Vardhman Textiles
India is the second largest textile and clothing exporter in the world, with a total exports of US$ 44.4 billion in FY22.
Vardhman Textiles Limited is an integrated textile manufacturer. The company is engaged in the manufacturing of cotton yarn, synthetic yarn, woven fabric, sewing thread, acrylic fibre, 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
| 2021 |
In April 2021, Vardhman Textiles allotted 68,900 equity shares of Rs. 10 (US $0.14) each under ESOPs to eligible employees. For the third quarter of FY21, Vardhman Textiles Limited recorded a total production of 59,615 metric tonnes, compared with 57,950 metric tonnes in the third quarter of FY20. In January 2021, the company won the ‘India CSR Project of the Year Award 2021’ for Vardhman School Development Programme (VSDP), a unique CSR project. |
| 2020 |
Vardhman Textiles launched a new range of fabrics with anti-viral and anti-bacterial properties Vardhman Textiles introduced DRDO approved PPE kits and face masks |
| 2019 | Merger of VMT spinning company with VTL investments Ltd. approved by the board of Vardhman Textiles |
| 2018 |
Vardhman Textiles and Reliance Industries tied 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.
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| 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. |
- 1,482 looms
- 22,000 metric tonne per annum fiber manufacturing capacity
- Total standalone income for the first quarter of FY23 stood at Rs. 2,753.31 crore (US$ 345.34 million)
- Second largest producer of sewing threads in India
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