Russi was married to Siloo Mugaseth, the daughter of his mother's sister, and lived in Kolkata until his death.
He started many rewards like giving of AC Maruti Suzuki 800 to all divisional managers of Tata Steel.
[7] Russi Mody Centre for Excellence, built by noted architect Hafeez Contractor that contains archives of the Tata Group, was named after him.
[8][9] Hearsay has it that Russi Mody was pulled up by a policeman as he tried to park his car on the narrow road.
the young scion pointed in good humour to the road sign indeed printed with the distinguished paternal name.
[11] During his studies at Oxford, he happened to accompany Albert Einstein on the violin, while he played the piano.