Vardhman Polytex Limited (VPL) was originally promoted by Mohta Group and PSIDC under the name & style, M/s Punjab Mohta Polytex Limited. In 1987, Mahavir Spinning Mills Limited has taken over the Management of the Company and the said company becomes the subsidiary of MSML. After the family settlement, in Jan’03 The Company is ushering under the newly formed Oswal group. As of today, the spindlage of the company stands at 1,95,168 nos. The Company is having its plants at Bathinda, Ludhiana & Nalagarh.