About VIP Industries
VIP Industries is a publicly listed company based in Mumbai (India) founded in 1968 by Dilip Piramal. It operates as a luggage and travel utilities are manufactured and exported globally. The company has 9,060 employees. Its website vipindustries.co.in draws about 60 thousand monthly visits. Its Indian entity V I P Industries Limited reported revenue of ₹2,189 Cr. VIP Industries offers products and services including Luggage and Bags. Its focus areas include Consumer Goods, Retail Chains, Fashion and Horizontal.
Company details
VIP Industries was founded in 1968 and is headquartered in Mumbai, India. Luggage and travel utilities, including trolleys, suitcases, duffel bags, backpacks, executive cases, overnight solutions, and school bags, are produced and exported under brands such as VIP, Aristocrat, Alfa, Footloose, Skybags, and Carlton. Operations span more than 8,000 retail outlets across India and a network of over 1,300 retailers in 27 countries.
- Headquarters Mumbai, India
- Employees 9,060
- Founders Dilip Piramal
- Stage Public
- SectorsRetail
- Website vipindustries.co.in
- Social LinkedIn X
- Legal Name V.I.P.Industries Ltd.
- Annual Revenue₹2,189 Cr
FY 2025 · -3% YoY
- Net Loss-₹68.79 Cr
FY 2025 · -3% margin
- EBITDA₹101 Cr
FY 2025 · 5% margin
- Investors
- Employee Count9,060
Associated legal entities of VIP Industries
VIP Industries operates through V I P Industries Limited, a listed company (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| V I P Industries Limited Listed CIN L25200MH1968PLC013914 | Active | 27 Jan 1968 | Mumbai, Maharashtra | ₹2,189 Cr | 1,338 | 9 | View details |
Products & Services of VIP Industries
VIP Industries offers a comprehensive portfolio of products and services, including Luggage and Bags.
Luggage is manufactured for travel purposes and is distributed through retail channels
Bags are produced under various brands and are made available for daily and travel use
Funding Insights of VIP Industries
- Total Rounds 1
- Investors Count 1
All 1 funding rounds of VIP Industries with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Aug 2025 | – | Unspecified | – | – |
1 investors in total: 1 institutional.
Investors in VIP Industries
VIP Industries has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Multiples Alternate Asset Management.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
- | – | multiplesequity.com | - |
Investor details for VIP Industries
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Board of directors of V I P Industries Limited (VIP Industries)
V I P Industries Limited is the primary company behind VIP Industries. The board of V I P Industries Limited currently have 8 directors; the longest-serving is Suresh Inderchand Surana, appointed in 2023. 30 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Suresh Inderchand Surana DIN 00009757 | Director | 07 Aug 2023 | 3 yrs 2 mo | V I P Industries Limited |
| Atul Jain DIN 07434943 | Managing Director | 23 Sep 2025 | 1 yr | V I P Industries Limited |
| Shalini Dilip Piramal DIN 01365328 | Additional Director | 23 Sep 2025 | 1 yr | V I P Industries Limited |
| Rajendra Vishwanath Agarwal DIN 00227233 | Additional Director | 23 Sep 2025 | 1 yr | V I P Industries Limited |
| Renuka Ramnath DIN 00147182 | Additional Director | 23 Sep 2025 | 1 yr | V I P Industries Limited |
| Sridhar Sankararaman DIN 06794418 | Additional Director | 23 Sep 2025 | 1 yr | V I P Industries Limited |
| Sanjay Mahesh Prasad Rastogi DIN 08376572 | Additional Director | 27 May 2026 | 4 mo | V I P Industries Limited |
| Vaishali Shrikant Bhat DIN 11385751 | Additional Director | 27 May 2026 | 4 mo | V I P Industries Limited |
People of VIP Industries
62 people are tracked at VIP Industries (14 in leadership, 1 in board & advisors, 47 in team); the tracked headcount is 9,060.
| Name | Role | Group |
|---|---|---|
| Founder | Leadership | |
Mutum Ranajay Singh | Category Head | Leadership |
Gautam Saha | General Manager Marketing | Leadership |
Akash Shukla | Head Of Human Resources | Leadership |
Nilesh Khare | Head Of Engineering Department | Leadership |
Sushant Junnarkar | Vice President, E-commerce & Caprese | Leadership |
Sunil Kolhe | Senior Vice President | Leadership |
Sumeet Shahane | Senior Manager HR Business Partner | Leadership |
Vineet Agarwal | Head IT Infrastructure | Leadership |
Kiran K. | Procurement Head Bangladesh | Leadership |
Milind Tokare | Business Development Head Retail | Leadership |
Smita Singla | Brand Head - Skybags | Leadership |
Arindam Roy | Head Of Marketing Communication | Leadership |
Nitin Vijay Adarkar | Head Projects - CSD | Leadership |
| Chairman | Board & advisors | |
Manisha Yadav | Designer | Team |
Dhananjay Kumar | Design Manager | Team |
Pankaj Sahu | Business Development Manager (institutional Sales UP East) | Team |
Alen Job | Business Development Manager | Team |
Ananya Dubey | Lead - D2c Operations | Team |
42 more people are available in the full profile.
Complete people profiles for VIP Industries
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IPO & Listings of VIP Industries
VIP Industries is a publicly listed company on the NSE with ticker symbol VIPIND in India, operating in the Consumer durables sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.
- IPO date02 Mar 2005
- Listed onNSE: VIPIND
- Listed entityV.I.P.INDUSTRIES LTD.
