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@stockmaverickofficial
Ravi Modi’s journey is truly inspiring. He was a math prodigy in his childhood and went on to establish Vedant Fashions, the company known for Manyavar. His path to success began by working in his father's small store, but instead of pursuing an MBA, he chose to gain practical experience. As his business expanded, Ravi made critical decisions, often differing from his father's ideas. There was a pivotal moment when his father questioned one of his choices, causing deep hurt. In response, Ravi decided to strike out on his own, starting with just $10,000 borrowed from his mother. He ventured into crafting Indian clothing and selling it across various states. To launch Manyavar, he sold some of his products to Vishal Mega Mart, which provided the necessary capital to sustain the business. Ravi adhered to his father's counsel by avoiding debt and reinvesting most of his profits back into the company. In 2008, Manyavar inaugurated its first store in Bhubaneswar, marking the onset of a remarkable growth trajectory. Today, Manyavar boasts numerous stores throughout India and has ambitious expansion plans, particularly in cities like Bengaluru and Hyderabad. The company's adaptable and efficient business model positions it for sustained success in the Indian fashion industry. Currently, it operates more than 600 outlets and is valued at an impressive Rs 27,000 crore. #manyawar #clothingbrand #clothingstartup #hyderabad #bengaluru #InspiringSuccess #inspirational #startup #startupideas #startupindia #startupnewsindia #StartupStory #startupsuccess #marketinggrowmatics
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