Samir Modi
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. 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.
Samir Modi | |
|---|---|
.jpg) Samir Modi in 2022 | |
| Born | 15 December 1969 |
| Education | The Doon School Hindu College, Delhi Delhi University Harvard University |
| Occupation | Businessman |
| Title | Executive director, Modi Enterprises |
| Spouse | Shivani Modi |
| Children | 2 |
| Parent(s) | K.K. Modi and Bina Modi |
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]
Education
[edit]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
[edit]Modi started his career in 1992 as a management trainee with Philip Morris in the United States, where he worked on promoting Marlboro cigarettes.[4] After gaining experience in different roles within the Modi Group's businesses, he launched Modicare in 1996, a network marketing venture that began with 12 products and 300 distributors.[5][6] By 2003, he had taken charge of the cosmetics segment at Modicare and introduced Colorbar Cosmetics to the Indian market in 2004.[7][8] Over time, he worked on transforming Colorbar into a more premium yet affordable brand.[9][10] In 2005, Modi founded 24Seven, India's first 24-hour retail store chain,[11] promoting it as a convenient destination for everyday and general needs.[12]
Personal life
[edit]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.[13] They have two daughters, Jayati and Vedika. Their elder daughter Jayati had a small role was part in the 2013 film Gippi.[14] He was a state-level boxing champion and won a gold medal in a Delhi state boxing championship.[15][16]
Philanthropy
[edit]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.[17] 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.[18]
References
[edit]- ^ 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.
- ^ "Godfrey Phillips India Ltd". Bloomberg Businessweek. Retrieved 25 February 2014.
{{cite web}}: CS1 maint: deprecated archival service (link) - ^ "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. Retrieved 25 February 2014.
{{cite news}}: CS1 maint: deprecated archival service (link) - ^ Nandwani, Deepali (4 January 2019). "How Samir Modi grew ColorBar into an indie luxe brand - CNBC TV18". CNBC TV18. Retrieved 27 September 2024.
- ^ 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.
Further reading
[edit]- "This is what the future of beauty will look like, according to Colorbar's Samir Modi". Elle (India). 31 August 2024. Retrieved 27 September 2024.
- Gupte, Masoom (1 January 2019). "Samir Modi on the surname game, & why his father didn't want him to start Colorbar". The Economic Times. Retrieved 26 August 2024.
- Ghosh, D.K. (2004). The Great Digital Transformation: A Saga of Sustainable Development. Sunrise Publications. p. 96. ISBN 9788187365082 – via University of Michigan.
