Just like Westerners have the NBA, we have the IPL. Every year, we gather around the television with our family to watch who will take home the IPL trophy. All the credit goes to Lalit Modi, one of the world's top businessmen, for introducing IPL, which has enthralled millions of people since 2007. Lalit Modi belongs to one of the leading business families in India. He is the grandson of Gujarmal Modi, who founded the Modi Enterprise, an Indian Business conglomerate. Lalit Modi studied electrical engineering and business administration at two prestigious universities, Pace University and Duke University, but didn't earn a degree from either.
After returning to India, he joined his family firm and served as the president of International Tobacco Company Limited from 1987 to 1991. He then served as a Non-Executive & Non-Independent Director of Godfrey Phillips India from 1989 to 2010. Prior to Krishan Kumar's death, Lalit Modi was assigned the responsibility of taking over the Modi Group in 2010.
Companies Owned By Lalit Modi
Brands Owned by Modi Enterprises
Modi Enterprises is an Indian Business conglomerate based in New Delhi. It was founded by Gujarmal Modi in 1933. This business group is known to have an extremely diverse portfolio in industries like personal care, cigarette manufacturing, entertainment, food and beverages, and more. The following are the popular brands of Modi Enterprises:
Godfrey Phillips India
|Predecessor||Abdulla & Company|
|Headquarters||Delhi, India (since 1967)|
As of 2021, Godfrey Phillips India would be one of the world's biggest tobacco producers, with a total income of 2784 crores INR in FY22. Godfrey Phillips created the company in 1844 in London, which was the first UK-based corporation to mass-produce cigarettes with extensive international ties. After the founder's death in 1908, the firm was sold and renamed Godfrey Phillips, with two significant stakeholders: Philip Morris and K.K Modi Enterprise, becoming a flagship company of Modi Enterprise. Godfrey Phillips Ltd. of London struck an agreement with International Tobacco Co. to construct a plant in Northern India to produce on the business's behalf as Godfrey Phillip India Ltd.
Shanghai Tang, an international clothing brand founded by David Tang, has become a global powerhouse that represents China's cultural fashion. In 1998, Richemont bought a majority stake in the business. It has a connection with Modi Enterprise as Godrej Phillips India tied up with the brand as a master franchise in India by entering the retail sector in 2005.
Just like its innovative name for the brand, the company also comes with a unique feature of operating as an organized retail convenience store in New Delhi in the round-the-clock format i,e. 24x7. 24 SEVEN offers an international shopping experience to Indians, by selling a variety of products & services. 24 Seven is the first Indian premier convenience store with over 100 outlets across Delhi/ NCR and Chandigarh.
Indians have an affinity for pan masala, which is why Modi Enterprise created the premium brand Pan Vilas in 2010. The firm is a connoisseur's treat, with a well-balanced combination of the best ingredients providing Pan Vilas with an unrivaled and enduring flavor. Pan Vilas has an unmatched and lasting flavor due to its carefully balanced blend and rich treasure of the best ingredients. Pan Vilas is made in Baramati, a cutting-edge factory that utilizes some of the world's most modern food processing equipment.
We all love Thai cuisine in particular, as it matches our cuisine very much. Modi Enterprise launched Ego-Thai in 2002 for a fine dining experience with an exclusive bar and lounge in New Delhi. The restaurant is managed by Thai chefs, with excellent interior design with Thai paintings & artifacts decorated.
|Founded In||23 Mar, 1962|
Indofil, a division of Modi Enterprise, has successfully marketed Insecticides, Fungicides, Bactericides, Herbicides, Acaricides, Surfactants, and other Agro-chemical products. The firm has a well-equipped production infrastructure in R&D as well as a domestic and worldwide distribution network. Indofil emphasizes the notion of the Indian crop protection market by providing productive crop care solutions through cost-effective management.
Modi Enterprises founded Modi Healthcare to create an ethical and credible gateway for Indian nurses and other healthcare professionals who desire to work abroad. Modi Healthcare has received several awards for its collaboration with renowned health centers in the United Kingdom and the United States in establishing world-class courses for the placement of Indian nurses. Furthermore, the organization specializes in providing educational and training components that incorporate soft skills such as communication, management, and assertiveness.
Modicare began in 1996 and is one of India’s leading direct-selling companies in offering services in the categories of Personal care, skin care, home care, laundry care, auto care, cosmetics treatment, and Health & wellness.
Modi Entertainment Networks (MEN)
|Founded In||19 March 1997|
MEN was incorporated on 19 March 1997, as a private unlisted company, that happened to be focusing on community, personal & social services. The company board members are Krishan Kumar and Samir Modi and network operations are withhold in 2010.
Lalit Modi’s mother- Mrs. Bina Modi wanted to open an Italian restaurant and launched one in 1995, in Delhi. The place has a hygge ambiance with wooden furniture and interiors, decorated with greenery, graffiti, ship lights, and vintage paintings.
Colorbar is one of the leading cosmetic brands in India, which ranked 7th in ‘India's Great Mid-size Workplaces 2021'. The company was established in 2005 and has gained rapid growth in the cosmetic industry through building more than 65 stores and 900 plus multi-brand outlets.
The brand's strength lies in its international formulations, premium packaging, and constant product innovations for its fast-growing and demanding target segment of consumers – the independent woman of today who is exposed to global fashion trends.
Modi Enterprise is a 1.5 billion USD net worth corporation that manages approximately 12 brands with a specialization in education, personal care, tea and drinks, tobacco manufacture, entertainment, retail goods, multi-level marketing, agro-chemicals, and restaurants and bars.