RAVI MODI
Ravi Modi, Founder, Vedant Fashions
Ravi Modi is the visionary founder of Vedant Fashions, one of India’s leading ethnic wear lifestyle companies. His entrepreneurial journey began at 13, learning the nuances of consumer behavior at his father’s modest 140 sq ft store in Calcutta. After completing his education from St. Xaviers, Kolkata, Modi worked closely with his father before launching Manyavar, a line of wedding wear exclusively for men, with just ₹10,000 borrowed from his mother.
Modi’s strategic decisions and commitment to Indian wear propelled Manyavar into the mainstream. He expanded through exclusive brand outlets and large format stores, overcoming challenges such as capital constraints. His asset-light business model and focus on less-explored states like UP, Bihar, MP, and Odisha contributed to Vedant Fashions’ astounding success. Under Vedant Fashions, Modi has successfully established and grown a portfolio of renowned brands, including Manyavar, Mohey, Manthan, Mebaz, and Twamev.
Today, Vedant Fashions boasts over 600 stores in India and 11 international locations. Modi’s net worth soared to $3 billion by April 2023, earning him a spot on the 2022 Forbes World’s Billionaires List and the 2023 Forbes list of 100 richest people in India. Beyond financial success, Modi’s legacy extends to transformative leadership, resilience, and strategic planning.
Through the Manas Foundation, a social enterprise for cardiac care, Modi supports philanthropic initiatives, having successfully performed over 500 heart surgeries. His story inspires future generations, demonstrating that ambition, sacrifice, and a calculated approach can lead to success. Ravi Modi’s vision has transformed India’s ethnic wear market, cementing Vedant Fashions’ position as an industry leader.
