Mrs. Dayawati Modi, the wife of the Modi Group founder, Mr. G.M. Modi, was a great philanthropist and an educationist. To commemorate her love for Art, Culture & Education, the Dayawati Modi Foundation instituted this award in her memory in 1994. The Dayawati Modi Award for Art, Culture and Education is presented annually on the 17th of November, her birth anniversary, to an eminent person credited with outstanding contributions in these fields. Amitabh Bachchan, acclaimed actor and Son of well-known poet Harivansh Rai Bachchan, was presented the Dayawati Modi Award in 2002 for his contribution to the field of Art, Culture and Education.