Vardhman is a renowned premier consumer appliances maker under ‘Lazer’ brand with top line of Rs.1,000 crores.
MUMBAI, June 25 (The CONNECT) – Delhi-based Vardhman Appliances Limited today confirmed the closure of a Pre-IPO placement round with India Inflection Opportunity Fund picking up approximately 5% stake in the Company for an undisclosed amount.
Vardhman is a renowned premier consumer appliances maker with top line of Rs.1,000 crores recording CAGR of 18% over Fiscals 2021 to 2024. The Company had robust return on equity of 28% and return on capital employed of 34% with fixed asset turnover of 14.6x
The Company has 5 state of the art manufacturing facilities in Kundli (Haryana) and Baddi (Himachal Pradesh).
Parmod Kumar Jain, promoter and Chairman of Vardhman, said, said “Our vision is to tackle real-time problems with top-quality products that make a difference. Every day, we embrace new ideas and seek continuous improvement, supported by a team of dedicated professionals. We are committed to delighting our customers and building lasting relationships with our partners and team members. By upholding the highest ethical standards and focusing on customer satisfaction, we drive collective success and create long-term value for everyone involved”
The Group markets and sells its products under its own brand “Lazer” whose footprint spans across 20 states with 8 branch offices, offering a diverse portfolio of over 200 SKUs. The brand’s success is further bolstered by its seamless supply chain and a meticulously organized Pan-India distribution network, featuring over 1000 distributors and dealers, as well as 15,000 retailers, online platform and institution sales.
The brand is backed up by strong service franchise network spread over 300 locations.
Madhu Lunawat, CIO of India Inflection Opportunity Fund said, “United, we can foster a thriving and resilient environment, paving the way for new opportunities and sustainable growth. With exceptional execution capabilities, supported by a professional team with a clear vision and strong leadership, we recognize significant growth prospects in Vardhman.”
IIOF has established itself as a prominent fund house in the mid-market sector. The fund invests in the assets backed profitable companies at growth stage. The fund avoids environmentally irresponsible business.
