About Vaibhav Global Limited

Vaibhav Global Limited is a vertically integrated, omni-channel retailer of fashion jewellery and lifestyle products founded in 1980 and incorporated in 1989, operating proprietary TV shopping channels and digital platforms across the US, UK, and Germany, with manufacturing and sourcing anchored in India and Asia. The group reaches about 127 million households via Shop LC (US), Shop TJC and Ideal World (UK), and Shop LC (Germany), complemented by websites, apps, OTT, and marketplaces, and follows a “flywheel” model focused on value pricing, repeat purchases, and purpose-led initiatives like “Your Purchase Feeds.”

Vaibhav Global sells through two primary categories—fashion jewellery and gemstones, and lifestyle—which together drive healthy gross margins near 60% and steady cash flows; fashion jewellery and gemstones contribute about 67% of group revenue and are largely manufactured in-house, while lifestyle products are sourced across 30 countries to balance control and flexibility. The company’s standalone operations are based in India with plants at Jaipur and Mumbai, and exports account for 99% of standalone turnover, serving 17 countries during the year through B2C retail and select B2B relationships.

The group structure includes wholly-owned and step-down subsidiaries across Mauritius, UK, USA, Hong Kong, Thailand, Japan, Germany, Indonesia, China, Netherlands, and India, supporting content, retail, sourcing, and manufacturing; material subsidiaries include VGL Retail Ventures Limited (Mauritius), Shop TJC Limited (UK), and Shop LC Global Inc. (USA). During FY 2024–25, the company exited Encase Packaging Private Limited (60%) and Vaibhav Vistar Limited (100%), aligning the portfolio, and shifted its registered office within Jaipur to enhance operational efficiency.

Vaibhav Global Limited Business Segments

• Product mix: Fashion jewellery and gemstones contribute about 67% of group revenue, with the balance from lifestyle; jewellery is primarily in-house manufactured, while lifestyle is globally sourced.

• Market model: Omni-channel retail via 24×7 TV shopping and digital channels in the US, UK, and Germany, targeting Gen-X and Baby Boomers, supplemented by opportunity-driven B2B to align with trends and manufacturing utilisation.

Vaibhav Global Key Management

• Sunil Agrawal — Managing Director (KMP).

• Nitin Panwad — Group Chief Financial Officer (KMP).

• Yashasvi Pareek — Company Secretary and Compliance Officer (KMP).

• Harsh Bahadur — Non-Executive Director.
  

• Pulak Chandan Prasad — Non-Executive Director.

• Sheela Agarwal — Non-Executive Director.

• Sanjeev Agrawal — Director.

Latest Updates on Vaibhav Global Limited

• Launched Shop LC in Germany and continued omni-channel expansion across websites, mobile apps, OTT, and marketplaces to deepen household reach to about 127 million.

• CARE upgraded credit rating to CARE A Stable/CARE A1; ICRA reaffirmed A/A1 with a stable outlook, reflecting low credit risk and adequate safety.

• Reversed impairment of Rs 46.88 crore related to certain investments/receivables on improved performance and projections, recognised under exceptional items.

• Shifted registered office to E-69, EPIP, Sitapura Industrial Area, Jaipur, to streamline operations.

• Diluted entire investment in Encase Packaging Private Limited (60%) and Vaibhav Vistar Limited (100%) during the year.

• Awards: IGJ Award 2024 (GJEPC) for coloured gemstones exports; Environment Stewardship Award (JWA); Excellence in Sustainability Climate Action Award (IACC).