Company type | Private |
---|---|
Industry | Conglomerate |
Founded | 1932Delhi, India | in
Founder | Gujarmal Modi |
Key people |
|
Products | Consumer products, multi-level marketing, cigarettes, food and beverages, fashion |
Brands | List
|
Number of employees | 28,000 approximately |
Website | www |
Modi Enterprises is an Indian business conglomerate based in New Delhi, India. [2] The US $2.8 billion group, consisting of Godfrey Phillips India, Indofil Industries Ltd., Modicare Limited, has a diversified business portfolio including cigarettes manufacturing, education, agricultural chemicals, personal care, [3] tea and beverages, entertainment, consumer products, multi-level marketing, and gourmet restaurants. [4]
Gujarmal Modi (1902–1976), founded the Modi Group, beginning with a small, family-run business, [5] then expanding from 1933 onwards with companies such as Modi Sugar, [6] Modi Vanaspati Mfr Co., Modi Industries Ltd, ModiLuft and Modi Rubber, [5] Modi Paints, Modi Oils, Modi Electrodes, Modi Lanterns and Torch works, Tube wells/drilling, Modi Distillery, Modi Steels, Industrial Gases, Modi Spinning and Wvg. Mills Co. Ltd., Modi Yarn Mills, Modi Threads, Modi Soap, and Modi Carpets etc. [7] [4]
By the time Modi's brother Kedar Nath Modi joined the company, the Modi Group was India's seventh largest conglomerate. [8] The company had become the center of the eponymously renamed city of Modinagar. Modi died in 1976, and KN Modi succeeded him with the help of Modi's five sons and his own three sons who later joined the family business. The founder of the company did not leave a will and, although the family remained united under KN Modi's leadership, this oversight would later cause a rift that threatened to destroy the company. [5]
In April 2010, Krishan Kumar Modi, former chairman of Modi Group, announced that his eldest son Lalit Modi will succeed him as the head of Modi Group's flagship business Godfrey Phillips India (GPI). [9] KK Modi is the father of Lalit Modi, the founder of the Indian Premier League (IPL). [10] [11] According to Modi, his children (Lalit Modi, Samir Modi and Charu Bhartia Modi) will have the obligation to appoint his successor, and only by a unanimous vote. Otherwise, the group will be sold off with the profits from the sale shared equally among them. [12]
In June 2011, The Modi Group announced that it was planning to acquire majority control in Godfrey Phillips India from American tobacco company Philip Morris. Both groups had a 36% share in the company until in 2009, Modi Group acquired an additional 11% stake in GPI from Philip Morris, taking its share to 47%. As per the Joint Venture agreement, Modi Group has the right to take its holdings up to 51% by buying further into Philip Morris' holdings to gain majority control of the company. The deal brought Philip Morris' stake down to 21%. [13]
Krishan Kumar Modi, former chairman of Modi Group died at the age of 79 on 2 November 2019. [14]
The company's brands include Beacon Travels, Ego-Thai, Ego Italian, Godfrey Phillips, Indofil, Modicare, Colorbar, Modi Healthcare, Pan Vilas, Coearth and 24 Seven. [1]
Modi is a surname in India, most commonly found among people from states of Rajasthan, Gujarat, Bihar, Chhattisgarh, Haryana, Madhya Pradesh, Jharkhand, and Uttar Pradesh. The surname Modi doesn't belong to any particular community. It is distributed among various religions as well. It is used in Hindu, Muslim and even Parsi community.
New Delhi Television Ltd is an Indian news media company focusing on broadcast and digital news publication. The company is considered to be a legacy brand that pioneered independent news broadcasting in India, and is credited for launching the first 24x7 news channel and the first lifestyle channel in the country. It owns and operates the broadcast news channels of NDTV India and NDTV 24x7. The two channels of the company have received 32 Ramnath Goenka Excellence in Journalism Awards.
Modinagar is a town and a municipal board in Ghaziabad district in the Indian state of Uttar Pradesh. It's just 24 km from Ghaziabad city, 48 km from New Delhi. It is a part of National Capital Region.
Sarthak Behuria is an Indian businessman, predominantly active in the petroleum industry. Currently he is the Group President at Modi Enterprises, primarily entrusted with the task of expanding the Group’s operations internationally. Behuria previously held leadership positions at Bharat Petroleum Corporation and the Indian Oil Corporation Limited.
Gujarmal Modi was an Indian industrialist and philanthropist, who co-established the Modi Group of companies and the industrial city of Modinagar in 1933, along with his brother Kedar Nath Modi. A sugar mill in Modinagar marked the beginning of the Modi Group conglomerate, which later diversified into varied fields.
Godfrey Phillips India Ltd. (GPI) is a tobacco manufacturer headquartered in India. It is now a part of Modi Enterprises. The company is a major player in the domestic cigarette industry. In 2013-2014 it reported an annual turnover of Rs 4,220 crores. It has expanded from tobacco to include tea, pan masala, and confectioner. Its operations are primarily located in the northern and western parts of India, but it has recently expanded into West Bengal and the southern part of the country. It sells some of the most popular cigarette brands, such as Four Square, Red and White, Cavanders, Tipper, and North Pole.
Lalit Modi is an Indian businessman and former cricket administrator and a financial fraud fugitive. He was the founder, first chairman and League Commissioner of the Indian Premier League (IPL), and ran the tournament for three years until 2010. He also served as the Chairman of the Champions League from 2008 till 2010 and was Vice President of the BCCI from 2005 till 2010. He has also served as the President of the Rajasthan Cricket Association from 2005 till 2009 and then again from 2014 till 2015, and as the vice president of the Punjab Cricket Association from 2004 till 2012.
