VARDHMAN MANTRA
                     WELCOME TO 
VARDHMAN MANTRA 
MORE INFORMATION ABOUT SHREE VARDHMAN MANTRA CONTACT US!
WEBSITE: https://www.vardhmanmantra.com/
EMAIL: [email protected]
CONTACT NUMBER: +919999766539
● VTL is the largest listed, integrated textile manufacturing company in the Country
 VTL has a strong position in the Indian textile sector in the manufacturing of fiber, yarn, sewing thread and  
fabrics
 Now also into garment manufacturing through a collaboration with Nisshinbo, Japan with production started in  
Mar 2011
 VTL and its subsidiaries have 25 manufacturing facilities across India and employ ~26,000+ people
● VTL is a market leader in its various product offerings
 VTL and its subsidiaries is the largest listed yarn manufacturer in India with a capacity of more than 1.00 million 
 spindles including 7,188 rotors.
 The leading manufacturer & exporter of cotton yarn in India and leading manufacturer of piece dyed fabric.
 The 2nd largest producer of sewing threads and the market leader in hand knitting yarn in India
● Global alliances
 VTL has forged global alliances with leading textile companies such as American & Efird (A&E) Inc USA,  
Marubeni, Japan and Nisshinbo, Japan
● Key Financials (Consolidated)
 Consolidated revenues from operations for 9 months ended on 31st December, 2015 at Rs. 50,206Mn (USD 772
 Mn); EBITDA – Rs. 10,194 Mn (USD 157 Mn); PAT – Rs. 4,579 Mn (USD 70 Mn)
All currency conversions in the presentation has been done at 1 US$ =  INR 65
2
Indian Textiles Sector
USD billion – current size of Indian Textile Sector
108
largest employment generator, providing direct employment to
2nd ~45 million and ~60 million people indirectly
million Spindles capacity across ~1,300 mills
49
Contribution to India’s total foreign exchange  
27 %
Indian Textiles earnings with US$ 41.57 billion in 2013-14
 Sector
Contribution to India’s total  
14%
industrial production
Contribution to India’s gross  
5%
domestic product
3
Competitive Global Landscape – India v/s China
Global capacity ~250 million spindles Global cotton production ~26 m tonnes Global yarn production ~39 m tonnes
Vardhman has a capacity of 1.0  
million+ spindles
Huge catch-up opportunities for Indian textile sector, when compared to China in global scenario
Source: WTO, International Textiles Outlook, Fiber Organ and Internal Studies.` 4
Journey so far …
1. Weaving unit @ Baddi 1. Stake of Barbour  
MSML set up Slump sale of Threads 
 72 looms Campbell Group Limited, 
a new   Business of VTXL
Incorporated Mohta  2. EOU (cotton yarn),  Ireland bought.  spinning unit 
 with 6000   25,000 spindles Company renamed as  
 with an  Industries  
spindles for  Lmited is  3. Dyed & Gas Mercerized  Vardhman Threads  installed  Vardhman Fabrics set  
manufacture unit at Hoshiarpur,  Limited
capacity of  merged with  up in Budhni, M.P. a  
 of cotton  MSML, & is  Punjab in technical  2. Fabric Process House set 25,000 consolidated textile  
yarn in  collaboration with Nihan   up in Baddi
Spindles in  renamed  plant, with installed  
Ludhiana,  Vardhman  Sammo Dyeing Company 3. Commencement of  Hoshiarpur, capacity of 60k  
Punjab Special Steels  Limited, Japan for Fibre  commercial production  Punjab. spindles, 400 looms & 
& Yarn Dyeing  of Acrylic Fibre  50 mln mtrs of  
processed fabric
Mahavir Spinning MSML set up a new  Foreign collaborations & JVs Vardhman  
spinning unit with  Entering a   Mills     1. Kyungbang Limited, South 
Acquisition of  Merger of 
Special Steels  
new state   Korea. Arisht Spinning   MSML &Limited(MSML)  an installed capacity demerged from 
incorporated in   of 25k spndls at  
with 25,000 2. Kamasaki Heavy Industries Mills, Baddi, by  Vardhman   VTXL into a  
 spindles  Limited & Marubeni  MSML from  Spinning &  October.  Malerkotla, Punjab listed company  
set  up in Corporation, Japan. Vardhman  General Mills (presently known Vardhman  
Baddi,  HP. Polytex Limited,  Limited.
