Twamev

Howrah, India Founded: 2019 • Age: 7 yrs Listed
A luxury occasion wear brand specializing in kurta pajama sets, sherwanis, and Indo-Western outfits for men and women.
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About Twamev

Twamev is a publicly listed company based in Howrah (India) founded in 2019. A luxury occasion wear brand specializing in kurta pajama sets, sherwanis, and Indo-Western outfits for men and women. It operates on a B2C model. The company has 2,910 employees. Its website twamev.com draws about 224 thousand monthly visits. Its Indian entity Vedant Fashions Limited reported revenue of ₹1,529 Cr. Its focus areas include Fashion, Apparel and Luxury Wear. Its competitors include Bhaane, Louis Stitch and Aroka; 1 of its 3 listed competitors has raised funding.

Company details

Twamev a luxury occasion wear brand specializing in kurta pajama sets, sherwanis, and indo-western outfits for men and women, focusing on engaging in retail operations, dealing with fashion products, apparel, and luxury wear. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.

  • Headquarters Howrah, India
  • Employees 2,910
  • Stage Public
  • Sectors
    Retail
  • Website category Lifestyle · Jewelry and Luxury Products
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website twamev.com/en-us
  • Social X Facebook Instagram YouTube
  • Legal Name Vedant Fashions Limited
  • Date of Incorporation 24 May, 2002
  • Jurisdiction Kolkata, West Bengal, India
Operational Areas
Retail → Women Apparel E-Commerce
Key Metrics
  • Market Cap
    ₹12,071 Cr

    MANYAVAR · NSE

  • Share Price
    ₹505.70

    +1.79% today

  • Revenue
    ₹1,368 Cr

    FY 2023-24 · +0.9% YoY

  • EBITDA
    ₹658 Cr

    Margin 48.1%

  • Net Profit
    ₹400 Cr

    FY 2023-24 · -5.2% YoY

  • P/E (TTM)
    27.0x

    P/B 7.1x

  • ROE
    27.6%

    ROCE 29.1%

  • Debt / Equity
    0.25

    Interest cover 8.5x

  • Employee Count
    2,910

Apps and channels of Twamev

its YouTube channel Twamev Official has 2.95K subscribers and 12 videos.

Twamev Official
YouTube 2.95K subscribers 12 videos Other
Open channel

Videos from Twamev

The most watched videos on Twamev's YouTube channel, Twamev Official (2.95K subscribers). Click a video to play it here.

You, Truly I Twamev
3.8M views
Twamev, Truly You
1.1M views
Luxe Occasion Wear, Twamev
164.8K views
Luxe Occasion Wear, Twamev
86.9K views

More on Twamev Official.

Board of directors of Vedant Fashions Limited (Twamev)

Vedant Fashions Limited is the primary company behind Twamev. The board of Vedant Fashions Limited currently have 6 directors; the longest-serving is Ravi Modi, appointed in 2002. 4 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Ravi Modi
DIN 00361853
Managing Director24 May 200224 yrs 5 moVedant Fashions Limited
Shilpi Modi
DIN 00361954
Whole-time director24 May 200224 yrs 5 moVedant Fashions Limited
Sunish Sharma
DIN 00274432
Director24 Aug 20179 yrs 2 moVedant Fashions Limited
Manish Mahendra Choksi
DIN 00026496
Director06 Sep 20215 yrs 1 moVedant Fashions Limited
Neetu Kashiramka
DIN 01741624
Director02 Sep 20262 moVedant Fashions Limited
Nihir Parikh
DIN 03434395
Director02 Sep 20262 moVedant Fashions Limited

IPO & Listings of Twamev

Twamev is a publicly listed company on the NSE with ticker symbol MANYAVAR in India, operating in the Readymade Garments/ Apparells sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: MANYAVAR
  • Listed entityVedant Fashions Limited
  • Exchange sectorReadymade Garments/ Apparells

Financials of Twamev

Exchange-reported figures of Vedant Fashions Limited, the listed company behind Twamev (NSE: MANYAVAR).

