By using this site, you agree to the Privacy Policy and Terms of Use.
Accept

Theindiabizz

  • Explore
    • India
    • Business
    • Venture capital
    • Private equity
    • Product Roadmap
  • News
    • Market
    • acquisition
    • Funding
    • energy
    • Automobile
  • Industry
    • Beauty Sector
    • Entertainment
    • Hotel Industry
    • Enterprise IT
    • Property
    • Consumer Internet
    • Tech
    • E commerce
    • Agency
    • Edtech startup
    • Banking Sector
  • Health
  • Leadership
Search
More
  • Her Story
  • Interview
  • Art And Culture News
  • Women Power
  • cryptocurrency
  • current affairs
  • Investor Pitch Deck
  • List of Indian VCs
  • List Of Investors In India
  • pr-newswire
  • Press release
  • Raise fund
  • Submit Startup
  • Write for us
  • Partners
  • Jobs
  • Privacy Policy
Reading: Vikas Multicorp Ltd. Announces Board Meeting; To Evaluate Various Opportunities
Share
Notification Show More
Latest News
Techie Turns Son’s School Project Into Startup, Builds Affordable Electric Bikes
Techie Turns Son’s School Project Into Startup, Builds Affordable Electric Bikes
February 4, 2023
LordsMed teams with Hindustan Antibiotics for rapid antigen test kits distribution
LordsMed teams with Hindustan Antibiotics for rapid antigen test kits distribution
February 2, 2023
D2C superfood brand Nourish You raised $2 million in seed from Y Janardhana Rao and others
D2C superfood brand Nourish You raised $2 million in seed from Y Janardhana Rao and others
February 1, 2023
Electric scooter and swappable-battery company Bounce Infinity raised $20 million funds from Sequoia
Electric scooter and swappable-battery company Bounce Infinity raised $20 million funds from Sequoia
January 31, 2023
Spice Story Gets Funded By a Shark, Raises Rs 70 lakh for 5 pc Equity
Spice Story Gets Funded By a Shark, Raises Rs 70 lakh for 5 pc Equity
January 30, 2023
Aa
TheindiabizzTheindiabizz
Aa
  • Business
  • Politics
  • Funding
  • Health
  • Science
  • Fashion
  • acquisition
  • Agency news
  • Beauty Sector
Search
  • Explore
    • India
    • Business
    • Venture capital
    • Private equity
    • Product Roadmap
  • News
    • Market
    • acquisition
    • Funding
    • energy
    • Automobile
  • Industry
    • Beauty Sector
    • Entertainment
    • Hotel Industry
    • Enterprise IT
    • Property
    • Consumer Internet
    • Tech
    • E commerce
    • Agency
    • Edtech startup
    • Banking Sector
  • Health
  • Leadership
Have an existing account? Sign In
Follow US
Business

Vikas Multicorp Ltd. Announces Board Meeting; To Evaluate Various Opportunities

Editor Desk
By Editor Desk Published January 5, 2021
Last updated: 2021/01/05 at 12:11 PM
Share
SHARE

BSE and NSE listed Vikas Multicorp Ltd., in their release to the exchanges, announced its agenda of the board meeting scheduled to be held on 12th January, 2021 in which, other than the 3rd quarter results that would be approved, the board is scheduled to “Evaluate various business opportunities including acquisition of existing business(s)/assets, consequent change in Main Objects and Name of the company to signify its core business activities.“

Although there is no official word on the new business opportunity in the notice given to the exchanges, there could be chance of substantial investment in pharmaceutical business. VML would have two main verticals, going ahead- FMCG businesses relating to Food Protection and Personal Hygiene segment & Cashew nuts and the 2nd vertical being Pharmaceutical products.

Over the last few months, Albula Investment Fund, LTS Investment Fund, and Alintosch Pharma (Baidyanath group) have all picked up stake in Vikas Multicorp Ltd.

Vikas Multicorp Ltd. had earlier announced that it had constituted an Advisory Board consisting of eminent personalities with the purpose of providing guidance and act as a sounding board to the senior leadership team in the company including the Board of Directors. The nature of the board is non-statutory status and members will be invited to join the Advisory board based on past credentials.

Enters FMCG Segment with Rs. 100 Cr. Investment

VML had announced last year that it will enter the food protection and personal hygiene segment of the FMCG industry with an investment of approximately Rs. 100 crore in two years. The company has ventured into the ‘Food protection and Personal Hygiene‘ segment of FMCG Industry with acquisition of prestigious Brands for Aluminium Foil and Tissues ‘HOMEFOIL‘, ‘CHAPATIWRAP‘, ‘CLEANWRAP‘ & ‘MISTIQUE‘. VML intends to acquire further businesses as well as expand its footprint all over India.

Vikas Multicorp said the demand of aluminum foil and tissue paper products in India has been growing at a fast pace and is expected to continue to grow in view of present per capita consumption is quite low.

These brands have evolved over a period of three decades and are well established names in the domestic market, enjoying very visible and prominent presence in the market at more than 10 Lac retail counters across the nation besides being sold to prestigious institutional customers like Taj group of Hotels, Meridian, Maurya Sheraton, Oberoi, Inter-continental, Hyatt, Marriott and all other big hotels, all the big hospitals like Apollo, Escorts, Max, Gangaram, Vimhans, Fortis, Moolchand etc., Airlines like Air India, Jet Airways, Jet light, Alliance Air etc., Canteen Stores Department (CSD), and Railways and Airport Authority of India.

In addition, these brands enjoy significant presence in all big retail chains and online platforms. These brands also have recognition in International markets, especially in UK, Middle East and European countries. The Company is planning to foray in to complete solutions for Food Protection, and Packaging Personal Hygiene needs of Indian households at one stop shop.

1
0
0
0
Total
1
Shares
Share 1
Tweet 0
Pin it 0
Share 0
Editor Desk January 5, 2021
Share this Article
Facebook TwitterEmail Print
Share
Posted by Editor Desk
Follow:
We are a platform that balances both woke and informative content relevant to the masses. Catch the latest updates on business, travel, tech, and Entrepreneur, Startup News, Funding news, Indian Startup Ecosystem The India Bizz. News that brings a buzz
Previous Article Sleepwell Welcomes 2021 with its Annual “Run for Health” Initiative
Next Article Camouflage your Shelves with Hafele’s Blum Pull-out Shelf Lock
Leave a comment

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

You Might Also Like