VIP Industries Limited has informed the Exchange regarding 'Business Responsibility and Sustainability Report for the Financial Year 2024-25'.

VIP Industries has filed its annual Business Responsibility and Sustainability Report (BRSR) for FY 2024-25, as required under SEBI's listing regulations. The company reported a turnover of around Rs 2,170 crore and a net worth of Rs 550 crore during the year. It operates 2 manufacturing plants in India along with 8 international plants, 6 offices, and 31 warehouses, serving customers across all Indian states and 27 countries, with exports contributing 2.8% of revenue. The company employs 4,540 people and has 4,523 workers, with women making up 12% of employees and 46% of workers. Key sustainability highlights include a 40% reduction in plastic packaging, an eco-friendly luggage line using recycled materials, energy-efficient upgrades like LED lighting and an electric vehicle at its Nashik factory, and 100% training coverage for board members and key managerial personnel on ESG principles. Customer complaints dropped to 96,086 from 1,04,723, though shareholder complaints slightly rose to 31 from 29. The company holds ISO 9001:2015 and ISO 14001:2015 certifications and is pursuing ISO 45001:2018 for occupational health and safety.