Draft:Ravi Modi
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Ravi Modi | |
|---|---|
| Born | 1977 (age 47)[1] |
| Alma mater | Bachelor in Commerce, St. Xavier's College, Kolkata |
| Spouse |
Shilpi Modi (m. 1987) |
| Children | Vedant Modi (son) |
| Website | https://manyavar.com/ |
Ravi Modi is an Indian billionaire businessman, who is the founder and chairman of franchise-based apparel company Vedant Fashions.[2][3]
According to the IIFL Hurun India Rich List 2022, Modi's net worth is ₹32,400 crore with 41 on the list.[4]
Early life and education[edit]
Modi was born and raised in Kolkata, West Bengal, India. He is the third child alongside three sisters.[5] His father was a businessman and ran a 140-sq-ft retail store inside AC Market in Kolkata in 1975.[6] He was good in Mathematics & resides in a society on the outskirts of Kolkata which is away from the metropolis bustle.[4] He did his bachelor's degree from St. Xavier's College, Kolkata.[7]
Career[edit]
In 2001, Modi took ₹10,000 from his mother as a seed capital.[7]
In 2002, he started Vedant Fashions in Kolkata, to manufacture traditional Indian garments and he named the business after his son Vedant.[8]
In 2008, he set up first standalone exclusive brand outlet (EBO) store as Manyavar.[9]
In 2016, he moved to a franchise model from company-owned and company-operated stores.[10]
Personal life[edit]
Ravi Modi married Shilpi Modi in the year 1987. They have a son, Vedant who is the chief marketing officer (CMO) of Vedant Fashions.[10]
Awards[edit]
- Winner of the entrepreneur of the year 2022 under the category Consumer Products and Retail.[11]
References[edit]
- ^ "How Ravi Modi built the Manyavar empire". Forbes.com. 6 Dec 2022. Retrieved 19 March 2024.
- ^ "How Ravi Modi Built The Manyavar Empire". Forbes India. Retrieved 2024-03-19.
- ^ "Manyavar: The Indian Ethnic Wear Disruptor | CEOInsights Vendor". www.ceoinsightsindia.com. Retrieved 2024-03-19.
- ^ a b "Hurun Rich List 2022: Who is Ravi Modi, whose net worth grew 376%?". Hindustan Times. 2022-09-25. Retrieved 2024-03-19.
- ^ "Meet Ravi Modi, The Man Who Gave Indian Weddings A Classy Touch With His Brand Manyavar | His Net Worth and More". TimesNow. 2023-07-05. Retrieved 2024-03-19.
- ^ "The Untold Story Of How Ravi Modi Built Vedant Fashions—the Makers Of Manyavar—into A $3.5 Billion Behemoth". Forbes India. Retrieved 2024-03-19.
- ^ a b "मां से 10 हजार लेकर बना दी 32,000 करोड़ की कंपनी, रवि मोदी ने आखिर कैसे किया यह कमाल!". Navbharat Times (in Hindi). Retrieved 2024-03-19.
- ^ "The 45-year old founder of Manyavar is worth over Rs 30,000 crore". CNBCTV18. 2022-11-28. Retrieved 2024-03-19.
- ^ "Weekly Wrapup: The Extraordinary Manyavar & Mohey". Finshots. 2022-10-08. Retrieved 2024-03-19.
- ^ a b Raghunathan, Anu. "This Billionaire Made His Fortune Selling Affordable Fashion For Big Fat Indian Weddings". Forbes. Retrieved 2024-03-19.
- ^ "Ravi Modi". www.ey.com. Retrieved 2024-03-19.