Samir Modi

{{Infobox person

| name = Samir Modi

| birth_date = {{birth date and age|df=yes|1969|12|15}}

| image = File:Samir Modi (1969-).jpg

| image_caption = Samir Modi in 2022

| image_size =

| nationality = Indian

| occupation = Businessman

| education = The Doon School
University of Delhi

| title = Executive director, Modi Enterprises

| spouse = Shivani Modi

| children = 2

| parents = K.K. Modi and Bina Modi

| website =

}}

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.{{cite news|last=Bhandari|first=Bhupesh|title=Split-proof strategy?|url=http://www.business-standard.com/article/beyond-business/split-proof-strategy-111070200045_1.html|accessdate=25 February 2014|newspaper=Split-proof strategy?|date=2 July 2011}} 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, [https://www.colorbarcosmetics.com/ Colorbar Cosmetics] and Twenty Four Seven convenience stores.{{cite web|title=INDIA CONFERENCE AT HARVARD|url=http://www.harvardindiaconference.com/speaker/samir-modi/|publisher=INDIA CONFERENCE AT HARVARD|accessdate=25 February 2014}}

Education

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.{{Cite news |last=Mitra |first=Sounak |date=20 September 2016 |title=Samir Modi plans aggressive Twenty Four Seven expansion |url=https://www.livemint.com/Companies/sfM0vzeTlCWMeyhEqIEWEK/Samir-Modi-plans-aggressive-Twenty-Four-Seven-expansion.html |access-date=26 August 2024 |work=Mint}}

Career

Modi started his career in 1992 as a management trainee with Philip Morris in the United States, where he worked on promoting Marlboro cigarettes.{{cite web |title=Godfrey Phillips India Ltd |url=http://investing.businessweek.com/research/stocks/people/person.asp?personId=26120444&ticker=874649 |url-status=dead |archive-url=https://archive.today/20140225113142/http://investing.businessweek.com/research/stocks/people/person.asp?personId=26120444&ticker=874649 |archive-date=25 February 2014 |accessdate=25 February 2014 |publisher=Bloomberg Businessweek}} 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.{{cite web |title=An interview with Samir Modi, Managing Director, MODICARE. |url=http://www.thehindujobs.com/thehindu/jobs/0107/05110014.htm |url-status=usurped |archiveurl=https://web.archive.org/web/20070101061747/http://thehindujobs.com/thehindu/jobs/0107/05110014.htm |archivedate=1 January 2007 |accessdate=25 February 2014 |publisher=The Hindu Opportunities |df=dmy-all}}{{cite news |last=Prasad |first=Swati |date=25 January 1999 |title=Business Inc interview: Samir Modi |url=http://expressindia.indianexpress.com/news/ie/daily/19990125/02550505.html |accessdate=25 February 2014 |newspaper=The Indian Express}} By 2003, he had taken charge of the cosmetics segment at Modicare and introduced Colorbar Cosmetics to the Indian market in 2004.{{cite news |date=19 January 2009 |title=Passion over profit |url=http://www.telegraphindia.com/1090119/jsp/entertainment/story_10407321.jsp |url-status=dead |archive-url=https://archive.today/20130203172937/http://www.telegraphindia.com/1090119/jsp/entertainment/story_10407321.jsp |archive-date=3 February 2013 |accessdate=25 February 2014 |newspaper=The Telegraph}} {{Cite web |last=Nandwani |first=Deepali |date=2019-01-04 |title=How Samir Modi grew ColorBar into an indie luxe brand - CNBC TV18 |url=https://www.cnbctv18.com/buzz/how-samir-modi-grew-colorbar-into-an-indie-luxe-brand-that-commands-7-of-the-rs-80000-crore-beauty-and-wellness-market-1863641.htm |access-date=2024-09-27 |website=CNBC TV18 |language=en}} Over time, he worked on transforming Colorbar into a more premium yet affordable brand.{{cite news |last=Thomas |first=Prince Mathews |date=15 January 2014 |title=The Rise of ColorBar |url=http://forbesindia.com/article/boardroom/the-rise-of-colorbar/36895/1 |accessdate=25 February 2014 |newspaper=Forbes India}}{{cite web |last=Borpuzari |first=Pranbihanga |title=Raising the Color Bar |url=http://entrepreneurindia.in/start-ups/raising-the-color-bar/4766/ |url-status=dead |archiveurl=https://web.archive.org/web/20140301054438/http://entrepreneurindia.in/start-ups/raising-the-color-bar/4766/ |archivedate=1 March 2014 |accessdate=25 February 2014 |publisher=Entrepreneur |df=dmy-all}} In 2005, Modi founded 24Seven, India's first 24-hour retail store chain,{{cite web |title=Opportunity lies in being available 24/7 |url=http://www.entrepreneurindia.com/article/starting-a-business/business-opportunity/Opportunity-lies-in-being-available-24-7-285/ |accessdate=25 February 2014 |publisher=Entrepreneur India}} promoting it as a convenient destination for everyday and general needs.{{cite news |date=3 June 2005 |title=Modis unveil 24x7 store |url=http://www.business-standard.com/article/beyond-business/modis-unveil-24x7-store-105060301015_1.html |accessdate=25 February 2014 |newspaper=Business Standard}}

