Draft:Ravi modi
| Submission rejected on 22 November 2024 by Bonadea (talk). This topic is not sufficiently notable for inclusion in Wikipedia. Rejected by Bonadea 6 minutes ago. Last edited by Bonadea 2 minutes ago. |  |
| Submission declined on 21 November 2024 by CharlieMehta (talk). This submission's references do not show that the subject qualifies for a Wikipedia article—that is, they do not show significant coverage (not just passing mentions) about the subject in published, reliable, secondary sources that are independent of the subject (see the guidelines on the notability of people). Before any resubmission, additional references meeting these criteria should be added (see technical help and learn about mistakes to avoid when addressing this issue). If no additional references exist, the subject is not suitable for Wikipedia. Declined by CharlieMehta 19 hours ago. |  |
| Submission declined on 21 November 2024 by Qcne (talk). The content of this submission includes material that does not meet Wikipedia's minimum standard for inline citations. Please cite your sources using footnotes. For instructions on how to do this, please see Referencing for beginners. Thank you. Declined by Qcne 20 hours ago. | |
Comment: Already rejected as Draft:Ravi Modi, and so promotionally written that it would be entirely inappropriate even if notability had been show (it hasn't). bonadea contributions talk 08:55, 22 November 2024 (UTC)
- Comment: WP:NPPHOUR over. A similar draft, Draft:Ravi Modi, has already been rejected several times. Charlie (talk) 13:07, 21 November 2024 (UTC)
- Comment: Many parts of this draft have no in-line citations. We require in-line citations for every piece of information, starting with the date of birth. See WP:BLP for more information. qcne (talk) 12:15, 21 November 2024 (UTC)
Ravi Modi | |
|---|---|
 | |
| Born | 13 April 1977 |
| Alma mater | Bachelor in Commerce, St. Xavier's College, Kolkata |
| Occupation(s) | Founder and Chairman of Vedant Fashions Limited. (Manyavar, Mohey, Twamev) |
| Known for | Founder of Manyavar, a leading Indian men’s wear brand |
| Spouse |
Shilpi Modi (m. 1987) |
Introduction
[edit]Ravi Modi (born 13 March 1977) is an Indian entrepreneur and the founder, chairman, and managing director of Vedant Fashions Limited, best known for the Indian men’s wear brand Manyavar..[1]. Modi is listed on the 2022 Forbes World’s Billionaires List, with a net worth of approximately $3.3 billion..[2], and is recognized as one of India's youngest billionaires.
Early Life
[edit]Ravi Modi was born on 13 March 1977 in Kolkata, into an Indian businessman family. His entrepreneurial spirit emerged at a young age when he began helping his father at their retail store at just 13. For the next nine years, he immersed himself in learning the intricacies of the business, from managing inventory to attending to customers. The early exposure laid the foundation for his deep understanding of retail, customer service, and business operations.
Education
[edit]Ravi Modi completed his Bachelor of Commerce (B.Com) degree at St. Xavier's College, Kolkata. His education, coupled with experience at his father’s store, provided him with the foundation to pursue a career in business.
Professional Journey
[edit]In 1999, Ravi Modi began his entrepreneurial journey by borrowing ₹10,000 from his mother to venture into the manufacturing of traditional Indian wear[3] . Starting with a modest setup, he supplied garments to Multi-Brand Outlets (MBOs) across India. Recognizing the untapped potential in wedding and celebration wear, a segment lacking organized players, he strategically shifted focus to cater to this market.
By 2005-2006, Modi expanded distribution to Large Format Stores (LFS) like Future Group, Westside, and Shoppers Stop. In 2008, he inaugurated the first exclusive brand outlet (EBO) for Manyavar in Bhubaneswar[4] , emphasizing operational efficiency and data-driven strategies to manage costs and deliver value. Over time, Manyavar established itself as a leader in Indian wedding wear for men, women, and children. In 2016, Modi further diversified the brand's portfolio by launching Mohey, a celebration wear line for women, while maintaining a strong focus on market demand and customer service.
Establishment and Vision of Manyavar
[edit]Ravi Modi founded Manyavar with a vision to create a leading brand for Indian wedding and celebration wear, emphasizing values of honor and prestige. The brand aimed to cater to diverse demographics across India, offering traditional attire that reflects the country’s cultural richness.
- 1999: With an initial investment of ₹10,000 borrowed from his mother, Modi began manufacturing traditional Indian wear, selling through multi-brand outlets (MBOs)[5].
