Modis Navnirman Ltd. – Company Report
1. Company Overview
Modis Navnirman Ltd., founded in 2010 by Mr. Dinesh C. Modi, is a real estate development company headquartered in Mumbai, Maharashtra. Originally established as a Limited Liability Partnership (LLP), the company transitioned into a public limited company in March 2022. With a legacy rooted in the jewellery business, the Modi family brings over four decades of entrepreneurial experience to real estate development. The company is known for timely delivery, architectural innovation, and a customer-centric approach, focusing on residential and commercial projects in Mumbai’s western suburbs—Borivali, Kandivali, Malad, and Goregaon.
- Incorporated: 2010 (became public in 2022)
- Headquarters: Mumbai, Maharashtra
- Market Cap (July 2025): ~₹548 crore
- Listing: Main Board, NSE/BSE (migrated in July 2025)
- Promoter Group: Dineshkumar C. Modi, Rashmi Modi, Mahek Modi
- Financial Status: Almost debt-free
- Reputation: High promoter expertise and transparent governance
2. Products and Services
Modis Navnirman focuses on comprehensive real estate solutions, offering:
Residential Projects: Premium and affordable apartment complexes with focus on design, amenities, and sustainability
Commercial Developments: Office and retail projects tailored for urban business requirements
Mixed-Use Developments: Integrated living and commercial spaces
Redevelopment Projects:
- Key strength area with rights secured for redevelopment across 16,603 sq.m. in Borivali, Kandivali, and Goregaon
Turnkey Project Management: From land acquisition to sales and possession
End-to-End Services: Covering architectural design, compliance, construction, delivery, and post-sales support
Notable completed projects:
- Rashmi Tara
- Rashmi Chaaya
- Badshahs Residency
- Rashmi Sadhna
- Rashmi Sheela
- Mrunali
- Rashmi Kunj
Current focus: Affordable and luxury housing, with collaborations with top-tier architects and construction partners.
3. Recent News and Financial Performance
Business Developments (FY2025)
- Secured multiple society redevelopment projects in western suburbs of Mumbai
- Migrated to the Main Board of NSE/BSE in July 2025 for broader market access and enhanced credibility
- Strengthened operational efficiency through supply chain optimization and improved project execution
- Continued investment in customer satisfaction, organizational transparency, and delivery timelines
- Modi's Navnirman, a prominent player in Mumbai's redevelopment real estate sector, has completed a fast-track merger with its wholly-owned subsidiary, Shree Modis Navnirman Private Limited.
4. Financial Performance
| Metric | FY2025 Value |
|---|---|
| Total Revenue | ₹89 crore |
| Net Profit | ₹12.25 crore |
| Operating Profit Margin | 17% |
| EPS | ₹6.25 |
| Debt | Virtually debt-free |
| Dividend | No dividend declared |