Vedant Fashions Ltd. Company History and Annual Growth Details

The Company was originally incorporated as “Vedant Fashions Private Limited” at Kolkata, West Bengal as a private limited company under the Companies Act, 1956, pursuant to a certificate of incorporation dated May 24,2002, issued by the RoC. Pursuant to a takeover agreement dated June 1, 2002, the business of a proprietorship firm by the name of “M/s Vedant Creation”, which was being carried out by one of our individual Promoters namely Ravi Modi, was transferred to our Company as a going concern. Subsequently, our Company was converted into a public limited company under the Companies Act, 2013, pursuant to the approval accorded by our Shareholders at their extra-ordinary general meeting held on July 16, 2021. Consequently, the name of our Company was changed to “Vedant Fashions Limited” and a fresh certificate of incorporation consequent upon conversion from a private limited company to a public limited company was issued to our Company by the RoC on August 25, 2021.


Major events:

2010
Inauguration of our 100th EBO, in Santa Cruz, Mumbai, Maharashtra

2011
Launch of our first international store, in Dubai, United Arab Emirates

2012
Surpassed the 200 EBO mark
Crossed ? 1,000 million in EBO revenue

2013
Inauguration of our 300th EBO, in Quest Mall, Kolkata, West Bengal
Presence of EBOs in 100 cities.
Collaboration with Kolkata Knight Riders, Delhi Daredevils, and Sunrisers Hyderabad as their ‘Official Indian Wear Partner’ at the Indian Premier League

2014
Inauguration of our 333rd EBO, in Lower Parel, Mumbai, Maharashtra
Collaboration with Hero Indian Super League as Associate Sponsor

2015
Inauguration of our 400th EBO, in Hazrathanj, Lucknow, Uttar Pradesh
Launch of our women’s celebration wear label ‘Mohey’

2016
Launch of our first store in USA, in New Jersey
Crossed ?5,000 million in EBO revenue

2017
Strategic acquisition of brand ‘Mebaz’ from New Meena Bazaar International Private Limited
Investment from Kedaara Capital AIF – 1 and Rhine Holdings Limited

2018
Collaboration with Rajasthan Royals and Kings XI Punjab as their official sponsors at the Indian Premier League
Refreshed launch of our value celebration wear label ‘Manthan’

2019
Inauguration of our 600th store, in Mysore, Karnataka
Launch of premium men’s wear brand ‘Twamev’
Crossed ?10,000 million in EBO revenue
Crossed 1 million sq. ft. of EBO presence

2020
Launch of the “Manyavar” mobile application

2021
Partnership with Femina Miss India 2021 as Celebration Wear Partner
Collaboration with ICC Men’s T20 World Cup 2021 as the ‘ICC Official Partner’