Support and Resistance Levels
Past performance
About Vardhman Holdings Ltd Vardhman Holdings Ltd, originally Vardhman Spinning & General Mills Ltd, was established in 1962 and became operational in 1965. Initially involved in textile production, the company expanded its operations over the years, gaining ISO 9002 certification and entering international markets. However, in 2004, the textile division was demerged to Mahavir Spinning Mills Ltd as part of a strategic restructuring, leaving Vardhman Holdings to focus on lending and investment activities. This demerger led to a name change in 2006 and resulted in a reshuffle of equity shares among shareholders.
The company is part of the Vardhman Group and previously engaged in producing cotton and worsted blended yarns, exporting to various global markets. Its current business model centers on financial investments, primarily in shares of group companies, following the demerger. The company's historical involvement in textiles and strategic shifts indicate a focus on maximizing shareholder value through investment diversification.