Vinay Thadani is the new CEO
Vishal Fabrics Limited (VFL) is a denim manufacturing and fabric processing unit incorporated in 1985. A part of the renowned Chiripal Group, the company leverages over 3 decades of experience to provide unmatched products to a diverse clientele.
The company constantly strives to improve its manufacturing facilities and aims to develop India’s leading dyeing, printing, and processing units. Its state-of-the-art manufacturing facilities are equipped with the latest technology and deliver innovative products that adhere to international quality standards. Over the years, the company has managed to emerge as a pioneer in the textile industry, setting new standards of excellence.
Vishal Fabrics announced record breaking performance for FY22 Revenue at Rs. 1,547 Crs, up 60% YoY. Commenting on the performance, Mr. Brijmohan Chiripal, Managing Director, said, “I am happy to announce that we have achieved highest ever Revenue, EBITDA & PAT in financial year 2021-22, despite challenging environment. Our remarkable performance in FY22 was fuelled by our team’s extraordinary efforts to set new records.”
Appointment of CEO
Mr. Vinay Thadani succeeds Mr. Brijmohan Chiripal, who will continue as a Managing Director of the company. Mr. Thadani joined the Chiripal Group in 2017 as Chief Financial Officer and Chief Operating Officer of Vishal Fabrics. Mr. Vinay Thadani is a Fellow member of the Institute of Chartered Accountants of India. He was responsible for planning, implementing, and managing the company’s finance activities, and improving the efficiency of the business. Mr. Vinay Thadani’s unstoppable growth is due to his dedication and enthusiasm for achieving long-term goals, his ability to establish a solid relationship between mission, vision, and organizational goals, his ability to anticipate and navigate problems, and his humanitarian efforts.
Mr. Brijmohan Chiripal said, “We are delighted to elevate Mr. Vinay as the CEO of Vishal Fabrics. His rich experience in the Denim Industry space coupled with his expertise in building long-term partnerships will be invaluable as we continue to accelerate our growth strategy. His exceptional abilities in Corporate Banking, Finance, Risk Analysis, and other operational disciplines have constantly aided the organization’s equitable financial orientation. Given his strong understanding of our business and proven ability to generate outcomes in our market, we feel he will be the perfect leader to take on this responsibility.”
Mr. Vinay Thadani said, “I am honored to accept this new challenge and committed to exceeding our customers’, partners’, workers’, and other stakeholders’ high expectations for VFL. I am privileged to be given the opportunity to scale this to the next level. My continuous engagement with Mr. Brijmohan Chiripal and the Board of Vishal Fabrics gives me confidence that Vishal Fabrics is the long-term home for achieving my professional goals”.
“We believe that we have built a strong foundation for the future with sustainable and profitable growth for the long term. At Vishal Fabrics, we believe in stable and supreme performance with our focus will be on maximizing the revenue growth going ahead. Large interest is to build the profitability by maintaining cost control measures and focus on improving return ratios and maintaining healthy balance sheet position by following our asset-light model”, Mr. Thadani added.