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August 31, 2015 4:19 AM ET

Diversified Consumer Services

Company Overview of VLCC Healthcare Ltd.

Company Overview

VLCC Healthcare Ltd. provides wellness and beauty services to customers in South Asia and the Middle East. It offers weight management; beauty treatment, such as skin and hair therapies; dermatology; and day spa services. The company was founded in 1989 and is based in Gurgaon, India with locations in India, the United Arab Emirates, Oman, Bahrain, Qatar, Kuwait, Sri Lanka, Bangladesh, and Nepal.

64, HSIDC Sector 18

Maruti Industrial Area

Gurgaon,  122015

India

Founded in 1989

Phone:

91 12 4471 9700

Fax:

91 12 4401 1371

Key Executives for VLCC Healthcare Ltd.

Managing Director
Founder and Mentor
Vice President of Operations
Compensation as of Fiscal Year 2015.

VLCC Healthcare Ltd. Key Developments

VLCC Inks Equal Joint Venture with Caregen Co

VLCC has inked an equal joint venture with Caregen Co to make and sell the latter's specialised skincare and hair care products in India. The new venture, VLCC Caregen, will initially import Caregen's range of functional 'cosmeceutical' brands, including Dermaheal, Renokin, and Dr. CYJ, that span across categories such as anti-ageing, pigmentation, hair loss and hair regrowth solutions. Partnership extends to sharing technical resources and providing support for clinical trials. As part of the agreement, Caregen will work with VLCC R&D team to conduct studies on new products and innovation and provide technical support for clinical trials.

VLCC Is Reportedly Looking To Expand In Africa

VLCC Healthcare Ltd. is looking to expand aggressively in Africa. Kenya, Tanzania, Uganda, Nigeria and South Africa are some of the countries identified by VLCC where it will open its slimming and beauty-care centres. "We are in real acquisition mode and we are in talks with several companies in the wellness domain. You will soon hear an announcement from us," VLCC Founder and Vice-Chairperson Vandana Luthra told PTI. Luthra, however, refused to share details such as size and geography of the acquisition that is on the cards.

Everstone To Reportedly Sell Its 15% Stake In VLCC

Everstone Capital Management is planning to sell its 15% stake in VLCC Healthcare Ltd. and has asked Equirus Capital Pvt. Ltd to act as financial advisor for the transaction and find buyers, reported MINT citing two people aware of the development requesting anonymity. One of the people added that the transaction could be worth INR 3.5 billion. A source said, "The mandate has just been given out and it is very early to say who the new investors could be or the final valuation." Sandeep Ahuja, Managing Director of VLCC said, "Investors who have been with a company for a respectable period want to know what possibilities are available (for exits)." Sandeep refused to say whether Everstone was looking to exit the company. Everstone declined comment.

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