VIP Industries

VIP Industries Ltd, is an Indian luggage Manufacturer company which manufactures luggage and travel accessories. It is based in Mumbai, India and is the world's second largest and Asia's largest luggage maker.[7] The company has more than 8,000 retail outlets across India and a network of retailers in 50 countries. It acquired United Kingdom based luggage brand Carlton in 2004.[8][9]

VIP Industries Ltd
Public
Traded asBSE: 507880
NSE: VIPIND
IndustryLuggage
Founded1971[1][2]
FounderAjay Piramal
Headquarters
Mumbai
,
India[3]
Area served
Worldwide
Key people
Dilip G. Piramal, Chairman & Radhika Piramal, MD[4]
Products
Revenue ₹6,368.0 million (US$89 million) (2009-2010)[5]
Number of employees
2000[6]
ParentDG Piramal Group
Websitewww.vipindustries.co.in

History

The history of the company goes back to the year 1971. Since then, the company has recorded a sale of around 100 million pieces pieces of luggage worldwide.[10]Formerly, the company was known by the name Aristo Plast VIP Industries and it was incorporated in 1968.[11] The Company consisted of two wholly own subsidiary companies,namely Blow Plast Retail Limited V.I.P Industries Bangladesh Private Limited V.I.P Industries BD Manufacturing Private Limited and V.I.P Luggage BD Private Limited.As on 31st March 2019 the Company has 1 Indian and 4 overseas wholly owned Subsidiaries.[12]

Milestones

1971 - At Nasik, the company's manufacturing factory was commissioned[13]

1982- At Jalgaon, a new manufacturing facility was inaugurated.[14]

1983- Introduction of new technology, known as NR mechanism, which kept the bags closed in an upside down position.

1986- Set up of a new manufacturing unit at Nagpur and introduction of a padded handle on the bags.

1989- The company introduced a new brand by the name "Alfa".

The dual action lock was introduced in the bags.

1993- At Sinnar a new manufacturing facility was set up.

1995- Heat Sealing Method was introduced. Also, Dual Material DImpled Bumper was introduced, for allowing the rough usage of luugage.

1998- Vertical Access Feature was launched.

2000- . Similarly other technologies such as cable lock was also introduced. Soft luggage inside a hard luggage i.e know as Convipack was introduced by the company.[15]

2002- Paper frame and handle locking mechanism was introduced.

2003- FM radio in the luggage category was launched.

2004- The company acquired Carlton and extended its presence in the global market to around 65 countries.

2011- The four wheel bag technology was used for the first time in India.

Awards

Rajiv Gandhi National Quality Award - 2003

Golden Peacock Innovation Award - 2004[16]


Brands

The company’s brands include:

  • Aristocrat
  • Alfa
  • Caprese
  • Carlton
  • VIP Bags
  • Skybags[17]
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References
  1. "Interview of Mr. Dilip G. Piramal, Chairman, VIP Industries". Indiainfoline.com. Retrieved 30 September 2010.
  2. "VIPIND History | VIP Industries Ltd Company History & Profile". The Economic Times. Retrieved 30 September 2010.
  3. http://vipindustries.co.in/vip/Common/UI_Templates/HtmlContainer.aspx?res=P_VIP_CONT
  4. 19 Feb 2010, 10.33AM IST, Maulik Vyas,ET Bureau (19 February 2010). "Radhika Piramal to shape VIP Ind's future - The Economic Times". The Economic Times. Retrieved 30 September 2010.CS1 maint: multiple names: authors list (link)
  5. "BSE Plus". Bseindia.com. Retrieved 30 September 2010.
  6. "VIP Industries Ltd. (882612): Stock Quote & Company Profile - BusinessWeek". Bloomberg BusinessWeek. Retrieved 30 September 2010.
  7. ""Some Competition is Always Good.": Dilip Piramal of VIP Industries". thetechpanda.com. Retrieved 27 June 2018.
  8. http://vipindustries.co.in/vip/Common/UI_Templates/HtmlContainer.aspx?res=P_VIP_ABT_HIS%5B%5D
  9. "v.i.p. industries ltd". www.bloomberg.com. Retrieved 3 October 2018.
  10. "Our History | VIP Industries". vipindustries.co.in. Retrieved 16 June 2020.
  11. "VIP Industries Company History-Business Standard News | Page 1". business-standard.com. Retrieved 16 June 2020.
  12. "VIP Industries Company History - Business Standard News | Page 1". business-standard.com. Retrieved 16 June 2020.
  13. "VIP Inds.:Reports, Company,History,Directors Report,Chairman's Speech, Auditor's Report". ndtv.com. Retrieved 17 June 2020.
  14. "VIP Inds.:Reports, Company,History,Directors Report,Chairman's Speech, Auditor's Report". ndtv.com. Retrieved 17 June 2020.
  15. "VIP Inds.:Reports, Company,History,Directors Report,Chairman's Speech, Auditor's Report". ndtv.com. Retrieved 17 June 2020.
  16. "VIP Inds.: Reports, Company History, Directors Report, Chairman's Speech , Auditor's Report". ndtv.com. Retrieved 18 June 2020.
  17. https://in.reuters.com/finance/stocks/company-profile/VIPI.BO
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