VK Modi Group
Marching ahead with revenues of Rs. 2000 crores and a team of 1600 members
Modi Enterprises began as a small family run business started by a simple, kind hearted man Ram Baksh Modi. The reigns of this business fell into the hands of Mr. Chiranji Lal Modi, after the death of Ram Baksh Modi in 1857.
Under his able leadership the family soon started to arrange for supplies for the British cantonment from Kanpur to Peshawar. He started his career as a commission agent of food grains in Patiala and in 1894 he bought the very mill that he regularly supplied wheat too.
Mr. Chiranji Lal Modi was not only selected as the honorary magistrate but also the City Father of Patiala. On August 09, 1902 he was blessed with his first son Gujar Mal Modi in Kanaur.
In 1920, at the age of 18, Gujar Mal Modi left school, continuing his education through private coaching. He became actively involved in the family business, learning from practical experience. From 1920 up till his demise in 1975 he revolutionized the Indian economy and industrial space.
The People Behind the Name
Seth Gujar Mal Modi
Gujar Mal Modi was a renowned industrialist and philanthropist, who co-established the Modi Group of companies and the industrial city of Modinagar in 1933, along with his brother Kedar Nath Modi. Gujar Mal Modi was a natural when it came to enterprise, voluntarily taking the lead in business initiatives and working tirelessly towards realising them. A sugar mill in Modinagar marked the beginning of the Modi Group conglomerate, which later diversified into varied fields. Gujar Mal Modi established schools and colleges at his birthplace, Mahendragarh, in Patiala and in Modinagar. He also contributed a lot in the field of higher education by giving grants to established institutions such as Banaras Hindu University, and different colleges in Meerut and other places.
Gujar Mal Modi’s long innings was marked with far too many achievements, awards and honours. The year 1968 proved to be the most momentous though. Not only had he been elevated to the post of president of FICCI that year, but the Union Government decided to confer the Padma Bhushan on him. His spirit, vision, foresight and drive were hailed as reasons for the transformation of Begumabad into an industrial township that boasted scores of factories, schools, colleges, medical facilities, residential quarters and places of worship.
Modi Rubber Limited is an India based company engaged tyres and tubes in the production of rubber products. The company was established in 1971 and has its corporate head office located in Uttar Pradesh, India.
MRL was the fourth largest producer of truck & bus tyres in the country, with a 14% share. Modi Continental Tyres are popular not only in India but also in 25 nations all over the world. These products were marketed in India, Australia, the United States, Italy and Russia; and through a representative office in Brazil.
Modi Rubber was one of the largest tyre manufacturers in India till 2001 competing with other companies in this sector such as Apollo Tyres, MRF, JK Tyres, Birla Tyres, Ceat Tyres etc. The company’s vision is to succeed and to cast an indelible impression on the firmament of success.
Modi Rubber had a production capacity of 1,200,000 tyres and tubes at Modipuram plant (including plant at Partapur); and 500,000 tyres and tubes at Modinagar plant. Modi Rubber is a publicly quoted company, traded on the Bombay Stock Exchange under the ticker code <500890>.
Gujarat Guardian Ltd.
Gujarat Guardian Ltd. was set up in 1993 with its manufacturing unit at Ankleshwar, Gujarat with an employee strength of over 1250. It achieved a turnover of M740 crores in FY 2016-17.