Krishan Kumar Modi, also known as K. K. Modi, was an Indian businessman and the President of Modi Enterprises. Among his three children is Lalit Modi.
Samir Modi is an Indian businessman, and the younger son of K.K. Modi and Bina Modi. He is an executive director at Modi Enterprises, which was founded by his grandfather, Gujarmal Modi, in 1933. He is also an executive director of Godfrey Phillips India and a director of Indofil Industries Ltd. He participated in launching various initiatives for the Modi Group, including Modicare, Colorbar Cosmetics and Twenty Four Seven convenience stores.
Hemant Batra is an Indian business, public policy, corporate and commercial senior practicing lawyer, newspaper – columnist writer author, TV anchor/Host, public speaker, commentator, mentor, and legal counsel. He was the co-founder and counsel at Kaden Boriss Global, an alliance and forum of independent and autonomous law firms and legal enterprises. Hemant holds a position as the Secretary General of SAARCLAW. SAARCLAW is a regional Apex body of SAARC. He has also authored several books on law and policy. He was engaged by the Lok Sabha as a Guest Anchor and Guide for a fresh series of Sansad TV called `75 Years: Laws That Shaped India' The other Guest Anchors engaged by the Parliament for Sansad TV being Bibek Debroy, Dr Karan Singh, Amitabh Kant, Shashi Tharoor, Maroof Raza and Sanjeev Sanyal. The global TV channel Sansad TV was launched by the Prime Minister of India Narendra Modi, Vice President of India Venkaiah Naidu and Speaker of Lok Sabha Om Birla on 15 September 2021.
Krishan Kant Paul is a former Indian Police Service officer, who served as the Commissioner of Police, Delhi from February 2004 to July 2007. Following his retirement from the IPS, he served as the governor of several states—Meghalaya (2013–15), Manipur (2014-15) and Uttarakhand (2015–18). He had also held the governorships of Mizoram and Nagaland briefly, as additional charges.
Charu Modi is an Indian entrepreneur and the promoter and shareholder of the K.K. Modi group. She is the granddaughter of the late Rai Bahadur Gujarmal Modi and the daughter of Krishan Kumar Modi and Bina Modi. Modi is the co-founder and chancellor of KK Modi University (KKMU), an educational institute offering internationally accredited courses on Indian campuses. Modi is also the elder sister of Lalit Modi, the former Indian cricket administrator and the founder of the Indian Premier League (IPL) and Samir Modi, who manages the Modi Group's retail, network marketing and cosmetics ventures.
Dayawati Modi (1915–1994) was the wife of the founder of Modi Enterprises, Rai Bahadur Gujarmal Modi. People she helped due to her altruistic nature colloquially referred to her as Maji as a sign of respect and gratitude. Her contribution towards the development of society in Modinagar and elsewhere was underlined by her dedication towards uplifting the underprivileged and providing educational opportunities to women and children. She is the grandmother of Lalit Modi, the founder of the Indian Premier League (IPL).
Rajinder Kumar Malhotra, is an Indian business professional associated with the agricultural chemicals industry for over four decades. He has been the Chief Executive and President of Indofil Industries Limited since 1994. Malhotra heads Indofil, which is a part of K.K. Modi’s conglomerate with diverse business interests in tobacco, chemicals, entertainment, education and other sectors.
Krishan Kumar Aggarwal was an Indian physician and senior cardiologist who was President of the Confederation of Medical Association of Asia and Oceania (CMAAO), President of the Heart Care Foundation of India and the Past National President of Indian Medical Association. In 2010, the Government of India honored him with the Padma Shri, India's fourth-highest civilian award, for his contributions to the field of medicine.
India–Sweden relations are the bilateral ties between India and Sweden. Sweden recognised India's independence from the United Kingdom in 1947; both nations established formal diplomatic relations in 1949. India has an embassy in Stockholm, while Sweden has an embassy in New Delhi and honorary consulates in Chennai, Kolkata and Mumbai.
Ayushman Bharat Pradhan Mantri Jan Arogya Yojana(PM-JAY) is a national public health insurance scheme of the Government of India that aims to provide free access to health insurance coverage for low income earners in the country. Roughly, the bottom 50% of the country qualifies for this scheme. People using the program access their own primary care services from a family doctor and when anyone needs additional care, PM-JAY provides free secondary health care for those needing specialist treatment and tertiary health care for those requiring hospitalization.
The economic impact of the COVID-19 pandemic in India has been largely disruptive. India's growth in the fourth quarter of the fiscal year 2020 went down to 3.1% according to the Ministry of Statistics. The Chief Economic Adviser to the Government of India said that this drop is mainly due to the coronavirus pandemic effect on the Indian economy. Notably, India had also been witnessing a pre-pandemic slowdown, and according to the World Bank, the current pandemic has "magnified pre-existing risks to India's economic outlook".
Sonalika Tractors is an Indian agricultural machinery manufacturer. The company was founded in 1995 in Punjab, India. It is the 3rd largest manufacturer of tractors in India, with the capacity to produce 3.00,000 tractors a year, as of June 2017. The company has become the No.1 company in exports from India selling 35,000 tractors in FY 2021-2022 and is active in 150+ countries. It manufactures tractors ranging from 20 HP to 125 HP. The company is operated by International Tractors Limited, the flagship firm of Sonalika Group.
Events in the year 2022 in India.