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Lalit Modi

About Lalit Modi

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Who is Lalit Modi?

Lalit Modi is a fugitive Indian businessman and cricket administrator who founded the Indian Premier League. He is also a former Vice President of the Board of Control for Cricket in India (BCCI) and is currently dating Bollywood actor and Miss Universe 1994 Sushmita Sen. He is the president and managing director of Modi Enterprises and the executive director of Godfrey Phillips India. Life and education Modi was born on November 29, 1963, in Delhi. He hails from one of India's leading business families and is the elder son of Krishan Kumar Modi and his wife, Bina Modi. His grandfather had established the Modi Group business conglomerate and Modinagar town. Modi has studied at Shimla's Bishop Cotton School and St Joseph's College in Nainital. He studied electrical engineering and business administration in the US from 1983-1986. While he attended Pace University in New York for two years and Duke University in North Carolina for one year, he did not graduate from any of these. Modi was arrested in 1985 for charges of conspiracy to traffic cocaine, assault and second-degree kidnapping. He was later suspended for a two-year prison sentence and was placed under five-year probation. He returned to India in 1986 and joined the family business. In October 1991, Modi married Minal Sagrani, the daughter of a Nigeria-based Sindhi Hindu businessman. They moved to Mumbai after marriage. The couple has two children – son Ruchir Modi and daughter Aliya. Minal died in 2018 due to cancer. Modi, in July 2022, announced that he was dating Bollywood actor Sushmita Sen. Career He joined the family business in 1986 after returning to Delhi. In 1987, he joined the International Tobacco Company Limited and served as its president till 1991. In 1989, Modi became Non-Executive and Non-Independent Director at Godfrey Phillips India. In February 1992, he became the executive director of Godfrey Phillips India and served until August 2010. Modi set up Modi Entertainment Networks (MEN) in 1993, but it became unprofitable after a few years. He later became the President and managing director of Modi Enterprises. In 1999, he got elected to the Himachal Pradesh Cricket Association but was later forced to leave the association. He was elected vice-president of the Punjab Cricket Association in 2004 and retained the position till 2008. He became the president of the Rajasthan Cricket Association in 2005, and in the same year, he also became the vice-president of BCCI. He was heavily invested in the commercial side of the BCCI as the association's revenues increased sevenfold, touching the $1 billion mark between 2005 and 2008. He launched the Indian Premier League in 2008. In 2010, he was suspended from BCCI for money laundering, bid rigging, not following proper processes, and bypassing the governing council while taking decisions, among other charges. Modi moved to London soon after he was suspended and expanded his family business in Europe.

Latest Updates on Lalit Modi

The Lok Sabha Secretariat on Friday disqualified Rahul Gandhi as MP from Wayanad in Kerala after the Surat court convicted him in the 2019 criminal defamation case for his 'Modi surname' remark

Updated On: 30 Mar 2023 | 5:36 PM IST

IPL founder and ex-chairman Lalit Modi on Thursday in a series of acerbic tweets lashed out at Rahul Gandhi stating that he will take the Congress leader to court in the United Kingdom over allegation

Updated On: 30 Mar 2023 | 11:25 PM IST

The Supreme Court on Friday refused to pass any order on Lalit Modi made "scurrilous" remarks against former attorney general and senior advocate Mukul Rohatgi in a social media post

Updated On: 27 Jan 2023 | 1:18 PM IST

The ex-IPL commissioner, in his Instagram post, had made some comments about Rohatgi. Later, though another post, he reportedly apologised to the senior advocate

Updated On: 19 Jan 2023 | 2:24 PM IST

In the social media post, Modi said,"In light of what I have gone thru (sic) it's time to retire and move on. And groom my kids. I am handling them all"

Updated On: 15 Jan 2023 | 6:38 PM IST

Former IPL chairman Lalit Modi was admitted to the hospital after a corona infection and pneumonia attack and has been placed on external oxygen support

Updated On: 14 Jan 2023 | 12:24 PM IST

They started something big, different and new. But somewhere down the line, they lost their way, even landed on the wrong side of the law. Here's a look at six high-fliers who fell from grace

Updated On: 12 Aug 2022 | 12:35 PM IST

Lalit Modi shared the news on social media with a series of pictures on Twitter, calling Sushmita Sen his "better half"

Updated On: 14 Jul 2022 | 10:49 PM IST

The former IPL chairman said in another tweet, 'Just for clarity. Not married - just dating each other'

Updated On: 14 Jul 2022 | 10:16 PM IST

In reply to Lok Sabha in 2020, SP Shukla said 72 Indians charged with financial irregularities have been living abroad. The list includes names like Nirav Modi, Mehul Choksi and Lalit Modi

Updated On: 11 Jul 2022 | 11:57 AM IST

Being socially acquainted with London-based Modi, Maag was invited to invest in a first friends and family round of fundraising for USD 2 million

Updated On: 30 Mar 2022 | 10:43 PM IST

A former Indian model-turned-investor, Gurpreet Gill Maag, has filed a legal challenge in the High Court in London seeking damages amounting to millions of dollars from IPL founder Lalit Modi

Updated On: 23 Feb 2022 | 6:35 PM IST

A bench headed by Chief Justice N V Ramana okayed the names of former apex court judges Justices Vikramjit Sen and Kurian Joseph as mediators.

Updated On: 17 Dec 2021 | 2:02 AM IST

The Supreme Court suggested mediation to Lalit Modi and his mother Bina Modi, wife of late industrialist K K Modi, to resolve the long pending property dispute in the family

Updated On: 07 Dec 2021 | 11:03 AM IST

The former IPL chairman on Tuesday made serious allegations against one of the owners of two new teams

Updated On: 27 Oct 2021 | 8:38 AM IST

The London-based founder of the Indian Premier League (IPL), Lalit Modi, is facing an approximately $7-million legal challenge in the High Court in England

Updated On: 15 Aug 2021 | 5:40 PM IST

Lalit Modi contended that after the demise of his father KK Modi a sale of all assets of the trust has been triggered and distribution to beneficiaries has to occur within one year thereof

Updated On: 28 Dec 2020 | 11:33 PM IST

Writes to NSE, BSE again, questioning appointment of Bina Modi as firm's president and MD

Updated On: 12 Nov 2020 | 6:05 AM IST

According to sources, the report of the independent directors on the board has not been circulated among the members ahead of Tuesday's meeting

Updated On: 10 Nov 2020 | 6:05 AM IST

Ruchir points out that his grandmother Bina still runs the company as the president and managing director despite her ouster by public shareholders.

Updated On: 09 Nov 2020 | 12:12 AM IST