Mr. Sunil Agarwal is a commerce graduate with an MBA from Columbia University, New York (USA). A first generation entrepreneur, he established Vaibhav Enterprises in 1980 with an objective to professionalize the Gems and Jewelry Trade. He has traveled widely and garnered immense knowledge of gemstones and jewelry. He has brought this expertise to bear on the success of the company. He has represented the company at all major international trade shows and jewelry fairs and is also credited with the pioneering commercialization of popular gemstones like Tanzanite.
The people managing a venture are its most important constituents and this also stands true for VGL. We are fortunate to have some of the best minds in the industry who have been instrumental in our journey of being one of the most prominent names in jewelry and lifestyle products around the world.
Board of Directors
The Board of Directors who have enriched VGL by their stewardship are listed below.
Mr. Rahimullah started his career with his emerald trading and export business. He has gained considerable experience and knowledge in this field and has travelled extensively in Africa, Europe and the Far East in search of rough stones. His 42 years of industry experience, dedication, vision and acumen have been responsible for VGL’s impressive growth.
Mr. Nirmal Kumar Bardiya is one of the most renowned jewelers of Jaipur with over 35 years of experience in colored gemstone manufacturing. He has been associated with VGL for the last 16 years. He is highly specialized in high volume gemstones and beads, and is one of the leading global players in this segment. Mr. Bardiya is the Chairman & Managing Director of RMC GEMS INDIA LIMITED, Director of Zari Silk India Pvt. Ltd. and Bardiya Construction Co. Pvt. Ltd. (Hotel Fortune Bela Casa), Jaipur. He holds the position as President of Jewellers Association, Jaipur, Director of International Colored Gemstone Association, New York, Vice President of renowned social organization: Jain International Trade Organization (JITO ), Jaipur Chapter and President of Anuvibha Jaipur Kendra.
Mrs. Sheela Agarwal is an active social worker. She possesses great acumen and business understanding. She is a religious lady and is the mother of Mr. Sunil Agrawal, Chairman and Managing Director.
Mr. Pulak Chandan Prasad is the founder of Nalanda Capital that holds large and long-term stakes in small to mid-cap listed Companies in India on behalf of the US and European Institutional Investors (primarily Endowments and Foundations). Before Nalanda Capital, Pulak has worked with the global private equity firm Warburg Pincus for more than eight years as the Managing Director and co-head of India. Before Warburg Pincus, Pulak was associated with McKinsey in India, South Africa and the US for six years. He joined McKinsey in 1992 after completing his postgraduation from IIM Ahmedabad, prior to which he worked with Unilever in India as a Production Management Trainee. He holds an engineering degree from IIT Delhi.
Mr. Santiago Roces Moran is a Law graduate from Oviedo University School of Law, Spain and an MBA graduate from Madrid Business School, University of Houston. He has extensive turnaround strategy and start-up experience with Walmart, SUPERVALU / Save-A-Lot, Yum! Brands and Carrefour. He achieved revenue and profit objectives that required innovative strategic planning and sales/merchandising tactical programs in highly complex organizational structures. Mr. Moran has vast experience in International Market, Retail Business Models, Operational Excellence and Business Development. He has served as President and CEO – SAVE-A-LOT FOOD STORES, St. Louis, MO; Senior Vice President & General Manager – Walmart Stores Inc.; President and CEO – Walmart Korea; Chief Merchandising Officer – Walmart Argentina; and General Manager Food – Walmart Argentina and Germany.
