Krishan Kumar Modi

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Krishan Kumar Modi
Born
Krishan Kumar Modi

(1940-08-27) 27 August 1940 (age 78)
Patiala, India
NationalityIndian
OccupationChairman of Modi Group
Spouse(s)Bina Modi
ChildrenCharu Modi, Lalit Modi, Samir Modi
Websitewww.modi.com

Krishan Kumar Modi (K.K. Modi), (born 27 August 1940), is an Indian entrepreneur who is the President of Modi Enterprises. Among his three children is Lalit Modi.

Background[edit]

Modi was born on 27 August 1940 in Patiala, the eldest son of Rai Bahadur Gujarmal Modi by his second wife Dayawati Modi. Rai Bahadur Gujarmal Modi was the founder of the Modi Group. He started his first sugar factory in 1933 and gradually built up a vast business empire by venturing into various industrial sectors in the period before and after independence.[1] The young K.K. Modi thus grew up in exciting times, when his father was building the family fortunes, and the country was grappling with major social and political changes.

Career[edit]

In 1959, at the age of just 19, Krishan Kumar accompanied his uncle Kedarnath Modi (Gujarmal's step-brother) to several European countries, to explore the possibility of purchasing the latest textile machinery to produce higher quality cloth.[2] Managing the textile production in the silk mill was the next project entrusted to him.[3] In 1965, he was appointed as the Vice-President of Modipon—the then newly established nylon yarn manufacturing unit in Modinagar.[4]

In 1976, Gujarmal Modi died. KK Modi then provided leadership as patriarch of the Modi family and the group remained united until 1989, when the various businesses of the Modi Group of companies were divided between the five sons of Gujarmal Modi.[5][6] He has since then moved into cigarette manufacturing, pesticides, leather & industrial chemical technology and other sectors.[7] He was also considered to be India's 89th richest man in 2012, according to Forbes.[8]

Modi has served in the following positions:

  • President (Confederation of Asia Pacific Chambers of Commerce & Industry – CACCI)[9]
  • Patron (Indian Chamber of Commerce & Industry – ICCI)[10]

Personal life[edit]

Modi is one of the eleven children (five sons and six daughters) of Rai Bahadur Gujarmal Modi, founder of the Modi Group, by his second wife, Dayawati Devi. His birth in 1940 was greeted with unprecedented joy in the Modi household, because the family had pined for a son for over two decades. His father's first wife, Rajban Devi, had borne as many as ten children, but every single one of them had died in childbirth or infancy. Finally, in 1932, at the behest of his ailing first wife and family elders, Gujarmal Modi had taken a second wife, Dayawati Devi. Several daughters were then born, before the birth of KK Modi, the long-awaited heir, in 1940. KK Modi's younger brothers are Vinay Kumar, Satish Kumar, Bhupendra Kumar Modi and Umesh Kumar.

Modi was married to Bina Modi on 4 December 1961 at the age of 21. The match was arranged by their parents in the traditional Indian way.[11] Bina is a cooking enthusiast who runs the Ego Thai restaurant in New Delhi.[12] They have three children, a daughter named Charu Bhartia, and two sons, Lalit Modi and Samir Modi. Charu, who handles the Modi group's educational venture,[13] is the mother of Priyal Bhartia (daughter) and Ashrant Bhartia (son). KK Modi's second son, Samir Modi, handles the group's ventures in the retail and cosmetics sector. He is married to Shivani and is the father of two daughters, Jayati and Vedika.

KK Modi's elder son is the controversial Lalit Modi, the flamboyant cricket administrator famous for creating the Indian Premier League,[14] who is presently (June 2015) wanted by the Indian authorities on various charges and lives in London. Lalit and his parents were estranged for many years. This is because he fell in love with a married woman, Minal, who was nine years older than him and the mother of a teenage daughter. Minal, who come in contact with Lalit because she was Bina's friend, was Hindu by birth, but her first husband and her daughter Karima were both Muslim. Minal divorced her husband and married Lalit, to the horror and disgust of his parents, who disowned him and did not have any contact with him for many years. Lalit is the father of Ruchir (son) and Aliya (daughter), and the step-father of Karima, who is married (again in the teeth of stiff resistance from the Burman family) to Gaurav Burman, son of Vivek Burman of the Dabur Group.

References[edit]

  1. ^ "Modi Enterprises". Modi Enterprises. Retrieved 3 February 2014.
  2. ^ Chauhan, Dr. P.P.S. (August 1977). A Vision of Karmayogi Gujarmal Modi. Modinagar: Allied Publicity Bureau. p. 70.
  3. ^ "India Inc: KK Modi". NewsX. Retrieved 3 February 2014.
  4. ^ Chauhan, Dr. P.P.S. (August 1977). A Vision of Karmayogi Gujarmal Modi. Modinagar: Allied Publicity Bureau. p. 75.
  5. ^ John, Satish (2 January 2012). "After Ambanis, it's Modis' turn to show sibling camaraderie at BK Modi's birthday". The Economic Times. Retrieved 3 February 2014.
  6. ^ Ninan, T.N. "Fratricidal war". India Today. Retrieved 3 February 2014.
  7. ^ "KK Modi Story". Modicare. Retrieved 3 February 2014.
  8. ^ "India's Richest (2012)". Forbes. Retrieved 3 February 2014.
  9. ^ "Dikshit proposes Asian metro cities network for urban renewal". The Hindu Business Line. 18 February 2005. Retrieved 3 February 2014.
  10. ^ "Introduction to ICCI". Indian Chamber of Commerce & Industry. Retrieved 3 February 2014.
  11. ^ Chauhan, Dr. P.P.S. (August 1977). A Vision of Karmayogi Gujarmal Modi. Modinagar: Allied Publicity Bureau. p. 73.
  12. ^ "Sarthak Behuria to head K K Modi Group's family council". The Economic Times. 15 April 2011. Retrieved 3 February 2014.
  13. ^ "The rise of ColorBar". Forbes India. 29 January 2014. Retrieved 3 February 2014.
  14. ^ e-Kulsoom, Um (27 April 2010). "Father's message to Lalit Modi: Go fight". NDTV. Retrieved 3 February 2014.

External links[edit]