A business management graduate from the United Kingdom, Ruchir Modi is a Director of Godfrey Phillips India Ltd and began his journey towards bringing innovation to India with a far-reaching vision to reach out to the masses and deliver them with the best of products and services.

Founder and CEO of Modi Ventures, Ruchir is one of the India’s leading entrepreneurs who believes in following a pragmatic approach, which boosts him to achieve success in today’s changing era.

He is also the director of the KK Modi Group and Modi Enterprises and is spearheading the digital transformation of the business.

Ruchir Modi is also director of Peyotito, a high-end Modern Mexican restaurant located in the charming neighborhood of Notting Hill. An avid cricket follower, he is the President of the Alwar Cricket Association in Rajasthan.

Director

Founder and CEO

Director

Director

FINTECH REVOLUTION: HOW IT IS SHAPING THE COUNTRY

Recently, I came across a report which assessed the rise of FinTech as a new chapter in the Indian Financial Services sector. This encouraged me to share how I, in my experience, think digital transformation has changed the economic landscape of India.
A traditionally cash-driven economy, India has responded surprisingly well to the fintech opportunity. I don’t necessarily see FinTech as a replacement, but an inevitable evolution of the banking space.

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6 REVOLUTIONARY INITIATIVES TAKEN BY THE GOVERNMENT IN INDIA

When the new government took charge in India, it stated that they were “not here for any positions but for a responsibility”. Keeping true to that they introduced major shifts in just 3 years. A few have stuck with me on how they work & what they could yield in the future, sharing a couple of them here:
GST: Intended to bring in the ‘one nation one tax’ system, it will boost competitiveness & performance. Though I hope that with GST in place, the compliance burden will ease & sectors will grow more strongly.

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3 THINGS WHICH MAKE OR BREAK FINTECH

Every week, a new startup entrepreneur surfaces to change the world in the banking and payments space, every week, another failed startup has to close its doors. It is a game that has no fixed formula and as a matter of fact, one should be suspicious of anyone who claims to have the secret method to succeed. Although there are just too many uncertainties but one can act wise by learning from other’s mistakes. Likewise, my interest on the subject exposed me to facts which are common and hence easily goes unnoticed.

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THE RCA ELECTIONS SAGA SO FAR

I hold cricket very dear to my heart and I still remember the first time I was on field with my father for IPL, I was around 10 years old at that time. My experience and association with cricket brought me to my decision to run for the Rajasthan Cricket Association presidency- something that my parents (especially my father!) were not very keen on. I had set out knowing that I would have to work my way through on my own, as my father didn’t want much to do with cricket, after all that he has been put through (of course, having said that I always will have his blessings and advice).

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After All That He Had To Go Through, My Father Does Not Want Anything
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Lalit Modi’s son Ruchir Modi pads up for Rajasthan Cricket Association
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I’ll seek my dad’s advice, but all decisions will be mine: Ruchir Modi
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Lalit Modi to sell two divisions of the Godfrey Phillips, says son Ruchir
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Not A Proxy For My Father, Says Lalit Modi’s Son Ruchir Ahead Of Cricket
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