MODISON was founded as a trading unit in 1965, by Mr. G.L. Modi, to deal in tool steels and export of engineering and general merchandise.

A decade later in 1975, Mr. G.L. Modi established the first manufacturing facility in Mumbai (Bombay), for refining of silver and started exporting large quantities of refined silver to renowned bankers and dealers in Europe and U.S.A. MODISON was instrumental in establishing ‘999’ Good Delivery Silver Bars in India for bullion trading.