In India's bustling fashion industry, carving out a niche is a challenging feat. With only a handful of players reigning over the clothing market, particularly in the ethnic wear segment, the competition is fierce. One such company that is dominating the ethnic wear segment is Vedant Fashions which owns renowned brands including Manyavar, Mohey, Mebaz, Twamev, and Manthan.
Ravi Modi, Chairman and Managing Director of Vedant Fashions, has become a prominent figure in India's business realm, showcasing remarkable success as he steered his company towards a profitable IPO in 2022. Hailing from Kolkata, Ravi Modi started his career as a salesman in his father’s clothes shop when he was 13. With a desire to start something of his own, he embarked on an entrepreneurial journey after gaining valuable experience working for an apparel shop.
As a result, he started Vedant Fashions in 2002 with just Rs 10,000 that he received from his mother. He started off by producing Indian clothes and took his venture to various parts of India, creating the roots for Manyavar. His enterprise experienced significant growth as he made smart decisions which included the launch of exclusive brand stores and distributions to prominent retail stores.
Today, Vedant Fashions, the company that Modi named after his only son, has emerged out to be one the popular brands for selling traditional Indian clothing. Manyavar, a renowned brand, has captured the hearts of customers with its exquisite collection of .
