Premium
This is an archive article published on July 8, 1997

Vashisti Detergents

Vashisti Detergents Limited VDL , was incorporated in 1988 as Tata Vashisti Detergents, jointly by Tomco and Maharashtra Petroleum Corpor...

google-preferred-btn
.

Vashisti Detergents Limited VDL , was incorporated in 1988 as Tata Vashisti Detergents, jointly by Tomco and Maharashtra Petroleum Corporation to manufacture toileteries, soaps, detergent cakes and powders, fatty acids,linear alkyl benzene,sulphorates and alpha olefin sulphorates.

It acquired its present name in December,1994 when Hinfustan Lever td HLL took over Tomco and annexed the latters stake in the company. On the financial front, the companys performance has been dismal.During 1995-96,the company posted sales and a net loss of Rs 60.13 crore and Rs 14.75 crore respectively. A further loss was posted during the first half of 1996-97 amounting to Rs 4.30 crore, while sales stood at Rs 55 crore.

In September 1995 the company was referred to the BIFR , and after its take over ,HLL formulated a revival scheme . Following this the company made a rights issue in October 1996 aggregating Rs 55 crore. The proceeds therefrom was utilized to settle institutional dues and meet working capital. Notably, HLL8217;s post rights issue stake was nearly 33 percent, and VDL will manufacture some of HLL8217;s renowned brands like Liril, Lux etc RATIONALE: VDL will manufacture many of HLL8217;s brands and since HLL8217;s existing capacities are not sufficient to cater to its burgeoning demand, this could prove beneficial for VDL .The projected growth rate in the toileteries segment too augurs well for the company. Therefore, irrespective of its losses, it is worth holding onto VDL , which is bound to grow in the shadow of HLL.

 

Latest Comment
Post Comment
Read Comments
Advertisement
Loading Taboola...
Live Blog
PHOTOS
In pics: From concept supercars to electronic SUV's: Bharat Mobility Global Expo 2025 was all about innovation
In Pics: From Concept Supercars to Electric SUVs – Innovation at Bharat Mobility Global Expo 2025
Top Stories
Rao has denied the allegations, calling the video fabricated, as the state ordered an inquiry citing violations of service conduct rules.
Senior Karnataka IPS officer Ramachandra Rao suspended over inappropriate video
PM meets UAE President: Defence, LNG, $200-bn trade target on table
PM meets UAE President: Defence, LNG, $200-billion trade target on table
Honey Trehan on SCREEN Spotlight.
'Cast a Muslim superstar, but protagonist has to be Hindu': Honey Trehan recalls how film with 'Muslim hero' was nixed
Neha Kakkar
Neha Kakkar shuts down divorce rumours after announcing 'break from relationships': 'Don't drag my innocent husband in all this'
While acknowledging AI’s potential, Tonny Robbins argued that strong societal guardrails are essential
'Suffering at the highest level': American life coach warns AI-driven job losses could trigger psychological crisis, violence
Nikhil Kamath X post
Beyond just "exporting": Why Nikhil Kamath believes Indian brands are finally beating the west at luxury game
Harshit Rana India pace allrounder
India vs New Zealand: Harshit Rana's ability with the bat gives hope of having genuine pace bowling all-rounder for World Cup in South Africa
Harshveer was the best of Indian finishers in the prologue (like F1's pole position) on Monday, and third best in Asia. (Pune GCT)
Pune Grand Tour: Cyclists gear up for the unknown — a climb before end of second stage
US mid-terms could be bellwether for next three years of Trump 2.0
US mid-terms could be bellwether for next three years of Trump 2.0
Board of Peace
India gets invite to Trump's Board of Peace — and to deal with many tricky questions
After backlash over his remarks at a Delhi concert, Honey Singh defended his language as Gen Z friendly
No, Honey Singh. As a Gen Z, I reject the idea that we need vulgarity to learn about sex
The report suggests that automation is reshaping entry-level and transactional roles even as employers remain optimistic about business growth. (Image: FreePik)
AI job anxiety is highest among young workers, Randstad survey reveals
Advertisement
Must Read
India vs New Zealand: Harshit Rana's ability with the bat gives hope of having genuine pace bowling all-rounder for World Cup in South Africa
Harshit Rana India pace allrounder
Pune Grand Tour: Cyclists gear up for the unknown — a climb before end of second stage
Harshveer was the best of Indian finishers in the prologue (like F1's pole position) on Monday, and third best in Asia. (Pune GCT)
Chelsea appointing Liam Rosenior is a landmark moment for black managers
Chelsea new manager Liam Rosenior in action. (PHOTO: Reuters)
AI job anxiety is highest among young workers, Randstad survey reveals
The report suggests that automation is reshaping entry-level and transactional roles even as employers remain optimistic about business growth. (Image: FreePik)
ChatGPT ads are coming: Here's how OpenAI makes money now, and what's about to change
ChatGPT
Redmi 15C review: Best with the basics?
The Redmi 15C features a huge 6.9 inch display with a sparkly blue back glass(Image: The Indian Express/ Ajay Hanje)
No, Honey Singh. As a Gen Z, I reject the idea that we need vulgarity to learn about sex
After backlash over his remarks at a Delhi concert, Honey Singh defended his language as Gen Z friendly
Advertisement
Buzzing Now
'Suffering at the highest level': American life coach warns AI-driven job losses could trigger psychological crisis, violence
While acknowledging AI’s potential, Tonny Robbins argued that strong societal guardrails are essential
Beyond just "exporting": Why Nikhil Kamath believes Indian brands are finally beating the west at luxury game
Nikhil Kamath X post
Why this Google data engineer quit the 'dream job’ to pursue a PhD: 'Crazy, scary'
In August, Orgill resigned from Google and enrolled in a computer science PhD programme focused on education (AP Photo/ File)
'Wait for orange gutkha stamps': Vande Bharat Express sleeper train littered within hours of inauguration; viral video sparks outcry
The viral video, recorded by a passenger, shows plastic packets and spoons littered across a coach
Record-breaking snowfall buries high-rise buildings up to 4th floor in Russia's Kamchatka, chilling videos emerge
One of the viral videos shows children sliding down the huge snowdrift in Kamchatka city, Russia
Jan 20: Latest News
Advertisement