- 2008: The first exclusive brand outlet (EBO) opened in Bhubaneswar[6].
- 2015: Introduction of Mohey, a women’s celebration wear brand[7].
- 2016: Virat Kohli was signed as brand ambassador[8], coinciding with his appointment as captain of the Indian cricket team.
- 2019: Launch of Twamev, a bridge-to-luxury wedding wear brand, alongside an expansion to 1 million sq. ft. of retail space[9]
- 2022: Vedant Fashions Ltd., the parent company of Manyavar, became a publicly listed entity[10]
Philanthropy and Social Contributions
[edit]Ravi Modi is also dedicated to philanthropy and community development. His social enterprise, Manas, funds 1,000 heart surgeries for individuals in need across India. Through Manyavar, he supports several charitable organizations, including:
- Ashoka University Delhi: Modi contributes to higher education and research initiatives focused on societal development, serving as both a founder and sponsor.[11]
Modi’s philanthropic work addresses issues such as education, healthcare, and development, with the aim of supporting marginalized communities and promoting long-term, sustainable growth.
Personal Life
[edit]Ravi Modi is happily married to Shilpi Modi, and they have a son named Vedant.
Awards
[edit]Ravi Modi’s impact on the retail and fashion industry has earned him several prestigious awards:
- EY Entrepreneur of the Year Award (EOY) - Consumer Products and Retail (2022)[12]
- Young Retailer of the Year (Asia Retail Congress, 2012)[13]
- Bravery and Entrepreneur Award (Parwaz Media Group, 2015)[14]
- Emerging Leader (CMA Management Excellence Awards, 2015)[15]
- Retail Icons of India (Images Group, 2019)[16]
Ravi Modi’s achievements reflect his commitment to business excellence and his contributions to society.
References
[edit]- ^ Raghunathan, Anuradha (December 6, 2022). "How Ravi Modi built the Manyavar empire". forbesindia.com. Forbes India. Retrieved November 22, 2024.
- ^ Balachandran, Manu (Apr 27, 2022). "The Untold Story Of How Ravi Modi Built Vedant Fashions—the Makers Of Manyavar—into A $3.5 Billion Behemoth". Forbes India. Retrieved 2022-12-06.
- ^ Naidu, Pavan (June 3, 2024). "Meet the Man Who Started a Business with Just ₹10,000 and Turned It into a ₹25,400-Crore Company". DNA India. Retrieved September 15, 2024.
- ^ Chauhan, Rita G. (January 30, 2018). "Manyavar strengthens its presence in Odisha". Retail4Growth. Retail4Growth. Retrieved November 22, 2024.
- ^ Pathak, Analiza (September 19, 2024). "Meet man, who turned Rs 10000 borrowed from mother into Rs 32000 crore company". india.com. India. Retrieved November 22, 2024.
- ^ Diary bureau, Odisha (November 28, 2017). "1st store of Manyavar Mohey brand launched in Odisha". Odisha Diary. Odisha Diary. Retrieved November 22, 2024.
- ^ Resources News-Desk, Apparel (September 23, 2024). "Mohey launches new campaign featuring Janhvi Kapoor". Apparel Resources. Apparel Resources. Retrieved November 22, 2024.
- ^ Malvania, Urvi (November 7, 2016). "Manyavar appoints Virat Kohli as its brand ambassador". Business Standard. Retrieved November 22, 2024.
- ^ Raghunathan, Anu (October 12, 2022). "This Billionaire Made His Fortune Selling Affordable Fashion For Big Fat Indian Weddings". forbes.com. Forbes. Retrieved November 22, 2024.
- ^ Retailer Bureau, Indian (September 13, 2021). "Vedant Fashions which owns Manyavar brand files IPO papers with SEBI". Indianretailer.com. Indian Retailer. Retrieved November 22, 2024.
- ^ "Ashoka University - Ravi Modi Profile". ashoka.edu.in. Retrieved 2024-11-21.
- ^ "Category winner: Consumer Products and Retail". ey.com. Retrieved 2022-11-21.
- ^ "Young Retailer of the Year". asiaretailcongress.com. Retrieved 2012-11-21.
- ^ "Bravery and Entrepreneur Award, presented by Parwaz Media Group, 2015". irftrustedmark.org. Retrieved 2015-11-21.
- ^ "Emerging Leader by CMA Management Excellence Awards,2015". irftrustedmark.org. Retrieved 2015-11-21.
- ^ "Recognized by Forbes India in 2017 as one of the "Bootstrapped Bosses". forbes.com. Retrieved 2024-10-25.