Modern India Limited

MIL is into various business verticals inter alia Real Estate and Infrastructure Development, offering Business Centre facilities, Power Generation, Background Verification, Commodities Trading, International procurement solutions and services and Vocational Training amongst others. MIL has also entered into a Joint Development of about 25 Acre Land Area, at Boisar, Maharashtra, for affordable housing development, having built up area in excess of 10 Lac Sq. Ft; Another Vertical a subsidiary of the MIL, viz, Verifacts Services Private Limited a Bangalore head quartered Company having branches at Mumbai, Pune, Gurgoan, Kolkata, Chennai and Hyderabad. If offers background verification amongst other solutions to corporate and other entities, having marquee clientele including top notch software developers, IT companies, BPO Companies, Electronics giants and Embassies etc, and many others. For details view MIL is setting up a 5 MW Solar Power Project at Satara, Maharashtra, at a CAPEX OF Rs.340 million, involving latest technology and state of art paraphernalia. This project is expected to up and running by the end of Calendar Year 2014; MIL’s wholly owned subsidiary namely MODERN INTERNATIONAL ASIA LIMITED [MIAL], incorporated in HONG KONG, is engaged in the business of international trading in the form of sourcing commodities for and on behalf of various Industries outsourcing from overseas manufacturers, meeting quality, quantity and various other parameters from China and elsewhere. MIL has a unit named India Institute of Jewelery [IIJ], which recently tied up with the University of Mumbai's Garware Institute of Career education adn Development to offer vocational training in Lifestyle prodcuts, accessories and jewellery design course. For details view Shares of the company are listed on The Stock Exchange of Bombay since 1958 and present market capitalization is about Indian Rs.1.5billion.