Vardhman Textiles Profile
Key Indicators
- Authorised Capital ₹ 177.00 Cr
as on 11-07-2024
- Paid Up Capital ₹ 57.83 Cr
as on 11-07-2024
- Company Age 51 Year, 1 Month
- Last Filing with ROC 31 Mar 2023
- Open Charges ₹ 3,686.40 Cr
as on 11-07-2024
- Satisfied Charges ₹ 7,860.06 Cr
as on 11-07-2024
- Revenue 63.48%
(FY 2022)
- Profit 378.71%
(FY 2022)
- Ebitda 206.00%
(FY 2022)
- Net Worth 24.97%
(FY 2022)
- Total Assets 18.32%
(FY 2022)
About Vardhman Textiles
It is listed on the Bombay Stock Exchange(BSE) under the ticker symbol 502986 and on the National Stock Exchange(NSE) under VTL.
The Corporate was formerly known as Mahavir Spg. Mills 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 177.00 Cr and a paid-up capital of Rs 57.83 Cr.
The company currently has active open charges totaling ₹3,686.40 Cr. The company has closed loans amounting to ₹7,860.06 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Vardhman Textiles Limited India are Sanjay Gupta as COMPANY SECRETARY and Rajeev Thapar as Cfo. Udeypaul Gill, Prafulbhai Shah, Shri Oswal, and Seven other members serve as directors at the Company.
Industry
Company Details
- Location
Ludhiana, Punjab, India
- Telephone
- Email Address
- Website
- Social Media-
What products or services does Vardhman Textiles Limited offer?
Vardhman Textiles Limited offers a wide range of products and services, including Men Shirts, Jeans & Clothing, Men Shirts, Yarns & Threads, Synthetic Fibers, Yarn, Threads, Sewing Threads, Vardhman Threads, Cotton Yarn, Compact Cotton Yarn.
Who are the key members and board of directors at Vardhman Textiles?
Executive Team (3)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
Rajeev Thapar  | CFO | 23-May-2014 | Current |
| Shri Oswal | Managing Director | 08-Oct-1973 | Current |
| Sanjay Gupta | Company Secretary | 01-Jun-2017 | Current |
Board Members(9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
| Neeraj Jain | Whole-Time Director | 31-Mar-2010 | Current |
| Harpreet Kang | Director | 06-Feb-2019 | Current |
| Udeypaul Gill | Director | 22-Jan-2022 | Current |
| Prafulbhai Shah | Director | 26-Jul-1980 | Current |
| Suresh Kumar | Director | 29-Sep-2022 | Current |
| Sachit Jain | Director | 13-Jun-1994 | Current |
Financial Performance and Corporate Structure Insights of Vardhman Textiles.
Vardhman Textiles Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 63.48% increase. The company also saw a substantial improvement in profitability, with a 378.71% increase in profit. The company's net worth Soared by an impressive increase of 24.97%.
- Key Matrics
- Balance Sheet
- Profit and Loss
- Cash Flow
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What is the Ownership and Shareholding Structure of Vardhman Textiles?
In 2021, Vardhman Textiles had a promoter holding of 63.27% and a public holding of 36.71%. The company had 4 Subsidiaries and 3 Associate Companies. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.
Related Corporates (Common Directorship)
Mahavir Spinning Mills Private Limited
Active 46 years 7 monthsShri Oswal, Sachit Jain and 1 more are mutual person
Vardhman Special Steels Limited
Active 14 years 6 monthsSachit Jain and Suchita Jain are mutual person
Charges (Loans)
| Lender | Amount | Status |
|---|---|---|
Hdfc Bank Limited Creation Date: 27 Aug 2021 | ₹280.00 Cr | Open |
Others Creation Date: 10 Jul 2021 | ₹150.00 Cr | Open |
Hdfc Bank Limited Creation Date: 05 Sep 2020 | ₹300.00 Cr | Open |
How Many Employees Work at Vardhman Textiles?
Vardhman Textiles has a workforce of 9799 employees as of Mar 31, 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 Textiles, 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 Textiles'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.
