StartupTalky

Tag: Indian Businessman

  • Companies Owned by Modi Enterprise – Lalit Modi companies

    Just like Westerners have the NBA, we have the IPL. Every year, we gather around the television with our family to watch who will take home the IPL trophy. All the credit goes to Lalit Modi, one of the world’s top businessmen, for introducing IPL, which has enthralled millions of people since 2007. Lalit Modi belongs to one of the leading business families in India. He is the grandson of Gujarmal Modi, who founded the Modi Enterprise, an Indian Business conglomerate. Lalit Modi studied electrical engineering and business administration at two prestigious universities, Pace University and Duke University, but didn’t earn a degree from either.

    After returning to India, he joined his family firm and served as the president of International Tobacco Company Limited from 1987 to 1991. He then served as a Non-Executive & Non-Independent Director of Godfrey Phillips India from 1989 to 2010. Prior to Krishan Kumar’s death, Lalit Modi was assigned the responsibility of taking over the Modi Group in 2010.

    Companies Owned By Lalit Modi

    Godfrey Phillips India
    Shanghai Tang
    24SEVEN
    Pan Vilas
    Ego-Thai
    Indofil
    Modi Healthcare
    Beacon Travels
    Modicare
    Modi Entertainment Networks (MEN)
    Ego Italian
    Colorbar

    Brands Owned by Modi Enterprises

    Brands Owned by Modi Enterprises
    Brands Owned by Modi Enterprises

    Modi Enterprises is an Indian Business conglomerate based in New Delhi. It was founded by Gujarmal Modi in 1933. This business group is known to have an extremely diverse portfolio in industries like personal care, cigarette manufacturing, entertainment, food and beverages, and more. The following are the popular brands of Modi Enterprises:

    Godfrey Phillips India

    Founded In 1936
    Predecessor Abdulla & Company
    Headquarters Delhi, India (since 1967)

    Godfrey Phillips India , Produces Tobacco
    Godfrey Phillips India , Produces Tobacco 

    As of 2021, Godfrey Phillips India would be one of the world’s biggest tobacco producers, with a total income of 2784 crores INR in FY22. Godfrey Phillips created the company in 1844 in London, which was the first UK-based corporation to mass-produce cigarettes with extensive international ties. After the founder’s death in 1908, the firm was sold and renamed Godfrey Phillips, with two significant stakeholders: Philip Morris and K.K Modi Enterprise, becoming a flagship company of Modi Enterprise. Godfrey Phillips Ltd. of London struck an agreement with International Tobacco Co. to construct a plant in Northern India to produce on the business’s behalf as Godfrey Phillip India Ltd.

    ITC Success Story – Business Model, Revenue Model, and More
    ITC is one of the biggest and most successful Indian conglomerates. Here’s a look at its business model, revenue model, and more.
    StartupTalkyShalini Rath

    Shanghai Tang

    Founded In 1994
    Founder David Tang
    Headquarters Hong Kong

    Shanghai Tang An International Clothing Brand
    Shanghai Tang An International Clothing Brand

    Shanghai Tang, an international clothing brand founded by David Tang, has become a global powerhouse that represents China’s cultural fashion. In 1998, Richemont bought a majority stake in the business. It has a connection with Modi Enterprise as Godrej Phillips India tied up with the brand as a master franchise in India by entering the retail sector in 2005.

    24SEVEN

    Founded In 2005
    Founder Modi Enterprise
    Headquarters New Delhi

    24SEVEN India's First Convenience Store
    24SEVEN India’s First Convenience Store

    Just like its innovative name for the brand, the company also comes with a unique feature of operating as an organized retail convenience store in New Delhi in the round-the-clock format i,e. 24×7. 24 SEVEN offers an international shopping experience to Indians, by selling a variety of products & services. 24 Seven is the first Indian premier convenience store with over 100 outlets across Delhi/ NCR and Chandigarh.

    The Business Model And Main Competitors Of Tesco
    Tesco is a British multinational grocery and general merchandise retailer. Read to find out how Tesco became successful because of its business model.
    StartupTalkyPV Vyshnavi

    Pan Vilas

    Founded In 2010
    Founder Modi Enterprise
    Headquarters New Delhi

    Indians have an affinity for pan masala, which is why Modi Enterprise created the premium brand Pan Vilas in 2010. The firm is a connoisseur’s treat, with a well-balanced combination of the best ingredients providing Pan Vilas with an unrivaled and enduring flavor. Pan Vilas has an unmatched and lasting flavor due to its carefully balanced blend and rich treasure of the best ingredients. Pan Vilas is made in Baramati, a cutting-edge factory that utilizes some of the world’s most modern food processing equipment.

