Company Virat Industries Limited

VIRAT6

INE467D01017

Apparel & Accessories

Market Closed - Bombay S.E. Other stock markets 11:00:53 10/05/2024 BST			5-day change	1st Jan Change
157.6 ^INR	-1.65%		+1.64%	-18.97%

04-20	Virat Industries Limited Announces Resignation of Pheroze Adi Dhanbhoora as Non-Executive Independent Director	CI
03-01	Virat Industries Limited Appoints Himanshu Vipul Zinzuwadia as Company Secretary and Compliance Officer	CI

Business Summary

Virat Industries Limited is an India-based company, which is engaged in socks business. The Company manufactures socks for export mainly to the European markets. The Company manufactures cotton dresses/casual socks for men, ladies and children on computerized electronic knitting machines by Lonati and Matec from Italy and KTM from Korea. Its socks are manufactured in cotton, cotton/viscose, wool, acrylic, wool/cashmere, wool/silk, cotton/silk. The Company's double cylinder machines produce socks in plain rib, rib link, link link and jacquard. It is specialized in 100% cotton, cotton nylon lycra, link link and casual 96N socks in rib, link and jacquard types. Its double cylinder machines are available in six, 14 and 15 gauges. Its single cylinder machines produce, jacquard, plain, fillet, motif and embroidery. 18 machines are capable of producing football and sports socks also. Socks with mesh and three colors with elastic are also available.

Number of employees: 148

Sales per Business

INR in Million	2022	Weight	2023	Weight	Delta
Knitted Socks 94.2 %	232	94.0 %	355	94.2 %	+53.14%
Rebate of State Lavies (ROSCTL/RODTEP) 3.2 %	7	2.8 %	12	3.2 %	+75.32%
Duty Drawback 2.2 %	5	2.1 %	8	2.2 %	+59.05%
Samples Development 0.5 %	2	0.9 %	2	0.5 %	-21.81%
Job Work 0.0 %	1	0.2 %	0	0.0 %	-91.51%

Sales per region

INR in Million	2022	Weight	2023	Weight	Delta
Switzerland 46.9 %	100	43.2 %	166	46.9 %	+66.16%
United Kingdom 36.9 %	88	38.1 %	131	36.9 %	+48.41%
Rest of the World 9.6 %	21	8.9 %	34	9.6 %	+66.41%
India 6.6 %	23	9.8 %	23	6.6 %	+2.19%

Managers

Managers	Title	Age	Since
Adi Fredoon Madan CEO	Chief Executive Officer	66	23/05/94
Bhavik Kumar R. Maisuria DFI	Director of Finance/CFO	-	28/05/14
Rajesh D. Kamble SAM	Sales & Marketing	-	31/12/94

Members of the board

Members of the board	Title	Age	Since
Ajit Pandurang Walwaikar BRD	Director/Board Member	68	25/02/04
Adi Fredoon Madan CEO	Chief Executive Officer	66	23/05/94
Harishchandra H. Shah BRD	Director/Board Member	80	11/04/10
Ayesha Kaizad DadyBurjor BRD	Director/Board Member	53	31/03/12
Kaizad Rusi Dadyburjor BRD	Director/Board Member	55	02/09/15