Full name | Manoj Harjivandas Modi |
Profession | Corporate Executive |
Known For | Being gifted a 22-storey building worth Rs. 1500 crores from Indian business tycoon Mukesh Ambani |
Physical Stats & More |
Height (approx.) | in centimeters- 168 cm in meters- 1.68 m in feet & inches- 5’ 6” |
Eye Colour | Black |
Hair Colour | Salt & Pepper |
Career |
Awards & Honours | Rashtriya Samman Patra by the Income Tax department for being one of the highest individual taxpayers |
Personal Life |
Date of Birth | 3 July 1957 (Wednesday) |
Age (as of 2022) | 65 Years |
Zodiac sign | Cancer |
Nationality | Indian |
College/University | University Department of Chemical Technology, Bombay (now Institute of Chemical Technology, Mumbai) |
Educational Qualification | Bachelor’s degree in chemical engineering from University Department of Chemical Technology, Bombay |
Addresses | • 10A/B, Sudhakar Co-Operative Housing Society, 26, Narayan Dabholkar Road, Mumbai – 400006, Maharashtra • Flat No. 7, BEST Apartments, Walkeshwar, Mumbai – 400006 |
Controversy | Insider Trading Allegations Against Modis: In 2007, Manoj Modi and his wife Smita Modi faced accusations of insider trading involving the Indian Petrochemicals Corporation Ltd. (IPCL). They were alleged to have purchased 100,000 IPCL shares for Rs. 257.82 lakhs at an average price of Rs 257.82 per share between 28 February 2007 and 2 March 2007, which was regarded as trading based on undisclosed price-sensitive information. The Securities and Exchange Board of India (SEBI) conducted a thorough investigation, noting that although the announcement of an interim dividend led to a decrease in IPCL shares, the stock experienced a considerable price increase following the announcement of IPCL's amalgamation with Reliance Industries Limited (RIL). Despite these allegations, the Modis asserted that their trades were based on various factors and that Manoj was not involved in RIL or IPCL's decision-making process or daily operations during 2006-07. After examining several reference cases, the adjudication officer determined that the accusations against the Modis as insiders could not be substantiated. Consequently, in 2013, SEBI cleared Manoj Modi and his wife Smita Modi of insider trading allegations. |
Relationships & More |
Marital Status | Married |
Family |
Wife/Spouse | Smita Modi |
Children | Son- None Daughter- 2 • Bhakti Modi (fashion designer and works as Vice President at Reliance Retail Limited’s beauty channel, Tira, in its Strategy Business Development department)
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Parents | Father- Harjivandas Mathuradas Modi |
Money Factor |
Assets/Properties | Reportedly, in 2020, Manoj and his family bought several properties with a combined value of Rs. 192 crore. In January 2022, he acquired an Rs. 48.75 crore property in Malabar Hill, Mumbai. |
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