Personal Profile About Lalit Modi
Lalit Kumar Modi is an Indian businessman and sports administrator. He is the founder of the Indian Premier League. He belongs to the Modi Enterprises family, which has interests in tobacco, retail, education, cosmetics, and other industries. He served as the vice president of the Board of Control for Cricket in India (BCCI) and chairman and commissioner of the IPL (2008 to 2010).
Lalit is widely credited with transforming the IPL into one of the world richest and most popular cricket leagues. After leaving India in 2010, he settled in London while facing investigations related to financial and foreign exchange matters. In July 2026, he announced that he plans to return to India after receiving major legal relief in the long-running 2009 IPL fund transfer case.
Lalit Modi Net Worth
Lalit Modi net worth is estimated at $570 million (about ₹5,500 crore). However, it is not confirmed. He earns from his family's business empire, investments, sports management ventures, real estate, and other private businesses. In recent interviews, Modi said he was born with a "diamond spoon." He claimed that spending ₹10–12 crore in a week would not significantly affect his lifestyle.
Lalit Modi Case
The Lalit Modi case relates to alleged FEMA violations during the 2009 IPL in South Africa. The Enforcement Directorate investigated fund transfers, broadcasting rights, and financial transactions. The BCCI suspended Modi in 2010 and later banned him for life.
In July 2026, the SAFEMA Appellate Tribunal quashed the ED's penalty, ruling Modi wasn't responsible for the BCCI's FEMA compliance, after which he announced plans to return to India in 2026 or early 2027.
Lalit Modi Age
Lalit Modi age is 62 Years old. He was born on November 19, 1963, in New Delhi, India. He frequently ran away from boarding schools and was expelled from his college in Nainital in 1980. He launched the IPL at the age of 44 in 2008. He became one of cricket's most influential administrators in his mid-40s.
Lalit Modi Wife
Lalit Modi wife was Minal Modi (née Minal Sagrani). The couple married in 1991, despite a 10-year age difference and initial opposition from their families. Minal had a daughter, Karima, from her previous marriage, whom Lalit helped raise. Together, they had two children, Ruchir Modi and Aliya Modi. Minal passed away from cancer in December 2018.