Personal life

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.{{cite news|last=Pradhan|first=Kunal|title=The rise. The fall.|url=http://www.punemirror.in/article/2/2010042220100422232254552340ef5f6/The-rise-The-fall-.html|accessdate=25 February 2014|newspaper=Pune Mirror|date=22 April 2010|url-status=dead|archiveurl=https://web.archive.org/web/20140301014008/http://www.punemirror.in/article/2/2010042220100422232254552340ef5f6/The-rise-The-fall-.html|archivedate=1 March 2014|df=dmy-all}} They have two daughters, Jayati and Vedika. Their elder daughter Jayati had a small role was part in the 2013 film Gippi.{{cite news |last1=Gupta |first1=Priya |title=It was her dream and she got it for herself, says Jayati Modi's mother |url=https://timesofindia.indiatimes.com/entertainment/hindi/bollywood/news/It-was-her-dream-and-she-got-it-for-herself-says-Jayati-Modis-mother/articleshow/19951029.cms |accessdate=June 13, 2020 |publisher=Times of India |date=May 9, 2013}} He was a state-level boxing champion and won a gold medal in a Delhi state boxing championship.{{Cite news |last=Gupte |first=Masoom |date=2018-11-22 |title=If I hadn't gone to Doon, I would've been a spoilt brat: Samir Modi, Colorbar founder |url=https://economictimes.indiatimes.com/magazines/panache/if-i-hadnt-gone-to-doon-i-wouldve-been-a-spoilt-brat-samir-modi-colorbar-founder/articleshow/66743937.cms |access-date=2024-08-26 |work=The Economic Times |issn=0013-0389}}{{Cite news |last=Gupte |first=Masoom |date=2019-02-04 |title=Samir Modi's life lessons from boxing: Take punches, give back as well |url=https://economictimes.indiatimes.com/magazines/panache/samir-modis-life-lessons-from-boxing-take-punches-give-back-as-well/articleshow/67826029.cms |access-date=2024-08-26 |work=The Economic Times |issn=0013-0389}}

Philanthropy

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.{{cite web|title=Modicare Foundation|url=http://modicarefoundation.com/content.aspx?gbin=c337d27a-a1f0-4291-91e2-a8b2298aef19|publisher=Modicare Foundation|accessdate=25 February 2014|url-status=dead|archiveurl=https://web.archive.org/web/20131226123705/http://modicarefoundation.com/content.aspx?gbin=c337d27a-a1f0-4291-91e2-a8b2298aef19|archivedate=26 December 2013|df=dmy-all}} 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.{{cite news|last=Pisharoty|first=Sangeeta|title=The positive side of negative life...|url=http://www.hindu.com/thehindu/mp/2002/09/05/stories/2002090500260300.htm|archive-url=https://web.archive.org/web/20030701115626/http://www.hindu.com/thehindu/mp/2002/09/05/stories/2002090500260300.htm|url-status=dead|archive-date=1 July 2003|accessdate=25 February 2014|newspaper=The Hindu|date=5 September 2002}}

Controversies

According to reports, in February 2024, Sameer Modi filed a case against his mother, Bina Modi, as part of the ongoing inheritance dispute within the Modi family.{{cite web |title=Modi Family Inheritance Dispute: Samir Modi files lawsuit against mother Bina Modi |url=https://www.storyboard18.com/quantum-brief/modi-family-inheritance-dispute-samir-modi-files-lawsuit-against-mother-bina-modi-21701.htm |website=Storyboard18 |language=en}} In June 2024, Samir Modi accuses mother Bina of staging assault on him.{{cite web |title=Family Feud Turns Violent: Son Accuses Mother of Orchestrating Attack in Billionaire's Estate Battle |url=https://www.brutimes.com/news/business/family-feud-turns-violent-son-accuses-mother-of-orchestrating-attack-in-billionaires-estate-battle |website=Bru Times News |language=en}}{{cite web |last1=Vijayraghavan |first1=Kala |title=Feud in Godfrey Phillips: Samir Modi accuses mother Bina of staging assault on him |url=https://economictimes.indiatimes.com/industry/cons-products/tobacco/feud-in-godfrey-phillips-samir-modi-accuses-mother-bina-of-staging-assault-on-him/articleshow/110603870.cms |website=The Economic Times |date=1 June 2024}}