The company formed by Lalit Modi’s grandfather was the 7th largest business group in the country in 1976.

Highlights

Modi Group was founded by Lalit Modi’s grandfather Gujarmal Modi.
Modinagar city was founded by Lalit Modi’s grandfather
Lalit Modi fled the country in 2010

New Delhi. Indian businessman Lalit Modi, who gave the gift of IPL to Indian cricket, is in the headlines these days. Actually, the news of Lalit Modi and actress Sushmita Sen’s dating has once again started discussing Lalit Modi. But do you know that Lalit Modi comes from a business family whose grandfather Gujarmal Modi had settled the city of Modinagar.

Modinagar city was founded by Lalit Modi’s grandfather
Gujarmal Modi, who is called the father of the Modi group, had founded the Modi group. Gujarmal Modi had established the city of Modinagar near Meerut. One of his 8 children was Lalit Modi’s father KK Modi. Lalit Modi’s grandfather started the business with the establishment of a sugar mill along with his brother Kedarnath Modi. It is said that Gujarmal Modi had opposed him a lot during the British era and had even thrown him out of his village.

In 1976, the country’s 7th largest business group was
Gujarmal formed India’s seventh largest conglomerate with assets of Rs 900 crore and annual sales of Rs 1,600 crore before he passed away on 22 January 1976.

Lalit Modi is the President of Modi Enterprises
These days Lalit is the President of Modi’s Modi Enterprises. His official Twitter handle, his website LalitModi.com, and his Facebook page have also identified himself as the President of Modi Enterprises.

Also read- Sushmita Sen Lalit Modi: Did Lalit Modi marry Sushmita Sen? Told wife first by tweeting, then said – dating

Lalit Modi fled the country in 2010
Let us tell you that he fled the country in 2010 after being accused of money laundering. Presently he is living in London. Lalit Modi is currently absconding in a money laundering case and the Indian government has declared him a fugitive. In 2010, he was suspended for IPL rigging. Along with this, he was also suspended from BCCI.

Tags: BCCI, Indian Premier League, IPL, Lalit modi, sushmita sen

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