New Delhi, January 14: BSE and NSE listed Vikas Lifecare Limited has announced that moving further ahead with the objective of broad-basing the product portfolio, and diversifying into futuristic and unique product lines, new edge businesses, complementing and supplementing the existing business lines of the company, it has entered into a definitive agreement with the existing promoters/shareholders for acquiring 75% equity of Genesis Gas Solutions Private Limited (the ‘Genesis’), a company engaged in the business developing “Smart Products” including Smart Gas Meters & Power Distribution solutions for the ever-expanding infrastructure in India, in a cash deal amounting Rs. 250 million, payable in stages.
Post achieving the long-desired debt-free status this year, Vikas Lifecare has actively explored and working towards expanding its businesses footprints in the emerging infrastructure products segment along with other business strategies.
The company is already in an advanced stage of commissioning manufacturing plant of pipelines for gas distribution, commercial production expected within the current financial year. Vikas Lifecare Ltd. (VLL) is an ISO 9001:2015 certified company engaged in trading and manufacturing polymer, rubber compounds and additives for plastics, synthetic & natural rubber. The company is primarily involved in the various business segments, i.e. Polymer & Rubber Commodity (bulk consumption), Compounds and Master-Batches (Manufacturing up-cycled compounds from industrial and post-consumer waste materials like EVA, PVC, PP, PE etc.), contributing to the Environment Protection initiatives from the Government of India and fulfilling the mandated EPR obligations for the conglomerates using hundreds of thousands of tonnes of plastic products and packaging materials.
VLL is also a Del-Credere agent of ONGC (Oil and Natural Gas Corporation Ltd.) Petro Additions Limited, a public sector undertaking, produces a wide variety of base polymers and commodity plastic raw materials.
As a long-term business strategy, the company has most recently diversified its business interests beyond raw materials (B2B businesses) and forayed into the B2C segment with a host of consumer products, including FMCG, Agro, and Infrastructure Products; paving the way for aggressive business growth with intricately planned and selected product portfolios via acquisitions, joint ventures and tie-ups. VLL intends to establish/acquire businesses in these segments, thereby expanding its footprint in the country and beyond.
The company’s securities are listed on both the Stock Exchanges, BSE (Scrip Code: 542655) and NSE (Scrip Code: VIKASLIFE).
Genesis was Co-Founded in 2017 by a team of technopreneur’s and finance professionals having an enviable history with successful start-ups developing and offering many niche products to the defence equipment industry and the electrical utility segment. These Technocrats graduated from premier institutions like IITs, provided Genesis with niche and indigenous products in sophisticated solid-state encryption for defence applications and several other successful products for the power distribution companies. These products are well accepted and are already being extensively applied commercially to reduce transmission losses of the electricity distribution companies.
Genesis, since its incorporation, has been specifically focussed on the evolving City Gas Distribution sector in India. Genesis created a varied Intellectual Property including software and hardware solutions for the City Gas Distribution in the domestic Metering Sector as well as industrial Gas Metering Applications along with Gas Leak Detection Systems and has carved out a niche for itself by acquiring about 20% of the Domestic Gas Metering share in India.
In India, Genesis also pioneered in Smart Gas and Water Metering by bringing out India’s first Pre- Payment system indigenously developed and acquired by Indraprastha Gas Limited (IGL-India’s Largest Gas Company) GAIL (India) Limited. Genesis has also brought out its network solution to complement its field devices which are now being recognized by companies like Honeywell and Hitachi, who are testing these in-house products for their projects worldwide.
Few of the remarkable achievements & developments to Genesis’ credit are
- Genesis is the supplier of Gas meters to IGL with having supplied more than 4 lakh meters of Hangzhou Beta Meter Co. Ltd, along with after-sales services under exclusive supply arrangement. Due to its advanced technological strength, modern management, and high production capacity, Hangzhou Beta Meter Co. Ltd is considered the world’s first-ranking gas meter manufacturer company.
- In the SCADA system, Genesis will shortly make our proposals for various Gas Companies to link all CNG Stations and make a single console for operations.
- Genesis also does Smart Meter Interface Unit (MIU) and associated services used by Indraprastha Gas Ltd – JV of GAIL, BPCL and Govt of NCT of Delhi.
