Legacy
Our History
For over 90 years, Modern India
Limited has helped India grow
and prosper.
Modern India Limited was founded by a Britisher 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 the years Modern Mills Ltd. rose to one of the most reputed business houses in the Indian Textile industry. The Jatia family acquired the mills and over the period diversified into various verticals under the new name Modern India Limited.
Each new business in the fold remains driven by impressive values, a strong team and a core vision, escalating it quickly to the most successful within its vertical of industry.
Under the leadership of Mr. Vijay Kumar Jatia, CMD, Modern India Ltd, the company has become a well-entrenched name on the industrial horizon and growing from strength to strength.
1880
Mr. John Gordon, a European entrepreneur, purchased a parcel of land in what was then known as the Byculla region envisioning the establishment of a modern textile mill in India.
1882
Gordon Mills Limited officially began operations, marking the start of a pioneering industrial journey.
1891
The mill was renamed The Gordon Spinning & Manufacturing Co. Ltd., evolving into a fully integrated textile operation.
1933
Renamed as The Modern Mills Limited, incorporated under the Indian Companies Act of 1913 as a subsidiary of Mysore Spinning & Manufacturing Co. Ltd.
1957
Modern Mills Limited became an independent entity, no longer a subsidiary of Mysore Spinning & Manufacturing Co. Ltd.
1958
The company’s equity shares were listed on the Bombay Stock Exchange, and trading commenced, marking a major milestone in its corporate journey.
1963
Sundatta Foods and Fibres Limited became an official subsidiary of Modern Mills Limited.
1970
The textile industry entered a challenging period marked by escalating labour demands and a rapidly changing economic environment.
1979
Recognizing the need for renewed leadership and direction, the Jatia family was invited to take over operations and a controlling stake in the company.The Jatia family officially acquired controlling interest, and Shri M. P Jatia was appointed Chairman and Mr. B. L. Jatia was appointed Director ushering in a new era of growth and transformation.
1994
Mr. V. K. Jatia, known for his dynamic leadership and relentless commitment, joined the Board as Director and continues to serve with distinction.
2000
The company’s first major real estate venture, the iconic residential project Belvedere Court, was completed.
2002
It was a landmark year for the company as Mr. Vijay Kumar Jatia was elevated to Chairman and Managing Director, ushering in a new phase of leadership. During this period, the textile division ceased operations, and the company was renamed Modern India Limited, reflecting a bold shift toward diversification. This transformative year also marked the launch of the Indian Institute of Jewellery, establishing the company’s presence in the field of skill development and professional education.
2004
Modern International (Asia) Limited, Hong Kong, began commercial operations, marking a significant expansion of the company’s global footprint.
2011
Entered into MOU with K. Raheja Corp. Pvt. Ltd., for development of its properties.
2014
Modern India Limited acquired Verifacts Services Pvt. Ltd.
Verifacts, headquartered in Bengaluru, is a leading provider of HR consulting and background verification services.
2019
Modern International (Asia) Ltd., Hong Kong, established a wholly owned subsidiary, Modern International (Vietnam) Co. Ltd., to boost its supply chain capabilities.
2021
Modern India Limited voluntarily delisted from the Bombay Stock Exchange, effective June 14, 2021.
2023
Verifacts Solutions Pte Ltd., Singapore, was incorporated to serve the APAC market.
2024
Modern International (Asia) Ltd., Hong Kong, established a wholly owned subsidiary, Modern International (Vietnam) Co. Ltd., to boost its supply chain capabilities.
2025
M CAP Pte. Ltd., Singapore, wholly owned subsidiary, was incorporated, marking the commencement of its financial services activities.
Guang Zhou Modern Trading Company Ltd., China, was acquired by Modern International (Asia) Limited.
The company also marked the inception of Kyara, marking its entry into hospitality sector, extending its presence into new-age experiential living and modern hospitality.