 as Vardhman  Diversification in  3. Marubeni Corporation & Special Steels  
The  same   an erstwhile  MSML renamed 
Textiles Ltd  sewing threads   Toho Rayon Company  Ltd (VSSL).
business @  became  
Group Company  as VTXL
(VTXL)). The Limited, Japan.
Hoshiarpur, Punjab operational flagship company 
 in 1991
 of the Group.
5
VTL – Group Structure
Vardhman Textiles 
 Limited (VTL)
1973
Yarn, Fabric
Revenue: Rs. 58,871.5 mn #
(US$905.7 Mn)
Listed on BSE, NSE
Vardhman Yarns & Vardhman Acrylics VMT Spinning Co. 
VSS Ltd VNG Co. Ltd.
 Threads Ltd  Limited (VAL)  Limited (VMT)
(VYTL) 74.28% 89% 31% 51%
VTL Stake 51%
RMG / Industrial / Speciality Acrylic Staple Fibre 100% Cotton Yarn Special Steels GarmentsBusiness  Threads
41 tpd threads  
Capacity 20,000 tpa 46,320 spindles Rolling 150,000 mtpa
1.80 mln pieces
71k spindles (captive)
Rs. 7,106 mn Rs. 5,142 mn  Rs. 1,704 mn Rs. 6,690 mn Rs. 472 mnRevenue #
(US$ 109.3 (US$ 79.1 Mn) * (US$ 26.2 Mn) (US$ 102.9 Mn) (US$ 7.3 Mn)
Mn)
Collaborations A&E, USA - Marubeni, Japan - Nisshinbo, Japan
Market Status Unlisted Listed on NSE & LSE Unlisted Listed on BSE & NSE Unlisted
* Including Trading Turnover Rs. 1,530.7 million  All currency conversions in the presentation has been done at 1 US$ = INR 65
# Standalone revenues as on 31st March 2015
Group also has two investment companies VTL Investment Ltd and Vardhman Holdings Ltd. other than the above companies, out  
of which Vardhman Holdings Limited is a listed company. 6
Vardhman Textiles Ltd. – Core Competencies
● Cotton Procurement Policy
● Employee Engagement & Culture of innovation
● Economies of scale and Operational Efficiencies
● Customer Oriented approach
● Focus on diversified and Value added products
● Technology up gradation and continuous process improvement
● Integrated Business
● Financial Strength
● Strong Credit Rating
7
Manufacturing Facilities & Capacities
Yar • 1 Million+ Spindles
n
Fabric • 1320 Looms
Ludhiana, Pb.  Baddi, H.P.
Hoshiarpur,  
Malerkotla, Processing • 110 MMPA
Acrylic • 20,000 TPA
 
Fiber
Dyeing • 71 TPD
Sewing 
Jhagadia, GJ • 41 TPD 
Threads
Budhni, M.P. 
Visakhapatnam, A.P. • 120,000 TPA (Rolling and 
 Satlapur,  Steel
Mandideep,  Billets)
Garments • 1.80 Million Pieces PA
Perundrai, T.N. Power • 50 MW
 
Plant
Offices Manufacturing Facilities 8
Textiles Value Additions Through Supply Chain
• Yarn: 30 combed yarn
• Fabric: Twirl bottom weight fabric Exchange Rate: Rs 65/$
9
Yarn Business – Key business driver
● The largest spinning capacities in the country with
1.00 MN+ spindles
● 12 production plants located in the states of  
Punjab, Himachal Pradesh and Madhya Pradesh
● Technical tie-ups with the well recognized global  
corporate’s from Japan and Korea.
● De-risked business through value added and  
specialized products
● A third of the total yarn production is exported, a  
third is sold domestically and remaining third is  
used to feed the captive looms.
