At VGL, good governance is more than just being compliant with prevailing law as a checkbox.
Accountability, robust processes and transparency are integral to our value system. The impact of best practices adopted by the management are reflected in the success and growth of our company as well as the numerous external recognitions we have received for these practices. VGL operates this business as a custodian of our stakeholders, with a strong sense of trusteeship.
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 jewellery and lifestyle products worldwide.
The Board of Directors who have enriched VGL by their stewardship are listed below.
Mr. Sunil Agrawal is a commerce graduate with an MBA from Columbia University, New York (USA). A first-generation entrepreneur, he established Vaibhav Enterprises in 1980, intending to professionalize the Gems and Jewellery Trade. He has traveled widely and garnered immense knowledge of gemstones and jewellery. He has brought this expertise to bear on the success of the Company. He has represented the Company at most significant international trade shows and jewellery fairs and is also credited with pioneering the commercialization of popular gemstones like Tanzanite.Read More
Mr. Harsh Bahadur is MA in History from St. Stephen's College, Delhi University, and MBA from Boston University, the USA, in 1979. He has 33 years of rich experience in the Retail, Branded FMCG, Music, Sportswear, Business services, and Jewellery 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 the past, he has worked with Hindustan Unilever for 11 years. He has held the office of CEO for the RP G Music International – a group Company that owned over 80% of the 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 globally, to lead the launch of this International retailer into the Indian Market. After serving Metro India as the MD for six and a half years, he joined a Reliance Retail Initiative division as the President and CEO. He also worked as General Manager, Wholesale – India for Tesco, the world's 3rd largest retailer.Read More
Mrs. Sheela Agarwal is an active social worker. She possesses excellent acumen and business understanding. She is a religious lady and is the mother of Mr. Sunil Agrawal, Managing Director.Read More
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, before which he worked with Unilever in India as a Production Management Trainee. He holds an engineering degree from IIT Delhi.Read More
Mr. James Patrick Clarke is a Bachelor of Science from United States Military Academy, West Point, New York, and an MBA from Harvard University Graduate School 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, jewellery, and home products, as Chief Executive Officer QVC China.
Ms. Stephanie Spong is a venture capitalist with over three decades of professional experience in strategy, operations, and finance, working with both start-ups and established companies in the U.S., Japan, Hong Kong, and Mexico. She brings seasoned business judgment and financial skills, and as Managing Director of Razorfish’s Los Angeles office, she gained valuable operating experience and immersion in the digital media space.
Her previous experience includes Goldman Sachs, McKinsey, Citibank, EPIC Ventures, Royal Street Ventures, and Monitor Group. Since 2006, Ms. Spong has supported fast-growth venture-backed start-ups in tech-enabled industries as a board member and board observer/adviser.
Ms. Spong is a graduate of Brigham Young University and earned her MBA from Harvard Business School.
Mr. Sanjeev Agrawal, aged 55 years, is a commerce graduate from the University of Rajasthan and is a renowned personality in Natural Dimensional Stones in India and across the globe. A first-generation entrepreneur, he established Stone Age Group in 1991 to promote Indian Stones in the global market. In the last 30 years, he diversified the Stone Age Group from a Stone trading company to various manufacturing facilities and supplied different types of natural stones to numerous prestigious projects worldwide.
Mr. Agrawal was instrumental in establishing Strata Stones limited in 2005, a company registered in England, to have a European presence. The Company is now one of the leading suppliers of Natural Stones to the landscape industry within the UK.
Mr. Agrawal has started another venture, "ORVI Design Studio" in 2013, a company with a strong R&D culture and engaged in creating unique surfaces and articles used in high-end projects around the world and have won many international awards.
Mr. Sunil Goyal has vast experience in finance, Internal Control, Risk Assessment and Risk Management, Corporate Governance, Accounting Standards, Assurance, Banking and Insurance, and Judicial process, being a member of various disciplinary committees. He has been deeply involved with the setting and implementation of Accounting and Auditing Standards in India. He has authored multiple books and articles in leading journals.
Mr. Goyal has been President of the Institute of Chartered Accountants of India in 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 the 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 of various listed and non-listed entities. He served as an independent director of the United Bank of India also. He has been a member of the various committee set up by the 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.
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. Nitin Panwad is Chartered Accountant and finance leader with more than 11 years of rich experience
across diverse profiles and multiple geographies.
He is trusted business partner providing strategic direction and supporting business growth, managing stakeholders. He has successfully led various transformation initiatives resulting in process improvements, cost efficiencies, improved margins, leading to sustainable growth. He plays a pivotal role in set up of Germany subsidiary and its operation.
Mr. Vineet Ganeriwala is a qualified Chartered Accountant and has done Executive Programme in Business Management from IIM Kolkata and International Programme on Development of Management Perspectives from IIM Kolkata.
Mr. Ganeriwala is a finance leader with 21 years of experience across diverse industries (listed Indian companies and multinational corporations) and multiple geographies. He has been proficient at providing strategic direction, engaging with stakeholders and Board members. He has successfully led various transformation initiatives resulting in process improvements, cost efficiencies, improved margins, leading to sustainable growth.
Prior to the current assignment, Mr. Ganeriwala has worked with Vodafone Group as Country Finance Controller for Italy and Germany. He has also served as Finance Controller at Astra Zeneca Pharma India Ltd. (listed Company) and Head of finance for Rajasthan circle at Aircel Ltd.
