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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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.
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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Founds Vedant Fashions Ltd. (Founding).
Manyavar brand expands aggressively through franchising (Brand Apex).
Vedant Fashions executes its successful IPO on the NSE (Financial Milestone).
Continues as Founder and Executive Chairman, guiding the massive retail empire (Executive Oversight).
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.
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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.
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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+0.3% | +$16.12M
+0% | +$0.03M
This profile is compiled from verified biographical and financial records:
All information is cross-referenced with public sources for accuracy; some narrative sections are AI-assisted summaries.
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