The Man Behind The Head-Turning Reliance Jio -Facebook Deal, Not Just Ambani Alone!

Must Read

Free Netflix in India: A Result of Slow Growth In Q3 2020?

Netflix is testing a new strategy that could lead to free Netflix in India. The online streaming...

Jio Pages: The Indian Browser Reliance Is Betting On Now!

Looks like Reliance wants to establish Jio as a synonym of technology. After launching a fleet of...

Flipkart, Amazon Hurtle To Secure Their Slice in Aditya Birla Fashion

The battle conch for the festive season has already been blown. Now in a bid to take...

If you have been keeping up with the latest developments of Reliance Jio Platforms, you already know how it has raked up Rs 87,655 crore worth of investment in the last 6-7 weeks. Now, what you might not have been aware of, amid all the noise and buzz, is about the man who has been instrumental in making all of it happen behind closed doors besides Ambani himself.

Meet Manoj Modi. Very little is known or written about him on public platforms beyond the halls of Reliance Industries. He doesn’t hold any fancy corporate position but he is known to be one of the most powerful forces when it comes to guiding the Ambani the frontman in navigating his empire as it slowly pivots from petrochemicals to internet technologies.

Insider sources have claimed that his role during the $5.7 billion deal with Facebook was to man the negotiations’ team, something at which he excels beyond imagination. Soon after Facebook’s investment was solidified in the group’s Jio Platforms, we all know how it was then followed by similar deals from multiple private-equity funds which injected close to $13 billion into the business and put it on the radar of Silicon Valley.

Advertisements

Via: GraphFarm

Modi who is presently sixty-something happens to be a director at Reliance Retail Ltd and Reliance Jio. He rarely agrees to appear on public interviews. However, in a truly rare occasion, Vani Kola, Managing Director of the venture capital firm Kalaari Capital Partners, was able to persuade him to finally appear at a conference held last year.

In that interview, Manoj Modi was seen to be downplaying his skills as he described himself completely incapable of negotiating or even understanding what strategy means. He then went on to mention how his real job is to deal with people internally. He revealed that he is mainly responsible for mentoring and coaching the key decision-makers of the organisation to achieve its combined goal or objective.

Now, executives from the technology industry who have had to deal with Reliance were asked about Manoj Modi, they have all agreed in unison that he is the man who is responsible for driving extremely hard bargains from behind the scenes. Modi instructs Reliance’s executives on how far to push and then makes an appearance only when the deal is nearing fruition.

G.R Gopinath who is the founder of the budget carrier Air Decan also agreed to the rumours about this man who supposedly acts as the right-hand man of Ambani. In 2010, G.R Gopinath sold his stake in his cargo airline to Reliance and during the finalisation of that deal, he learnt how Manoj Modi has a very big say in every single detail of a proposed deal. He also found out how, before every deal gets finalised, it needs the final stamp of Modi’s approval.

When asked to summarize the attributes of this shadowy figure of a man who pulls all the important strings from the dark, Gopinath said that his power in the organisation comes from his ability to be ruthlessly efficient besides the fact that he is one of the most loyal soldiers of the Reliance family.

Advertisements

Modi happens to be one of the few people who have been with the company since the 1980s. That was the time when Mukesh Ambani’s now late father was building the oil-and-petrochemicals giant from scratch. It should also be noted that prior to that he and Ambani had received their education together at the University Department of Chemical Technology in Mumbai where they became very good friends. From there on, he was given a chance to work with the three generations of the Ambani dynasty.

Over the years Modi has been known to work tremendously hard to rise in the ranks and finally became one of the key execution men at Reliance Industries Ltd who oversees all large projects. Lastly, while Reliance is not a company which tends to advertise its organizational structure a lot, it is well known within the industry that Ambani and Modi are a very strongly-bonded team.

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest News

Huawei All Set To Bid Adieu To Smartphone Market?

The effects of the US ban on Huawei, along with a few other Chinese companies, have started...

Tata Group To Acquire 50% Stake In BigBasket: A Winning Edge Against JioMart?

The Tata Group has apparently found its winning edge against Ambani's JioMart and might add this newfound opportunity to their shopping list...

Amazon Locks Head With The Music Industry: Twitch Letting Streamers Use Unlicensed Music!

The global e-commerce giant Amazon.com, Inc. (NASDAQ:AMZN) has upset the biggies of the music industry as one of its acquisitions have been...

Mobile Internet Speed In India: From Bad To Worse [REPORT]

Languishing. And la…g…g…i…n…g. The sorry state of the desi internet in India. In a rather sad turn of events,...

Google Boots Out 3 Immensely Popular Android Apps from Play Store: Questions About Content Policing Resurface

With such a flourishing wilderness of Android apps on the Google Play Store, there is every likelihood of encountering something seemingly innocuous...

Reliance Future Group Deal In The Soup: SIAC Orders To Put The Deal On Hold

When Reliance agreed to acquire Future Group for $3.4 billion, recently, the share of Reliance Industries Limited rallied on the stock market....

In-Depth: Dprime

Will ‘TikTok By Microsoft’ Be A Winner?

For the last two years, TikTok has been in the public eye for all sorts of reasons. First, it was the exploded...

Facebook Subscription Model: Looking Beyond Ad Dollars?

Seldom do job listings create a stir this gripping. However, when the job listing in question is a stealth post from Twitter,...

Will The Online Food Delivery Market in India End Up Becoming A Two-Horse Race?

It's pretty much evident that the food delivery space in India is all set to get riled up soon enough as one...

More Articles Like This