Modern Insulator Limited Unlisted Shares Details:

About Modern Insulator Limited

Modern Insulators Limited is the leading porcelain insulator manufacturer in India. It is an arm of the Modern group of Industries and was set up in 1985 in collaboration with Siemens, Germany. Modern Insulators is also India’s largest manufacturer and exporter of porcelain insulators and is closely associated with National and Regional Utilities, Indian Railways, OEMs & EPC companies worldwide.

Modern is an ISO 9001 & ISO 14001 Certified Company and also India’s largest exporter of porcelain insulators with exports exceeding USD 15 million to more than 50 countries. Their plant has also undergone extensive modernization to ensure our products meet the safety and life cycle requirements of utilities, industries, and OEMs globally.

They were the first company to introduce porcelain Long rod insulators in India – a superior alternative to disc insulators with an unbeatable pollution performance. MIL also introduced an exclusive aluminous body for porcelain insulators- proven for its improved mechanical and electrical strength.

Modern Insulators’ manufacturing plant is situated in Abu Road, Rajasthan, and has a current installed capacity of 26,000 metric tonnes per annum and exports account to about 30% of its annual turnover. Modern has the most sophisticated manufacturing plant with machinery imported from Germany along with the required testing and inspection facilities and an in-house R&D setup recognized by the Government of India for the development of new products & process improvements.

Products of the Company:

1.     Hollow Insulators

2.     Solid-Core Insulators

3.     Long-Road Insulators

Industry Overview:

The power generation, transmission, and distribution sector is the key growth driver for the Insulators industry. The Government of India is putting emphasis on power sector reforms to overcome impediments; it will, however, take some time before on-ground demand improvement is visible. Over the past few years, demand in the domestic insulators market has been sluggish, primarily due to the poor or financial health of state utilities, which has impacted new projects and delay in the execution of on-going projects.

Promoters And Management:

(i)               Shri Sachin Ranka – Chairman & Managing Director.

(ii)             Shri Shreyans Ranka – Whole Time Director. Qualification: Bachelor in Industrial Engineering from University of Illinois at Urbana Champaign, USA & Masters in Management at Imperial Business School, London and have expertise in Finance and Corporate Management. He is 30 Year old.

(iii)           Shri D.B. Deshpande – Executive Director. Qualification: B.E Electricals and he looks after Electrical Engineering and Corporate Management. He is 68 Years old.

(iv)           Shri T.C. Chejara – Non-Executive Director

 Qualification: Chartered Accountant and he looks

after Finance and Accounts. He is 67 Years old.

Financials of Modern Insulator Limited

 Unlisted Shares:

(Fig. in Lakhs)