Mumbai
₹ 13,835 /gm
Bhupendra Kumar Modi, an Indian-born Singaporean business magnate, philanthropist, and social entrepreneur, has made significant strides in various industries since his career inception in 1975. As the founder-chairman of the Smart Group and the Global Citizen Forum, Dr. M has been pivotal in fostering Indo-international collaborations, notably establishing India's first office automation and telecom equipment manufacturing facilities through ventures with global giants like Continental, Xerox, and Alcatel. His entrepreneurial journey also led to the launch of India's inaugural cellular service via Modi Telstra and the creation of Spice Communications, a leading telecom operator. Transitioning from telecom, Dr. M ventured into wellness and healthcare in 2015, aiming to develop comprehensive wellness communities and platforms. His philanthropic efforts are highlighted by founding the Global Citizen Forum, advocating for unity beyond societal divides. Educated with a chemical engineering degree from IIT-BHU and an MBA and PhD from the University of Southern California, Modi's accolades include listings on Forbes' Richest and numerous international awards for his contributions to peace and entrepreneurship.
January 02, 1949 in Modinagar, India
77 years
Telecom
Telecom
India
singapore
Master of Business Administration, Marshall School of Business
Veena Modi
3: Ritika(49), Dilip Modi(47) and Divya(33).
Gujarmal Modi and Dayawati Modi
Bhupendra Kumar Modi, popularly known as Dr. M, was born on January 2, 1949. He hails from India and has since become a prominent Singaporean businessman, social entrepreneur, and philanthropist. Dr. M's early years were marked by a strong academic foundation, as he graduated in chemical engineering from the prestigious Indian Institute of Technology (IIT-BHU). His pursuit of higher education led him to the United States, where he obtained an MBA from the University of Southern California and later earned a PhD in Financial Management.
Bhupendra Kumar Modi: Family
Dr. M is married to Veena Modi, and together they have three children. His family has been a constant source of support throughout his remarkable career and philanthropic endeavors.
Bhupendra Kumar Modi: Career Highlights
Dr. M's career is a testament to his entrepreneurial spirit and visionary leadership. In 1975, he achieved a significant milestone by establishing the first Indo-International technical collaboration in the tire industry with Continental of Germany. This marked the beginning of his journey in the business world.
In 1981, Dr. M founded Graphics India, which became the sole distributor of Rank Xerox copiers in India. This venture paved the way for the formation of Modi Xerox, a joint venture with Xerox, leading to the establishment of India's first office automation product manufacturing facility.
Dr. M's collaborations continued with Italian computer firm Olivetti in 1987, resulting in the creation of Modi Olivetti. This joint venture made history as the first Indian joint venture to manufacture advanced PCs and floppy disks.
In 1992, Dr. M formed a joint venture with Alcatel, giving birth to Alcatel Modi Network Systems. This company became the first Indian private sector entity to manufacture telecom equipment and export digital switching systems. It also played a pivotal role in setting up a GSM network in India.
The year 1993 marked another milestone when Modi Telstra became the first company to launch cellular services in India.
This achievement was further solidified by receiving the first Telecom Engineering Commission Certification of Quality. Notably, the inaugural mobile call in India was made on the Modi Telstra network.
Dr. M's entrepreneurial spirit led him to form Spice Communications, a joint venture with Telekom-Malaysia (now Axiata). Spice Communications emerged as a leading telecom operator in Northern and Southern India.
In 2000, Dr. M established Cellebrum (now Spice Digital), a mobile value-added services company catering to telecom operators. This was followed by the founding of Spice Hotspot in 2004, India's first mobile retail chain.
Spice Mobiles also made its mark as one of the earliest producers of Indian-branded handsets. However, in 2008, Dr. M decided to exit the telecom business through a deal with Idea Cellular.
In 2009, Dr. M acquired a major stake in i2i, which was later renamed S-i2i (now SEVAK LTD.). This company serves as a regional distributor and provider of info-communication products and services in Singapore and Indonesia.
