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VardhmanAppliances Limited

Vardhman Appliances Limited / Since 1983

AboutVardhman.

Manufacturing plants
5
Manufacturing space
400,000+Sq. Ft.
SKUs
1,200+

Our story

We are a leading vertically integrated Electronics Manufacturing Services company providing OEM and ODM solutions across fast- moving electrical goods, including fans, kitchen appliances, home comfort appliances, and components, to leading national and international consumer appliance brands in India. In addition to our EMS operations, we have established a consumer-facing presence which markets a range of consumer electrical and domestic appliances under the “Lazer” brand. Our capabilities span product conceptualisation, design and development, sourcing, manufacturing, quality assurance, packaging, marketing, distribution, delivery and after-sales services. Our presence across multiple product categories enables us to address diverse customer requirements and cater to a broad range of product applications within the domestic appliances market.

Leadership

Our leaders

Meet the Board of Directors and Key Managerial Personnel of Vardhman Appliances Limited.

Portrait of Mr. Parmod Kumar Jain

Leadership

Mr. Parmod Kumar Jain

Chairman, Managing Director and Promoter

He holds a bachelor’s degree in textiles (technology) from the Technological Institute of Textiles, Maharshi Dayanand University, Rohtak. He was a partner in M/s Vardhman Electrical Appliances, the erstwhile partnership firm, from March 21, 1983. Following its conversion into a public limited company, he was appointed one of the Company’s first directors and its Managing Director. He has more than 43 years of experience in the domestic appliances industry and has been associated with the Company since its inception.

Board of Directors and Promoters

01 / 02
  • Portrait of Mr. Piyush Jain

    Mr. Piyush Jain

    Joint Managing Director and Promoter

    Brings technical and management expertise to the business.

  • Portrait of Mr. Sambhav Jain

    Mr. Sambhav Jain

    Executive Director and Promoter

    Combines engineering and management experience.

  • Portrait of Mr. Vineet Jain

    Mr. Vineet Jain

    Executive Director and Promoter

    Focuses on identifying and expanding product categories.

  • Portrait of Mr. Siddharth Jain

    Mr. Siddharth Jain

    Executive Director and Promoter

    Oversees backward integration and manufacturing support.

  • Portrait of Mr. Mamraj Agarwal

    Mr. Mamraj Agarwal

    Independent Director

    Chairs the Audit Committee.

  • Portrait of Ms. Apeksha Lodha

    Ms. Apeksha Lodha

    Independent Director

    Chairs the Nomination and Remuneration Committee.

  • Portrait of Mr. Pradyumna Narendranath Poddar

    Mr. Pradyumna Narendranath Poddar

    Independent Director

    Chairs the Stakeholders Relationship Committee.

  • Portrait of Mr. Mukesh Gupta

    Mr. Mukesh Gupta

    Independent Director

    Serves on the Board’s audit and governance committees.

  • Portrait of Mr. Suresh Jain

    Mr. Suresh Jain

    Independent Director

    Serves on the Stakeholders Relationship Committee.

  • Portrait of Mr. Vinod Kumar Jain

    Mr. Vinod Kumar Jain

    President – Appliances and Promoter

    Promoter of the company; leads the appliances business.

  • Portrait of Mr. Subodh Kumar Jain

    Mr. Subodh Kumar Jain

    President – Fans and Promoter

    Promoter of the company; leads the fans business.

  • Portrait of Mr. Akhil Jain

    Mr. Akhil Jain

    Director, Lazer India and Promoter

    Promoter of the company and Director of Lazer India.

Key Managerial Personnel

02 / 02
  • Portrait of Mr. Praveen Jain

    Mr. Praveen Jain

    Chief Financial Officer

    Oversees finance and accounts.

  • Portrait of Mr. Saurabh Kumar Mishra

    Mr. Saurabh Kumar Mishra

    Company Secretary and Compliance Officer

    Leads secretarial and compliance matters.