Mr. Harsh Bahadur is MA in History from St. Stephen’s College, Delhi University and MBA from Boston University, U.S.A. in 1979. He has 33 years of rich experience in the Retail, Branded FMCG, Music, Sportswear, Business services and Jewelry industries. He is currently on the Board of Indian Terrain Fashions Ltd. as an Independent Director and is also working as a senior advisor in PricewaterhouseCoopers (PWC). Mr. Bahadur also advises Private Equity Funds and has evaluated Companies in the automobile servicing, branded food and e-commerce sectors. In past, he has worked with Hindustan Unilever for 11 years and has held the office of CEO for the RP G Music International – a group Company that owned over 80% of Indian music catalog, focusing on marketing Indian music to the diaspora across the world for two years. In 1997, he joined the US based Sara Lee Corporation as the CEO for their food foray into India. In October 2000, he was appointed as Managing Director – India by the Dusseldorf-based Metro Group, the fourth largest retail and wholesale Company in the world, to lead the launch of this International retailer into the Indian Market. After serving Metro India as the MD for six and half years, he joined a division of Reliance Retail Initiative as the President and CEO. He also worked as General Manager, Wholesale – India for Tesco, the world’s 3rd largest retailer.
Mr. James Patrick Clarke is a Bachelor of Science from United States Military Academy, West Point, New York and MBA from Harvard University Graduate School of Business of Business Administration, Boston. He has 26 years of rich experience in e-commerce, retail, business development, product planning, distribution warehouse, quality assurance, market analysis, process analysis & engineering, strategic analysis, distribution, supply chain and cost reduction.
Mr. James has worked in Guardsmark Inc., Omni Computer Products, Employer Benefit Services, Ya Ya Interactive Media, American Vantage Media, Affinity Media and QVC. His last assignment was with QVC, the world’s leading video and e-commerce retailer of fashion, jewelry and home products, as Chief Executive Officer QVC China.
Mr. Sunil Goyal has vast experience in the fields of Finance, Internal Control, Risk Assessment and Risk Management, Corporate Governance, Accounting Standards, Assurance, Banking and Insurance as well as Judicial process being member of various disciplinary committees. He has been deeply involved with setting and implementation of Accounting and Auditing Standards in India. He has authored various books and articles in leading journals.
Mr. Goyal has been President of the Institute of Chartered Accountants of India in the year 2004-05 and a Council member for more than 12 years. He has been a member of the Board of Directors and/or various Committee of International Federation of Accountants, New York, an apex body of the accounting profession during 2004-08. He has also been the President of South Asian Federation of Accountants, an official accredited body of SAARC. He has also been Ex. Committee member of Confederation of Asia and Pacific Accountants, Malaysia. He is an independent director on various listed and non-listed entities. He served as independent director of United Bank of India also. He has been a member of various committee set up by Government of India relating to Accounting, Finance, Banking and Insurance in India.
Mr. Goyal is a Post Graduate in Commerce and Arts, Graduate in Law, Post Graduate Diploma in Taxation and Post Graduate Diploma in Labour Laws. He is also a member of The Institute of Chartered Accountants of India, The Institute of Company Secretaries of India and The Institute of Cost & Works Accountants of India.
Dr. Purushottam Agarwal is a retired IAS officer. He comes with a rich experience of 34 years in Government Service in various capacities including General Administration, Finance & Tax functions, Industrial promotion & policy formulation, investment promotion, discharging administrative and regulatory functions including pollution control etc.
He has been Finance Secretary (Revenue) and has served on the Board of several Public Sector Undertaking and Cooperative units as Government Nominee including Rajasthan Industrial and Infrastructure Development Corporation (RICCO), Rajasthan Finance Corporation (RFC), Ganganagar Sugar Mills, Rajasthan Small Industries Corporation, Hanumangarh Co-Operative Spinning Mills, Shriganganagar Co-Operative Cotton Complex and Jaipur Metals Limited, etc.
Dr. Agarwal is a Gold Medalist in B.Com (Hons) from A.C. College of Commerce, Jalpaiguri. He has done his LL.B. from Delhi University, MBA from University of HULL, UK and has also attained a Ph. D from the University of Rajasthan.
Core Management Team
The Core Management team that heads day to day functioning at VGL is a judicious mix of talent and experience. This team has been guiding the company responsibly and with much aplomb and dedication. The visible efficient management of the company is a result of their hard work and commitment.
Mr. Puru Aggarwal is a qualified Chartered Accountant, Cost & Management Accountant, and Company Secretary. He has a rich experience of 23 years in business modeling, financial strategy & planning, business development, procurement, supply chain & distribution, budgeting, taxation, cost control, legal compliances, and mergers & acquisitions.
