Vaibhav Global

Vaibhav Global Limited (VGL) is an Indian company that operates television shopping channels and e-commerce platforms, primarily focused on jewellery, gemstones, and lifestyle products. The company is headquartered in Jaipur, Rajasthan, and runs retail operations in multiple international markets.

Vaibhav Global Limited

Company type	Public
Traded as	BSE: 532156 NSE: VAIBHAVGBL
Industry	Retail
Founded	1980
Founder	Sunil Agrawal
Headquarters	Jaipur, Rajasthan, India
Area served	United States, United Kingdom, Germany, Austria
Key people	Sunil Agrawal (Managing Director)
Products	Jewellery, gemstones, lifestyle products
Brands	Rhapsody, Luxoro, Homesmart, LA Marey, Luxuriant, Rachel Galley, Strada, Genoa
Revenue	₹3,380 crore (US$403 million) (FY 2024–25)[1]
Operating income	₹317 crore (US$38 million) (FY 2024–25)[1]
Net income	₹153 crore (US$18 million) (FY 2024–25)[1]
Subsidiaries	Shop LC (US), TJC (UK), Ideal World (UK & Ireland), Shop LC DE (Germany), Mindful Souls
Website	Official website

History

The company began as a gemstone exporter in 1980 and was incorporated as Vaibhav Enterprises in 1989. It was listed on Indian stock exchanges in 1996. In the mid-2000s, the company expanded into television retailing in the United States and United Kingdom. Following the 2008 financial crisis, VGL restructured its operations with an emphasis on lower-cost consumer products and developed online retail alongside its television channels.^[2][3][4]

Operations

VGL operates television shopping channels and e-commerce websites in the United States, the United Kingdom, Germany, and Austria. Its main platforms include Shop LC (US), TJC (UK), Ideal World (UK and Ireland), and Shop LC DE (Germany).^[5][6] In 2023, the company acquired the Mindful Souls platform, which offers lifestyle and wellness products.^[7]