From 12 power looms to ₹15,000 crore: the Chiripal Group story

In 1972, Vedprakash Chiripal started a small textile operation in Ahmedabad with just 12 power looms. More than five decades later, that single unit has grown into Chiripal Group, a diversified conglomerate with revenues exceeding ₹15,000 crore, a workforce of over 20,000 people, exports to more than 52 countries, and manufacturing operations spanning Gujarat, Rajasthan, Madhya Pradesh, Telangana and Jammu.

The Group’s expansion followed a deliberate path. Beginning with textiles, it steadily built out spinning, weaving, processing and fabric manufacturing, creating one of India’s most integrated textile ecosystems. That foundation later supported diversification into petrochemicals, packaging, speciality chemicals, infrastructure, education, renewable energy and biofuels. Nandan Denim and Vishal Fabrics now collectively operate one of the largest integrated denim and fabric ecosystems in the country, while Chiripal Poly Films has built a packaging platform with 575,000 MTPA of capacity serving customers in more than 50 countries.

Vedprakash Chiripal’s stated philosophy — that growth must be built on integrity, quality and relentless perseverance — has guided the Group through each expansion. Every milestone, from the first textile unit to the current diversified structure, was achieved through patient capital, disciplined execution and a commitment to long-term value rather than rapid, unplanned scale-up.

A second generation of leadership is now steering the Group’s newer bets. Ronak Chiripal, an MBA graduate of Syracuse University, founded Nandan Terry Ltd. in 2016; within four years it had become one of India’s top five terry towel manufacturers, and it now records a turnover of ₹1,600 crore. Chiripal Poly Films has since added a recycled PET facility in Jammu with 36,000 MTPA capacity that converts post-consumer PET bottle waste into recycled raw material, while GREW Solar — already running 6.5 GW of operational module capacity — plans to expand to 11 GW in Rajasthan and add an 8 GW solar cell facility in Madhya Pradesh, both targeted for 2026.

Alongside the industrial expansion, the Group runs a set of long-running community programmes: an annual blood donation drive that collects over 5,000 units a year and has facilitated 50,000 units in total, a tree-planting initiative that has put 200,000 trees in the ground around Ahmedabad, and nearly three decades of food and health camps at Dakor serving roughly 7 lakh devotees annually. The Shanti Polytechnic Foundation has trained 3,000 young men and women from rural communities in vocational skills.

Image: Wikimedia Commons/by Fabrics for Freedom