Indian born industrialist Dr Bhupendra Kumar Modi among Singapore's Richest

NOIDA, India - Sept. 12, 2013 - PRLog -- New Delhi, September 06, 2013: Spice Global a US$ 2 billion diversified conglomerate announced that Dr B K Modi, Chairman, Spice Global has made his place at the Singapore’s 50 Richest List by Forbes. Dr. Modi is ranked at27^th position in the overall rich list of Singapore’s billionaires. Eminent personalities like TRobert & Philip Ng and KwekLengBeng& family have been ranked on this list.

Forbes selected Dr. B K Modi after a rigorous evaluation based on a variety of considerations such as the overall performance, technological innovation and expertise in various fields. Dr. Modi, who became a Singapore citizen in January 2012, invested 70 percent of his assets in real estate in cities including New York, London and the Southeast Asian island state. Earlier this year, Dr. Modi raised his U.S. dollar holdings to $200 million, as he could foresee the currency to appreciate against the euro, pound and yen.The Group has invested in various industries including telecommunications, healthcare, hospitality and financial services.

On receiving the recognition, Dr Bhupendra Kumar Modi, Chairman, Spice Global,said, “I amextremely proud to receive this recognition by Forbesmagazine for considering me to be a part of the rich list. This recognition is a result of my belief in smart investment. This is an important milestone that showcases our aim to offer innovative solutions and product offerings, reinforcing the Group’s commitment to our clients, community and industry”.

Recently Spice Global has made a strategic investment in Formation 8, a Silicon Valley based early-growth venture capital fund which is focused on investments in information technology and energy technology businesses. The Group has also been offering financial services through Wall Street Finance Limited, which has over 6,000 sub agents across the country.

This award is a testimony to the fact that Spice Global has been on an investment spree based on its ‘smart investment’ strategy.

About Spice Global

Spice Global is a US$ 2 billion diversified conglomerate that currently serves over 25 million customers across various sectors - telecom, finance, entertainment technology and healthcare – in the world. Established by renowned global entrepreneur and futurepreneur, Dr Bhupendra Kumar Modi, Spice Global has expanded its footprint across Los Angeles, San Francisco, New York, London, New Delhi, Bombay, Dubai, Kuala Lumpur in addition to China and Africa.

Headquartered in Singapore, Spice Global currently employs about 9,000 employees worldwide.  Spice encompasses a variety of businesses that harness speed, creativity and efficiency to invent, develop and market the products that are defining how we live today. Among the various businesses under the Spice Global umbrella, prominent ones include Si2i Mobility (holding co. of Si2i Limited and S-Mobility Limited), Spice Studios, Wall Street Finance Limited and Paper Plus. The Group has also recently forayed into healthcare services and will soon launch its first world class facility at New Delhi in India.

Spice Global has various listed entities.

·         Singapore

-          Si2i Mobility Limited. (SGX: M09)

·         India

-          S Mobility Limited: (BSE Scrip Code- 517214) /NSE (Scrip Code – SPICEMOBIL)

-          Wall Street Finance Limited:  (BSE Scrip Code 511147)

Website: www.spiceglobal.com

For further information please contact:

Anuradha Chawla/ Riticka Dutta

anuradha@avian-media.com/riticka@avian-media.com

+91 9899965560/ +91 9911717995