The new house of Manoj Modi (an employee of Reliance) is a standing testament to Manoj Modi, who has worked for Mukesh Ambani for many years, and recently received a 22-story skyscraper. The house is from the business magnate Mukesh Ambani, the wealthiest businessman in India and the Chairman and Managing Director of Reliance.
You may find this residence in a famous neighbourhood in Mumbai, India. The story quickly spread throughout the internet, and when it did, everyone was startled. They asked Mukesh Ambani why he had given such an expensive gift. The answers to all of these issues are to be found in faithfulness, honesty, and effort.
Please read the blog to find out everything there is to know about the new house that Manoj Modi has purchased, as well as more information about Manoj Modi himself and the backstory of the friendship he shares with Mukesh.
Manoj Modi House Address
On Nepean Sea Road, in one of the most exclusive neighborhoods in Mumbai, stands a structure that was just converted into Manoj Modi’s new home. In addition to being the chairman and managing Director of the JSW Group, Sajjan Jindal resides in the Maheshwari mansion on the Nepean Sea road.
Near Malabar Hill, in South Mumbai, you’ll find an exclusive neighborhood called Nepean Sea Road. The region is well-known for the availability of world-class amenities as well as the social infrastructure and abundant open space that it provides. The location’s name alludes to the fact that it is bordered on all three sides by the ocean.
Who is Manoj Modi at Reliance?
Manoj Harivanjan Modi is a successful entrepreneur who is 55 years old and was born into a Gujarati family. He is not connected to Prime Minister Narendra Modi in any manner, yet he currently holds the Director position at Reliance Retail and Reliance Jio. The business magnate Mukesh Ambani relies heavily on this devoted worker as his right-hand man.
He is largely unknown to the general public. However, his name is relatively well known in some circles outside the country because he has been the driving force behind many successful business transactions.
Mukesh Ambani and Manoj Modi attended the same college many years ago, where their friendship began. Mukesh and Manoj received their engineering degrees from the University of Bombay, where they studied together (now the University of Mumbai). Both of these successful entrepreneurs have bachelor’s degrees in chemical engineering.
In 1980, Manoj Modi became a Reliance Industries Limited (RIL) workforce member. Since that time, he has collaborated with three generations of the Ambani family: first with Dhirubhai Ambani, then with Mukesh and Nita Ambani, and most recently with the Ambanis’ children, Isha Ambani, Akash Ambani, and Anant Ambani. Manoj Modi, commonly referred to as MM within RIL’s halls and offices, was promoted to Director in 2007.
He has been involved with various large-scale projects for Reliance, including the Hazira petrochemical complex, the Jamnagar refinery, the first telecom business, Reliance Retail, and developing the 4G network.
The New House of Manoj Modi
Manoj Modi, the most crucial figure in Reliance, was presented with a skyscraper with 22 stories as a gift. The family decided to call their new home Vrindavan. MM and his family consist of his wife, two daughters, and their respective partners’ husbands.
The longtime employee of RIL has not moved into the new residence yet. Designers are now working on the blueprints for the house. We go deeper into the specifics of this opulent home that belongs to Manoj Modi.
Manoj Modi Family
Because Manoj Modi is very private, he does not have a profile on any social networking platform, including Instagram, Twitter, or Linkedin. MM’s family comprises his wife, their two daughters, and themselves. There is not a lot of information available regarding his family.
Designers of the New Manoj Modi House
Leighton India Contractors Private Limited built Manoj Modi’s Vrindavan home. This construction company provides commercial and residential building services. Leighton India Contractors Private Limited was responsible for the construction of the house. Talati & Partners LLP, a company that has been in business for more than 50 years, is responsible for the home’s interior design.
The majority of the home’s furnishings come from Italy. Nita Ambani and Mukesh Ambani have handpicked some one-of-a-kind pieces for the house they have generously given away. This was done so that the house would have a more personal feel.
Floor Wise Plan of Manoj Modi House
There are 22 stories in the building, and floors 19 through 21 have been transformed into a penthouse reserved for Manoj Modi’s family members. This penthouse would be occupied by MM, his wife, and their two children. It has been decided that Modi’s oldest daughter Khushboo Poddar and her family will occupy the building’s 16th, 17th, and 18th floors.
Her spouse, Rajiv Poddar, her father-in-law Arvind and mother-in-law Vijayalakshmi Poddar are all her family members. Balkrishna Industries Limited is owned by members of the Poddar family, who are also Manoj Modi’s daughter’s in-laws (BKT)
The 11th, 12th, and 13th floors belong to Manoj Modi’s younger daughter, Bhakti Modi, and are named after her. It has come to our attention through reputable channels that Bhakti Modi works in the design industry. Isha Ambani, the younger daughter of MM Ambani, holds the position of Director, Reliance Jio and Reliance Retail. MM Ambani’s more youthful daughter works at Reliance Retail.
