Modicare Company | Modicare Owner | Modicare Profile & History

Important facts about Modicare Company ? Who is the owner of Modicare Company? Interested facts about Modicare Limited Company?

Modicare Company | Modicare Owner | Modicare Profile & History

In today’s article we are going to discuss about the leading direct selling MLM (Multi level marketing) company i.e., Modicare company. Modicare private limited company comes in top 10 direct selling MLM (multi-level marketing) companies list in India.

Today we will discuss about the Modicare company, Modicare company history, modicare company profile and about its owner. We will also discuss about the modicare schemes i.e., how you can earn from modicare company.

Table of Content

Then we will discuss about the modicare limited share price and modicare limited balance sheet. So, let’s begin guys and gather information about the modicare company.

Modicare Company

Modicare Company is a private limited company. Modicare company is an unlisted public company which is non-govt. company incorporated on 12 July, 1996. Modicare company is one of the leading brands of Modi Enterprises.

Modi Enterprises is an Indian business group which was founded in 1933 by Gujarmal Modi. Currently Lalit Modi serving as president and managing director in Modi Enterprises. Ego-Thai, Ego Italian, Modicare, Modi Healthcare, etc. are also some of the leading brands of Modi Enterprises.

Modicare private limited company is a leading direct selling MLM company. Modicare company was established in 1996 by Mr. Samir Modi, present managing director of modicare company. Modicare limited was the India’s first direct selling company and a major player of the MLM company.

Modicare limited was having 1 centre, 7 products and around 400 consultants in 1996. Presently Modicare limited has around 40 centres all over the India, almost 100 products and 1 Lakh consultants.

Now discussing about the facts and figures about the modicare company. Modicare company was incorporated on 1996 at Delhi. CIN (Corporate Identification Number) number of modicare company is U72200DL1973PLC110617.

Total authorised capital of Modicare company is around 24 crores rupees. Operating revenue of Modicare company for the financial year ending on march, 2020 was INR 500 crores.

According to the financial report of modicare company for the year ending on march, 2020, debt/equity ratio of modicare company is 0.59, return on equity is 55.80%, total assets increased by 64.76%, current liabilities increased by 50.05%. These were some facts and figures about the modicare company financial report.

Modicare Company History

Modicare was the India’s first product based direct selling MLM (Multi level marketing) company. Mr. Samir Modi is the modicare company owner. He founded Modicare company in 1996 at New Delhi. At that time, its total venture was only 7 products, one centre and around 400 consultants.

In the earlier time, modicare company faced number of problems and struggle a lot to grow with time. Earlier public was not aware about the direct selling MLM companies, that’s why companies like modicare were face high struggle where as they were not getting success which they must get. But from past 5 years, direct selling MLM companies are getting very popular in India.

Recently in 2020, due to pandemic many people lost their jobs and shifted to MLM companies and start earning from these companies. Year 2020 and 2021 was a boom period for the MLM companies in India. As a result, modicare company is now manufacturing around 100 products, having 40 centres all over the India and also having around 1 lakh consultants.

Modicare Company Profile

Modicare company is a leading MLM (Multi level marketing company) direct selling company in India. It is a brand of Modi Enterprises incorporated in 1973 at New Delhi. In 1996, modicare company was only manufacturing 7 products, and having only one centre and about 400 consultants.

But nowadays Modicare is a major player in the MLM industry and manufacturing around 100 products, having 40 centres all over the India. Modicare is having around 1 Lakh consultants currently.

 Modicare company has about 24 crores authorised share capital. With around 30.7626% paid-up capital which is total paid-up capital up to 7.38 crores and modicare private limited company’s operating revenues range is above 500 crores for the financial year 2019-2020. For the financial year ending march 2020 Modicare’s book net worth has increased by 126.26 %.

Modicare Company Owner

Modicare company is founded by Mr. Samir Modi in 1973 at New Delhi. He is the modicare company owner. Modicare is a direct selling company and a leading MLM company. Modicare is presently manufacturing around 100 products in the categories of Wellness product, healthcare products, food and beverages products, and home and personal care products, etc.

Mr. Samir Modi started modicare company as a branch of Modi Enterprises. Mr. Samir Modi is currently serving as Managing Director in Modicare company. Modicare is a private limited company which is unlisted public company and a non-government company. Now let’s discuss about Mr. Samir Modi.

