Vardhman Textiles
India is the second-largest producer of MMF Fibre and the third largest exporter of textiles and apparel in the world.
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.
- 1,482 looms
- 22,000 metric tonne per annum fibre manufacturing capacity
- Consolidated net profit stood at Rs. 805 crore (US$ 96.86 million) in first quarter of FY24
- Second largest producer of sewing threads in India
Vardhman Textiles
| Year | Milestone |
|---|---|
| 2023 |
In August 2023, Vardhman partners with NIT-Jalandhar for a customized M.Tech Program. In March 2023, Vardhman Textiles Ltd. approved Non-Convertible Debentures (NCD) issue of Rs. 150 crore (US$ 18.04 million). Vardhman Textiles reports consolidated net profit of US$ 97.6 million (Rs. 805 crore). |
| 2022 |
Vardhman has established Vardhman ReNova, a cotton recycling facility with a six TPD production capacity. By establishing two new facilities in Madhya Pradesh, the company has also increased its capacity to produce yarn. With top-notch technology, the expansion includes over 100,000 spindles in total. This will result in a 75 TPD increase in yarn production capacity. Excellent Performance in Sustainable Chemical and Waste Water Management Program was awarded by Apparel Impact Institute to Vardhman Fabrics at CBD (Clean By Design) Program Sponsored by GAP and Supported by STS- BlueWin Academy, UK. |
| 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 had over 24 manufacturing facilities in five states |
| 2007 |
Vardhman Textile entered into a joint venture (JV) on March 24th, 2008 with American & Efird Inc (A&E), a subsidiary of Ruddick Corporation, US |
| 1995 |
The company entered into a JV 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 JV with M/s. Marubeni Corporation & Toho Rayon Co. Ltd., Japan for setting up a 100% 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 8. 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 |
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