Meet Mukesh Ambani’s ‘right hand’, mastermind behind Rs 489080000000 deal, once received Rs 1500 crore gift from Ambani, his name is…, works as…
Mukesh Ambani, Asia’s richest man and the chairman of India’s largest company, Reliance Industries, is a powerful player not just in India but around the globe. As Mukesh Ambani continues to build a sprawling business empire, there is one individual who quietly has initiated behind-the-scenes work for every big deal. He is often referred to as Mukesh Ambani’s right-hand man. He is always referred to as MM.
Who is Mukesh Ambani’s ‘right hand’, mastermind behind Rs 489080000000 crore deal?
His name is Manoj Modi, often referred to as the strategic mind behind many of Reliance’s landmark decisions. Manoj Modi, considered by many to be one of Mukesh Ambani’s closest associates, has been a friend of Ambani’s since their undergraduate years. In their university days, both Modi and Ambani studied together at the University Department of Chemical Technology (UDCT) in Mumbai and received their bachelor’s degrees in Chemical Engineering, reported AajTak. Interestingly, their entry into the Reliance Group was at roughly the same time as well. It is reported that Modi entered Reliance in 1980, and Mukesh Ambani started taking an active role in his father’s business in 1981.
Who is Manoj Modi, and he works in Reliance as…?
Manoj Modi hails from a Gujarati family and maintains a private life. He is married and has two daughters. Not much personal information is available about his family, as he prefers to stay away from the media attention.
How did Manoj Modi become a key figure in India’s biggest business empire?
Manoj Modi is commonly referred to as “MM” among the Reliance group. He started working for Reliance under Dhirubhai Ambani and has since worked very closely with Mukesh Ambani, and even with Mukesh Ambani’s children: Isha Ambani, Akash Ambani, and Anant Ambani. This means that Manoj Modi has been heavily involved with all three generations of the Ambani family. Even though he is a major player within the group, very few people outside of the business world know his name because he comes off as aloof from fame. He does not use any social media and he is not very visible in the public eye, which is strange in today’s world.
Often referred to as Mukesh Ambani’s right-hand man, Manoj Modi, is one of the most powerful people in the Reliance Group. If media reports are to be believed, he is the Director of Reliance Retail and Reliance Jio. Mukesh Ambani places all his trust in Manoj Modi with respect to making serious business decisions.
Why is Manoj Modi considered Mukesh Ambani’s most trusted confidant and key advisor?
Manoj Modi is considered to be the most trusted aide of Mukesh Ambani. One of his most significant accomplishments took place in 2020 when he helped facilitate a historic deal with Facebook, which brought USD 5.7 billion (around Rs 48,908 crore in today’s valuation) into Jio Platforms. This was not just a financial triumph but also provided the impetus for a series of global investments. Harnessing this energy, Jio Platforms went on to raise more than USD 13 billion from some of the best investors across the globe, enhancing its global visibility and financial strength.
Mukesh Ambani gifted Manoj Modi an extravagant apartment in a 22-storey tower located at Mumbai’s super-luxurious Nepean Sea Road, one of the most premium neighborhoods of the city. The luxury building, priced near Rs 1,500 crore, is more than 1.7 lakh sq. ft. with 8,000 sq. ft. floor plates. It is a gift, but it also represents the strong trust and relationship Ambani has with Modi, his long-time associate and aide.
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