S. P. Oswal

S. P. Oswal Jain is an Indian industrialist and the present head of the Vardhman Group. 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.

Early life and business career 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. S.P. oswal is Jain by religion.

Oswal is reported to have contributed to strengthen the spinning industry in North India. He is also regarded as the force behind the establishment of Ludhiana Stock Exchange in 1983.

Village Adoption Program The state of Punjab witnessed a sudden drop in the yield of cotton, in 2001, due to devastation 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 initiative 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.

Sri Aurobindo College of Commerce and Management 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) 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.

Positions Business Positions Chairman and managing director – Vardhman Textiles Ltd Chairman – Vardhman Holdings Ltd Chairman – Indian Institute of Technology, Delhi Sri Aurobindo College of Commerce and Management Padma Bhushan award ceremony Business performance – Vardhman Group Interview on Market Times TV – YouTube video News on business expansion in Business Standard