Page created - November 29, 2017 . It is inolved in Spinning, weaving and finishing of textiles. Facebook is showing information to help you better understand the purpose of a Page. The Company has two subsidiaries, namely F.M. 575,187,580. detailed news, announcements, financial report, company information, annual report, balance sheet, profit & loss account, results and more. 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. Vardhman Polytex Limited | 1,351 followers on LinkedIn. Corporate Responsibility. Vardhman Textiles Limited. Vardhman Textile has entered into Joint Venture Agreement on March 24th, 2008 with American & Efird Inc (A&E), a subsidiary of Ruddick Corporation, USA. Steel Melting. 704 likes. Vardhman Textiles Limited has informed the Exchange regarding allotment of 43800 securities pursuant to ESOP/ESPS at its meeting held on January 04, 2021 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). A + A-Read Full Story. Vardhman Textiles Limited is a Public incorporated on 08 October 1973. May 28, 2020 04:05 IST | India Infoline News Service. Rooted In Values, Creating World Class Textiles | Vardhman Group is a leading textile conglomerate in India having a turnover of $1.1 bn. The Company is engaged in manufacturing of cotton yarn, synthetic yarn, woven fabric, sewing thread, acrylic fiber, tow and garments. 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'). People. Vardhman Textiles Ltd is a manufacturer and seller of textiles and acrylic fiber. About See All. It was incorporated in 1962 and has made its market in not only textile but steel too. 116.56 crores for the quarter ended September 2019. The company was incorporated in 1973 and is based in Tiruppur. Rewards. 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. 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. Local Business. Rolling Mill. Hammerle Textiles Ltd. and F.M. 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. Bright Bar. The Company offers wide range of greige and dyed yarns in cotton, polyester, acrylic, and a variety of blends. Community See All. It has reported a consolidated sales of Rs. Vardhman Textiles Limited, together with its subsidiaries, manufactures and sells textiles and fibre in India, the United States, Europe, rest of Asia, and internationally. There has been no material change in the nature of the business of the subsidiaries. It is classified as Non-govt company and is registered at Registrar of Companies, Chandigarh. Vardhman Group is a leading textile conglomerate in India having a turnover of $1009 mn. (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) 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. 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. See actions taken by the people who manage and post content. PE ratio (17.8x) is below the Indian market (19.7x) Earnings are forecast to grow 48.37% per year. 704 people like this. 5,181.40 crores. Vardhman Textiles Ltd. Local Business . Every decade it went into diversification, expansion and joint ventures. \ About the Company: Vardhman Textiles Limited is an integrated textile manufacturer with its head office in Ludhiana, Punjab. Hammerle Verwaltungs GmbH, Austria, as on 31 st March, 2016. 1,663.67 crores and a net profit of Rs. Vardhman Textiles | 44,833 followers on LinkedIn. 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. Vardhman Polytex Ltd. Vardhman Park, Chandigarh Road LUDHIANA 141123 P: +91161.2685301 F: +91161.6629988 Comparative and Cash Flow Analysis of Arvind Ltd. And Vardhman Textiles. The group is sixty years old started with 6000 spindles to manufacture yarns. Its authorized share capital is Rs. The group's business portfolio includes Yarn, Greige and Processed Fabric, Sewing Thread, Acrylic Fibre and Alloy Steel. Vardhman Textiles Limited (formerly Mahavir Spinning Mills Limited) was incorporated in the year October 08, 1973. Vardhman Textiles Ltd Stock/Share prices, Live BSE/NSE, F&O Quote of Vardhman Textiles Ltd. with Historic price charts for NSE / BSE. The company is based in India and generates about a quarter of revenue internationally. 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. Vardhman Special Steels Limited incorporates cutting-edge manufacturing technology. 708 people follow this. There is no associate company within the meaning of Section 2(6) of the Companies Act, 2013 ("Act"). Vardhman Textiles Limited (VTL) is a listed company engaged in the business of manufacturing cotton yarn, synthetic yarn and woven fabrics. More Details. 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. Vardhman Textiles board approves amalgamation of two subsidiaries The merger deal is subject to the NCLT approval. VMTSL is engaged in the business of manufacturing cotton and blended yarn while VNGL is … The … Risk Analysis . As a responsible corporate citizen, VSSL is committed to providing a safe, progressive, and sustainable work environment. Peer Name Market Cap. Vardhman Textiles Ltd. is part of the Vardhman Group that is engaged in the textile industry. The company earlier was holding 89.44% shares of VMT and with this purchase VMT has become its 100% subsidiary.During … 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 business of the subsidiaries business of the Transferee company inolved in Spinning, weaving and of... 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