|The company has been promoted by Mr.Kapil Jain.
Vardhman Steels Limited was originally incorporated as a Private Limited Company as on 5th December, 1984 with the Registrar of Companies Delhi and Haryana at Delhi. Subsequently, on 1.7.1989, the company became a deemed Limited company and sebsequently shareholdrs of the company passed a special resolution dated 10th April, 1992 for deleting the restriction clause under section 3(1)(iii) of the Companies Act, 1956 and as such the company became Public Limited Company within the meaning of section 3(1)(iv) of the Companies Act, 1956.
Initially, the company commenced manufacturing Steel Ingots by installing one medium frequency induction furnace of 2.5 MT capacity in January, 1986. During the year 1987-88 the company installed another medium frequency induction furnace of 3.00 M.T. capacity. The total installed capacity of the company after the installation of second induction furnace, is 16,500 MT per annum. In 1992-92, the company started galvanising of ERW Steel Pipes by installing one galvanising plant having capacity of 14,400 MT p.a.
2002-Vikram Jain appointed as Whole Time Director of Vardhman Industries.
- The Company has entered into an Agreement with Zoom Developers (P) Ltd, Mumbai for sale / transfer through scheme of Arrangement of Steel Melting Shop & Continuous Casting Shop and Power Plant at village Dugdha Ghamaria, Saraikella Kharsawan, Jamshedpur in Jharkhand state in a special purpose vehicle (SPV) Company in joint venture on the mutually agreed terms and conditions.
- Vallabh Tinplate Private Limited, Subsidiary of the Company has setup second largest integrated manufacturing facility of Tinplate and Tin Mill Black Plate in the State of Punjab with a capacity of 1,00,000 TPA.
- Vardhman Industries Ltd has recommended dividend @ 10% (Re. 1.00 per share)
- The Company has Changed its Registered Office to the following address Vardhman Industries Limited Flat no. 1309, 13th Floor, Vikram Tower, Rajendra Place, New Delhi- 110008 Tel No- 011 - 25743060 Fax No- 011 - 23742403.