page_title: Gujarmal Modi
section_title: Modi Group
hierarchical_section_title: Gujarmal Modi / Modi Group
caption_attribution_description: English: Modi at IPL Players Auction
context_page_description: Gujarmal Modi was an Indian 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. A sugar mill in Modinagar marked the beginning of the Modi Group conglomerate, which later diversified into varied fields.
  GM Modi established schools and colleges at his birthplace, Mahendragarh, in Patiala and in Modinagar. He also contributed 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. He was awarded the Padma Bhushan by the Government of India in 1968. He is the grandfather of Lalit Modi, the founder of the Indian Premier League.
context_section_description: The Modi Group split in 1989, and the business was divided between the five sons of Gujarmal Modi, including Krishan Kumar Modi, VK Modi, SK Modi, B. K. Modi and UK Modi and the three sons of his step brother Kedar Nath Modi. Krishan Kumar Modi, Gujarmal Modi's eldest son, owns Godfrey Phillips, the tobacco manufacturing company.
  His brother K. N. Modi, died in 2005, at the age of 84. His son M.K. Modi is the head of Modipon Fibre, of the K.N. Modi Group, while his other son Y.K. Modi was FICCI president for many years. Since the division, the Modi Group companies have underperformed and failed to match the successes achieved by the late Gujarmal Modi.
  His son Krishan Kumar Modi and former chairman of Modi Group passed away at the age of 79 on 2 November 2019.
  In April 2010, Krishan Kumar Modi, had revealed that his eldest son Lalit Modi will succeed him as the helm of Modi Group's flagship business Godfrey Phillips India (GPI).
caption: Lalit Modi.
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