Mr. Samir Modi is an Indian businessman, he was born on 15 December 1969. He is the younger son of Mr. K.K. Modi and Mrs. Bina Modi. Mr. Samir Modi is serving as executive director for Modi Enterprises currently. Modi Enterprises was found by Samir Modi’s grand father Mr. Gujarmal Modi in 1933. Mr. Samir Modi studied in All Boys Boarding School, The Doon School in Dehradun.

Additional Read : Modicare Limited 

From Hindu College, University of Delhi, Mr. Samir Modi completed his bachelor’s degree. He married to Shivani Modi and having 2 children. In 1996, he set the modicare private limited company. Mr. Samir Modi is the modicare company owner.

Modicare Schemes

Guys now moving further let's discuss about the modicare schemes. You can earn with Modicare schemes. Modicare has launched its new business plan which is named as modicare azadi business plan. Under this modicare schemes you can earn profit in 10 ways which are below listed. Let's have a look on them and study them one by one.

S.NO.

10 Ways of Income

1.

Savings on Consumptions

2.

Retail Profit

3.

Accumulative Performance Bonus

4.

Director Bonus Pool

5.

Team Builder Bonus Pool

6.

Atoot Bandhan Bonus Pool

7.

Leadership Productivity Bonus Pool

8.

Dream Vehicle Bonus Pool

9.

Dream Travel Bonus Pool

10.

Dream Home Bonus Pool

Guys, now let’s discuss these ways of earning from modicare azadi business plan. We will tell you in detail how you can earn through modicare schemes. So, let’s have a look on the following modicare schemes:

Saving on Consumption: When you become a modicare company consultant then you can earn by saving on your daily consumption. Modicare provide daily based products at 20% discount rate on the M.R.P. For example, if you purchase a product whose M.R.P is Rs. 100 then you will get that product in Rs. 80. In such a way you can earn on consumption.

Retail Profit: You can earn retail profit up to 20% with the help of modicare scheme. To earn retail profit, you just need to buy daily based product from the modicare company at 20% discount rate and then sell it at M.R.P price. As a result, you will get 20% retail profit on every product you sell to others.

Accumulative Performance Bonus: Accumulative performance bonus is another way of earning from modicare scheme. For every product you buy from the modicare company, you get PV points. In the end of each month your and your group’s PV point are added and on the basis of that your modicare accumulative performance bonus is calculated, which is distributed among you and your group according to PV points.

ATOOT BANDHAN BONUS (ABB) POOL 2%: Once you become a diamond crown director in the modicare company, you will start getting Atoot Bandhan bonus up to 2%. You will get this ABB commission every month once you become diamond crown director of modicare company. ABB commission is 6th major earning in the modicare schemes.

4% Director Bonus (DB) Pool: When you are able to make your team or group of people and reach to the director post you are eligible for the 4% director bonus. You will get this earning every month, whether you work for that month or not. You will get this 4% director bonus earning every month when you become director of modicare private limited company. This is another way of earning from modicare scheme.

Team Builder Bonus Pool (14%): All the director who are able to made their team up to the fixed target, they are eligible for the team builder bonus which is the another earning from the modicare scheme. From the modicare company’s profit, 14% is kept aside for the team builder bonus.

LEADERSHIP PRODUCTIVITY BONUS (LPB) POOL 15%: Once you are able to become leader after director, you start earning another major income from the modicare scheme. Modicare company set aside 15% leadership productivity bonus from its profit. Once you become leader you work for a month or not, but defiantly you will earn sitting at your home.

Dream Vehicle Bonus Pool 5%: Guys, everyone of us wants our favourite vehicle but due to low income from the regular job, we are not able to buy our dream vehicle in our whole life. But if you become an executive director in modicare company you will start earning dream vehicle bonus every month. Modicare makes your dream come true and help you to buy your favourite vehicle. It provides 1 lakh every month for 4-wheeler vehicle and 50,000 for 2-wheeler vehicle.

Dream Travel Bonus Pool: Modicare company provide you bonus for your dream travel. If you have a dream to travel some where in the world or somewhere in India then modicare will make your dream come true. You earn dream travel bonus when you become senior director. Modicare give you extra income for your dream travel bonus. Dream travel allow you to take a tour at your dream place whether it is out of India.

Dream Home Bonus Pool: Guys, every middle-class man always wants to make his own house in his whole life. But many of them are unable to make their own house with their regular salary from a normal job. But if you join modicare company and become senior executive director then you will get extra income under modicare scheme up to rupees 150000 every month.

Additional Read : Modicare Marketing Plan

These were the 10 modicare schemes through which you can earn income with modicare company. Now let’s move further and discuss about the Modicare limited company share price.

