VARDHAMAN PROFILE

Vardhman Group is a leading textile conglomerate in India having a turnover of $700 mn. Spanning
over 24 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 Group manufacturing facilities include over 8,00,000 spindles, 65 tons per day yarn and
fibre dyeing, 900 shuttleless looms, 90 mn meters per annum processed fabric, 33 tons per day
sewing thread, 18000 metric tons per annum acrylic fibre and 100,000 tons per annum special and
alloy steel.

Vardhman has evolved through history from a small beginning in 1965 into a modern textile major
under the dynamic leadership of its chairman, S.P.Oswal. His vision and insight has given Vardhman
an enviable position in the textile industry. Under his leadership, Vardhman is efficiently using
resources to innovate, diversify, integrate and build its diverse operations into a dynamic modern
enterprise

MISSION

Vardhman aims to be world class textile organization producing diverse range of products for the
global textile market. Vardhman seeks to achieve customer delight through excellence in
manufacturing and customer service based on creative combination of state-of-the-art technology
and human resources. Vardhman is committed to be responsible corporate citizen.

VISION

“To be globally recognized as a Leading Supplier of Quality Fabrics”

Yarns Yarn Manufacturing is the major activity of the group

accounting for 47 percent of the group turnover. Vardhman is
virtually a supermarket of yarns, producing the widest range of
cotton, 13
synthetics and blended, Grey and Dyed yarns and Hand Knitting
Yarns, in which Vardhman is the market leader in India. The group
has twenty one production plants with a total capacity of over 8
lacs spindles, spread all over the country. In many of the yarn
market segments, Vardhman holds the largest market share.
Vardhman is also the largest exporters of yarn from India,
exporting yarns worth more than USD 150 million.
Sewing Thread Vardhman is the second largest producer of sewing
thread in the country. The sewing thread manufacturing capacity is
being expanded from 17 tons per day to 33 tons per day in its
sewing thread plants located at Hoshiarpur, Baddi and Ludhiana.
Sewing threads contributes 11 percent of the group turnover.
Fabrics the group has created state-of-the-art fabric weaving and
processing facilities in its plant at Baddi, Northern India. The group
has installed 900 shuttle less looms and a fabric processing capacity
of 90 million meters per annum in collaboration of Tokai Senko of
Japan. Fabrics business contributes 22 percent to the group
turnover
Fibre The group has set up an Acrylic Staple Fibre plant at Bharuch
in Gujarat in collaboration with Marubeni and Japan Exlan of Japan.
The plant has annual capacity of 18000 tons per annum. Fibre
contributes 8 percent to the total turnover of the group.
14
Steel The Group is also present in upper-end of the steel industry.
The group has manufacturing capacity of 100000 tons of special and
alloy steel. The group supplies its steel products to some of the
most stringent quality steel buyers like Maruti and Telco. It
contributes 10 percent to the total turnover of the group.

Data Collection Methodology Secondary Data The data used in the

research was the secondary data. As last year’s and current year’s
files were provided through which all the research part was done.
An extensive research over the internet helped in obtaining
appreciatively relevant information on the market for Vardhman
group of companies and for the market scenario of finance and the
insurance. 5.3 Study type The study begins with secondary data of
the companies records in the exploratory phase, followed by the
company’s profile, insurance types, in depth knowledge about the
insurance, the procedures, the claims procedures and cover note.

HR Consultant
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