Rank #2879
Ravi Modi
Net worth $1.3B
Readymade garments · India
- Born
- Mar 13, 1977
- Age
- 49
- Source
- Readymade garments
- Residence
- Kolkata
- Citizenship
- India
- Marital status
- Married
- Children
- 1
- Education
- B.Com, St Xavier's College Calcutta
Net worth over time
Biography
- Ravi Modi started Vedant Fashions, named after his only son, in Kolkata city in 2002 to manufacture traditional Indian garments.
- Vedant's popular brand Manyavar is best known for its men's kurtas, sherwanis and jackets and women's lehengas, sarees and gowns, aimed at the Indian wedding market.
- Modi's wife Shilpi has a board seat, while his son Vedant is the company's chief revenue officer.
- The Kolkata company has more than 670 stores across 245 cities and 14 international stores.
- Modi sold 10% of his stake in 2023 to increase the public holding in the company to 25% as required by the stock market regulator.
- Modi opened the first international Manyavar store in Dubai in 2011.
- In 2022, Modi took Vedant Fashions public.
- Media-shy Modi did not attend his company's listing ceremony at the National Stock Exchange.
Financial assets
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