Dr. M's success and influence were recognized when he was included in Singapore's 50 Richest List by Forbes in 2013. This achievement marked a significant milestone in his career.
In the same year, Dr. M made a strategic decision to drop the 'Spice' name in favor of 'Smart.' This rebranding exercise marked a new chapter in his business ventures.
Dr. M's foray into the entertainment industry came in the form of co-producing the film OMG! in 2012 and producing the tele-serial Buddha in 2013. These projects showcased his diverse interests and creative pursuits.
In 2015, the Smart Group, under Dr. M's leadership, ventured into the wellness and healthcare sector. This move involved partnerships with multiple global wellness groups, with plans to develop wellness communities, a virtual wellness platform, and preventive healthcare centers.
Furthermore, SEVAK LTD. collaborated with Uber to operate a fully commercially-owned electric vehicle fleet in Singapore, demonstrating Dr.
M's commitment to sustainable initiatives.
Since 2019, Dr. M has held the prestigious position of Global Chairman of the Foreign Investors India Forum (FIIF), further solidifying his influence in the business world.
Bhupendra Kumar Modi: Companies
Dr. M's entrepreneurial journey has led to the establishment of several notable companies, including:
Bhupendra Kumar Modi: Major Achievements
Dr. M's remarkable achievements span various fields, including business, social entrepreneurship, and philanthropy. Some of his notable accomplishments include:
Bhupendra Kumar Modi: Awards & Achievements
Dr. M's contributions have been widely recognized and honored through numerous awards and achievements, including:
Bhupendra Kumar Modi: Personal Life & Legacy
Dr. M's personal life revolves around his family, including his wife Veena Modi and their three children. He is known for his philanthropic endeavors and commitment to social causes, which have left a lasting legacy.
Bhupendra Kumar Modi: Trivia
Dr. M's diverse interests and accomplishments extend beyond the business world. He has authored several books, including "Hinduism The Universal Truth" (1993), "Performance — A Manager's Challenge" (1995), "One God" (2000), and "India and Hinduism" (2002).
In addition to his business ventures and philanthropic work, Dr. M has also co-produced and produced several films and television series, showcasing his passion for the entertainment industry.
Bhupendra Kumar Modi (Dr. M) was born.
Dr. M established the first Indo-International technical collaboration in the tire industry with Continental of Germany.
Dr. M established Graphics India, the sole distributor of Rank Xerox copiers in India.
Dr. M formed a joint-venture with Italian computer firm Olivetti, resulting in Modi Olivetti, the first Indian joint-venture to manufacture advanced PCs and floppy disks.
Dr. M formed a joint venture with Alcatel, leading to the establishment of Alcatel Modi Network Systems, the first Indian private sector company to manufacture telecom equipment and export digital switching systems.
Modi Telstra, a joint venture between Dr. M and Telekom-Malaysia, became the first company to launch cellular services in India. The inaugural mobile call in India was made on the Modi Telstra network.
Dr. M established Cellebrum (now Spice Digital), a mobile value-added services company for telecom operators.
Dr. M founded Spice Hotspot, the first Indian mobile retail chain. Spice Mobiles became one of the earliest producers of Indian-branded handsets.
Dr. M exited the telecom business in a deal with Idea Cellular.
Dr. M acquired a major stake in i2i, renaming it S-i2i (now SEVAK LTD.), a regional distributor and provider of info-communication products and services in Singapore and Indonesia.
Dr. M was included in Singapore's 50 Richest List by Forbes. He also founded the Global Citizen Forum, a progressive social organization with the mission statement 'One World Beyond Gender, Religion, and Nationality'.
Dr. M's Smart Group entered the wellness and healthcare sector, partnering with multiple global wellness groups. Plans included developing wellness communities, a virtual wellness platform, and preventive healthcare centers.
Dr. M has served as the Global Chairman of the Foreign Investors India Forum (FIIF).
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