Corporate Feature     

Published: Feb 15, 2023
Updated: Feb 15, 2023

Vikas Lifecare

Thrust on infrastructure products

BSE (542655) and NSE (VIKASLIFE)-listed Vikas Lifecare Ltd has announced that its infra project division has bagged fresh orders worth Rs 160 million for Q4FY23. The infra division has achieved Rs 630 million in sales during the current fiscal till December 31, 2022, exceeding the targeted sales volumes by 5%, and is heading to exceed the annual sales target of Rs 800 million by at least 10%.

Vikas Lifecare is poised to expand the infra products division and is moving forward with plans for creating forward integration for infrastructure-related products and materials. The company has been actively working on various proposals which are at different stages of negotiation and finalization, wherein it will actively participate in infrastructure development projects via collaborations and financial investments, thus creating a forward integration for the infra products division.

These projects will elevate the scope of business and will add to the performance of the infra products division with higher sales volumes and better profit margins for the company. Vikas Lifecare is also a DelCredere agent of ONGC and Petro Additions Limited, a public sector undertaking producing a wide variety of base polymers and commodity plastic raw materials. VLL also has a division engaged in the agro products business, empanelled with government agro entities NAFED and HOFED.

B2C FORAY

As a long-term business strategy, the ISO9001 2015 certified company, which is engaged in trading and manufacturing of polymer rubber compounds and additives for plastics, synthetic and natural rubber, has most recently diversified its business interests beyond raw materials (B2B) and has forayed into the B2C segment with a host of consumer products for the FMCG, agro and infrastructure segments, thus paving the way for aggressive business growth by adding intricately planned and selected product portfolios via acquisitions, joint ventures and tie-ups. VLL intends establishing/acquiring businesses in diverse segments so as to expand its business stakes and footprint across the country and beyond.

Stake in army canteens

VLL, as a measure of forward integration, has acquired a 30% stake in Ardh Sainik Canteens in an all-cash deal worth Rs15 crore in order to expand its retail footprint across India. This will be another giant leap forward while moving at lightning speed on the path of carving a strong foothold in the consumer products retail market segment. Vikas Lifecare commits to expanding and broadening the commercial activities of Ardh Sainik Canteens as a strategic investment.

Ardh Sainik Canteen Stores (ASC) is a one-of-a-kind retail store concept owned by Abhyam Services Private Limited, in which Canteen (Retail) Stores are operated/opened across India by former paramilitary personnel/family members of current jawans in their home towns.

The company has been targeting a niche for itself in the retail market sector, including the e-commerce marketplace for consumer products, including the agro products business section, which has been increasing dramatically over the last 12-18 months.

Vikas Lifecare Limited engages in the trading of various chemical compounds, polymers, PVC resins, plastic granules, and products related to the plastic industry in India. It operates through its real estate, trading-polymers, trading-cashew nuts and manufacturing divisions.

POLYMER BIZ

VLL is an ISO 9001:2015 certified company, historically engaged in the business of manufacturing polymer and rubber compounds and speciality additives for plastics, synthetic and natural rubbers. The company has been conventionally engaged in various business segments, including polymer and rubber commodity (bulk consumption) compounds and master-batches.

It manufactures up-cycled compounds from industrial and post-consumer waste and scrap materials like EVA, PVC, PP and PE, directly contributing to the environment protection initiatives from the Government of India and fulfilling the mandated EPR obligations for conglomerates that use hundreds of thousands of tonnes of plastic products and packaging materials.