Oswal Group was carved out of parent Vardhman Group in the year 2003 in a way Oswal Group is one of the pioneer in textile in northern india having its Corporate office at Ludhiana, Punjab. The group has existence for last 40 years with core competency of spinning. The Oswal Group is mainly into spinning & dyeing (all types of yarns in different blends), manufacturing of fabric and garments. The group has plans to diversify in future but mainly in textile related activities. Accordingly, a joint venture has been entered into with’ F.M Hammerle, Austria in March 2006 for setting up a yarn dyed shirting Project at Kolhapur (Maharashtra), Western India. In 2008, the Oswal Group also acquired Europe's one of the premium shirting fabric brand name"F.M Haemmerle" by setting up a subsidiary of VPL in the name and style of F.M Haemmerle Verwaltungs GMBH in Austria . Oswal Group have production units at Bathinda, Ludhiana, Nalagarh , Kolhapur and Sales office at Ludhiana, Mumbai. Delhi.