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V I P INDUSTRIES LIMITED

www.vipbags.com
Active
Updated: 27 Oct 2025

The company manufactures molded luggage, soft luggage and ABS luggage.

V I P Industries Limited, is a listed public company incorporated on 27 January, 1968. It is classified as a public limited company and is located in , Maharashtra. It's authorized share capital is INR 49.40 cr and the total paid-up capital is INR 28.41 cr.

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Subscription Plans
Industry and products
Manufacturing (Metals & Chemicals and their products)
  • Backpags, Duffels, Business Bags, Vanity Cases., Luggage, Suitcase, Briefcase
Company size
Auth Capital
₹ 49.4 Cr
Paidup Capital
₹ 28.4 Cr
Revenue
₹ 2000-2250 cr
# Key metrics of V I P Industries Limited - All rupee values in INR crores. Based on March 2024 numbers. | Metric | Value | Change | |---|---|---| | Auth Capital | ₹ 49.4 Cr | | | Paidup Capital | ₹ 28.4 Cr | | | Revenue | ₹ 2000-2250 cr | | | Total Revenue | Details available with Tofler Pro subscription | 6.15% | | EBITDA | Details available with Tofler Pro subscription | -28.24% | | Net Profit | Details available with Tofler Pro subscription | -82.59% | | Networth | Details available with Tofler Pro subscription | 1.6% | | Borrowings | Details available with Tofler Pro subscription | 217.97% | | Assets | Details available with Tofler Pro subscription | 48.98% | | Gross Margin | Details available with Tofler Pro subscription | 2.9 | | Operating Margin | Details available with Tofler Pro subscription | -3.04 | | Net Profit Margin | Details available with Tofler Pro subscription | -6.4 | | Return on Equity | Details available with Tofler Pro subscription | -21.97 | | ROCE | Details available with Tofler Pro subscription | -13.5 | | Debt to Equity | Details available with Tofler Pro subscription | 0.48 |
Key Metrics

** All rupee values in INR crores.

Total Revenue
6.15%
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EBITDA
-28.24%
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Net Profit
-82.59%
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Networth
1.6%
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Borrowings
217.97%
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Assets
48.98%
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Gross Margin
2.9
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Operating Margin
-3.04
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Net Profit Margin
-6.4
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Return on Equity
-21.97
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ROCE
-13.5
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Debt to Equity
0.48
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Sales
Mar 2024
Net worth
Mar 2024

Locations

indian flag India (154)
State Type Address

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People

Designation Name DIN/PAN Tenure
Director Tushar Kumudrai Jani 00192621 7 years
Additional Director Atul Jain 07434943 0 years
Additional Director Shalini Dilip Piramal 01365328 0 years
Additional Director Rajendra Vishwanath Agarwal 00227233 0 years
Additional Director Renuka Ramnath 00147182 0 years
Additional Director Sridhar Sankararaman 06794418 0 years
Director Payal Swapnil Kothari 09148432 1 years
Director Suresh Inderchand Surana 00009757 2 years

Financial Highlights

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Margins

Gross margin
Operating margin
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Balance Sheet

