Vardhman Textiles Limited

This company manufactures and exports a variety of yarns, fabrics, and garments for apparel makers.

1973 | Ludhiana, Punjab (India) | Active
Last Updated:

Vardhman Textiles Profile

Key Indicators

  • Authorised Capital ₹ 177.00 Cr
  • Paid Up Capital ₹ 57.83 Cr
  • Company Age 51 Year, 4 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 four 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

  • Location

    Ludhiana, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    vardhman.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    L17111PB1973PLC003345

  • Company No.

    003345

  • Stock Symbol

    BSE : 502986 NSE : VTL

  • Company Classification

    Public Limited Indian Non-Government Company

  • Incorporation Date

    08 Oct 1973

  • Date of AGM

    19 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Listed

  • ROC Code

    Roc Chandigarh

Industry

Manufacturing

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)

NameDesignationAppointment DateStatus
Rajeev Thapar Country flag representing In CFO23-May-2014Current
Shri Oswal Country flag representing In Managing Director08-Oct-1973Current
Sanjay Gupta Country flag representing In Company Secretary01-Jun-2017Current

Board Members (9)

NameDesignationAppointment DateStatus
Neeraj Jain Country flag representing In Whole-Time Director 31-Mar-2010Current
Harpreet Kang Country flag representing In Director 06-Feb-2019Current
Udeypaul Gill Country flag representing In Director 22-Jan-2022Current
Prem Kumar Country flag representing In Director 30-Jul-2024Current
Suresh Kumar Country flag representing In Director 29-Sep-2022Current
Sachit Jain Country flag representing In Director 13-Jun-1994Current

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%.

Vardhman Textiles revenue growth over time
Vardhman Textiles 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
63.48%
Revenue from Operations
62.17%
Total Assets
18.32%
Profit or Loss
378.71%
Net Worth
24.97%
EBITDA
206.00%

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.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹3,645.00 Cr

Satisfied Charges

₹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

DateLenderAmountStatus
27 Aug 2021Hdfc Bank Limited₹280.00 CrOpen
10 Jul 2021Others₹150.00 CrOpen
05 Sep 2020Hdfc Bank Limited₹300.00 CrOpen
04 May 2019Hdfc Bank Limited₹385.00 CrOpen
08 Jan 2019Axis Bank Limited₹130.00 CrOpen

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.

Employee growth trends for Vardhman Textiles Limited

Deals i

Graph showing company valuation over time

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

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 Textiles

Recent activity within the organization

  • Annual General Meeting

    Vardhman Textiles Limited last Annual general meeting of members was held on 19 Sep 2024 as per latest MCA records.

  • Charges

    A charge registered on 09 Aug 2019 via Charge ID 100284241 with Citi Bank N.A. was fully satisfied on 18 Sep 2024.

  • Director Appointment

    Prem Kumar was appointed as a Director was appointed as a Director on 30 Jul 2024 & has been associated with this company since 7 months 5 days .

  • Balance Sheet

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

  • Director Appointment

    Atul Khosla was appointed as a Director was appointed as a Director on 04 Aug 2023 & has been associated with this company since 1 year 7 months .

  • Charges

    A charge registered on 18 Nov 2020 via Charge ID 100388697 with Sbicap Trustee Company Limited was fully satisfied on 28 Jul 2023.

Recent News, Updates & Announcement

Frequently asked questions

  • What is the Incorporation or founding date of Vardhman Textiles Limited?

    Vardhman Textiles Limited was incorporated on 08 Oct 1973.

  • What is authorized share capital and paid-up capital of Vardhman Textiles Limited?

    The authorized share capital of Vardhman Textiles Limited is ₹ 177.00 Cr and paid-up capital is ₹ 57.83 Cr.

  • Who are the current board members & directors of Vardhman Textiles Limited?

    Currently 12 directors are associated with Vardhman Textiles Limited.

    • Udeypaul Singh Gill
    • Prem Kumar
    • Shri Paul Oswal
    • Neeraj Jain
    • Suresh Kumar
    • Sachit Jain
    • Atul Khosla
    • Harpreet Kang
    • Sagrika Jain
    • Rajeev Thapar
    • Sanjay Gupta
    • Suchita Jain

  • What is the registered address of Vardhman Textiles Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Vardhman Textiles Limited is Chandigarh Road, India, Ludhiana, Punjab, 141010.

  • What is the corporate identification number (CIN) and company number of Vardhman Textiles Limited?

    The corporate identification number (CIN) of Vardhman Textiles Limited is L17111PB1973PLC003345 and the company number is 003345 as per Ministry of Corporate Affairs (MCA).

  • Is Vardhman Textiles Limited registered with any stock exchange in India?

    Yes, Vardhman Textiles Limited is registered on Bombay Stock Exchange (BSE) and National Stock Exchange (NSE): VTL.

  • What is the official website of Vardhman Textiles Limited?

    The Official website of Vardhman Textiles Limited is https://www.vardhman.com

  • What has been the recent revenue trend for Vardhman Textiles Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Vardhman Textiles Limited has risen by 63.48%.

  • How many employees does Vardhman Textiles Limited currently have?

    As Per 2022 financial reports, 9799 employees are currently employed by Vardhman Textiles Limited.

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

    The financial reports for the fiscal year 2022 indicates that The net worth of Vardhman Textiles Limited has experienced an upsurge of 24.97%.

  • What are the total open charges for Vardhman Textiles Limited?

    As per the financial statements for fiscal Year 2022, The total open charges for Vardhman Textiles Limited amount to ₹ 3,645.00 Cr.

  • When was the last Balance Sheet of Vardhman Textiles Limited filed with the ROC?

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

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