| Home >> Business Profiles >> Modern India Ltd |
| Industry |
Textiles & Leather |
| Business Summary |
Modern India Ltd was founded by a British gentleman by the name of Mr. Gordon and was called The Gordon Mills. Gordon Mills survived the severe hardships and heavy tax structure of the British Empire with the help of its dedicated owners, employees and shareholders. Gordon Mills was officially incorporated into the Indian Companies Act on 24th October 1933 as the Modern Mills Ltd.(MML) under ownership of the Sirur family. Over years Modern Mills Ltd. became one of the reputed business houses in the Indian Textile Industry. With the mill workers strike in the 1990s MML went into a deep financial burden and had to shut down production facilities and went under the BIFR scheme. MML was later taken over by the Jatia family in the early 1990s. The Jatia family infused fresh capital into MML and restarted production with upgraded facilities. Although the new management strived hard to revive MMLs past glory, the financial unviability of operating a composite textile mill in the heart of Mumbai with high labour, electricity, water costs and a heavier tax structure, MML was forced to close down its manufacturing unit in the year 2004. MML at the time of closing was one of the last textile mills still functioning in Mumbai. Modern India Property Developers Limited, a subsidiary Company of Modern India Limited is developing an Electronic Hardware, Software including IT & ITeS Special Economic Zone at Khopoli in land admeasuring 36.89 Acres, for which formal approval is received & notification application is filed with designated Development Commissioner. This SEZ would have state of art amenities and integrated development consisting of place of work, residence and leisure. This project is expected to be fully operational by March 2011. |
| Company Website | http://www.modernindia.co.in |
| Phone | +91-22-66624181 |
| Contact Address Details |
| Office Address |
Modern Center
Sane Guruji Marg,
Mumbai 400011
Phone: +91-22- 66624181
Fax : +91-22-23004230
Email: info@modernindia.co.in
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