The Inspirational Story of Gujarmal Modi
It all goes back nine decades. In the 1930s, from being called a “dirty Indian” by an Englishman, to being banished from the state of Patiala for refusing alcohol (a glass of wine), everything happened with Gujarmal Modi.
But no one knew that these events would turn out to be a boon for him. Gujarmal Modi then co-established the Modi Group of Companies as well as the industrial city of Modinagar in 1933.
Let’s discover his inspiring story.
Gujarmal Modi was born on August 9, 1902 in Mahendragarh, into a family of small businessmen in present-day Haryana. His father owned a grain mill in Patiala.
Gujarmal joined his father’s business when he was barely 20 years old, and at a time when the concept of insurance was not yet taking hold, Gujarmal Modi is said to have convinced his father to insure their flour mill. And later, according to marwar indiathe factory was later destroyed in a fire, but insurance saved the family from disaster.
Read also : How This 26/11 Indian Navy Hero Built A Rs 25 Crore Turnover Business
The man who saw adversity as an opportunity
In 1933, after being banned from a Patiala party for refusing wine, Gujarmal Modi continued and left Patiala to set up his factory in Begumabad.a village on the outskirts of Delhi, according to The boss of the weekend.
This decision led to the seeding of the huge Modi group in this village.
Initially, Modi envisioned a project centered on vanaspativegetable cooking oil.
But according to the website of Modicare Limited, a company founded by Gujarmal himself, “In an effort to revive domestic sugar production, the government has announced a steep increase in import duties. (Gujarmal) Modi dropped the vansapati idea in favor of a sugar factory and this favorable turn of events led him to create industry after industry which would benefit thousands of people in return”,
The rise of the Modi group
From 1939 to 1963, he worked on his favorite project vanaspatistarted to produce washing soaps and tin containers for packing vanaspati, started an oil crushing factory, a paint and varnish factory, a glycerin extraction factory, a cotton textile factory, a lantern factory, a steel mill, a silk and yarn factory, among many others, depending on modicare website.
Even World War II presented another opportunity for Gujarmal Modi as he ventured into food processing for the military needs of the Allied forces, of which Britain was a part.
In 1945 even the city of Begumabad was renamed Modinagargaining a significant position on the industrial map of India.
“In recognition of his services, the British government conferred the title of ‘Rai Bahadur’ on Modiwhich his father also had with him in 1942. Later, after the end of the war, the British government, in a rare public show of appreciation, held a grand procession in his honor in Meerut.
Among the list of companies he has started are Modi Sugar Mills, Modi Vanaspati Manufacturing Company, Modi Industries Ltd, Modi Luft, Modi Rubber, etc.
Recently, a book about Gujarmal Modi was released on February 10, 2022, by author Sonu Bhasin.
Read also : How This Shark Tank Rejected Contestant Created A $1 Billion Doorbell Business And Returned To The Show As A Judge
For more such inspiring stories and interesting financial content, keep reading Worth. Click here.