Samir Modi (born 15 December 1969) 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.[1] 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.[2]
Samir Modi | |
|---|---|
.jpg) Samir Modi in 2022 | |
| Born | 15 December 1969 |
| Nationality | Indian |
| Education | The Doon School University of Delhi |
| Occupation | Businessman |
| Title | Executive director, Modi Enterprises |
| Spouse | Shivani Modi |
| Children | 2 |
| Parent(s) | K.K. Modi and Bina Modi |
Education
Modi studied at the all-boys boarding school, The Doon School in Dehradun. He then received a bachelor's degree from Hindu College, University of Delhi, and a management degree from Harvard Business School.[3]
Career
Modi began his business career in 1992 as a management trainee for Philip Morris in the US where he promoted Marlboro brand cigarettes.[4] After various stints in the Modi Group's businesses, he launched a network-marketing arm, Modicare, in 1996. The venture began with 12 products and 300 distributors.[5][6] In 2003, he took over the cosmetics business in Modicare, launching Colorbar Cosmetics for the domestic Indian market in 2004.[7] Over the years, Modi focused on Colorbar by repositioning the brand as a more exclusive yet affordable product.[8][9] In 2005, Modi launched Twenty Four Seven, India's first 24-hour retail store chain.[10] Modi marketed the retail chain as a one-stop shop for daily and general necessities.[11]
Personal life
He is the youngest of K.K. Modi and Bina Modi's children. Samir's elder sister, Charu Modi is the CEO and vice-president of Modi Academic International Institute, while brother Lalit Modi is a former cricket administrator, who founded the Indian Premier League (IPL) cricket tournament in 2008. In 1991, Samir married Shivani (née Gupta), whose father runs Delton Cables.[12] They have two daughters, Jayati and Vedika. Their elder daughter Jayati had a small role was part in the 2013 film Gippi.[13] He was a state-level boxing champion and won a gold medal in a Delhi state boxing championship.[14][15]
Philanthropy
In 1996, he set up the Modicare Foundation to prevent the escalation of HIV/AIDS, enhance awareness, and erase the myths and misconceptions surrounding the disease.[16] In 2002, Modi published The Positive Side, a book that promotes AIDS awareness and contains real-life experiences of patients and their battle with the disease.[17]
References
- ^ Bhandari, Bhupesh (2 July 2011). "Split-proof strategy?". Split-proof strategy?. Retrieved 25 February 2014.
- ^ "INDIA CONFERENCE AT HARVARD". INDIA CONFERENCE AT HARVARD. Retrieved 25 February 2014.
- ^ Mitra, Sounak (20 September 2016). "Samir Modi plans aggressive Twenty Four Seven expansion". Mint. Retrieved 26 August 2024.
{{cite news}}: CS1 maint: url-status (link) - ^ "Godfrey Phillips India Ltd". Bloomberg Businessweek. Archived from the original on 25 February 2014. Retrieved 25 February 2014.
- ^ "An interview with Samir Modi, Managing Director, MODICARE". The Hindu Opportunities. Archived from the original on 1 January 2007. Retrieved 25 February 2014.
- ^ Prasad, Swati (25 January 1999). "Business Inc interview: Samir Modi". The Indian Express. Retrieved 25 February 2014.
- ^ "Passion over profit". The Telegraph. 19 January 2009. Archived from the original on 3 February 2013. Retrieved 25 February 2014.
- ^ Thomas, Prince Mathews (15 January 2014). "The Rise of ColorBar". Forbes India. Retrieved 25 February 2014.
- ^ Borpuzari, Pranbihanga. "Raising the Color Bar". Entrepreneur. Archived from the original on 1 March 2014. Retrieved 25 February 2014.
- ^ "Opportunity lies in being available 24/7". Entrepreneur India. Retrieved 25 February 2014.
- ^ "Modis unveil 24x7 store". Business Standard. 3 June 2005. Retrieved 25 February 2014.
- ^ Pradhan, Kunal (22 April 2010). "The rise. The fall". Pune Mirror. Archived from the original on 1 March 2014. Retrieved 25 February 2014.
- ^ Gupta, Priya (9 May 2013). "It was her dream and she got it for herself, says Jayati Modi's mother". Times of India. Retrieved 13 June 2020.
- ^ Gupte, Masoom (22 November 2018). "If I hadn't gone to Doon, I would've been a spoilt brat: Samir Modi, Colorbar founder". The Economic Times. ISSN 0013-0389. Retrieved 26 August 2024.
- ^ Gupte, Masoom (4 February 2019). "Samir Modi's life lessons from boxing: Take punches, give back as well". The Economic Times. ISSN 0013-0389. Retrieved 26 August 2024.
- ^ "Modicare Foundation". Modicare Foundation. Archived from the original on 26 December 2013. Retrieved 25 February 2014.
- ^ Pisharoty, Sangeeta (5 September 2002). "The positive side of negative life..." The Hindu. Archived from the original on 1 July 2003. Retrieved 25 February 2014.