Vardhman

VARDHMAN TEXTILE
LTD.
ABOUT
Vardhman Textiles, incorporated in 1973, is one of the pioneers in textile

industry with operations in the segments of yarn, sewing thread, steel, and
fabric. Formerly known as Mahavir Spinning Mills, it is a part of Vardhman
Group managed by Paul Oswal.
In 1975, Vardhman Textiles first plant was commissioned with 25,088

spindles in Hoshiarpur, Punjab. In 197778, the company set up a 25,000
spindle textile mill at Malerkotla in Sanazur, Punjab. In 199293, a 100%
Export Oriented Unit (EOU) was commissioned by Vardhman Textiless at
Mandideep. Both the Malerkotla mill and EOU unit was awarded the ISO
9002/BIS 14002 by Bureau of Indian Standards (BIS).
In March 1995, its gassed and mercerized dyed yarn project at Hoshiarpur
commenced production. In order to set up 100% EOU located at Baddi,
Himachal Pradesh, the company formed joint venture with Marubeni
Corporation and Toho Rayon of Japan. For this company established
Vardhman Acrylics and started commercial production in September 1996.
In 199899 company set up its 3rd 100% EOU at Mandideep with an installed
production capacity of 25000 spindles.
Company set up unitII at Ludhiana in order to expand its sewing thread

capacity. This unit had an installed capacity of 5 TPD. Company entered an
agreement with American & Effird Inc., USA to manufacture superior sewing
thread.
Much later in 2004 the textile business of Vardhman Spinning and General
Mills was merged with Vardhman Textiles. The company added new units of
Looms and Rotors with a installed capacity of 264 Nos and 528 Nos
respectively
Companies like VMT Spinning Company (VMT), Vardhman Threads (VTL) and
Vardhman Yarns & Threads and Vardhman Acrylics are the subsidiaries of
Vardhman Textiles. Vardhman Textiles is promoted by Ludhiana based
Vardhman Group, a major textile business house in India.
Company has received ISO 9002/ ISO 14002 certification for its quality
management.
Vardhman Textiles exports its products to more than 25 countries and has a
strong presence in markets like the EEC, USA, Canada, China, Japan, Korea,
Mexico, Brazil and Mauritius, Middle East.
Vardhman Group (Parent Company) Vardhman Group was set up in the year
1965 at Ludhiana, Northern India. The group has business interest in area of
Yarns, Fabrics, Sewing Threads, Fiber and Alloy Steel. Vardhman group is one
of the largest spinning group of the country with a spindlage of over 5,
50,000.
The group has 12 production plants located in the states of Punjab, Himachal
Pradesh and Madhya Pradesh. Currently the group has manufacturing
capacity of approximately 25 metric tons/per day of sewing thread in its
plant at Hoshiarpur, Ludhiana, Baddi and Perundurai. Currently the group
employs 20,000 people. Future Prospects Vardhman Textiles is undertaking
Research and Development activities in order to develop of new products
and for improvement in the production process and quality of products.
OUR VISION
Rooted in values, creating world class Textiles.
OUR MISSION
Vardhman aims to be world class textile organization producing diverse
range of products for the global textile market. Vardhman seeks to achieve
customer delight through excellence in manufacturing and customer service
based on creative combination of state -of-the-art technology and human
resources. Vardhman is committed to be responsible corporate citizen.
OUR CORE VALUE

We are customer oriented and constantly seek new technologies and
product solutions.
We Endeavour to be creative and innovative in our response to
problems, process and solutions.
We work with long term perspective and deals with or ride through
short term situation with objectivity and right understanding even
when the organization has to bear the suffering/pain.
We try to benchmark ourselves against the industry leaderand accord
high priority to excellence than size or rank.
We believe in creating a learning organization which accepts change as
a way of life.
We believe in values of leadership, teamwork, openness, trust and free
flow of ideas.
We offer opportunities to people without any favour or bias but purely
on merits. We have strong belief in respect of people.
We place great emphasis on development of the potential of our
people through training & development.
Fairness in our approach, ethical conduct and concern for environment
and ecology remains abiding values with us.
Vardhman Textile Ltd is the largest listed, integrated

textile manufacturing company in the Country
VTL has a strong position in the Indian textile sector in the manufacturing of fiber,
yarn, sewing thread and fabrics
Now also into garment manufacturing through collaboration with Nisshinbo, Japan
with production started in Mar 2011
VTL and its subsidiaries have 25 manufacturing facilities across India and employ
~26,000+ people
Vardhman Textile Ltd is a market leader in its various

product offerings
VTL and its subsidiaries is the largest listed yarn manufacturer in India with
a capacity of more than 1.00 million spindles including 7,188 rotors.
The leading manufacturer & exporter of cotton yarn in India and leading
manufacturer of piece dyed fabric.
The 2nd largest producer of sewing threads and the market leader in hand
knitting yarn in India
Global alliances
VTL has forged global alliances with leading textile companies such as
American & Efird (A&E) Inc USA, Marubeni, Japan and Nisshinbo, Japan.
Key Financials (Consolidated)

Consolidated revenues from operations for FY15 ended on 31st March, 2015
at Rs. 67,859 Mn (US$ 1,044 Mn); EBITDA Rs. 12,840 Mn (US$ 198 Mn);
PAT Rs. 4,504 Mn (US$ 69 Mn)

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VARDHMAN TEXTILE

Vardhman Textiles, incorporated in 1973, is one of the pioneers in textile

In 1975, Vardhman Textiles first plant was commissioned with 25,088

Company set up unitII at Ludhiana in order to expand its sewing thread

OUR CORE VALUE

Vardhman Textile Ltd is the largest listed, integrated

Vardhman Textile Ltd is a market leader in its various

Key Financials (Consolidated)

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