VGL MILESTONES

VGL was launched as Vaibhav Enterprises in 1980 and ever since we have been consistently making rapid development towards achieving our objective of becoming a leading player in the field of electronic retailing of discount fashion jewelry and lifestyle accessories

Some of the important events that have taken place in our journey are listed below.

1980

Launch of Vaibhav Enterprises.

1989

Incorporation of Vaibhav Gems Limited.

1994

VGL takes over Vaibhav Enterprises.

1996-97

Public offer of Rs. 709.50 lacs at a premium of Rs. 20/- per share.

1999-00

Set up 100% EOU at EPIP, Sitapura.

2002-03

Issued Bonus shares in 1:1 ratio.

2003-04

  1. Major capacity enhancement through setting up of new state of art jewellery manufacturing unit
 
  1. Commissioned micro weight gold chain plant – Probably the only manufacturing setup out of United States of America.

2004-05

  1. Setting up of Retail Chain stores at major international tourist destinations
 
  1. Diamond Processing Unit in Adarsh Nagar

2005-06

  1. International presence through Acquisition of STS Group of Companies & Setting up of more Retail Chain stores at Alaska, Caribbean Islands, Mexico, St. Kits, St. Thomas, St. Maartin
 
  1. Completion of US$ 70 Million GDR issue successfully
 
  1. Warburg, one the leading private Equity Investor of the world has acquired more than 27% Equity Stake in the company
 
  1. Started 24 hours online Jewelry TV Channel marketing under the brand name 'ILIANA'

2006-07

  1. Received highest Export Award (Coloured Gemstone Category) for the 15th time, 13th time in succession.
 
  1. Started a 24-hour jewellery TV channel in Germany.
 
  1. Shortlisted for the 3rd time in Succession for adopting good corporate governance practices, for the ICSI National Corporate Governance Award.

2007-08

  1. Received highest Export Award (Coloured Gemstone Category) for the 16th time, 13th time in succession.
 
  1. Nalanda India Fund limited, one of the very reputed private equity fund, has invested USD 25 million in the Company.

2010-11

  1. Received the Highest export Award in the category of Cut & Polished Colored Stone Gems and Jewellery from the Gems and Jewellery Export Promotion Council (GJEPC)

2011-12

  1. Received the Rajasthan State award on the account of Export Excellence in the year 2008-09 from the Government of Rajasthan.

2012-13

  1. Vaibhav Gems was renamed to Vaibhav Global Ltd.
 
  1. Lifestyle section was launched.
 
  1. Received the "India Gem & Jewellery Awards 2013" in the category of "Silver Jewellery" from the Gems and Jewellery Export Promotion Council

2013-14

  1. The Company has exited from Corporate Debt Restructuring System on 20th June, 2013 by paying recompense amount on 31st March, 2013.
 
  1. Facility was established in Bandra-Kurla Complex for undertaking Mumbai business operations adding to Andheri SEEPZ office.
 
  1. Redemption of preference shares amounting to ₹440 million.
 
  1. Credit rating for the long term bank facilities have been upgraded by one notch from CARE BB  to CARE BB+ (BB Plus) and for the short term bank facilities from CARE A4 (A Four) to CARE A4+ (A Four Plus).

2014-15

  1. Credit Rating for the short term bank facilities have been upgraded by one notch from CARE A3+ (A Three Plus) to CARE A2 (A Two) which denotes adequate degree of safety. As the entire long term debts have been repaid, hence, the rating for the same has been withdrawn.
 
  1. Received the "India Gem & Jewellery Awards 2014" in the category of "Silver Jewellery" continuously for the second time by The Gem & Jewellery Export Promotion Council, sponsored by the Ministry of Commerce, Government of India. The award was given by the Honorable Chief Minister of Maharashtra on 29th January, 2015.
 
  1. Acquired 64,000 Square Feet land in SEZ II developed by RIICO in July 2014 and obtained  LOP (Letter of Permission) to establish a manufacturing unit in SEZ phase –II.
 
  1. ₹2.40 per Equity Share has been paid as  an Interim Dividend after 7 years.
 
  1. Launch of " TJC Gold" channel for dealing in high-end items.

2015-16

  1. Recognized as the 3rd  highest Wealth Creator Company on the basis of 3 year CAGR of Market Capitalization, 4th  highest Wealth Creator Company on the basis of 5 year CAGR and 234th  on the basis of Revenue by Fortune India (The next 500). One of our Directors Mr. Rahimullah, received the award on Behalf of the Company on the 17th  of August 2015, in the More... Indian Capital, New Delhi from  Shri  Piyush Goyal , Hon’ble Minister of State with Independent Charge for Power, Coal and New & Renewable Energy in the Government of India. 
 
  1. New categories of Product Line “Lifestyle” will include products of Home Décor, Beauty and Haircare added to the current product mix of Jewelry, Hand Bags and Scarves.
 
  1. New channel “TJC Choice” was launched which gives dual listing on Sky as well as Freesat in UK.
 
  1. Vaibhav Global’s US subsidiary launches new mobile website, set to improve customer experience.