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Seminar Report on
VARDHMAN TEXTILES LIMITED

Submitted in Partial Fulfillment for the Award of the Diploma of Post Graduate Diploma in Management (Session 2011-13)

Submitted to: Ms. Shikha Agarwal Internal Guide

Submitted By: Manish Kumar Jha Roll No; PGD11049 PGDM – I Trimester-Sec-B DEPARTMENT OF MANAGEMENT

INSTITUTE OF MANAGEMENT STUDIES, NOIDA A UGC Recognized Institute A-8B, Plot –C, Sector-62, Noida

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INSTITUTE OF MANAGEMENT STUDIES, NOIDA A UGC Recognized Institute A-8B, Plot –C, Sector-62, Noida

DECLARATION

I Manish Kumar Jha bearing Roll No PGD11049 Class PGDM 1st year of the Institute of Management Studies, Noida hereby declare that the Seminar Report-108 entitled VARDHMAN TEXTILES LIMITED is an original work and the same has not been submitted to any other Institute for the award of any other diploma. The suggestions as approved by the faculty were duly incorporated.

Signature of Student; Manish Kumar Jha Countersigned Signature of Faculty Guide

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CONTENTS CONTENTS
1.INDUSTRY DETAILS 2. VISION 3. MISSION 4.CODE OF CONDUCT 5.HISTORY 6.SBU-STRATEGIC BUSINESS UNIT 7.MANAGEMENT TEAM 8.PRODUCTS 9.JOINT VENTURES 10.CSR-CORPORATE SOCIAL RESPONSIBILITY 11.SWOT ANALYSIS 12.CONCLUSION 13.SUGGESTION 14.BIBLIOGRAPHY

PAGE NUMBER
5-10 11 11 12-15 16-17 17 18 19-36 37 38-40 40-41 42 43 44

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ACKNOWLEDGEMENT

This study of VARDHMAN TEXTILES LIMITED Could not have been possible by my efforts only. I would like to express my deep gratitude to those who have accompanied me and gave me the guidelines in various ways to make the efforts a reality. I am grateful to my faculty members and my friends for the encouragement and enlightening given by him which has been of immense help towards the successful completion of the project. I would also like to express my special thanks to my faculty guide Ms. Shikha Agarwal for her timely advice and valuable guidance during the project study. Above all, I would like to express my deep gratitude to my family for providing me moral support and help.

I am very thankfull to all of you thank you so much..

Manish Kumar jha Roll no- PGD11049

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TEXTILE INDUSRY
The Indian textile industry has a significant presence in the economy as well as in the international textile economy. Its contribution to the Indian economy is manifested in terms of its contribution to the industrial production, employment generation and foreign exchange earnings. It contributes 20 percent of industrial production, 9 percent of excise collections, 18 percent of employment in the industrial sector, nearly 20 percent to the countrys total export earning and 4 percent to the Gross Domestic Product.

In human history, past and present can never ignore the importance of textile in a civilization decisively affecting its destinies, effectively changing its social scenario. A brief but thoroughly researched feature on Indian textile culture. India has been well known for her textile goods since very ancient times. The traditional textile industry of India was virtually decayed during the colonial regime. However, the modern textile industry took birth in India in the early nineteenth century when the first textile mill in the country was established at fort gloster near Calcutta in 1818. The cotton textile industry, however, made its real beginning in Bombay, in 1850s. The first cotton textile mill of Bombay was established in 1854 by a Parsi cotton merchant then engaged in overseas and internal trade. Indeed, the vast majority of the early mills were the handiwork of Parsi merchants engaged in yarn and cloth trade at home and Chinese and African markets. The first cotton mill in Ahmedabad, which was eventually to emerge as a rival centre to Bombay, was established in 1861. The spread of the textile industry to Ahmedabad was largely due to the Gujarati trading class.

The cotton textile industry made rapid progress in the second half of the nineteenth century and by the end of the century there were 178 cotton textile mills; but during the year 1900 the cotton textile industry was in bad state due to the great famine and a number of mills of Bombay and Ahmedabad were to be closed down for long periods. The two world War and the Swadeshi movement provided great stimulus to the Indian cotton textile industry. However, during the

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period 1922 to 1937 the industry was in doldrums and during this period a number of the Bombay mills changed hands. The second World War, during which textile import from Japan completely stopped, however, brought about an unprecedented growth of this industry. The number of mills increased from 178 with 4.05 lakh looms in 1901 to 249 mills with 13.35 lakh looms in 1921 and further to 396 mills with over 20 lakh looms in 1941. By 1945 there were 417 mills employing 5.10 lakh workers.

The cotton textile industry is rightly described as a Swadeshi industry because it was developed with indigenous entrepreneurship and capital and in the pre-independence era the Swadeshi movement stimulated demand for Indian textile in the country.