Financial Highlights

FY 2023-24 · Consolidated
Revenue
₹1,368 Cr
+0.9% YoY
EBITDA
₹658 Cr
-1.9% YoY
Profit After Tax
₹400 Cr
-5.2% YoY
Net Worth
₹1,602 Cr
+14.4% YoY
Total Assets
₹2,232 Cr
+20.8% YoY
Total Debt
₹444 Cr
+51.5% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Income statement
Revenue1,3681,3551,041565916801758
Revenue growth+0.9%+30.2%+84.3%-38.3%+14.3%+5.6%-
EBITDA658671496243394274232
EBITDA margin+48.1%+49.5%+47.6%+43.0%+43.0%+34.2%+30.6%
Profit before tax548576423182312280226
Net profit400422310129232177144
Net profit margin+29.3%+31.2%+29.8%+22.8%+25.4%+22.1%+19.0%
EPS (₹)17.0517.6712.9810.7218.9014.5512.79
Balance sheet
Total assets2,2321,8471,4951,4221,425993803
Net worth1,6021,4001,0831,0911,066889705
Total debt4442932792923160.0012.69
Cash & bank21.7110.013.877.1119.901195.02
Net working capital532421364331418435310
Cash flow
Cash from operations48347035125324317752.39
Cash from investing(110)(232)56.46(88.42)(95.74)(163)(279)
Cash from financing(362)(232)(410)(166)(141)(12.86)224
ParticularsSep 2024Jun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022
Revenue268240363474218312342441
Revenue growth (YoY)+22.7%-23.0%+6.3%+7.5%-11.6%---
Other income19.2421.4624.1115.4715.1114.9813.449.98
EBITDA12211317524292.81148168224
EBITDA margin+45.5%+47.0%+48.2%+51.0%+42.5%+47.5%+49.1%+50.9%
Depreciation37.2937.1838.0634.4332.4629.9127.4425.05
Interest13.7213.9213.2211.1810.699.428.447.46
Profit before tax90.2283.0614821264.77124145202
Tax23.3220.5732.1354.2016.0631.8736.5951.60
Net profit66.9062.4911615848.7191.93109150
EPS (₹)2.752.574.756.502.013.794.496.19
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue1,4351,3861,3681,3261,009542915
Revenue growth+3.5%+1.4%+3.1%+31.5%+86.0%-40.7%-
EBITDA628643658658480235398
EBITDA margin+43.8%+46.4%+48.1%+49.6%+47.6%+43.3%+43.5%
Profit before tax496519548567414178323
Net profit353369400417304127241
Net profit margin+24.6%+26.6%+29.3%+31.4%+30.1%+23.5%+26.3%
EPS (₹)15.4615.9917.0517.4212.7110.5519.57
Balance sheet
Total assets2,6072,4622,2321,8421,4801,4221,425
Net worth1,9641,7861,6021,3951,0841,0991,076
Total debt458483444293263204234
Cash & bank11.0917.2321.718.173.336.9469.36
Net working capital637639532415362332479
Cash flow
Cash from operations481389483459341253251
Cash from investing(102)(15.88)(110)(228)62.01(90.02)(106)
Cash from financing(386)(377)(362)(226)(406)(165)(138)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue301399492263281367511268
Revenue growth (YoY)+7.2%+8.7%-3.8%-1.8%+17.3%---
Other income29.6926.3421.4419.9225.8322.0622.3919.24
Total expenses170221274152161202269146
EBITDA131179218111121166242122
EBITDA margin+43.5%+44.8%+44.4%+42.1%+42.9%+45.1%+47.4%+45.5%
Depreciation42.2043.8744.2141.6939.7839.4639.1337.29
Interest12.9513.2314.0314.9714.1313.6213.9513.72
Profit before tax10614818174.0492.5113521290.22
Tax24.9233.7846.3917.9622.2533.6053.5423.32

