Vaibhav Global Limited (VGL): A Leader in Fashion Jewelry & Lifestyle Products
Pioneering Global Success Since 1980
VGL, a trailblazer in the fashion jewelry and lifestyle products sectors, has been redefining excellence for over four decades. With its dual listing on BSE and NSE, VGL stands as a hallmark of innovation, quality, and sustainability. In FY 2022-2023, the company achieved a stellar turnover of ₹2,500 crores.
- Jewelry & Lifestyle Products: Expertise in crafting and exporting fashion jewelry, gemstones, and lifestyle products of exceptional quality.
- Electronic Retail: Operates 24/7 teleshopping channels and digital platforms in markets like the USA, UK, and Germany, ensuring seamless customer access.
- Wholesale Distribution: Supplies premium gemstones and jewelry through STS Gems, strategically located in Thailand, China, Bali, and Hong Kong.
- E-commerce Excellence: Powers online retail via Shop LC (USA), TJC (UK), and Mindful Souls, delivering convenience and style to customers worldwide.
- Unmatched Global Reach: A footprint in over 30 countries, connecting diverse markets through an omnichannel approach.
- Innovative Product Portfolio: From fashion jewelryand gemstones to home décor, beauty care,and apparel, VGL caters to every lifestyle need.
- Ethical and Sustainable Practices: Upholds a commitment to ethical sourcingand environmentally sustainable operations.
- Tech-Driven Customer Engagement: Combines teleshopping, e-commerce, and digital platforms to redefine the customer experience.
- Delivers high-quality products at accessible price points, ensuring luxury is within everyone’s reach.
Overcoming Limitations with the Previous CMS: A Case for Change
Client’s Vision for the Enhanced CMS
- Comprehensive Compliance Awareness
- Goal: Bridge the gap between generic and industry-specific compliance knowledge.
- Outcome: Empower teams with a deeper understanding of their regulatory landscape, fostering confidence and proactive compliance.
- Seamless Document Management
- Goal: Implement unrestricted document upload and storage features.
- Outcome: Simplify document handling, ensuring quick access to compliance records when needed.
- Advanced Reporting Insights
- Goal: Design robust reporting features to deliver actionable insights.
- Outcome: Enable proactive risk management and data-driven compliance strategies.
- Dynamic Management Dashboard
- Goal: Develop an intuitive, real-time dashboard for compliance oversight.
- Outcome: Provide leadership with a single source of truth, streamlining monitoring and decision-making.
- Intuitive User Experience
- Goal: Ensure the interface is user-friendly and accessible.
- Outcome: Boost user adoption, encouraging consistent and reliable compliance practices.
Lawrbit’s Deliverables: Driving Compliance Excellence
- Custom Compliance Framework:
Provided detailed compliance mapping for each department, ensuring full regulatory adherence and eliminating gaps. - Expert-Led Training Programs:
Conducted effective onboarding and refresher sessions, equipping stakeholders to manage the new system efficiently. - Proactive User Support & Engagement:
Established a help desk for real-time support and guidance, ensuring user engagement and quick issue resolution. - Real-Time Regulatory Updates:
Delivered timely updates on regulatory changes, offering the latest legal documents and insights to stay compliant. - Swift Legal Query Resolution:
Provided rapid answers to legal queries, enhancing operational efficiency. - Seamless Pendency Reduction:
Ensured 100% compliance completion before board meetings by addressing outstanding tasks proactively
Project Highlights
On-Site Consultations and Support
Team Lawrbit provided on-site visits at key locations to ensure hands-on implementation, facilitating a smoother transition and more effective adoption of compliance practices.
Multi-Location Rollout
Delivered a scalable, location-specific compliance solution, designed to meet the unique needs of each operational site while ensuring consistency and uniform compliance across the entire organization.
Lifetime Support & Continuous Improvement
Offered lifetime support for ongoing enhancements, ensuring that the system evolves with regulatory changes and the client’s growing compliance needs, providing sustained operational efficiency.
The Lawrbit Advantage
Through these comprehensive deliverables, Lawrbit not only ensured 100% compliance but also positioned the client for ongoing success by delivering tailored, scalable solutions. The impact was immediate, reducing legal risks, improving operational efficiencies, and ensuring the client’s readiness for any compliance audits or regulatory changes.
Mr. Yashasvi Pareek
Company Secretary & Compliance Officer
Using the Lawrbit Compliance Module has been a transformative experience for our organization. The platform provides a streamlined and centralized solution to manage all our compliance obligations effortlessly. It has significantly reduced the manual effort involved in tracking regulatory updates ensuring compliance across different laws and regulations.
The real-time alerts and dashboards keep us informed and proactive, reducing the risk of noncompliance penalties. Moreover, its user-friendly interface and customization capabilities have made it easy for our teams to adapt. Lawrbit team was always helpful and prompt while delivering any solution. I highly recommend it to any organization aiming for effective compliance management.