    Akshay Kumar Vimal Ad – Fans Reaction, Apology and More
    The fans of Akshay Kumar have been outraged over the new Vimal ad starring Akshay Kumar. Let’s understand the complete controversy.
    StartupTalkyHarshit Verma

    Ego-Thai

    Founded In 2002
    Founder Modi Enterprise
    Headquarters New Delhi

    Ego-Thai Restaurant
    Ego-Thai Restaurant

    We all love Thai cuisine in particular, as it matches our cuisine very much. Modi Enterprise launched Ego-Thai in 2002 for a fine dining experience with an exclusive bar and lounge in New Delhi. The restaurant is managed by Thai chefs, with excellent interior design with Thai paintings & artifacts decorated.

    Indofil

    Founded In 23 Mar, 1962
    Founder Modi Enterprise
    Headquarters Mumbai

    Indofil For Crop Care Solutions
    Indofil For Crop Care Solutions

    Indofil, a division of Modi Enterprise, has successfully marketed Insecticides, Fungicides, Bactericides, Herbicides, Acaricides, Surfactants, and other Agro-chemical products. The firm has a well-equipped production infrastructure in R&D as well as a domestic and worldwide distribution network. Indofil emphasizes the notion of the Indian crop protection market by providing productive crop care solutions through cost-effective management.

    Top Chemical Companies in India | Leading Chemical Companies
    The chemical industry of India ranks 6th largest in world. Lets know some of the top chemical companies in India contributing in Indian economy.
    StartupTalkyPratyusha Srivastava

    Modi Healthcare

    Founded In 2002
    Founder Modi Enterprise
    Headquarters New Delhi

    Modi Healthcare For Indian Healthcare Professionals Who Desire To Work Abroad
    Modi Healthcare For Indian Healthcare Professionals Who Desire To Work Abroad

    Modi Enterprises founded Modi Healthcare to create an ethical and credible gateway for Indian nurses and other healthcare professionals who desire to work abroad. Modi Healthcare has received several awards for its collaboration with renowned health centers in the United Kingdom and the United States in establishing world-class courses for the placement of Indian nurses. Furthermore, the organization specializes in providing educational and training components that incorporate soft skills such as communication, management, and assertiveness.

    Beacon Travels

    Founded In 1988
    Founder Modi Enterprise
    Headquarters New Delhi

    Beacon Travels For Travel Solutions
    Beacon Travels For Travel Solutions

    India is one of the best destinations as it highlights the rich Indian culture. K.K Moi Group company commenced Beacon Travels to bring high-quality travel solutions to the corporate sector in India.

    10 Ways To Earn Money While Travelling | Make Money While Travelling |
    Wanna travel the world and make money? We have listed some of the best options that you can consider while travelling.
    StartupTalkyYash Gupta

    Modicare

    Founded In 1996
    Founder Modi Enterprise
    Headquarters New Delhi

    Modicare A Direct-Selling Company
    Modicare A Direct-Selling Company

    Modicare began in 1996 and is one of India’s leading direct-selling companies in offering services in the categories of Personal care, skin care, home care, laundry care, auto care, cosmetics treatment, and Health & wellness.

    Modi Entertainment Networks (MEN)

    Founded In 19 March 1997
    Founder Modi Enterprise
    Headquarters New Delhi

    Modi Entertainment Networks (MEN) For Community, Personal & Social Services
    Modi Entertainment Networks (MEN) For Community, Personal & Social Services

    MEN was incorporated on 19 March 1997, as a private unlisted company, that happened to be focusing on community, personal & social services. The company board members are Krishan Kumar and Samir Modi and network operations are withhold in 2010.

    Zee Media Success Story – India’s Largest Media Company
    Read the success story of Zee Media. How it became India’s leading entertainment and news network subsidiary of Essel group.
    StartupTalkyShalini Rath

    Ego Italian

    Founded In 1995
    Founder Modi Enterprise
    Headquarters New Delhi

    Ego Italian An Italian Restaurant
    Ego Italian An Italian Restaurant

    Lalit Modi’s mother- Mrs. Bina Modi wanted to open an Italian restaurant and launched one in 1995, in Delhi. The place has a hygge ambiance with wooden furniture and interiors, decorated with greenery, graffiti, ship lights, and vintage paintings.

    Colorbar

    Founded In 2005
    Founder Modi Enterprise
    Headquarters New Delhi

    Colorbar A Cosmetic Brand
    Colorbar A Cosmetic Brand

    Colorbar is one of the leading cosmetic brands in India, which ranked 7th in ‘India’s Great Mid-size Workplaces 2021′. The company was established in 2005 and has gained rapid growth in the cosmetic industry through building more than 65 stores and 900 plus multi-brand outlets.

