MODI PAINT PRIVATE LIMITED
About
Modi Industries Limited (“MIL”) is a Public Limited Company which came into existence in the year 1932, having its registered office situated at P.O. Modi Nagar, Uttar Pradesh 201204. Under the stewardship of Rai Bahadur Seth Gujar Mal Modi initially a Sugar Mill (namely Modi Sugar Mills Limited) was put in Modinagar in the year 1933 and subsequently the name of Modi Sugar Mills was changed to Modi Industries Limited. Further, under his leadership various units were also established within the MIL namely Modi Torch and Lantern, Modi Soap, Modi Paint & Varnish, Modi Vanaspati, Modi Gas, Modi Arc Electrodes Unit, Modi Steel and Modi Distillery. Due to heavy losses the units, namely Modi Torch and Lantern, Modi Soap, Modi Paint & Varnish, Modi Vanaspati, Modi Gas have been closed permanently. In the year 2020, the Board of Directors has appointed Shri Umesh Kumar Modi as Chairman and Managing Director of the Company. Since the assumption of complete management of MIL by Shri Umesh Kumar Modi there has been improvement in the performance of the Company. The closed Modi Arc Electrode Co. has been restarted with substantial capital layout and expansion of the Distillery Unit is also in progress. The financial performance of the Company after taking over the complete management by Shri Umesh Kumar Modi is improving year by year.