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Vaibhav Global moves up to rank 132 in Fortune India's Next 500 list

Posted On: 2020-03-30 10:53:01

Vaibhav Global Limited (VGL), a global electronic retailer of fashion jewellery, accessories and lifestyle products, ranks 132nd in Fortune India's Next 500 list released in March 2020. This list includes the most promising Indian companies outside the Fortune 500. VGL has consistently been improving its performance and has moved up the ranking scale from 162 in the same list in 2018, to 147 in 2019, and has jumped 15 places this year to 132.

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 includes companies that display the potential to become the largest corporations in the country.

Commenting on this recognition, Mr. Vineet Ganeriwala, the Group CFO of Vaibhav Global Limited said - "We are pleased to share that we have moved up 15 places to rank 132 in Fortune India's Next 500 list released in March 2020. Our performance over the years is a testimony to the strong connect we have established with customersin our retail geographies of US and UK. During the current global health emergency, we have leveraged our operations to further serve our customers. Supported by our agile supply chain we have expanded our product offerings to include essential items like hand sanitizers, masks,surface cleaners, food supplements, household essentials and the like. As a company, we will continue to work relentlessly to deliver value and joy to our entire ecosystem including consumers, employees, suppliers, societies, environment and shareholders."

Shares of Vaibhav Global Ltd was last trading in BSE at Rs.713.45 as compared to the previous close of Rs. 703.65. The total number of shares traded during the day was 610 in over 81 trades.

The stock hit an intraday high of Rs. 726.55 and intraday low of 699.95. The net turnover during the day was Rs. 437340.

Source: Equity Bulls

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