Rtn Vijay Kumar Jatia

Modern India Limited [MIL], (erstwhile Modern Mills Ltd.) was incorporated in the year 1933 under the management of the Sirur family. In the year 1979, the controlling interest was acquired by Jatia’s and since then it has been in their fold. Under the stewardship of Mr. Vijay Kumar Jatia, CMD, Modern India Ltd, the company has become a well-entrenched conglomerate growing from strength to strength. 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. 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, Hyderabad and Kochi. 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. MIL set up a 3 MW Solar Power Project at Satara, Maharashtra, at a CAPEX OF Rs.340 million, involving latest technology and state of art paraphernalia. 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 had a unit named India Institute of Jewelery [IIJ], engaged in vocational training in Jewelery design, manufacture and marketing. IIJ tied up with University of Mumbai [MU] for all its courses. Shares of the company are listed on The Stock Exchange of Bombay since 1958.