Krishan Kumar Modi
Krishan Kumar Modi | |
|---|---|
 Modi on a 2022 stamp of India | |
| Personal details | |
| Citizenship | Indian |
| Spouse | Bina Modi |
| Children | Charu Modi Lalit Modi Samir Modi |
| Occupation | Businessman |
| Known for | Modi Enterprises |
| Website | modi |
Krishan Kumar Modi(27 August 1940 – 2 November 2019), also known asK. K. Modi,was an Indian businessman and the President of Modi Enterprises. Among his three children isLalit Modi.
Background
[edit]Modi was born in August 1940 inPatiala,the eldest son ofRai BahadurGujarmal Modiand his second wifeDayawati Modi.Rai BahadurGujarmal Modiwas the founder of theModi 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.[citation needed][promotion?]
Career
[edit]In 1959, at the age of just 19, Krishan Kumar accompanied his uncle Kedaarnath 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 the Vice-President of Modipon—the then newly established nylon yarn manufacturing unit inModinagar.[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 toForbes.[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) ofRai BahadurGujarmal Modi,founder of theModi 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 Modiand Umesh Kumar.[citation needed]
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 namedCharu Bhartia,and two sons,Lalit ModiandSamir 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.[citation needed]
KK Modi's elder son is the controversialLalit Modi,the flamboyant cricket administrator famous for creating theIndian Premier League,[14]who is wanted by the Indian authorities on various charges and lives inLondon.
References
[edit]- ^"Modi Enterprises".Modi Enterprises.Retrieved3 February2014.
- ^Chauhan, Dr. P.P.S. (August 1977).A Vision of Karmayogi Gujarmal Modi.Modinagar: Allied Publicity Bureau. p. 70.
- ^"India Inc: KK Modi".NewsX.Archivedfrom the original on 15 December 2021.Retrieved3 February2014.
- ^Chauhan, Dr. P.P.S. (August 1977).A Vision of Karmayogi Gujarmal Modi.Modinagar: Allied Publicity Bureau. p. 75.
- ^John, Satish (2 January 2012)."After Ambanis, it's Modis' turn to show sibling camaraderie at BK Modi's birthday".The Economic Times.Retrieved3 February2014.
- ^Ninan, T.N. (31 December 1987)."Fratricidal war".India Today.Retrieved3 February2014.
- ^"KK Modi Story".Modicare. Archived fromthe originalon 8 February 2014.Retrieved3 February2014.
- ^"India's Richest (2012)".Forbes.Retrieved3 February2014.
- ^"Dikshit proposes Asian metro cities network for urban renewal".The Hindu Business Line.18 February 2005.Retrieved3 February2014.
- ^"Introduction to ICCI".Indian Chamber of Commerce & Industry. Archived fromthe originalon 21 September 2013.Retrieved3 February2014.
- ^Chauhan, Dr. P.P.S. (August 1977).A Vision of Karmayogi Gujarmal Modi.Modinagar: Allied Publicity Bureau. p. 73.
- ^"Sarthak Behuria to head K K Modi Group's family council".The Economic Times.15 April 2011.Retrieved3 February2014.
- ^"The rise of ColorBar".Forbes India.29 January 2014.Retrieved3 February2014.
- ^e-Kulsoom, Um (27 April 2010)."Father's message to Lalit Modi: Go fight".NDTV.Retrieved3 February2014.
External links
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