Vgl Milestones

VGL was launched as Vaibhav Enterprises in 1980; since then, 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 jewellery and lifestyle accessories.

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


Launched Vaibhav Enterprises.


Incorporation of Vaibhav Gems Limited.


VGL takes over Vaibhav Enterprises for forward integration.


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


Set up 100% EOU at EPIP, Sitapura.


Issued Bonus shares in 1:1 ratio.

  • Major capacity enhancement through setting up of new state of art jewellery manufacturing unit.
  • Commissioned micro weight gold chain plant.
  • Setting up of Retail Chain stores at major international tourist destinations.
  • Diamond Processing Unit in Adarsh Nagar, Jaipur.
  • Enhanced 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. Martin.
  • Completion of US $70 Million GDR issue successfully.
  • Warburg, one the leading private Equity Investor of the world acquires more than 27% Equity Stake in the company.
  • Received highest Export Award (Colored Gemstone Category) for the 15th time, 13th time in succession.
  • Started a 24-hour jewellery TV shopping channel in Germany and UK - TJC.
  • Launched TJC, VGL’s US retail operations. ShopLC (formerly Liquidation Channel) started operations from April 2007.
  • Received highest Export Award (Colored Gemstone Category) for the 16th time, 13th time in succession.
  • Nalanda India Fund limited, one of the very reputed private equity funds, has invested USD 25 million in the Company.
  • Launched online Appraisals globally.
  • In 2009, VGL Closed businesses where management did not have visibility of cash generation. Hence, exited German TV retail market; Caribbean / Alaska B&M Retail markets.
  • 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).
  • 2010 saw further consolidation and Transformation to B2C model: Radically changed product mix bringing in entirely new, lower price point product ranges to customers. New product mix lowered average price point to USD 41/piece from USD 132 in FY08.
  • Launched many new inexpensive product lines – good customer response. Capacity expansion plan at Jaipur facilities to cater to rising demand from US/ UK B2C retailing.
  • Received the Rajasthan State award on the account of Export Excellence in the year 2008-09 from the Government of Rajasthan.
  • Vaibhav Gems was renamed to Vaibhav Global Ltd.
  • VGL Launched Lifestyle products (scarves, bags, watches, mobile covers etc.).
  • Received the "India Gem & Jewellery Awards 2013" in the category of "Silver Jewellery" from the Gems and Jewellery Export Promotion Council.
  • The Company has exited from Corporate Debt Restructuring System on 20th June, 2013 by paying recompense amount on 31st March, 2013.
  • Facility was established in Bandra-Kurla Complex for undertaking Mumbai business operations adding to Andheri SEEPZ office.
  • Redemption of preference shares amounting to ₹440 million.
  • 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).
  • Human Resource Information System “SuccessFactors” launched in VGL.
  • 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.
  • 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.
  • 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.
  • ₹2.40 per Equity Share has been paid as an Interim Dividend after 7 years.
  • Completion of open offer; promoter group along with management acquired ~28% stake.
  • FY14 turns out to be VGL’s golden year with 1.3 mn+ registered users.
  • Expanded integrated US operations in Texas to over 65K sq ft. and also moved UK operations to a new 30K sq ft facility in London.
  • Strengthened board with 4 more Directors.
  • ₹1.6 billion FCF used to repay debt and redeem preference shares.
  • Launched "TJC Gold" channel for dealing in high-end items.
  • Launched Associate Senate for Employee Engagement.
  • Solar power on roof top of our E-68 building.
  • 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.
  • New categories of Product Line “Lifestyle” will include products of Home Décor, Beauty and Haircare added to the current product mix of Jewellery, Hand Bags and Scarves.
  • New channel “TJC Choice” was launched which gives dual listing on Sky as well as Freesat in UK.
  • Vaibhav Global’s US subsidiary launches new mobile website, set to improve customer experience.
  • ‘Liquidation Channel re-branded to ShopLC in the US’.
  • FY15 & FY16 saw massive infrastructural overhaul and upgradation driven mostly by market demand and competitive intensity.
  • Investment went into shifting from proprietary website platform to SAP-Hybris platform for US website and Demandware for UK website.
  • EMI through ‘Budget Pay’ launched first on ShopLC TV channel followed by roll-out on US website. It has now been expanded to our retail channels across both USA and UK.
