Modi's Navnirman Limited
MODIS.BO
Bombay Stock Exchange342.75
INR
+2.25
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Modi's Navnirman Limited
MODIS.BO
(Bombay Stock Exchange)
Recent
price
342.75
P/E
ratio
- -
div
yld
- -
ROIC.AI
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in mil. unless spec.- Similar Companies
- Business
- Modi's Navnirman Limited (MODIS.BO) operates as a real estate development company in India, focusing on the design, development, construction, and management of residential and commercial projects across various price points from affordable to super premium. The company offers a portfolio of completed projects including Badshah Residency, Rashmi Kunj, Mrunali, Rashmi Sadhna, Rashmi Sheela, Rashmi Chaya, Rashmi Tara, Rashmi Jewel, Rashmi Heights, Rashmi Terrace, Rashi Enclave, and Rashmi Kavita; ongoing projects such as Rashmi Celestia, Rashmi Square, Rashmi Residency, and Rashmi Signature; and upcoming developments like Rashmi Icon, with projects primarily located in Mumbai suburbs including Borivali, Kandivali, Malad, and Goregaon, spanning over 2.10 lakh square feet developed to date and upcoming capacity exceeding 900,000 square feet. It specializes in outright land developments, redevelopment projects, and landlord collaborations, emphasizing timely possession, quality construction, customer satisfaction, and innovation backed by over 25 years of group experience originating from the jewelry sector. Founded in 2010 by Dinesh C. Modi and headquartered in Mumbai, India, the company maintains a customer-centric model with streamlined supply chains, top architects, and a workforce of approximately 11 employees, targeting urban homebuyers and commercial tenants in the Mumbai metropolitan region. In recent developments, Modi's Navnirman completed the building elevation of Rashmi Vasudeo CHSL and acquired redevelopment rights for two new societies, Bijal CHSL and Blue Heaven CHSL (Rashmi Paradise) on Link Road in Malad West during FY2025. Earlier, it acquired five new redevelopment projects in suburban Mumbai with approximately 16,600 square meters of land and 231,000 square feet development potential in 2023, executed a development agreement with a society in Borivali West in February 2024, and raised INR 561.1 million through a preferential issue in January 2024. The company underwent significant structural changes in 2025, including a merger with its wholly-owned subsidiary Shree Modi's Navnirman Private Limited, migration from the BSE SME platform to the main boards of BSE and NSE, incorporation of a Section 8 non-profit subsidiary for social welfare initiatives, and appointments of additional non-executive independent directors Chintan Suresh Shah and Anil Suresh Kapasi. These moves support its expansion in construction services within the competitive real estate sector, competing with firms like Nila Spaces and Parsvnath Developers, while reporting revenue of INR 1.33 billion (TTM) and net profit growth to INR 12.25 crore for March 2025. Operations remain concentrated in India with no reported international presence or parent company affiliations.