Draft:Ravi Modi
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| This article, Draft:Ravi Modi, has recently been created via the Articles for creation process. Please check to see if the reviewer has accidentally left this template after accepting the draft and take appropriate action as necessary.
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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][4]
According to the IIFL Hurun India Rich List 2022, Modi's net worth is ₹32,400 crore with 41 on the list.[5][6]
Early life and education
Modi was born and raised in Kolkata, West Bengal, India. He is the third child alongside three sisters.[7] His father was a businessman and ran a 140-sq-ft retail store inside AC Market in Kolkata in 1975 under the name of one of Modi’s sisters, Vandana.[8][9] He was good in Mathematics & resides in a society on the outskirts of Kolkata which is away from the metropolis bustle.[5] He did his bachelor's degree from St. Xavier's College, Kolkata.[10]
Career
In 2001, Modi took ₹10,000 from his mother as a seed capital.[10][11] Next year in 2002, he started Vedant Fashions in Kolkata, to manufacture traditional Indian garments and he named the business after his son Vedant.[12] Modi launched brand Manyavar to cater men with mid-segment price in 2002 in Kolkata[13] and set up first standalone exclusive brand outlet (EBO) store in Bhubaneshwar in 2008 as Manyavar.[14] Modi launched brand Mohey in 2015 to cater women specialise in traditional Indian occasion wear and are priced in the mid-segment of the market.[13] He moved to a franchise model from company-owned and company-operated stores in 2016.[15] Modi made his company Vedant Fashions to a profitable initial public offering (IPO) in 2022 and became one of India's richest person in 2022.[13]
Personal life
Ravi Modi married Shilpi Modi in the year 1987. They have a son, Vedant who is the chief marketing officer (CMO) of Vedant Fashions.[15]
Awards
- Winner of the entrepreneur of the year 2022 under the category Consumer Products and Retail.[16]
References
- ^ "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.
- ^ Gautam, Vanya (2024-02-20). "From Nikhil Kamath To Radha Vembu: 10 Youngest Indians On Forbes Richest List". Indiatimes. Retrieved 2024-09-15.
- ^ Gupta, Paromita (2024-06-29). "Rare Rabbit bags funding from Gruhas, A91 and Ravi Modi's Family Office". Entrepreneur. Retrieved 2024-09-15.
- ^ 5.0 5.1 "Hurun Rich List 2022: Who is Ravi Modi, whose net worth grew 376%?". Hindustan Times. 2022-09-25. Retrieved 2024-03-19.
- ^ Gopalan, Krishna (2022-09-21). "IIFL-Hurun Rich List: 14 new billionaires make the cut; led by Nykaa's Falguni Nayar, Vedant Fashions' Ravi Modi". Business Today. Retrieved 2024-09-15.
- ^ "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.
- ^ Kumar, Anurag (2023-07-05). "Meet Ravi Modi, The Man Who Gave Indian Weddings A Classy Touch With His Brand Manyavar | His Net Worth and More". Times Now. Retrieved 2024-09-15.
- ^ 10.0 10.1 "मां से 10 हजार लेकर बना दी 32,000 करोड़ की कंपनी, रवि मोदी ने आखिर कैसे किया यह कमाल!". Navbharat Times (in हिन्दी). Retrieved 2024-03-19.
- ^ Naidu, Pavan (3 Jun 2024). "Meet man who started business with just Rs 10000, turned it into Rs 25400 crore company, his net worth is…". DNA India. Retrieved 2024-09-15.
- ^ "The 45-year old founder of Manyavar is worth over Rs 30,000 crore". CNBCTV18. 2022-11-28. Retrieved 2024-03-19.
- ^ 13.0 13.1 13.2 IN, FashionNetwork com. "Vedant Fashions Q3 net profit rises 5 percent to Rs 158 crore". FashionNetwork.com. Retrieved 2024-09-15.
- ^ Datta, Aveek (11 Aug 2017). "Vedant Fashions: Stitching Success With Ethnic Wear". Forbes India. Retrieved 2024-09-15.
- ^ 15.0 15.1 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.
External links
- CS1 हिन्दी-language sources (hi)
- Short description with empty Wikidata description
- Draft topics used in wrong namespace
- AfC topic used in wrong namespace
- Pending AfC submissions
- Pending AfC submissions in article space
- AfC submissions by date/15 September 2024
- AfC submissions by date/02 September 2024
- AfC submissions by date/31 August 2024
- People from Kolkata
- St. Xavier's College, Kolkata alumni
- Businesspeople from Kolkata