Mukesh Ambani, the richest person in India and the 11th richest globally has placed significant trust in his daughter, Isha Ambani, by appointing her as the Managing Director of Reliance Retail, a subsidiary with a staggering pre-money equity valuation of Rs 8.3 lakh crore. This conglomerate encompasses various divisions, including Jio Stores, Reliance Fresh, JioMart, Hamleys, Urban Ladder, Zivame, Justdial, and more.
The Birth of Tira Beauty: Isha Ambani’s Venture
Within the vast landscape of Reliance Retail, Tira Beauty emerges as an omnichannel beauty retailer, launched in April 2023. While Isha Ambani plays a pivotal role in Tira’s inception, her business partner, Bhakti Modi, is a key player who brings strategic insight to the venture.
Bhakti Modi: Co-founder and Strategist
Bhakti Modi holds the position of Co-founder and VP of Strategy and Business Development at Tira Beauty. Her involvement extends beyond Tira Beauty, as she has been overseeing strategy and new business initiatives at Reliance Retail since September 2021. In 2022, she assumed additional responsibilities as the Director at Reliance Brands (RBL), a division that collaborates with and retails international luxury brands in India.
Rising Through the Ranks: Bhakti Modi’s Journey
Bhakti Modi’s journey within Reliance Retail began as a category inventory planner and merchandiser at AJIO, another subsidiary, for nearly three years. She later worked as a fashion buyer at RBL for four years, managing renowned brands like Superdry, BCBG Max Azria, and Juicy Couture.
Educational Background of Bhakti Modi
Armed with a BA in Consumer Psychology from the University of Pennsylvania and an AAS in Fashion/Apparel Design from Parsons School of Design – The New School in New York, Bhakti Modi brings a diverse skill set to her roles.
Beyond Business: Friendship and Connections
The partnership between Isha Ambani and Bhakti Modi transcends professional collaboration; the two share a strong friendship. Bhakti’s father, Manoj Modi, known as Mukesh Ambani’s right-hand man, adds another layer to the connection. Recently, Mukesh Ambani gifted Manoj Modi a luxurious 22-storey building named Vrindavan, valued at Rs 1500 crore.
Personal Life of Bhakti Modi
Bhakti Modi is married to Tejas Goenka, the Managing Director of Tally Solutions, a business management software solution company. In 2016, the Ambanis hosted a grand celebration at their residence, Antilia, to mark Bhakti and Tejas’ wedding.