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 05 Nov 2026
ParticularsSep 2024Jun 2024Mar 2024Dec 2023Sep 2023Jun 2023Mar 2023Dec 2022
Revenue268240363474218312342441
Revenue growth (YoY)+22.7%-23.0%+6.3%+7.5%-11.6%---
Other income19.2421.4624.1115.4715.1114.9813.449.98
EBITDA12211317524292.81148168224
EBITDA margin+45.5%+47.0%+48.2%+51.0%+42.5%+47.5%+49.1%+50.9%
Depreciation37.2937.1838.0634.4332.4629.9127.4425.05
Interest13.7213.9213.2211.1810.699.428.447.46
Profit before tax90.2283.0614821264.77124145202
Tax23.3220.5732.1354.2016.0631.8736.5951.60
Net profit66.9062.4911615848.7191.93109150
EPS (₹)2.752.574.756.502.013.794.496.19
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Revenue1,3681,3551,041565916801758
Revenue growth+0.9%+30.2%+84.3%-38.3%+14.3%+5.6%-
Other income69.6740.2449.9360.2032.4319.0610.51
Total expenses709684545322522527526
Employee cost56.7856.6357.5338.1153.3047.2148.96
EBITDA658671496243394274232
EBITDA margin+48.1%+49.5%+47.6%+43.0%+43.0%+34.2%+30.6%
Depreciation13510494.3695.5388.738.589.67
Interest44.5031.4628.4325.8225.614.356.04
Profit before tax548576423182312280226
Tax13414710849.0175.2097.5878.57
Net profit400422310129232177144
Net profit margin+29.3%+31.2%+29.8%+22.8%+25.4%+22.1%+19.0%
EPS (₹)17.0517.6712.9810.7218.9014.5512.79
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Equity & liabilities
Share capital24.2924.2824.2724.7925.0525.0523.12
Reserves & surplus1,5781,3761,0581,0671,041863682
Shareholders' funds (net worth)1,6021,4001,0831,0911,066889705
Minority interest0.000.000.000.000.000.000.00
Secured loans0.000.000.000.000.000.000.09
Unsecured loans4442932792923160.0012.60
Total debt4442932792923160.0012.69
Total liabilities2,2321,8471,4951,4221,425993803
Assets
Gross block1,125878788650613274330
Net block663520515459507253316
Capital work in progress0.062.190.100.390.252.480.67
Investments959787512536401194138
Inventories13917414310112190.9589.39
Sundry debtors565473397361372333317
Cash & bank balances21.7110.013.877.1119.901195.02
Loans & advances62.6063.0078.3049.9663.7232.7733.40
Total current assets787720622520577576444
Total current liabilities255299258189159141135
Net working capital532421364331418435310
Total assets2,2321,8471,4951,4221,425993803
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Opening cash9.753.616.618.872.141.184.64
Net cash from operating activities48347035125324317752.39
Net cash from investing activities(110)(232)56.46(88.42)(95.74)(163)(279)
Net cash from financing activities(362)(232)(410)(166)(141)(12.86)224
Net change in cash11.956.14(3.00)(2.26)6.730.96(3.46)
Closing cash21.7110.013.877.1119.901195.02
ParticularsFY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20FY 2018-19FY 2017-18
Growth
Sales growth+0.9%+30.2%+84.3%-38.3%+14.3%+5.6%-
EBITDA growth-1.9%+35.3%+104.0%-38.3%+43.9%+18.1%-
PBT growth-4.8%+36.1%+132.5%-41.7%+11.5%+23.5%+9997.0%
Net income growth-5.2%+36.3%+140.5%-44.5%+31.4%+22.4%-
Revenue CAGR (3Y)+34.3%+14.0%+9.1%-9.3%---
EBITDA CAGR (3Y)+39.4%+19.4%+21.9%+1.6%---
Profitability & leverage
Net income margin+30.3%+31.7%+30.3%+23.5%+25.9%+22.8%+19.5%
Return on capital employed+29.1%+36.3%+31.0%+14.6%+27.9%+31.6%+29.0%
Return on net worth+27.6%+34.6%+29.0%+12.3%+24.2%+22.9%+21.0%
Debt / equity0.250.230.260.280.160.010.02
Long-term debt / equity0.170.160.190.220.120.000.00
Interest cover8.505.557.0817.508.401.642.72
Efficiency & per share
Fixed asset turnover1.371.631.450.892.072.652.30
Inventory turnover8.768.568.525.098.658.888.49
Debtors turnover2.643.112.751.542.602.472.40
EPS (₹)17.0517.6712.9810.7218.9014.5512.79
