Meet the man who owed his mother Rs ten thousand when he was 13 years old. Now, he owns a business worth Rs 32000 crore, and his net worth is...

He laid its foundation with just Rs 10,000 which he borrowed from his mother. After that, he began manufacturing Indian clothing and entered various Indian state markets.

Met a man who at 13 worked as a salesman, borrowed Rs 10,000 from his mother, now owns a business worth Rs 32,000 crore, net worth is... He built his foundation with just Rs 10,000 which he borrowed from his mother. He then started manufacturing Indian clothes and ventured into major markets in various states of India.

Whenever we think of luxurious and heavy sarees and lehengas for Indian weddings, the first thing that comes to our mind is the brand “Manyavar”. It is the symbol of true success. The man behind this famous and iconic ethnic wear brand is Ravi Modi. Vedant Fashions, which owns popular brands like 'Manyavar', 'Mohey', 'Manthan', 'Mebaz' and 'Twamev', was founded by Modi.

After leading his company to a profitable IPO in 2022, he became one of India's richest people last year. Modi started working as a salesman in his father's clothing store at the age of 13. After a few years, he finally took control of the company. 

In 2002, Ravi Modi founded Vedant Fashions, named after his son, in Calcutta to create traditional Indian wear. He laid the foundation with just Rs 10,000 that he borrowed from his mother. He then started manufacturing Indian clothes and ventured into major markets in various states of India, thereby laying the foundation for Manyavar.

Modi's business growth was further fueled by his focused strategies, which included opening exclusively branded sites and selling to format stores. Currently, Manyavar has become an extremely famous and iconic Indian wedding-wear brand, which is popular for its men's kurtas, sherwanis, and jackets, along with women's lehengas, sarees, and dresses with modern designs and patterns.

The brand’s popularity is accentuated by endorsements by popular celebrities like Virat Kohli, Anushka Sharma, Ranveer Singh, Alia Bhatt, and Kartik Aaryan. The company has expanded to 662 stores across 248 cities in India and 16 international stores.

Due to the skyrocketing success of his business, Modi's net worth has significantly risen from $2.5 billion to $3 billion by April 2023, placing him at number 1,238 on the Forbes World's Billionaires List of 2022. According to Forbes, he is ranked as the 64th richest person in India with a net worth of Rs 28,000 crore.

While Vedant Fashions is currently valued at Rs 32,000 crore (9,87,. With a widespread presence in the market and growing innovation, Vedant Fashions and Manyavar are poised for sustainable growth and revolutionizing the Indian fashion industry.

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