Size of the Industry
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The size of Indian Cosmetics Industry globally is $ 274 billion, while that of the Indian cosmetic industry is $ 4.6 billion.
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Market Capitalization
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According to analysis and figures given by the Confederation of Indian Industries (CII), the total Indian beauty and cosmetic market size currently stands at US$950 million and showing growth between 15-20% per annum.
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Output per annum
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Industry sources estimate a rapid growth rate of 20% per annum
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Percentage in World Market
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The overall beauty and wellness market that includes beauty services stands at about US$2,680 million, according to CII estimates.
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As the Group President and the Chairperson of the Corporate Executive Committee he will bring to bear the best management practices, by leveraging his wealth of knowledge and experience. He will play a transformational role aligned with the Group’s overall vision, accelerating international expansion, building on the Group’s portfolio strategy and supporting the aims and objectives of various companies.
Sarthak Behuria has been at the helm of many PSUs, and has served as the Chairman of Indian Oil Corporation Ltd., Chairman (part time) of Chennai Petroleum Corporation Ltd. and Chairman of IOT Infrastructure and Leasing Ltd. (former Indian Oiltanking Ltd.) amongst many other illustrious positions. With his extensive experience steering large PSUs with multiple divisions, offices and thousands of employees, his ability to see the bigger picture will add real value to the Group. |
Samir Modi has an intuitive entrepreneurial mind that is constantly striving to bring new and radical ideas to life. At the helm of all new businesses, he plays a vital role in the Group role in with his expertise in conceptualizing, strategizing and setting up new ventures.
An alumnus of the famed Harvard Business School, Samir Modi’s stint in US has given him a global perspective and a multicultural approach to work. Armed with his new philosophy of management, and his innovative and lateral thinking, he came back to India and in 1996, he launched Modicare, which marked the beginning of new concepts and business ideas for the K. K. Modi Group. With his finger on the pulse of the emerging, new Indian consumer, Samir Modi felt the need for an Indian cosmetics brand offering products at par with international brands, and this led him to establish Colorbar Cosmetics in 2004,. He also launched the first of its kind round-the-clock convenience retail chain – Twenty Four Seven Retail Stores in 2005. | ||
| He also took the onus of continuing the philanthropic tradition of his family and set up the Modicare Foundation that does extensive work in the field of HIV/AIDS Awareness and Prevention as well as gender related issues. | ||
Lalit Modi is known for his forward-looking approach to business, and has successfully undertaken many innovative new ventures.It is this dynamism and perspective on the businesses of the future that led Lalit Modi to launch Modi Entertainment Network that brought FTV to India, and also drove him to wrangle the intellectual property rights of Disney for India, much ahead of its time.
This aspect of his personality, to assimilate and encourage new thinking, marked his stint as the Chairman and Commissioner of the Indian Premier League too. He was also the Chairman of the Champions League from 2008 to 2010, Vice President of the Board of Control for Cricket in India (BCCI) and Vice President of the Punjab Cricket Association. Lalit Modi’s incisive vision and sharp business acumen is constantly tapped to create impetus for expanding the K.K. Modi Group into sunrise industries and blue ocean business arenas. |
Bina Modi is the Chairperson of the Family Council of the K. K. Modi Group. An astute business person, Bina Modi has founded and built several successful brands including the Ego Specialty Restaurant Chain, Bina Fashions, Dessange Salon and Beacon Travels. With a deep understanding of the Group’s intrinsic strengths and potential, she plays a key role in aligning the core leadership team towards the Group’s goals.
She is driven by a personal vision to bring the most modern people management and human resource concepts into the Group. As the Chairperson of the Family Council, she facilitates active interaction and dialogue for overall cohesion and consensus based decision making. She is leading the initiative to develop the next generation of leaders and to enable succession planning for the Group. Also, as the Chairperson of the Family Council, she plays a very important role in deciding how the Group will be managed by the next generation of promoters. |