The partition of the country at the time of independence affected the cotton textile industry also. The Indian union got 409 out of the 423 textiles mills of the undivided India. 14 mills and 22 per cent of the land under cotton cultivation went to Pakistan. Some mills were closed down for some time. For a number of years since independence, Indian mills had to import cotton from Pakistan and other countries.

After independence, the cotton textile industry made rapid strides under the Plans. Between 1951 and 1982 the total number of spindles doubled from 11 million to 22 million. It increased further to well over 26 million by 1989-90.

CURRENT POSITION OF TEXTILE INDUSTRY IN INDIA

Textile constitutes the single largest industry in India. The segment of the industry during the year 2000-01 has been positive. The production of cotton declined from 156 lakh bales in 19992000 to 1.40 lakh bales during 2000-01. Production of man-made fibre increased from 835 million kgs in 1999-2000 to 904 million kgs during the year 2000-01 registering a growth of 8.26%. The production of spun yarn increased to 3160 million kgs during 2000-01 from 3046 million kgs during 1999-2000 registering a growth of 3.7%. The production of man-made filament yarn registered a growth of 2.91% during the year 1999-2000 increasing from 894

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million kgs to 920 million kgs. The production of fabric registered a growth of 2.7% during the year 1999-2000 increasing from 39,208 million sq mtrs to 40,256 million sq mtrs. The production of mill sector declined by 2.6% while production of handloom, powerloom and hosiery sector increased by 2%, 2.7% and 5.1% respectively. The exports of textiles and garments increased from Rs. 455048 million to Rs. 552424 million, registering a growth of 21%. Growth in the textile industry in the year 2003-2004 was Rs. 1609 billion. And during 2004-05 production of fabrics touched a peak of 45,378 million squre meters. In the year 2005-06 up to November, production of fabrics registered a further growth of 9 percent over the corresponding period of the previous year. With the growing awareness in the industry of its strengths and weakness and the need for exploiting the opportunities and averting threats, the government has initiated many policy measures as follows.

The Technology Upgradation Fund Scheme (TUFS) was launched in April 99 to provide easy access to capital for technological upgradation by various segments of the Industry. The Technology Mission on Cotton (TMC) was launched in February 2000 to address issues relating to the core fibre of Cotton like low productivity, contamination, obsolete ginning and pressing factories, lack of storage facilities and marketing infrastructure A New Long Term Textiles and Garments Export Entitlement (Quota) Policies 2000-2004 was announced for a period of five years with effect from 1.1.2000 to 31.12.2004 covering the remaining period of the quota regime. STRUCTURE OF INDIA’S TEXTILE INDUSTRY

The textile sector in India is one of the worlds largest. The textile industry today is divided into three segments:

1. Cotton Textiles 2. Synthetic Textiles 3. Other like Wool, Jute, Silk etc.

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All segments have their own place but even today cotton textiles continue to dominate with 73% share. The structure of cotton textile industry is very complex with co-existence of oldest technologies of hand spinning and hand weaving with the most sophisticated automatic spindles and loom. The structure of the textile industry is extremely complex with the modern, sophisticated and highly mechanized mill sector on the one hand and hand spinning and hand weaving (handloom sector) on the other in between falls the decentralised small scale powerloom sector.

Unlike other major textile-producing countries, Indias textile industry is comprised mostly of small-scale, nonintegrated spinning, weaving, finishing, and apparel-making enterprises. This unique industry structure is primarily a legacy of government policies that have promoted laborintensive, small-scale operations and discriminated against larger scale firms:

♦ Composite Mills.
Relatively large-scale mills that integrate spinning, weaving and, sometimes, fabric finishing are common in other major textile-producing countries. In India, however, these types of mills now account for about only 3 percent of output in the textile sector. About 276 composite mills are now operating in India, most owned by the public sector and many deemed financially sick. In 2003-2004 composite mills that produced 1434 m.sq mts of cloth. Most of these mills are located in Gujarat and Maharashtra.

♦ Spinning.
Spinning is the process of converting cotton or manmade fiber into yarn to be used for weaving and knitting. This mills chiefly located in North India. Spinning sector is technology intensive and productivity is affected by the quality of cotton and the cleaning process used during ginning. Largely due to deregulation beginning in the mid-1980s, spinning is the most consolidated and technically efficient sector in Indias textile industry. Average plant size remains small, however, and technology outdated, relative to other major producers. In 2002/03, Indias spinning sector consisted of about 1,146 small-scale independent firms and 1,599 larger scale independent units.

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♦ Weaving and Knitting.
The weaving and knits sector lies at the heart of the industry. In 2004-05, of the total production from the weaving sector, about 46 percent was cotton cloth, 41 percent was 100% non-cotton including khadi, wool and silk and 13 percent was blended cloth. Three distinctive technologies are used in the sector handlooms, powerlooms and knitting machines. Weaving and knitting converts cotton, manmade, or blended yarns into woven or knitted fabrics. Indias weaving and knitting sector remains highly fragmented, small-scale, and labour-intensive. This sector consists of about 3.9 million handlooms, 380,000 powerloom enter-prises that operate about 1.7 million looms, and just 137,000 looms in the various composite mills. Powerlooms are small firms, with an average loom capacity of four to five owned by independent entrepreneurs or weavers. Modern shuttleless looms account for less than 1 percent of loom capacity.

