Samir Modi Suggests Family Business Split: Godfrey Phillips For Him, Chemicals For Mother

In an exclusive interview, Samir Modi, Executive Director of Godfrey Phillips, addressed the ongoing family dispute with his mother and its impact on the company. Samir expressed his Concern over the unresolved conflict, revealing that he has made numerous attempts to resolve the issue, including standing outside his mother's house and office for hours, seeking answers to the reasons behind their dispute. He emphasized that his goal is to end the conflict and focus on building the business, not destroying it.

Samir mentioned that his late father, KK Modi, had envisioned a future where the family would work together to preserve the legacy and continuity of the business. He shared that his father's wish was for his mother and sister to run the Chemicals Segment while he and his brother managed Godfrey Phillips India (GPI). Samir urged for a division of responsibilities that would protect the family legacy, ensure succession, and maintain continuity. Samir also clarified that while he did not oppose the retail sale decision, he was against the manner in which it was executed, particularly due to its impact on the 1,000 employees and the destruction of shareholder value. He reiterated his commitment to the company’s slogan, "People First," and expressed his willingness to find a solution that would end the dispute and allow the family to move forward in a way that honors his father's legacy and protects the company's future.