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Vardhman Polytex Ltd.

Oswal Group is a prominent Textile Conglomerate of North India that emerged out of its parent-Vardhman Group in the year 2003 after a family settlement. Vardhman Polytex Limited (VPL) is the flagship company of the Group with multiple production facilities located at Bathinda, Ludhiana, Nalagarh.

With spinning remaining as the area of core competence, Oswal Group has grown manifold, adding Dyeing, Weaving and Garmenting facilities to its portfolio.

Weaving was established in 2006 with a state-of-the-art facility in Maharashtra, in Joint Venture with F.M. Hammerle of Austria, a company engaged in premium yarn dyed shirting since 1836. Subsequently, FM Hammerle was acquired and merged with this facility located at Kohlapur.

The group has recently diversified into Real Estate. The debut project, VARDHMAN PARK marks “Disruptive Innovation” by converting unutilized asset in terms of prime land into a Business opportunity offering affordable residential & commercial space at Ludhiana.

Turning stumbling blocks into stepping stones to take the ancestral legacy forward and create newer benchmarks and horizons are synonymous with the inspirational leadership style of Mr Oswal.

Factsheet

Basic Information

Nature of BusinessExporter
Additional BusinessService Provider
Company CEOAshok Goyal
Total Number of Employees1001 to 2000 People
Year of Establishment1980
Legal Status of FirmLimited Company (Ltd./Pvt.Ltd.)
Annual TurnoverRs. 500 - 1000 Crore

Statutory Profile

Import Export Code (IEC)30950*****
Tan No.JLDV0*****
GST No.03AAACV5821H1ZM
CIN No.L17122PB1980PLC004242

About Us

Oswal Group is a prominent Textile Conglomerate of North India that emerged out of its parent-Vardhman Group in the year 2003 after a family settlement. Vardhman Polytex Limited (VPL) is the flagship company of the Group with multiple production facilities located at Bathinda, Ludhiana, Nalagarh.

With spinning remaining as the area of core competence, Oswal Group has grown manifold, adding Dyeing, Weaving and Garmenting facilities to its portfolio.

Weaving was established in 2006 with a state-of-the-art facility in Maharashtra, in Joint Venture with F.M. Hammerle of Austria, a company engaged in premium yarn dyed shirting since 1836. Subsequently, FM Hammerle was acquired and merged with this facility located at Kohlapur.

The group has recently diversified into Real Estate. The debut project, VARDHMAN PARK marks “Disruptive Innovation” by converting unutilized asset in terms of prime land into a Business opportunity offering affordable residential & commercial space at Ludhiana.

Turning stumbling blocks into stepping stones to take the ancestral legacy forward and create newer benchmarks and horizons are synonymous with the inspirational leadership style of Mr Oswal.

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Our Vision

To achieve excellence in all our endeavors while delivering superior value to stakeholders & delighting them

Our Mission

Invest all resources and energies in delivering high quality Products and services through Innovation, capability, Enhancement & people Initiatives, based on the foundation of our core values

Our Values

  • Passion for Excellence
  • Continuous Learning and Innovation
  • Resilience
  • Valuing Relationship
  • Trust
  • Customer Delight

    Chairman''s Message

    As the Chairman of Oswal Group, all my thoughts and actions have been to enhance the life of my organization by serving the textile industry with complete dedication.

    The Group is continuously focusing on the value added yarns & fabric along with development of new exports markets. Cost competitiveness vis a vis offering quality has always our unique selling proposition (USP). We are committed to adapt to new and innovative technologies and work practices to keep pace with the changing times. This shall enable us to offer best products to our worthy customers at competitive price.

    Our endeavour has been always to ensure all round development of our people who play key role in our growth. In the present scenario of competition, we are striving hard to optimize all costs and improve sales realization so as to provide the maximum value to our stakeholders and business associates.

    Our Management

    • Mr. Ashok Oswal
    • Mr. Adish Oswal
    • Mr. Ashok Goyal
    • Mr. Gurgeet Arneja
    • Mr. Parvinder Singh

    Corporate Social Responsibilities

    Oswal Group is driven by the mission of People, Profit and Planet. The Group has taken adequate measures of safety in its plants and offices. It has been awarded with the various safety awards. Further, the Group has succeeded in achieving complete employee welfare with providing the residential facilities to workers in the plant itself, Group Personal Accidental policy, training to the workers about the safety measures, congenial work environment with no labour unrest.

    We have also take care of the social environment with the installation of effluent treatment plant for disposal of waste in the Dyeing treatment.

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