♦ Fabric Finishing.
Fabric finishing (also referred to as processing), which includes dyeing, printing, and other cloth preparation prior to the manufacture of clothing, is also dominated by a large number of independent, small-scale enterprises. Overall, about 2,300 processors are operating in India, including about 2,100 independent units and 200 units that are integrated with spinning, weaving, or knitting units.

♦ Clothing.
Apparel is produced by about 77,000 small-scale units classified as domestic manufacturers, manufacturer exporters, and fabricators (subcontractors).

INDIA’S MAJOR COMPETITIORS IN THE WORLD

To understand Indias position among other textile producing the industry contributes 9% of GDP and 35% of foreign exchange earning, Indias share in global exports is only 3% compared to Chinas 13.75% percent. In addition to China, other developing countries are emerging as serious

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competitive threats to India. Looking at export shares, Korea (6%) and Taiwan (5.5%) are ahead of India, while Turkey (2.9%) has already caught up and others like Thailand (2.3%) and Indonesia (2%) are not much further behind. The reason for this development is the fact that India lags behind these countries in investment levels, technology, quality and logistics. If India were competitive in some key segments it could serve as a basis for building a modern industry, but there is no evidence of such signs, except to some extent in the spinning industry.

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VISION

“TO BE GLOBALLY RECOGNIZED AS A LEADING SUPPLIER OF QUALITY FABRICS”

MISSION
Vardhman aims to be world class textile organization producing diverse range of products for the global textile market. Vardhman seeks to achieve customer delight through excellence in manufacturing and customer service based on creative combination of state-of-the-art technology and human resources. Vardhman is committed to be responsible corporate citizen. The mission of the vardhman group can be summed up in a single line i.e“BEING WORLD CLASS SPINNERS BY PROVIDING HIGHEST QUALITY PRODUCTS WITHIN MINIMUM COST”

(S.P OSWAL CHAIRMAN OF VARDHMAN GROUP)

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PROPOSED CODE OF CONDUCT FOR DIRECTORS AND SENIOR MANAGEMENT

This Code of Conduct for the Board of Directors (hereinafter referred to as the Directors ) and Senior Management (hereinafter referred to as the Officers ) of the Company aims at maintaining the highest standard of Business Conduct & Ethics for the Company , guides in difficult situations involving conflict of interest & moral dilemma and ensures compliance with all applicable laws. The Directors and Officers of the Company subscribe to the following code of Conduct adopted by the Board:

HONEST AND ETHICAL CONDUCT

All the Directors and Officers should act in accordance with the highest standards of personal and professional integrity, honesty and ethics. Their conduct should be free from fraud and deception and it should help foster a culture of honesty, truthfulness, reliability, accountability and respect for human values in the Organisation.

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CONFLICTS OF INTEREST

All Directors & Officers should be scrupulous in avoiding situations wherein financial or personal considerations tend to compromise the exercise of professional judgments in discharging of their duties. They should not allow personal interests to conflict with the interests of the Company. Acceptance of any undue offer, gift, money or money's worth or favour, whether for himself/ herself or for family members, from any business associates, is prohibited.

CONFIDENTIALITY

All Directors and Officers should respect the confidentiality of all the confidential information, regarding the Company including but not limited to technical processes, patents, business processes, product developments, R&D, expansion plans, prices of goods, raw materials and

Plant & Machinery, its customers, suppliers, employees, associates etc., acquired by them in the course of their duties. No such information is to be disclosed except when it is authorised or legally required. The use of such information for his or her own advantage or profit is prohibited.

PROTECTION AND PROPER USE OF COMPANY'S PROPERTY

All Directors and Officers shall themselves make and ensure the use of Company's Property in

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most efficient and economic manner. All efforts should be made to protect the Company's Property from any misappropriation, theft, carelessness etc. and the Property must be used for legitimate and official purposes only.

COMPLIANCE WITH ALL APPLICABLE LAWS

All Directors and Officers must comply with all applicable Government Laws, Rules and Regulations. They should make themselves conversant with all the latest legal provisions required in discharging of their duties so that no action of them should jeopardize the Company.

ENHANCING THE VALUE OF THE ORGANISATION

All the Directors and Officers should strive hard to adopt a customer oriented approach and to make the Company more competitive. They should endeavor to make continuous improvements in all the business plans & processes, should foster suggestions/ take innovative steps for the betterment of the Company.

DISCLOSURES

All Directors and Officers should ensure to provide a full, fair, accurate, timely and understandable disclosures in all reports and documents required to be presented to

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shareholders, investors and other Government Authorities.

VIOLATION OF THE CODE

The Board of Directors will have the power to take appropriate action against anyone found violating the provisions of the Code. Where the Company has suffered a loss due to such violation, it may pursue remedies against the individual.

