Vardhman Polytex Ltd - Company Profile

Q: Who are the current directors of Vardhman Polytex Ltd?

The current directors of Vardhman Polytex Ltd are Radhamohan, Suresh Kumar Banka, Manju Oswal, Rohit Jain, Sanchi Taneja, Ajay Kumar Ratra, Adish Oswal, Shubham Jain.

It is a manufacturing public limited company based in Ludhiana, Punjab, India, established in 1980.

1980 Ludhiana, Punjab, India Active

Last Updated: January 09, 2026

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About Vardhman Polytex Ltd

Vardhman Polytex Ltd, a active public limited company, was established on 20 August 1980 in Ludhiana, Punjab, India. Engaging in textile & fabric production within the manufacturing sector, it holds CIN: L17122PB1980PLC004242. Registered under ROC Roc Chandigarh. it is listed on BSE: 514175 and NSE: VARDMNPOLY. It has an authorized capital of ₹70.00 Cr and a paid-up capital of ₹45.89 Cr.

Formerly known as Punjab Mohta Polytex Ltd. It upholds a compliant status. Employing 1,847 professional, Its leadership includes Suresh Kumar Banka (Director), Manju Oswal (Director), Rohit Jain (Director). Past directors included Kuldeep Singla, Aarti Sharma, Rohit Sood. It holds ₹724.80 Cr open charges and ₹1,379.42 Cr settled loans. Its latest AGM occurred on 28 August 2025, with the balance sheet filed on 31 March 2025. It is based at Vardhman Park Chandigarh Road, Ludhiana-141123, Ludhiana, Punjab, 141123.

Company Details

CIN/LLPIN
L17122PB1980PLC004242
Registration Number
004242
Incorporation Date
20 August 1980
Authorized Capital
₹70.00 Cr
Paid-Up Capital
₹45.89 Cr
ROC Code
Roc Chandigarh
Listing Status
Listed (BSE: 514175, NSE: VARDMNPOLY)
Company Status
Active

Key Metrics

Authorised Capital ₹ 70.00 Cr as on 09-01-2026
Paid Up Capital ₹ 45.89 Cr as on 09-01-2026
Company Age 45 Year, 5 Months
Last Filing with ROC 31 Mar 2025
Open Charges ₹ 724.80 Cr as on 09-01-2026
Satisfied Charges ₹ 1,379.42 Cr as on 09-01-2026
Revenue Growth **** -33.27% (FY 2023)
Profit Growth **** 109.59% (FY 2023)
Ebitda **** -161.28% (FY 2023)
Net Worth 0.34% (FY 2023)
Total Assets -10.64% (FY 2023)

Comprehensive Company Insights

Explore comprehensive insights into Vardhman Polytex Ltd — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Vardhman Polytex Ltd?

Current Directors

Name	Designation	Appointment Date	Status
Suresh Kumar Banka	Director	01 Sep 2020	Current
Manju Oswal	Director	12 Aug 2017	Current
Rohit Jain	Director	28 Mar 2024	Current
Sanchi Taneja	Director	18 Jul 2023	Current
Adish Oswal	Managing Director	01 Aug 2009	Current
Shubham Jain	Additional Director	03 Dec 2025	Current

Past Directors

Name	Designation	Cessation	Status
Pramod Abcsdd	Cfo(Kmp)	01 Apr 2019	Past
Pramod Abcsdd	Director	01 Oct 2020	Past
Pramod Abcsdd	Person Incharge	30 May 2016	Past
Pramod Abcsdd	Whole-Time Director	31 Mar 2018	Past
Pramod Abcsdd	Director	23 Apr 2018	Past
Pramod Abcsdd	Director	19 Apr 2018	Past

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Financial Performance of Vardhman Polytex.

Vardhman Polytex Ltd, for the financial year ended 2023, experienced significant reduction in revenue, with a 33.27% decrease. The company also saw a substantial improvement in profitability, with a 109.59% increase in profit. The company's net worth moved up by a moderate rise of 0.34%.

