Manoj Harivanjan Modi, a key figure within Reliance Industries, has long been considered a close confidant of Mukesh Ambani, the wealthiest individual in Asia. Hailing from a Gujarati family, Modi’s significance within the company is underscored by his involvement in pivotal decisions and major deals.
Career Trajectory:
Modi’s association with Reliance dates back to the early 1980s when he assumed a leadership role within the company, initially under the guidance of Mukesh Ambani’s father, Dhirubhai Ambani. Over the years, he has worked alongside all three generations of the Ambani family, demonstrating his enduring influence and strategic importance.
Role and Contributions:
Currently serving as a Director at Reliance Retail and Reliance Jio, Modi has played a crucial role in steering the company through significant initiatives and landmark ventures. Notably, he spearheaded the historic Rs 43,000 crore deal between Reliance Jio and Facebook in April 2020, a transaction pivotal in Reliance’s journey towards becoming debt-free.
Net Worth and Assets:
Despite his influential position, Modi maintains a low profile, with limited public information available regarding his personal wealth and assets.
Alleged Gift from Mukesh Ambani:
Reports surfaced in 2022 suggesting that Mukesh Ambani had bestowed upon Modi a lavish 22-storey building named ‘Vrindavan’ in South Mumbai, purportedly valued at Rs 1,500 crore. Located in the upscale vicinity of Nepean Sea Road, the opulent residence boasts luxurious furnishings sourced from Italy and enjoys panoramic views of the sea.
Verification and Official Statements:
While these claims remain unsubstantiated by official sources, purported confirmation from a senior Reliance official, speaking on condition of anonymity, adds credence to the reports. However, neither the Ambani family nor Reliance has issued an official statement regarding this matter.
Conclusion:
Manoj Modi’s pivotal role within Reliance Industries, coupled with his close association with Mukesh Ambani, underscores his significance within India’s corporate landscape. Despite his preference for privacy, his contributions and alleged gestures of appreciation from Ambani serve as testaments to his enduring influence and loyalty.
