About Vardhman Yarns and Threads Limited
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Vardhman Yarns and Threads Limited is a public limited company based in Ludhiana, Punjab, India, a subsidiary of American & Efird Global, Llc. It operates in the textile and fabric production segment of the manufacturing sector. It was incorporated on 04 February 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U17230PB2005PLC027936. Its GSTIN is 03AACCV2554K1ZD (Punjab). The company holds 27 GST registrations, of which 20 are active.
The company has an authorised share capital of ₹60 Cr and a paid-up capital of ₹57.01 Cr. It was formerly known as Vardhman Yarns & Threads Limited. It is led by directors including Sanjeev Narula (Managing Director) and Robert Lardner Hallett.
Its last annual general meeting (AGM) was held on 27 May 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Vardhman Premises Chandigarh Road Ludhiana., Punjab, India – 141010.
As per the financials filed for FY 2026, the company reported a revenue of ₹1,375.07 Cr, a growth of 4% compared to the previous year. For the same year it recorded a net profit of ₹232.37 Cr (net margin 16.9%) and EBITDA of ₹343.97 Cr (EBITDA margin 25%). Revenue has grown at a compounded annual rate (CAGR) of 5% over three years and 14% over five years.
The company has about 4,365 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary and 1 joint venture.
The company is associated with 2 brands: Vardhman Yarns & Threads and Vardhman. As per MCA filings, the company has open charges of ₹335 Cr and satisfied charges of ₹268.4 Cr on record. Court records list 104 cases involving the company, including 83 filed by the company and 21 filed against it; 25 cases are pending. The company has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹258.19 Cr; the latest was in March 2017. Its 10 peer companies in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products) are compared by revenue, 5 larger and 5 smaller; the largest is Mothi Spinner Private Limited with revenue of ₹1,388.42 Cr. The company has 2 MSME Form 1 returns on record for the period ending Sep 2020, listing 40 overdue payments to 11 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vardhman.com.
Company details
CIN history
Vardhman Yarns and Threads has one previous CIN (Corporate Identification Number): L17230PB2005PLC027936. The current CIN is U17230PB2005PLC027936, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U17230PB2005PLC027936 | Current |
| L17230PB2005PLC027936 | Previous |
Contact details
Vardhman Yarns and Threads Limited's registered office is in Ludhiana., Punjab. Its website is vardhman.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressVardhman Premises Chandigarh Road Ludhiana., Punjab, India – 141010
- IndustryManufacturing, Textile & Fabric Production
To see the full contact details of Vardhman Yarns and Threads Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Vardhman Yarns and Threads operates two associated brands: Vardhman Yarns & Threads and Vardhman. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Manufacturing and distribution of yarns and thread materials are conducted. | vardhmanthreads.com | |
| Textile products including yarns, fabrics, and threads are manufactured. | vardhman.com |
Business activity
The main business activity of Vardhman Yarns and Threads is manufacturing. In detail, this covers textile, leather and other apparel products.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| C | Manufacturing | C2 | Textile, leather and other apparel products |
To see the full business activity and turnover split of Vardhman Yarns and Threads Limited, buy the company report.
Financials of Vardhman Yarns and Threads Limited
FY 2026 filings availableVardhman Yarns and Threads Limited reported revenue of ₹1,375.07 Cr (up 4% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 4% growth in the latest year. EBITDA rose 3% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Total Expenses | |||||
| EBITDA | ₹343.97 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹232.37 Cr | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25% | ||||
| Net Profit Margin | 16.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of Vardhman Yarns and Threads Limited, buy the company report.
