Manoj Modi is a senior executive of Reliance Industries, one of India’s largest conglomerates, know his 2023 net worth
Manoj Modi is a name that has recently been in the news, and for good reason. Over the years, he has become an integral part of the Ambani family, with even the children, Akash, Anant, and Isha Ambani, looking up to him. Manoj Modi is widely regarded as the right-hand man of Mukesh Ambani, the Chairman of Reliance Industries.
Who is Manoj Modi right hand man of Mukesh Ambani: Net worth, Reliance salary, biography, age, family, daughter, son-in-law
Mukesh Ambani is the richest person of India and accordingly he has a big heart too.
He has gifted a house worth ₹1500 crore to one of his employee Mr. Manoj Modi who has worked with him for 40 years.
That's the best way of remuneration for loyalty and association. pic.twitter.com/vLBHD9mX2z
— Neetu Khandelwal (@T_Investor_) April 26, 2023
Manoj Modi holds a significant position within the Reliance Industries group of companies. He is currently the Director of Reliance Jio and Reliance Retail, two of the company’s most important arms. Despite his influential position, he stays away from the limelight and is not active on any social media platforms.
Manoj Modi career
Manoj Modi has been associated with the company since 1980. Over the years, he has taken up various important roles in the company, including the Director of Reliance Jio and Reliance Retail. Manoj Modi is also known to be a mentor to the children of the Ambani family and is highly respected by them.
The house he received is located in Mumbai’s most posh area. The 22-storey building is situated in Mumbai’s Nepean Sea Road. Sajjan Jindal, the chairman of JSW Group, is his neighbour and the total area of the building is 1.7 lakh square feet. The land rates of the area touch up to Rs 70,600 per square feet and Modi’s elder son-in-law Rajiv Poddar is an industrialist himself.
Manoj Hiravanjan Modi is a Director at Reliance Retail and Reliance Jio and is 55 years old. He is known for helping Ambani crack some gigantic deals.
The building he got from Mukesh Ambani has 22 floors. The first two floors are reserved for Modi’s family and the 16th, 17th and 18 floors are for his elder daughter Khushboo Poddar and her family who is married to Rajiv Poddar, the joint managing director of Balkrishna Industries Limited. His father Arvind and mother Vijayalakshmi Poddar are the owners of the company and he has studied from Kingston University.
His company manufactures tyres for agriculture equipment and the net worth of the family is a whopping Rs 22,900 crore. Manoj’s salary at Reliance isn’t known.
Before becoming the managing director, he spent a lot of time in the production plants of the business to learn its ropes. He loves sports. He also provides sponsorships to sports teams. They sponsor events like Rugby World Cup France (2023), Monster Jam, and LaLiga.
Recently, Mukesh Ambani gifted him a house worth Rs 1500 crore as a token of appreciation for his years of dedicated service to the company and the family.
Manoj has been working for Reliance Industries for decades and has now become an indispensable part of the company. He is known to be the closest employee of Mukesh Ambani and has been with the company since its inception. According to reports, he is Mukesh Ambani’s go-to person for anything and everything.
Mukesh Ambani’s gift to Manoj Modi
Mukesh Ambani recently made headlines when he gifted Manoj Modi a house worth Rs 1500 crore in Mumbai. The house, called Vrindavan, is spread over 22 floors in the posh area of Nepean Sea Road in Mumbai. This gift is seen as a token of appreciation for the years of dedicated service that Manoj Modi has provided to the company and the Ambani family.
The fact that Mukesh Ambani’s children also hold Manoj in high regard adds weight to his contribution to the family and the company.