V I P Industries Ltd
NSE: VIPIND BSE: 507880
₹280.75
(3.51%)
Sat, 10 Oct 2026, 02:31 pm
Market Cap (in Cr)3988.87
PE Ratio0
Dividend0
Consumer Durables
Other Consumer Specialties
24.5KCompany History
1968
- Incorporated on January 27 as Aristo Plast Pvt. Ltd.
- Commenced plastic moulding job work.
1971
- Became wholly owned subsidiary of Blow Plast Ltd.
1973
- Became deemed public limited company under section 43-A on March 15.
- Operational management changed hands.
- Established manufacturing facilities for injection moulding, electroplating, anodising, frame bending, press shop, component manufacturing, and assembly.
1978
- Issued 750 bonus equity shares in 1:1 proportion.
1979
- Implemented first expansion at Nasik, increasing capacity from 40,000 to 60,000 pieces per month.
1980
- Commissioned new tool room for press tools, jigs, fixtures, dies, and moulds.
- Allotted 300 equity shares without payment and 450 for cash to Blow Plast Ltd. and nominees.
1981
- Implemented second expansion, increasing capacity from 60,000 to 90,000 pieces per month.
- Changed name to V.I.P. Industries Ltd. effective June 16.
1982
- Launched soft luggage project at Jalgaon under ‘Skybags’ brand.
- Implemented modernization at Nasik.
- Issued 3,000 bonus equity shares in 1:1 proportion.
1985
- Jalgaon moulded luggage plant contributed significantly to output.
- 25% excise duty imposed on moulded luggage, exempt from March.
- Began producing low-priced luggage.
- Expanded Jalgaon capacity, modernized Nasik, set up Nagpur factory for moulded luggage.
- Subdivided equity shares.
- Issued 3,000,000 bonus equity shares at Rs. 2 premium linked to debentures with preferential allotments; balance offered publicly in 1986.
1986
- Ceased to be subsidiary of Blow Plast Ltd.
- Launched moulded luggage ranges ‘International Tourister’ and ‘Odyssey’.
- Issued 2,400,000 equity shares at Rs. 2 premium linked to 960,000 15% secured redeemable non-convertible debentures with preferential allotments.
1987
- Maintained production and sales despite go-slow and lock-out at Nasik factory; margins pressured by competition.
1988
- Sales declined to Rs. 64.64 crores due to excise duty, competition, and input cost increases.
- Issued 6,000,000 right equity shares at Rs. 30 premium in 1:1 proportion.
1994
- Withdrew from Industrial Crates line and exports to Nigeria and CIS countries.
2000
- Approved amalgamation of Cristobal Investments Co. Ltd. and Pristine Plast Ind. Ltd. effective April 1.
2001
- Launched Moderna moulded chairs in wood finish.
- Entered strategic alliance with Delsey.
- Secured order for over 55,000 briefcases for German market.
2002
- Milind Puranik resigned as Company Secretary.
2003
- A. G. Warey resigned as Director effective June 6.
2004
- Bid accepted for acquisition of assets of Carlton International plc (UK) under liquidation.
2005
- Entered soft luggage segment.
2009
- Appointed Radhika Piramal as Executive Director effective July 13.
2010
- Appointed T. Premanand as Whole-time Director (Director - Works) effective July 27.
2011
- Declared interim dividend of Rs. 3 per equity share of Rs. 10.
- Appointed Jogendra Sethi as Chief Financial Officer.
- Split face value of shares from Rs. 10 to Rs. 2.
2012
- Declared interim dividend of 60 paise per equity share of Rs. 2.
- Incorporated wholly owned subsidiary VIP Industries Bangladesh Pvt. Ltd. for luggage manufacturing plant.
2015
- Won India Design Mark awards for VIP Spacelite 360, Carlton Stark Strolley, Impaq PRO Spinner Laptop bag.
- Won Good Design Award for VIP Spacelite 360 degree Spinner.
2016
- Won India Design Mark award for Carlton Hampton 3 Laptop backpack.
- Brand Caprese awarded best brand in ‘Bags & Accessories’ category by Shoppers Stop.
- Awarded ‘Regional Best Employer 2016-17’ by World HRD Congress.
2017
- Skybags awarded ‘Best Performing Brand in Travel Category’ for 2016-17 by Flipkart.
- Awarded ‘Supply Chain Champion for the Year’ by Metro Cash & Carry.
- Won India Design Mark award for VIP Tube.
- Aristocrat won 4 awards for ‘Unpack Your Dreams’ campaign.
- Won DMA International ECHO ‘Bronze’ award for Best Use of Artificial Intelligence in ‘On Air with Aristocrat’.
- Won DMA Asia CREATEFFECT ‘Silver’ award in ‘Consumer Products & Services’ for ‘Aristocrat – Unpacking a Forgotten Brand to Life’.
- Won Indian Digital Media ‘Gold’ award for Best Digital Direct Response Campaign.
- Won Kyoorius Blue Elephant Award in ‘Use of Social Platforms’ category.
2018
- Won Kyoorius Blue Elephant Award in ‘Use of Social Platforms’ category.
- Won India Design Mark awards for Skybags AER Plus DF & DFT, VIP Centaur DFT, Carlton Duo-Tone, Helium, Dublin.
2019
- Won India Design Mark awards for Carlton Insignia, Regalia, VIP Zenlite, Modulus, Skybags Vulcan Weekender Backpack, Boom DFT.
- Carlton Edge won ‘Best TVC Award’ in consumer durables category by Exchange4Media.
- Won ELSC Leadership Award for Warehouse Innovation.
- Won ‘People Matters Total Rewards Award 2019’ for Best in Driving Culture of Hyper Productivity.
- Won ‘People Matters L&D Award 2019’ for Best in Leadership Transformation.
- Won ‘Economic Times India’s Best Companies to Work For 2019’.
- Won ‘Economic Times India’s Best Workplaces in Manufacturing Award 2019’.
2020
- Won CFBP award in ‘Manufacturing Enterprises – Large’ category for 2019-20.
- Recognized as ‘Bronze’ employer in IWEI Top Employers for 2020.