Board of directors of Vardhman Yarns and Threads Limited
Vardhman Yarns and Threads has 8 current directors and 18 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Robert Lardner Hallett Also directs: Guetermann India Private Limited | Director | 01 Sep 2016 | 10 Years 2 Months | Current |
| Kristen Higbee Hughes Also directs: Guetermann India Private Limited | Director | 01 Sep 2016 | 10 Years 2 Months | Current |
| John Eapen | Director | 20 Jan 2022 | 4 Years 9 Months | Current |
| Christopher Randall Alt Also directs: Guetermann India Private Limited | Director | 07 Mar 2019 | 7 Years 7 Months | Current |
| Sanjeev Narula | Managing Director | 08 Mar 2021 | 5 Years 7 Months | Current |
| Sandeep Kapur | Director | 09 Jul 2021 | 5 Years 3 Months | Current |
Peer comparison
Vardhman Yarns and Threads Limited is compared with the 10 companies closest to it by revenue in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mothi Spinner Private Limited | ₹1,388.42 Cr (FY 2025) | 14.0% | Erode, Tamil Nadu, India | |||
| Vardhman Yarns and Threads Limitedthis company | ₹1,375.07 Cr (FY 2026) | ₹232.37 Cr | 16.9% | 4.0% | 4,365 | Ludhiana, Punjab, India |
| Aarti International Limited | ₹1,365.24 Cr (FY 2025) | 6.0% | Punjab, India | |||
| Aym Syntex Limited | ₹1,365.08 Cr (FY 2024) | -7.0% | Mumbai, Maharashtra, India | |||
| Brandix Apparel India Private Limited | ₹1,359.28 Cr (FY 2025) | 19.0% | Visakhapatnam, Andhra Pradesh, India | |||
| S.T. Cottex Exports Private Limited | ₹1,326.16 Cr (FY 2025) | 7.0% | New Delhi, Delhi, India | |||
| Banswara Syntex Ltd | ₹1,308.27 Cr (FY 2025) | 2.0% | Banswara, Rajasthan, India | |||
| Kapoor Industries Limited. | ₹1,296.12 Cr (FY 2025) | 28.0% | New Delhi, Delhi, India | |||
| Hyosung India Private Limited | ₹1,286.84 Cr (FY 2025) | 21.0% | Aurangabad, Maharashtra, India | |||
| Rupa & Company Ltd | ₹1,257.09 Cr (FY 2025) | 2.0% | Kolkata, West Bengal, India | |||
| D.N.H. Spinners Private Limited | ₹1,246.3 Cr (FY 2025) | 2.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Vardhman Yarns and Threads Limited, buy the company report.
Auditor
Vardhman Yarns and Threads Limited is audited by S.R. Batliboi & Co.LLP for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Co.LLP | FY 2024 | 301003E/E300005 |
Shareholding
The shareholding of Vardhman Yarns and Threads Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vardhman Yarns and Threads Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Jan 2026 | 101235356 | Bank of India | ₹60 Cr | Open | |
| 07 Jun 2008 | 10105602 | Idbi Trusteeship Services Limited | ₹275 Cr | Open | |
| 05 Dec 2016 | 100068229 | Others | ₹50 Cr | Satisfied | |
| 20 Oct 2014 | 10528549 | State Bank of India | ₹47 Cr | Satisfied | |
| 22 Mar 2012 | 10348798 | State Bank of India | ₹12.36 Cr | Satisfied |
To see the full charge records of Vardhman Yarns and Threads Limited, buy the company report.
Total charge records: 15 View all charges
Deals & funding
Vardhman Yarns and Threads Limited has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹258.19 Cr; the latest was in March 2017.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2017 | Secondary share transfer | Undisclosed | Buyer: American & Efird Global Llc Seller: Vardhman Textiles Limited , Adhishwar Enterprises Llp |
| Oct 2008 | Secondary share transfer | Undisclosed | Buyer: American & Efird Global Llc Seller: Vardhman Textiles Limited |
| Apr 2008 | Funding round | ₹254.19 Cr | Investors: Vardhman Textiles Limited , American & Efird Global Llc |
| Apr 2008 | Funding round | ₹4 Cr | Investors: Vardhman Textiles Limited |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Vardhman Yarns and Threads Limited has 104 court cases on record: 83 filed by Vardhman Yarns and Threads, 21 filed against it. 25 cases are pending and 79 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 67 | 7 | 14 |
| High courts | 35 | 13 | 11 |
| Supreme Court | 1 | 1 | 0 |
| NCLT | 1 | 0 | 0 |
Cases on record (5 of 104)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Revision petition | Filed by the company against Orient Craft Limited and Anr. and 1 other | Disposed |
| NCLT, Chandigarh | Insolvency matter | Filed by the company against Orient Craft Limited | Disposed |
| District court, Hoshiarpur, Punjab | Cheque dishonour complaint | Filed by the company against Arihant Elastoplast Pvt Ltd and Etc | Disposed |
| District court, Ludhiana, Punjab | Execution petition | Filed by the company against M/S Adish Fabrics Pvt. Ltd. | Disposed |
| District court, West, Delhi | Commercial suit | Filed against the company by an individual | Pending |
To see the full case history of Vardhman Yarns and Threads Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Credit ratings & regulatory alerts
Vardhman Yarns and Threads Limited was last rated by Crisil on 28 Aug 2020.
| Rating agency | Rated on | Rating |
|---|---|---|
| Crisil | 28 Aug 2020 |
To see the full credit ratings and regulatory alerts of Vardhman Yarns and Threads Limited, buy the company report.
