After tasting success in India, VLCC is laying plans to expand operations both in India as well as abroad. The beauty and wellness major currently operates 187 centres in India and 49 centres internationally – in Malaysia, the UAE, Qatar, Oman, Bahrain, Kuwait, Bangladesh, Nepal and Kenya.
Founder Vandana Luthra says she wants to add 64 centres globally by 2019, out of which 48 will be in India, 10 in the GCC region and the rest in Malaysia. The group plans to invest a total of Rs 80.64 crore.
Apart from this, the company is setting up a manufacturing facility in Assam which will cost Rs 28.13 crore and 15 vocational training institutes over the next three years at a total of Rs 7.35 crore.
The company is also coming up with an IPO in the next three to four months – one of the few in the beauty segment to be listed.
A report by Frost & Sullivan puts the beauty and wellness industry in India for products and services at an estimated Rs 1,20,000-1,30,000 crore. VLCC has a 15 per cent share in the organized beauty and wellness market.