Modern India

What Modern India does

Modern India Limited is a publicly listed, family-controlled Indian conglomerate headquartered at Nariman Point, Mumbai, founded in 1933 as Modern Mills Ltd. (originally The Gordon Mills under British colonial era ownership) and under Jatia family stewardship since 1979. The group operates five principal business divisions through wholly owned subsidiaries and branded verticals: Modern Estates (residential, commercial, hospitality, and retail real estate development, including the flagship 200,000 sq ft Modern Centre in Mumbai and projects such as Belvedere Court, Modern Vivarea, Modern Oasis, and Modern Galleria); MODERN GREENERGY (renewable energy, anchored by a 3 MW grid-connected solar power plant in Satara, Maharashtra, commissioned April 2015 under MERC's Open Access Policy); ModExim (international procurement and sourcing across textiles, footwear, machinery, and chemicals with physical presence in Hong Kong, China, Vietnam, Singapore, Philippines, and the Middle East); Verifacts (background verification services for B2B and B2C clients operating for over 15 years with six technology centers of excellence); and Kyara Hospitality (a hospitality venture focused on premium guest experiences and culinary offerings).

The company serves multinational corporations, domestic enterprises, high-net-worth individuals, and procurement clients across multiple verticals, with GTM motions spanning enterprise field sales (commercial real estate, BGV, ModExim procurement) and direct-to-consumer channels (residential real estate). Revenue mechanics are mixed: one-time license/asset-sale revenue from real estate development, transaction fees from ModExim procurement and grid-supplied solar power, professional services fees from Verifacts BGV, and emerging recurring revenue from Kyara Hospitality. The company is publicly listed, holds annual general meetings (91st AGM held September 2025), maintains an investor relations function, and is certified to ISO 9001:2015 and Great Place to Work (through 2027). No pricing transparency exists across any vertical; real estate, BGV, energy, and hospitality pricing is quote-based.

Corporate governance is concentrated under Chairman and Managing Director Vijay Kumar Jatia, with second-generation Executive Directors Sidhant Jatia and Mudit Jatia overseeing renewables/international trading and real estate/BGV respectively. The board comprises additional independent directors with backgrounds in industry, law, and finance, including representation from The Indian Hume Pipe Co. Ltd., Maneksha & Sethna, and S. D. Israni Law Chambers. The group maintains active CSR programs including support for PM SHRI Seth Durga Dutt Jatia Government Higher Secondary School in Bissau, Jhunjhunu, benefiting approximately 800 students annually.

Name

Modern India

Legal name

Modern India Limited

Website

https://modernindia.co.in

Company type

Public

Founded year

1933

Operating status

Operating

Headcount range

11–50 employees

Short description

Modern India Limited is a publicly listed, Mumbai-headquartered Indian conglomerate operating five business divisions: real estate development (Modern Estates), renewable energy (MODERN GREENERGY), international procurement (ModExim), background verification (Verifacts), and hospitality (Kyara). It serves multinational corporations, domestic enterprises, and high-net-worth individuals across India and select international markets.

Ownership category

akta.pro rank

Product category

Diversified Business Conglomerate

SIC

Real Estate (6500), Cogeneration Services & Small Power Producers (4991)

akta.pro primary industry

Renewable Distributed Generation (Rooftop/Onsite Solar, Small Wind, Small Hydro) (EUACALAJ)

akta.pro secondary industry

Renewable Energy Asset Management (Solar/Wind/Hydro/Geothermal) (EUAEAMAB)

Keywords

• Diversified business conglomerate
• Real estate development
• Background verification services
• International procurement solutions
• Renewable energy solutions

Headquarters

HQ city

Mumbai

HQ country

India

HQ region

Asia

Offices3 records

Markets served

GTM type

B2B and B2C

Offering type

Services

Cost components

Personnel, Infrastructure, Operations, Technology or R&D, Marketing or Sales, Supply Chain

Revenue model

1. Real Estate Development: Revenue generated from development and sale of residential, commercial, hospitality, and retail real estate projects including Belvedere Court, Modern Centre (200,000 sq ft commercial), Modern Vivarea, Modern Suites, Modern Oasis, and Modern Galleria.
2. Power Generation (Renewable Energy): 3 MW Grid Connected Solar Power Plant in Satara, Maharashtra supplies clean renewable power to the grid under Open Access Policy of Maharashtra Electricity Regulatory Commission.
3. International Procurement Services: ModExim division provides global sourcing and procurement solutions across textiles, travel accessories, footwear, machinery, chemicals, furniture, and building materials. Serves both internal requirements and external customers.
4. Background Verification (BGV) Services: Verifacts provides employee screening, customer verification, and corporate screening services for over 15 years, serving B2B and B2C clients with comprehensive background checks.
5. Hospitality Services: Kyara Hospitality venture focuses on redefining guest experiences through thoughtfully designed spaces, unforgettable stays, and culinary experiences.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels4 records

Core offering

Modern India Limited is a diversified conglomerate that develops residential, commercial, hospitality, and retail real estate projects (through Modern Estates), generates renewable solar power (through MODERN GREENERGY), provides international procurement and sourcing solutions across textiles, footwear, machinery, and consumer goods (through ModExim), delivers employee, customer, and corporate background verification services (through Verifacts), and operates hospitality ventures focused on thoughtfully designed guest experiences (through Kyara).

