Modis Navnirman Ltd. Company History and Annual Growth Details

The real estate business of the Company was originally carried on as a Limited Liability Partnership firm under the LLP Act, 2008 in the style of M/s. Modi’s Navnirman LLP (the “LLP”) pursuant to a LLP deed dated January 05, 2016, as amended and supplemented from time to time. Dineshkumar Modi and Mahek Modi were the appointed as Designated Partners of the LLP. The incorporation certificate was received from the Registrar of Companies, Mumbai at Maharashtra on December 31, 2015 having LLPIN AAF-4160. Vide subsequent LLP Deeds, while certain partners were introduced in order to raise capital or to obtain their industry expertise, some of them retired at will. The last LLP Deed dated March 31, 2021 as amended and supplemented from time to time, was made among Dineshkumar Modi, Mahek Modi, Rashmi Modi, Payal Sheth, Samir Sheth, Rinkle Doshi, and Urvish Doshi (the “Erstwhile Partners”). With an intention to expand the construction horizons, the Company had acquired 100.00 % stake in Shree Modi’s Navnirman Private  Limited. (“SMNPL”) & thereby making it the Wholly Owned Subsidiary Company. Pursuant to a unanimous resolution among the Partners dated January 18, 2022, Modi’s Navnirman LLP was converted into a public limited company under Chapter XXI of the Companies Act, 2013. Pursuant to such conversion, the Company was incorporated as ‘Modi’s Navnirman Limited’, a public limited company under the Companies Act, 2013 and Equity Shares were issued to the Partners in lieu of the capital in the Partnership. A certificate of incorporation dated March 04, 2022 was issued by the Registrar of Companies, Mumbai at Maharashtra. The CIN of the Company is U45203MH2022PLC377939.

MAJOR EVENTS IN THE HISTORY OF THE COMPANY :

2015

- Incorporation of the Company as Modi's Navnirman LLP

2017

- Received Commencement Certificate and Began construction for the project Rashmi Sadhna

2018

- Received Commencement Certificate and Began construction for the project Rashmi Sheela

2019

- Received Completion Certificate for the project Rashmi Sadhna

2020

- Received Completion Certificate for the project Rashmi Sheela

- Acquired 100% stake in Shree Modi’s Navnirman Pvt. Ltd. in September 2020 & thereby making it the subsidiary

2021

- Received Commencement Certificate for the project Rashmi Jewel through the wholly owned subsidiary SMNPL

- Received Commencement Certificate for the project Rashmi Enclave through the wholly owned subsidiary SMNPL

- Received Commencement Certificate for the project Rashmi Terrace through the wholly owned subsidiary SMNPL

2022

- Conversion from Limited Liability Partnership firm to Public Limited Company

- Received Commencement Certificate Project Rashmi Kavita through the wholly owned subsidiary SMNPL

2025

-The company has merger with subsidiary Shree Modis Navnirman Pvt Ltd.