Who founded VLCC and who are the promoters?

VLCC was founded in 1989 by Vandana Luthra, a prominent Indian entrepreneur and Padma Shri awardee. Vandana Luthra is the key promoter and has been the driving force behind the brand's growth from a single centre in New Delhi to an international wellness chain. The company is also backed by private equity investors.

What is VLCC Health Care's revenue?

VLCC Health Care Limited reported operating revenues in the range of ₹500 Cr to ₹1,000 Cr for the financial year ending 31 March 2021. The company is one of the largest organized wellness chains in India by revenue.

Is VLCC planning an IPO?

VLCC Health Care has been reported to be exploring an IPO. The company had filed draft papers and engaged investment banks for a potential public listing to raise funds for expansion. However, as of available information, the IPO has not been completed and the company remains unlisted.

Does VLCC have an international presence?

Yes, VLCC operates internationally across South Asia (Bangladesh, Nepal, Sri Lanka), Southeast Asia (Malaysia, Singapore), the Middle East (UAE, Saudi Arabia, Bahrain, Kuwait, Qatar, Oman), and East Africa (Kenya), making it one of the most geographically diversified Indian wellness brands.

How do I buy VLCC Health Care unlisted shares here?

Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.

Who am I actually transacting with?

You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.

How do I pay, and is there a payment gateway?

Payment is by direct bank transfer to Prospire Network Private Limited's published account (CIN U82300UP2025PTC233622), shown to you in-app at the payment step. There is no card gateway and no escrow. Never pay to a personal account or to any account shared over phone, WhatsApp or email — even if the person claims to be from our team.

How long does settlement take?

After you accept an allocation, you have a short window to pay (typically 2 days). Once payment is verified, shares are usually credited to your demat within 2–3 business days, subject to depository timelines and any company-level restrictions. Timeframes are typical, not guaranteed.

There are no separate platform fee lines and no GST on the transfer — the desk's margin is built into the buy/sell price you're quoted. The only statutory add-on on a purchase is stamp duty on the consideration, shown transparently in your cost breakdown.

Is there a minimum ticket size for VLCC Health Care?

Minimums vary by company and depend on the lot the desk can source. Raise an enquiry and the desk will confirm the available quantity and the minimum for that name.

What KYC do I need, and do I need a demat account?

You'll share your demat details when you enquire so we can settle directly. Full KYC — PAN and a client-master / demat statement — is required before the transfer step, when shares actually change hands. Yes, you need an active demat account to hold unlisted shares.

Are there lock-ins on unlisted or pre-IPO shares?

Some shares carry statutory or company-imposed lock-ins — for example, a post-listing lock-in on pre-IPO stock — and transfers can be subject to the company's articles or approvals. Where a lock-in applies, we'll flag it before you commit.

How do I sell VLCC Health Care shares I already hold?

Raise a sell enquiry with the company, quantity and your target price. The desk confirms a buying price, you transfer your shares into the desk's demat, and once the credit is verified we pay you out by bank transfer to your registered account. The desk never pays out before your shares are received.

Unlisted shares are illiquid, may be hard or impossible to sell, and are not covered by exchange settlement guarantees or investor-protection funds. Pricing is indicative, not live. Read the full Risk Disclosure before you enquire, and invest only what you can afford to lock away.

VLCC Health Care Unlisted Share Price | Buy VLCC Health Care Pre-IPO Shares — wisefolio

Investment Thesis

VLCC Health Care Limited is India's premier wellness and beauty brand with nearly 35 years of operating history, 300+ centres, and revenues of ₹500-1,000 Cr. Founded by Vandana Luthra (Padma Shri awardee), VLCC has a unique pan-India and international footprint covering the Middle East, Southeast Asia, and Africa. The company's potential IPO, if executed, would make it a landmark listing in India's growing wellness sector.

Pros

VLCC is one of India's most recognized wellness and beauty brands with nearly three decades of brand equity since 1989, operating across 300+ wellness centres
Operating revenues in the range of ₹500 Cr to ₹1,000 Cr for FY2021, placing it among the largest organized wellness chains in India
Strong international presence with operations across South Asia, Southeast Asia, the Middle East, and East Africa, diversifying revenue beyond India
Diversified revenue streams spanning slimming services, beauty and skincare services, salon services, and VLCC-branded FMCG products

Cons

The wellness and beauty services sector was significantly impacted by COVID-19 pandemic lockdowns, affecting FY2020-21 revenues
Classified as unlisted despite its scale, limiting price discovery and liquidity for shareholders
High operational costs from running 300+ physical centres across multiple countries keeps margins under pressure
Faces increasing competition from new-age wellness startups, boutique fitness chains, and organized beauty salon chains

