The real estate business of the Modis Navnirman Limited was originally carried on as a Limited Liability Partnership firm in the style of M/s. Modi's Navnirman LLP, pursuant to a LLP deed dated January 05, 2016. The Incorporation Certificate was received from the Registrar of Companies, Mumbai at Maharashtra on December 31, 2015. With an intention to expand the construction horizons, Company had acquired 100% stake in Shree Modi's Navnirman Private Limited. (SMNPL) & thereby making it a Wholly Owned Subsidiary Company. Modi's Navnirman LLP was converted into a Public Limited Company. Pursuant to such conversion, Company was incorporated as Modi's Navnirman Limited', a Public Limited Company and a fresh Certificate of Incorporation dated March 4, 2022 was issued by the Registrar of Companies, Mumbai at Maharashtra.
The Company is primarily engaged in the activities of Real Estate Development in Mumbai. The Company develops residential and commercial projects. It has a diversified portfolio of completed, ongoing and upcoming projects in mixed-use or single segment developments, which cover real estate market, like residential and residential cum-commercial.
The Company's customer-centric business model focuses on designing and developing products to address consumer needs across price points. It has capabilities to deliver a project from conceptualization to completion with fast turnaround time from acquisition to launch to completion, which focuses on de-risking and impr ...oving return on investment. It streamline our supply chain and construction processes with an aim to develop high quality products consistently and in a timely and cost efficient manner. It partner with top architects and design team which uses customer insights to conceptualize and design products that are best suited for the current location and target a variety of customer groups. Its construction management and procurement teams focus on realizing efficiencies in procurement, vendor selection and construction. The Company's in-house sales team is supported by a well skilled execution team which delivers precisely designed products and amenities to customers.
The Promoters of Company are Dineshkumar Modi , Rashmi Modi and Mahek Modi. The Group was founded by Promoter, Mr. Dineshkumar Modi in year 2009 which, so far constructed 7 residential and commercial projects namely Rashmi Tara, Rashmi Chaaya, Badshahs Residency, Rashmi Sadhna, Rashmi Sheela, Mrunali and Rashmi Kunj in the western suburbs of Mumbai specifically in and around the areas of Borivali, Kandivali, Malad and Goregaon. The Group has 5 projects, which are currently under construction. It presently compete for the sale of projects in Mumbai with various regional companies, including Nirman Group, Sanghi Builders and Developers, Brijwasi Buildcon, etc.
In 2017, the Company received Commencement Certificate and began construction for the project Rashmi Sadhna.
In 2018, it received Commencement Certificate and began construction for the project Rashmi Sheela.
In 2019, it received Completion Certificate for the projects Rashmi Sadhna and Rashmi Sheela respectively.
In 2021, it received Commencement Certificates for projects such as Rashmi Jewel, Rashmi Enclave & Rashmi Terrace through its wholly owned subsidiary, SMNPL.
In 2022, it received Commencement Certificate Project Rashmi Kavita through its wholly owned subsidiary, SMNPL.
The Company made an Initial Public Offer of 12,60,000 Fresh Issue of Equity Shares of face value of Rs 10 each by raising funds aggregating to Rs 23 Crore in June, 2022.
The Company was selected as the Developer of choice to redevelop the plot and premises of Societies (Dattani Apartment CHSL, OM Shraddha CHSL, Vadudeo Terrace CHSL, Sunder Sangam CHSL, Shree Siddhivinayak Towers CHSL ) on a land approximately a total of 16,603 sq.mts in areas of Borivali, Kandivali and Goregaon, Mumbai in FY 2024.
The Company completed building elevation of Rashmi Vasudeo CHSL project in FY 2025. It acquired redevelopment rights on two new societies Bijal CHSL and Blue Heaven CHSL on Link Road,(Rashmi Paradies) Malad (West).
FAQs on Modis Navnirman Ltd
1. Can I buy Modis Navnirman Ltd from PL Capital? ›
Yes, you can invest in Modis Navnirman Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Modis Navnirman Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Modis Navnirman Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Modis Navnirman Ltd pay dividends? ›
Modis Navnirman Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Modis Navnirman Ltd ? ›
As of
05-Feb-2026 , 14:06:57 the share price for Modis Navnirman Ltd. is ₹ 328 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Modis Navnirman Ltd ? ›
The 52-week high and low of Modis Navnirman Ltd share price is ₹ 287.2 - ₹ 409 as of
05-Feb-2026 , 14:06:57 .
