13 June 2023, Mumbai
One of India's biggest producers of textiles, Vardhman Group has a dominant market position and an environmentally friendly business style.
History
The Group, which began modestly in 1965, set out to become a top-tier textile company, producing a wide variety of goods for the world textile market.
In addition to being a good corporate citizen, the Group aims to deliver customer happiness via excellence in production and customer service, built on the creative integration of cutting-edge technology and human resources. At the moment, Vardhman exports to more than 65 nations worldwide!
The director's importance in the company
Under the active direction of S. P. Oswal, the chairman and managing director of Vardhman Group, the company has developed over time into a prominent player in the modern textile industry. He graduated with a Master's in Commerce with a Gold Medal from Chandigarh's Punjab University.
For the years 1983 to 1987, he served as the founding president and director of the Ludhiana Stock Exchange, and from 1987 to 1991, he served as the president of the Ludhiana Management Association.
He also served as the chairman of Nimbua Greenfield Punjab Limited, a group of Punjabi businesses working together to build a facility for the storage, handling, and disposal of hazardous wastes produced by the business with funding from the Indian government.
Doyen of Indian Textile
In 2010, the Indian government gave him the Padma Bhushan Award for his significant contributions to commerce and industry.
He draws inspiration from Sri Aurobindo and The Mother's teachings and philosophy.
Mr. Oswal, an industrialist with more than 50 years of experience in the textile sector, has guided the Group to an enviable position in the Textiles Sector because of his leadership, vision, and intelligence.
The Group has effectively utilised its resources to innovate, diversify, integrate, and create a dynamic and modern enterprise out of its numerous operations. The Group, which manufactures Yarn, Fabric, Acrylic Fibre, Garments, Sewing Threads, and Alloy Steel, has grown over the years into a business giant with a presence in India and 65 other nations across the world.
Construct
The Vardhman Group's greatest strategic business unit is yarn, which has the capacity to dye 60 tonnes of yarn and fibre each day in addition to having more than one million spindles.
The Group is the go-to company for a range of yarn needs of the top clients in India and the global markets. Vardhman provides the broadest selection of specialised grey and coloured yarns (NE 10 to NE 200) in cotton, polyester, acrylic, and other blends, in addition to a number of value-added goods.
Setting lofty standards for the sector
The biggest exporter of cotton yarn from India to markets with the highest standards, including the EU, the USA, and nations in Asia, is Vardhman. One of the few completely integrated fabric suppliers in the nation is Vardhman.
Modern manufacturing facilities in North and Central India are able to meet the buyers' highly specialised fabric needs by producing 114 MN meters per year of processed fabric and 180 MN meters per year of greige fabric. Customers benefit greatly from an integrated fabric supply chain that spans from raw materials to yarns and from weaving to processing.
Ventures and their Role in the Company
The market for sewing thread in India is also dominated by Vardhman. The joint venture with American & Efird (A&E Threads) of the USA offers comprehensive thread solutions for everything from industrial applications to tailoring.
Vardhman is ideally situated to serve the garment makers worldwide with a 43 tonnes per day capacity distributed over five factories in North and South India. There are numerous textile applications for Vardhman's Acrylic Fibre.
Versatility
Gujarat (Western India) is home to a cutting-edge manufacturing facility that uses the renowned Japan Exlan Wet Spun technology to create 22000 MT of acrylic Fibre annually. The fiber sold under the trade name VARLAN is well known in the Indian market and is one of the materials most frequently used to make winter clothing there.
Formal wear clothing is produced by Vardhman Nisshinbo Garments Company Limited for both domestic and foreign markets. For creating formal business/formal shirts, Vardhman has partnered with Nisshinbo Textiles Inc. of Japan.
Larger than life
The facility has cutting-edge technology and strives to adhere to the highest standards for clothing manufacturing. The joint venture company serves the top formal wear brands like Louis Philippe, Van Heusen, Colour Plus, Benetton, Sisley, Wills Lifestyle, and many more while supplying the majority of its manufacturing to overseas markets through Nisshinbo.
The group's steel division produces close to 10% of its revenue. Some of the most demanding consumers of high-quality steel, including Mercedes, Toyota, Porsche, and many others, are served by the organization.
The plant's facilities include rolling mills, vacuum degassing, a ladle refining furnace, steel melting, and more. Plain carbon steel, case hardening steel, free/semi-free cutting steel, spring steel, and ball bearing steel are among the products that are in high demand.
Combining Excellence & Innovation
The Group works to achieve greatness by fostering an innovative and ongoing improvement-focused culture. As a company, it adheres to a deliberately conservative philosophy and believes in thoughtful, steady growth.
The Group has been consistently making investments in the company through programs that focus on long-term sustainability. The Vardhman Group views its personnel as its most valuable resource and key differentiator.
Philosophy of Science
Most valued textile corporate; A culture of empowerment exists, one that recognizes and respects each person's unique potential and works to maximize it.
People don't just do their jobs; they own them. It is one of the rare businesses today that is proud to have senior and top management that is totally domestic.
Meritocracy; The company gives people opportunities only based on their merits, without showing favor or bias.
Women-led growth; The Group is especially welcoming to women, who make up a sizable portion of the workforce. Vardhman is standing tall to demonstrate its value in the textile business with a force of over 28000 workers.
