Bhupendra Kumar Modi Explained

Bhupendra Kumar Modi
Birth Date:2 January 1949
Birth Place:Modinagar, India
Nationality:Singaporean
Alma Mater:Indian Institute of Technology
University of Southern California
Occupation:Founder Chairman: Smart Group Founder Chairman: Global Citizen Forum Honorary President: World Federation of United Nations Associations  Global Chairman: Foreign Investors India Forum
Spouse:Veena Modi
Children:3: Ritika(49), Dilip Modi(47) and Divya(33).
Parents:Gujarmal Modi and Dayawati Modi
Honours:Entrepreneur of the Year Award (2017)Global Thought Leader for Global Peace Award (2018)
Website:https://dr-m.global/

Bhupendra Kumar Modi (born 2 January 1949), popularly known as Dr. Modi, is an Indian-born Singaporean businessman, social entrepreneur, and philanthropist.[1] He is the founder-chairman of Smart Group of companies, the founder of the Global Citizen Forum and the global chairman of the Foreign Investors India Forum.[2] He is also the Honorary President of the World Federation of United Nations Associations.[3]

He received the title of Rajarshi from the Shankaracharya of Dwarka Peeth.[4]

Early life and education

Modi is the son of Raibahadur Gujarmal Modi and Dayawati Modi. He graduated with a degree in chemical engineering from the Indian Institute of Technology (IIT-BHU)[5] and received an MBA from the University of Southern California. He has been awarded a PhD. in Financial Management.[6]

Career

In 1975, as a part of Modi Rubber, Modi made the first Indo-International technical collaboration in the tyre industry with Continental of Germany. In 1981, Modi established Graphics India, which became the sole distributor of Rank Xerox copiers in India, and formed Modi Xerox in 1983 as a joint-venture with Xerox, setting up India's first office automation product manufacturing facility in Modipur, Rampur in the Indian state of Uttar Pradesh.[7] [8]

In 1987, Modi formed a joint-venture with Italian computer firm Olivetti. Modi Olivetti was the first Indian joint-venture to manufacture advanced PC's and floppy disks.[9] He also entered into a joint venture with Alcatel in 1992; Alcatel Modi Network Systems was the first Indian private sector company to manufacture telecom equipment and export digital switching systems and to set up a GSM network in India.[10]

In 1993, his company Modi Telstra became the first company to launch cellular services in India and received the first Telecom Engineering Commission Certification of Quality. The inaugural mobile call in India was made on the Modi Telstra network by the then Chief Minister of Kolkata, Jyoti Basu to Sukh Ram, the then Union communications minister, in July 1995.[11] [12]

Later Modi formed Spice Communications, a joint-venture with Telekom-Malaysia (now Axiata) which went on to become the leading telecom operator in Northern and Southern India. In 2000, Modi established Cellebrum (now Spice Digital), a mobile value-added services company for telecom operators. In 2013, Modi established Saket City Hospitals and invested ₹300 crore in it. The hospital has 250 beds. In 2014, Media reported that Saket City Hospitals planned to invest ₹350 crore to expand the hospital's capacity by adding 350 beds by 2016.[13] In 2004, he founded Spice Hotspot, the first Indian mobile retail chain. Spice Mobiles was among the earliest producers of Indian-branded handsets. In June 2008, he exited the telecom business in a deal with Idea Cellular, at that time the fourth largest mergers and acquisitions deal involving an Indian entity.[14]

In 2009, Modi acquired a major stake in i2i, a listed company in Singapore Stock Exchange, renaming it S-i2i,[15] (now SEVAK LTD.),[16]).

In 2013, Modi was included in Singapore's 50 Richest List by Forbes.[17] In the same year, he dropped use of the name 'Spice' in favour of 'Smart'.[18] He also entered into the entertainment industry as co-producer of the film OMG!,[19] and producer of the tele-serial Buddha.[20]

In 2015, Smart Group entered the wellness and healthcare sector,[21] partnering with multiple global wellness groups including the American Academy of Anti-Aging Medicine (A4M), the Global Wellness Institute, and Fountain Life. The group's plans include developing wellness communities, a virtual wellness platform and preventive healthcare centres,[22] such as the Modi Yoga Retreat in Rishikesh,[23] Noida in Uttar Pradesh, and the Smart Metabolic Anti-Aging centre in New Delhi.[24]

SEVAK LTD. has partnered with Uber to operate a fully commercially-owned electric vehicle fleet in Singapore.[25]

Since 2019, Modi has been Global Chairman of the Foreign Investors India Forum (FIIF), an initiative supported by international affiliates and most domestic chambers of commerce to promote foreign investment into India.[26] [27]

