India's Richest People 2026 edition · Source: Hurun India
Rank#428- Wealth
- ₹8,700 Cr
- Company
- Vardhman Textiles
2019 #351 2018 #252 2017 #196
Current companies 9 active board seats
Past companies 16 historical roles
Total affiliations 25 Since Apr 1971
Shareholding value •••• Premium profile
About Shri Paul Oswal
Data last updated:
Shri Paul Oswal is a Managing Director at Vardhman Textiles Limited (since 1973), Director at Vardhman Acrylics Limited (since 1990) and Director at Devakar Investment And Trading Company Pvt Ltd (since 1993), and holds 6 more current directorships. The companies operate in Manufacturing, Financial Services and Education. The 8 current companies with reported revenue have a combined latest revenue of ₹10,532 Cr; the largest is Vardhman Textiles Limited at ₹10,093 Cr (FY 2026). Earlier, Shri Paul Oswal was a Director at Confederation Of Indian Textile Industry (2004–2008) and Director at Uti Trustee Company Private Limited (2006–2013) and 14 more.
SP Oswal is #428 among India's richest people (2026), with wealth of ₹8,700 Cr.
DIN 00121737
Primary Designation Managing Director
Industry Manufacturing
First Appointment 12 Apr 1971
Oldest Company Age 63 yrs
Largest company Vardhman Textiles Limited · ₹10,093 Cr (FY 2026)
Combined revenue ₹10,532 Cr across 8 companies
Recognitions & Rankings
India's Top Philanthropists 2022 edition · Source: Hurun India
Rank#52- Donation
- ₹15 Cr
- Main cause
- Education
2021 #90 2020 #51
Current companies
| Company | Designation | Appointment | Founded | Revenue | Status |
|---|---|---|---|---|---|
 Vardhman Textiles Limited L17111PB1973PLC003345 | Managing Director | 08 Oct 1973 | 1973 | ₹10,093 Cr (FY 2026) | Active |
 Vardhman Acrylics Limited L51491PB1990PLC019212 | Director | 24 Dec 1990 | 1990 | ₹297 Cr (FY 2025) | Active |
 Devakar Investment And Trading Company Pvt Ltd U67120PB1980PTC022317 | Director | 20 Apr 1993 | 1980 | ₹105 Cr (FY 2025) | Active |
| Vardhman Holdings Limited L17111PB1962PLC002463 | Managing Director | 12 Apr 1971 | 1962 | ₹33.41 Cr (FY 2019) | Active |
| Flamingo Finance And Investment Co Ltd U65921PB1982PLC024888 | Director | 20 Apr 1993 | 1982 | ₹1.22 Cr (FY 2025) | Active |
| Santon Finance And Investment Co Ltd U65921PB1982PLC024886 | Director | 20 Apr 1993 | 1982 | ₹1.03 Cr (FY 2025) | Active |
| Ramaniya Finance And Investment Company Limited U65921PB1983PLC024887 | Director | 09 Jan 2002 | 1983 | ₹96.2 Lakh (FY 2025) | Active |
 Mahavir Spinning Mills Private Limited U45202PB1978PTC003831 | Director | 08 Jan 1998 | 1978 | ₹60.7 Lakh (FY 2025) | Active |
Previous companies
| Company | Designation | Appointment | Founded | Revenue | Status |
|---|---|---|---|---|---|
| Confederation Of Indian Textile Industry U17120DL1967NPL371340 | Director | 22 Sep 2004 | 1967 | ₹3.05 Cr (FY 2025) | Active |
 Uti Trustee Company Private Limited U65991MH2002GOI137868 | Director | 13 Jan 2006 | 2002 | ₹2.10 Cr (FY 2024) | Active |
| Vardhman Spinning And General Mills Limited U17121PB2007PLC030853 | Director | 31 Jan 2007 | 2007 | Active | |
| Vardhman Nisshinbo Garments Company Limited U18100PB2009PLC032764 | Director | 17 Apr 2009 | 2009 | ₹36.02 Cr (FY 2021) | Amalgamated |
| Khanna Watches Limited U33302CH1977PLC003719 | Director | 26 Jul 1977 | 1977 | ₹1.62 Cr (FY 2025) | Active |
| Vtl Investments Limited U17231PB1994PLC014256 | Director | 23 Feb 1994 | 1994 | ₹1.82 Cr (FY 2024) | Active |
| Nimbua Greenfield (Punjab) Association U00000PB2004NPL026873 | Director | 01 Mar 2004 | 2004 | ₹5.90 Cr (FY 2025) | Active |
