Beauty and Wellness
firm VLCC is on the expansion spree with a target to add 50 new training
institutes in India over the next five years.
The company, which has about
70 institutes in India, has also chalked out plans to foray into international
markets such as Canada, Malaysia, Srilanka, Kenya, Oman and Bangladesh.
With the opening of more
institutes, VLCC is eyeing a 35 per cent year on year revenue growth. In FY
2018, it had a turnover of Rs 55 crore for the skilled business.
"We will add 50 new
institutes in India and also in countries such as Canada, Malaysia, Oman and
Srilanka with a target to train approximately 15,000 students," VLCC Group
Director Sandeep Ahuja told PTI.
The company offers about 100
courses and workshops in the beauty and
wellness space and has trained over 1 lakh students so far.
The institutes have crossed Rs 50 crore target and is set to go
over Rs 100 crore with international expansion by this fiscal end, as per the
company.
With regard to retail expansion
in the personal care category, Ahuja said VLCC has recently added close to 100
new distributors and is betting on the modern trade across national and
regional customers besides giving leverage to the e-commerce.
