Family
Modi family
Named among India's leading Marwari business houses
One of four Marwari houses that together held a third of the assets of India's top ten business houses as of 1986.
- Sources
- 2
- Ranked on
- 2 lists
Why this is listed
“As of 1986, the Birlas, the Singhanias, the Modis, and the Bangurs (all Marwari business houses) accounted for one third of the total assets of the top ten business houses in India [Dubashi 1996 cited in Hardgrove 2004:3].”
Hometowns of the Marwaris, Diasporic Traders in Indiasrc-h.slav.hokudai.ac.jp
Family tree
The members of the Modi family this record documents, and the parent links between them. Every link is a cited claim; each person’s page carries its source. Only people who have died or who hold a public role appear.
Partitions
A memorandum of understanding divided the Modi companies between two groups of the family. · 1989
- K.K. Modi vs K.N. Modi & Ors (Supreme Court, 4 February 1998)indiankanoon.org
“Ultimately, on 24th of January, 1989, a Memorandum of Understanding was arrived at between Group A and Group B. Under the Memorandum of Understanding so arrived at, it is agreed between the parties that Group A will manage and/or control the various companies enumerated in Clause 1. One of the companies so included is Modipon Ltd. minus Indofil (chemical division) and selling agency. Under Clause 2, Group B is entitled to manage, own and/or control the companies enumerated in that clause.”
- K.K. Modi vs K.N. Modi & Ors (Supreme Court, 4 February 1998)indiankanoon.org
Family
Source for the figures above
- K.K. Modi vs K.N. Modi & Ors (Supreme Court, 4 February 1998)indiankanoon.org
“The present litigation has arisen on account of dispute between Seth Gujjar Mal Modi's five sons - K.K.Modi, V.K. Modi, S.K.Modi. B.K.Modi and U.K.Modi on the one hand (hereinafter referred to as `Group B') and Kedar Nath Modi, the younger brother of Seth Gujjar Mal Modi and his three sons - M.K.Modi and D.K.Modi (hereinafter referred to as `Group A') on the other hand. The Modi family owns or has a controlling interest in a number of public limited companies.”