Vaibhav Global Limited (VGL), a global electronic retailer of fashion jewellery and lifestyle accessories, moved up the ranking scale to 147th position, in Fortune India's Next 500 list released in March 2019, which includes the most promising Indian companies outside the Fortune 500. The company has consistently improved its ranking from 219 in the same list in 2017 to 162 in 2018 and jumped 15 places this year to 147.
Fortune India's Next 500 list, the definitive ranking of the most promising mid-sized companies in the country, is a continuation of the Fortune India 500 list. Together these lists rank India's 1,000 largest and most successful companies. The Next 500 compilation is based on the audited financials for fiscal 2018 and includes companies that display the potential to become the largest corporations in the country.
Speaking on the occasion, Mr. Puru Aggarwal, the Group Chief Financial Officer of Vaibhav Global Limited said - "We are delighted to feature on Fortune India's Next 500 list year after year alongside most promising companies in the country. This year we further strengthened our position progressing to the 147th rank. Armed with a strong team and a clear vision to be the value leader in electronic retailing of fashion jewellery and lifestyle accessories, we are confident of delivering robust performance over the years to come. We stay inspired by and committed to our purpose of delivering joy to all our stakeholders and we believe this emphasis is crucial for long-term growth and value creation."
Shares of Vaibhav Global Ltd was last trading in BSE at Rs.627 as compared to the previous close of Rs. 628. The total number of shares traded during the day was 182 in over 10 trades.
The stock hit an intraday high of Rs. 630 and intraday low of 627. The net turnover during the day was Rs. 114199.