Interesting Fact about Manoj Modi
The marriage of Bhakti Modi, the younger daughter of Manoj Modi, to Tejas Goenka was celebrated with a reception thrown by Mukesh Ambani and his wife, Neeta Ambani. The event also included breathtaking performances by Sonakshi Sinha and Sophie Choudry and a fashion show that Manish Malhotra directed. In addition, the Kapoors were present during the event.
Manoj Modi is a man who puts in a lot of effort, and he has established his worth at Reliance Industries Limited for a significant amount of time. Because this individual is dedicated to his work and gives it his all, he has settled on the fourteenth level of the building to create a home office for himself.
Jio Strategic Alliances with Facebook
It was announced in April this year that Jio Platforms had made a massive deal with Facebook, selling 9.99% of its interest for 43,000 crores. Business Today may have been correct in attributing the initiative for this agreement to Akash Ambani. Still, credit must also be given to Modi for his part in negotiating the terms and conditions with Facebook.
Manoj Modi and Akash Ambani have worked closely together on Jio Platforms’ deals, alongside Isha and Mukesh Ambani. Bloomberg reports that in the previous two months, Jio Platforms has brought in almost 98,000 crores, and it’s safe to assume that Modi has played a significant role in practically every contract.
Medical Facility at Manoj Modi House
On the fifteenth story of the structure, the Manoj Modi home will feature a medical facility for its residents’ usage. In addition, the family has decided to establish an intensive care unit (ICU). On the same floor as the meditation room is the Pooja room.
The Infinity Pool
An infinity pool, which gives the impression of looking out over the Arabian Sea, has been constructed on the rooftop terrace of the Manoj Modi house.
Entertainment at MM’s House
The skyscraper’s eighth, ninth, and tenth levels are set aside as the venue for various forms of entertainment. These levels are equipped with all of the facilities, including a gymnasium, a spa, a theatre, and formal conference places, among other things. A seating capacity of fifty persons is available in a theatre.
Parking Space in Manoj Modi House
Car parking is located on the ground floor and the first seven storeys of the building. Manoj Modi appears to have a sizable collection of vehicles at his disposal. It would appear that Vrindavan (MM Abode) is on par with Antilia regarding power.
Staff at Manoj Modi House
The new Manoj Modi residence will provide work chances for many people. Approximately 175 employees will be employed there, including a cook, butler, manager, security guards, house helo, and other similar positions.
High-tech security systems, the likes of which were devised by a company located in Israel and placed in Modi to ensure his safety, have been deployed. Living in this property has several challenges, one of the most significant being safety concerns.
Manoj Modi’s Net Worth
It is unknown to the general public what Manoj Modi makes for a living or what his net worth is. However, we can say that he must earn a good salary because he is a director at RIL. More importantly, he is the right hand of Mukesh Ambani, whose net worth is USD 9,650 crores. In other words, we can say that he must be earning a good salary because he is the right hand of Mukesh Ambani.
Manoj Modi Reliance Achievements
His modest demeanor and abilities as a negotiator have earned him a well-deserved reputation. He has been instrumental in bringing in new business for Reliance Industries Limited on multiple occasions (RIL). Even though India was on lockdown because of the Coronavirus, news of Reliance Jio’s reaching a contract with Facebook worth USD 5.7 billion was making headlines.
The prominent people who worked on this deal were Akash Ambani, the son of Mukesh Ambani, Manoj Modi, Anshuman Thakur, who is in charge of strategy at Jio, and Pankaj Pawar, who is the group president of the supply chain.
Following Facebook’s acquisition of a 99.9% ownership in Reliance Jio, a growing number of investors, including Silverlake, Vista, General Atlantic, KKR, Mubadala, Adia, and TPG and L Catterton, expressed interest in the company. The total value of these investments was Rs. 102,432,15 crore.
The man who serves as Ambani’s right hand is rarely seen in public, but he is the one who directs the action from behind the scenes. In his presence, the most crucial decisions are made, and it is well-known that he can make complicated agreements work.
Manoj Modi made these comments in one of the few interviews he has granted (he does not usually give interviews). “I don’t understand strategy. People within the company are aware of the fact that I do not even have a vision. I am in charge of dealing with our internal staff members, coaching, mentoring, and advising them. I instruct then on how certain tasks should be carried out.”
Manoj Modi was the driving force behind the sale of Air Deccan to Reliance in 2010. The year that this transaction took place. The founder of Air Deccan, G.R. Gopinath, is quoted as saying, “His power in the organization comes not only from the fact that he is dedicated to Reliance Industries, but also from the very intelligent, sharp, and capable negotiating skills he possesses on behalf of the company.
Significantly, he does not possess a formal education from any colleges in the Ivy League. Rather, he possesses a keen mind, rare insight, and inherent genius. This allowed him to understand current technologies in the context of India.”
Manoj Modi House Manoj Modi is now the proud owner of a 22-story building valued at Rs 1500 crore. Thanks to his unwavering devotion and integrity. It was a present from Mukesh Ambani, the owner of Reliance. The one is widely regarded as one of the most successful and wealthy businesspeople on the planet. The residence owned by Manoj Modi is on par with Antilia, Mukesh Ambani’s long-awaited dream home.