    The brand’s strength lies in its international formulations, premium packaging, and constant product innovations for its fast-growing and demanding target segment of consumers – the independent woman of today who is exposed to global fashion trends.

    Top 10 Leading Cosmetics Startups in India
    The cosmetic industry is thriving in India. Check out the top cosmetic brands in India that are leading the beauty industry.
    StartupTalkyDamini Bhandary

    Conclusion

    Modi Enterprise is a 1.5 billion USD net worth corporation that manages approximately 12 brands with a specialization in education, personal care, tea and drinks, tobacco manufacture, entertainment, retail goods, multi-level marketing, agro-chemicals, and restaurants and bars.

  • Rakesh Jhunjhunwala: The 48th Richest Man of India

    Rakesh Jhunjhunwala is an Indian businessman, investor, and film producer. He is the owner of Rare Enterprises, a privately owned stock trading firm. According to Forbes Rich List, he has been declared the 48th richest person in India with a net worth of 520 crores (2022).

    He started investing and experimenting with stocks while studying in college. He is popularly known as the Warren Buffet of India and the King of Bull Market. He is also an active philanthropist and intends to donate almost 50% of his fortune to charitable organizations. He sponsors nearly 400 schools and advocates education for children coming from disadvantaged backgrounds.

    Rakesh Jhunjhunwala- Biography

    Name Rakesh Jhunjhunwala
    Born 1960
    Died 14 August 2022
    Birthplace Telangana, India
    Nationality Indian
    Education Sydenham College; The Institute of Chartered Accountants of India
    Profession Businessman; Investor; Film Producer
    Position Owner of Rare Enterprises
    Net worth $620 Crore (2022)
    Siblings Rajesh Jhunjhunwala; Raju Jhunjhunwala
    Spouse Rekha Jhunjhunwala
    Daughter Nishtha
    Sons Aryaman; Aryavir

    Rakesh Jhunjhunwala- Personal Life and Education
    Rakesh Jhunjhunwala- Professional Life
    Rakesh Jhunjhunwala- As an Investor
    Rakesh Jhunjhunwala- Rare Enterprises
    Rakesh Jhunjhunwala- As a Producer
    Rakesh Jhunjhunwala- Honors & Awards

    Rakesh Jhunjhunwala- Personal Life and Education

    Rakesh Jhunjhunwala
    Rakesh Jhunjhunwala

    Rakesh was born in Hyderabad, Andhra Pradesh (now in Telangana), India. He was brought up in a Mumbai-based Marwari family, where his father was employed as an income tax officer.

    He is married to Rekha Jhunjhunwala and the couple bear three children. He is known as a family man who loves his wife, brothers, and children.

    Rakesh Jhunjhunwala With His Family
    Rakesh Jhunjhunwala With His Family 

    Rakesh studied at Sydenham College of Commerce and Economics situated in Mumbai. He was qualified as a Chartered Accountant from the Institute of Chartered Accountants of India.

    On the morning of 14th August 2022, Rakesh Jhunjhunwala lost his life due to a cardiac arrest at the age of 62. During his last days, he was living in Mumbai and was rushed to Breach Candy Hospital where doctors could not save his life and reported multiple organ failure.

    His dmise was shocking for the whole Indian Business ecosystem. PM Narendra Modi shared his condolences to Rakesh Jhunjhunwala’s demise  in a tweet:


    Other personalities like Industrialist Gautam Adani, Finance Minister Nirmala Sitharaman, Zerodha Founder Nikhil Kamath and others also shared their condolences on social media.

    Rakesh Jhunjhunwala- Professional Life

    Rakesh is the chairman of Aptech Limited and Hungama Digital Media Entertainment Private Limited. The stocks of Rakesh fell to 30% in December 2011. He somehow recovered all those losses in February 2012.

    These roller coasters in the journey aided him to reduce his susceptibility by trimming his portfolio to one-third. However, his utmost care to dispossess his Aptech stake eventually had no takers.

    Apart from being a businessman, Rakesh Jhunjhunwala is an investor, philanthropist, and also Bollywood movie producer. He serves on the Board of directors of a bunch of Indian companies.

    Rakesh Jhunjunwala- as the Board OF Directors

    • Prime Focus Limited.
    • Geojit Financial Services.
    • Bilcare Limited.
    • Praj Industries Limited.
    • Innovasynth Technologies Limited.
    • Mid Day Multimedia Limited.
    • Nagarjuna Construction Company Limited.
    • Viceroy Hotels Limited.
    • Tops Security Limited.

