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From Salesperson To Rs 32,000 Crore Empire: This Man Became One Of India's Richest
Ravi Modi’s story is a testament to the power of vision and hard work, turning a modest Rs 10,000 investment into a Rs 32,000 crore empire. His success with Vedant Fashions continues to inspire entrepreneurs and showcases the impact of dedication in building a global brand.
From Salesman to Entrepreneur
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At just 13, Ravi Modi began his career as a salesman in his father’s clothing store. His early start in the industry laid the foundation for what would become a monumental success story.
The Birth of Vedant Fashions
In 2002, Modi took a leap of faith and borrowed Rs 10,000 from his mother to start Vedant Fashions in Kolkata. This was the beginning of a journey that would revolutionize the Indian ethnic wear industry.
Building the Manyavar Brand
Modi’s vision and dedication led to the creation of Manyavar, a brand synonymous with Indian weddings and traditional wear. Under his leadership, Manyavar and its sister brands—Mohey, Manthan, Mebaz, and Twamev—grew into household names.
Celebrity Endorsements Boost Popularity
Manyavar’s popularity soared with endorsements from top celebrities like Virat Kohli, Anushka Sharma, Ranveer Singh, Alia Bhatt, and Kartik Aaryan. Their support helped cement Manyavar’s status as a leading name in wedding wear.
A Growing Empire
Today, Vedant Fashions boasts 662 stores across 248 cities in India and 16 international locations. The company’s significant growth has led to its valuation skyrocketing to ₹32,000 crore.
A Billionaire’s Rise
Ravi Modi’s entrepreneurial journey has propelled his net worth to impressive heights. As of April 2023, his fortune has surged to 3 billion dollars, placing him at number 1,238 on the Forbes World's Billionaires List and the 64th spot among India’s richest people.
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