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Indian Institue of Jewellery Indian Institue of Jewellery

Modern India Enterprise

MIL was founded by a British gentleman 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 years Modern Mills Ltd. became one of the reputed business houses in the Indian Textile industry. With the mill workers strike in the 1990's MML went into a deep financial burden and had to shut down production facilities and went under the BIFR scheme. MML was later taken over by the Jatia family in the early 1990's. The Jatia family infused fresh capital into MML and restarted production with upgraded facilities. Although the new management strived hard to revive MML's past glory, the financial unviability of operating a composite textile mill in the heart of Mumbai with high labour, electricity, water costs and a heavier tax structure, MML was forced to close down its manufacturing unit in the year 2004. MML at the time of closing was one of the last textile mills still functioning in Mumbai.

After shutting down its manufacturing facility, MML changed its identity, renaming itself to "MODERN INDIA LTD" (MIL). With changes in the Government policy, MIL started to focus on other areas of business and today operates a real estate company which has developed MIL's land bank in Mahalaxmi, Mumbai and is looking at new development projects. At the same time MIL has also started a Technical Training Institute called the "Indian Institute of Jewellery" (IIJ), MIL is also a master distributor of GemVision Corporation, USA, having exclusive rights to distribute all GemVision products in India.

Modern India Property Developers Limited, a subsidiary Company of Modern India Limited is developing an Electronic Hardware, Software including IT & ITeS Special Economic Zone at Khopoli in land admeasuring 36.89 Acres, for which formal approval is received & notification application is filed with designated Development Commissioner. This SEZ would have state of art amenities and integrated development consisting of place of work, residence and leisure. This project is expected to be fully operational by March 2011.
 
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IIJ

 

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