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.
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This story is from the July 2023 edition of Outlook Business.
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