“In fact, people internally know that I don’t even have a vision.” He described his role, saying, “I deal with our internal people, coaching them, mentoring them and guiding them on how something can be done.”īut then came a hint of his thinking: “Our principle at Reliance is very simple: Unless everyone makes money while working with us, you cannot have a sustainable business.” “I don’t understand strategy,” he went on. At Kola’s conference, he downplayed his skills. and the group’s telecom carrier Reliance Jio Infocomm Ltd. Modi is a director at Reliance Retail Ltd. “It’s not a company that advertises its organizational structure but the industry knows that Ambani and Modi are a strongly-bonded team - and together drive deal negotiation and relentless execution to the last level of detail,” said Vani Kola, managing director of venture capital firm, Kalaari Capital Partners, who persuaded Modi to make a rare public appearance at a conference last year, albeit by video.Ī Reliance spokesperson didn’t respond to a request for comments from the company and Modi.Īlso read: Mukesh Ambani vs Sunil Mittal – the telecom war is back Yet he illustrates how lesser known personalities in India with long-running ties to corporate dynasties can have an outsized impact. The sixty-something, diminutive Modi rarely gives interviews and there’s little in the public realm about his private life. Facebook’s investment in the group’s Jio Platforms was followed by similar deals from a slew of private-equity funds, injecting $13 billion into the business and placing it firmly on Silicon Valley’s radar. in April, backing Ambani and his children as they hashed out an agreement with the social networking giant, people familiar with the matter said.Īs Ambani, 63, shifts his sprawling conglomerate’s focus from petrochemicals to internet technologies, Modi is seen as a particularly influential voice. He played a key role during negotiations for a $5.7 billion deal with Facebook Inc. Reserved and mostly invisible to the public, Modi is viewed by many insiders and others in India’s business world as the right hand of billionaire Mukesh Ambani. But in the halls of Reliance Industries Ltd., Manoj Modi has quietly become one of the most powerful forces behind the corporate empire of Asia’s richest man. Bengaluru/Mumbai: He has no flashy titles and few outside India know his name.
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