Vardhman Special Steels was demerged from VTXL into a listed Company Vardhman Special Steels Ltd. (VSSL) and post demerger, VTXL is now a pure textile Company manufacturing yarn & fabric
Vardhman Fabrics was set up in Budni, Madhya Pradesh. The state-of-the-art consolidated textile plant with an installed capacity of 60,000 spindles, 400 looms and 50 million meters of processed fabric capacity was one of a kind at the time.
VTXL also expanded its fabric capacity in Baddi by setting up a new plant called MSML Textile Division. Today the weaving capacity has expanded to 180 million meters and processing to 114 million meters per annum
Vardhman Yarns & Threads Ltd. (VYTL) was incorporated as a joint venture with the world’s second largest thread Company, American & Efird (A&E).The entire threads business of VTXL was sold to this Company. The industrial threads business of VTL (based in Baddi) was also demerged into VYTL
VTL was left with only a few investments in its books and was converted into an NBFC named VTL Investments Ltd.