Modicare Limited Share Price

Modicare limited has about 24 crores authorised share capital. With around 30.7626% paid-up capital which is total paid-up capital up to 7.38 crores and modicare private limited company’s operating revenues range is above 500 crores for the financial year 2019-2020.

For the financial year ending march 2020 Modicare’s book net worth has increased by 126.26 %. Modicare is a leading brand of Modi enterprises. Modi enterprises is currently not listed on BSE. That’s why it’s currently share price is not available.

Modicare Limited Balance Sheet

According to the financial report of modicare company for the year ending on march, 2020, debt/equity ratio of modicare company is 0.59, return on equity is 55.80%, total assets increased by 64.76%, current liabilities increased by 50.05%. These were some facts and figures about the modicare company financial report.

Its total trade payable increased by 42.66% and trade receivable decreased by 28.64%. Its current ratio was 1.50 for the year ending on march, 2020. To understand modicare limited balance sheet easily we have given below a table through which you will get to know about the modicare limited balance sheet easily. Let’s have a look on the following balance sheet figure of modicare limited.

1.

Operating Revenue

Over INR 500 crores

2.

EBITDA

˄ 13.16%

3.

Net worth

˄ 126.26%

4.

Debt/Equity ratio

0.59

5.

Return on equity

55.80%

6.

Total Assets

˄ 64.76%

7.

Fixed Assets

˄ 55.24%

8.

Current Assets

˄ 70.06%

9.

Current Liabilities

˄ 50.05%

10.

Trade Receivable

˅ -28.64%

11.

Trade Payable

˄ 42.66%

12.

Current Ratio

1.50

 This was the balance sheet figures of the modicare limited for the year ending march, 2020. Also, the last AGM (Annual General Meeting) of modicare limited was held on 24 dec., 2020. Now let’s have a look on the modicare limited products.

Modicare limited product

Modicare limited was the India’s first product based direct selling company. Modicare has over 100 products categorised under skin care product, wellness product, health and nutrition products, personal care products, food and beverages, agricultural products, home care and cosmetic products and other products.

For you guys we have listed all the modicare products in the following table with their price according to the modicare private limited company’s official website. Let’s have a look on them.

S.NO.

Modicare Product’s Name

Net Quantity

M.R.P

(In rupees)

1.

MODICARE ENVIROGLOBE ROSE GOLD

1 piece

4500

2.

MODICARE ENVIROGLOBE SILVER

1 piece

4500

3.

MODICARE PREMIUM PROTECTION MASK

2 pieces

250

4.

WELL NONI

One pack including 60 tablets

585

5.

WELL BRAIN ACTIV

One pack

1199

6.

WELL BRAHMI

One pack

450

7.

WELL AMLA

One pack

220

8.

WELL TURMERIC

One pack including 60 tablets

1050

9.

WELL TULSI

One pack including 60 tablets

450

 10.

WELL ALOE VERA

One pack including 60 tablets

320

11.

WELL GILOY 60 N

One pack

230

12.

WELL CHYAWANPRASH

500 g

215

13.

WELL SPIRULINA

100 capsules

440

14.

WELL ALL PLANT PROTEIN POWDER

200 g

986

15.

WELL D TOX

One pack including 60 tablets

535

16.

WELL INTELLECTE

30 capsules

1080

17.

WELL GARLIC PEARLS

One pack including 100 N

375

18.

WELL SHILAJIT OJAS GOLD WITH KESAR & SAFED MUSLI

30 capsules

599

19.

WELL CARDIO ACTIV

60 tablets

521

20.

SOCH BADLO NEW

1 piece

699

21.

Envirochip FAMILY PACK NEW

4 pieces

2299

22.

FOTE RED OBSESSION - HYDRA NOURISH MASK

50 g

399

23.

FOTE RED OBSESSION - HYDRA NOURISH CREAM

50 g

399

24.

FRUIT OF THE EARTH BLOOMS OF EDEN HYDRATING MIST

100 ml

599

25.

FRUIT OF THE EARTH MOOR MUD MASK

100 g

500

26.

FRUIT OF THE EARTH CALMING WHITE HYDRATING MIST

100 ml

599

27.

FRUIT OF THE EARTH MOOR MUD FACIAL BAR

25 g × 4N

325

28.

SCHLOKA ANTI AGEING NIGHT CREAM WITH COLLAGEN AND VITAMIN E

50 ml

255

29.

GO GLOW 3 IN 1 CLEANSER, MAKEUP REMOVER & HYDRATOR

1 piece

799

30.

