Wikipedia

VST Industries

VST Industries Ltd is an Indian publicly-listed company which manufactures and distributes cigarettes.[4] The company is headquartered in Hyderabad.

VST Industries Ltd
Company type
Public
ISININE710A01016[1]
IndustryConglomerate
Founded10 November 1930 (as Vazir Sultan Tobacco Company Limited)
FounderVazir Sultan
HeadquartersAzamabad, Hyderabad, Telangana, India[2]
Key people
  • Naresh Kumar Sethi (chairman)
  • Piyush Srivastava (managing director & CEO)
ProductsTobacco
RevenueIncrease US$117 million [3]
Number of employees
784
Websitehttps://vsthyd.com

VST Industries started off as the Vazir Sultan Tobacco Company, and became an affiliate undertaking of British American Tobacco group of the United Kingdom.[5][6] It became fully independent and registered as VST Industries Ltd in 1983.[7][8] British American Tobacco, through its subsidiaries, owns a 32.16% stake in the company.

History

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The company was incorporated on 10 November 1930 as the Vazir Sultan Tobacco Company Limited under the Hyderabad Companies Act No. IV of 1320 Fasli.[9] In April 1983, it was renamed VST Industries Limited.[9] Over the decades, the company established a presence in the Indian cigarette manufacturing industry with a portfolio of regional and national brands.[10]

Tobacco leaf operations

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VST Industries is also engaged in the trading and processing of unmanufactured tobacco. According to the company, tobacco leaf procurement and processing form a key component of its operations, supporting both domestic cigarette manufacturing and exports to international markets.[11]

The company states that it works with a large network of contracted farmers across tobacco-growing regions in southern India and has developed specialised tobacco varieties, including Indian Oriental tobacco and Dark Fire Cured tobacco, for use in domestic and export markets.[12] VST reports that its tobacco leaf business achieved a turnover of ₹472 crore in FY 2024–25, representing year-on-year growth.[12]

Operations

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VST Industries’ principal business activities include the manufacture and trading of cigarettes and unmanufactured tobacco.[13] The company operates manufacturing facilities at Azamabad, Hyderabad, and Toopran in Telangana. The Toopran facility, which integrates primary and secondary manufacturing divisions, became fully operational during FY 2024–25.[12]

According to the company, VST distributes its products through a nationwide network of wholesale dealers and retail outlets and maintains regional offices in major Indian cities. Unmanufactured tobacco is also exported to overseas markets.[12]

Products and brands

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VST Industries markets a portfolio of cigarette brands across different segments. Its brands include Total, Editions, Charms, Moments and Special.[14] In FY 2024–25, the company introduced new variants such as Editions Trio, Total Spin and Total Paan Delight.[15]

Financial performance

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For the financial year ending 31 March 2025, VST Industries reported revenue from operations of ₹1,80,943 lakh and a net profit of ₹29,039 lakh.[12] The board recommended a dividend of ₹10 per share for FY 2024–25.[16]

Corporate social responsibility and ESG

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VST Industries publishes an annual ESG report outlining its environmental, social and governance initiatives.[17] According to the company, its CSR activities include programmes in healthcare, education, rural development and environmental sustainability. The company reported CSR expenditure of ₹844 lakh during FY 2024–25.[12]

Governance

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The company is governed by a board comprising executive, non-executive and independent directors. As of April 2025, Naresh Kumar Sethi serves as chairman of the board, and Piyush Srivastava as managing director and chief executive officer.[18][19]

Shareholding

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British American Tobacco Plc is the principal promoter of VST Industries and held approximately 32.16% of the company’s equity as of 2025.[20] Other shareholders include institutional investors and public shareholders, including Bright Star Investments Private Limited.[21]

See also

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References

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  1. ↑ "VST Industries > Company History > Cigarettes > Company History of VST Industries - BSE: 509966, NSE: VSTIND". www.moneycontrol.com.
  2. ↑ "The Vazir Sultan Tobacco Company Limited (Ijb63a99)". Archived from the original on 28 July 2014. Retrieved 28 May 2011.
  3. ↑ "Financial results" (PDF). www.vsthyd.com. 2011. Archived from the original (PDF) on 9 March 2012. Retrieved 20 April 2021.
  4. ↑ "VST Industries – Brands". Moneycontrol. Retrieved 30 December 2025.
  5. ↑ "VST Industries launches new variants to boost premium portfolio". Business Standard. 25 April 2024. Retrieved 30 December 2025.
  6. ↑ "VST Industries Q4 profit falls 42%; declares ₹10 dividend". Business Standard. 25 April 2025. Archived from the original on 26 April 2025. Retrieved 30 December 2025.
  7. ↑ CRISIL Ratings – VST Industries Limited (Report). CRISIL. 14 May 2025.
  8. ↑ "Shareholding Pattern – VST Industries". BSE India. Retrieved 30 December 2025.
  9. 1 2 "Company History". VST Industries. Retrieved 6 January 2026.
  10. ↑ CRISIL Rating Rationale – VST Industries Limited (Report). CRISIL. 14 May 2025. Retrieved 6 January 2026.
  11. ↑ Annual Report 2024–25 (PDF) (Report). VST Industries. Retrieved 6 January 2026.
  12. 1 2 3 4 5 6 Moneycontrol.com. "VST Industries > Company History > Cigarettes > Company History of VST Industries - BSE: 509966, NSE: VSTIND". Archived from the original on 6 October 2023. Retrieved 5 January 2026.
  13. ↑ "Company Profile". CRISIL. Retrieved 6 January 2026.
  14. ↑ "VST Industries – Brand Portfolio". Reuters. Retrieved 6 January 2026.
  15. ↑ "VST Industries launches new cigarette variants". Business Standard. 25 April 2024. Archived from the original on 26 April 2025. Retrieved 6 January 2026.
  16. ↑ "VST Industries Q4 profit falls 42%; declares ₹10 dividend". Business Standard. 25 April 2025. Archived from the original on 26 April 2025. Retrieved 6 January 2026.
  17. ↑ ESG Report 2023–24 (PDF) (Report). VST Industries. Retrieved 6 January 2026.
  18. ↑ Desk, Prysm Editorial (29 January 2026). "VST Industries Appoints Piyush Srivastava as MD & CEO; Recommends New Auditors | VST Industries Limited (VSTIND) | Prysm". Prysm Finance. Retrieved 28 March 2026. {{cite web}}: |last= has generic name (help)
  19. ↑ "Piyush Srivastava Appointed Managing Director & Chief Executive Officer at VST Industries Limited - Global HR News & Updates". 1 February 2026. Retrieved 28 March 2026.
  20. ↑ "Shareholding Pattern". BSE India. Retrieved 6 January 2026.
  21. ↑ "Major Shareholders – VST Industries". MarketScreener. Retrieved 6 January 2026.
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