Former Indian Premier League (IPL) chairman Lalit Modi has named his son Ruchir Modi as the successor beneficiary from his family's side in the KK Modi Family Trust (KKMFT) with immediate effect
Lalit Modi has two children with his late wife Minal Sagrani, Ruchir Modi and Aliya Modi. They lost their mother to cancer in the year 2018. The decision to name Ruchir Modi as the successor came after a discussion with daughter Aliya Modi, said Lalit Modi
Ruchir Modi serves as the director of cigarette-maker Godfrey Phillips India Ltd, and other family-owned firms such as KK Modi Group and Modi Enterprises. He is the founder and CEO of Modi Ventures
A business management graduate from the United Kingdom, he has led projects like Modicare network marketing, Twenty-Four Seven convenience stores and Color Bar cosmetics brand, among others
The father-son duo share a common interest in cricket. The younger Modi headed the Alwar unit of Rajasthan Cricket Association from the year 2016 to 2020
Lalit Modi's daughter Aliya Modi is the founder and CEO of a London-based interior design and design consultancy company, AMRM International Consultants Ltd. She got married to Brett Carlson last year
Aliya Modi earned her Bachelor of Science degree in Art History from Brandeis University in Boston, Massachusetts, and her Master of Arts in Architectural Interior Design from the Inchbald School of Design in London
Lalit Modi is wanted in India after leaving the country in 2010 for London after being charged of tax evasion, money laundering and manipulating broadcast deals. The move to appoint Ruchir Modi comes amid an ongoing family feud