Mr. S. K. Modi son of Late Mr. G. L. Modi soon after his graduation in commerce in the year 1972 stepped into Bellary City from Calcutta to look after the mining operation of Vibhutigudda Mines (P) Ltd., the mining lease situate in S.No.90(P) of B.Belagal (V) of Bellary (Tq & Dt). His wife Mrs. Manju Modi joined him little later and supported her husband both on field as well off the field for heavy development of mines. In the year 1979 he has taken over the mining company of Bellary Iron Ores (P) Ltd., who have a mining lease in S.No.l(P) of H. Siddapuram (V), Rayadurg (Tq) of Anantapur (Dt), A.P.

He is responsible for increasing the level of production in almost all the mines. In the year 2002-2003, he applied for Export License of 5 Lacs tones of +64% Fe Iron Ore and was successful in receiving license for the entire quantity. Till 2001-2002 his group of companies was only deemed Exporters since the supplies were made to MMTC Ltd for Export. He successfully completed the 1st Shipment in Oct/Nov 2002 through Chennai Port. Thereafter, he has improved his Exports leap and bound. The Production and dispatch figures for the past 5 years ie., 1999-2000, 2000-2001, 2001-2002, 2002-2003, 2003-2004 are shown in Annexure-I. It is very evident from the above statement that the Production and dispatches have grown steadily from 1999-2000 onwards.

Thereafter in the year 2003, he has negotiated and taken over the mining company of M/s. Suggalamma Gudda Mining & Company. This mining lease though in Karnataka is adjoining to the mining lease of H. Siddhapuram Mines.

He has now applied for a mining lease over an area of about 200 Ha which remain adjoining to both Suggalamma Gudda Mining & Co., as well of Y. Mahabaleswarappa & Sons and is quite hopeful of getting the mining lease very shortly. Thus, 90% of the total mineral reserve of Copper Mountain range will remain with Mr. S. K. Modi. That apart he has taken over 6 Ha of mining lease standing in the name of M/s.Gavisiddeswara Enterprises which is adjoining to ML of Vibhutigudda Mines (P) Ltd. Nonetheless, he is seriously trying for the renewal of ML standing in the name of Karnataka Minerals in which he is the Proprietor himself.

During the year 2003-2004, he has completed shipments from almost all the ports such as Goa, Chennai, Kakinada & Vizag. He maintains a very good support from all the Officials concerned, for smooth functioning of the mining, transport and Export activities.