Modi Group: Legacy of a Century-Old Indian Business Empire
The Modi Group is one of India’s most storied business conglomerates, with a legacy that stretches back to 1933. Founded in the pre-independence era, this iconic business family built an empire spanning sectors such as FMCG, manufacturing, education, and technology. In this article, we explore the Modi Group’s remarkable journey, leadership structure, publicly listed companies, and strategic milestones.
Modi Group Overview
- Business Group Name: Modi Group
- Year Established: 1933
- Founder: Rai Bahadur Gujjar Mal Modi
- Key Leaders:
- Late Chairman: K.K. Modi (led until 2019)
- Notable Family Members: Lalit Modi (Ex-IPL Chairman), Dr. B.K. Modi (Chairman of Spice Global), and others from the Modi lineage
The Family Behind the Brand
The Modi Group was established by Rai Bahadur Gujjar Mal Modi, a pioneer in Indian industry during the British colonial period. Over the decades, the family expanded the group into multiple sectors and geographies. Though the business was eventually divided among family branches, the Modi name continues to command respect across the Indian corporate landscape.
Also Read: Mahindra Group – India’s Corporate Trailblazer: Legacy, Leadership & Global Reach
Modi Group Listed Companies (As of July 2024)
Several firms under the Modi Group umbrella are listed on Indian stock exchanges, showcasing the group’s financial and industrial reach:
| Company | Share Price (INR) | Market Cap (INR Cr) | Sector | Core Products | Headquarters |
| Modi Rubber Ltd | 120.50 | 950 | Manufacturing | Tyres, auto components | Ghaziabad, Uttar Pradesh |
| Modi Naturals Ltd | 345.75 | 1,200 | FMCG | Edible oils, health foods | New Delhi |
| Godfrey Phillips India* | 1,850 | 10,500 | Tobacco & Retail | Cigarettes, convenience stores | Mumbai, Maharashtra |
*Note: Godfrey Phillips is a joint venture between the Modi family and Philip Morris.
Group Leadership & Digital Presence
- Corporate Governance: Managed by family-led boards and professional CEOs
- Prominent Divisions: Modi-Mundipharma (pharma), Indofil Industries (agri-chemicals)
- Social Media:
- Official Websites:
Strategic Growth & Expansion Timeline
1. Sector-Wide Diversification
From textiles and sugar to pharma, FMCG, and education, the Modi Group adopted a calculated diversification strategy to mitigate sectoral risks.
2. Global Collaborations
Ties with international giants like Philip Morris, British Airways, and Revlon helped bring cutting-edge expertise and global visibility.
3. Education & Social Contributions
The family established institutions under the Modi Education Society, offering scholarships and supporting community development initiatives.
Landmark Achievements
- Historic Milestone: Launched India’s first multi-village sugar manufacturing project in 1933.
- International Presence: Business footprint spans over 20 countries across Southeast Asia, Africa, and the Middle East.
- Recognition: Awarded for excellence in CSR, innovation, and manufacturing.
Current & Upcoming Investments
- Healthcare: ₹500 Cr infusion into Modi-Mundipharma for expanding pharma infrastructure.
- FMCG & Wellness: Modi Naturals is actively investing in organic products and nutraceuticals.
- Agri-Tech: Indofil is exploring AI-enabled farming solutions to revolutionize Indian agriculture.
Conclusion: A Legacy That Inspires
The Modi Group’s legacy is a blend of heritage and forward-looking innovation. Its listed companies play a vital role in India’s economic growth, while the family’s commitment to social development and business ethics continues to inspire entrepreneurs across generations. To stay updated on their ventures and impact, visit their website or follow @ModiGroup on Twitter.
