VTM Milestones
At a glance
1946
The company was incorporated as Virudhunagar Textile Mills Limited, and was subsequently bought over by Karumuttu Thiagaraja Chettiar from A.V. Thomas, becoming an integral part of his growing mill enterprise. Under his leadership, the organisation took shape as a robust entity, with the mill not only increasing production but also diversifying into different kinds of fabrics. The emphasis remained firmly on quality and trust, as the mill steadily built a credible name for the weaves it produced.
1954/55
Company was taken over by
Doyen of Textile Industry Sri.
Karumuttu Thiagarajan Chettiar.
1974
With the demise of Karumuttu Thiagaraja
Chettiar, the baton of leadership is passed
to his son, Kurumuttu T. Kannan. The
vision that the group is built on, is ably
taken forward, with emphasis on quality,
consistency and continuous innovation.
1975
The company passed to Sri.
T.Kannan, who initiated
modernization of the unit
with latest Hi-tech looms
and other machinery.
1990
A testing laboratory is set up
to rigorously evaluate the
quality of raw cotton and
unfinished fabric.
1991
A greenfield project is set up in
Nilakottai, with state-of-the-art
equipment. New and potential
markets are explored.
2004
The company changes its
name to VTM Limited on
18th November 2004.
2009
Karumuttu Kannan’s son,
Hari Thiagarajan
becomes a part of the
leadership team in VTM.
2012
Executed a 1.10 stock split
sub-dividing one equity share
10 into shares of face value
Rs. 1 each.
2019
Visalakshi ‘Sala’ Kannan joins
the company to establish its
home textile division, manage
the growing export market, and
to further expand VTM’s
global presence.
2020
A home textiles unit is established. This
unit specialises in high-end, luxury
products like bed linen, comforters and
duvets. In the same year, the Pacific
Cotton Company was launched. This
customer-focussed arm of VTM is a brand
in itself, leveraging data-driven insights to
understand end user needs. Its USP is
ethically-manufactured home textiles.
2022-23
A dedicated Home Textiles Unit
was established to enhance
exports, and a 15 MW solar plant
was set up to cater to
requirements across units,
reinforcing the Thiagarajar
Group’s commitment to
sustainability.
2025
The company issued 3 new
bonus shares for every two
existing shares held by
eligible Shareholders.