Prior to VGL, Mr. Aggarwal has worked with various Companies including Teva Pharmaceuticals India, Coca-Cola India and E&Y India. His last assignment was with Teva Pharmaceuticals India as Director & Country CFO for nearly 11 years.
Mr. Jeff Allar brings over 30 years of industry experience working for major international companies including IBM, Unilever, and the Stonyfield Farm unit of Groupe Danone, where he was the Vice President of Human Resources. In his last role, he led HR and organizational development for Affiliated Construction Services (ACS), a global engineering services firm headquartered in Madison, Wisconsin, USA catering to the clientele like John Deere, Caterpillar, Cummins, Harley Davidson, General Electric and many more. The opportunity to join an exciting and growing company such as VGL led his wife and him to make the decision to change path one more time and make the move to Austin, Texas in the USA. Away from work, he enjoys golfing, family history research and his charity of choice is to be involved with agencies and organizations that fight domestic violence. He finds it interesting to see our products on TV or the internet and observes the great job our hosts do in connecting with our consumers to purchase our jewelry and lifestyle products. He is a big believer in building relationships and follows the saying “People like to work with people they like”! What Jeff has to say about VGL’s vision, mission, and values is very inspiring. For him, vision, mission and values create the overall purpose of the organization – what we do, why, and how. They are the guideposts that frame our behavior at work every day. If you are ever wondering about something that you are working on or if a decision you are about to make is the right thing to do, he suggests that we refer the vision, mission, and values to help us make the right decision.
Mr. Pushpendra Singh started his career with NTPC as a Management Trainee immediately after completing post-graduation in Management. His keen sense of dynamics of human behavior had him win approval of not just his managers but his peers early on. He rose rapidly in ranks as his prowess in HR was prodigious. At Reliance Communication, he was widely acknowledged for his strategic thinking, solution orientation and logical aptitude. He has thrived in roles that demand quick thinking and action. His vast and versatile experience coupled with an undying urge to challenge himself got him moving again. He joined VGL Group in 2011 and is credited with restructuring and re-visioning HR to make HR an effective Business Partner. Currently, he is dedicated to making VGL a Great Place to Work. His efforts have led to accelerated employee engagement for productivity gains at VGL. He was awarded “20 Most Talented HR Leaders in Industry” by World HRD Congress in 2013.
Mr. Nitin Dugar has been associated with VGL group since 2003. He joined the group at the Bangkok facility looking after Silver factory operations; he then moved to Gold unit and finally relocated to the USA in 2006. Currently, working as Chief Operating Officer at Shop LC, he oversees the company’s key strategic projects, new initiatives and process improvements. He is a Science graduate and an MBA from Mumbai. Before joining the VGL group, he has worked with the marketing department of the prestigious Godrej Group in managerial roles. Mr. Dugar loves to read about American Politics, Economy, Cricket and Cooking for leisure. A native of Mumbai, he now lives in Austin, Texas with his wife and son.
Mr. Raj Singh is a graduate in Chemistry and trained in Mechanical Maintenance. He began his career with Shrenuj & Company Ltd. In his career of 21 years, he has gone strength to strength improving and innovating businesses. His current stint with VGL Group appears to be a crescendo of an ever climbing career. At VGL, he is instrumental in turning strategy into operational & financial success. His initiatives like Gems Studded Stainless Steel Jewelry, Ion Plating, etc., are ground-breaking in the Jewelry industry. For an industry that is type cast as labor intensive, Mr. Singh has led many automation drives and is successful in grinding out cost efficiencies. His relentlessness is not limited to saving costs and improving product quality as his versatility reflected in the construction of VGL’s SEZ Factory in record time. He affirms that SEZ factory is one of the most environment-friendly buildings in the Country. It helps that Raj has a huge appetite for work while being able to relax outside of it. He loves his family and is fond of traveling with them.