Dividend per share (₹)8.509.005.000.004.000.000.00
Book value per share (₹)65.9657.6644.6188.0685.1270.9560.99
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue301399492263281367511268
Revenue growth (YoY)+7.2%+8.7%-3.8%-1.8%+17.3%---
Other income29.6926.3421.4419.9225.8322.0622.3919.24
Total expenses170221274152161202269146
EBITDA131179218111121166242122
EBITDA margin+43.5%+44.8%+44.4%+42.1%+42.9%+45.1%+47.4%+45.5%
Depreciation42.2043.8744.2141.6939.7839.4639.1337.29
Interest12.9513.2314.0314.9714.1313.6213.9513.72
Profit before tax10614818174.0492.5113521290.22
Tax24.9233.7846.3917.9622.2533.6053.5423.32
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue1,4351,3861,3681,3261,009542915
Revenue growth+3.5%+1.4%+3.1%+31.5%+86.0%-40.7%-
Other income93.5285.1669.6737.0448.5457.5632.11
Total expenses807744709668528307517
Employee cost66.0659.8056.7855.1856.1336.593.85
EBITDA628643658658480235398
EBITDA margin+43.8%+46.4%+48.1%+49.6%+47.6%+43.3%+43.5%
Depreciation17015313597.4688.0389.0582.46
Interest56.3555.2144.5030.3527.0725.0724.80
Profit before tax496519548567414178323
Tax12013113414410547.7477.68
Net profit353369400417304127241
Net profit margin+24.6%+26.6%+29.3%+31.4%+30.1%+23.5%+26.3%
EPS (₹)15.4615.9917.0517.4212.7110.5519.57
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital24.3024.2924.2924.2824.2724.7925.05
Reserves & surplus1,9401,7621,5781,3711,0601,0751,051
Shareholders' funds (net worth)1,9641,7861,6021,3951,0841,0991,076
Secured loans0.000.000.000.000.000.000.00
Unsecured loans458483444293263204234
Total debt458483444293263204234
Total liabilities2,6072,4622,2321,8421,4801,4221,425
Assets
Gross block1,3161,2411,125864751627582
Net block659688663518495446482
Capital work in progress0.060.060.062.190.100.390.25
Investments1,2141,051959793524553371
Inventories14520213917314299.60115
Sundry debtors651619565473395366391
Cash & bank balances11.0917.2321.718.173.336.9469.36
Loans & advances56.8559.7162.6060.0373.9044.4458.56
Total current assets864898787714614517634
Total current liabilities226259255299252185155
Net working capital637639532415362332479
Total assets2,6072,4622,2321,8421,4801,4221,425
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash17.2121.709.753.076.458.521.68
Net cash from operating activities481389483459341253251
Net cash from investing activities(102)(15.88)(110)(228)62.01(90.02)(106)
Net cash from financing activities(386)(377)(362)(226)(406)(165)(138)
Net change in cash(6.15)(4.49)11.954.84(3.38)(2.07)6.83
Closing cash11.0917.2321.718.173.336.9469.36
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+3.5%+1.4%+3.1%+31.5%+86.0%-40.7%-
EBITDA growth-2.2%-2.4%+0.0%+36.9%+104.4%-40.9%-
PBT growth-4.5%-5.3%-3.3%+37.0%+131.9%-44.7%+15.3%
Net income growth-4.4%-7.8%-3.9%+37.2%+138.6%-47.1%-
Revenue CAGR (3Y)+2.7%+11.2%+36.1%+13.2%+8.3%-10.6%+15.3%
EBITDA CAGR (3Y)-1.5%+10.2%+41.0%+18.2%+20.6%+0.2%+31.9%
Profitability & leverage
Net income margin+26.2%+28.0%+30.3%+31.9%+30.6%+24.1%+26.8%
Return on capital employed+21.8%+24.5%+29.1%+36.0%+30.4%+14.3%+28.7%
Return on net worth+20.0%+22.9%+27.6%+34.1%+28.2%+12.0%+24.9%
Debt / equity0.250.270.250.220.210.200.12
Long-term debt / equity0.170.200.170.150.150.140.08
Interest cover12.2811.288.505.426.9017.177.86
Efficiency & per share
Fixed asset turnover1.121.171.381.641.460.902.14
Inventory turnover8.288.148.778.438.375.068.96
Debtors turnover2.262.342.643.062.651.432.51
EPS (₹)15.4615.9917.0517.4212.7110.5519.57
Dividend per share (₹)7.758.008.509.005.000.004.00
Book value per share (₹)80.8573.5365.9657.4644.6788.7085.93

