About Vardhman Appliances Ltd.
Incorporated in August 2023 as Vardhman Appliances Limited, The Company is a vertically integrated Electronics Manufacturing Services (EMS) provider offering OEM and ODM solutions across fast-moving electrical goods, including fans, kitchen appliances, home comfort appliances and electrical components. It also has a consumer-facing presence through its wholly owned subsidiary, Lazer India Private Limited, which markets consumer electrical and domestic appliances under the “Lazer” brand. The Company operates across the product lifecycle, covering product conceptualisation, design and development, sourcing, manufacturing, quality assurance, packaging, distribution, delivery and after-sales services. Its product portfolio comprises more than 1,200 SKUs across four principal categories, including fans, kitchen appliances, home comfort appliances and components such as motors, heating elements, thermostats and cutouts. The Company operates under both OEM and ODM business models, enabling it to manufacture products based on customer specifications as well as undertake product conceptualisation, design and development for Consumer Appliance Brands.
The Company operates five manufacturing units, comprising three units in Sonipat (Kundli), Haryana and two units in Solan (Baddi), Himachal Pradesh, spread across an aggregate area of approximately 405,790 sq. ft. As of March 31, 2026, its aggregate installed manufacturing capacity was 28.66 million units per annum. Its vertically integrated manufacturing capabilities include in-house production of key components such as motors, heating elements and precision mouldings, along with certain surface treatment processes. The Company also has an in-house product development laboratory at Kundli Unit-III and a 22-member design and development team supporting product development, prototyping, testing, tooling and design optimisation.
The Company has a diversified customer base of over 40 Consumer Appliance Brands, including Usha International, RR Kabel, Voltas Beko, Singer India, GM Elektra and Cello World. Repeat Consumer Appliance Brands contributed 72.96% of Revenue from Operations in Fiscal 2026, reflecting longstanding customer relationships. Through Lazer, the Company had over 600 SKUs, more than 700 distributors, coverage across over 13,000 pin codes, 14 company-owned branches and over 300 service franchisees across 25 states and union territories as of July 31, 2026.
As of July 31, 2026, the Company had 1,408 permanent employees and 542 contract labour, supported by an experienced management team and Promoters with collective experience of over 18 decades in the electrical and domestic appliances industry.
Competitive Strengths
- In-house design and product development capabilities.
- Extensive product portfolio across multiple appliance categories.
- Established supplier network and quality-focused manufacturing.
- Longstanding relationships with leading Consumer Appliance Brands.
- Scalable manufacturing infrastructure with vertically integrated capabilities.
- Diversified EMS capabilities across institutional and consumer-facing channels.
- Experienced Promoters and management team with strong domain knowledge.
