Vardhman Polytex Ltd

This company manufactures yarn, cotton, fabrics, and garments with multiple manufacturing facilities across India.

1980 | Ludhiana, Punjab (India) | Active
Last Updated:

Vardhman Polytex Profile

Key Indicators

  • Authorised Capital ₹ 70.00 Cr
  • Paid Up Capital ₹ 43.60 Cr
  • Company Age 44 Year, 7 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 724.80 Cr
  • Satisfied Charges ₹ 1,379.42 Cr
  • Revenue Growth -33.27%
  • Profit Growth 109.59%
  • Ebitda -161.28%
  • Net Worth 0.34%
  • Total Assets -10.64%

About Vardhman Polytex

Vardhman Polytex Ltd (VPL) is a leading Public Limited Indian Non-Government Company incorporated in India on 20 August 1980 and has a history of 44 years and seven months. Its registered office is in Ludhiana, Punjab, India.

It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 514175 and on the National Stock Exchange(NSE) under VARDMNPOLY.

The Corporate was formerly known as Punjab Mohta Polytex Ltd. The Company is engaged in the Manufacturing Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 70.00 Cr and a paid-up capital of Rs 43.60 Cr.

The company currently has active open charges totaling ₹724.80 Cr. The company has closed loans amounting to ₹1,379.42 Cr, as per Ministry of Corporate Affairs (MCA) records.

The Key Managerial Personnel (KMP) at Vardhman Polytex Ltd India are Radhamohan as CFO and Ajay Ratra as Company Secretary. Manju Oswal, Suresh Banka, Sanchi Taneja, and Three other members serve as directors at the Company.

Company Details

  • Location

    Ludhiana, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    L17122PB1980PLC004242

  • Company No.

    004242

  • Stock Symbol

    BSE : 514175 NSE : VARDMNPOLY

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    20 Aug 1980

  • Date of AGM

    27 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Chandigarh

Industry

Manufacturing

What products or services does Vardhman Polytex Ltd offer?

Vardhman Polytex Ltd offers a wide range of products and services, including Yarns & Threads, Cotton Yarn.

Who are the key members and board of directors at Vardhman Polytex?

Executive Team (3)

NameDesignationAppointment DateStatus
Radhamohan CFO01-Sep-2020Current
Ajay Ratra Country flag representing In Company Secretary12-Nov-2018Current
Adish Oswal Country flag representing In Managing Director01-Aug-2009Current

Board Members (5)

NameDesignationAppointment DateStatus
Manju Oswal Country flag representing In Director 12-Aug-2017Current
Suresh Banka Country flag representing In Director 01-Sep-2020Current
Sanchi Taneja Country flag representing In Director 18-Jul-2023Current
Sagar Bhatia Country flag representing In Director 12-Aug-2022Current
Rohit Jain Country flag representing In Director 28-Mar-2024Current

Financial Performance of Vardhman Polytex.

Vardhman Polytex Ltd, for the financial year ended 2023, experienced significant reduction in revenue, with a 33.27% decrease. The company also saw a substantial improvement in profitability, with a 109.59% increase in profit. The company's net worth moved up by a moderate rise of 0.34%.

Vardhman Polytex revenue growth over time
Vardhman Polytex profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
-33.27%
Revenue from Operations
-33.72%
Total Assets
-10.64%
Profit or Loss
109.59%
Net Worth
0.34%
EBITDA
-161.28%

What is the Ownership and Shareholding Structure of Vardhman Polytex?

In 2023, Vardhman Polytex had a promoter holding of 60.16% and a public holding of 39.84%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹724.80 Cr

Satisfied Charges

₹1,379.42 Cr

Charges Breakdown by Lending Institutions

  • Others : 604.40 Cr
  • State Bank Of India : 95.96 Cr
  • Yes Bank Limited : 15.00 Cr
  • Centurion Bank Of Punjab Ltd : 8.83 Cr
  • Canara Bank : 0.31 Cr
  • Others : 0.30 Cr

Latest Charge Details

DateLenderAmountStatus
25 Oct 2016Canara Bank₹1.14 MOpen
19 Feb 2016Canara Bank₹1.98 MOpen
16 Feb 2015Others₹25.00 CrOpen
27 Feb 2013Others₹72.38 CrOpen
20 Jul 2011Others₹42.03 CrOpen

How Many Employees Work at Vardhman Polytex?

