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2641
In the world today
Ravi Modi

Ravi Modi

R. Modi
-0.34% | - $-4.85M
$1.41 B ₹ 12,798 Cr
Real Time Net Worth #2641 Ranking as of 21 Feb 2026 By Forbes

More on Ravi Modi

Gender

Male

Age

49Y

Country

India

Born On

January, 1977

Deceased

No

Relationship Status

Unknown

Children

Unknown

Education

Unknown

Designation Info :

Self-Made

Yes

Entrepreneur Type

Self-Made (Fashion)

Primary Organization

Vedant Fashions

Titles

Founder & Managing Director

Sources of Wealth

Vedant Fashions

Industry

Fashion, Retail, Apparel

About Ravi Modi


R avi Modi is a self-made Indian billionaire who is the founder and managing director of Vedant Fashions, the company behind the iconic Indian ethnic wear brand, Manyavar. He started his career in his father's small clothing shop. In 1999, with a small amount of capital, he founded his own company with a focus on creating a branded, national player in the highly fragmented market for traditional Indian men's wedding and celebration wear.

His Manyavar brand became a massive success, and he has since built a huge retail empire with hundreds of exclusive brand outlets across India and in international markets. He has expanded his company's portfolio to include the women's ethnic wear brand, Mohey, and has also acquired other regional brands. He took his company public in a blockbuster IPO in 2022, which made him a multi-billionaire. He is credited with revolutionizing and organizing the Indian ethnic wear market.

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Quick Reads


  • Founder and MD of Vedant Fashions, the parent company of the brand Manyavar.
  • Manyavar is India's largest brand for men's ethnic and celebration wear.
  • A self-made billionaire, he started his business in 1999.
  • Has also launched a women's wear brand, Mohey.
  • Took his company public in a successful IPO in 2022.

Early Life and Background


Ravi Modi is an Indian businessman, the self-made billionaire Founder and Executive Chairman of Vedant Fashions Ltd. (NSE: VEDL), a major apparel and ethnic wear retail chain (brands include Manyavar, Mohey, and Mebaz). His career is rooted in retail, brand building, and entrepreneurial ingenuity.

Modi's philosophical approach centers on scale, brand acquisition, and long-term asset hold in the essential ethnic wear and apparel retail sector. He founded Vedant Fashions in 1999 in Kolkata, recognizing the immense, untapped domestic demand for affordable, branded Indian wedding and ceremonial attire.

  • Vedant Fashions Ltd. (Founder & Chairman): The core publicly traded asset, a major retailer of Indian ethnic wear (brands include Manyavar).
  • Retail Pioneer: His success is built on scale retail and dominating the domestic market for branded wedding and ceremonial apparel.
  • Investment Strategy: His philosophy is rooted in long-term investment in brand IP and leveraging the massive Indian consumer growth story (especially the wedding and ceremonial market).
  • Brand Focus: Manyavar is one of India's most recognized brands for men's ethnic wear.

Career Journey of Ravi Modi


Ravi Modi's strategic genius was his commitment to solving the problem of unorganized retail in the ethnic wear segment. He founded Vedant Fashions in 1999, successfully building the Manyavar brand into a national household name through aggressive franchising, scale retail, and celebrity endorsements. His structural contribution is immense: pioneering the modern, organized retail model for Indian ethnic and ceremonial wear.

The company successfully executed its IPO on the NSE in 2022. His wealth is secured by the colossal, long-term, stable profitability of the global apparel and ethnic wear retail sector.

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Ravi Modi's Timeline


1999:

Founds Vedant Fashions Ltd. (Founding).

2000s:

Manyavar brand expands aggressively through franchising (Brand Apex).

2022 (February):

Vedant Fashions executes its successful IPO on the NSE (Financial Milestone).

Ongoing:

Continues as Founder and Executive Chairman, guiding the massive retail empire (Executive Oversight).

Major Business Ventures and Investments


Ravi Modi's wealth is concentrated in his founding equity and continued executive leadership of the publicly traded retail giant, Vedant Fashions Ltd. (NSE: VEDL), and his private investments.

  • Vedant Fashions Ltd. (Founder & Chairman): The core publicly traded asset, a major retailer of Indian ethnic wear (brands include Manyavar).
  • Retail Pioneer: His success is built on scale retail and dominating the domestic market for branded wedding and ceremonial apparel.
  • Investment Strategy: His philosophy is rooted in long-term investment in brand IP and leveraging the massive Indian consumer growth story (especially the wedding and ceremonial market).
  • Brand Focus: Manyavar is one of India's most recognized brands for men's ethnic wear.

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Philanthropy and Social Impact


Ravi Modi's social impact is structural, stemming from Vedant Fashions' role as a massive employer and foundational provider of affordable, branded ethnic wear for millions of Indian consumers. His companies contribute significantly to national retail and service sectors. His personal philanthropy supports various community and educational initiatives.

His structural contribution is tied to the successful industrialization and professionalization of the Indian ethnic wear retail sector.

Fashion, Style, and Lifestyle


Ravi Modi maintains the professional, pragmatic style of a corporate executive. His attire is consistently formal and high-quality, favoring tailored business suits or traditional Indian attire. His aesthetic reflects serious authority and stability, typical of a leader in the global retail sector.

Residing in Kolkata, India, his luxury is the immense security and financial reward derived from his multi-billion dollar fortune. His life is dedicated to retail scale, brand management, and strategic investment.

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Quotes and Philosophy


No publicly available quotes.

Fun Facts & Trivia


  • He is the Founder and Executive Chairman of Vedant Fashions (Manyavar, Mohey).
  • Manyavar is one of India's most successful ethnic wear brands.
  • His company successfully executed its IPO on the NSE in 2022.
  • His focus is on the massive Indian wedding and ceremonial apparel market.
  • His fortune is tied to the successful monetization of branded ethnic wear retail.
  • He holds an estimated net worth of $3.6 billion (2024 estimate).
  • His philosophy emphasizes scale, brand diversification, and franchising.

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Sources & References


This profile is compiled from verified biographical and financial records:

  • Wealth Data: Real-time tracking and historical data from Forbes Billionaires and the Bloomberg Billionaires Index.
  • Biographical Records: Educational and career history sourced from Reuters, The Wall Street Journal, and official university alumni directories.
  • Regulatory Filings: Shareholder and executive disclosures from stock exchange databases, including HKEX, SSE, SZSE, and SEC EDGAR.
  • Corporate History: Primary data from annual company reports, founding charters, and verified press announcements.

All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.

If you find any inaccuracies, please report them to admin@redcarpetlife.in

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