Mr. Pushpendra Singh started his career with NTPC as a Management Trainee immediately after completing his postgraduation in management. His keen sense of human behavior dynamics had him win the 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 thought 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.Read More
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 from 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. Like Gems Studded Stainless Steel Jewellery, Ion Plating, etc., his initiatives are ground-breaking in the Jewellery industry. For an industry that is typecast as labor-intensive, Mr. Singh has led many automation drives and successfully grinding out cost efficiencies. His relentlessness is not limited to saving costs and improving product quality, as his versatility is reflected in the construction of VGL's SEZ Factory in record time. He affirms that the 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.Read More
Ankur is a growth-focused executive who overcomes complex business challenges by matching customer unmet needs through teamwork and collaboration. He comes with over 20 years of spread-out experience in retail as a senior leader driving merchandising & innovation strategy across all different channels from Caribbean store chains to TV Shopping to recent experience of Digital Marketplace. Ankur has a proven background in jewelry and in his previous roles he was instrumental to bring the company from extinction to the fastest growing TV Shopping Network through his entrepreneurial, sharp business acumen and team empowerment skills. He holds an MBA in Marketing & Finance. Mr. Sogani draws on his passion for jewelry, gemstones, and creating innovative selling techniques that places him a leading expert in the jewelry and gemstone home shopping trade.
His strong ability to recognize trends has influenced several million dollars brands under his management. Sogani is also known for having a keen working relationship with technology teams leading to strong product roadmaps and solid execution. Sogani also established the procurement facilities across China, Bali, India, Bangkok, and Philippines, instituting low-price point multichannel merchandising strategies to achieve the lowest return rate and the highest gross profit rate in the industry. Recently, he has been elevated to the position of Vice President (Commercial) at Shop LC, USA.
Mr. Sogani has a great passion for color gemstones and is working on writing his own book with different stories and experiences. He loves meditation and travelling.
Mr. Deepak Sharma has a considerable and experienced career in the retail world. He is a commerce graduate with an MBA. He began his career as a Merchandiser in textile industry in 2006. In that capacity he participated in developing products for US and UK retailers. In 2008, he joined Vaibhav Global Limited, as an Assistant Manager and has been a part of the organization’s growth and success since the past 14 years. In 2015, he was offered the role of GMM for Lifestyle Buying & Merchandising in ShopLC. During this period, he along with his team elevated GMM’s revenue substantially. Thereafter, he was appointed as the Senior Director and Vice President of owned brands in 2021-22 A strong focus on positive customer experience has helped him to successfully navigate a complex retail environment and stay ahead of the trends for business and improve customer retention. He has served on the Covid task force team at ShopLC, wherein he implemented safe mitigation practices to protect employees and their families. His hobbies include spending time with his family, listening to music, and engagement in social activities.Read More
Mr. Srikant Jha joined VGL Group straight out of his MBA school in 2007. After spending two years as a Management Trainee, learning the manufacturing and sourcing side of the business, Srikant spent the last ten years at ShopLC (Austin, Texas) and has been instrumental in its growth since then.
Mr. Jha, with his great analytical skills and proven leadership qualities, has been able to excel in fast-paced, high-pressure environments while maintaining an upbeat, positive attitude. He has been a key member of ShopLC and has witnessed the company grow from a team of 58 employees in 2009 to a highly profitable business with a team of nearly 500 employees as of today.
In his recent role as VP of Sales and Marketing at ShopLC, Mr. Jha was managing major business areas, including marketing, sales, eCommerce, content, planning, etc., and has built a solid team to drive the business forward. In his journey at VGL, in July 2019, he was appointed Managing Director, TJC, UK.
His passion, sense of humor, and high energy have always made him popular among his colleagues, family, and friends. When he is not working, Srikant likes to spend time with his family and friends.
A Commercial Director with 14 years’ experience in the TV Home Shopping industry with a proven track record of achieving sales and profit growth. Skilled in Team Leadership, Multi-channel Retail, E-commerce, Trend Analysis, Strategy Building and Developing New Categories. Cross category experience, including Jewellery, Accessories, Fashion, and Home. Led the creation of new strategies to rejuvenate the Jewellery category which was in decline, achieving double digit turnover growth within 2 years and increasing the overall profitability.Read More
Mohammed is a visionary IT industry executive with over 20 years’ experience in transforming, building and operating modern IT organizations, technology roadmaps, and application portfolios. Before joining VGL, Mohammed was involved in directing product development and market strategy at various corporates. Having led 50+ product management, engineering and AI solutions teams, he was also instrumental in developing MLOps platform and AI solutions for clients in a range of industries (space, defense, industrial, high tech manufacturing).Read More
Mr. Ashish Dawra is a highly experienced IT leader and technology strategist with extensive experience of presiding over global teams and has been with the Group for almost 2 decades now. He has delivered technology platforms for TV shopping, website, mobile apps, Smart TV, contact centres, logistics & ERP domains for retail business. His experience includes leading IT programme management, application development, infrastructure, security & operation teams.
Mr. Dawra has led many business transformation initiatives, including re-platforming of world leading technology solutions in the e-commerce and call centre sectors. He has been instrumental in transitioning application development into a hybrid engagement model between new vendors and building internal technology strength.
Ashish holds M.Sc. in computer science and is passionate about accelerating digital business through technology. His in-depth business understanding, "never-say-die" attitude, dedication, and strong people skills led to delivering many projects as per the plan and helped build a strong technology team that is more like a family. Ashish likes playing cricket, badminton, watching movies and spending time with family and friends.