Modis Navnirman Share Price

Modis Navnirman Limited was originally incorporated as a Limited Liability Partnership in the name and style of Modis Navnirman LLP on December 31,2015 and was subsequently converted from LLP to a Public Limited Company on March 04, 2022 to corporatise the groups activities in the real estate sector. The Company is engaged in the business of real estate development of residential and commercial projects in India. It is basically a real estate development company operating in Mumbai, focused on quality and affordable developments. It has a diversified portfolio of completed, ongoing and upcoming projects in mixeduse or single segment developments, which cover real estate market, like residential and residential cumcommercial.The Companys customercentric 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 derisking and improving 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 Companys inhouse 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 September 2020, Company had acquired 100% stake in Shree Modis Navnirman Private Limited. (SMNPL) thereby making it as Wholly Owned Subsidiary Company. 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.