Age, Biography and Wiki
Gujarmal Modi was born on 9 August, 1902 in Mahendragarh, Mahendragarh District, Patiala State (now in Haryana, India), is an Indian industrialist and philanthropist. Discover Gujarmal Modi's Biography, Age, Height, Physical Stats, Dating/Affairs, Family and career updates. Learn How rich is he in this year and how he spends money? Also learn how he earned most of networth at the age of 74 years old?
Popular As |
N/A |
Occupation |
Entrepreneur |
Age |
74 years old |
Zodiac Sign |
Leo |
Born |
9 August, 1902 |
Birthday |
9 August |
Birthplace |
Mahendragarh, Mahendragarh District, Patiala State (now in Haryana, India) |
Date of death |
1976 |
Died Place |
Modinagar, Ghaziabad, Uttar Pradesh |
Nationality |
India
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We recommend you to check the complete list of Famous People born on 9 August.
He is a member of famous Entrepreneur with the age 74 years old group.
Gujarmal Modi Height, Weight & Measurements
At 74 years old, Gujarmal Modi height not available right now. We will update Gujarmal Modi's Height, weight, Body Measurements, Eye Color, Hair Color, Shoe & Dress size soon as possible.
Physical Status |
Height |
Not Available |
Weight |
Not Available |
Body Measurements |
Not Available |
Eye Color |
Not Available |
Hair Color |
Not Available |
Who Is Gujarmal Modi's Wife?
His wife is Dayawati Modi
Rajwan Modi
Family |
Parents |
Not Available |
Wife |
Dayawati Modi
Rajwan Modi |
Sibling |
Not Available |
Children |
11, including Krishan Kumar Modi |
Gujarmal Modi Net Worth
His net worth has been growing significantly in 2023-2024. So, how much is Gujarmal Modi worth at the age of 74 years old? Gujarmal Modi’s income source is mostly from being a successful Entrepreneur. He is from India. We have estimated Gujarmal Modi's net worth, money, salary, income, and assets.
Net Worth in 2024 |
$1 Million - $5 Million |
Salary in 2024 |
Under Review |
Net Worth in 2023 |
Pending |
Salary in 2023 |
Under Review |
House |
Not Available |
Cars |
Not Available |
Source of Income |
Entrepreneur |
Gujarmal Modi Social Network
Instagram |
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Twitter |
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Facebook |
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Wikipedia |
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Imdb |
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Timeline
Gujarmal Modi (9 August 1902 – 22 January 1976) was an Indian industrialist and philanthropist, who co-established the Modi Group of companies and the industrial city of Modinagar in 1933, along with his brother Kedar Nath Modi.
A sugar mill in Modinagar marked the beginning of the Modi Group conglomerate, which later diversified into varied fields.
GM Modi established schools and colleges at his birthplace, Mahendragarh, in Patiala and in Modinagar.
He also contributed in the field of higher education by giving grants to established institutions such as Banaras Hindu University, and different colleges in Meerut and other places.
Gujarmal Modi was born as Ram Prasad Modi on 9 August 1902, in Mahendragarh (now in Haryana state) to a Marwari Family.
He was the second child of his father, Multani Mal Modi, and the only child of his mother, Chandi Devi, who was Multani Mal's second wife.
Chandi Devi died of sepsis only six days after the birth of Gujarmal.
Multani Mal then married a third time, and it was his step-mother, Gujri Devi, who reared Gujarmal.
All his life, Gujarmal was to share a relationship of great affection and attachment with his step-mother.
He gave up his real name (Ram Prasad) in favour of the name "Gujarmal," which he selected in honour of his step-mother.
During his time studying in the tenth standard, Gujarmal neglected to pay his examination fees, which resulted in the loss of an academic year.
This incident led to his father inducting Gujarmal into the family business at a young age while simultaneously being home-schooled.
As was customary in those days, he was married aged twelve, in 1914, to a girl the same age as him.
He and his wife therefore grew up together and were very attached to each other.
Six years after their wedding, the couple became the parents of a child, but the newborn died within a few hours.
Little did the family realize at that time that they were fated to relive this misery ten times over, for this heartbreaking event was to be tragically repeated that many times in as many years.
During the years 1920-31, Modi's wife bore as many as ten children, but every single child died either in childbirth or in infancy.
Medical care in semi-rural Begumabad was abysmal, and the Modi family was not yet seriously wealthy.
Modi's wife also began keeping ill constantly, but it is not known whether this was a cause or a consequence of the loss of children.
It became clear that further attempt at child-bearing would be both futile and dangerous to the health of the mother.
Modi's wife despaired of motherhood, and joined family elders in counseling him to bring another wife home, saying that she would rejoice in his children, for they would be in some sense her own children.
Gujar Mal finally acceded to the entreaties of his father and first wife.
In 1932, after a decade during which he grappled with personal issues and depression, Modi revived both his spirit and his business.
After his second marriage that year, Modi became enthused and motivated for carrying on his business, because the sense of futility and depression left him when his wife became pregnant.
Modi fulfilled his long-standing desire of expanding the family business to new sectors and territories.
In 1932, with an amount of Rs.
400/-, he left for Delhi on the lookout for viable ventures.
The village of Begumabad was finally selected as the site of his first independent venture— a sugar mill.
After initial difficulties in managing the sugar mill, Gujarmal successfully managed to turn things around to make his debut venture into a profitable entity.
Multani Mal set about searching for another suitable match, and on 19 June 1932, Gujar Mal was married to Dayawati Modi, a lady of his own Marwadi community hailing from Etah district of Uttar Pradesh.
Dayawati, the daughter of Chheda Lal, a tradesman of Etah, was seventeen years old; Gujar Mal was thirty.
The two co-wives lived harmoniously together in the same household, because Gujar Mal began treating his first wife as a family elder.
Dayawati was to become the mother of eleven healthy children, five sons and six daughters.
One of Gujarmal’s major successes was the toilet soap factory, which began operations in 1941.
Gujarmal with the help of a Bengali gentleman figured out a way to produce toilet soap without the use of tallow— the substance used to make the soap cake dry and hard.
Instead, his toilet soap factory used vanaspati, from his vanaspati manufacturing unit, which proved to be a huge success.
Businesses founded by Gujarmal Modi
Modi's personal life had its fair share of ups and downs.
He was awarded the Padma Bhushan by the Government of India in 1968.
He is the grandfather of Lalit Modi, the founder of the Indian Premier League (IPL).