What we do Modis Navnirman Limited develops residential and commercial real estate projects primarily in Mumbai, focusing on fast, high-quality construction and redevelopment partnerships. |
Founded in 2,016 |
Market share Emerging premium real estate developer with a strong presence in Mumbai's western suburbs and a growing project portfolio. |
Problem solved Addresses urban housing demand through redevelopment of aging societies and delivery of timely, quality residential and commercial spaces. |
Top clients or who we serve Targets end consumers and society redevelopment clients in Mumbai's residential and mixed-use real estate market (B2C and B2B). |
Key management Dinesh Modi (Chairman & Managing Director), Mahek Modi (Whole-time Director & CFO), Rashmi Modi (Whole-time Director). |
Our journey and innovations Started as LLP in 2016, converted to Public Ltd in 2022; completed multiple residential projects and expanded via strategic acquisitions in Mumbai. |
Where we operate Mumbai metropolitan area, especially Borivali, Kandivali, Malad, Goregaon, and Dahisar western suburbs. |
Top products or what we offer Residential and commercial redevelopment projects under brands like Rashmi Square, Rashmi Signature, Rashmi Vasudeo, Rashmi Icon, and others. |
Top brands Rashmi Square, Rashmi Signature, Rashmi Icon, Rashmi Delight, Rashmi Celestia, Rashmi Vasudeo, and Rashmi Manorath; known for timely delivery and quality. |
Raw materials needed Construction materials including cement, steel, bricks, and finishing materials. |
Raw materials supplier Procures from multiple vendors through strategic procurement to optimize costs and timelines. |
Recurring vs cyclical contribution Revenue mainly cyclical tied to project lifecycle with steady income from redevelopment mandates. |
Our industry position Positioned as a notable developer in Mumbai's suburban real estate with asset-light, capital-efficient redevelopment model. |
Financial highlights For FY2025, consolidated revenue was Rs. 137.82 Cr with PAT Rs. 24.77 Cr, showing over 100% YoY growth. |
Geographical revenue split Primarily Mumbai region; no significant international revenue. |
Order book Robust project pipeline including redevelopment mandates and mixed-use projects totaling over 8.65 lakh sq.ft upcoming. |
Whats driving growth Redevelopment demand in Mumbai, strategic location focus, strong sales momentum, and capital-efficient growth strategy. |
Our future plans Expand redevelopment projects in Mumbai, complete ongoing projects, and acquire new society redevelopment rights. |
Our green promise Committed to sustainable development and social initiatives through Modis Navnirman Foundation. |
Our people and values Employee-centric with focus on skill development, ethics, customer satisfaction, and diversity inclusion. |
Key challenges ahead Regulatory approvals, construction delays, and market competition especially in Mumbai's competitive real estate. |
Interesting facts Converted from LLP to Public Ltd in 2022; raised Rs. 23 Cr via IPO; executed 7+ projects over a decade; maintains debt-free status. |
Risks and strategy Risks include real estate market fluctuations and regulatory issues; mitigated by selective project acquisition, cost discipline, and cash-flow focus. |
