VIP Industries
 | |
| Company type | Public |
|---|---|
| Industry | Luggage |
| Founded | 1971[1][2] |
| Founder | Dilip Piramal |
| Headquarters | , |
Area served | Worldwide |
Key people |
|
| Products | |
| Revenue |  ₹2,082 crore (US$250 million) (2022-2023)[5] |
Number of employees | 5,000[6] |
| Parent | DG Piramal Group |
| Subsidiaries |
|
| Website | vipindustries.co.in |
VIP Industries is India's largest luggage manufacturing company which manufactures luggage and travel accessories. It is based in Mumbai, Maharashtra, 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. Skybags contributes the largest share (33%) of VIP Industries. It acquired United Kingdom-based luggage brand Carlton in 2004.[8][9]
History
[edit]The history of the company goes back to the year 1970. Since then, the company has recorded a sale of around 10 crore (100 million) 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 owned 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 of 31 March 2019[update] the company has one Indian and four overseas wholly owned subsidiaries.[12]
Milestones
[edit]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 the 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 – the heat-sealing method was introduced. Also, the dual-material dimpled bumper was introduced, allowing for the rough usage of luggage.
1998 – the vertical access feature was launched.
2000 – similarly, other technologies such as the cable lock were also introduced. Soft luggage inside hard luggage i.e. Convipack was introduced by the company.[15]
2002 – the paper frame and handle-locking mechanism were introduced.
2003 – the 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 – four-wheel bag technology was used for the first time in India.
Awards
[edit]- Rajiv Gandhi National Quality Award – 2003
- Golden Peacock Innovation Award – 2004[16]
Brands
[edit]The company's brands include:
- Aristocrat
- Alfa
- Caprese
- Carlton
- VIP Bags
- Skybags[17]
References
[edit]- ^ "Interview of Mr. Dilip G. Piramal, Chairman, VIP Industries". Indiainfoline.com. Retrieved 30 September 2010.
- ^ "VIPIND History | VIP Industries Ltd Company History & Profile". The Economic Times. Retrieved 30 September 2010.
- ^ http://vipindustries.co.in/vip/Common/UI_Templates/HtmlContainer.aspx?res=P_VIP_CONT [dead link]
- ^ Maulik Vyas (19 February 2010). "Radhika Piramal to shape VIP Ind's future". The Economic Times. Retrieved 30 September 2010.
- ^ "VIP Industries Ltd". moneycontrol.com. Retrieved 20 August 2023.
- ^ "VIP Industries Ltd. (882612): Stock Quote & Company Profile". Bloomberg Businessweek. Archived from the original on 6 October 2012. Retrieved 30 September 2010.
- ^ ""Some Competition is Always Good.": Dilip Piramal of VIP Industries". thetechpanda.com. 23 June 2018. Retrieved 27 June 2018.
- ^ "VIP Industries :: About Us :: VIP History". Archived from the original on 16 July 2012.
- ^ "v.i.p. industries ltd". Bloomberg. Retrieved 3 October 2018.
- ^ "Our History | VIP Industries". vipindustries.co.in. Retrieved 16 June 2020.
- ^ "VIP Industries Company History-Business Standard News | Page 1". Business Standard India. Retrieved 16 June 2020.
- ^ "VIP Industries Company History - Business Standard News | Page 1". Business Standard India. Retrieved 16 June 2020.
- ^ "VIP Inds.:Reports, Company, History, Directors Report, Chairman's Speech, Auditor's Report". NDTV. Retrieved 17 June 2020.
- ^ "VIP Inds.:Reports, Company, History, Directors Report, Chairman's Speech, Auditor's Report". NDTV. Retrieved 17 June 2020.
- ^ "VIP Inds.:Reports, Company, History, Directors Report, Chairman's Speech, Auditor's Report". NDTV. Retrieved 17 June 2020.
- ^ "VIP Inds.: Reports, Company History, Directors Report, Chairman's Speech, Auditor's Report". NDTV. Retrieved 18 June 2020.
- ^ Reuters