From humble beginnings in Kolkata to building an empire that redefined Indian wedding fashion, Ravi Modi’s story is a powerful personality that shows, great things can be achieved with determination, a clear vision, and the courage to take risks.
What started as a modest venture with Rs 10,000 borrowed from his mother has transformed into a household name synonymous with Indian wedding and festive attire. Ravi Modi, the visionary founder of Manyavar, redefined traditional Indian fashion and built a legacy that continues to inspire.
Ravi Modi’s Dream
Ravi Modi’s entrepreneurial journey began in 2002 in Kolkata with the establishment of Vedant Fashions, the parent company of Manyavar. His vision was clear to revolutionize the festive and ethnic wear market in India. Drawing from his early experience as a teenager working in his father’s clothing store, Modi built a brand that blended tradition with modern elegance.
Starting from scratch, Modi laid the foundation for Manyavar with a mission to make traditional attire more accessible and appealing. Over the years, the brand grew to dominance in the Indian wedding fashion market and expanded its portfolio to include other popular labels like Mohey, Manthan, Mebaz, and Twamev.
Virat Kohli, Anushka Sharma Endorsed Manyavar
Today, Manyavar is synonymous with Indian weddings, offering an exquisite range of men’s kurtas, sherwanis, and jackets, as well as women’s lehengas, sarees, and dresses. The brand has become the go-to choice for wedding and festive attire, celebrated for its quality, style, and affordability.
Celebrity endorsements have played a key role in Manyavar’s success. Stars like Virat Kohli, Anushka Sharma, Ranveer Singh, Alia Bhatt, and Kartik Aaryan have amplified the brand’s appeal, making it a symbol of elegance and tradition.
Manyavar’s Growth
With a network of 662 stores across 248 Indian cities and 16 international locations, Vedant Fashions has established a formidable presence in the apparel industry. The company reached a significant milestone when it went public in 2022, marking its debut on the stock exchange.
This achievement further cemented Ravi Modi’s status as one of India’s most successful entrepreneurs. By April 2023, his net worth had soared to $3 billion (Rs 28,000 crore), earning him the 64th spot on Forbes’ list of India’s richest individuals and the 1,238th position globally.
Vedant Fashions itself is now valued at Rs 32,000 crore, a testament to Modi’s vision, dedication, and relentless pursuit of excellence. His journey from borrowing Rs 10,000 to creating a Rs 32,000 crore enterprise continues to inspire entrepreneurs across the globe.
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