Vardhman Textiles Ltd.
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Vardhman Textiles Ltd.

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’s first plant was commissioned with 25,088 spindles in Hoshiarpur, Punjab. In 1977-78, the company set up a 25,000-spindle textile mill at Malerkotla in Sanazur, Punjab. In 1992-93, a 100% Export Oriented Unit (EOU) was commissioned by Vardhman Textiles’s 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 1998-99 company set up its 3rd 100% EOU at Mandideep with an installed production capacity of 25000 spindles.

Company set up unit-II at Ludhiana in order to expand its sewing thread capacity. This unit had an installed capacity of 5 TPD. Company entered an agreement with Amercian & 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, Fibre 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 tonne/per day of sewing thread in its plant at Hoshiarpur, Ludhiana, Baddi and Perundurai. Currently the group employs 20,000 people.Future ProspectsVardhman 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.

PRODUCT

Yarn: Under this segment, the company manufactures wide range of yarn such as Grey Cotton, Grey Acrylic, Crayons, Hank Dyed Acrylic, Vardhman Knitting, Gassed Mercerised Cotton and many more.Company’s annual manufacturing capacity of yarn is to 98,736 MT.

Fabrics- Company manufactures fabric for shirting and bottom weights. It produces fabrics of various types viz. 100% Cotton, Polyester cotton, Chief Value Cotton and Cotton Stretch. Company’s fabric manufacturing capacity is  30 million meters per annum

Sewing Threads- Company manufactures wide range of threads such as cotton, polyster, core spun (polyester cotton/ polyester polyester), trilobal embroidery thread, bonded nylon and lubricated nylon thread including specialized threads like button fusing, bead fusing and anti wicking, button shanking, indigo dyed and so on.

Steel- Under this, company has an installed capacity of 1,00,000 Metric tonnes per annum.

Awards

The Company was awarded Golden trophy by Textile Export Promotion Council (Merchant Export Category for Fabrics) for the various export performance in the year 1993-94.

Vardhman Textiles received the award of merit from the Government of India in the year 1994-95 and 1995-96.

2010-11 - Textile Export Promotion Council 2010-11

2011-12 -
Textiles Export Promotion Council (Texprocil) Awards 2011-12
Gold Trophy in Yarn Counts 51's & Above
Gold - Won Special Achievement Award in Yarns Category
Silver Trophy in Processed Yarns
Silver Trophy in Yarn Counts 50's & Below

2012-13
Textiles Export Promotion Council (Texprocil) Awards 2012-13
Gold Trophy for the Highest Exports of Processed Yarns
Silver Trophy for Exports in Counts 50's & Below
Bronze Trophy for Exports in Counts 51's & Above

2013-14

Textiles Export Promotion Council (Texprocil) Awards 2013-14

Milestone

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
2009
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
1999
Vardhman Textiles bought out the entire stake of Barbour Campbell Group in BVTL and continued its activities under the name Vardhman Threads Limited (VTL)
VSGML set up a Fabric Process House in the name of Auro Textiles at Baddi with technology from Tokai Senko Japan. The plant was commissioned in December 1999
MSML undertook an expansion of Sewing Threads business by installing more capacity in Ludhiana
The commercial production for the manufacture of Acrylic Fibre in VAL commenced in March 1999
1995-1996
MSML further entered into a JV with M/S Barbour Campbell Group Limited of Ireland and Barbour Vardhman Threads Limited (BVTL) was incorporated to manufacture industrial synthetic threads in Baddi
MSML entered into a JV with Marubeni Corporation and M/S Japan Exlan Company Limited for setting up an Acrylic Fibre project at Jhagadia, Bharuch by the name of Vardhman Acrylics Ltd (VAL)
1994
MSML set up a Gas Mercerised unit at Hosiarpur, Punjab in technical collaboration with Kyungbang Limited, South Korea with a capacity of 1.7 tons per day and later expanded to 7 tons per day
MSML entered into a JV with M/S Marubeni Corporation & Toho Rayon Company Limited of Japan for setting up a new spinning Company –VMT Spinning Company Limited in Baddi, Himachal Pradesh for manufacturing customised yarns for the Japanese market
1993
VSGML set up Dye House at Baddi, Himachal Pradesh in technical collaboration with Nihan Sanmo Dyeing Company Limited, Japan for Fiber & Yarn Dyeing
(A year of Foreign Collaborations & Joint Ventures)
MSML set up a Gas Mercerised unit at Hosiarpur, Punjab in technical collaboration with Kyungbang Limited, South Korea with a capacity of 1.7 tons per day and later expanded to 7 tons per day
MSML entered into a JV with M/S Marubeni Corporation & Toho Rayon Company Limited of Japan for setting up a new spinning Company –VMT Spinning Company Limited in Baddi, Himachal Pradesh for manufacturing customised yarns for the Japanese market
1992
VSGML went into forward integration by setting up a Weaving unit at Baddi with an installed capacity of 72 looms
1990-91
MSML set up a 100% Export Oriented Unit for manufacturing cotton yarn with 25,000 spindles under the name Anant Spinning Mills, Mandideep in Madhya Pradesh

1989
In a bid to diversify operations, VSGML set up a new spinning mill under the name of Auro Spinning Mills with 25,000 spindles in a village named Baddi in Himachal Pradesh. The unit became fully operational in December 1991
1988
Mohta Industries Limited was merged with MSML. At the time of merger, the Company had a division known as Mohta Alloys & Steel Works, a mini steel plant at Ludhiana. MSML renamed this plant as Vardhman Special Steels
1981
MSML diversified its business by venturing into the manufacturing of Sewing Threads at Hoshiarpur, Punjab
1978
MSML further increased its presence in Punjab and set up a new spinning unit with an installed capacity of 25,000 spindles by the name of Arihant Spinning Mills at Malerkotla, Punjab
1976
MSML set up a new spinning unit with an installed capacity of 25,000 spindles in Hoshiarpur, Punjab
1973
Mahavir Spinning Mills Limited (MSML), presently known as Vardhman Textiles Ltd. (VTXL) was incorporated and is the flagship Company of the Group
1962
Vardhman Spinning & General Mills Ltd. (VSGML) was incorporated in Ludhiana, Punjab in 1962 by Shri V.S Oswal & Shri Ratan Chand Oswal. VSGML started production with a capacity of 6000 spindles to manufacture cotton yarn in 1965.