S. P. Oswal
S. P. Oswal is an Indian industrialist and the present head of the Vardhman Group of Companies. The Government of India honoured him in 2010, with the Padma Bhushan, the third highest civilian award, for his services to the fields of trade and industry
S. P. Oswal is an Indian industrialist and the present head of the Vardhman Group of Companies.The Government of India honoured him in 2010, with the Padma Bhushan, the third highest civilian award, for his services to the fields of trade and industryS. P. Oswal was born in 1942, in Punjab. He is a post graduate in Commerce from Punjab University which he passed with Gold Medal. in the eighties, Oswal joined his family business group, Vardhman Group of Companies. He presently heads the group.
S. P. Oswal is reported to have contributed to strengthen the spinning industry in North India
Inspired by the teachings of Aurobindo, S. P. Oswal established a trust, in Ludhiana, by name, Sri Aurobindo Socio Economic and Management Research Institute. Sri Aurobindo College of Commerce and Management was opened in 2004, under the trust, to create career oriented and disciplined management professionals.
Chairman and managing director – Vardhman Textiles Ltd
Chairman – Vardhman Holdings Ltd
Chairman – Vardhman Acrylics Ltd
Chairman – Nimbua Greenfield (Punjab) Ltd
Chairman – National Committee on Textiles, Confederation of Indian Industry
Director – Exim Bank of India
Director – UTI Trustee Company Pvt Ltd(He resigned from the post in 2013)
Chairman – Indian Institute of Technology, Delhi
Chairman – Managing Committee- Sri Aurobindo College of Commerce and Management
Member – National Council, Confederation of Indian Industry
Member – Industrial Advisory Council, Government of Madhya Pradesh
Member – Board of Governors – Punjab Technical University, Jalandhar
Member – Senate, Punjab University
Founder President and Director (1983–87)- Ludhiana Stock Exchange
Awards and recognitions
Padma Bhushan – 2010
Udyog Ratna – Punjab University
With over 48 years of experience in textiles industry while being associated with Vardhman Group, he has led Vardhman Textiles to achieving accelerated growth in yarn manufacturing capacity, fabric weaving plants and yarn & fabric processing facilities in the country. He was the Founder President and Director of Ludhiana Stock Exchange for the period 1983-87 and President of Ludhiana Management Association for the period 1987-1991. He also acted as Chairman of Nimbua Greenfield Punjab Limited, a consortium of industries of Punjab for developing a common facility for storage, treatment and disposal of hazardous wastes generated by the industry with grant from Government of India. For his extensive contribution to the trade & industry, he was bestowed the Padma Bhushan Award by the Government of India in the year 2010.