Last update:
Ravi Moody Manavar established a dispute with his father regarding their clothes store in Colkata.
Maneavar is now among the most famous brands in India. (Photo Graphics: Instagram)
When it comes to wedding clothes and sweaty clothes, Manyavar is one of the leading brands in this sector. But a few of them know the extent of the establishment of Vanafar. The story behind the company is a source of inspiration for many emerging entrepreneurs. A video on Instagram highlights how the company starts and slowly became a big name in India.
Shankar_unraveled, Chancar_Unravellled, has explained the cluster of the Manyavar ascending.
Manyavar: How the brand was established
The owner of the company, Ravi Modi, was a teenager when he started visiting his father’s retail store in Kolkata. While understanding the peculiarities and generalities of the work, he had an idea – Ravi believed that selling Courtas could be a great opportunity for the store to gain more profits. His father opposed.
Moody decided to branch and leave his father’s work. The foundations of the manyavar with only 10,000 rupees. One of his strategies to increase sales was not to open his own store, but persuade chains like Big Bazaar to store its products. The plan worked. Sales increased, and Modi got 4 rupees in three years.
How Vanafar overcame the problems
Soon after, Modi realized that companies do not share data on changing tastes in clothes with him, leaving him without clearly about what he succeeded and what he did not succeed. Then he decided to open the exclusive MANYAVAR ports that collected data by country and city and even the pin code. The result? Manyavar has become a pioneering company in the retail sector.
MD focused on four main values in his business ꟷ Use of technology, transparency, efficiency and comprehensive growth for all stakeholders. According to Forsa, Ravi Modi began Vedant fashion, the collection by which Manyavar Falls, in 2002 in Colkata. It was named after his son, the company manufactured traditional Indian clothes.
The company has more than 660 stores in India and 17 international stores in countries such as Canada, the United Arab Emirates and the United States. Moody Fidan Vanchons took in 2022, but being light media, he did not attend the listing ceremony on the National Stock Exchange. In 2023, he sold 10 percent of his share to reinforce the Holding Holding in Vedant Fashion to 25 percent, as required by the stock market organizer. Moody has a net value of $ 2.1 billion. It was listed in the 96th place in the Forbes list of the richest India in 2024.
A team of the book in news18.com brings you stories about what creates the Internet online while exploring science, cake, technology, gender, Population and Culture.
A team of the book in news18.com brings you stories about what creates the Internet online while exploring science, cake, technology, gender, Population and Culture.
Click here To add news18 as your favorite news source on Google, the News18 is characterized by designing stories, videos, and memes, covering twisted accidents, social media from India and around the world, also download it News18 app To stay aware!
View comments
- location :
Delhi, India, India
Read more
