Vaibhav Gems Limited is a professionally managed, end to end vertically integrated fine Jewellery multinational of Indian origin with operations in five countries. Vaibhav Gems is a public limited company and is listed on BSE and NSE. VGL has its head office at Jaipur, India.
The Company is engaged in the gems and jewellery business. It is engaged in the processing of gemstones, such as fire opal, apatite, emerald and various other precious and semi precious stones. The Company operates in a single segment, which includes the Wholesale Business. The Company's products include gemstones, diamonds, jewelry and chains. It manufactures semi-precious stones, such as tanzanite, amethyst, aquamarine, citrine, pink tourmaline, red garnet, rhodolite garnet, iolite, peridot, tsavorite, and precious stones, such as emerald, blue sapphire, yellow sapphire and ruby. Vaibhav Gems Limited operates a 24 hour jewellery shopping television marketing channels in the United Kingdom and the United States. It exports coloured gemstones, diamonds and studded gold jewellery. The Companys plants are located at Jaipur and Mumbai.
Vaibhav Gems Limited (VGL) was incorporated in Jaipur, India in the year 1989. VGL started as a Gemstone manufacturer and then in 1996-97, as a forward integration, the company came out with IPO to establishing a world-class jewelry-manufacturing unit for export of gem-studded gold jewelry. First unit was set up at Adarsh Nagar, Jaipur in 1997. In the year 1999, the company set up a new 100% Export Oriented Unit at Export Promotion Industrial Area, Sitapura, Jaipur. In 2002, the company installed an Italian micro-weight gold chain manufacturing plant.
In order to further forward integrate, in April 2006 VGL ventured into Electronic retail in UK starting a live TV Shopping Channel and Ecommerce operation- The Jewellery Channel Ltd., in London. Seeing the success of the model, VGL opened another TV Shopping Channel and Ecommerce operation - Liquidation Channel, in Austin, Texas to address US market. Such vertical model allowed VGL to offer unparallel values to customers, thus rapidly capturing market share in both UK and USA. Currently The Jewelry Channel UK is broadcasting in approx 30Million Households in UK and Liquidation Channel in approx 55 Million HH's in US.
On October 12, 2007, Nalanda India Fund Limited, one of the reputed private equity funds, invested Approx USD 25 million in the Company.
VGL has received highest Export Award (Colored Gemstone Category) for the 15th time, 12th time in succession. VGL today is one of the largest exporters of colored gemstones from India, and also the one of the largest exporter of studded jewelry. CNBC, Country's most reputed business news channel, has awarded 'Emerging India Award 2006' to the company in Gem and Jewellery category. VGL has been short listed for the 3rd time in Succession for adopting good corporate governance practices, for the ICSI National Corporate Governance Award.
As of March 31, 2010, it had eight subsidiaries and seven step down subsidiaries. Its manufacturing unit in Sitapura Industrial Area is ISO 9001:2008 certified. Today VGL group has strength of 1146 dedicated and proud employees across our operations in China, Thailand, India, UK and USA.