WAIVERS AND AMENDMENTS OF THE CODE

The Board of Directors is committed to continuously review and update the policies and procedures. Therefore, this Code is subject to modifications, waivers and amendments as the Board may think appropriate from time to time. The Board or any designated person/ committee can waive compliance with this code for any director or officer of the Company.

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HISTORY
The industrial city of Ludhiana, located in the fertile Malwa region of Central Punjab is otherwise known as the "Manchester of India". Within the precincts of this city is located the Corporate headquarters of the Vardhman Group, a household name in Northern India. The Vardhman Group, born in 1965, under the entrepreneurship of Late Lala Rattan Chand Oswal has today blossomed into one of the largest Textile Business houses in India. At its inception, Vardhman had an installed capacity of 14,000 spindles, today; its capacity has increased multifold to over 5.5 lacs spindles. In 1982 the Group entered the sewing thread market in the country which was a forward integration of the business. Today Vardhman Threads is the second largest producer of sewing thread in India. In 1990, it undertook yet another diversification - this time into the weaving business. The grey fabric weaving unit at Baddi (HP), commissioned in 1990 with a capacity of 20,000 meters per day, has already made its mark as a quality producer of Grey poplin, sheeting, and shirting in the domestic as well as foreign market. This was followed by entry into fabric processing by setting up Auro Textiles at Baddi, which currently has a processing capacity of 1 lacs meters/day. In the year 1999 the Group has added yet another feature to its cap with the setting up of Vardhman Acrylics Ltd., Bharuch (Gujarat) which is a joint venture in Acrylic Fibre production undertaken with Marubeni and Exlan of Japan. The company also has a strong presence in the markets of Japan, Hong Kong, Korea, UK and EU in addition to the domestic market. Adherence to systems and a true dedication to quality has resulted in obtaining the ISO 9002/ ISO 14002 quality award which is the first in Textile industry in India and yet another laurel to its credit. The company emphasized in the area of productivity, quality, cost effectiveness and energy conservation. The philosophy of Vardhman is to focus on use of all resources in achieving perfection in operational performance, standards of productivity, work norms, cost per/kg and spindle/shift , These have been appreciated by the various textile institutes in their comparative surveys of industries. The performance is reflected in the balance sheet of the company in the area of energy as per unit product basis. Apart from this we have a training center at Ludhiana where training programs are being conducted for staff and officers. For workers a MANAV VIKAS KENDRA. ER is established since 1984 inside the mill premises for training & development of workers. We have also adopted the concept of Quality Circle and Total Productivity Management (TPM) in our mill. We have KAIZEN Scheme to get suggestion on energy savings,

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improvement in work culture, increase in production & productivity, safety, waste minimization and cost reduction etc.

STRATEGIC BUSINESS UNIT
Vardhman Holding Limited Vardhman Textiles Limited Vardhman Acrylic Limited VMT Spinning Company Limited Vardhman Yarns and Threads Limited

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MANAGEMENT TEAM

Name Arun Kumar Purwar Ashok Kumar Kundra Darshan Lal Sharma Mohan Singh Mohan Singh Neeraj Jain Paul Oswal Paul Oswal Prafull Anubhai Rajeev Thapar S Padmanabhan Sachit Jain Shravan Talwar Subash Khanchand Bijlani Suchita Jain

Designation Director Director Director Company Secretary Secretary Executive Director CEO Chairman and Managing director Director CGM (Finance, Accounts & Taxation) Nominee Director Executive Director Director Director Executive Director

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PRODUCT

PORTFOLIO
The group portfolio includes Yarn, Fabrics, Sewing Thread, Fibre and Alloy Steel.

Business Wise Turnover for the financial Year 2008-09
Actual 2010-11 Yarn Fabric Sewing Thread Steel Power plant Fibre Total Group Total( Rs crore) 2279 1093 440 394 9 203 4418 USD Million 500.11 239.85 96.55 86.46 1.97 44.55 969.50 % Share 52% 25% 10% 9% 0.2% 5% 100%

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During the last 5 years, Vardhman Group has recorded 10 percent top line growth rate, which is higher than the industry average growth rate. The Group turnover has grown from Rs 723 crores in 1995 to Rs 3186.32 crores (about USD 700 million) in 2008-09. The exports has grown from negligible level in early nineties to Rs 689 crores (USD 150 million) in 2008-09. Financial Indicators Of Vardhman Group (Rs. In Crores) Particulars Group 200809 Gross Sales Fob Value Of Exports Profit Before Tax Cash Accrual (PBT + Dep.) Gross Block Net Block Capital Employed 688.67 137.41 380.79 Group 200708 495.73 204.80 376.74 Group 200607 482.93 264.73 398.32 Group 200506 402.67 259.53 377.33 Group 20042005 445.81 190.62 305.26

