Ravi Modi

Early Life

Ravi Modi was born in 1977 in a Marwari family. He was a child math prodigy. His entrepreneurial journey began at the age of 13 when he started working in his father's clothing store in Kolkata, which gave him valuable exposure to the nuances of the apparel trade.

Rise to Success

With experience and ambition, he started his entrepreneurial journey. He started his career with Vedant Fashions, naming it after his son. He focused on Indian wear. He launched Manyavar, a brand dedicated to ethnic menswear, especially wedding and festive clothing. His growth strategy relied on visibility and accessibility. Manyavar's expansion strategy has been successful, and the brand has a significant presence across India and internationally.

Key Business Strategies

Ravi Modi's business acumen has been key to the company’s success. His strategies include a franchise model, innovation, and automation. The company's retail presence includes over 660 outlets across 263 cities in India and 17 international stores. Manyavar has never sold a single garment at a discount and yet has always managed to achieve negligible dead stock.

Philanthropy

Ravi Modi is involved in philanthropic activities, especially in healthcare and education. His social healthcare enterprise “Manas” has done more than 500 heart surgeries.