| Vardhman Yarns And Threads Limited U17230PB2005PLC027936 | Director | 04 Feb 2005 | 2005 | ₹1,375 Cr (FY 2026) | Active |
| Vmt Spinning Company Limited U17117PB1990PLC014070 | Director | 30 Dec 1993 | 1990 | ₹226 Cr (FY 2021) | Amalgamated |
| Srestha Holdings Private Limited U67120PB1981PTC004492 | Director | 08 Jan 1998 | 1981 | Amalgamated | |
| Pradeep Mercantile Company Pvt Ltd U51494PB1987PTC007399 | Director | 16 Dec 1997 | 1987 | Amalgamated | |
| Plaza Trading Company Pvt Ltd U51909PB1987PTC007397 | Director | 16 Dec 1997 | 1987 | Amalgamated | |
| Anklesh Investments Pvt Ltd U67120PB1981PTC004749 | Director | 16 Dec 1997 | 1981 | Amalgamated | |
| Marshall Investment And Trading Company Pvt Ltd U67120PB1987PTC021772 | Director | 15 Dec 1997 | 1987 | ₹74 Lakh (FY 2015) | Amalgamated |
| Syracuse Investment And Trading Company Pvt Ltd U67120PB1988PTC021770 | Director | 01 Dec 1997 | 1988 | Amalgamated | |
| Adinath Investment And Trading Company (Private Company With Unlimited Liability ) U67120PB1978ULT021891 | Director | 23 Oct 1998 | 1978 | Converted To Llp |
Explore Director's current and past company associations Uncover their professional journey today!
Board colleagues of Shri Paul Oswal
Directorship timeline
Open interactive timeline →Vardhman Holdings Limited
Vardhman Textiles Limited
Vmt Spinning Company Limited
Vardhman Acrylics Limited
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Shareholding and investment profile for Shri Paul Oswal
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Frequently Asked Questions about Shri Paul Oswal
Shri Paul Oswal currently holds 9 directorships: Vardhman Textiles Limited (Managing Director, since 08 Oct 1973, revenue ₹10,093 Cr (FY 2026)); Vardhman Acrylics Limited (Director, since 24 Dec 1990, revenue ₹297 Cr (FY 2025)); Devakar Investment And Trading Company Pvt Ltd (Director, since 20 Apr 1993, revenue ₹105 Cr (FY 2025)); Vardhman Holdings Limited (Managing Director, since 12 Apr 1971, revenue ₹33.41 Cr (FY 2019)); Flamingo Finance And Investment Co Ltd (Director, since 20 Apr 1993, revenue ₹1.22 Cr (FY 2025)); and 4 more.
Shri Paul Oswal was first appointed on 12 Apr 1971 as Managing Director at Vardhman Holdings Limited. The most recent appointment on record is 05 Jun 2014 at Adishwar Enterprises Llp.
The 8 current companies of Shri Paul Oswal that report revenue have a combined latest revenue of ₹10,532 Cr: Vardhman Textiles Limited ₹10,093 Cr (FY 2026); Vardhman Acrylics Limited ₹297 Cr (FY 2025); Devakar Investment And Trading Company Pvt Ltd ₹105 Cr (FY 2025); Vardhman Holdings Limited ₹33.41 Cr (FY 2019); Flamingo Finance And Investment Co Ltd ₹1.22 Cr (FY 2025); and 3 more.
Shri Paul Oswal held 16 earlier board appointments: Confederation Of Indian Textile Industry (Director, 22 Sep 2004 to 25 Sep 2008); Uti Trustee Company Private Limited (Director, 13 Jan 2006 to 28 Oct 2013); Vardhman Spinning And General Mills Limited (Director, 31 Jan 2007 to 20 Jan 2015); Vardhman Nisshinbo Garments Company Limited (Director, 17 Apr 2009 to 20 Aug 2009); Khanna Watches Limited (Director, 26 Jul 1977 to 16 Mar 2009); and 11 more.
The current boards of Shri Paul Oswal's companies include Arvind Sahay (Vardhman Textiles Limited), Atul Khosla (Vardhman Textiles Limited), Harpreet Kang (Vardhman Textiles Limited), Neeraj Jain (Vardhman Textiles Limited), Prem Kumar (Vardhman Textiles Limited), Rajeev Thapar (Vardhman Textiles Limited), among others.