Lalit Modi Biography and Career
Lalit Modi is an Indian businessman and the founder of Indian Premier League (IPL). He was banned from BCCI(Board of Control for Cricket in India) on charges of financial irregularities and misconduct in 2013. In this article we are going to talk about the biography, career, notable works, and family of Lalit Modi so read the article till the end.
He ran to London after the Enforcement Directorate’s investigation against him on charges of financial irregularities. Modi is the executive director of Godfrey Phillips India and the president and managing director of Modi Enterprises.
He was very ambitious and knew the political tactics very well which helped him climb such heights in Indian cricket politics. He was born on 29 November 1963 in New Delhi, India to a wealthy family.
Career in cricket
He was very ambitious and hopeful about Cricket Business in India. To start the IPL he even changed his name once to join Rajasthan Cricket Association. The idea of IPL came to his mind after witnessing the profit of the American sports league. He even pitched the idea to the BCCI but they denied it and that led to Modi’s political journey into the BCCI. In 1999, he was elected to the Himachal Pradesh Cricket Association, a constituent body of the BCCI, as a step toward this goal.
His attempt to take control of the Association, however, failed, and he was forced to quit by the state’s Chief Minister. Under the presidency of Inderjit Singh Bindra, Lalit Modi was elected vice-president of the Punjab Cricket Association in 2004. In the 2008 elections, he was re-elected to the same position.
Vasundhara Raje, Modi’s friend, was elected Chief Minister of Rajasthan in 2003. Modi had become one of the Chief Minister’s closest associates after meeting Raje through a common school buddy, Bina Kilachand. He changed his name to Lalit Kumar and joined Rajasthan Cricket Association to escape discrimination. With the help of Vasundhara, he managed to change a few rules and became the president by winning election, allegedly. He did much work to grow the Rajasthan Cricket Association such as build a stadium to a world-class level, established a coaching academy, etc.
Lalit Modi helped Sharad Pawar, the leader of the Nationalist Congress Party, defeat Jagmohan Dalmiya in the BCCI Presidential elections after becoming the RCA President in 2005. Modi was subsequently named vice-president of the BCCI.
Lalit Modi was significantly involved in the BCCI’s commercial operations. BCCI’s income surged sevenfold between 2005 and 2008, reaching $1 billion.
Lalit Modi was influential in the development of the Indian Premier League (IPL) in 2008, which is centered on Twenty20 cricket.
The IPL has grown to become one of the world’s most valuable sports leagues, with a market value of over $4 billion.
Also Read: Businessman Yusuf Ali Biography and Career
Short biography and Expulsion of Lalit Modi
In 1971, Lalit Modi enrolled in Shimla’s Bishop Cotton School. Due to a kidnapping threat, his family relocated him to St Joseph’s College in Nainital. He was expelled from St. Joseph’s in 1980 for truancy after leaving school to watch a movie.
Modi studied electrical engineering and business administration in the United States between 1983 and 1986. He spent two years at Pace University in New York and one year at Duke University in North Carolina. He did not receive a degree from either of these schools because of his misconduct and involvement in drugs.
On April 16, 2010, representatives from the Kochi franchise filed a complaint with the BCCI alleging that Lalit Modi had threatened them with losing their franchise. On April 24, a day after the IPL final, the BCCI suspended Modi on 22 charges, including bypassing the governing council when making decisions, failing to follow proper processes, bid rigging, awarding contracts to friends, accepting kickbacks on a broadcast deal, selling franchises to family members, betting, and money laundering.
Also Read: Cricketer Chetan Sharma Biography, Career and Facts
Modi relocated to London, where his wife Minal’s family resided, shortly after his suspension.
He is quite popular on Instagram and his account is followed by over 3 million people on Instagram. His account can be reached at lalitkmodi on Instagram.
We hope this biography article of Lalit Modi will be helpful for you to understand his journey and works.
Follow us on twitter for more news and daily updates: @tfipost