About Vikas Lifecare Limited

Vikas Lifecare Limited (formerly known as Vikas Multicorp Limited), incorporated in 1995, is a diversified business group listed on NSE and BSE. The company is principally engaged in trading and manufacturing of polymers, plastics, specialty chemicals, and rubber compounds, alongside agro-processing and infrastructure products. It has also diversified into consumer-facing businesses in FMCG, healthcare, and textiles.

The company operates two manufacturing facilities—at Shahjahanpur, Alwar (Rajasthan) and at Baikampady, Mangaluru (Karnataka). It has acquired subsidiaries to expand its portfolio, including Genesis Gas Solutions Pvt. Ltd. (smart metering solutions), Shashi Beriwal & Co. Pvt. Ltd. (packaged beverages), and MSR Apparels Pvt. Ltd. (garments and accessories). A wholly owned overseas subsidiary, Vikas Lifecare Management Investment LLC, was also incorporated in 2024.

Vikas Lifecare Limited’s Business Segments

The company operates across six business divisions:

• Real Estate Division

• Trading & Manufacturing – Agro Products

• Trading & Manufacturing – Polymers

• Trading – Infrastructure Products (steel bars, fittings, piping for Jal Jeevan Mission)

• Smart Products – Gas and water meters via Genesis Gas Solutions

• FMCG & Healthcare – Food, beverages, dry fruits, cashews, and health-related products

In FY 2024–25, revenue was Rs 50,598.52 lakh on a consolidated basis. Geographically, Rs 47,616.95 lakh (99%) came from domestic operations and Rs 385.28 lakh (1%) from exports.

Vikas Lifecare Limited’s Key Management

• Dr. Sundeep Kumar Dhawan – Managing Director

• Mr. Parag Dadeech – Executive Director

• Dr. Chandan Kumar – Executive Director & CFO

• Mr. Kamal Ghidiyal – Executive Director

• Mr. Anil Kumar – Independent Director

• Dr. Richa Sharma – Independent Director

• Mr. Sanjay Kumar Jaiswal – Company Secretary

Latest Updates on Vikas Lifecare Limited

• Financial Performance: Consolidated revenue increased to Rs 50,598.52 lakh in FY 2024–25, though the company reported a loss of Rs 1,091.56 lakh compared to a profit of Rs 1,345.40 lakh in the previous year.

• Genesis Gas Solutions: The subsidiary commands ~20% of India’s domestic gas metering market and entered a joint venture with Indraprastha Gas Limited (IGL) to establish India’s first integrated smart meter manufacturing plant.

• Major Orders: Genesis received orders worth Rs 495 million from Gujarat Gas Limited for 40,000 gas meters and additional ultrasonic gas meter orders from IGL.

• Subsidiary Expansion: Acquired MSR Apparels Pvt. Ltd. (98% stake) to enter textiles and clothing. Shashi Beriwal & Co. expanded in beverages and energy drinks, with distribution in 8–10 states.

• Capital Structure: As on March 31, 2025, authorised share capital stood at Rs 235 crore and paid-up capital at Rs 185.76 crore, following conversion of warrants during the year.

• EBIX Consortium: Invested USD 34.827 million in a consortium for acquisition of Ebix Inc.; arbitration proceedings are ongoing regarding recovery and settlement.

• CSR Activities: Invested in education, rural development, and environment-friendly initiatives.

Governance Compliance: Secretarial and statutory audits confirmed compliance with SEBI and Companies Act provisions, with no adverse remarks.