Manyavar

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Manyavar
TypePublic
ISININE825V01034
Founded1999
FounderRavi Modi
Headquarters
Kolkata, West Bengal
,
India
Area served
Worldwide
Products
Brands
  • Manyavar
  • Mohey
  • Mebaz
  • Twamev
  • Manthan
ParentVedant Fashions Limited
Websitewww.manyavar.com

Manyavar is an Indian celebration wear brand, owned by the Kolkata-based company Vedant Fashions Limited.[1][2][3] The company was founded by Ravi Modi in 1999.[4][5]

History[]

Ravi Modi worked at his family's garment store in Shakespeare Sarani. In 1999, he started working on Manyavar concept with a capital of INR 10,000. He initially sold through other retailers like Pantaloons and later founded Vedant Fashions in 2002. The first outlet was started in Bhubaneshwar in 2008.[6] In 2010, they expanded their services outside India with the opening of first international store in Dubai and Bangladesh. In 2012, Manyavar inaugurated India’s largest EBO in Karol Bagh, New Delhi and launched their website.[7] Later in 2016, Manyavar got into women's ethnic garments with the launch of Mohey.[8][9] In February 2022, Vedant Fashions became a publicly-listed company after an initial public offering.[10]

Awards[11][]

Year Award
2019 Zee Business Dare to Dream Awards- Company of the Year - Retail
Best Men's Ethnic Wear Brand (East)- Times Business Awards
Retail Marketing Campaign of the Year- Asia Retail Congress (#IndiaEthnicWeek)
2018 Prime Time Award for recognizing Outstanding TV Campaigns by Jewellery, Fashion and Lifestyle Industry (Naye Rishte Naye Vaade)
2017 Most Admired Fashion Brand of the Year: Men's Indian Wear by Images Fashion Awards, Mumbai
2016 Effective Retail through Supply Chain by Asia Retail Congress
Highest Job Creator by ET Bengal Corporate Awards

References[]

  1. ^ "EdelweissResearch Manyavar Research".{{cite web}}: CS1 maint: url-status (link)
  2. ^ "Phillipcapital Manyavar Link" (PDF).{{cite web}}: CS1 maint: url-status (link)
  3. ^ "Rating Rationale". www.crisil.com. Retrieved 2021-12-05.
  4. ^ Boby Kurian (May 9, 2017). "Manyavar owner eyes women's brand Soch - Times of India". The Times of India. Retrieved 2021-11-01.
  5. ^ "Global Indian Ethnic Wear Market Share, Statistics, CAGR, Outlook, Global Trends, Comprehensive Research Study, Development Status, Opportunities, Future Plans, and Covid-19 Impact 2021-2026". www.wboc.com. Retrieved 2021-12-05.
  6. ^ "Vedant Fashions: Stitching Success With Ethnic Wear". Forbes India. Retrieved 2021-11-01.
  7. ^ "Manyavar". www.manyavar.com. Retrieved 2022-03-24.
  8. ^ Rakshit, Avishek (2017-06-12). "Manyavar's Vedant Fashion looks for dual acquisition to lead women's wear". Business Standard India. Retrieved 2021-11-01.
  9. ^ "Manyavar | Manyavar - Manyavar & Mohey - Destination Store For Ethnic Wear For Men & W". www.manyavar.com. Retrieved 2022-03-23.
  10. ^ "Vedant Fashions Lists At Over 8% Premium Over Issue Price". NDTV.com. Retrieved 16 February 2022.
  11. ^ "The Awards & Recognition For Manyavar For Best Quality Designer wear". www.manyavar.com. Retrieved 2022-03-24.
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