Today, in this write-up, I will share the story of one of India’s most renowned businessmen, Samir Modi who has founded multiple businesses and made them successful, in this Samir Modi biography, I will share his life story from the beginning that we too can learn some life lessons from his journey together.
So let’s start Colorbar Founder & MD Samir Modi success story and unveil the major chapters of Indian business tycoon life.
Samir Modi Biography
Samir Modi was born on 15 December 1969 in India. He belongs to a business family and thus has excellent business genes. He is the founder of multiple successful businesses which proves him as a great entrepreneur. He is a serial entrepreneur with a big heart, you will get to know about this later when I will tell you tales of his philanthropy.
Samir Modi is the founder and Managing Director of Colorbar Cosmetics which is one of India’s most popular and top cosmetics brands. Apart from that Samir Modi is the MD of Modi Enterprises, Founder of Modicare Ltd, 24SevenIn, and Modicare Foundation. As of this year, Samir Modi age is 54 years with immense success in front of him.
| Full Name | Samir Modi |
| Date of Birth | 15 December 1969 |
| Age | 54 Years (As of 2024) |
| Birthplace | India |
| Residence | India |
| Father’s Name | K K Modi |
| Mother’s Name | Bina Modi |
| Wife’s Name | Shivani Modi |
| Daughter’s Names | Jayati & Vedika |
| Sister’s Name | Charu Modi |
| Brother’s Name | Lalit Modi (IPL Founder) |
| School Name | The Doon School, Dehradun |
| Qualification | MBA |
| College Name | Graduation – Hindu College (DU), MBA – Harvard Business School |
| Occupation | Entrepreneur |
| Business Name | Colorbar Cosmetics, Modicare Limited, 24Sevenin, Modicare Foundation |
| Current Position | Founder & MD |
| Net Worth | $ 27 Million |
Samir Modi Education
Samir was born in India and raised in India, thus he also completed his early education in India. He attended The Doon School, Dehradun for his schooling which was an all-boys boarding school from 1981 to 1988. After completing his schooling in Dehradun, he then attended Hindu College, Delhi University to pursue his graduation.
In June 2004, he enrolled himself in the Harvard Business School Executive Education to pursue his Master of Business Administration which he completed in November 2006.
Samir Modi Family
In the Samir Modi family, there are his parents, wife, and children. Samir is the younger son of K K Modi and his mother’s name is Bina Modi. Samir’s grandfather was Gujarmal Modi and he was the founder of Modi Enterprises established in 1933. His elder sister’s name is Charu Modi and she is the CEO of Modi Academic International Institute, his brother’s name is Lalit Modi who founded the Indian Premiere League (IPL) in 2008.
Samir Modi wife’s name is Shivani (daughter of Delton Cables founder Shri Ram Kumar Gupta). The couple has 2 daughters named Jayati and Vedika.
Samir Modi Career
Samir started his career as an Executive Director at Godfrey Phillips India Ltd in April 1989 and is still associated with the company. He also worked as a Brand Manager at Philip Morris International, joined in May 1992, and worked till December 1996.
In March 1996, Samir Modi founded Modicare as a network marketing firm with 21 products and 300 distributors. With time, Samir realized the market size and need for qualitative cum affordable cosmetics products, then he took over the market and launched Colorbar in 2003.
He keeps repositioning the brand with time and now, Samir Modi Colorbar is one of the top cosmetics brands in India. Currently, Samir serves the company as the founder and Managing Director.
After that, in 2005, Samir launched his other venture named 24SevenIn which is a 24-hour retail store chain established to provide all the necessary products for daily and general use in one place but at any time. Samir is the founder and President of 24SevenIn.
Apart from all this, Samir Modi is also the Managing Director of Modi Enterprises which was founded by his grandfather Gujarmal Modi in 1933.
Samir Modi Net Worth
The estimated Samir Modi net worth is approximately $27 million and possibly more than that. Samir has multiple sources of earnings as he is associated with multiple businesses at high-level positions. He is an inspiration for our upcoming generations.
Want To Know: Which are the Top 10 Cosmetics Brands In India [2024]
Samir Modi Philanthropy
In 1996, Samir established the Modicare Foundation to spread awareness regarding HIV/AIDS and erase the myths and taboos surrounding this disease. For that, he also published a book in 2002 titled The Positive Side. His intention behind it was to promote AIDS awareness, he also shared some real-life experiences of AIDS patients and their battle with this disease.