- Exchange sectorConsumer durables
- ISININE054A01027
- Share price₹276.15 (+1.83% on the day) · 2026-10-14
- Market capitalisation₹3,856 Cr
- EPS (diluted, trailing year)₹-26.64
- Volume (last session)53,654
Financials of VIP Industries
Figures of V I P Industries Limited, the primary company behind VIP Industries, for FY 2025. Revenue was ₹2,189 Cr (-3% year on year). Net loss was -₹68.79 Cr (-3% margin). EBITDA was ₹101 Cr (5% margin). Revenue has grown at a compounded annual rate of +18% over three years and +5% over five years.
- ₹2,189 CrRevenue · FY 2025 · -3% YoY
- -₹68.79 CrNet loss · -3% margin
- ₹101 CrEBITDA · 5% margin
- ₹28.41 CrPaid-up capital
- 1,338Employees (provident fund records)
- +18%Revenue CAGR, 3 years
- +5%Revenue CAGR, 5 years
| Year | Revenue | Net income | EBITDA |
|---|---|---|---|
| 2025 | ₹1,855 Cr | -₹338 Cr | -₹234 Cr |
| 2024 | ₹2,171 Cr | -₹68.8 Cr | ₹95.8 Cr |
| 2023 | ₹2,242 Cr | ₹54.3 Cr | ₹202 Cr |
| 2022 | ₹2,082 Cr | ₹152 Cr | ₹294 Cr |
| 2021 | ₹1,289 Cr | ₹66.9 Cr | ₹151 Cr |
Balance sheet, profit and loss, cash flow and ratios of V I P Industries Limited are on its company page.
Detailed financial statements for VIP Industries
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
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Timeline of VIP Industries
3 dated milestones of VIP Industries across 57 years, from founding to its latest funding, stage changes and deals.
- Founded VIP Industries is founded.
- IPO Lists on the stock exchange (IPO).
- Funding First funding round.
Web traffic of VIP Industries
The website of VIP Industries (vipindustries.co.in) receives about 60.2K visits a month.
- Monthly visits60.2K
▼ 33.4% vs previous month
Websites whose visitors overlap most with VIP Industries. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| dnhindia.com | 100% | 7.3K | #2,470,214 | View details | |
bwmarketingworld.com | bwmarketingworld.com | 62% | – | #855,233 | – |
pitchonnet.com | pitchonnet.com | 60% | – | #1,769,938 | – |
| vipbags.com | 42% | 109.4K | #294,808 | View details | |
| franchiseindia.com | 40% | 221.3K | #157,633 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for VIP Industries
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Top companies in Retail Stores & Chains
10 companies that operate in the same segment as VIP Industries (Retail Stores & Chains), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Online platform offering a wide range of baby, kids, and maternity products | 2010 | Pune, Maharashtra, India | USD 513.39 M | USD 911.07 M | 3,752 | |
Home improvement products and services are retailed by Lowe's. | 1946 | Mooresville, North Carolina, United States | – | USD 86.29 B | 270,000 | |
Office supplies and business products are distributed online to companies. | 1986 | Framingham, Massachusetts, United States | – | – | 13,447 | |
Pet foods, products, and care services are provided by PetSmart. | 1987 | Phoenix, Arizona, United States | USD 23.3 M | – | – | |
Multi-format offline retail is operated in India. | 1997 | Mumbai, Maharashtra, India | USD 3.41 B | USD 280.87 K | 32 | |
Grocery products are retailed through a nationwide chain of stores. | 1883 | Cincinnati, Ohio, United States | – | – | – | |
Internet first brand of fashion apparel wear for men and women | 1975 | Arteixo, A Coruna, Spain | – | USD 308.1 M | 1,454 | |
Retailer offering wide array of perfumes | 1910 | Dusseldorf, North Rhine-westphalia, Germany | USD 259.43 M | – | – | |
Groceries, essentials, clothing, and electronics are retailed nationwide. | 1962 | Minneapolis, Minnesota, United States | – | USD 104.78 B | 440,000 | |
Hypermarkets and retail stores are operated globally by Carrefour. | 1959 | Massy, France | – | USD 98.74 B | 324,750 |
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Related news about Vip Industries
Complete news archive for VIP Industries
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Frequently Asked Questions about VIP Industries
VIP Industries was founded in 1968 and raised its 1st funding round 57 years after it was founded.
VIP Industries is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
VIP Industries has 9,060 employees.
The primary company behind VIP Industries, V I P Industries Limited, reported revenue of ₹2,189 Cr for FY 2025, down 3% year on year.
VIP Industries was founded in 1968 and is headquartered in Mumbai, India. Luggage and travel utilities, including trolleys, suitcases, duffel bags, backpacks, executive cases, overnight solutions, and school bags, are produced and exported under brands such as VIP, Aristocrat, Alfa, Footloose, Skybags, and Carlton. Operations span more than 8,000 retail outlets across India and a network of over 1,300 retailers in 27 countries.
VIP Industries offers Luggage and Bags.
Yes, VIP Industries is publicly traded on NSE under the ticker symbol VIPIND.
VIP Industries has 1 investor. Key investors include Multiples Alternate Asset Management.
VIP Industries operates through V I P Industries Limited.
The legal entities of VIP Industries currently have 9 directors, including Atul Jain, Shalini Dilip Piramal, Rajendra Vishwanath Agarwal and others.