Meet Lalit Modi, an Indian businessman and sports administrator who is the current Commissioner and Chairman of Indian Premier League (IPL). Modi is said to be one of the most powerful people in the world of cricket as he was the mind behind the highly successful IPL. See photos, video and a biography of Lalit Modi here.
Modi was recently involved in bailing out his brainchild Indian Premier League, from cancellation as India prepares for its General Elections at the same the league was earlier scheduled. He tried all that he could to revise the schedule and the match venues over growing security-related issues, but then had to take out the IPL from the country to South Africa.
The most-expensive cricket tournament will now held from April 17th in South Africa, the hosts of the inaugural ICC T20 World Cup in 2007.
Although, the move was inevitable and the team owners are happy with it… it will certainly dampen the spirits of the cricket-mad Indian people, who will now be watching their own domestic league being played on in a different country due to security concerns.
“I personally worked so hard over so many years to build the IPL here and to me it’s very painful to see this. But it would have been more painful for us not to have the tournament at all. So we had to take one decision or other,” Modi said.
“We tried very very hard to keep the tournament in India. We had multiple venues, multiple dates. We tried everything in the book to keep it here but our hands got tied and we were pushed to the wall. We had no choice but to move it out,” Modi, also a BCCI vice president, added.
As a biography, Lalit Modi was born on November 29, 1963 in Delhi so his age is 45. He attended St.Joseph’s College, Nainital and then studied at Duke University, United States from where he got a degree in Marketing.
Modi is a very respectable businessman in India and he runs the $1 billion Modi Enterprises. He is also the Executive Director of Godfrey Philips India. He came to prominence when he was elected as the Chairman of the Rajasthan Cricket Control Board, thanks to his ties with the former ruling political party. He then went on to become the Vice President of BCCI and was involved in many high profile economic decisions, involving Indian cricket team’s sponsorship deal with Sahara, valued over $100m.
He kept working on Indian Premier League (IPL) all those years and then started it with a grand opening last year in April. The 44-day tournament was a big hit with the spectators and the sponsors alike. The league catapulted Modi to the top stage in world cricket. He closed the deal for IPL’s media rights with Sony for over a billion dollars.
Although, Modi was later removed of his duties as the Chairman of RCC due to a change in the seat of power in the state, Modi is still the person-in-command at the highest level of Indian cricket board, the richest authority in the world cricket.
He was named the recipient of ‘The Business Standard Award’, ‘Brand Builder of the Year’ by Asia Brand Conference, NDTV’s ‘The Most Innovative Business Leader in India’ and CNBC’s ‘The Consumer Award for Transforming Cricket in India’ in 2008.
He has been described as following by Cricinfo:
“Sharp, brash, ruthlessly ambitious, and admired and reviled in equal measure, Lalit Modi will be known as the man who changed the landscape of cricket. The Indian Premier League, the multi-million-dollar, football-style, franchise-based domestic league, which Modi conceived and executed with spectacular success, has hurtled cricket to the fast lane, forcing the traditionalists to follow suit even while squirming.”
In his personal life, Lalit Modi is married to Minal Modi and has a son named Ruchir. He lives in a very posh bungalow in Juhu, Mumbai and owns properties all over the country.