B. K. Modi

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B. K. Modi is the global Chairman of Spice Global, an Indian conglomerate headquartered in Singapore. Council[1] and chairman of Asia Crime Prevention Foundation’s India chapter. He was appointed by the United Nation as Coordinator for the Indian subcontinent for the Millennium World Peace Summit. Modi became a citizen of Singapore in 2012 and ranks 23rd in the Forbes list of Singapore’s richest people.[2][3]

On February 17, 2004, the US House of Representatives issued a proclamation in appreciation of Modi's efforts to promote deeper understanding between the two countries and congratulated him on his innovations and humanitarian efforts worldwide.[citation needed]

Modi has authored many books, including One God, Hinduism – The Universal Truth, Performance – A Manager’s Challenge and Whispers of Peace.

Early life[edit]

Modi was born in a small town in India to Rai Bahadur Gujar Mal Modi. He is a chemical engineer from Indian Institute of Technology - Banaras Hindu University (IIT - BHU) and an MBA from the University of South California. He was awarded a Ph D in financial management and conferred a DLitt in industrial management.

Business career[edit]

Modi began his career in Modi Steel, one of the prime units of his family business, Modi Industries. As head of Modi Rubber, Modi sealed India's first international Joint Venture partnership in the tyre industry with Continental of Germany. Modi Rubber set up India’s first world-class tyre manufacturing facility in the country.

Modi laid the foundation for his business empire by setting up Graphics India in 1981, in collaboration with Xerox. The Leadership through Quality training programme at Xerox won the first Deming Prize for Quality in the United States. Modi brought India’s first photocopiers in partnership with Rank Xerox.

In the past three decades, he has forged Joint Venture Partnerships with global giants such as Alcatel, Telstra, Olivetti and, more recently, Telekom Malaysia.

Modi established Spice Global under the name, Modi Corp. Later, the company came to be known as MCorp Global and Spice Corp, before it finally became Spice Global.

Modi is in the process of setting up its first multi-super speciality hospital, christened Saket City Hospital, in Delhi, with an envisaged investment of Rs 1,400 crore ($250 million).

Spice Global Subsidiaries

  • S Mobility – (NYSE: SPICEMOBIL), formerly Spice Mobility - Telecommunications
  • Spice Retail - Telecommunications retail and accessory chain (741 stores in 136 cities)[14]
  • Spice Digital - Business solutions for telecom operators
  • Spice CSL - Global Spice Mobility and is based in Malaysia. It enjoys a market share of 18% in Malaysia.
  • Spice Enfotainment
  • Spice World - Mall in NOIDA (Uttar Pradesh)
  • Spice Studios - Film production company
  • Spice Investment and Finance Advisors - A 62% controlling stake in Wall Street Finance Limited (India)
  • Spice Innovative Technologies - is headquartered in Singapore, provides voice, data and computing services.
  • Spice BPO Services - operates in the domestic on-shore BPO
  • Spice Foundation
  • Varanasi and Rampur DMA Schools
  • Modi-led Spice Global entering healthcare, investing $250M in new Delhi-based hospital Saket City Hospital, South Delhi.

Global Citizen Forum[edit]

The Global Citizen Forum was started by Modi on January 5, 2013, to bridge the gap between artificial boundaries and the real world through technology. The forum launched its GCF webpage and held a session in Singapore on relaxing property ownership laws for singles. Modi wants the Singapore government to end a ban on young singles owning state-built homes till they become 35 years.[4]

Personal life[edit]

Modi is married to Veena Modi. His son, Dilip Modi, was the youngest ASSOCHAM president in 2011 and also the youngest COAI president in 2004-05. His daughters, Divya (Director Spice Finance) and Ritika, are both married. Though Hindu by belief he also produced the Zee TV serial Buddha - The King of Kings in 2013.[5]

Awards and honors[edit]

  • Appointed by UN as Coordinator for the Indian sub-continent for the Millennium World Peace Summit.
  • Outstanding Telecom & Informatics Entrepreneurship Award.
  • British-Japan Friendship Award for World Peace.
  • Annual Award for exemplary community service from Indo-American Chamber of Commerce.
  • Modi represented the Indian industry at the Malaysia India Business Council Seminar at Kuala Lumpur as a Special Speaker. He spoke on - How to do Business in India

Milestones[edit]

Modi believes in pushing all boundaries to think beyond the conventional and stay one step ahead of the dreams of the mobile community. He is credited with establishing:

1 First Indian company to set up a state-of-the-art copier manufacturing plant

2 Establishment of India's first facsimile manufacturing company

3 First Indian company to market high-end laser printing systems

4 India's first company to manufacture 3.5" floppy

5 First Indian company to set up a private telecom plant

6 First company to launch cellular telephone services in India

7 First Indian company to export digital switching systems

8 First Indian MNO to offer flexi tariff plans for cellular services

9 First to manufacture eco-friendly paper products

10 Pioneers of complete environment, health and safety management systems in India

11 Establishment of India's first 4D theatre

12 First Indian company to launch a dual mode phone in India

13 India's first GSM operator to launch a handset bundled offer for less than Rs 1,000

14 Launched India's first 3D phone

15 Launched India's first 2G and 3G dual SIM Android phone Mi-350

16 Spice Global entering healthcare, investing $250M in new Delhi-based hospital

References[edit]

External links[edit]