Vaibhav Global Limited, a global E-retailer of fashion jewellery, accessories and lifestyle products, has catapulted to 65th rank in Fortune India’s Next 500 list released in March 2021.
The list comprises of mid-sized Indian companies outside of but in continuation to the Fortune 500 list. Effectively, these two lists rank the top 1,000 companies in India. The companies in the Next 500 list have the potential to become the largest corporates in India.
Since 2017, VGL has consistently been climbing the ranks in the Fortune India’s Next 500 list. VGL ranked 219, 162, 147 and 132 in 2017, 2018, 2019 and 2020, respectively. Compared to last year, VGL’s rank has improved by a notable 67 places this year.
Commenting on this recognition, Vineet Ganeriwala, the Group CFO of Vaibhav Global Limited said, “It fills us with immense pride to see our company constantly improve on the rank. Top notch customer experience is very important for us, as we are a digital retail company. Our robust infrastructure and agile business model enable us to identify and swiftly align with the evolving needs of our expanding customer base. Affordable product range even amidst global uncertainties like the current pandemic has helped us create a strong value proposition. We, as a team are constantly working towards “Delivering Joy” to all our stakeholders.”
Vaibhav Global ended at Rs3,961 apiece up by Rs103 or 2.67% from its previous closing of Rs3,858 apiece on the BSE.
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( With inputs from indiainfoline)