Dr. Bina Modi has disrupted the business world ever since she broke the glass ceiling to start her first ever business venture at the age of 40. Even today, with a professional journey spanning over thirty decades, Dr. Modi continues to defy societal prejudices. She chairs the illustrious and diverse Modi Enterprises – KK Modi Group. As the Chairperson and Managing Director of the Group’s publicly listed flagship company, Godfrey Phillips India, she is among the handful of women chairpersons leading a Fortune 500 India company.
Penning the Group’s Growth Story
Under her fearless leadership, all businesses of the Group have registered double-digit growth. Dr. Modi is committed to excellence, driven by innovation and a legacy of caring for people. This unique combination of characteristics has become a proven catalyst for growth for the Group and delivers great value to all its stakeholders.
The Group’s FMCG giant, Godfrey Phillips India, has witnessed a record-breaking growth this year. Since Dr. Modi took over reigns of the company in 2019, the top line of Godfrey Phillips India (consolidated) grew at a CAGR of 13% and the Profit Before Tax grew at 20% CAGR in FY 19 to FY 23. Similarly, for Indofil Industries Limited, the Profit Before Tax grew at CAGR of 10% from FY 19 to FY 23 and during the same period, the short- and long-term bank borrowing of Indofil reduced by 58%. It is a tremendous achievement towards making the Company totally debt free.
KPIs for Success
This story is from the July 2023 edition of Outlook Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the July 2023 edition of Outlook Business.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 8,500+ magazines and newspapers.
Already a subscriber? Sign In
DEMAND DRAFT
A new government, a new beginning. However, for industry leaders, it is a time of uncertainty as they wait and watch what policies the new dispensation will enact.
REBEL'S GUIDE TO SUCCESS WITH FOOD
Having started its journey in 2004 as a quickservice restaurant under the brand name Faasos, Rebel Foods, now a unicorn, aims to expand its footprint. Jaydeep Barman, co-founder of Rebel Foods, talks to Vinita Bhatia about the company’s growth plans, focusing on Tier-II and -III cities, licensing as a strategy and more. Edited excerpts:
NATURE BECKONS
When not busy at work, Naivedya Agarwal, co-founder and CEO of manufacturing start-up Runaya, indulges in activities that keep him close to nature, like wildlife photography, safaris, flying and holidays at beaches and the hills
Combining Minimalism and Material Responsibility for Timeless Furniture Pieces
Leading Furniture Industry with Inspiring Innovation, Sustainability, Customization, and Collaboration. EK Designs creates designs with honesty and transparency upholding the strict quality norms.
Participation Over Dictation Leads to Excellence: Girish Avansta
Accellor's innovative Al-backed designs are a result of the whole-hearted participation of every employee
Leading the Charge in Digital Transformation by Pioneering the Future of Enterprise Automation
Areteans is Revolutionizing Business Automation and AI Integration
Recognizing MSME Excellence and Charting the Future: Insights from Outlook Business Spotlight Awards 2024
MSMEs are the \"unsung heroes who keep our industries humming and our dreams soaring.
"Sustainability is an Essential Component of Lubrizol's Corporate DNA"
Bhavana Bindra, Lubrizol's dynamic Managing Director, shares her views on sustainable growth and Lubrizol's impact in India.
Modernizing Mobility: India's Need For A Smarter And Sustainable Passenger Transportation Solution
India is at the forefront of a transformative wave of urbanisation. To combat climate change and urban pollution, upgrading infrastructure and embracing sustainable mobility, particularly in efficient mass transportation systems is an imperative.
Bank Imbalance
As investors turn to more lucrative options, banks in India are seeing sluggish growth in deposits. With a limited arsenal to compete with high returns available elsewhere, they are struggling to balance deposits with the amount of loans they are handing out