Samir Modi Social Media
In this Colorbar founder & MD Samir Modi biography, I have shared all the details about this amazing entrepreneur and you might be interested in following him as he is available on various social media platforms including Instagram, Twitter, LinkedIn, etc. where you can follow him and can stay connected with him.
Samir Modi Instagram username is @samirmodi and he has more than 70.7K followers, his Twitter handle name is @samirmodi and he has more than 6,122 Followers on Twitter, his LinkedIn username is Samir K Modi and he has more than 13,224 followers and 500+ connections.
Must Read: Vinita Jain Biography – Inspiring Success Story Of Biotique Founder
Samir Modi Awards
Here we have learned about Samir Modi Colorbar’s founder’s contribution to the cosmetics industry as well as others and for that, he has been honored with several awards and titles, so here I am sharing the list of Samir Modi awards below.
- Star retailer awards in 2011 for Colorbar
- Product of the Year for Salon brand in 2012 for Modicare Ltd
- Planman Media Awards in 2012 for Colorbar
- Beauty wellness Award for most admired beauty chain in 2013 for Colorbar
- Master Brand Award in 2014 for Modicare Ltd
- Coco-cola Golden Spoon Award in 2014, 2015, & 2016 for 24Sevenin
- Star Leadership Award for retail excellence in 2015 for Colorbar
- Power Brands Rising Star of the Year in 2015 for Modicare Ltd
- Innovative retail design of the year in 2018 for 24Sevenin
- Retail Icon of the Year in 2019 for Colorbar
- Emerging Business Leader of the Year in 2019 for Modi Enterprises
Read Also: Darpan Sanghvi Biography – MyGlamm Founder Success Story & 7 Interesting Facts
Interesting Facts About Samir Modi
In this Sami Modi biography, I have shared all the details about the entrepreneur and thus you must have read up on these facts about Samir Modi. Here I am sharing some interesting and lesser-known facts about Samir Modi Colorbar founder.
- Samir won the Gold Medal in the State Boxing Championship in Delhi.
- He is serving Modi Enterprises as the Managing Director which was founded by his grandfather Gujarmal Modi in 1933.
- Modicare was established as a network-marketing arm in 1996.
- In 2003, Samir founded Colorbar which is now, one of the Top 3 cosmetics brands in India.
- Samir Modi Colorbar is an Indian brand, most of its products are manufactured in France, Germany, Italy, Korea & the United States of America.
- Samir Modi established Modi Foundation in 1996 to spread awareness regarding AIDS/HIV and break the taboos around the disease.
- He also published a book titled The Positive Side which also contains the real stories of HIV patients and their war with the disease.
Must Read: Mira Kulkarni Biography – Forest Essentials Success Story & 11 Interesting Facts
Final Words
Through this Colorbar founder & MD Samir Modi biography, we have learned that whatever chance you get in your life, you should have grab it. He is the founder of multiple businesses which he made successful as well. There is a lot to learn from this amazing entrepreneurial personality.
In this Samir Modi biography, I have shared all the details about the entrepreneur with you including Samir Modi birthday, Samir Modi age, Samir Modi education, Samir Modi career, Samir Modi family, Samir Modi wife, Samir Modi children, Samir Modi businesses, Samir Modi Colorbar Cosmetics, Samir Modi net worth, Samir Modi Philanthropy, Samir Modi awards, some facts about Samir Modi, etc.
Hope this Colorbar fouder & MD Samir Modi success story was inspirational for you and the content I have provided was also useful and informative enough for you. Thanks for reading.
Want To Read: The Biographies of your favorite Entrepreneurs.
FAQs
Who is Samir Modi?
Samir Modi is the founder and Managing Director of Colorbar Cosmetics, Modicare Limited, 24Sevenin, Modicare Foundation, etc. He also serves Modi Enterprises as the Managing Director which was founded by his grandfather Gujarmal Modi in 1933.
What is Samir Modi age?
Colorbar fouder & MD Samir Modi age is 54 years. He was born on 15 December 1969.
What companies does Samir Modi own?
Colorbar Cosmetics, Modicare Limited, 24Sevenin, Modicare Foundation, etc are the companies owned by Samir Modi.
Who is the CEO of Modi Enterprises?
Rajinder Malhotra is the Chief Executive Officer of Modi Enterprises.
Who is the owner of 24 seven company?
24Sevenin was established and nurtured by Samir Modi (Colorbar founder as well) in 2005, a 24-hour retail store chain to provide all the necessary products for daily and general use in one place but at any time.
How many 24 7 stores are there in India?
More than 100 stores of 24sevenin are opened in India at different locations but majorly in north India.
