Vaibhav Global Limited (VGL), formerly known as Vaibhav Gems, is a
multi-national electronic retailer and
manufacturer of
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 channels,
Shop LC in the
United States and
TJC TJC may refer to:
*Tennessee Justice Center, a non-profit advocacy organization and a law firm
*The Jewish Channel, a cable television channel
*The Joint Commission, a non-profit tax exempt organization in Illinois, United States
*Tibet Justice Cen ...
in the
United Kingdom. The company is headquartered in
Jaipur,
India.
History
VGL was founded as Vaibhav Enterprises in 1980.
It was later incorporated as Vaibhav Gems Limited, in 1989 at Jaipur, India. 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 acquired STS Group of companies.
During
the recession of 2008-09, 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:
Shop LC formerly Liquidation Channel in the
US &
Canada and TJC formally
The Jewellery Channel
TJC is a British home shopping channel and online retailer specialising in jewellery, home, beauty, fashion, gemstones and other lifestyle accessories. It is one of the main TV shopping channels in the UK. The channel launched on 4 April 200 ...
in
UK &
Ireland.
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.
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
* Fortune, a prediction made in fortune-telling
* Fortune, in a fortune cookie
Arts and entertainment Film and television
* ''The Fortune'' (1931 film) ...
'' ''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 jewelry and also for ''Most
Socially Responsible Company.''
See also
*
TJC (TV channel)
*
Shop LC
*
ShopLC Germany
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