Vardhman Textiles Profile
Key Indicators
- Authorised Capital ₹ 177.00 Cr
- Paid Up Capital ₹ 57.83 Cr
- Company Age 51 Year, 3 Months
- Last Filing with ROC 31 Mar 2024
- Open Charges ₹ 3,645.00 Cr
- Satisfied Charges ₹ 7,901.46 Cr
- Revenue Growth 63.48%
- Profit Growth 378.71%
- Ebitda 206.00%
- Net Worth 24.97%
- Total Assets 18.32%
About Vardhman Textiles
Vardhman Textiles Limited (VTL) was founded in India on 08 October 1973 and has a glorious history of 51 years and three months. Its registered office is in Ludhiana, Punjab, India.
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 2024. 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 ₹3,645.00 Cr. The company has closed loans amounting to ₹7,901.46 Cr, as per Ministry of Corporate Affairs (MCA) records.
The Key Managerial Personnel (KMP) at Vardhman Textiles Limited India are Rajeev Thapar as CFO and Sanjay Gupta as Company Secretary. Udeypaul Gill, Prem Kumar, Shri Oswal, and Seven other members serve as directors at the Company.
Company Details
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Location
Ludhiana, Punjab, India
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Telephone
+91-XXXXXXXXXX
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Email Address
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Website
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Social Media-
Corporate Identity Details
Industry
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
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CFO | 23-May-2014 | Current |
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Shri Oswal
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Managing Director | 08-Oct-1973 | Current |
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Sanjay Gupta
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Company Secretary | 01-Jun-2017 | Current |
Board Members (9)
| Name | Designation | Appointment Date | Status |
|---|---|---|---|
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Neeraj Jain
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Whole-Time Director | 31-Mar-2010 | Current |
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Harpreet Kang
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Director | 06-Feb-2019 | Current |
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Udeypaul Gill
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Director | 22-Jan-2022 | Current |
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Prem Kumar
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Director | 30-Jul-2024 | Current |
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Suresh Kumar
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Director | 29-Sep-2022 | Current |
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Sachit Jain
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Director | 13-Jun-1994 | Current |
Financial Performance 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
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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)
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The Cotton Textiles Export Promotion CouncilNeeraj Jain is a mutual person
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Shoolini Lifesciences Private LimitedAtul Khosla is a mutual person
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Oswal Castings Private LimitedNeeraj Jain is a mutual person
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Mahavir Spinning Mills Private LimitedShri Oswal, Sachit Jain and 1 more are mutual person
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Aaddoo Softtech Private LimitedAtul Khosla is a mutual person
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Vardhman Special Steels LimitedSachit Jain and Suchita Jain are mutual person
Charges (Loans)
₹3,645.00 Cr
₹7,901.46 Cr
Charges Breakdown by Lending Institutions
- State Bank Of India : 2150.00 Cr
- Hdfc Bank Limited : 965.00 Cr
- Others : 400.00 Cr
- Axis Bank Limited : 130.00 Cr
Latest Charge Details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Aug 2021 | Hdfc Bank Limited | ₹280.00 Cr | Open |
| 10 Jul 2021 | Others | ₹150.00 Cr | Open |
| 05 Sep 2020 | Hdfc Bank Limited | ₹300.00 Cr | Open |
| 04 May 2019 | Hdfc Bank Limited | ₹385.00 Cr | Open |
| 08 Jan 2019 | Axis Bank Limited | ₹130.00 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.
