Vinay Kumar Modi, after completing his education from The Scindia School in 1960, obtained B Tech in Chemical Engineering from the Indian Institute of Technology, Kanpur in 1965. Thereafter he was inducted in the family business by his father Late Shri Rai Bahadur Gujar Mal Modi and was given the responsibility for managing Modi Steels.
He was instrumental in the setting up of an automotive tyre factory in 1974 in the technical collaboration with Continental AG of Germany. Soon, Modi Continental tyre became the brand leader. In 1986 he set up a million-ton cement plant in collaboration with Blue Circle of UK. Thereafter he set up a diesel engine manufacturing company in 1990 which now runs as a joint venture with MAN of Germany. His commitment to Indian Industry is manifest in the setting up of the country's first Float glass plant as a joint venture with Guardian Industries of USA.
He held various important positions in the Indian Industry. He was the President of Steel Furnace Association of India, Chairman of Automobile Tyre Manufacturers Association, Vice Chairman of Chemical Allied Export Promotion Council, Calcutta and President of All India Float Glass Manufacturing Association. He was closely connected with CII and PHD and was on the Managing Committee of FICCI for some time.
Apart from industry, Vinay Kumar Modi has been actively involved in education in rural India. He was instrumental in establishing schools in the rural areas of Madhya Pradesh and Gujarat giving education to nearly 2000 students.
The Government of India also recognized his leadership qualities and he was appointed a Director on Indian Airlines and also on the Board of Governors of IIT. He was nominated to serve as a member of various committees such as Development Council of Ministry & Industry with regard to Automobiles and Allied Industries, Tyres and Tubes.
Vinay Kumar Modi currently is the Chairman/Director of Gujarat Guardian Ltd, MAN Diesel India Ltd, Lombard Street Pvt Ltd, Gujarat Acrylics Pvt Ltd and Modi Industries Ltd. He is on the Boards of The Scindia School, Jaipuria Institute of Management & Technology, Institute of Management & Technology Gaziabad. He is also a member of the Senate of Indian Institute of Technology, Rourkee.
Vinay Kumar Modi, who pioneered and commissioned joint ventures of International repute and standards and worked selflessly for the cause of education in rural India, has distinguished himself as an Old Boy of The Scindia School. The Scindia School confers on Vinay Kumar Modi, The Madhav Award as an Old Boy of Eminence for the year 2007.