vardhman textiles ltd subsidiaries

Vardhman Textiles board approves amalgamation of two subsidiaries The merger deal is subject to the NCLT approval. 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 Limited: 6,204: K.P.R. (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) 708 people follow this. More Details. Hammerle Textiles Ltd. and F.M. Corporate Responsibility. 575,187,580. Page Transparency See More. Peer Name Market Cap. Vardhman Textiles Limited is a Public incorporated on 08 October 1973. Risk Analysis . detailed news, announcements, financial report, company information, annual report, balance sheet, profit & loss account, results and more. Bright Bar. Vardhman Polytex Limited | 1,351 followers on LinkedIn. See actions taken by the people who manage and post content. Rooted In Values, Creating World Class Textiles | Vardhman Group is a leading textile conglomerate in India having a turnover of $1.1 bn. The … 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. It has its global alliances in USA, South Korea and Japan. Vardhman Textiles Limited is an integrated textile manufacturer. It was incorporated in 1962 and has made its market in not only textile but steel too. 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. 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. The company earlier was holding 89.44% shares of VMT and with this purchase VMT has become its 100% subsidiary.During … Vardhman Textiles Limited (formerly Mahavir Spinning Mills Limited) was incorporated in the year October 08, 1973. Its authorized share capital is Rs. Vardhman Polytex Ltd. Vardhman Park, Chandigarh Road LUDHIANA 141123 P: +91161.2685301 F: +91161.6629988 VMTSL is engaged in the business of manufacturing cotton and blended yarn while VNGL is … 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. It is classified as Non-govt company and is registered at Registrar of Companies, Chandigarh. 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 … Heat Treatment. 704 people like this. The company is based in India and generates about a quarter of revenue internationally. Page created - November 29, 2017 . 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. Vardhman Textiles Limited has informed the Exchange regarding allotment of 43800 securities pursuant to ESOP/ESPS at its meeting held on January 04, 2021 A + A-Read Full Story. There is no associate company within the meaning of Section 2(6) of the Companies Act, 2013 ("Act"). 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. People. Hammerle Verwaltungs GmbH, Austria, as on 31 st March, 2016. 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. Vardhman Textiles Limited (VTL) is a listed company engaged in the business of manufacturing cotton yarn, synthetic yarn and woven fabrics. 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 Special Steels Limited incorporates cutting-edge manufacturing technology. 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 Ltd. is part of the Vardhman Group that is engaged in the textile industry. Local Business. The Transferor Company 2 is a wholly owned subsidiary of the Transferee Company. 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. As a responsible corporate citizen, VSSL is committed to providing a safe, progressive, and sustainable work environment. About See All. Vardhman Textiles Limited. 1,000,000,000 and its paid up capital is Rs. Vardhman Textiles Limited. It is inolved in Spinning, weaving and finishing of textiles. Vardhman Textiles Ltd. Local Business . Vardhman Group is a leading textile conglomerate in India having a turnover of $1009 mn. Vardhman Textiles | 44,833 followers on LinkedIn. Vardhman Textiles Ltd is in the Textiles sector, having a market capitalization of Rs. Steel Melting. 116.56 crores for the quarter ended September 2019. Vardhman Textiles Ltd is a manufacturer and seller of textiles and acrylic fiber. May 28, 2020 04:05 IST | India Infoline News Service. Vardhman Textiles Ltd Stock/Share prices, Live BSE/NSE, F&O Quote of Vardhman Textiles Ltd. with Historic price charts for NSE / BSE. Every decade it went into diversification, expansion and joint ventures. The technical expertise at VSSL is worth a special mention. 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'). Mill Limited: 6,021: Garware Wall Ropes Limited: 5,060: Trident Limited: 7,868: Indo Count Industries Ltd 5,181.40 crores. 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. Rewards. 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. 126.7 cr: Kotak Facebook is showing information to help you better understand the purpose of a Page. \ About the Company: Vardhman Textiles Limited is an integrated textile manufacturer with its head office in Ludhiana, Punjab. Since the market is the benchmark, the market's beta is always 1. 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. Vardhman Textiles Limited, together with its subsidiaries, manufactures and sells textiles and fibre in India, the United States, Europe, rest of Asia, and internationally. 704 likes. 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. The group is sixty years old started with 6000 spindles to manufacture yarns. 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). Large one-off items impacting financial results. Vardhman Group is a leading textile conglomerate in India having a turnover of $1009 mn. Vardhman Textiles Limited, together with its subsidiaries, operates as an integrated textile manufacturing company in India. The company was incorporated in 1973 and is based in Tiruppur. The Company is engaged in manufacturing of cotton yarn, synthetic yarn, woven fabric, sewing thread, acrylic fiber, tow and garments. 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. The Company offers wide range of greige and dyed yarns in cotton, polyester, acrylic, and a variety of blends. Related Pages. In 1987, Mahavir Spinning Mills Limited has taken over the Management of the Company and the said company becomes the subsidiary of MSML. It has reported a consolidated sales of Rs. 1,663.67 crores and a net profit of Rs. There has been no material change in the nature of the business of the subsidiaries. 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 Textiles Limited manufactures textile products. The group's business portfolio includes Yarn, Greige and Processed Fabric, Sewing Thread, Acrylic Fibre and Alloy Steel. Community See All. PE ratio (17.8x) is below the Indian market (19.7x) Earnings are forecast to grow 48.37% per year. The Company has two subsidiaries, namely F.M. Vardhman Textiles Limited . Rolling Mill. Comparative and Cash Flow Analysis of Arvind Ltd. And Vardhman Textiles. Manufacture yarns Austria, as on 31 st March, 2016 Yarn, Greige and Processed Fabric, Thread. Head office in Ludhiana, Punjab of the business of the vardhman textiles ltd subsidiaries at Registrar of Companies Chandigarh... 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