industry conglomerate founded 1933 ; 83 years ago 1933 headquarters new delhi delhi india key people krishan kumar modi chairman samir modi managing director products consumer products multi level marketing gourmet restaurants education entertainment tea and beverages health fast moving consumer goods fashion food and hospitality number of employees 28 000 approximately website http www.modi.com the modi group consisting godfrey phillips india indofil industries ltd. modicare limited is an indian business conglomerate based in new delhi india . it is a us 2.8 billion organization headed by krishan kumar modi . the group has diversified business portfolio of making cigarettes tea & beverages entertainment consumer products multi level marketing chemicals tertiary education and gourmet restaurants . in april 2010 krishan kumar modi chairman of modi group announced the succession plan for his business empire quoting to media about his business to be shared equally among his three children 1 which at present is run by k k modi family trust of which he is the managing trustee . in june 2011 the modi group announced that it was planning to acquire majority control in godfrey phillips india from philip morris the american tobacco manufacturer . both group had a 36 % share in the company until in 2009 modi group acquired an additional 10.8 % stake in gpi from philip morris for us 27 million taking its share to 47 % . as per the joint venture agreement modi group has the right to take its holdings up to 51 % by buying further into philip morris holdings to gain majority control of the company . the deal brought philip morris stake down to 21 % . 2 contents 1 product brands 2 history 3 references 4 external links product brands edit colorbar usa four square cigarettes fs1 premium line of cigarettes tea city dessange twenty four seven retail store line modi academic international institute history edit rai bahadur gujarmal modi 1902 1976 founded the modi group beginning with a small family run business then expanding from 1932 onwards with companies such as modi sugar modi vanaspati mfr co. modi paints modi oils modi electrodes modi lanterns and torch works tube wells drilling modi distillery modi steels industrial gases modi spinning and wvg . mills co. ltd. modi yarn mills modi threads modi soap modi rubber and modi carpets etc. citation needed references edit http www.financialexpress.com news modi empire may be sold k k modi 612027 1 http articles.timesofindia.indiatimes.com 2011 06 23 india business 29693699 1 cigarette maker philip morris kk modi external links edit official web page organisation pillars retrieved from https en.wikipedia.org w index.php title modi group & oldid 729145790 categories conglomerate companies of indiacompanies based in new delhihidden categories all articles with unsourced statementsarticles with unsourced statements from november 2015 navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 10 july 2016 at 06 36 . text is available under the creative commons attribution sharealike license ; additional terms may apply . by using this site you agree to the terms of use and privacy policy . wikipedia is a registered trademark of the wikimedia foundation inc. a non profit organization . privacy policy about wikipedia disclaimers contact wikipedia developers cookie statement mobile view