VIP Industries
{{Short description|Indian luggage company}}{{More citations needed|date=June 2025}}
{{Use dmy dates|date=June 2025}}
{{Use Indian English|date=June 2025}}
{{Infobox company
| name = VIP Industries Ltd
| logo = VIP Industries.svg
| type = Public
| traded_as = {{plainlist|
- {{BSE|507880}}
- {{NSE|VIPIND}}}}
| genre =
| fate =
| predecessor =
| successor =
| foundation = {{Start date and age|df=yes|1971||}}{{cite web|url=http://www.indiainfoline.com/Research/LeaderSpeak/Mr.-Dilip-G.-Piramal-Chairman-VIP-Industries/19216967 |title=Interview of Mr. Dilip G. Piramal, Chairman, VIP Industries |publisher=Indiainfoline.com |access-date=30 September 2010}}{{cite web|url=http://economictimes.indiatimes.com/infocompanyhistory.cms?companyid=12830&prtpage=1 |title=VIPIND History | VIP Industries Ltd Company History & Profile |work=The Economic Times |access-date=30 September 2010}}
| founder = Dilip Piramal
| defunct =
| location_city = Mumbai, Maharashtra
| location_country = Indiahttp://vipindustries.co.in/vip/Common/UI_Templates/HtmlContainer.aspx?res=P_VIP_CONT {{dead link|date=June 2018}}
| locations =
| area_served = Worldwide
| key_people = {{plainlist| *Dilip G. Piramal
(Chairman)
- Radhika Piramal
(MD){{cite web|author=Maulik Vyas|url=http://economictimes.indiatimes.com/articleshow/5590427.cms |title=Radhika Piramal to shape VIP Ind's future |work=The Economic Times |date=19 February 2010 |access-date=30 September 2010}}}}
| industry = Luggage
| products = {{plainlist|
| services =
| revenue = {{profit}} {{INRConvert|2082|c|lk=on}} (2022–23){{cite web|url=https://www.moneycontrol.com/india/stockpricequote/householdpersonal-products/vipindustries/VIP |title=VIP Industries Ltd. |publisher=moneycontrol.com |access-date=20 August 2023 |last1=Com |first1=Moneycontrol }}
| operating_income =
| net_income =
| aum =
| assets =
| equity =
| owner =
| parent = DG Piramal Group
| divisions =
| subsid = {{plainlist|
- Skybags
- Carlton
- Caprese
- Aristocrat}}
| homepage = {{URL|https://vipindustries.co.in/}}
| footnotes =
}}
VIP Industries is an Indian luggage manufacturing company based in Mumbai, Maharashtra. It manufactures luggage and travel accessories, serving as the world's second-largest, as well as India and Asia's largest luggage manufacturer.{{Cite web|url=https://thetechpanda.com/2018/06/24/some-competition-is-always-good-dilip-piramal-of-vip-industries/|title="Some Competition is Always Good.": Dilip Piramal of VIP Industries|website=thetechpanda.com|date=23 June 2018|access-date=2018-06-27}} 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.{{Cite web |url=http://vipindustries.co.in/vip/Common/UI_Templates/HtmlContainer.aspx?res=P_VIP_ABT_HIS |title=VIP Industries :: About Us :: VIP History |archive-url=https://archive.today/20120716113802/http://vipindustries.co.in/vip/Common/UI_Templates/HtmlContainer.aspx?res=P_VIP_ABT_HIS |archive-date=16 July 2012 |url-status=dead}}{{Cite web|url=https://www.bloomberg.com/research/stocks/people/person.asp?personId=61162593&privcapId=882612|title=v.i.p. industries ltd|publisher=Bloomberg |access-date=2018-10-03}}
History
{{Cleanup|date=June 2025|reason=Milestones needs to be converted to prose|section}}
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.{{Cite web|title=Our History {{!}} VIP Industries|url=http://www.vipindustries.co.in/history.php#:~:text=The%20very%20first%20VIP%20Suitcase,to%20make%20travelling%20simple...|access-date=16 June 2020|website=vipindustries.co.in}} Formerly, the company was known by the name Aristo Plast VIP Industries and it was incorporated in 1968.{{Cite news|title=VIP Industries Company History-Business Standard News {{!}} Page 1|url=https://www.business-standard.com/company/v-i-p-inds-720/information/company-history|access-date=16 June 2020|newspaper=Business Standard India}} 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|2019|03|31}} the company has one Indian and four overseas wholly owned subsidiaries.{{Cite news|title=VIP Industries Company History - Business Standard News {{!}} Page 1|url=https://www.business-standard.com/company/v-i-p-inds-720/information/company-history|access-date=16 June 2020|newspaper=Business Standard India}}
1971 – at Nasik, the company's manufacturing factory was commissioned{{Cite web|title=VIP Inds.:Reports, Company, History, Directors Report, Chairman's Speech, Auditor's Report|url=https://www.ndtv.com/business/stock/vip-industries-ltd_vipind/reports|access-date=17 June 2020|publisher=NDTV}}
1982 – at Jalgaon, a new manufacturing facility was inaugurated.{{Cite web|title=VIP Inds.:Reports, Company, History, Directors Report, Chairman's Speech, Auditor's Report|url=https://www.ndtv.com/business/stock/vip-industries-ltd_vipind/reports|access-date=17 June 2020|publisher=NDTV}}
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.{{Cite web|title=VIP Inds.:Reports, Company, History, Directors Report, Chairman's Speech, Auditor's Report|url=https://www.ndtv.com/business/stock/vip-industries-ltd_vipind/reports|access-date=17 June 2020|publisher=NDTV}}
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
- Rajiv Gandhi National Quality Award – 2003
- Golden Peacock Innovation Award – 2004{{Cite web|title=VIP Inds.: Reports, Company History, Directors Report, Chairman's Speech, Auditor's Report|url=https://www.ndtv.com/business/stock/vip-industries-ltd_vipind/reports|access-date=18 June 2020|publisher=NDTV}}
Brands
The company's brands include:
- Aristocrat
- Alfa
- Caprese
- Carlton
- VIP Bags
- Skybags[https://web.archive.org/web/20191208053940/https://in.reuters.com/finance/stocks/company-profile/VIPI.BO Reuters]
References
{{reflist}}