Who is the Owner of Manyavar

Ravi Modi is the owner and founder of Manyavar, one of India’s most iconic ethnic wear brands. A visionary entrepreneur from Kolkata, Ravi Modi transformed his family’s small garment business into Vedant Fashions Limited, the parent company behind Manyavar and several other popular fashion labels.

The Inspiring Journey of Ravi Modi – Founder of Manyavar

Ravi Modi began his career working at his father’s clothing shop in Kolkata. With just ₹10,000 borrowed from his mother in 1999, he started his own venture, laying the foundation of Vedant Fashions. His goal was to fill the gap in the Indian market for high-quality men’s ethnic wear that catered to weddings and special occasions.

Today, Manyavar stands as a symbol of tradition, elegance, and modern fashion. The brand’s first exclusive store was launched in Bhubaneswar in 2008. Since then, Vedant Fashions has expanded its footprint to over 650+ stores across 248 cities in India and 16 international locations, making it a leading name in ethnic fashion.

Ravi Modi’s Net Worth and Manyavar’s Market Value

As of July 2024, Ravi Modi’s estimated net worth is $2.8 billion (over ₹23,000 crore). According to Forbes India’s 100 Richest List 2023, his net worth could be even higher—around ₹30,000 crore ($3.4 billion). His wealth primarily comes from his significant stake in Vedant Fashions, the company that owns Manyavar, Mohey, and other sub-brands.

Vedant Fashions Limited, the parent company, is valued between ₹25,000 crore to ₹32,000 crore (over $3 billion), as of 2024. Its strong market presence, continuous expansion, and high brand equity contribute to its impressive valuation.

Celebrities Associated with Manyavar

Manyavar has collaborated with several well-known celebrities to boost its brand image and connect with its target audience, especially in the wedding fashion segment:

• Virat Kohli became the face of Manyavar in 2016.

• Anushka Sharma endorsed the women’s line, Mohey.

• Amitabh Bachchan, Alia Bhatt, and Ranveer Singh have also been part of major promotional campaigns.

These brand ambassadors have played a key role in enhancing Manyavar’s appeal among urban, fashion-conscious consumers looking for stylish ethnic wear for weddings and celebrations.

Final Thoughts

Ravi Modi’s success story is a powerful example of how a small idea, backed by determination and innovation, can grow into a multi-billion-dollar business. From humble beginnings to becoming the face behind India’s leading ethnic wear brand, Ravi Modi and Manyavar continue to inspire the next generation of entrepreneurs.