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Varvee Global Ltd (VGL) Share Price & Fundamentals

Company Overview

Founded Year

1988

Listed Year

1992

Headquarter

Narol, Ahmedabad, India

MD/CEO

Vinod P. Arora

Website

http://www.aarveedenims.com

Company Facts

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.

Market Footprint

Top Clients

Top Clients

Primarily serves textile and garment manufacturers, operating as a B2B supplier domestically and internationally.

Top Products

Top Products

Denim fabrics, gabardine fabrics, yarn via spinning units, and renewable energy through wind mill operations.

Price Movement & Share Holding

Today's High/Low

53.2156.85

52 Week High/Low

43.784.75
Past Returns

1 week

-5.61%

1 month

-15.5%

3 month

-11.14%

1 year

-9.88%

3 year

362.13%

5 year

304.32%

Share Holding

Promoters

65.63%

FII

0.69%

DII

1.3%

Retail

26.12%

Others

6.25%

Company Overview

Founded Year

1988

Listed Year

1992

Headquarter

Narol, Ahmedabad, India

MD/CEO

Vinod P. Arora (Chairman & Managing Director)

Website

http://www.aarveedenims.com

Price Movement & Share Holding

Today's High/Low

53.2156.85

52 Week High/Low

43.784.75

Past Returns

1 week

-5.61%

1 month

-15.5%

3 month

-11.14%

1 year

-9.88%

3 year

362.13%

5 year

304.32%

Share Holding

Promoters

65.63%

FII

0.69%

DII

1.3%

Retail

26.12%

Others

6.25%

Company Facts

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

1988

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.

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.

Market Footprint

Top Clients

Top Clients

Primarily serves textile and garment manufacturers, operating as a B2B supplier domestically and internationally.

Top Products

Top Products

Denim fabrics, gabardine fabrics, yarn via spinning units, and renewable energy through wind mill operations.

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