Vardhman Polytex has a workforce of 1847 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee growth trends for Vardhman Polytex Ltd

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Vardhman Polytex, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Vardhman Polytex's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Vardhman Polytex

Recent activity within the organization

  • Annual General Meeting

    Vardhman Polytex Ltd last Annual general meeting of members was held on 27 Sep 2024 as per latest MCA records.

  • Balance Sheet

    Vardhman Polytex Ltd has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.

  • Director Appointment

    Rohit Jain was appointed as a Director was appointed as a Director on 28 Mar 2024 & has been associated with this company since 11 months 30 days .

  • Director Appointment

    Sanchi Taneja was appointed as a Director was appointed as a Director on 18 Jul 2023 & has been associated with this company since 1 year 8 months .

  • Charges

    A charge registered on 29 Aug 2011 via Charge ID 10304145 with Religare Finvest Limited was fully satisfied on 04 May 2023.

  • Charges

    A charge registered on 27 Jan 2011 via Charge ID 10262353 with Religare Finvest Limited was fully satisfied on 04 May 2023.

Frequently asked questions

  • What is the Incorporation or founding date of Vardhman Polytex Ltd?

    Vardhman Polytex Ltd was incorporated on 20 Aug 1980.

  • What is authorized share capital and paid-up capital of Vardhman Polytex Ltd?

    The authorized share capital of Vardhman Polytex Ltd is ₹ 70.00 Cr and paid-up capital is ₹ 43.60 Cr.

  • Who are the current board members & directors of Vardhman Polytex Ltd?

    Currently 8 directors are associated with Vardhman Polytex Ltd.

    • Manju Oswal
    • Suresh Kumar Banka
    • Sanchi Taneja
    • Radhamohan
    • Ajay Kumar Ratra
    • Sagar Bhatia
    • Rohit Jain
    • Adish Oswal

  • What is the registered address of Vardhman Polytex Ltd?

    As per Ministry of Corporate Affairs (Mca), the registered address of Vardhman Polytex Ltd is Vardhman Park Chandigarh Road, - India, Ludhiana, Punjab, 141123.

  • What is the corporate identification number (CIN) and company number of Vardhman Polytex Ltd?

    The corporate identification number (CIN) of Vardhman Polytex Ltd is L17122PB1980PLC004242 and the company number is 004242 as per Ministry of Corporate Affairs (MCA).

  • Is Vardhman Polytex Ltd registered with any stock exchange in India?

    Yes, Vardhman Polytex Ltd is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): VARDMNPOLY.

  • What is the official website of Vardhman Polytex Ltd?

    The Official website of Vardhman Polytex Ltd is https://www.vpl.in

  • What has been the recent revenue trend for Vardhman Polytex Ltd?

    According to the financial reports for the fiscal year 2023, the revenue trend for Vardhman Polytex Ltd has fallen by -33.27%.

  • How many employees does Vardhman Polytex Ltd currently have?

    As Per 2023 financial reports, 1847 employees are currently employed by Vardhman Polytex Ltd.

  • What change has been observed in the net worth of Vardhman Polytex Ltd, and by what percentage?

    The financial reports for the fiscal year 2023 indicates that The net worth of Vardhman Polytex Ltd has experienced an upsurge of 0.34%.

  • What are the total open charges for Vardhman Polytex Ltd?

    As per the financial statements for fiscal Year 2023, The total open charges for Vardhman Polytex Ltd amount to ₹ 724.80 Cr.

  • When was the last Balance Sheet of Vardhman Polytex Ltd filed with the ROC?

    The most recent Balance Sheet for Vardhman Polytex Ltd was filed with the ROC on 31 Mar 2024.

People also Viewed