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Vardhman Textiles

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Vardhman Textiles

  • 1,276 looms
  • 140 mmpa processing capacity
  • Total income from operations of Rs 32.18 billion (US$ 446.15 million) in H1 FY19
  • Second largest producer of sewing threads in India

Vardhman Textiles Limited is an integrated textile manufacturer. The company is engaged in manufacturing of cotton yarn, synthetic yarn, woven fabric, sewing thread, acrylic fiber, tow and garments. The company's segments include textiles and fibre. The company is a piece dyed fabric manufacturer, and cotton yarn manufacturer and exporter. It offers the range of specialized greige and dyed yarns in cotton, polyester, acrylic and a range of blends. The company also manufactures products, such as organic cotton, melange, core spun yarns, ultra yarns (contamination controlled), gassed mercerised, super fine yarns, slub and cellulose yarns and fancy yarns for hand knitting. The company has approximately 1.1 million spindles and a capacity to manufacture over 580 metric ton (MT) of yarn per day. The company has manufacturing facilities located in Punjab, Himachal Pradesh and Madhya Pradesh. The company markets its products in the European Union, the United States and the far East.

Company Website: https://www.vardhman.com/

Vardhman Textiles

2018 Vardhman Textiles and Reliance Industries tie-up for creation of innovative fabrics.
2014 Vardhman Group has over 24 manufacturing facilities in five states.
2007
Vardhman Textile has entered into Joint Venture Agreement on March 24th, 2008 with American & Efird Inc (A&E), a subsidiary of Ruddick Corporation, USA.
1995 The company entered into a joint venture agreement with Japan Exlan Co. Ltd. and Marubeni Corporation of Japan for setting up an acrylic fibre project for manufacture of 16,500 TPA acrylic fibre.
1994 The company entered into a joint venture agreement with M/s. Marubeni Corporation & Toho Rayon Co. Ltd., Japan for setting up a 100 per cent Export Oriented Units (EOU) to manufacture cotton yarn with a capacity of 25,000 spindles at Baddi in Himachal Pradesh. In the joint venture to be known in the name of VMT Spinning Company Ltd.
1978 The company undertook to set up of textile mill with a capacity of 25,000 spindles at Malarkotla in Sangrur district in Punjab.
1973 Vardhman Textiles Limited was incorporated on October 8th. The company was promoted by Vardhman Spinning and General Mills Ltd.
1962 Vardhman Spinning & General Mills Ltd (VSGML) was incorporated in Ludhiana, Punjab in 1962 by Shri V.S Oswal & Shri Ratan Chand Oswal. VSGML started production with a capacity of 6000 spindles to manufacture cotton yarn in 1965.

 

Updated: May, 2019

Textiles
Exports of textiles from India expected to reach US$ 82.00 billon in 2021.