● Focus on automation and to further diversify  
customer base.
10
Hand-knit Yarn Business
● Market leader in hand-knit yarn category
● 40% share of the organised sector and 30% of the total market.
● Pan India total outlets approx. 4,000. with Vardhman present at around 1,800 retail outlets in 650  
cities/towns.
● Patronage of ~6.0 million consumers across country
● Technology upgradation ,new product development and innovative marketing strategies – keys to 
success
● 45 sub brands in various packaging categories under vardhman knitting yarn umbrella brand.
● Effective use of electronic and print media for mass communication.
● Staying in-vogue – new designs introduced every year depicting latest fashion trends
● Consumer/dealer friendly approach
11
Changing spreads in cotton yarns
Spread over Cot-A Index 
 ($/kg)
Spread over Indian 
 Cotton (INR/kg)
12
Fabrics Business
● Weaving and Processing capacities have expanded in tandemContinuing its onward march up the value chain, the  
group entered Fabric business in 1992 with Greige  1500 120Weaving Looms (Nos) Processing Mmpa (RHS)
Fabric and Processed Fabric in 1999. 1250 100
1000 80
● Current capacity is 1,320 looms & 110 million meters  750 60
of processed fabric per annum 500 40
● 250 20One of the few fully integrated fabric suppliers in the  
0 0
country and largest producer of stretched fabric. FY00 FY02 FY06 FY07 FY08 FY09 FY10 FY11 FY12 FY13 FY14  FY15
● Producing wide variety of fabrics for Tops & Bottoms  Segment sales are dominated by buying houses & distributors
for Men, Women and Children.
● Doing specialized finishes like Liquid Ammonia, Teflon
/ Nanocare (oil & water repellent), ETI etc.
● Customers include large international and domestic  
brands like GAP, H&M, Uniqlo, S’Oliver, Benetton,  Van 
Heusen, Peter England, Wills, Etc.
13
Sewing Thread Business
● The Group entered the Thread business in 1982 as a  Segmental Sales – Industry & Channel sales > ~ 90%
forward integration to its Yarn business
● Current capacity is 41 tpd across 5 plants at Punjab,  
Tamil Nadu & Himachal Pradesh
● In 2002, entered into a strategic alliance as a licensee
with American & Efird, Inc. USA (A&E) for  
manufacturing & distribution of A&E branded sewing  
threads in India
● Spun off the Threads business into a new company  Healthy margin in a less crowded market
(Vardhman Yarns & Threads Ltd) in 2008 and entered  (Rs. Crores) Revenue EBITDA EBITDA %
800 25%
into a 51:49 Joint Venture with A&E 19.9%700 17.3% 19.4%
18.5%
20%
600 21.1% 21.6%
● Post creation of JV, increased the production capacity  500 15%
for core spinning & filament threads with A&E’s  400
quality parameters 300 10%
200
5%
● Currently Vardhman owns the 2nd largest brand of  100
0 0%
specialized threads in the country FY11A FY12A FY13A FY14A FY15A
14
Acrylics Fibre Business
● Ventured into manufacture of Acrylic Staple Fibre  
in 1999 - Vardhman Acrylics Limited (VAL)
● The plant was set up in Gujarat, in collaboration  
with Marubeni & Japan Exlan of Japan.
● Current capacity is 20,000 mtpa Fibre business
(Rs Cr) Revenue EBITDA %
● World class wet spun technology with highly  600 15% 16%(%)
13%
automated, microprocessor controlled systems 14%500 12% 11%
12%
400
● Products are marketed under the brand name  10% 10%
300 8%
VARLAN© 6%
200
4%
● It is used in manufacturing of hand knitted yarns,  100 2%
blankets, jerseys, sweater, saris, upholster,  carpets 0 0%
FY11A FY12A FY13A FY14A FY15A
etc.
● VAL is a Debt Free Company with cash reserves of  
about Rs. 225 crores.