Vision

Vision

To be acknowledged as an industry leader that provides best electrical solutions to achieve the highest level of customer satisfaction by consistently developing innovative products and delivering quality to customers at the most competitive price.

Mission

Mission

To achieve our vision through ethical business practices, satisfied customers and long-term relationships with all our associates and teams.

Values

Values

  • Business with Integrity
  • Excellence in product
  • Respect for the individual and environment
  • Set and uphold a high performance culture

Excellence

Pillars of excellence

  • EMS Capabilities

    Diversified EMS capabilities with an established presence across institutional and consumer-facing channels.

  • Brand Relationships

    Longstanding relationships with leading Consumer Appliance Brands.

  • Product Portfolio

    Diversified product portfolio across multiple appliance categories.

  • In-House Design

    In-house design and product development capabilities supporting product innovation and customisation.

  • Manufacturing Scale

    Scalable manufacturing infrastructure supported by vertically integrated capabilities.

  • Supplier Network

    Established supplier network and quality-focused manufacturing capabilities.

  • Experienced Promoters

    Experienced promoters and management team, having domain knowledge.

Milestones

Our journey

  1. 1980s

    1 milestone

    1. 1983

      • Constitution of the erstwhile partnership firm under the name ‘Vardhman Electrical Appliances’ and commencement of business operations involving manufacture of electric fans and allied electrical products.

  2. 2010s

    4 milestones

    1. 2010

      • Commenced commercial production of electric irons, pumps, heat convectors, heating elements, juicer mixer grinders, sandwich toasters, fans, immersion rods, thermostat, water guards and water heaters at the Baddi Unit-I.

    2. 2011

      • Received a certificate from Bureau of Indian Standards for registering electric room heaters, electric radiators (radiant heaters) (400/800W, 230V, 50Hz AC) under IS 302: Part 2: Section 30:2007.

    3. 2014

      • Established a manufacturing facility at plot number 118, Sector 53, Phase-V, HSIIDC, Kundli Industrial Area, Sonipat – 131 028, Haryana, India and commenced commercial production of electric fans and appliances.

    4. 2019

      • Received a certificate from Bureau of Indian Standards for registering domestic electric food mixers (liquidizer grinder and centrifugal juicer) under IS 4250:1980.

  3. 2020s

    4 milestones

    1. 2020

      • Established a manufacturing unit at plot number 115, Sector 53, Phase-V, HSIIDC, Kundli Industrial Area, Sonipat – 131 028, Haryana, India, for manufacturing home comfort and kitchen appliances.

    2. 2023

      • Conversion of the partnership firm into a public limited company under the name ‘Vardhman Appliances Limited’.

    3. 2024

      • Commenced commercial production at Kundli Unit-I with the manufacture of cut-outs and heating elements.
      • Acquired the entire business of manufacturing electrical home and kitchen appliances from M/s. Quality Industries on a going-concern basis, pursuant to the BTA.
      • Acquired certain identified assets forming part of the business operations of Vardhman Home Appliances Limited, pursuant to the Asset Sale Agreement.
      • Acquired 100% of the equity share capital of Lazer India Private Limited, thereby making it our wholly-owned subsidiary.
      • Received a certificate from Bureau of Indian Standards for registering toasters, grills, waffle irons, roasters and similar appliances under IS 302 (Part 2/Section 9):2009.
      • Received a certificate from Bureau of Indian Standards for registering electric kettles and jugs for household and similar use under IS 367:1993.

    4. 2025

      • Commenced commercial sales of room heaters and convector heaters from Kundli Unit-II.
      • Received a certificate from Bureau of Indian Standards for registering hotplate (2200W, 230V and 50 Hz) under IS 302: Part 2: Section 9:2009.
      • Received a certificate from Bureau of Indian Standards for registering electrical fans (34W, 36W and 38W, 230V and 50 Hz) under IS 302: Part 2: SEC 80:2017.
      • Received a certificate from Bureau of Indian Standards for registering domestic gas stoves for use with liquified petroleum gas under IS: 4246:2002.

Our brand:

Lazer, Simplify Living

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