3186.32 2692.93 2454.00 2210.27 2219.34

3935.47 3460.86 2467.71 2079.37 1802.54 2571.33 2219.22 1386.84 1124.31 954.55 4555.61 3917.86 3181.18 2438.86 1817.96

Financial Indicators Of Vardhman Group (USD In Millions) Particulars Group 200809 Gross Sales Fob Value Of Exports Profit Before Tax Cash Accrual (PBT + Dep.) 692.68 149.71 29.87 82.78 Group 200708 656.81 120.91 49.95 91.89 Group 200607 543.64 106.99 58.65 88.24 Group 200506 498.93 90.90 58.58 85.18 Group 20042005 493.96 99.22 42.43 67.94

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Gross Block Net Block Capital Employed

855.54 558.98 990.35

844.11 541.27 955.58

546.68 307.23 704.74

469.38 253.79 550.53

401.19 212.45 404.62

1-YARNS
Overview Yarn is the largest strategic business unit of the Vardhman Group with 8,00,000 spindles and 65 MT tons per day yarn and fiber dying capacity. The Group offers one-stop solution for variety of yarn requirements of the leading customers in India and the international markets. Vardhman offers the widest range of specialized greige and dyed yarns (NE 10 to NE 200) in cotton, polyester, acrylic and varieties of blends. The group offers value added products like Organic Cotton, Melange, Lycra, Ultra yarns (contamination controlled), gassed mercerized, super fine yarns and fancy yarns for hand knitting. Vardhman is India's largest exporter of cotton yarn to the most quality conscious markets like EU, USA and Far Eastern countries.
Products

Cotton Yarn Organic Cotton Yarn Fair Trade cotton Yarn Organic Fair Trade Cotton Yarn Ellitwist Vortex Yarn Slub Yarn Acrylic Yarn Poly -Cotton Yarn

Special Blended Yarn Core Spun Yarn Melanges Gassed Mercerised Modal Yarn Tencel Yarn Viscose Yarn Hand Knitting Yarn Speciality Yarn

Yarn product profile  Grey cotton yarn  Grey acrylic yarn  Grey polyester cotton yarn

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           

Special blended yarn Crayons Rainbow Rangoli Gassed mercerised cotton yarn Paragon Harmony Padam Daffodil Hank dyed acrylic yarn Vardhman knitting yarn Speciality yarns

Yarn machinery

    

Preparatory – reiter, trutzschler Pre-spinning – reiter, cherry hara, toyoda Spinning – lakshmi reiter, kriloskar toyoda Post spinning - schlaforst, murata Doubling – volkman, leewha, vijaylakshmi

Integrated yarn dyeing unit

1994 has witnessed a milestone toward our mission, to supply value added product i.e. cone and fibre dyed yarn and tops. A fully integrated dye house plant with technology from Nihon Synmo, Japan, the leader in dyeing technology in the world, emerged on the landscape of Vardhman. With setting up of this new dye house , the installed capacity to process has increased to 20 tons of Yarn and 15 ton of Fibre per day.

 Technological collaboration with Nihonsanmo, Japan.

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 Dyeing capacity :- fiber dyeing 15 tons per day and yarn dyeing 20 tons per day.  Facility of dyeing a vast range – 100% cotton , P/C blends, cotton/ wool, cotton/ viscose, acrylics/ cotton, 100% acrylics.  Lot size flexibility. Yarn operation

The unique combination of man and machine, competing and supplementing each other with continuous increase in productivity has enable Vardhman to dexoterously ripe the fruit of economies of scale and process variety of raw material required for variety of end products to textile. Evennes Results fall in 5% to 15% of Uster standards, achieved through

Proper selection of Raw Material

World class Pre-spinning and Spinning Facilities

Technical Know How

Human Skills

100% Quality Assurance System

2-FABRIC
Overview Vardhman is among the few fully integrated fabric suppliers in the country. An exquisite range of fabrics for shirting and trousers enables Vardhman to offer fashion solutions to the leading clothing manufactures

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in the world. The state-of-the-art manufacturing facilities having 900 shuttleless looms and producing 90 mn meters per annum processed fabric are located in North and Central India, which cater to the highly customized fabric needs of the buyers. An integrated fabric supply chain extending from raw materials to yarns and from weaving to processing provides the winning edge to the customers.

Shirting Count range Ring spun Ne 20's to 80's Ring spun Blends 2/40's to 2/210's 100% cotton, Polyester cotton, Cotton stretch DowXLA, Cotton Tencel, Cotton Modal, Cotton Bamboo, Cotton silk, Cotton Nylon, Cotton Nylon stretch, Cotton Linen. Weave Yarn Dyed: Chambray, fil-a-fil, checks, stripes, Oxford, HBT Others (yarn dyed & piece dyed) Plain, twill, satin, oxford, dobby, herringbone, Pique Cord. Fabric weight Finished width 2-5.6 oz/yd'2 58"

Bottom weights

Count range

Ring spun Ne 20's to Ne 2/80's Open end Ne 6's to Ne 16's 100% cotton, Polyester cotton, Cotton stretch DowXLA, Cotton Tencel, Cotton Modal, Cotton Bamboo, Cotton silk, Cotton Nylon, Cotton Nylon stretch, Cotton Linen Coolmax.

