What we do Vedant Fashions Limited is a leading Indian ethnic wear company specializing in men's and women's wedding and celebration garments under brands like Manyavar and Mohey. |
Founded in 2,002 |
Market share Market leader in Indian wedding and celebration wear with dominant pan-India presence and growing international footprint. |
Problem solved Provides premium, aspirational ethnic wear fulfilling the need for high-quality Indian wedding and festive attire with seamless omni-channel shopping. |
Top clients or who we serve Serves men, women, and children across India and select overseas markets via franchisee EBOs, MBOs, online platforms; B2C retail focused. |
Key management Chairman & Managing Director: Mr. Ravi Modi (founder), supported by experienced professional leadership and a strong board. |
Our journey and innovations Founded in 2002, listed in 2022, amalgamated subsidiaries, launched multiple brands, expanded nationwide and overseas with tech-enabled supply chain. |
Where we operate Primarily India, with 1.79 million sq.ft retail space over 676 stores; international presence in USA, UAE, Canada, UK, and Australia. |
Top products or what we offer Men’s ethnic wear (sherwanis, kurtas), women’s attire (lehenga, sarees), kids’ festive wear, accessories via Manyavar, Mohey, Mebaz, Twamev, Manthan. |
Top brands Manyavar - #1 men’s Indian wedding wear brand; Mohey - largest women's celebration wear brand; Mebaz, Twamev, Manthan catering diverse segments. |
Raw materials needed Textiles including fabric, embroidery materials, synthetic blends, accessories, packaging materials. |
Raw materials supplier Sourced from organized textile and accessory manufacturers and suppliers within India and select imports. |
Recurring vs cyclical contribution Revenue largely recurring through continuous festive and wedding seasons, supported by omni-channel retail sales. |
Our industry position Top position with largest market share in organized Indian ethnic wear segment and leadership in branded wedding attire nationwide. |
Financial highlights FY24-25 revenue ₹13,865 million, PAT ₹3,885 million with 28% margin; healthy growth and consistent profitability over years. |
Geographical revenue split Majority revenue from India (~98%), overseas markets contribute ~2%. |
Order book - |
Whats driving growth Expanding retail footprint, brand appeal, omni-channel capabilities, and increasing Indian wedding market spend drive growth. |
Our future plans Retail expansion in India and overseas, digital initiatives, brand portfolio enhancement, and sustained margin improvement. |
Our green promise Energy-efficient operations, reduced GHG emissions with carbon unit purchases, and transitioning to electric company vehicles. |
Our people and values Workforce of 770 employees embracing diversity, employee stock option plans, and nurturing customer-first culture. |
Key challenges ahead Managing competition, supply chain risks, maintaining growth in evolving consumer landscape, and cost inflation risks. |
Interesting facts Largest branded wedding wear company in India by revenue, franchisee-led model with over 676 stores and 1.79 million sq.ft retail space. |
Risks and strategy Risks include market cyclicality and competition; mitigated through diversified brand portfolio, tech-driven supply chain, and strong governance. |
