BW MIW - Suchita Oswal Jain: Redefining Success In Textile Industry
Suchita Oswal Jain, the Vice Chairman and Joint Managing Director of Vardhman Textiles, shines as a beacon of leadership and innovation in India's textile industry. Born into a family deeply rooted in textiles, Jain's early exposure to business ignited her entrepreneurial spirit. Armed with education from prestigious institutions like IIM Ahmedabad, London Business School, and INSEAD Paris, she navigates the complexities of the industry adeptly.
Vardhman Textiles, founded in Ludhiana in 1965, has grown into India's largest vertically integrated textile manufacturer, with a turnover exceeding a billion dollars. With 1550 looms and an annual processing capacity of 180 million metres of fabrics, the company employs over 32,000 people and exports products to 75 countries.
Under her stewardship, Vardhman Textiles has set exemplary standards in environmental sustainability. The company's advanced Effluent Treatment Plants (ETPs) and Zero Liquid Discharge (ZLD) technology underscore its dedication to water conservation. Furthermore, with a keen focus on energy efficiency and the adoption of solar power, Vardhman is leading the charge towards a greener future.
Jain's commitment to corporate social responsibility is evident in Vardhman’s ethos. Initiatives like Project Nandini, promoting menstrual hygiene management, have earned national recognition, winning the India CSR Award 2023. Environmental sustainability is a priority, with advanced Effluent Treatment Plants and Zero Liquid Discharge technology in place.
Fostering A Supportive Culture
Championing gender diversity, Jain aims for at least 60 per cent women in leadership positions. Vardhman grooms women for managerial roles, fostering a supportive culture. "Our journey isn't just about fabric; it's about weaving communities together," says Suchita Oswal Jain.
Her contributions to the textile industry have earned her widespread acclaim. She has been featured in prestigious lists such as Business Today's "The Most Powerful Women in Business" and BW Businessworld's "Most Influential Women." Furthermore, her dedication to corporate social responsibility was recognised with the title of "CSR Person of the Year" at the India CSR Awards 2023.
Despite grappling with challenges arising from global market dynamics, Jain's leadership has steered Vardhman Textiles through turbulent times with resilience and adaptability. By prioritising innovation, quality, and customer-centric strategies, the company continues to excel in the ever-evolving textile landscape.
Jain's journey embodies resilience, innovation, and commitment to excellence. As she sets higher benchmarks, her leadership inspires entrepreneurs and women worldwide. "The change begins with you," she says. "Listen to your heart, follow your passion, and you will do great."
