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Vardhman is one of the largest vertically integrated textile manufacturers in India producing yarn and fabrics for both tops and bottoms in the apparel segment, serving large businesses across USA, Europe, Asia and several other emerging markets. With a turnover of more than a billion dollars, we produce 2,40,000 metric tons of yarn, weave over 180 million metres of fabric every year and provide direct employment to over 28,000 people.

At Vardhman, it has been our consistent endeavour, for over five decades, to enhance the positive impacts of our textile operations as much as possible. Sustainability is not a fad for us, rather it is an ongoing journey towards holistic excellence, and the sustainability mind-set is deeply embedded across our organisation from boardroom to shop floor.

With a turnover of more than a billion dollars, Vardhman is India's largest vertically integrated textile manufacturers, annually producing 2,40,000 metric tons of yarn & 180 million metres of processed fabric besides providing direct employment to over 30,000 people. If there is one thing that has anchored Vardhman’s growth through five decades of ever evolving, complex, cyclical, and often disruptive business environment, it is the unwavering pursuit of excellence.

We are of a firm belief that all our actions must dovetail into making us a responsible organisation that empowers all sections of society including farmers and employees. To ensure that this strong belief continues to be translated into action, even in the emerging, fast-paced and dynamic business environment, we have rolled out our sustainability framework – PRO, which stands for Proactively Responsible Organisation.

CSR is a hard-edged business decision as is deeply enshrined in the vision and value system of Vardhman. Being one of the leading organization, we understand our responsibility towards the community and have been making sincere efforts to improve the lives of those in vulnerable socioeconomic groups. It is our constant endeavor to maximize the positive impacts of our activities by undertaking initiatives with the same level of dedication and meticulous efforts as we do to our business objectives.

This issue provides a platform for employees to share their stories of the value they have added to the company or to their personal lives in 2023, whether through big or small contributions, and to celebrate their individual and collective achievements throughout the year. This theme serves as a testament to the diverse and significant ways we have contributed to the company and ourselves in 2023. As we wrap up another incredible year, it's time to reflect on the remarkable journey we've taken together. We've seen growth, we've faced challenges, and we've achieved numerous milestones. It's a

Embrace, Evolve, Excel encapsulates the essence of personal and professional growth, encouraging us to embrace new possibilities, evolve with changing times, and strive for excellence in all endeavors. The path to personal and professional growth is an exciting journey, filled with opportunities to embrace change, evolve, and excel. Embracing change allows us to adapt to the ever-shifting landscape of our lives. Continuous evolution keeps us on the path of self-improvement, and excelling in our passions brings deep satisfaction and fulfilment.

"Better than before" encapsulates the notion of surpassing previous standards, capabilities, and conditions. It signifies a marked improvement in various aspects of an individual, organization, or society, reflecting advancements in performance, resilience, adaptability, and overall well-being. This concept encompasses the idea of not just returning to a previous state, but of transcending it through learning from experiences, embracing change, and leveraging challenges as opportunities for growth, ultimately leading to a higher level of achievement and progress.

At Vardhman, self managing leadership is embedded within the very fabric of our corporate culture. We believe that fostering an environment of self-managing leadership not only empowers individual employees but also propels the entire organization towards innovation and success. At every level, from entry positions to senior management, we encourage our team members to take ownership of their roles, make informed decisions, and collaborate seamlessly across departments.

At Vardhman, Sustainability is an integral parameter of all the business decisions, from ethical sourcing of raw material to reducing, reusing and recycling waste; from reducing consumption of freshwater to rejuvenating its sources and from decoupling growth from black energy to eliminating hazardous chemicals. This issue of ‘We’ covers a wide range of topics from energy conservation to waste management. Hope you will find it informative, inspiring, and motivating to make some changes in your life to help create a sustainable future for all of us.

At Vardhman we have always ensured change follows a top-down cycle, penetrating all levels from the boardroom to the shop floor. We have remained consistent with change and up-gradation, as much as it looks like a routine process at the organization. It is crucial to do so since an absence of change means stagnation which is not desirable for any institution.

At Vardhman, we are constantly working towards and aspiring to master the art of operational excellence by design. What we mean by "Design" is operating within our business methodology. To that end, we have specified our objectives in terms of SMART goals; measured and quantified Key Performance Indicators, unique to our organization. This issue of ‘WE’ Magazine is primarily focused on the theme ‘Operational Excellence’ which covers information on essential tactics for effectively implementing it as well as how Vardhman is continuously paving its way to achieve ‘Operational Excellence.’

CUSTOMER FOCUS IN A DIGITAL WOLD At Vardhman, we have brought in revolutionary measures to keep churning the engine of the economy while keeping our people safe. Technology has come to the aid and we are trying to make the most of it. However, it would be worthwhile to look out for the changes that we have made, the journey so far with the advent of digitalization which was accelerated by the onset of a worldwide crisis. This issue of WE focuses on throwing some light on our emphasis on Customer Focus, how it has changed for good and what more we are eying upon.