  • Operations commenced at 1,15,000 sq ft. LEED certified ‘Gold Level’ building in SEZ-II Jaipur. With this, VGL’s production capability has doubled.
  • New warehouse for better logistics and Studio operationalized in the US to better present VGL’s vast lifestyle product offering.
  • FY17 has seen household reach at over 110 million, recent launch of upgraded Mobile APP for ShopLC US and TJC for UK market will further strengthen customer engagement.
  • Re-emergence of free cash flow, having completed all major CapEx.
  • Credit Rating for the Long term / short term bank facilities have been upgraded by one notch from CARE BBB+/A2 (Triple B plus / A Two) to CARE A2+ (A Two) which denotes stable outlook. Other Short term bank facilities have been upgraded to CARE A2+ (A Two Plus) from A2 (A Two) .
  • Creche facility for employees’ kids across India.
  • Our China unit got GTPW.
  • Our manufacturing unit in SEZ phase –II got Green building certification.
  • Vaibhav Global’s US Subsidiary - ShopLC Recognized as Commitment Level Recipient by the Quality Texas Foundation.
  • Vaibhav Global climbs to 162nd rank in Fortune India’s Next 500 list.
  • Most Socially Responsible Company/Highest CSR for the financial year 2015 – 16.
  • Indonesia – sourcing wings started.
  • Our manufacturing unit in SEZ phase – II got Green building certification.
  • Best performance in the category of 'Gold, Silver & Platinum Jewellery'.
  • Launch of Recruitment, Onboarding & Compensation (ROC) business modules.
  • Sourcing unit in China.
  • Import license in Bangkok.
  • Received GPTW for TJC (Our UK arm).
  • Highest Export turnover in the category of Gold/Silver/Platinum & Artificial Jewellery for the Year 2018-19.
  • Global Launch of Enterprise Recourse Planning (ERP).
  • Declared as GTPW in India, China & US.
  • Cheers to Peers an initiative to appreciate our employees for their support in India.
  • Wall of Joy to showcase and celebrate the employee’s success.
  • Vietnam, Philippines – product sourcing started through local hiring.
  • Vaibhav Global's US subsidiary, ShopLC, recognized as 'Global Business Award Winner' for 2019.
  • Vaibhav Global climbs to 132nd rank in Fortune India’s Next 500 list.
  • Received award for "Happy companies to work with" for from world happiness congress.
  • Received award for National Best Employer Brands 2019 from World HRD Congress.
  • Launched TJC plus.
  • Vaibhav Global’s US arm named 2020 Business Champion Award Recipient.
  • Declared as GTPW in India, China, US & UK.
  • Global Launch of Learning Management System.
  • Launched ADP in US.
  • Started sourcing from Bangladesh through local hire.
  • Ventured into textile manufacturing by launching “Vaibhav Lifestyle Limited”.
  • Started operations in Canada & Japan through Market Places.
  • Launched TJC Beauty.
  • SEZ building in Jaipur is the only manufacturing unit in Rajasthan having LEED Platinum Certification under LEED V 4 O&M. Certificate valid for 5 years.
  • Launched Germany Operations.
  • Added additional capacity to solar power plant, making it to a capacity of 3.2 MW. It now supports 2 manufacturing units in Jaipur.
  • Go Green - Developing a mini forest through Miyawaki Method.
  • Humanocracy launched in the organization to ensure Micro Enterprises.
  • 65th rank in Fortune India's Next 500 list.
  • Shop LC (US) received ‘LEED’s Gold Certification’ for 2 buildings.
  • Vaibhav Global Limited featured as ‘Best Company to Work For 2022’ by Silicon India for a transparent and enterprising work culture.
  • Shop LC (Germany) partnered with Vodafone (Germany) Cable Network and added ~13 million households. With that, our presence in Germany reached ~90% of total households.
  • Acquired Mindful Souls B.V., an e-commerce company dealing in subscription based online sales of fashion jewellery, gemstone, and lifestyle products. Incorporated in 2018 in Netherlands, it is mainly serving United States- one of the largest e-com market, through proprietary e-commerce website, and marketplaces.
  • Shop TJC Ltd (UK), a wholly owned subsidiary of Vaibhav Global Limited, executed an Asset Sale Agreement to acquire assets of Ideal World Ltd. Ideal World, through its proprietary TV shopping channel, is into teleshopping and digital retail of lifestyle products. Having a legacy of over 20 years, Ideal World is one of the major teleshopping brands in the UK.
  • Vaibhav Global Limited conferred with IGJ Award 2024 by The Gems & Jewellery Export Promotion Council (GJEPC) under ‘Cut & Polished Colored Gemstones’ category for being highest exporter from India during FY 2022-23.
  • VGL Group conferred with ‘India Risk Management Award’ under Manufacturing Sector by ICICI Lombard and CNBC-TV18.
  • VGL certified as a ‘Great Place to Work®’ for 7th consecutive year.