Product overview

Modern India Limited operates as a diversified business conglomerate with five distinct product divisions. The portfolio includes Modern Estates (real estate development across residential, commercial, hospitality, and retail), MODERN GREENERGY (renewable energy solutions including solar power), ModExim (international procurement and sourcing services), Verifacts (background verification and screening services), and Kyara (hospitality services). The company also maintains international trading operations through subsidiaries like Modern International Asia Limited (Hong Kong) and various entity-level subsidiaries including MIVL, VSPL, and Verifacts Inc.

Differentiator

Problem solved

Functional benefit

Brands

• Modern Estates: Real estate development vertical handling residential, commercial, hospitality, and retail projects including Belvedere Court, Modern Centre, Modern Vivarea, Modern Suites, Modern Oasis, and Modern Galleria.
• MODERN GREENERGY
• ModExim
• VERIFACTS
• Kyara Hospitality

Products and services

• Modern Estates Real estate development division of Modern India Limited, engaged in residential, commercial, hospitality, and retail projects including flagship Modern Centre (200,000 sq ft commercial venture) and developments like Belvedere Court, Modern Vivarea, Modern Suites, Modern Oasis, and Modern Galleria across Mumbai and Alibaug. It serves multinational corporations seeking premium commercial office space and high-net-worth individuals and families seeking luxury residential properties.
• MODERN GREENERGY Next-generation renewable energy solutions division providing solar power generation. Flagship project is a 3 MW Grid Connected Solar Power Plant in Satara, Maharashtra supplying clean renewable power to the grid under MERC Open Access Policy. Contributes to India's National Solar Power Mission and carbon neutrality initiatives.
• ModExim International procurement solutions division facilitating export and import of products globally, serving industry verticals including textiles, travel accessories, footwear, machinery, chemicals, furniture, and building materials. Operates with physical presence in 4 countries (India, Middle East/Dubai, Hong Kong, China) and works with associates across the globe including Vietnam, Singapore, and Philippines.
• Verifacts Background Verification (BGV) services division offering employee screening, customer verification, corporate screening, and PAN card verification solutions. Provides customized consent-based verification services for B2B and B2C clients operating for over 15 years, powered by a state-of-the-art core technology platform with six technology centers of excellence.
• Kyara Hospitality Hospitality venture backed by Modern India Limited's 90+ year legacy and expertise, focused on redefining guest experiences through thoughtfully designed spaces, unforgettable stays, and culinary experiences for travelers and guests seeking contemporary hospitality.

Named customers2 records

Segments5 records

Ideal customer profiles6 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

One partnership is on record.

• Singapore TechnologiescoreStrategic or Co-development Partner · 1 January 1992Historic collaboration with Singapore Technologies for the development of Belvedere Court at Mahalaxmi Race Course, Modern India's inaugural residential real estate endeavor launched in 1992. This partnership marked the company's entry into the real estate sector and established early international collaboration standards.

Scale indicators7 records

Recent moves10 records

Expansion highlights6 records

Broad incumbents

• First Advantage: Global background screening and verification provider operating in India through acquired entities. Comparable to Verifacts in BGV services but at significantly larger scale across multiple geographies.
• Tata Power Solar Systems: Subsidiary of Tata Power focused on solar EPC and rooftop solutions in India. Comparable to MODERN GREENERGY's solar power operations though with stronger execution track record and brand backing.
• Adani Green Energy: India's largest renewable energy IPP with multi-GW operating capacity. Comparable to MODERN GREENERGY's solar generation business, though at vastly larger scale across solar, wind, and hybrid projects.
• HireRight: Global background screening provider serving enterprise clients across multiple geographies. Comparable to Verifacts' BGV service portfolio with broader geographic coverage and enterprise customer base.
• Welspun Enterprises: Diversified Indian conglomerate with interests across infrastructure, oil & gas, and real estate. Comparable to Modern India's diversified multi-vertical structure with a similar Mumbai-listed profile and family-promoter ownership.

Direct peers

• AuthBridge: India-focused background verification and employee screening provider. Directly comparable to Verifacts' BGV services for Indian enterprise and B2B clients with overlapping employee verification offerings.
• Macrotech Developers (Lodha): Largest Mumbai-based residential real estate developer (Lodha Palava, World Towers, Lodha Bellezza). Comparable for scale and geography of premium residential development, with significantly larger project pipeline.
• Oberoi Realty: Mumbai-focused premium residential and commercial developer (Oberoi Mall, Three Sixty West, Eternia, Commerz). Most directly comparable to Modern Estates' Mumbai luxury residential pipeline and Modern Centre commercial asset class.
• Godrej Properties: Major Indian residential and commercial developer with national presence. Comparable to Modern Estates' residential development model with stronger brand recognition and project pipeline breadth.
• Lemon Tree Hotels: Largest Indian-owned hotel chain across mid-scale and upscale segments. Comparable to Kyara Hospitality's entry into Indian hospitality with a domestic-focused brand and operator-led model.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/modern-india-enterprise

Compliance2 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles14 records

Subsidiaries10 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments1 record

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Modern India