Vardhman Yarns And Threads Limited

Patna, Bihar

GST-10AACCV2554K1ZI

Vardhman
Business
: Manufacturer
Turnover
: Rs. 500 - 1000 Crore
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Fact Sheet
Nature of Business
Manufacturer
Company CEO
S. P. Oswal
Legal Status of Firm
Limited Company (Ltd./Pvt.Ltd.)
Annual Turnover
Rs. 500 - 1000 Crore
GST No.
10AACCV2554K1ZI
CIN No.
U17230PB2005PLC027936
Contact Details
Vardhman Yarns And Threads Limited
Ashok
Mazzanine Floor, Abhishek Plaza, Exhibition Road
Patna800001
Bihar, India
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About Vardhman Yarns And Threads Limited
2011

Vardhman Special Steels was demerged from VTXL into a listed Company Vardhman Special Steels Ltd. (VSSL) and post demerger, VTXL is now a pure textile Company manufacturing yarn & fabric

2011-20202009

Vardhman Nisshinbo Garments Limited, a JV between Vardhman Group and Nisshinbo Textiles Inc., Japan was set up for manufacturing formal shirts

2008

Vardhman Fabrics was set up in Budni, Madhya Pradesh. The state-of-the-art consolidated textile plant with an installed capacity of 60,000 spindles, 400 looms and 50 million meters of processed fabric capacity was one of a kind at the time.
VTXL also expanded its fabric capacity in Baddi by setting up a new plant called MSML Textile Division. Today the weaving capacity has expanded to 180 million meters and processing to 114 million meters per annum

2007

Vardhman Yarns & Threads Ltd. (VYTL) was incorporated as a joint venture with the world’s second largest thread Company, American & Efird (A&E).The entire threads business of VTXL was sold to this Company. The industrial threads business of VTL (based in Baddi) was also demerged into VYTL
VTL was left with only a few investments in its books and was converted into an NBFC named VTL Investments Ltd.

2006

In order to meet the needs of increased demand, Vardhman Yarns was set up in Satlapur, Madhya Pradesh with an installed capacity of 166,000 spindles. Today it is our largest spinning plant with a capacity of 305,376 spindles including 9600 vortex spindles

2004

The textile business of VSGML (yarn, fabric) demerged into MSML with effect from Apr 1, 2004. Subsequently, the name of MSML was changed to Vardhman Textiles Ltd. (VTXL) and VSGML was renamed as Vardhman Holdings Limited

2002

Arisht Spinning Mills, a spinning plant at Baddi was acquired by MSML from Vardhman Polytex Limited, an erstwhile group Company

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Our Management
  • MR. S.P. OSWALChairman, Vardhman Group

    Mr. Shri Paul Oswal is the Chairman and Managing Director of the Vardhman Group. He holds a Masters Degree in Commerce (Gold Medalist) from Panjab University, Chandigarh. He is also member of Nomination and Remuneration Committee and Chairman of Committee of Directors (Legal, Banking & Finance) of the Company. In addition he is the Chairman of Vardhman Holdings Limited, Vardhman Acrylics Limited and Vardhman Yarns and Threads Limited.

    With over 48 years of experience in textiles industry while being associated with Vardhman Group, he has led Vardhman Textiles to achieving accelerated growth in yarn manufacturing capacity, fabric weaving plants and yarn & fabric processing facilities in the country. He was the Founder President and Director of Ludhiana Stock Exchange for the period 1983-87 and President of Ludhiana Management Association for the period 1987-1991. He also acted as Chairman of Nimbua Greenfield Punjab Limited, a consortium of industries of Punjab for developing a common facility for storage, treatment and disposal of hazardous wastes generated by the industry with grant from Government of India. For his extensive contribution to the trade & industry, he was bestowed the Padma Bhushan Award by the Government of India in the year 2010.



    MR. SACHIT JAINJoint Managing Director (VTXL) & Managing Director (Vardhman Special Steels Limited)

     

    Mr. Sachit Jain joined the Vardhman Group as a Director of Company in the Year 1990 and thereafter was appointed Executive Director of the Company in March, 2005. He is also a member of the Stakeholder Relationship Committee, CSR Committee, Risk Management Committee and Committee of Directors (Legal, Banking & Finance) of the Company.

    He holds a Bachelors Degree in Technology (Electrical) from IIT, New Delhi and MBA (Gold Medallist) from IIM, Ahmedabad. He has studied Financial Management from Stanford, USA. He started his professional career with Hindustan Lever in 1989 before joining the Vardhman Group.

    He has a rich experience of more than 25 years in textiles industry and with the Company. Currently, he is also the Managing Director of Vardhman Special Steels Limited, a group Company.

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Ashok

Mazzanine Floor, Abhishek Plaza, Exhibition Road ,
Patna800001
Bihar, India

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