- CEO
- Adi Fredoon Madan
- Full Time Employees
- 147
- Sector
- Consumer non-durables
- Industry
- Apparel/Footwear
- Address
- 74, Bajaj Bhavan Mumbai MA India 400021
- IPO Date
- Mar 27, 1995
- Business
- Virat Industries Limited manufactures and exports cotton knitted dress and sports socks for men, ladies and children, utilizing computerized electronic knitting machines by Lonati and Matec; core products encompass combed cotton, viscose, wool, organic cotton, acrylic, cashmere, coolmax, marl yarn, silk and special yarn socks, alongside artisanal styles, fancy striped, fury edition, printed floral, winter casual, striped running, ankle length and chunky organic wool variants, including football socks for European clubs. The company, incorporated in 1990 and headquartered at 74 Bajaj Bhavan, 226 Rajani Patel Marg, Mumbai, India, operates a manufacturing facility in the GIDC Industrial Estate at Kabilpore, Navsari, Gujarat, with primary focus on the apparel segment targeting export markets in the United Kingdom, Switzerland, United Arab Emirates and other international destinations. In September 2024, Virat Industries announced a private placement to issue 9.6 million equity shares at INR 104 apiece, expecting to raise INR 998.4 million from new investor Bhavook Chandraprakash Tripathi and others, subject to shareholder approval at an October 2024 general meeting; recent board additions in 2024 include independent directors Chintamani D. Thatte, Dashrath B. Pawaskar and Vaibhav P. Mandhana, strengthening governance amid operational shifts including a prior corporate head office relocation to Mumbai's Nariman Point.