Bhupendra Kumar Modi

Bhupendra Kumar Modi

$1.00 B

Ranked #1153 in World

About Bhupendra Kumar Modi

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.

Born

January 02, 1949 in Modinagar, India

Age

77 years

Source Of Wealth

Telecom

Industries

Telecom

Citizenship

India

Residence

singapore

Education

Master of Business Administration, Marshall School of Business

Spouse

Veena Modi

Children

3: Ritika(49), Dilip Modi(47) and Divya(33).

Parent

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:

  • Smart Group of companies
  • Graphics India
  • Modi Xerox
  • Modi Olivetti
  • Alcatel Modi Network Systems
  • Modi Telstra
  • Spice Communications
  • Cellebrum (now Spice Digital)
  • Spice Hotspot
  • Spice Mobiles
  • S-i2i (now SEVAK LTD.)

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:

  • Established the first Indo-International technical collaboration in the tire industry with Continental of Germany.
  • Founded Graphics India, the sole distributor of Rank Xerox copiers in India.
  • Formed Modi Xerox as a joint venture with Xerox, setting up India's first office automation product manufacturing facility.
  • Established Modi Olivetti, the first Indian joint venture to manufacture advanced PCs and floppy disks.
  • Formed a joint venture with Alcatel, resulting in the creation of Alcatel Modi Network Systems, the first Indian private sector company to manufacture telecom equipment and export digital switching systems.
  • Set up a GSM network in India.
  • Launched cellular services in India through Modi Telstra, receiving the first Telecom Engineering Commission Certification of Quality.
  • Formed Spice Communications, a leading telecom operator in Northern and Southern India.
  • Established Cellebrum (now Spice Digital), a mobile value-added services company for telecom operators.
  • Founded Spice Hotspot, India's first mobile retail chain.
  • Spice Mobiles became one of the earliest producers of Indian-branded handsets.
  • Acquired a major stake in i2i, renamed it S-i2i (now SEVAK LTD.), and transformed it into a regional distributor and provider of info-communication products and services in Singapore and Indonesia.
  • Entered the entertainment industry as co-producer of the film OMG! and producer of the tele-serial Buddha.
  • Ventured into the wellness and healthcare sector through the Smart Group, partnering with multiple global wellness groups.
  • SEVAK LTD. collaborated with Uber to operate a fully commercially-owned electric vehicle fleet in Singapore.
  • Since 2019, serves as the Global Chairman of the Foreign Investors India Forum (FIIF).

Bhupendra Kumar Modi: Awards & Achievements

Dr. M's contributions have been widely recognized and honored through numerous awards and achievements, including:

  • 1997: Chairman of the Cellular Operators Association of India.
  • 2000: Coordinator for Indian subcontinent for Millennium World Peace Summit by United Nations.
  • 2004: Proclamation from US House of Representatives for promoting understanding between countries.
  • 2009: Special commendation from Singapore Minister-Mentor Lee Kuan Lew.
  • 2013: 'Ambassador of Peace Award' by the Universal Peace Foundation.
  • 2015: 'Lifetime Achievement Luminary Award' by Channel News Asia, Singapore.
  • 2017: 'Entrepreneur of the Year Award' by Singapore Indian Chamber of Commerce.
  • 2018: 'Global Thought Leader for Global Peace Award' by Stardust.
  • 2019: Honorary President for World Federation of United Nation Associations.

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.

Wealth History

Timeline

January 2, 1949

Bhupendra Kumar Modi (Dr. M) was born.

1975

Dr. M established the first Indo-International technical collaboration in the tire industry with Continental of Germany.

1981

Dr. M established Graphics India, the sole distributor of Rank Xerox copiers in India.

1987

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.

1992

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.

1993

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.

2000

Dr. M established Cellebrum (now Spice Digital), a mobile value-added services company for telecom operators.

2004

Dr. M founded Spice Hotspot, the first Indian mobile retail chain. Spice Mobiles became one of the earliest producers of Indian-branded handsets.

2008

Dr. M exited the telecom business in a deal with Idea Cellular.

2009

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.

2013

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'.

2015

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.

Since 2019

Dr. M has served as the Global Chairman of the Foreign Investors India Forum (FIIF).

Bhupendra Kumar Modi : FAQs

What is Bhupendra Kumar Modi's net worth?

As of 2012, Bhupendra Kumar Modi's net worth was $1.00 billion.

What are Bhupendra Kumar Modi's main sources of wealth?

Bhupendra Kumar Modi's main source of income comes from Telecom.

In which industry does Bhupendra Kumar Modi primarily operate?

Bhupendra Kumar Modi is primarily involved in the Telecom industry.

What is Bhupendra Kumar Modi educational background?

Bhupendra Kumar Modi holds a Master of Business Administration from Marshall School of Business.

How old is Bhupendra Kumar Modi?

Bhupendra Kumar Modi is 77 years old.

How many children does Bhupendra Kumar Modi have?

Bhupendra Kumar Modi has 3 children.

Who is Bhupendra Kumar Modi and what are his major contributions?

Bhupendra Kumar Modi, also known as Dr. M, is an Indian-born Singaporean businessman, social entrepreneur, and philanthropist. He is the founder-chairman of Smart Group of companies and the Global Citizen Forum. His significant contributions include establishing the first Indo-International technical collaboration in the tire industry with Continental of Germany, forming Modi Xerox with Xerox Corporation, and launching cellular services in India through Modi Telstra. Additionally, he has been involved in philanthropy through the Global Citizen Forum and has ventured into the entertainment industry as a producer.

What educational qualifications does Bhupendra Kumar Modi hold?

Bhupendra Kumar Modi holds a degree in chemical engineering from IIT-BHU, an MBA from the University of Southern California, and a PhD in Financial Management.

Can you outline Bhupendra Kumar Modi's career milestones in the telecom industry?

Bhupendra Kumar Modi's career in the telecom industry includes establishing Graphics India as the sole distributor of Rank Xerox copiers in India, forming Modi Xerox for office automation product manufacturing, creating Modi Olivetti for advanced PC and floppy disk manufacturing, launching Alcatel Modi Network Systems for telecom equipment manufacturing, and founding Modi Telstra to launch cellular services in India. He also established Spice Communications and Cellebrum (now Spice Digital), contributing significantly to India's telecom sector before exiting the business in 2008.

What are some of Bhupendra Kumar Modi's achievements in social philanthropy?

In social philanthropy, Bhupendra Kumar Modi founded the Global Citizen Forum with the mission statement "One World Beyond Gender, Religion, and Nationality". The forum has held several events worldwide, including at the United Nations headquarters in New York City, aiming to foster global unity and peace.

What awards and honors has Bhupendra Kumar Modi received throughout his career?

Throughout his career, Bhupendra Kumar Modi has received numerous awards and honors including the 'Ambassador of Peace Award' by the Universal Peace Foundation in 2013, 'Lifetime Achievement Luminary Award' by Channel News Asia in 2015, 'Entrepreneur of the Year Award' by Singapore Indian Chamber of Commerce in 2017, and 'Global Thought Leader for Global Peace Award' by Stardust in 2018. He was also named Honorary President for World Federation of United Nation Associations in 2019.
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