What we do Victoria Mills Limited manufactures and sells textiles including cloth, yarn and cotton waste, and recently shifted focus to luxury real estate development. |
Founded in 1,913 |
Market share Established textile manufacturer with a niche in luxury residential properties development. |
Problem solved Provides quality textile products and premium ready-to-move-in luxury villas addressing demand in textiles and upscale housing. |
Top clients or who we serve Clients in textile markets and luxury real estate buyers; operates in B2B textiles and B2C real estate sectors. |
Key management Aditya Mangaldas, Chairman and Managing Director, leads the company with strong industry experience. |
Our journey and innovations Started as textile manufacturer in 1913, demerged in 2002, and pivoted to luxury villa real estate development in recent years. |
Where we operate Primarily India with local textile markets and luxury residential projects in Alibaug area. |
Top products or what we offer Textile products: dhotis, sarees, shirting, poplin; Real estate: luxury villas under subsidiary Victoria Land Pvt Ltd. |
Top brands Victoria Mills textile fabrics; luxury villas under Victoria Land, a key revenue driver in real estate segment. |
Raw materials needed Cotton and textile raw materials for fabrics; land for real estate projects. |
Raw materials supplier Local cotton suppliers and fabric material vendors; land acquired directly for projects. |
Recurring vs cyclical contribution Revenue mix includes cyclical textile sales and project-based real estate income. |
Our industry position A historic textile player with emerging presence in luxury real estate niche. |
Financial highlights FY2024-25 revenue of approx ₹30 crore, net profit ₹0.55 crore, with a recent revenue growth from ₹18.57 crore. |
Geographical revenue split - |
Order book - |
Whats driving growth Growth driven by real estate project launches and stable textile market operations. |
Our future plans Expand luxury residential developments, invest in new projects and diversify into value-added fabrics for exports. |
Our green promise - |
Our people and values Committed to governance and workplace policies; fostering growth and value creation. |
Key challenges ahead Market competition in textiles and real estate along with economic factors affecting demand. |
Interesting facts One of the oldest textile companies in India, over a century old with diversification into luxury homes. |
Risks and strategy Managing cyclical textile demand risks by expanding high-margin real estate segment and operational efficiencies. |
