Vardhman Polytex Profile
Key Indicators
- Authorised Capital ₹ 70.00 Cr
- Paid Up Capital ₹ 27.29 Cr
- Company Age 44 Year, 6 Months
- Last Filing with ROC 31 Mar 2023
- 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 six 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 2023. It's a company limited by shares with an authorized capital of Rs 70.00 Cr and a paid-up capital of Rs 27.29 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 Ajay Ratra as COMPANY SECRETARY and Radhamohan as Cfo. Manju Oswal, Adish Oswal, Rohit Jain, 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
18 Aug 2023
- Date of Balance Sheet
31 Mar 2023
- Listing Status
Listed
- ROC Code
Roc Chandigarh
Industry
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)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Adish Oswal  | Managing Director | 01-Aug-2009 | Current |
| Ajay Ratra | Company Secretary | 12-Nov-2018 | Current |
| Radhamohan | CFO | 01-Sep-2020 | Current |
Board Members (5)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Manju Oswal | Director | 12-Aug-2017 | Current |
| Rohit Jain | Additional Director | 06-Apr-2024 | Current |
| Suresh Banka | Director | 01-Sep-2020 | Current |
| Sanchi Taneja | Director | 18-Jul-2023 | Current |
| Sagar Bhatia | Director | 12-Aug-2022 | Current |
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%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
- Ratios
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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.
Related Corporates (Common Directorship)
Fmi LimitedSanchi Taneja is a mutual person
Nightnagle Dealcom Private LimitedManju Oswal is a mutual person
- Liberty Mercantile Company Pvt Ltd
Manju Oswal is a mutual person
- Enakshi Investments Pvt Ltd
Manju Oswal is a mutual person
- Panchsheel Textile Mfg And Trading Company Private Limited
Adish Oswal is a mutual person
- Pioneer Marcantile India Pvt Ltd
Adish Oswal is a mutual person
Charges (Loans)
₹724.80 Cr
₹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
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Oct 2016 | Canara Bank | ₹1.14 M | Open |
| 19 Feb 2016 | Canara Bank | ₹1.98 M | Open |
| 16 Feb 2015 | Others | ₹25.00 Cr | Open |
| 27 Feb 2013 | Others | ₹72.38 Cr | Open |
| 20 Jul 2011 | Others | ₹42.03 Cr | Open |
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.
Deals i
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
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
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.