15
Steel Business Garments Business
● Started Steel business in 1972 as a diversification  ● Started Garments business in 2010 as a forward  
strategy, with capacity of 35,000 tpa. integration strategy in a JV with Nisshinbo Textiles  
Inc. for production of shirts in Ludhiana, Punjab  
● Current Production Capacity: 120,000 tpa with Vardhman Textiles holding 51% stake.
● Caters to high technology quality conscious  special ● Installed Production Capacity: 1.8 MN pieces per  
& alloy steel segment year. Current Capacity of ~1.4 MN pieces.
● Application of round products in automotive  ● The Shirts will be sold in India as well as exported  
components, forging, ball bearings, piston pins,  to US, Europe & Japan.
engineering applications, railways, defense etc.
● Vardhman is producing yarns & fabric and will  
● Preferred supplier to leading OEMs like Maruti-  perform liquid ammonia processing with  
Suzuki, Hero Moto Corp., Toyota, Bajaj and  technology cooperation from Nisshinbo.
Hyundai among others
● Initial Production is being sold in domestic market  
● Focus on value addition.
only.
16
Independent Directors
Name Designation Details Experience
 Holds degree in Bachelors of Commerce and B. Sc. (Economics) from London School of Economics
 Is associated with educational and research institutions like Indian Institute of Management (IIMA),  
Independent Ahmedabad Education Society (AES), Ahmedabad University, CSTEP (Centre for Science Technology  
Prafull Anubhai  Director and Policy), ATIRA etc. and is the Chairman of the Board of Management of the Ahmedabad  41
University.
 Is associated with Vardhman Textiles Limited since July 1980
 holds degree of Masters in Economics from the University of Punjab and a PhD from School 
of  International Studies, Jawaharlal Nehru University
 holds expertise in industrial policy, industrial administration and planning and corporate  
management
Dr. Ashok Kumar Independent  was also secretary to the Government of India, Ministry of Mines, Chairman Tariff Commission and 
 Kundra  Director  ex-officio secretary to the Government of India, Department of Industrial Policy and Promotion,  37
special secretary in the Ministry of Environment and Forests and principal advisor to the Planning  
Commission
 Is associated with Vardhman Textiles Limited since January 2009
17
Thank You
This presentation has been prepared by Vardhman Textiles Limited (the “Company”) solely for your information and for your use and may not be taken away, reproduced, redistributed or passed on, directly or indirectly, to any  
other person (whether within or outside your organization or firm) or published in whole or in part, for any purpose. By attending this presentation, you are agreeing to be bound by the foregoing restrictions and to maintain  
absolute confidentiality regarding the information disclosed in these materials.
The information contained in this presentation does not constitute or form any part of any offer, invitation or recommendation to purchase or subscribe for any securities in any jurisdiction, and neither the issue of the  information 
nor anything contained herein shall form the basis of, or be relied upon in connection with, any contract or commitment on the part of any person to proceed with any transaction. The information contained in  these materials has 
not been independently verified. No representation or warranty, express or implied, is made and no reliance should be placed on the accuracy, fairness or completeness of the information presented or  contained in these materials. 
Any forward-looking statements in this presentation are subject to risks and uncertainties that could cause actual results to differ materially from those that may be inferred to being expressed in,  or implied by, such statements. 
Such forward-looking statements are not indicative or guarantees of future performance. Any forward-looking statements, projections and industry data made by third parties included in this  presentation are not adopted by the 
Company and the Company is not responsible for such third party statements and projections. This presentation may not be all inclusive and may not contain all of the information that you  may consider material. The information 
presented or contained in these materials is subject to change without notice and its accuracy is not guaranteed. Neither the Company nor any of its affiliates, advisers or representatives  accepts liability whatsoever for any loss 
howsoever arising from any information presented or contained in these materials.
THANKS FOR 
WATCHING 
VARDHMAN 
MANTRA
MORE INFORMATION ABOUT SHREE VARDHMAN MANTRA 
CONTACT US!
WEBSITE: https://www.vardhmanmantra.com/
EMAIL: [email protected]
CONTACT NUMBER: +919999766539