Vardhman Special Steels Limited incorporates cutting-edge manufacturing technology. Its authorized share capital is Rs. Vardhman Textiles Ltd is in the Textiles sector, having a market capitalization of Rs. It has reported a consolidated sales of Rs. Vardhman Textiles Limited manufactures textile products. Vardhman Textiles board approves amalgamation of two subsidiaries The merger deal is subject to the NCLT approval. Mill Limited: 6,021: Garware Wall Ropes Limited: 5,060: Trident Limited: 7,868: Indo Count Industries Ltd 575,187,580. 1995 The company entered into a joint venture agreement with Japan Exlan Co. Ltd. and Marubeni Corporation of Japan for setting up an acrylic fibre project for manufacture of 16,500 TPA acrylic fibre. \ About the Company: Vardhman Textiles Limited is an integrated textile manufacturer with its head office in Ludhiana, Punjab. PE ratio (17.8x) is below the Indian market (19.7x) Earnings are forecast to grow 48.37% per year. The company earlier was holding 89.44% shares of VMT and with this purchase VMT has become its 100% subsidiary.During … 1,000,000,000 and its paid up capital is Rs. 704 likes. The company is based in India and generates about a quarter of revenue internationally. The … Vardhman Textiles | 44,833 followers on LinkedIn. Peer Name Market Cap. Founded in 1973, and run by CEO Shri Oswal, the company provides employment to 21,206 people and with the market cap of INR ₹70.14B, it falls under the large-cap category. Steel Melting. The business and financial risk profiles of VTXL's subsidiary, VTL Investments Limited and VTXL's associate, Vardhman Special Steels Ltd (VSSL) are also combined … Vardhman Textiles Limited, together with its subsidiaries, operates as an integrated textile manufacturing company in India. Spanning over 25 manufacturing facilities in five states across India, the Group business portfolio includes Yarn, Greige and Processed Fabric, Sewing Thread, Acrylic Fibre and Alloy Steel. Facebook is showing information to help you better understand the purpose of a Page. The group's business portfolio includes Yarn, Greige and Processed Fabric, Sewing Thread, Acrylic Fibre and Alloy Steel. Vardhman Polytex Ltd. Vardhman Park, Chandigarh Road LUDHIANA 141123 P: +91161.2685301 F: +91161.6629988 Vardhman Textiles Limited (formerly Mahavir Spinning Mills Limited) was incorporated in the year October 08, 1973. The Company offers wide range of greige and dyed yarns in cotton, polyester, acrylic, and a variety of blends. Page Transparency See More. Vardhman Textiles Limited has informed the Exchange regarding allotment of 43800 securities pursuant to ESOP/ESPS at its meeting held on January 04, 2021 Vardhman Textiles Limited . Vardhman Textiles Ltd. is part of the Vardhman Group that is engaged in the textile industry. 704 people like this. It has its global alliances in USA, South Korea and Japan. There has been no material change in the nature of the business of the subsidiaries. 1,663.67 crores and a net profit of Rs. Vardhman Group is a leading textile conglomerate in India having a turnover of $1009 mn. Since the market is the benchmark, the market's beta is always 1. Vardhman Textiles Limited ( Transferee Company ), is a public company incorporated under the Companies Act, 1956 having its registered office at Chandigarh Road, Ludhiana, Punjab 141010, india with Permanent Account Number AABCM4692E and the Corporate Identification Number L17111P8B1973PLC003345. Vardhman Polytex Limited | 1,351 followers on LinkedIn. This is because all the entities, collectively referred to as the Vardhman group, are in the textile business, have an integrated treasury and strong intra-group operational linkages, including common procurement of cotton. Vardhman Textiles Ltd. is now in the midst of expansion in fabric capacities, part of which, a printing line, already commenced commercial production in March last. Vardhman Textiles Limited. More Details. Vardhman Textiles Limited. Related Pages. Vardhman Textiles Ltd Stock/Share prices, Live BSE/NSE, F&O Quote of Vardhman Textiles Ltd. with Historic price charts for NSE / BSE. As a responsible corporate citizen, VSSL is committed to providing a safe, progressive, and sustainable work environment. Vardhman Nisshinbo Garments Company Limited (VNGL) This subsidiary of the Company is a Joint Venture partnership of 51:49 with Nisshinbo Textiles Inc., Japan for manufacturing men''s shirts. See actions taken by the people who manage and post content. Hammerle Verwaltungs GmbH, Austria, as on 31 st March, 2016. It is classified as Non-govt company and is registered at Registrar of Companies, Chandigarh. Vardhman Textiles Ltd is a manufacturer and seller of textiles and acrylic fiber. Vardhman Textiles Limited (VTL) is a listed company engaged in the business of manufacturing cotton yarn, synthetic yarn and woven fabrics. The company was incorporated in 1973 and is based in Tiruppur. VMTSL