Competitors of Twamev

Twamev has 3 listed competitors in our database, 1 of them funded. They include Bhaane, Louis Stitch and Aroka.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
Bhaane
bhaane.com2012Delhi, India86,076
Online retailer offering apparel, accessories, and fashion items for consumers.
Louis Stitch
louisstitch.com2019Gurugram, India$912,428104
Multi-category fashion products for men and women are offered online.
Aroka
aroka.in2018Mumbai, India11
Offers sustainable luxury clothing with artisanal elegance and eco-friendly materials.
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Detailed competitors of Twamev

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Web traffic of Twamev

The website of Twamev (twamev.com) receives about 224.5K visits a month and ranks #220,994 among all websites worldwide, #11,751 in Jewelry and Luxury Products.

  • Monthly visits
    224.5K

    ▼ 1% vs previous month

  • Unique visitors
    153.8K

    per month

  • Global rank
    #220,994

    among all websites

  • Category rank
    #11,751

    Lifestyle · Jewelry and Luxury Products

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••••••••••••••••.com••%•.•M#•••••–
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Top companies in Women Apparel E-Commerce

3 companies that operate in the same segment as Twamev (Women Apparel E-Commerce) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
The House Of Rare
Operates an online platform selling apparel items like trousers, jeans, shorts, and shoes.
2014Bengaluru, Karnataka, IndiaUSD 42 MUSD 26.76 M3,181
FableStreet
Online platform selling stylish western clothing for women including dresses and tops.
2015Gurugram, Haryana, IndiaUSD 9.87 MUSD 10.15 M272
Ajio
Manages an e-commerce platform offering diverse fashion products for men, women, and kids.
2016Mumbai, Maharashtra, India6
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Related news about Twamev

Vedant Fashions: CFO Rahul Murarka Steps Down On November 14 To Explore New Opportunities.
Exchange Update • 1 month ago
Restaurant Brands Asia Ltd leads gainers in 'A' group | Capital Market News - Business Standard
Business Standard • 3 months ago
Neutral Vedant Fashions; target of Rs 460: Motilal Oswal
Moneycontrol • 3 months ago
MANYAVAR: Revenue up 7.2% YoY, margins strong, and H2 growth outlook remains robust
Quartr • 3 months ago
MANYAVAR: Q1 FY27 revenue up 7.2% YoY, with industry-leading margins and expanding retail footprint
Quartr • 3 months ago
MANYAVAR: Q1 FY27 saw year-over-year profit growth and key director re-appointments
Quartr • 3 months ago
MANYAVAR: Q4 FY26 delivered robust sales and margins, with strategic focus on SSG and operational efficiency
Quartr • 5 months ago
MANYAVAR: Q4 FY26 saw 7.8% retail sales growth, 8.7% revenue growth, and 13.0% PAT growth YoY
Quartr • 6 months ago
MANYAVAR: FY26 revenue rose to INR 14,354.79 million; net profit was INR 3,705.05 million; INR 7.75 dividend proposed
Quartr • 6 months ago
Vedant Fashions March-Quarter Profit 1.14 Billion Rupees
Reuters • 6 months ago
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Frequently Asked Questions about Twamev

Twamev was founded in 2019.

Twamev is headquartered in Howrah, India. It is registered at Howrah, West Bengal, India.

Twamev has 2,910 employees.

The primary company behind Twamev, Vedant Fashions Limited, reported revenue of ₹1,529 Cr for FY 0000, up 4% year on year.

Twamev a luxury occasion wear brand specializing in kurta pajama sets, sherwanis, and indo-western outfits for men and women, focusing on engaging in retail operations, dealing with fashion products, apparel, and luxury wear. It serves clients with dedicated solutions, emphasizing quality, innovation, and sustainable growth in its core markets.

Twamev's top competitors include Louis Stitch, Bhaane and Aroka.

Yes, Twamev is publicly traded on NSE under the ticker symbol MANYAVAR.

Twamev operates through Vedant Fashions Limited.

The legal entities of Twamev currently have 8 directors, including Ravi Modi, Shilpi Modi, Manish Mahendra Choksi and others.

The website of Twamev receives about 224 thousand visits a month and ranks #220,994 among all websites worldwide.

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