jan 2018 | Hdfc Bank Limited | ₹0.85 M | Satisfied |
| 30 Jan 2018 | Hdfc Bank Limited | ₹0.85 M | Satisfied |
| 28 Jun 2017 | Hdfc Bank Limited | ₹1.35 M | Satisfied |
How Many Employees Work at Modicare?
Modicare has a workforce of 244 employees as of Apr 01, 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 Modicare, 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 Modicare'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.
Latest Updates, News, and FAQs on Modicare
Recent activity within the organization
- Annual General Meeting
Modicare Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
- Balance Sheet
Modicare Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Delhi.
- Director Appointment
Vedika Modi was appointed as a Director was appointed as a Director on 21 Dec 2023 & has been associated with this company since 1 year 4 months .
- Director Appointment
Jayati Modi was appointed as a Whole-Time Director was appointed as a Whole-Time Director on 07 Aug 2023 & has been associated with this company since 1 year 8 months .
- Charges
A charge registered on 30 May 2019 via Charge ID 100268843 with Hdfc Bank Limited was fully satisfied on 13 Jun 2022.
- Charges
A charge registered on 19 Mar 2018 via Charge ID 100165976 with Hdfc Bank Limited was fully satisfied on 07 Mar 2022.
Recent News, Updates & Announcement
- Modicare Launched New Sci-Vedic Products Under 'Well' Portfolio.
Well Gluco Health supports healthy blood sugar levels, Well Vision Health supports eye function & normal healthy vision and Well Prostate Health supports normal prostate function & urinary flow. .
Frequently asked questions
What is the Incorporation or founding date of Modicare Limited?
Modicare Limited was incorporated on 12 Jul 1973.
What is authorized share capital and paid-up capital of Modicare Limited?
The authorized share capital of Modicare Limited is ₹ 24.00 Cr and paid-up capital is ₹ 4.88 Cr.
Who are the current board members & directors of Modicare Limited?
Currently 6 directors are associated with Modicare Limited.
- Jayati Modi
- Vedika Modi
- Shikha Sharma
- Anil Kumar Upreti
- Rajesh Nair
- Samir Modi
What is the registered address of Modicare Limited?
As per Ministry of Corporate Affairs (Mca), the registered address of Modicare Limited is 5 Community Centre New Friends Colony, India, New Delhi, 110025.
What is the corporate identification number (CIN) and company number of Modicare Limited?
The corporate identification number (CIN) of Modicare Limited is U72200DL1973PLC110617 and the company number is 110617 as per Ministry of Corporate Affairs (MCA).
What is the official website of Modicare Limited?
The Official website of Modicare Limited is https://www.modicare.com
What has been the recent revenue trend for Modicare Limited?
According to the financial reports for the fiscal year 2022, the revenue trend for Modicare Limited has fallen by -0.73%.
How many employees does Modicare Limited currently have?
As Per 2022 financial reports, 244 employees are currently employed by Modicare Limited.
What change has been observed in the net worth of Modicare Limited, and by what percentage?
The financial reports for the fiscal year 2022 indicates that The net worth of Modicare Limited has experienced an upsurge of 27.94%.
When was the last Balance Sheet of Modicare Limited filed with the ROC?
The most recent Balance Sheet for Modicare Limited was filed with the ROC on 31 Mar 2024.
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