Indian Retail Awards and e-Retail Awards Congress 2015

"To build a strong relationship, the manufacturers should keep a margin which should be much higher as compared to today, and backend should be managed well and supported by the manufacturer that can facilitate the modern trade in delivering product to the consumers"

Mr. Samir Modi currently serves as Managing Director - Modi Enterprises; with a market capitalisation of over a billion dollars. The Group companies are involved in various sectors including Fast Moving Consumer Goods (FMCG) and Retail.

He is also the Executive Director - Godfrey Phillips India Limited, Director - Indofil Industries Limited, President - Twenty-Four Seven Convenience Stores, Managing Director - ColorBar Cosmetics Pvt. Ltd. and Executive Vice Chairman - Modicare Private Limited.

Mr. Samir Modi is an alumnus of Harvard Business School, USA.

He was instrumental in starting the first Indian Network Marketing Company - Modicare, marketing consumer products and providing knowledge and employment opportunities.

Mr. Modi launched Twenty-Four Seven retail stores in 2005 - the country's first convenience store chain. The company has tied up with Indian Oil and plans 100 stores at petrol stations.