Weave

Chambray, fil-a-fil, checks, stripes, Oxford, HBT Others (yarn dyed & piece dyed) Plain, twill, Drill, satin, oxford, dobby, herringbone, Pique Cord, Honey comb

Fabric weight Finished width

6.00 to 12.00 Oz.yd'2 58" to 60

Finishes Soft, Peach, Mechanical stretch, Microsand, Easy to iron,

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Water resistant, Stain Release, Stiff finish, Airo finish, Carbon finish, Diamond finish, Airo enzyme, Soft Easy Care, Soil resistant, Thirsty finish, Feather touch, Banana Peel and to add Ammonia finish. Eco-Friendly Blends Also certified by Bamboo, Organic Cotton, Linen FLO, OEKOTEX, SKAL.

Machinery
Grey
State of the art looms: Airjet and Rapier looms of Picanol Delta/Omni Plus, Tsudakoma, Zax, Rapier GTX/Gammax and Toyota Benninger and Sucker Muller Warping & Sizing Machines

Fabric Processing
Continuous Bleaching Range
Singeing with 4 burners Chemical doising electronically controlled Suitable for wide range of fabrics

Chain Mercerizer
Electronically controlled caustic concentration and temperature Ecofriendly

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Pad steam ranges
Unique steamer. Efficient washing range.

Continuous Dyeing Ranges
Kuster mangle ensures uniform dyeing. Curing Machines Enables us to give Resin Finish to Fabric

Sueding Ranges
Precise levels of Peaching

Stenters and Shrinking Ranges
Stenters with 7 heat chambers

Quality Assurance
4 Point inspection system. SO - 9002 certified plant CAT System from Datatex for Fabric Inspection CAD System from Technograph Infotech Services for Fabric Inspection

Fabric Testing Capabilities
Laboratory having state-of-the-art Testing equipments from USA & UK to test various fabric parameters

 Stretch, Recovery & Growth Test (Stretch fabrics)

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                 

Abrasion Test ICI Pilling Tearing Strength Tensile and Seam Strength Formaldehyde Content Skew / Bow test D P Rating CRA test GSM test Sample Drying Shrinkage test Perspiration, Water Fastness Perspiration, Water Fastness Rubbing Fastness Sublimation Pilling Test Washing Fastness Light Fastness

3-THREADS
Overview Vardhman is a leading player in the Indian sewing thread market. The joint venture with A&E Threads of USA offers complete thread solutions from tailoring to industrial applications. With 33 tons per day capacity spread over three plants located in North and South India, Vardhman is uniquely positioned to serve the garment manufacturers across the world. Vardhman's customer value proposition includes threads made from cotton, polyester, core spun, nylon and filaments, which are AZO free and meet OEKO Tex Standards.

Embroidery
They manufactured products through following ways: Machine  Hand / Needle  Schiffli / Lace

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MACHINE Vardhman textiles ltd. Manufacture the following machine stitched embroidered products: Polymerized: - Pride is a 100 % Trilobal polyester continuous filament thread ideally suited for embroidery on high speed machines. It offers sparkling lustre and enhanced productivity due to low breakages. The dye fastness rating is also very good.

Metallic: - Eureka metall is a metallic embroidery thread with a nylon core and a

metallised foil cover. A special lubrication ensures proper running of the thread on high speed machines. Available in 36 colours including Gold and Silver.  Specials -- Puff is a 100 % Acrylic thread which is ideal for raised effect embroidery.

It can be used on Multi head machines as well as manual machines
Application Embroidery on all types of fabric for raised effect with Matt finish. Sizes Available Tex 70 Puff wool is composed of 50 % Wool and 50 % Acrylic. Embroidery done with Puff Wool gives a raised and wool effect . Application Embroidery on all types of fabric for raised effect. Sizes Available Tex 60Puff wool MULTI COLOUR Multi Colour or better known as space dyed is a combination of two or more colours in the same thread. PRIDE offers multi colour threads in a combination of two or four colours. It is available in Tex 27.

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Cotton embroidery threads – Superseam is a 100% extra long staple mercerized cotton thread. Its available in Tex 35.

HAND/NEEDLE

People have always found deep personal pleasure and sense of satisfaction in creating articles of daily use and artistic works from basic equipment and materials. One of the crafts practiced since times immemorial is needlecraft and embroidery - the urge to create with colourful threads. Embroidery was used in Ancient Egypt to decorate the hems of royal robes, in tapestries in the Middle Ages, and in ladies' samplers during the Colonial and Victorian eras. It continues as an art form today.
Hand embroidery is used to decorate wall hangings, pillowcases, quilts and table runners. Hand embroidery differs from counted cross stitch in that it uses many different types of stitches to achieve texture and interest, whereas counted cross stitch uses a single stitch and relies on color and shading for texture. Five stitches form the basis for hand embroidery. The stitches are outline, satin, lazy daisy, cross and French knot. Hand embroidery is a beautiful art that almost anyone can learn. It is an art that should be preserved and well worth learning. The hand embroidery market in India is segmented into three segments.

