About Vardhman Textiles Limited 

 

Vardhman Textiles Limited is a public company incorporated on October 8, 1973 (originally as Mahavir Spinning Mills Limited; renamed on September 5, 2006), with its registered office at Chandigarh Road, Ludhiana. The Company manufactures cotton yarn, synthetic yarn, woven fabric and garments, and is listed on the National Stock Exchange and BSE. Headquartered in Ludhiana, it is the flagship of the Vardhman Group and is known for vertically integrated operations delivering premium yarns, fabrics and garments across multiple states in India . The Company operates 15 manufacturing facilities and reports India’s largest spindle count, supported by an in-house design capability and comprehensive processing and printing capacities .

 

Vardhman’s footprint spans India (notably Punjab, Himachal Pradesh and Madhya Pradesh), with fabric units in Baddi and Budhni and yarn units in Ludhiana, Malerkotla, Baddi, Mandideep, Satlapur and Budhni. Internationally, the Company sells to 60+ nations. As of the latest year, the Group has two subsidiaries and three associate companies, as reflected in the consolidated disclosures and auditor’s report.

 

Vardhman Textiles Limited  Key milestones

• 1965: Vardhman Group commenced operations with 6,000 spindles. 
• 1982: Entered sewing threads. 1986: Acquired a steel unit (now Vardhman Special Steels Limited) in Ludhiana .
• 1992: Diversified into weaving. 1999: Ventured into acrylic fibre at Bharuch, Gujarat. 
• 2000: Began processing woven fabrics.
• 2007: Established first composite plant with spinning, weaving and processing at Budhni, Madhya Pradesh; 2011: Entered garmenting (formal shirts).
• 2013: Spindle capacity scaled to 1 million, the highest in India; 2016: Launched printed fabric line at Baddi; 2019: Vardhman Special Steels partnered with AICHI Steels, Japan; 2021: Set up ‘Vardhman ReNova’, a fibre recycling plant (6 TPD) for recycled yarn.

Vardhman Textiles Limited’s  Business Segments

Segment/Vertical contribution to revenue:

•   Yarn: 63.36%
•   Fabrics: 35.32%
•   Garments: 1.32% 

Geography:

•   Domestic revenue: 56.86%
•   International revenue: 43.14% 

Vardhman Textiles Limited  Key Management

• S.P. Oswal – Chairman & Managing Director.
• Suchita Jain – Vice Chairperson & Joint Managing Director.
• Neeraj Jain – Joint Managing Director.
• Sagrika Jain – Executive Director.
• Rajeev Thapar – Chief Financial Officer.
• Sanjay Gupta – Company Secretary.

 

Latest Updates on Vardhman Textiles Limited 

• Strategic capacity expansion: The Company initiated a comprehensive modernisation to expand fabric capacity, integrating new equipment, enlarging solid-dyed and yarn-dyed lines, and adding a processing line. A key strategic decision was to enter the 100% synthetic filament-based fabric segment; expansion is targeted for completion by end-2025, with full utilisation by FY 2028.
• Global brand engagement: The Company plans to strengthen partnerships with leading global apparel brands to secure long-term collaborations and consistent orders.
• ESOP grant: On April 3, 2024, the Nomination & Remuneration Committee granted 31,75,000 options under the Company’s ESOP, each entitling the holder to apply for one equity share after a 1-year vesting period.
• Credit profile: The Company enjoys “AA+/Stable” (CRISIL) for long-term borrowings, “A1+” for short-term borrowings and IND A1+ for Commercial Paper (India Ratings).
• Export reach: Exports covered 65 countries during FY 2024-25, reflecting broad international market access.