UCL GEL NAIL LACQUER

1 piece

155

31.

NAIL ENAMEL REMOVER

110 ml

198

32.

UC EXPERT FIRM & LIFT FOUNDATION

1 piece

1199

33.

SOFWASH LIME SOAP NEW

100 g

33

34.

ALL PURE 2 IN 1 HAND & BODY LOTION- MOISTURISER & SANITIZER

1 piece

199

35.

SOFWASH ANTI-BACTERIAL SOAP NEW

75 g

48

36.

ESSENSUAL POCKET PERFUME DUSKY DESIRE NEW

18 ml

80

37.

SOUL FLAVOURS KACHI GHANI COLD PRESSED MUSTARD OIL

5 litres

1010

38.

SOUL FLAVOURS ACTIVE RICE BRAN OIL

5 litres

999

39.

SOUL FLAVOURS COW GHEE

1 litre

670

40.

SOUL FLAVOURS PURE HONEY

500 g

330

41.

SOUL FLAVOURS PURE HONEY WITH TULSI

500 g

395

42.

SOUL POPS MASALA SODA CANDY

50N

50

43.

WASHMATE POPULAR DETERGENT POWDER

1 kg

157

44.

BEYOND BLUE

750 ml

162

45.

ONE DER DROP ADVANCED CONCENTRATED DISH WASHING LIQUID

500 ml

202

46.

MODICARE PREMIUM AGARBATTI CHAMPA

84 sticks

65

47.

ACTIVMAX

100 ml × 3N

546

48.

SOFWASH 3 IN 1

250 ml

162

Additional Read : Modicare Product List 2021

Guys there are almost 50 more products other than above listed. Above listed are some famous earning products of modicare private limited company.

Conclusion

Today in this article we have discuss about the India’s first product based MLM direct selling company i.e., Modicare company. We discussed about the modicare company history, its profile. We also discussed about the modicare schemes, that how you can earn from modicare company after joining it. We also tell you about modicare limited balance sheet and modicare limited products.

Hope that you have enjoyed today’s article and found it useful for you. If you find above given information about the modicare company useful and beneficial then share this article with your friends and family and help them to know about the modicare company, its profile, history and products.

 FAQ Related with Modicare Company

Q1. Who is the Modicare company Owner?

Modicare company is founded by Mr. Samir Modi in 1973 at New Delhi. He is the modicare company owner. Modicare is a direct selling company and a leading MLM company. Mr. Samir Modi started modicare company as a branch of Modi Enterprises. Mr. Samir Modi is currently serving as Managing Director in Modicare company.

Q2. What is the Modicare limited Share Price?

Modicare limited has about 24 crores authorised share capital. With around 30.7626% paid-up capital which is total paid-up capital up to 7.38 crores and modicare private limited company’s operating revenues range is above 500 crores for the financial year 2019-2020.

For the financial year ending march 2020 Modicare’s book net worth has increased by 126.26 %. Modicare is a leading brand of Modi enterprises. Modi enterprises is currently not listed on BSE. That’s why it’s currently share price is not available.

Q3. What is the Modicare Company History?

Modicare was the India’s first product based direct selling MLM (Multi-level marketing) company. Mr. Samir Modi is the modicare company owner. He founded Modicare company in 1996 at New Delhi. At that time, its total venture was only 7 products, one centre and around 400 consultants.

In the earlier time, modicare was facing high struggle whereas it was not getting success which it must get. But from past 5 years, direct selling MLM companies are getting very popular in India.

Recently in 2020, due to pandemic many people lost their jobs and shifted to MLM companies and start earning from these companies. Year 2020 and 2021 was a boom period for the MLM companies in India.

Q.4. Modicare Limited Balance Sheet for financial year ending on March 2020?

This is the balance sheet figures of the modicare limited for the year ending march, 2020. Also, the last AGM (Annual General Meeting) of modicare limited was held on 24 dec., 2020. Let’s have a look on the following balance sheet figure of modicare limited.

1.

Operating Revenue

Over INR 500 crores

2.

EBITDA

˄ 13.16%

3.

Net worth

˄ 126.26%

4.

Debt/Equity ratio

0.59

5.

Return on equity

55.80%

6.

Total Assets

˄ 64.76%

7.

Fixed Assets

˄ 55.24%

8.

Current Assets

˄ 70.06%

9.

Current Liabilities

˄ 50.05%

10.

Trade Receivable

˅ -28.64%

11.

Trade Payable

˄ 42.66%

12.

Current Ratio

1.50