S. P. Oswal

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S. P. Oswal
Born 1942
Punjab, India
Occupation Entrepreneur
Awards Padma Bhushan
Udyog Ratna
Website Official web site of Vardhman group

S. P. Oswal is an Indian industrialist and the present head of the Vardhman Group of Companies.[1] 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.[2]

Life sketch[edit]

It was done in the year 2001–02, when farmers had lost interest in cotton cultivation due to huge losses they used to suffer. Their crop was getting damaged due to repeated pest attacks, S. P. Oswal said about the Village Adoption Initiative, Being a yarn manufacturer, it was my duty to guide the farmers because cotton was entire textile industry's raw material.[3]

S. 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.[4]

S. P. Oswal is reported to have contributed to strengthen the spinning industry in North India.[5] He is also regarded as the force behind the establishment of Ludhiana Stock Exchange in 1983.[5] Apart from leading the Vardhman Group into a position of prominence in the Indian business milieu, Oswal was also involved in many socially relevant initiatives.

Oswal is married to Shakun and the couple has a daughter, Suchita, whose husband, Sachit Jain, is an Executive Director of the Vardhman Group.[6]

Village Adoption Program[edit]

The state of Punjab witnessed a sudden drop in the yield of cotton, in 2001, due to devatstation of crops and shrinking of cotton fields. S. P. Oswal, as a measure to bring back the cotton yield to desirable levels, started an initiative of Village adoption whereby by the villagers are provided with advanced cultivation techniques and support such as soil testing and water and fertiliser management. The initiave was reported to be successful in improving cotton yield. Dr. A. P. J. Abdul Kalam, then President of India, mentioned about the initiative twice in his addresses, the first on Technology Day address of 11 May 2004 and, again, on the following Republic Day of India on 26 January 2005. He also made a visit to Gehri Butter, one of the participating villages, on 10 December 2005.[4][3]

Sri Aurobindo College of Commerce and Management[edit]

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. The college is affiliated to the Punjab University.(PBP)[7] S. P. Oswal has also contributed to the setting up of a public school, Sri Aurobindo Public School, in Baddi, Himachal Pradesh, which started functioning in 1996.[7]

Nimbua Greenfield (Punjab) Limited[edit]

Chandigarh and surrounding aerial photo Nimbua Greenfield (Punjab) Limited on right of the center

During the start of the century, S. P. Oswal rallied a few like-minded companies for tackling the issue of hazardous waste disposal. Nine companies, including Vardhman Group, came forward and with the assistance from Punjab Pollution Control Board and the Government of India, a public limited company, Nimbua Greenfield (Punjab) Limited, was floated on 1 March 2004. The primary focus of the company was to develop common facilities for the storage, treatment and disposal of hazardous waste.[8][4]

The newly formed company set up a facility at Nimbua village, in Mohali on 23 October 2007. The company claims that it treated and disposed 113763 tonnes of hazardous industrial waste since inception till 31 July 2013.[8] This waste management, spread on a land f 20 acres, facility has an estimated life till 2030.[9]

Positions[edit]

Business Positions

  • Chairman and managing director – Vardhman Textiles Ltd[10]
  • Chairman – Vardhman Holdings Ltd[10]
  • Chairman – Vardhman Acrylics Ltd[10]
  • Chairman – Nimbua Greenfield (Punjab) Ltd[10]

Social Positions

Awards and recognitions[edit]

See also[edit]

External links[edit]

References[edit]

  1. ^ "Vardhman". Retrieved 11 August 2014. 
  2. ^ a b "Padma announcement". Retrieved 7 August 2014. 
  3. ^ a b "Village adoption". Retrieved 11 August 2014. 
  4. ^ a b c "PBP" (PDF). Retrieved 11 August 2014. 
  5. ^ a b "Ludhiana news". Retrieved 11 August 2014. 
  6. ^ "Sachit Jain". Retrieved 11 August 2014. 
  7. ^ a b "SACCM". Retrieved 11 August 2014. 
  8. ^ a b "NGPL". Retrieved 11 August 2014. 
  9. ^ "NGPL about". Retrieved 11 August 2014. 
  10. ^ a b c d e f g h i j k l m n "Positions" (PDF). Retrieved 11 August 2014. 
  11. ^ "Textile committee". Retrieved 11 August 2014. 
  12. ^ "UTI Resign" (PDF). Retrieved 11 August 2014. 
  13. ^ "Interview". Retrieved 11 August 2014. 
  14. ^ "Sri Aurobindo College of Commerce and Management". Retrieved 11 August 2014. 
  15. ^ "Padma award ceremony". Retrieved 11 August 2014. 
  16. ^ "Vardhman Group performance". Retrieved 11 August 2014. 
  17. ^ "Zoom Info". Retrieved 11 August 2014. 
  18. ^ "Market Times TV". Retrieved 11 August 2014. 
  19. ^ "Business Standard". Retrieved 11 August 2014.