MODIPON

Modipon Ltd, incorporated in 1965 and part of the Modi Group, a prominent Indian industrial house, was historically engaged in the manufacturing of nylon and polyester filament yarn within the chemical and textile fibers industries in India. Its manufacturing operations were permanently closed in May 2007. Since then, the company has shifted its focus from active manufacturing to managing residual assets, addressing legal and financial liabilities, and handling long-term closure and settlement processes. There is some conflict in sources regarding its current business, with some indicating involvement in real estate, while others emphasize its historical chemical and textile manufacturing activities and subsequent closure.