Date	Amount	Transaction Name	Valuation	Lead Investors	Investors
Jul, 2021	Amount	Post-IPO - Grab	Valuation	investors	Emtek
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners
Jan, 2021	Amount	Post-IPO - Grab	Valuation	investors	Hana Financial Group , GGV Capital
Feb, 2021	Amount	Post-IPO - Grab	Valuation	investors	Signite Partners

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Key Matrics
Balance Sheet
Profit and Loss
Cash Flow
Ratios

Metrics

(FY 2023)

YOY Growth

(FY 2022)

(FY 2021)

(FY 2020)

(FY 2019)

Total Revenue

********

-33.27%

*******

Revenue from Operations

*******

-33.72%

*******

Total Assets

*******

-10.64%

*******

Profit or Loss

*******

109.59%

*******

Net Worth

*******

0.34%

*******

EBITDA

*******

-161.28%

*******

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What is the Ownership and Shareholding Structure of Vardhman Polytex?

In 2023, Vardhman Polytex had a promoter holding of 60.16% and a public holding of 39.84%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)

Promoters: 92.83%
Public: 4.10%
Others: 3.07%

Shareholding Pattern over the Year

	FY (2024)	FY (2023)	FY (2022)	FY (2021)	FY (2020)
Promoters	92.83	94.62	94.55	94.55	94.55
Public	4.10	3.89	3.95	3.96	3.98
Others	3.07	1.49	1.50	1.49	1.47

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Charges (Loans)

Open Charges

₹7,247,993,750.00

Satisfied Charges

₹13,794,155,000.00

Charges Breakdown by Lending Institutions

Others : 604.40 Cr
State Bank Of India : 95.96 Cr
Yes Bank Limited : 15.00 Cr
Centurion Bank Of Punjab Ltd : 8.83 Cr
Canara Bank : 0.31 Cr
Others : 0.30 Cr

Latest Charge Details

Date	Lender	Amount	Status
25 Oct 2016	Canara Bank	₹1.14 M	Open
19 Feb 2016	Canara Bank	₹1.98 M	Open
16 Feb 2015	Others	₹25.00 Cr	Open
27 Feb 2013	Others	₹72.38 Cr	Open
20 Jul 2011	Others	₹42.03 Cr	Open

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How Many Employees Work at Vardhman Polytex?

Vardhman Polytex has a workforce of 1847 employees as of Apr 05, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date	Number of Employees
2020	78,000
2021	80,500
2022	83,200
2023	86,000
2024	89,500
2025	92,000

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Deals i

Gain comprehensive insights into the Deals and Valuation data of Vardhman Polytex, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Vardhman Polytex's trajectory.

Rating

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Vardhman Polytex

Recent Activity within the Organization

Director Appointment

Progress on Shubham Jain was appointed as a Additional Director was appointed as a Additional Director on 03 Dec 2025 & has been associated with this company since 2 months 6 days . was documented.
03 Dec 2025
Annual General Meeting

The activity Vardhman Polytex Ltd last Annual general meeting of members was held on 28 Aug 2025 as per latest MCA records. was completed.
28 Aug 2025
Balance Sheet

Vardhman Polytex Ltd has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh. was recorded as a recent event.
31 Mar 2025
Charges

Progress on A charge with Others of Rs. 447.84 Cr registered on 24 Dec 1993 with Charge ID 80015808 was modified on 27 Mar 2025. was documented.
27 Mar 2025
Director Appointment

Progress on Rohit Jain was appointed as a Director was appointed as a Director on 28 Mar 2024 & has been associated with this company since 1 year 10 months . was documented.
28 Mar 2024
Director Appointment

Progress on Sanchi Taneja was appointed as a Director was appointed as a Director on 18 Jul 2023 & has been associated with this company since 2 years 6 months . was documented.
18 Jul 2023

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