 Premium Embroidery Threads  Popular Embroidery Threads  Crochet Threads

Usage of Hand Embroidery Thread

      

Cross stitch Counted thread work Embroidery Smocking Tapestry Applique work Quilting

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SCHIFFLI/LACE
Embroidery, the art of forming attractive designs with hand or machine needlework, has been around virtually as long as clothing itself. Schiffi embroidery is a single needle and single/multi head machine embroidery. Both mercerized cotton as well as staple polyester fibers is used to manufacture this thread. It gives excellent resistance to heat and organic solvent and good resistance to alkalis but sensitive to acdis. Application: All Kinds of Embroidery with Lock stitch. Top Thread (Cotton) Tex Sizes Available: 14, 18, 27, 35, 60, 80, 105, 120 Bobbin Thread (Polyester) Tex Size Available: 16, 18

INDUSTRIAL PRODUCTS

Apparel :- they manufacture the following categories of threads for industrial  Knits  Wovens  Denim  Over dyed  Special application Shoes , leather & non –apparel :      Footwear Leather garments Leather accessories Automotive seating and upholstery Luggage Mattress and quilting

application –

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    

Saddler industrial Filter Compressor Winding curtains and tents Book bindin

4-FIBRES
Overview
The acrylic fiber of Vardhman is acclaimed for a wide variety of textile applications. The modern manufacturing plant based on renowned Japan Exlan Wet Spun technology produces 18000 MT per annum acrylic fiber at Gujarat (Western India). The fiber marketed under the brand name VARLAN has achieved high level of recognition in the Indian market because of super soft touch and silky appearance.

Product Features
Superb soft touch & silky appearance; resilence; excellent dye -ability; brilliant shades, high bulk yarn products incorporating shrinkable fibres; low pill formation; better crease recovery; high resistance to chemicals, light, weathering and midew make VARLAN a preferred fibre in knitted, woven and other applications.

Product Range
 Acrylic Bright & Semi-dull Non shrinkable fibre in 1.2,1.5,2,3,5,7,10,15 deniers in a wide range of cut lenghts.  Acrylic Bright & Semi-dull Shrinkable fibre with different shrinage levels in 2,3,5 deniers in a wide range of cut lengths  Acrylic Tow endless Bright & Semi dull in 2,3 denier.  Specialty acrylic fibres suitable for Open end spinning; Soft handle, Water absorbent applications etc.

PROCESS

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Process Features

Continuous aqueous suspension polymerisation of reactive ingredients in a precisely controlled reactor system. Constant composition of polymer and close control of molecular weight. Polymer in water slurry dissolved with highly concentrated solvent, deaerated, heated and filtered to convert into dope suitable for spinning. Dope extruded through spinnerette in spin bath filled with dilute coagulant to form gel fibre which is washed, stretched and made void free to provide a dense and compact structure of the fibre. Tow is crimped and heat set to acquire stress and strain property. High quality finish applied for antistatic and lubrication purpose.

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Tow is dried, cut and baled as staple or packed as tow as per requirement. Weak solvent from spinning sent to solvent recovery for purification and evaporation to increase concentration of solvent for reuse at dope.

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Assortment

Single Fibre Denier

Cut Length (MM) 38 51 38,51 51,64 61,64,76,V64 64,76,V74 76, V64 102, V84 152, V84 51, 64 64, V64 38,51 51,64

Luster

Non – Shrinkable

1.2 1.2 1.5 2 3 5 7 10 15

Bright Bright & Semi Dull

Bright

High – Shrinkable

2 3

Bright & Semi Dull Semi Dull Bright

Medium – Shrinkable Very Much – Shrinkable

2 2.5

Assortment Tow

Single Fibre Denier 3 5

Tow Dennier 9,7,000x2 9,80,000x

Luster Bright Bright & Semi Dull

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SPECIAL FIBRE Assortment Single Fibre Denier Staple for Open End Soft - Hand 2 3 Water Absorbent Tow 1.5 2 51 V64 38,51 Total Dennier 5,30,000 X 2 Tows 1.5 38 Bright & Semi Dull Dull Semi-Dull Semi-Dull Semi-Dull Tow Dennier Luster

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MARKETS-----WE EXPORT TO THE WORLD

Some of our prominent markets are -

Australia South Africa Tunisia Brazil Bangladesh Belgium China Canada Colombia Egypt Germany Greece Hongkong Indonesia Israel Italy Japan Korea Lebanon Malasiya

Portugal Iran Morocco Turkey Russia Saudi Arabia Singapore Sri Lanka Spain Switzerland Syria Thailand U.K. Ukraine Uruguay USA Venezuela Vietnam Newzealand Mauritius

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JOINT VENTURE
Vardhman Textiles Limited has informed the Exchange that "To achieve the objective of possible creation of strategic relationship with an international thread entity, the Company has signed a Joint Venture Agreement on 24th March, 2008 with American & Efird Inc. (A&E), a subsidiary of Ruddick Corporation, USA. The Joint Venture, which has been implemented in Vardhman Yarns and Threads Limited (VYTL), a subsidiary Company of Vardhman Textiles Limited, has become effective after the allotment of shares to A&E by the Board of Directors of VYTL in their Board Meeting held on 7th April, 2008. This Joint Venture Agreement envisages A&E''s participation in equity, initially to the extent of 35% of paid-up equity share capital with an option to increase its share in equity up to 49% within the next five years".