is engaged in the business of manufacturing cotton and blended yarn while VNGL is … There is no associate company within the meaning of Section 2(6) of the Companies Act, 2013 ("Act"). This is because all the entities, collectively referred to as the Vardhman group, are in the textile business, have an integrated treasury and strong intra-group operational linkages, including common procurement of cotton. Page created - November 29, 2017 . The Company is engaged in manufacturing of cotton yarn, synthetic yarn, woven fabric, sewing thread, acrylic fiber, tow and garments. In 1987, Mahavir Spinning Mills Limited has taken over the Management of the Company and the said company becomes the subsidiary of MSML. It is inolved in Spinning, weaving and finishing of textiles. The Transferor Company 2 is a wholly owned subsidiary of the Transferee Company. 126.7 cr: Kotak People. Rewards. Vardhman Group is a leading textile conglomerate in India having a turnover of $1009 mn. The Company has two subsidiaries, namely F.M. detailed news, announcements, financial report, company information, annual report, balance sheet, profit & loss account, results and more. Vardhman Textiles Limited, together with its subsidiaries, manufactures and sells textiles and fibre in India, the United States, Europe, rest of Asia, and internationally. About See All. Community See All. Vardhman Textiles Limited is an integrated textile manufacturer. Vardhman Textiles Ltd. Local Business . 708 people follow this. Vardhman Textiles Limited: 6,204: K.P.R. Levered/Unlevered Beta of Vardhman Textiles Ltd. ( 502986 | IND) Beta is a statistical measure that compares the volatility of a stock against the volatility of the broader market, which is typically measured by a reference market index. The company's largest revenue segment is textiles, which offers greige and dyed yarns in a number of fabrics such as cotton, polyester, acrylic, organic cotton, melange, cellulose, and synthetics. Local Business. Vardhman Text Standalone September 2020 Net Sales at Rs 1,532.90 crore, down 1.28% Y-o-Y 11.10.2019 Vardhman Textiles Q2 PAT may dip 35.5% YoY to Rs. The technical expertise at VSSL is worth a special mention. It was incorporated in 1962 and has made its market in not only textile but steel too. On 6 September 2017, Vardhman Textiles informed the stock exchanges that the company has purchased entire stake of Marubeni Corporation (6.67%) and Marubeni Hong Kong and South China Limited (3.89%) in its subsidiary, M/s VMT Spinning Company Limited (VMT). 116.56 crores for the quarter ended September 2019. Every decade it went into diversification, expansion and joint ventures. Corporate Responsibility. The business and financial risk profiles of VTXL's subsidiary, VTL Investments Limited and VTXL's associate, Vardhman Special Steels Ltd (VSSL) are also combined … On May 28, 2020, Vardhman Textiles Limited (VTXL) announced its decision to merge with its wholly owned subsidiaries, VMT Spinning Company Limited (VMTSL, 'CRISIL AA/Watch Positive/CRISIL A1+') and Vardhman Nisshinbo Garments Company Limited (VNGL, 'CRISIL A+/Watch Positive'). Risk Analysis . Spanning over 25 manufacturing facilities in five states across India, the Group business portfolio includes Yarn, Greige and Processed Fabric, Sewing Thread, Acrylic Fibre and Alloy Steel. Bright Bar. Comparative and Cash Flow Analysis of Arvind Ltd. And Vardhman Textiles. A + A-Read Full Story. During the year, the Revenue from Operations of the Company was RS, 59.81 crore as compared to RS, 58.18 crore in the previous year. Rooted In Values, Creating World Class Textiles | Vardhman Group is a leading textile conglomerate in India having a turnover of $1.1 bn. This phase of expansion will be rolled out over the next three years, including the current financial year, and will entail a capex of approximately Rs. 5,181.40 crores. May 28, 2020 04:05 IST | India Infoline News Service. The group is sixty years old started with 6000 spindles to manufacture yarns. (Textile Industry) Submitted To: Dr. Pinku Paul Presented By: Group A3 Ankur Sengupta (20PGPM008) Apoorv Sarin (20PGPM010) Priti Das (20PGPM030) Rahul Shaw (20PGPM034) Rounak Ghosh (20PGPM042) Shubham Katiyar (20PGPM052) Supratim Dey (20PGPM059) Delicate Threads that Binds us Together | Vardhman Polytex Limited (VPL) was originally promoted by Mohta Group and PSIDC under the name & style, M/s Punjab Mohta Polytex Limited. Hammerle Textiles Ltd. and F.M. Rolling Mill. Vardhman Textile has entered into Joint Venture Agreement on March 24th, 2008 with American & Efird Inc (A&E), a subsidiary of Ruddick Corporation, USA. Vardhman Textiles Limited is a Public incorporated on 08 October 1973. Large one-off items impacting financial results. Heat Treatment. Fabric, Sewing Thread, acrylic, and sustainable work environment Fabric, Sewing Thread, acrylic and. 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