What we do Varvee Global Ltd manufactures and sells denim and non-denim fabrics, specializing in indigo denim production with an emphasis on quality textile manufacturing. |
Founded in 1,988 |
Market share Established player in textile fabric manufacturing with significant capacity expansions since 1988. |
Problem solved Provides high-quality denim and synthetic fabrics addressing textile industry needs for durable and fashionable materials. |
Top clients or who we serve Primarily serves textile and garment manufacturers, operating as a B2B supplier domestically and internationally. |
Key management Vinod P. Arora (Chairman & Managing Director), Ashish V. Shah (Managing Director), Kalpesh V. Shah (Whole Time Director), Nipun Arora (Whole Time Director) |
Our journey and innovations Progressive capacity expansions from 1988 onwards, adopting modern looms and gabardine processing units; diversified into spinning and wind mill segments. |
Where we operate Mainly India with export operations through subsidiaries, serving markets inside and outside India. |
Top products or what we offer Denim fabrics, gabardine fabrics, yarn via spinning units, and renewable energy through wind mill operations. |
Top brands No specific consumer brands; known for 'Aarvee Denims' legacy in denim manufacturing. |
Raw materials needed Cotton and synthetic fibers needed for producing denim and other textiles. |
Raw materials supplier Not specified; likely sourced from domestic and international fiber suppliers. |
Recurring vs cyclical contribution Revenue mostly cyclical, tied to textile demand and industry cycles. |
Our industry position Mid-tier textile fabric manufacturer with diversified capacity and a growing footprint in fabric and energy sectors. |
Financial highlights FY2023-24 revenue Rs 91.33 crore; net loss of Rs 44.62 crore; ongoing efforts to control costs and reduce debt. |
Geographical revenue split Revenue from India Rs 64.77 crore (71%), outside India Rs 10.38 crore (11%); remaining from other segments. |
Order book - |
Whats driving growth Focused on capacity expansion, asset monetization, and diversification into spinning and wind energy segments. |
Our future plans Curtail expenditure, monetize assets, reduce debt, and strengthen textile and renewable energy operations. |
Our green promise Wind mill segment contributes renewable energy; ongoing CSR initiatives reflect commitment to sustainability. |
Our people and values Committed workforce with focus on compliance, corporate governance, and employee safety. |
Key challenges ahead Financial losses, debt burden, and competitive textile market pressures are significant challenges. |
Interesting facts Started as Aarvee Denims in 1988; converted to public company in 1992; recently renamed Varvee Global Ltd in 2025. |
Risks and strategy Mitigating financial risks via asset sales and cost controls; strategy focuses on operational efficiency and debt reduction. |