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Some of our CSR (Corporate social responsibility) activities –

Sri Aurobindo Socio-Economic and Management Research Institute is engaged in the promotion of education, research and publications highlighting social and economic issues facing the society. The Institute runs a Human Resource Development Centre for providing career counseling and guidance to college students in Punjab. The teams of experts also visit the colleges in the state to prepare college students for gainful employment in the industry.

Sprung from a keen desire to set up an educational institution in Ludhiana and inspired by the writings of Sri Aurobindo and the Mother, the Trust has set up a college - Sri Aurobindo College of Commerce and Management (affiliated to the Punjab University) with the mission to create an institution with distinction dedicated to the ideals of creating disciplined career oriented young people ready for going for administrative and management roles in enterprises or to set up their own business as entrepreneurs.

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Mr. Oswal with Faculty at the College A Vardhman initiative to improve the yield of cotton in Punjab in 2001 when the State had suffered a shock of crop devastation and area under cotton cultivation was dwindling, led to the experiment to adopt villages and see whether concerted efforts in bringing knowledge to farmers could improve the yield of cotton. The experiment was successful as it improved the yield of cotton to 873 kg/hectare in 2005 in adopted villages where the average yield of cotton in the State of Punjab was 587 kg/hectare (world average - 700 kg/hectare). It found mention in the President's broadcast on Technology Day (11/05/04) as a 'technological event which has the potential to penetrate into our everyday lives'. The Village Adoption Programme also found mention in the President's address to the nation on the eve of India's 56th Republic day. The President of India was gracious to bless one of the participating Villages -'Gehri Buttar' (District - Bathinda) by his presence on December 10th 2005.

Vardhman is actively engaged in the activities of Nimbua Greenfield Punjab Limited (www.ngpl.co.in) formed by a consortium of Industries of Punjab for developing a

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commofacility for storage, treatment and disposal of hazardous wastes generated by the Industry with a Government of India grant. www.ngpl.co.in)

SWOT ANALYSIS
•Strengths:1.Good Brand Equity 2. Good technological base with Foreign collaboration. 3. High Quality Standards 4. High Production Capacity 5. Commitment for growth

•Weaknesses:1.Comparatively high prices 2. Lesser degree of promotional activity 3. Long Hierarchy

•Opportunities:1. As brand image is very good ,Vardhman can have some good customers. 2. Strict payments are strengths at times as well as weakness.

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3. Customers shall be attracted to buy more and regularly. 4. Shortened hierarchy shall provide hope for better customer service.

•Threats:1.Smaller players in the market are using Vardhman’s process to push their product at lower prices. 2. Companies from south are entering into Ludhiana market. 3. Capacity of Yarn Spinning is increasing rapidly in comparison to increase in market size, resulting into the addition of new players.

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CONCLUSION
Success of every business depends upon the hiring of best potential, competent person and to retain them with the organization for its continual growth and development. So I come to this conclusion that the recruitment method of every organization plays very important role in achieving its existing and future plans. Recruitment includes identification of sources and search for skilled and competent persons, retains them, orients them, trained them and motivated them. So that it can get maximum out of its service and skills. In the case Vardhaman mills they use various sources for the recruitment of the staff and officers that i already define in the report. For this they use various external and internal sources for the new requirement and any other place. They use various steps for the selection of the candidate’s e.g. preliminary interview, medical examination, group discussion etc. In this the H.O.D. of various departments are related with this method.

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SUGGESTION
→Company needs to revise the pay scale of the employees. →Timely and adequate increments should be there for the employees. →Organization should provide better Housing, Retirement benefits, Educational Assistance, Leave, Health, transportation facilities. →Employee motivation should be encouraged. →Interpersonal relations should be more developed. Superior subordinate relations should be fine and hierarchy should be shortened. →Time to time profile changes for the employees →There should be job rotation for the employees in all dept , so the employees can know all other activities →Increase staff level salary taking into consideration current inflation.

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BIBLIOGRAPHY
Human Resource Management : C. B. Gupta

Organization Behavior

:

Robbins

Organization Behavior

:

Fishers

Web Site

:

www.vardhman.com www.scribd.com www.managementparadise.

www.answers.com

THANK YOU MANISH JHA PGD11049

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