About V.I.P. Industries Limited

Founded in 1968, V.I.P. Industries Limited is Asia’s leading and the world’s second-largest manufacturer and retailer of luggage, backpacks and handbags, built on a legacy of trust, reliability and quality. The Company manufactures and markets luggage, bags and accessories across a diversified portfolio that includes hard and soft luggage, duffles, backpacks, business satchels, ladies’ handbags and, newly, travel accessories. It operates with in‑house manufacturing capabilities and a wide omnichannel reach, serving consumers across price points via brands such as VIP, Skybags, Aristocrat, Alfa, Carlton and Caprese .

VIP’s footprint spans India and overseas, with 10 in‑house manufacturing facilities across India and Bangladesh, ~14,000 points of sale, 404 Exclusive Brand Outlets, and reach across ~1,400 towns and cities in India. The Company notes continued engagement in international markets, with Middle East demand showing renewed momentum, re‑entry into Europe, and activity in Southeast Asia, alongside OEM partnerships focused on shifting global supply chains .

Subsidiaries: The Company has 5 subsidiaries. 

V.I.P. Industries Limited Milestone 

Key milestones achieved include more than five decades of industry expertise, a #1 position in India’s organised luggage market, and a refreshed, design‑forward portfolio aligned to premium aspirations .

V.I.P. Industries Limited’s Business Segments

• Brand-wise revenue salience: VIP 20%, Skybags 28%, Aristocrat + Alfa 43%, Carlton 3%, Caprese 6%.
• Category-wise revenue salience: Upright Hard Luggage 60%, Upright Soft Luggage 16%, Duffle Bags 8%, Backpacks 13%, Ladies’ Handbags 3%.
• Channel-wise revenue salience: General Trade 17%, Retail Trade 9%, Modern Trade 23%, E‑commerce 31%, CSD/CPC 9%, Institutional 9%, International 2% (implying Domestic 98%).

V.I.P. Industries Limited Key Management

• Dilip Piramal – Chairman
• Radhika Piramal – Executive Vice Chairperson
• Neetu Kashiramka – Managing Director
• Ashish Saha – Executive Director
• Manish Desai – Chief Financial Officer
• Ashitosh Sheth – Company Secretary & Head – Legal

Latest Updates on V.I.P. Industries Limited

Design and innovation: The Company deepened global design collaborations, including a standout partnership with a Japanese designer to sharpen its premium, contemporary edge .

New categories: Entered the travel accessories segment with offerings starting at Rs 300, broadening participation across everyday travel moments.

Digital launches: Rolled out online‑first collections such as VIP Quad Pro, alongside Rigel and Stargaze Active with features like TSA locks and anti‑theft zippers, aimed at premiumising the digital mix and lifting ASPs.

Institutional outreach: Launched the VIP Elite Program across corporate campuses (including HDFC Bank, SBI and Kotak) to strengthen brand salience among working professionals.

Partner engagement: Hosted a National Dealer Meet under the theme “One VIP, Jeet VIP” and conducted backpack roadshows across key metros to align channel partners and market teams on the FY 2025‑26 collection.

International operations: Reported stronger momentum in the Middle East and re‑established presence in Europe; continued to tap OEM opportunities amid shifting global supply chains .

Operations footprint: Manufacturing locations include facilities in India (e.g., Nashik and Sinnar) and Bangladesh, supporting the diversified product portfolio and scale .

Performance context: Despite a tough year, the Company recorded 11% volume growth, with market share gains in India’s organised luggage segment during calendar year 2024.