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Total assets

Charges on assets

Bank wise
Charges
1

Kotak Mahindra Bank Limited

No. of Loans: 1

Total Amount : 150.0 cr

2

Axis Bank Limited

No. of Loans: 5

Total Amount : 107.2 cr

3

The Hongkong and Shanghai Banking Corporation Limited

No. of Loans: 1

Total Amount : 75.0 cr

4

IndusInd Bank Limited

No. of Loans: 1

Total Amount : 50.0 cr

5

The Federal Bank Limited

No. of Loans: 1

Total Amount : 50.0 cr

6

Yes Bank Limited

No. of Loans: 1

Total Amount : 39.0 cr

7

Qatar National Bank

No. of Loans: 1

Total Amount : 20.0 cr

8

State Bank of Patiala

No. of Loans: 2

Total Amount : 20.0 cr

9

COMMERZBANK

No. of Loans: 1

Total Amount : 10.0 cr

10

IDBI Limited

No. of Loans: 1

Total Amount : 6.8 cr

11

INDUSTRIAL INVESTMENT BANK OF INDIA LTD

No. of Loans: 1

Total Amount : 5.0 cr

12

The Sarawat Co-operative Bank Limited

No. of Loans: 3

Total Amount : 2.4 cr

13

IFCI Limited

No. of Loans: 1

Total Amount : 2.1 cr

14

THE INDUSTRIAL CREDIT & INVESTMENT COPRN OF INDIA LTD

No. of Loans: 1

Total Amount : 1.9 cr

15

THE INDUSTRIAL CREDIT & INVESTMENT CORPN OF INDIA LTD

No. of Loans: 3

Total Amount : 1.6 cr

16

Bank of India

No. of Loans: 2

Total Amount : 1.2 cr

17

ICICI Bank Limited

No. of Loans: 3

Total Amount : 0.8 cr

18

Allahabad Bank

No. of Loans: 2

Total Amount : 0.8 cr

19

THE INDUSTRILA CREDIT & INVESTMENT CORPN OF INDIA LTD

No. of Loans: 1

Total Amount : 0.8 cr

20

HOUSING DEVELOPMENT FINANCE CORPN LTD

No. of Loans: 1

Total Amount : 0.5 cr

21

THE MAH. STATE FINANCIAL CORPN

No. of Loans: 1

Total Amount : 0.2 cr

22

SANGLI BANK LTD

No. of Loans: 1

Total Amount : 0.2 cr

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Charges

Kotak Mahindra Bank Limited
Axis Bank Limited
The Hongkong and Shanghai Banking Corporation Limited
IndusInd Bank Limited
Others

Company Network

Companies connected through Directors

Name Status Paid up Capital Common Directors Address
JAI MATA TRADEPLACE PRIVATE LIMITED
Active
12.8 Cr 1 Maharashtra
RAMESH GOENKA FOUNDATION
Under Liquidation
5.0 L 1 Maharashtra
SURESH SURANA & ASSOCIATES LLP
Active
50,000.0 1 Maharashtra
MULTIPLES ARC PRIVATE LIMITED
Strike Off
1.0 L 1 Maharashtra
CINEMAX INDIA LIMITED
Amalgamated
14.0 Cr 1 Delhi
MULTIPLES ASSET MANAGEMENT IFSC PRIVATE LIMITED
Converted to LLP
4.8 Cr 1 Gujarat
MULTIPLES EQUITY FUND TRUSTEE PRIVATE LIMITED
Active
41.7 L 1 Maharashtra
MULTIPLES GOOD FAITH FOUNDATION
Active
10.0 L 1 Delhi
SHRI NATH G CORPORATE MANAGEMENT SERVICES LLP
Active
10.0 L 1 Maharashtra
MAAM Advisor IV LLP
Active
45.0 Cr 1 Maharashtra
MULTIPLES PRIVATE EQUITY FUND II LLP
Active
356.4 Cr 1 Delhi
MULTIPLES ASSET MANAGEMENT IFSC LLP
Active
4.8 Cr 1 ja
QBURST TECHNOLOGIES PRIVATE LIMITED
Active
9.4 Cr 1 Kerala
VASTU HOUSING FINANCE CORPORATION LIMITED
Active
689.3 Cr 1 Maharashtra
SVATANTRA MICROFIN PRIVATE LIMITED
Active
626.9 Cr 1 Maharashtra
TV18 BROADCAST LIMITED
Amalgamated
342.9 Cr 1 Maharashtra
MULTIPLES ALTERNATE ASSET MANAGEMENT PRIVATE LIMITED
Active
99.0 L 1 Maharashtra
QBURST SOFTWARE SERVICES PRIVATE LIMITED
Active
3.5 Cr 1 Kerala
TI CLEAN MOBILITY PRIVATE LIMITED
Active
2,690.0 Cr 1 Tamil Nadu
NETWORK18 MEDIA & INVESTMENTS LIMITED
Active
771.0 Cr 1 Maharashtra
ZENEX ANIMAL HEALTH INDIA PRIVATE LIMITED
Active
2,513.1 Cr 1 Gujarat
PVR INOX LIMITED
Active
98.2 Cr 1 Maharashtra
VASE (INDIA) PRIVATE LIMITED
Strike Off
1.0 L 1 Maharashtra
RITU FREIGHT AND TRANSPORT SERVICES PVT LTD
Active
1.0 L 1 Maharashtra
BLUE SEA SHIPPING AGENCY PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
SCMOOTH (INDIA) PRIVATE LIMITED
Active
5.0 L 1 Telangana
TRANSMART (INDIA) PRIVATE LIMITED
Active
10.0 Cr 1 Maharashtra
CARGO SERVICE CENTER SKILL & TRAINING ACADEMY PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
CARGO SERVICE CENTER INDIA PRIVATE LIMITED
Active
3.8 Cr 1 Maharashtra
SPAN DESIGN & SOLUTION SERVICE PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
BIGSPACE REALTY PRIVATE LIMITED
Converted to LLP
10.0 L 1 Maharashtra
CSC DRONE AVIATION INDIA PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
JANI-SCA RESEARCH AND DEVELOPMENT PRIVATE LIMITED
Active
1.0 L 1 Maharashtra
JANI-IEF ENTREPRENEURSHIP FOUNDATION
Active
1.0 L 1 Maharashtra
T K AVIATION SERVICE LLP
Active
10,000.0 1 Maharashtra
DELHI CARGO SERVICE CENTER PRIVATE LIMITED
Active
31.8 Cr 1 Delhi
MUMBAI CARGO SERVICE CENTER AIRPORT PRIVATE LIMITED
Active
6.0 Cr 1 Maharashtra
ALBATROSS LOGISTICS CENTRE (INDIA) PRIVATE LIMITED
Active
2.0 L 1 Maharashtra
BLUE DART AVIATION LIMITED
Active
24.0 Cr 1 Maharashtra
MUMBAI CARGO SERVICE CENTER COLD CHAIN SOLUTIONS PRIVATE LIMITED
Active
4.7 Cr 1 Maharashtra
GENCREST PRIVATE LIMITED
Active
25.0 Cr 1 Maharashtra
NEO STRETCH PRIVATE LIMITED
Active
30.0 Cr 1 Maharashtra
OCM FLOORING PRIVATE LIMITED
Active
10.0 L 1 Maharashtra
GR & SM INDUSTRIES LLP
Active
10.0 Cr 1 Maharashtra
ASRR REALTY LLP
Active
1.0 Cr 1 Maharashtra
DONEAR INDUSTRIES LIMITED
Active
10.4 Cr 1 Maharashtra
GAZELLE TRAVELS PRIVATE LIMITED
Active
20.0 L 1 Maharashtra
DGP SECURITIES LIMITED
Active
2.5 Cr 1
D G P CAPITAL MANAGEMENT LIMITED
Amalgamated
87.0 L 1
PIRAMAL VIBHUTI INVESTMENTS LIMITED
Active
2.4 Cr 1
DGP ENTERPRISES PRIVATE LIMITED
Active
1.4 L 1
KEMP AND COMPANY LIMITED
Active
1.1 Cr 1 Maharashtra
KIDDY PLAST LIMITED
Active
3.9 Cr 1 Maharashtra
ALCON FINANCE AND INVESTMENTS LIMITED
Active
4.3 Cr 1 Maharashtra
GENIEMODE GLOBAL PRIVATE LIMITED
Active
15.3 L 1 Delhi
DELIGHTFUL GOURMET PRIVATE LIMITED
Active
110.6 Cr 1 Karnataka
GHANIJI CONSULTANTS PRIVATE LIMITED
Active
1.5 Cr 1 Delhi