Mr. Kevin Lyons has over 20 years of retail experience at major US retailers including Best Buy (15 years), Sears Holding Company (3 years), and hhgregg (3 years). Kevin focused his career on roles that allowed him to drive growth in seamless shopping experiences through innovation, motivation, and customer segmentation. In his last role as Senior Vice President/GM, e-commerce at hhgregg, Kevin lead their digital strategy and managed the overall business of hhgregg.com taking them to the JD Powers #1 Appliance Retailer Website for 2014, oversaw fine lines.com – a high end division of appliances for hhgregg, and mobile winning an IBM Impact Mobile and Hermes Golden Award Winner in 2014/15. During his tenure, hhgregg was also acknowledged as an IR 500 (244) and IR Social 500 (448) company. Kevin is a graduate of Morehead State University and University of Kentucky.
He has a passion for creating strategy, as well as delivering innovation and execution against that strategy. Outside of the office, Kevin enjoys spending time with his family, is very physically active and enjoys sports and doing almost anything outdoors.
Mr. Vineet Vashist comes to us from Aritzia, a leader in women's fashion in Canada. While there, he led the effort to lay the foundation for eCommerce growth working with cross-functional teams to align systems, processes and org structures to long-term growth as well as creating the Product Management discipline to drive consistent growth in eCommerce revenue through continuous improvement. Prior to Aritzia, Vineet progressively moved through various roles with Abercrombie & Fitch where in his last role as Director IT eCommerce, he led all roadmap, architecture, development, and integration of eCommerce initiatives with operational and capital budget of combined $25 million. He grew a small eCommerce team into a specialized organization of 25 employees split into specialized disciplines of Front End Development, Native App Development, Systems Integration, Web Engineering and Product Information Management.
Vineet brings strong expertise and a proven track record in leading the transformation of a traditional IT organization into more nimble and agile one by helping revamp the processes, team roles and tools. He has managed an aggressive portfolio with an annual budget of over $20 million to deliver new strategic capabilities and operational enhancements to Aritzia and A&F. Vineet is a graduate of The Ohio State University and is an avid follower of all sports but in particular – Cricket and American Football. Outside of game time, you will likely find him enjoying a hike with his two dogs.
Mr. Amit Agarwal has a vast and versatile experience in the retailing world. He started his career from BSL Ltd. - (3 years) to Jain Marble Exports - (2 years), he joined hands with VGL group 13 years ago and has been an asset in driving the organisation with progressive growth and success. Currently, he is serving as the Commercial Director at The Jewellery Channel (UK) driving tremendous results.
Amit is a commerce graduate with an MBA. He draws on his passion for jewellery, gemstones and lifestyle products’ sourcing to get ahead of the curve in splendid planning for both TV and e-commerce platforms. He has maintained a consistent growth trajectory with a vivid experience in retail business models and acquiring profit objectives at the top.
In a complex retail environment, his robust project handling and vigorous decision making based on trends and expectations for the future helped in delivering robust growth. A strong focus on merchandising and bringing innovative ideas to the business have also helped him achieve organizational goals.
While Amit is always working, when he is not - he loves spending time with this family, playing lawn tennis and indulging in outdoor activities.
Mr. Vivek Jain has been a prominent part of VGL since 2002. He holds a Bachelor of Commerce degree from University of Rajasthan and a fellow of The Institute of Chartered Accountants of India (2009). During his journey with Vaibhav Gems Limited, Jaipur Vivek has held positions of responsibilities like Manager of Corporate Finance at STS gems Ltd Hong Kong and China and Finance Controller of STS Gems Thai Limited, Bangkok.
Currently, he plays an important role as a Finance Director of The Jewellery Channel, UK being responsible for both the finance function and a number of operational functions such as Content Distribution, Customer Solutions and Fulfilment. Vivek has been very successful in introducing in-house Customer Financing programme driving strong sale growth, customer loyalty and retention at TJC, UK.
He is a key player in maximising the return of financial assets through establishing effective financial policies, procedures, controls and reporting systems. With strong interpersonal capabilities and proficient in establishing effective working relationships at various levels, Mr Vivek is a vital asset for the group.