Social philanthropy

In January 2013, Modi founded the Global Citizen Forum, a progressive social organisation with the mission statement of creating "One World Beyond Gender, Religion and Nationality".[28] The organisation has held several events around the world, including at the United Nations headquarters in New York City.[28]

Personal life

Modi is married to Veena Modi and they have three children.[29]

Filmography

As co-producer

As producer

Books

Awards and honours

Notes and References

  1. Web site: The Billionaire's Bash. 2021-04-14. Khaleej Times. en.
  2. Web site: Foreign Investors Forum For Rationalisation Of Tax Norms For Foreign Nationals Living In India. 2021-04-14. BW Businessworld. en.
  3. Web site: 2019-03-20. Bhupendra Kumar Modi . 2021-04-14. WFUNA - World Federation of United Nations Associations. en.
  4. Web site: 2023-11-25 . Modipur Suncity Emerges As Global Hub With Rs 2,000-Crore Investment . TimesNow . en.
  5. Web site: Bhupendra Kumar Modi's trilogy examines the intricacies of Hinduism . www.daijiworld.com . en.
  6. Web site: Nagarajan . Nisthula . Accomplishing the High Life . Khaleej Times . en.
  7. News: John . Lison Joseph & Satish . 2011-10-27 . Spice Group chairman BK Modi back to running business, plans to raise a billion dollars . The Economic Times . 0013-0389.
  8. News: June 14, 2013 . Xerox partners in buyout race . Business Standard.
  9. News: July 26, 2013 . 'Joint Venture Modi' comes back home with eye on globe . Business Standard.
  10. News: Kolesnikov . Sonia . November 5, 2008 . Spotlight: Bhupendra Kumar Modi . The New York Times.
  11. Web site: 20 years of the mobile phone in India: One call that started it all . 2015-07-31. 19 January 2022. The Economic Times. en-US.
  12. Web site: Telecom too big for one ministry, says BK Modi . www.dnaindia.com . en.
  13. Web site: Balakrishnan . Reghu . 2015-10-09 . BK Modi to sell Saket hospital, exit healthcare business . mint . en.
  14. Web site: 2008-06-25. Idea-Spice deal 4th largest M&A in India. 2021-04-14. DNA India. en.
  15. News: Mitra. Sounak. 2013-07-26. 'Joint Venture Modi' comes back home with eye on globe. Business Standard India. 2021-04-16.
  16. Web site: SEVAK Limited – A Leading Telecom and IT Service Provider. 2021-04-14. www.sevaklimited.com.
  17. Web site: Bhupendra Kumar Modi. 2021-04-14. Forbes. en.
  18. Web site: Singh. S. Ronendra. Spice set to become Smart. 2021-04-16. @businessline. en.
  19. Web site: OMG producer B K Modi’s scooters to be launched by PM Narendra Modi . Tellychakkar.com . en.
  20. Web site: Buddha is a 10 years journey for me, and for Mr. B.K. Modi it is a 30 years journey - Ridhwana, Creative Producer, Buddha . Tellychakkar.com . en.
  21. News: Smart Group to invest Rs 2,000 crore to open wellness city in Delhi. The Economic Times. 2021-04-14.
  22. Web site: With Focus On Health, Green Tech, NRI Plans To Invest Billions In India. 2021-04-16. NDTV.com.
  23. Web site: Offering mix of ancient science, latest facilities for wellness. 2021-04-14. The Pioneer. en.
  24. News: 2018-05-31. Dr. BK Modi launches India's first and most innovative Anti-Aging Centre. Business Standard India. 2021-04-14.
  25. News: 2016-03-04. B K Modi's company forays into enter electric vehicles. Business Standard India. 2021-04-14.
  26. Web site: India is a dream opportunity for Overseas Citizens of India investors: Dr B K Modi . ET HealthWorld. 2021-04-14. en.
  27. Web site: Singal. Aastha. 2019-09-03. To Aid the Dream of $5 Trillion Economy, BK Modi Launches Investment Fund for Overseas Citizens of India. 2021-04-14. Entrepreneur. en.
  28. Web site: Staff Writer. Global Citizenship Forum Holds Gender Equality Event At UN . News India Times. 2021-04-14. en-US.
  29. News: January 28, 2013 . Promoters Resign, Promote Kin To Keep It All In The Family . Business Standard.
  30. Web site: Doctor who decided to co-produce OMG... . The Times of India.
  31. Web site: Launch of B.K.Modi's Mega TV series Buddha in Mumbai - Times of India . 2021-04-16 . The Times of India . en.