    Rakesh Jhunjhunwala- As an Investor

    Rakesh got inspired by his father, who used to discuss stock trading. Eventually, Rakesh took a good amount of interest in the stocks business. After completing his studies for Chartered Accountant in 1985, Rakesh made his first investment with only Rs.5000 when the Bombay Stock Exchange Index was at 150 rupees.

    After one year, he got a profit of Rs. 5 lakh by selling 5,000 shares of Tata Tea for Rs. 143 after buying for Rs. 43 per share three months ago.

    He has invested Rs. 26 crores in the company, A2Z Maintenance. Thus he has increased his stake in the company by 3.57% to 23.2%. One of the major profits he earned was Rs. 3 lakh in 1986. Between the years 1986-1989, he earned almost Rs. 20-25 lakh profit. One of his biggest investments in the year 2020 is in the Titan Company, which is worth Rs. 4,758 crores.

    Rakesh Jhunjhunwala- Rare Enterprises

    Rare Enterprises Logo
    Rare Enterprises Logo

    Rare Enterprises is a privately owned asset management firm, which serves Indian customers. The name Rare has been derived from the combined name of Rakesh and his wife Rekha.

    Speaking of the year 2020, the company purchased 50 lakh shares of Indiabulls Real Estate through an open market transaction on NSE. After this move, the stock jumped 15.68% to Rs. 63.80 on the BSE. Moreover, it gained 15.97% to Rs. 63.90 on the NSE.

    Rare Enterprises purchased 50 lakh scrips of the company at an average price of Rs. 57.73 per share, as per NSE’s bulk deal data. This deal took a total value of Rs.28.86 crore.

    Rakesh Jhunjhunwala- As a Producer

    He has been the co-producer of some major Bollywood movies like Ki & Ka, English Vinglish, and Shamitabh. Moreover, a web series named Scam 1992, where, an actor named Kevin Dave played a role based on Rakesh.

    The Character "Rakesh" is inspired by the "Rakesh Jhunjhunwala" and played by Kavin Dave in the movie "Scam 1992"
    The Character “Rakesh” is inspired by the “Rakesh Jhunjhunwala” and played by Kevin Dave in the movie “Scam 1992”

    His movie English Vinglish was nominated under the criteria of Best Film (2013) through the platform of Filmfare Awards, Zee Cine Awards, and Awards of the International Indian Film Academy.

    There is a famous parody blog based on his life, The Secret Journal of Rakesh Jhunjhunwala, which was revealed in 2012 by The Economic Times and written by Forbes columnist Mark Fidelman for a year before it was taken over by Indian author Aditya Magal.

    A snippet of the blog published by Time Of India on Rakesh Jhunjhunwala
    A snippet of the blog published by Economic Times on Rakesh Jhunjhunwala

    Rakesh Jhunjhunwala- Honors & Awards

    • Rakesh was described as an Investor with a Midas touch by Forbes.
    • India Today described him as the pin-up boy of the current bull run.
    • The Economic Times called him the Pied Piper of Indian bourses.
    • He is ranked as the 48th richest person in India according to Forbes Rich List with a net worth of $620 Crores.

    Conclusion

    Rakesh Jhunjhunwala is the 48th richest Indian man with the most inspiring life journey. He started as a stock investor with Rs 5000 and now stands at a net worth of $620 Crores as of 2022. He is popularly known as Warren Buffet of India due to his unscalable stock knowledge. Some of the key points about Indian Warren Buffet have been shared in the above context.

    FAQs

    Who is Rakesh Jhunjhunwala?

    Rakesh Jhunjhunwala is an Indian businessman, investor, and film producer. He is the owner of Rare Enterprises, a privately owned stock trading firm.

    What is the net worth of Rakesh Jhunjhunwala?

    Rakesh Jhunjhunwala’s net worth is $620 Crores in the year 2022.

    How did Rakesh Jhunjhunwala make his money?

    Rakesh Jhunjhunwala’s first big profit was Rs 0.5 million in 1986. He bought 5,000 shares of Tata Tea at Rs 43 and within 3 months it was trading at Rs 143. He made a profit of over 3 times by selling the stocks of Tata tea.

    When did Rakesh Jhunjhunwala buy titan?

    Rakesh Jhunjhunwala bought titan in the year 2002-2003 for a minimal value and holds above 7.5 crores share of Titan company.

    Is Rakesh Jhunjhunwala a CA?

    Yes, Rakesh Jhunjhunwala is a certified CA with the education completed from Sydenham College, The Institute of Chartered Accountants of India.