- Genesis is a smart metering solution provider (AMR & Prepaid) with RF-based Lora WAN technology, partnering with Tata Communications.
- Genesis Gas developed India’s first Meter Data Management (MDM)and Headend system for Gas utilities which run more than 150,000 smart meters in India.
- Genesis clients include:
- IGL
- GAIL
- Avantika Gas Ltd – JV of Gail and HPCL
- Gujrat Gas Ltd – India’s Largest CGD
- Haryana City Gas ltd, among others
I consider something genuinely interesting about your site so I saved to bookmarks.
he blog was how do i say it… relevant, finally something that helped me. Thanks
You made some decent points there. I did a search on the issue and found most persons will go along with with your site.
Hey there! I know this is kind of off topic but I was wondering which blog platform are you using for this site? I’m getting fed up of WordPress because I’ve had problems with hackers and I’m looking at options for another platform. I would be fantastic if you could point me in the direction of a good platform.
Well I definitely enjoyed studying it. This post provided by you is very constructive for accurate planning.
You really make it appear really easy together with your presentation however I to find this matter to be really something that I feel I would by no means understand. It seems too complicated and very large for me. I’m taking a look ahead in your subsequent publish, I will try to get the hang of it!
Thanks for the sensible critique. Me and my neighbor were just preparing to do some research about this. We got a grab a book from our area library but I think I learned more from this post. I am very glad to see such great information being shared freely out there.
Can I just say what a relief to find someone who actually knows what theyre talking about on the internet. You definitely know how to bring an issue to light and make it important. More people need to read this and understand this side of the story. I cant believe youre not more popular because you definitely have the gift.
I was just seeking this info for a while. After six hours of continuous Googleing, finally I got it in your site. I wonder what is the lack of Google strategy that don’t rank this kind of informative sites in top of the list. Usually the top web sites are full of garbage.
I will immediately snatch your rss as I can not to find your email subscription link or e-newsletter service. Do you’ve any? Kindly allow me understand in order that I could subscribe. Thanks.
Thank you for sharing superb informations. Your web-site is so cool. I am impressed by the details that you’ve on this web site. It reveals how nicely you perceive this subject. Bookmarked this web page, will come back for extra articles. You, my pal, ROCK! I found simply the information I already searched all over the place and simply couldn’t come across. What a perfect web site.
Amazing! This blog looks exactly like my old one! It’s on a totally different subject but it has pretty much the same page layout and design. Excellent choice of colors!
It’s a pity you don’t have a donate button! I’d most certainly donate to this brilliant blog! I guess for now i’ll settle for book-marking and adding your RSS feed to my Google account. I look forward to new updates and will share this website with my Facebook group. Talk soon!
As a Newbie, I am constantly exploring online for articles that can be of assistance to me. Thank you
Whats Taking place i am new to this, I stumbled upon this I have discovered It positively useful and it has helped me out loads. I am hoping to contribute & aid other customers like its aided me. Good job.
Thank you, I’ve just been searching for information about this subject for ages and yours is the greatest I have discovered till now. But, what about the conclusion? Are you sure about the source?
I enjoy the efforts you have put in this, thanks for all the great posts.
Aw, this was a very nice post. In concept I want to put in writing like this additionally – taking time and precise effort to make an excellent article… but what can I say… I procrastinate alot and on no account appear to get something done.
Hi , I do believe this is an excellent blog. I stumbled upon it on Yahoo , i will come back once again. Money and freedom is the best way to change, may you be rich and help other people.
You are my aspiration, I have few web logs and occasionally run out from brand :). “Yet do I fear thy nature It is too full o’ the milk of human kindness.” by William Shakespeare.
I have been checking out a few of your stories and i must say nice stuff. I will make sure to bookmark your blog.
Hello there! Do you know if they make any plugins to assist with Search Engine Optimization? I’m trying to get my blog to rank for some targeted keywords but I’m not seeing very good success. If you know of any please share. Cheers!
Great post, I think people should learn a lot from this web site its really user pleasant.
I genuinely enjoy looking through on this website, it holds excellent blog posts. “One should die proudly when it is no longer possible to live proudly.” by Friedrich Wilhelm Nietzsche.