Built a company worth ₹34,000 crore with just ₹10,000, this person is in great demand at weddings
Ravi Modi: A person who started his life from zero and today he is the owner of a business worth thousands of crores. After achieving such a position, the fun of living every moment of life is something else. Today we are telling you the story of one such person, who became a salesman at the age of just 13, then he (Ravi Modi) started his business by taking a loan of Rs 10000 and today he has created a brand worth Rs 33054 crore. . Just by listening to the story of such a person, a desire to do something arises in your mind.
Ravi Modi became the father of many brands
Wedding season is going on in the country. Indian weddings and traditional attire are inseparable. In such a situation, as soon as someone thinks of marriage, the picture of Manyavar brand emerges in the mind. The idea behind this prestigious brand is of Ravi Modi. Who has built an empire in traditional Indian fashion with his company Vedanta Fashion.
Vedanta Fashion was established in 2002 in Kolkata and owns popular brands like Manyavar, Mohe, Manthan, Mebaaz and Twamev. Under Modi’s leadership the company scaled new heights and became a success story with a successful IPO in 2022.
Started his shop at the age of 13
Ravi Modi’s business journey started in a very simple way. At the age of just 13, he worked as a salesperson in his father’s clothing shop. A few years later, he started his own business by borrowing Rs 10,000 from his mother and laid the foundation of Vedanta Fashion. Ravi (Ravi Modi) named it Vedanta Fashion after his child. The company started manufacturing Indian garments.
Readymade clothes were sold in Uttar Pradesh, Odisha, Bihar, Madhya Pradesh and West Bengal. Gradually people started liking his clothes. Meanwhile, an agency suggested him to enter the market with a brand name.
Ravi’s vision gave birth to a brand like Manyavar.
His (Ravi Modi) vision gave birth to ‘Manyavar’, which is now a famous name for wedding and festival wear. They first targeted big stores like Vishal Mega Mart and Pantaloon. Its clothes started being sold there. After some time he decided to open his own store. The first store was opened in Bhubaneswar, the capital of Odisha. With its beginning, he (Ravi Modi) focused on traditional attire. They concentrated on manufacturing traditional clothing and moved to larger cities.
Worked with veteran artists of India
With this he (Ravi Modi) took Manyavar to new heights. Now Manyavar has reached such a stage that it has become a well-known name for wedding and festive wear. Manyavar is known for men’s kurtas, sherwanis, jackets and women’s lehengas, sarees and dresses. Manyavar is famous for its luxurious kurtas, sherwanis, jackets, lehengas, sarees etc. The brand’s popularity further increased with the endorsement of Bollywood stars like Virat Kohli, Anushka Sharma, Ranveer Singh, Alia Bhatt and Kartik Aryan.
Created identity among many rich people of the country
Ranked 64th in India’s richest list, today the company operates across 248 cities in India with 662 stores and 16 international outlets. Vedanta Fashion is currently worth Rs 32,000 crore and Modi’s net worth has increased to around Rs 28,000 crore. As of April 2023, he is ranked 64th among the richest people in India and 1,238th in the Forbes list of world billionaires.
