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As per the reports of CRISIL, Vedant Fashions is the largest company in India in the men's Indian wedding and celebration wear segment in terms of revenue, OPBDIT, and profit after tax for the Financial Year 2020. As of financially ear 2020, ‘Manyavar’ brand is a category leader in the branded Indian wedding and celebration wear market with a pan-India presence. The company has established a multi-channel network and introduced brands by identifying gaps in the under-served and high-growth Indian wedding and celebration wear category.
The firm's portfolio of products includes a diverse range of attires and accessories, each conceptualized by our designers who have experience in serving the distinct regional preferences of the Indian customer.
In Financial Years 2019, 2020, and 2021 and the three months ended June 30, 2021, 92.20%, 91.14%, 90.14%, and 87.79% of the Sales of our Customers, respectively, was generated by franchise-owned exclusive brand outlets (our “EBOs”), with the remaining by multi-brand outlets (“MBOs”), large format stores (“LFSs”) and online platforms, including our website (www.manyavar.com) and mobile application.
|Entity Name||By the Company||Against the Company||By the Director||Against the Director||By the Promoter||Against the Promoter|
|Material civil cases||-||-||-||-||-||-|
|Income Statement(in Milllions)||FY21||FY20||FY19|
|Gross Operating Income||6,250.19||9,479.76||8,197.99|
|Cost of Employee & Inventory||381.07||532.96||472.13|
|Profit/Loss Before Tax||1,819.17||3,118.41||2,709.38|
|Profit After Tax||1,329.03||2,366.37||1,764.27|
Ravi Modi, Shilpi Modi, And Ravi Modi Family Trust
• No listed Peer
The IPO aims to utilize the net proceed for the following objectives; • To achieve the benefits of listing the equity shares on the stock exchanges; and • To carry out the Offer for Sale of up to 36,364,838 equity shares by the selling shareholders.