VIP Clothing has recently sold its Umbergaon factory and raised Rs 10.41 crore. The capital gained by selling this idle asset will now be utilized in business at different level from production, technology, innovation and marketing.
The said asset is idle and underutilized and selling this can help the company to gain substantial amount that can be then put to better use in business. The production will now happen at a central location from Thingalur factory which will be faster due to advance machineries and 4x production capacity with skilled labours.
VIP Clothing is leading Indian company engaged in manufacturing and marketing of innerwear.
| Company Name | CMP |
|---|---|
| Welspun Living | 163.00 |
| Vardhman Textiles | 660.00 |
| Arvind | 510.85 |
| K.P.R. Mill | 1187.85 |
| Page Industries | 40206.45 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: