About Vedant Fashions Limited

The company Vedant Fashions Limited operates as a publicly traded Indian business entity, which received its incorporation on May 24 2002, for creating readymade Indian wedding and celebration clothing for men and women, and children. The company operates under brands Manyavar and Mohey and Mebaz and Twamev, and Diwas and its stock trades on BSE and NSE exchanges. The company operates 678 stores (including SIS) across 256 cities and towns worldwide through its Exclusive Brand Outlets, which now cover 1.79 million sq. ft. of retail space. The company expanded its omni-channel operations through its website and physical retail stores.

The company operates its business through a central warehouse located in Dhulagarh, Howrah and a manufacturing facility based in Barasat, Kolkata, West Bengal. The National Company Law Tribunal issued a November 11 2024 order which sanctioned an amalgamation scheme. Thus, the company operated without any subsidiaries during the period ending March 31 2025.

The company achieved several important milestones including starting brand Manyavar operations in 1999 followed by Vedant Fashions Pvt. Ltd. incorporation in 2002 and the opening of its first exclusive brand outlet in 2008 and its first international store in Dubai in 2011 and Mohey brand launch in 2015 and US market entry and achieving Rs 5,000 Million in EBO revenue in 2016 and acquiring Mebaz strategically in 2017 and launching Twamev and reaching Rs 10,000 Million EBO revenue and 1 Million sq. ft. EBO presence in 2019 and stock exchange listing in 2022 and launching Twamev EBOs exclusively in 2023 and starting Mohey flagship EBO and Diwas celebration-wear brand in 2024.

Vedant Fashions Limited, Key Management

• Ravi Modi, Chairman and Managing Director of the company.
• Shilpi Modi, Whole-time Director at the company.
• Rahul Murarka, Chief Financial Officer.
• Navin Pareek, Company Secretary and Compliance Officer.
• Vedant Modi, Chief Revenue Officer of the company.
• Anand Narang, Chief Marketing and Digital Officer of the organisation.
• Amar Sethia, Chief Product Officer.
• Ajay Modi, Chief Supply Chain Officer of the organisation.
• Arjun Roy, Chief Technology Officer at the company.

Latest Updates on Vedant Fashions Limited 

• New Brand Launch: The company launched Diwas as a new brand which focuses on Gen Z customers through its mid-premium celebration-wear products available in MBOs and e-commerce platforms to create a culturally rooted festive dressing movement. The company launched Diwas as its first D2C brand, which received positive feedback from consumers, according to management.
• Technology and training: Vedant Fashions introduced the VFL Parivaar app, which serves as an AI-based learning management system that now reaches more than 3,000 frontline fashion advisors to create standardised store responses across all locations. The company replaced its outdated ERP components with proprietary middleware and connected suppliers and jobbers to its technology platform, and deployed AI and data solutions for better decision-making and operational efficiency.
• Retail footprint: The company expanded its net retail area by 85 thousand square feet throughout the year, while its EBO space grew to 1.79 million sq. ft. across 678 stores (SIS included) in 256 cities and towns worldwide during March 2025.
• Corporate action: The NCLT issued an order on November 11 2024, which led to the implementation of a scheme of amalgamation on November 30, 2024, thus eliminating all subsidiary operations as of March 31 2025.
• Credit profile: CRISIL maintained the company’s long-term rating at AA/Stable and its Rs 10 crore Commercial Paper programme at A1+ throughout the year.