Subsidiary Companies

Name State / Country Incorporation Year Paidup Capital
VIP Industries Bangladesh Private Limited Bangladesh - -
VIP Industries BD Manufacturing Private Limited Bangladesh - -
VIP Luggage BD Private Limited Bangladesh - -
VIP Accessories BD Private Limited Bangladesh - -
BLOW PLAST RETAIL LIMITED 2007 ₹ 5.0 L
VIP Industries BD Manufacturing Private Limited Bangladesh - -

Tofler Score

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Risk

Severe Risk
  • No risks identified
Moderate Risk
  • No risks identified
Low Risk
  • No risks identified
About Tofler Score
Tofler Score measures the quality of performance and integrity of a company. It is dependent on three key factors - Sustainability, Governance, and Growth.

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Peers / Similar Companies

Safari Industries (India) Limited Maharashtra
Samsonite South Asia Private Limited Maharashtra
Apache Footwear India Pvt Ltd Andhra Pradesh
Wildcraft India Limited Karnataka

Peers

Registered Details

CIN

L25200MH1968PLC013914

PAN

AAACV0177G

Incorporation

1968, 57.8 years

Company Email

legal-sec@vipbags.com

Paid up Capital

₹ 28.4 Cr

Authorised Capital

₹ 49.4 Cr

AGM

Sep 2025

Type

Public
Others

FAQ - V I P INDUSTRIES LIMITED

What is the incorporation date of V I P INDUSTRIES LIMITED?

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The incorporation date of V I P INDUSTRIES LIMITED is 27 January, 1968

What is the authorized share capital of V I P INDUSTRIES LIMITED?

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The authorized share capital of V I P INDUSTRIES LIMITED is INR ₹ 49.4 Cr.

What is the paid-up capital of V I P INDUSTRIES LIMITED?

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The paid-up capital of V I P INDUSTRIES LIMITED is INR ₹ 28.4 Cr.

What is the registered address of V I P INDUSTRIES LIMITED?

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The registered address of V I P INDUSTRIES LIMITED is 5th Floor, DGP House, 88 C, Old Prabhadevi Road, Mumbai City, Mumbai, Maharashtra, India, 400025 - 400025

What is the CIN number of V I P INDUSTRIES LIMITED?

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The CIN number of V I P INDUSTRIES LIMITED is L25200MH1968PLC013914.

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