Mukesh Ambani, who is currently ranked eleventh on Forbes’ richest list with a net worth of $113.6 billion (approximately Rs 9,43,091 crore), is the wealthiest business magnate in India. He is the Chairman of Reliance Industries Limited (RIL), one of the largest conglomerates in the country, with business interests in various sectors such as telecommunication, petrochemicals, retail, refinery, and more. However, managing such a massive business is not an easy task, so in 2007, Mukesh Ambani appointed his close friend, business associate, and one of the longest-serving employees at RIL, Manoj Modi, as Director at Reliance Retail and Reliance Jio. Over the years, Manoj Modi has facilitated many multi-million deals, including the one between Facebook and Reliance in 2020, when the former paid a huge amount of Rs 43,574 crore to buy a 9.99% stake in Reliance Jio.
Meet the Indian businessman, who is married to Mukesh Ambani right hand man’s daughter, family has a net worth of Rs 30223 Crore
Mukesh Ambani is closely associated with the Poddar family, whose estimated net worth is over Rs 30,223 crore. It is not widely known, but Manoj Modi’s daughter is married to Rajiv Poddar, the Joint Managing Director of Balkrishna Industries Limited (BKT Tires). The company specializes in producing tires and various types of equipment for vehicles used in agriculture, mining, and construction. Established in 1951, Balkrishna Industries initially operated in the textile market, but in 1963, it began producing bicycle tires. Its success in this area encouraged them to enter the off-highway tire market in the mid-’90s.
Rajiv Poddar’s father Arvind Poddar is ranked 59th on Forbes‘ richest list. The father-son duo prefers to stay away from the limelight. However, they have been making significant progress in the business world, launching a new factory in Maharashtra in 2021 to expand their business in the western region.
Rajiv Poddar’s wife, Bhakti Modi, also holds the position of Joint Managing Director at Balkrishna Industries Limited (BKT Tires). According to an Economic Times report, Bhakti Modi is the co-founder of Tira, an omni-channel platform for beauty products that was launched in April 2023. In 2022, she was also appointed as a director at Reliance Brands, a division that oversees global brands in the country.
Mukesh Ambani and Manoj Modi have been close friends since their college days. In 2023, Mukesh Ambani gifted a 22-storey building worth Rs 1,500 crore to Manoj Modi. The building, called Vrindavan, is located on Nepean Sea Road. The first seven floors are reserved for car parking while the other floors are spread across 8,000 square feet.
