What is Modi Industries Limited?

Modi Industries Limited is a diversified manufacturing company based in Modinagar, Uttar Pradesh. It is part of the Modi Group, founded by Rai Bahadur Gujarmal Modi, and has interests in food products and industrial manufacturing.

Who are the promoters of Modi Industries Limited?

The company is promoted by the Modi family, descendants of Rai Bahadur Gujarmal Modi who founded the Modi Group in 1933. Current directors include Shobhit Modi.

When was Modi Industries Limited incorporated?

The Modi Group's industrial operations in Modinagar date to 1933 when Rai Bahadur Gujarmal Modi established the town and began its first manufacturing units.

Is Modi Industries Limited listed on any stock exchange?

Modi Industries Limited is currently an unlisted company registered at ROC Kanpur. Its shares are not actively traded on BSE or NSE.

What sectors does Modi Industries operate in?

The company is involved in food products manufacturing and diversified industrial manufacturing from its base in Modinagar, Uttar Pradesh.

How do I buy Modi Industries unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for Modi Industries?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell Modi Industries shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

Modi Industries Unlisted Share Price | Buy Modi Industries Pre-IPO Shares — wisefolio

Investment Thesis

Modi Industries Limited is part of one of India's oldest and most historically significant industrial groups, founded by Rai Bahadur Gujarmal Modi in 1933. While the Modi Group's legacy and Modinagar township infrastructure provide a strong foundation, the company operates in competitive manufacturing segments with limited public financial transparency. The ₹10 share price and unlisted status restrict investor participation.

Pros

Part of the storied Modi Group founded by Rai Bahadur Gujarmal Modi in 1933 — one of India's oldest and most prominent industrial families
Modinagar, UP was purpose-built as an industrial township, offering strong infrastructure and integrated supply chains
Diversified industrial operations reduce dependence on any single product or market cycle
Long track record spanning over 90 years with established brand equity in domestic markets
Modi family's extensive business network and relationship capital in government and industry

Cons

The Modi Group has undergone significant restructuring over decades; some entities have faced financial difficulties
Unlisted status limits transparency and investor liquidity
Diversified conglomerates often suffer from capital misallocation and management bandwidth constraints
Modinagar industrial township has seen some decline relative to modern industrial parks
Limited publicly available financial data makes independent valuation difficult

Business Segments

Food Products Manufacturing

Manufacturing of food and consumer products from the Modinagar industrial complex, historically including vanaspati, edible oils, and processed food items.

Diversified Industrial Manufacturing

Manufacturing of industrial goods including sugar, textiles, chemicals, and other products from the integrated Modinagar industrial township.

Revenue Model

Modi Industries generates revenue through its diversified manufacturing operations including food products and industrial goods. The company operates from the Modinagar industrial township in Uttar Pradesh, which was purpose-built with integrated utilities and supply chains. Revenue is derived from B2B sales to distributors and institutional buyers across India.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds9

Growth Plans

India's rising domestic consumption driving demand for food and industrial products

Potential value unlocking through restructuring or listing of group entities

UP government's industrial promotion policies benefiting Modinagar-based manufacturers

Industry Tailwinds

India's rising domestic consumption driving demand for food and industrial products

Recent Developments

Continued family-led operations

Modi Industries Limited continues to operate under Modi family management from Modinagar, UP, with directors including Shobhit Modi. No major public announcements have been made recently.

Comparable Companies

CompanyTypeTickerMkt Cap

Triveni Engineering & IndustriesListedTRIVENI~₹7,000 Cr (listed)

Balrampur Chini MillsListedBALPHARAMPUR~₹5,500 Cr (listed)

ITC LimitedListedITC~₹5,00,000 Cr (listed)

Triveni Engineering & IndustriesListed

TRIVENI · ~₹7,000 Cr (listed)

Frequently Asked Questions

About Modi Industries

Modi Industries Limited is a diversified industrial manufacturing company associated with the historical Modi Group — one of India's prominent pre-liberalisation industrial conglomerates. The Modi Group, founded by Rai Bahadur Gujarmal Modi, established Modinagar in Uttar Pradesh as an integrated industrial township in the mid-20th century. The Modi Group built a diversified empire spanning industries including sugar, textiles, electronics, chemicals, food processing, and real estate. Modi Industries Limited serves as one of the industrial entities within this group's portfolio. The company may be engaged in manufacturing operations including sugar processing, textile production, or chemical manufacturing given the group's historical diversification. Modinagar (Modi Nagar) in Ghaziabad district of UP was literally named after the Modi family — reflecting the depth of their industrial presence in the region. The township included factories, housing, schools, and civic infrastructure built to support the industrial workforce. Post-liberalisation, the Modi Group faced competitive challenges from MNCs and more efficient domestic players. Several Modi Group entities underwent restructuring. Specific financial details for Modi Industries Limited are not confirmed from current public databases, and the company's current operational scale may differ significantly from its historical peak.

Key Milestones

1933 — Rai Bahadur Gujarmal Modi founds the Modi Group and establishes Modinagar as an industrial township in Uttar Pradesh

Common questions about unlisted shares

How do I buy Modi Industries unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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