MSME payment delays
Vardhman Yarns and Threads Limited has 2 MSME Form 1 returns on record for the period ending Sep 2020, listing 40 overdue payments to 11 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 11)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| an individual supplier | |||
| Vardhman Textile Components Limited |
To see the full MSME payment records of Vardhman Yarns and Threads Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Group structure & subsidiaries
Vardhman Yarns and Threads has 1 subsidiary company and 1 joint venture. This group structure data is as of FY 2024. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares held |
|---|---|---|
| Guetermann India Private Limited | U51909DL2005PTC132991 |
To see the full group structure of Vardhman Yarns and Threads Limited, buy the company report.
Employees & EPFO
Vardhman Yarns and Threads Limited has a workforce of 4,365 employees on its EPFO records as of Apr 10, 2024, across 4 active EPFO establishments.
GST
Vardhman Yarns and Threads has 27 GST registrations: 20 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCV2554K1ZD | Punjab | Active | 01 Jul 2017 |
| 03AACCV2554K2ZC | Punjab | Active | 24 Mar 2025 |
| 02AACCV2554K1ZF | Himachal Pradesh | Active | 01 Jul 2017 |
| 06AACCV2554K2Z6 | Haryana | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vardhman Yarns and Threads Limited, buy the company report.
Recent activity
Vardhman Yarns and Threads Limited has 40 board changes on record since 2005: 24 appointments and 16 cessations. The latest: Matthew Ray Wagoner Rogers was appointed as Director on 04 Apr 2025.
72 earlier events are in the company report.
News
Frequently asked questions
Vardhman Yarns and Threads is an active public limited company based in Ludhiana, Punjab, India. The company works in textile and fabric production, within the manufacturing industry. It was incorporated on 04 February 2005 (21+ years old) and is registered under CIN U17230PB2005PLC027936.
Vardhman Yarns and Threads has 8 current directors:
- Sanjeev Narula - Managing Director
- Robert Lardner Hallett - Director
- Kristen Higbee Hughes - Director
- John Eapen - Director
- Christopher Randall Alt - Director
- Sandeep Kapur - Director
- Matthew Ray Wagoner Rogers - Director
- Rajeev Thapar - Director
The latest financial statements of Vardhman Yarns and Threads on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 27 May 2026. Year-wise statements from 2015 are in the company report.
The GSTIN of Vardhman Yarns and Threads is 03AACCV2554K1ZD, registered in Punjab. The company has 27 GST registrations in all, of which 20 are active and 7 are cancelled or inactive. Other active GSTINs include 03AACCV2554K2ZC (Punjab), 02AACCV2554K1ZF (Himachal Pradesh), 06AACCV2554K2Z6 (Haryana).
The CIN (Corporate Identification Number) of Vardhman Yarns and Threads is U17230PB2005PLC027936. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vardhman Yarns and Threads has 104 court cases on record: 83 filed by the company and 21 filed against it. 25 are pending. Most are in the district courts.
Vardhman Yarns and Threads was incorporated on 04 February 2005, making it 21+ years old. It is registered with the Registrar of Companies, Chandigarh.
Vardhman Yarns and Threads has 4 deals on record (2 funding rounds, 2 secondary share transfers), with disclosed funding of ₹258.19 Cr; the latest was in March 2017.
The peers of Vardhman Yarns and Threads by revenue are Mothi Spinner Private Limited, Aarti International Limited, Aym Syntex Limited, Brandix Apparel India Private Limited, S.T. Cottex Exports Private Limited and 5 more, all in the Manufacturing industry (Textiles), with the same principal business activity (textile, leather and other apparel products).
Matthew Ray Wagoner Rogers was appointed as Director on 04 Apr 2025. Edward Elliott Barker Jr ceased to be Director on 20 Dec 2024. Rajeev Thapar was appointed as Director on 13 Aug 2024. Vardhman Yarns and Threads has 40 board changes on record in total.
Vardhman Yarns and Threads has 2 MSME Form 1 returns on record for the period ending Sep 2020, listing 40 overdue payments to 11 micro and small suppliers. The latest return was filed on 27 Oct 2020.
Vardhman Yarns and Threads can be reached through the website vardhman.com. Its registered office is in Ludhiana, Punjab, India.
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