Vaibhav Global Limited (VGL), formerly known as Vaibhav Gems, is a multinational electronic retailer and

manufacturer Manufacturing is the creation or Production (economics), production of goods with the help of equipment, Work (human activity), labor, machines, tools, and chemical or biological processing or formulation. It is the essence of the secondary se ...

fashion jewelry Costume or fashion jewelry includes a range of decorative items worn for personal adornment that are manufactured as less expensive ornamentation to complement a particular fashionable outfit or garmentBaker, Lillian. Fifty Years of Collectabl ...

and lifestyle accessories. It sells its products through its

home shopping Home shopping is the electronic retailing and home shopping channels industry, which includes such billion dollar television-based and e-commerce companies as Shop LC, HSN, Gemporia, TJC, QVC, eBay, ShopHQ, Rakuten.com and Amazon.com, ...

channels,

Shop LC Shop LC, formerly known as Liquidation Channel and The Jewelry Channel, is an American cable television shopping channel based in Cedar Park, Texas, a suburb of Austin. The network is a subsidiary of the India India, officially the ...

in the

United States The United States of America (USA), also known as the United States (U.S.) or America, is a country primarily located in North America. It is a federal republic of 50 U.S. state, states and a federal capital district, Washington, D.C. The 48 ...

and TJC in the

United Kingdom The United Kingdom of Great Britain and Northern Ireland, commonly known as the United Kingdom (UK) or Britain, is a country in Northwestern Europe, off the coast of European mainland, the continental mainland. It comprises England, Scotlan ...

. The company is headquartered in

Jaipur Jaipur (; , ) is the List of state and union territory capitals in India, capital and the List of cities and towns in Rajasthan, largest city of the north-western States and union territories of India, Indian state of Rajasthan. , the city had ...

India India, officially the Republic of India, is a country in South Asia. It is the List of countries and dependencies by area, seventh-largest country by area; the List of countries by population (United Nations), most populous country since ...

History

VGL was founded as Vaibhav Enterprises in 1980. It was later incorporated as Vaibhav Gems Limited in 1989 in

Jaipur, India Jaipur (; , ) is the capital and the largest city of the north-western Indian state of Rajasthan. , the city had a population of 3.1 million, making it the tenth most populous city in the country. Located from the national capital New De ...

. The company became Vaibhav Global Limited in 1994 and went public in 1996-97. VGL continued expanding its manufacturing and retail capabilities and in 2005-06 it acquired the STS Group of companies. During the

Great Recession The Great Recession was a period of market decline in economies around the world that occurred from late 2007 to mid-2009.

, the purchasing power of US consumers dropped significantly and VGL had to rework its strategy. The company brought the average price of its products down to $18 - $20 from $100 per piece in 2010 thereby, successfully transitioning from store-based jewelry business to discount retail business through web and TV channels. It has electronic retail units:

formerly Liquidation Channel in the US &

Canada Canada is a country in North America. Its Provinces and territories of Canada, ten provinces and three territories extend from the Atlantic Ocean to the Pacific Ocean and northward into the Arctic Ocean, making it the world's List of coun ...

and TJC formally

The Jewellery Channel The Jewellery Channel, known otherwise as TJC, is a British home shopping Shopping channel, channel and online retailer specialising in jewellery, home, beauty, fashion, gemstones and other lifestyle accessories. It is one of the main TV shopp ...

in UK &

Ireland Ireland (, ; ; Ulster Scots dialect, Ulster-Scots: ) is an island in the North Atlantic Ocean, in Northwestern Europe. Geopolitically, the island is divided between the Republic of Ireland (officially Names of the Irish state, named Irelan ...

. These are wholly owned TV channels as well as e-commerce platforms. The combined reach of these two TV channels is about 123 million households. In September 2023, it was announced that VGL had acquired the assets of Ideal World Ltd., a Peterborough, UK-based home shopping channel that went into administration in July 2023.

Awards and recognition

* Vaibhav Global conferred 'Best Governed Company' At 20th edition of ICSI National Awards for Excellence in Corporate Governance * VGL was ranked 234th in ''

Fortune Fortune may refer to: General * Fortuna or Fortune, the Roman goddess of luck * Luck * Wealth * Fate * Fortune, a prediction made in fortune-telling * Fortune, in a fortune cookie Arts and entertainment Film and television * ''The Fortune'' (19 ...

'' ''India's Next 500'' list of India's largest mid-sized companies by revenue in the year 2013-14. * It also ranked 3rd amongst ''India's top 50 wealth creators'' list by ''Fortune India'' magazine. * The company was awarded the ''Indian Gem and Jewellery Award'' 2015 for

silver Silver is a chemical element; it has Symbol (chemistry), symbol Ag () and atomic number 47. A soft, whitish-gray, lustrous transition metal, it exhibits the highest electrical conductivity, thermal conductivity, and reflectivity of any metal. ...

jewelry and also for ''Most Socially Responsible Company.''

References

External links

* {{Official website, http://www.vaibhavglobal.com/, VGL official website Online retailers of India Retail companies of India Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange

History

Awards and recognition

See also

References

External links