Business Segments

Wellness & Slimming Services

Weight management, slimming treatments, and body contouring services offered at VLCC wellness centres

Beauty & Skincare Services

Facial treatments, skin care therapies, and advanced dermatology-adjacent beauty services

Salon Services

Hair care, grooming, and salon services across VLCC centres

FMCG / Products

VLCC-branded skincare, haircare, and wellness products sold through retail and online channels

Education & Training

VLCC Institute offering beauty, wellness, and fitness training courses

Revenue Model

VLCC generates revenue through service fees at its 300+ wellness centres (slimming, beauty, salon), product sales of VLCC-branded FMCG items through retail and e-commerce channels, and franchise/training fees from VLCC Institutes. International operations contribute a meaningful portion of total revenue.

Detailed Analysis

Growth outlookExpansion plans, industry tailwinds & headwinds8

Growth Plans

India's wellness market growing rapidly with rising disposable incomes and health awareness post-COVID

Potential IPO could unlock significant value for shareholders and fund expansion

Growing FMCG product line provides higher-margin revenue diversification

Industry Tailwinds

India's wellness market growing rapidly with rising disposable incomes and health awareness post-COVID

Recent Developments

FY2021 Revenue Disclosed

VLCC Health Care reported operating revenues in the ₹500 Cr to ₹1,000 Cr range for FY2021 despite COVID-19 pandemic impact on services businesses

2021-03

Comparable Companies

CompanyTypeTickerMkt Cap

Marico LimitedPE: 48xxListedMARICO65000 Cr

Emami LimitedPE: 35xxListedEMAMILTD20000 Cr

Hindustan UnileverPE: 55xxListedHINDUNILVR550000 Cr

Marico LimitedListed

Frequently Asked Questions

VLCC Health Care Limited is India's leading wellness and beauty services company, operating under the VLCC brand. It provides slimming and weight management services, beauty and skincare treatments, salon services, and sells VLCC-branded skincare and wellness products. Founded in 1989 by Vandana Luthra, VLCC operates over 300 wellness centres across India and internationally in countries across South Asia, Southeast Asia, the Middle East, and East Africa.

About VLCC Health Care

VLCC Health Care Limited is one of India's most recognized names in beauty and wellness services, founded in 1989 by Mrs. Vandana Luthra in New Delhi. The company was incorporated as a private limited company and subsequently converted. Registered under CIN U74899DL1996PLC082842, VLCC has built a market-leading position in slimming, beauty, and wellness services over three decades. VLCC operates a comprehensive ecosystem spanning wellness programs, weight management solutions, personal care products, nutraceutical products, and skill development training through its VLCC Institute network. As of March 2021, the company served customers across 310 locations in 143 cities and across 12 countries in South Asia, Southeast Asia, the Gulf Cooperation Council (GCC) Region, and East Africa. For FY2024, VLCC Group revenues rose 19% year-on-year to approximately Rs. 958 crore, driven by 19 net centre additions and 20% same-store sales growth in its slimming and beauty business. EBITDA grew 18.95% year-on-year and book net worth increased 44.87%, reflecting the Group's financial recovery and growth trajectory post-COVID. ICRA reaffirmed VLCC's ratings in 2024 with a Stable outlook, citing its track record of over two decades in the domestic wellness industry, established brand presence, and diversified business offerings. The ratings reaffirmation confirms ICRA's expectation that the VLCC Group will maintain a comfortable credit and liquidity profile. VLCC had filed for an IPO with SEBI in 2021 planning to raise Rs. 300 crore via fresh issue and Rs. 89.23 lakh shares via OFS. The IPO was subsequently withdrawn in 2022 amid unfavourable market conditions. The company remains one of the most prominent unlisted consumer services businesses in India, with its founder Vandana Luthra being a Padma Shri awardee recognized for her contributions to beauty and wellness entrepreneurship.

Key Milestones

Founded in 1989 by Vandana Luthra in New Delhi as a single wellness centre

Common questions about unlisted shares

How do I buy VLCC Health Care unlisted shares here?
Raise an enquiry on any company with the quantity you want. Our desk sources the shares and comes back with a firm price and allocation. You accept the allocation, transfer the funds to the desk's published bank account, and once we verify payment the shares are transferred into your demat.
Who am I actually transacting with?
You transact with the desk, not with an anonymous counterparty. When you buy, you buy from the desk; when you sell, you sell to the desk. Shares always route through the desk's own demat account, so there's one accountable party for the whole trade.
How do I pay, and is there a payment gateway?

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