About VLCC Limited
Data last updated:
VLCC Limited is a public limited company based in New Delhi, Delhi, India. It operates in the health and beauty retail and distribution segment of the consumer goods sector. It was incorporated on 23 October 1996 and has been in existence for over 30 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1996PLC082842. Its GSTIN is 07AAACC4808P1ZF (Delhi). The company holds 27 GST registrations, of which 20 are active.
The company has an authorised share capital of ₹50 Cr and a paid-up capital of ₹44.19 Cr. It was formerly known as Curls & Curves (India) Ltd and Curls & Curves (India) Private Ltd. It is led by directors including Vikas Gupta (Managing Director) and Mukesh Luthra.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at M – 14 Greater Kailash – II Commercial Complex, New Delhi, Delhi, India – 110048.
As per the financials filed for FY 2025, the company reported a revenue of ₹966.22 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net loss of ₹146.32 Cr (net margin -15.1%) and EBITDA of ₹104.44 Cr (EBITDA margin 10.8%). Revenue has grown at a compounded annual rate (CAGR) of 13% over three years and 5% over five years.
The company has about 2,349 employees on its provident fund (EPFO) records. Its group structure includes 3 subsidiaries.
The company is associated with 4 brands: VLCC Personal Care, Ustraa, VLCC and VLCC Health Care. As per MCA filings, the company has open charges of ₹268.36 Cr and satisfied charges of ₹244.53 Cr on record. Court records list 187 cases involving the company, including 74 filed by the company and 113 filed against it; 26 cases are pending. The company has 27 deals on record (16 secondary share transfers, 8 funding rounds, 1 rights issue), with disclosed funding of ₹2,396.81 Cr; the latest was in August 2026. The company has 16 MSME Form 1 returns on record between 2019 and 2024, listing 357 overdue payments to 39 micro and small suppliers.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vlccwellness.com.
Name History
VLCC has undergone 6 name changes throughout its history. The current legal name is Vlcc Limited.
| Company Name | Status |
|---|---|
| VLCC Limited | Current |
| Curls & Curves (India) Ltd | Previous |
| Curls & Curves (India) Private Ltd | Previous |
| Curls & Curves (India) Limited | Previous |
| Vlcc Health Care Private Limited | Previous |
| Curls & Curves (India) Private Limited | Previous |
CIN History
VLCC has one previous CIN (Corporate Identification Number): L74899DL1996PLC082842. The current CIN is U74899DL1996PLC082842, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74899DL1996PLC082842 | Current |
| L74899DL1996PLC082842 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressM – 14 Greater Kailash – II Commercial Complex, New Delhi, Delhi, India – 110048
- IndustryConsumer Goods, Health & Beauty Retail & Distribution
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Associated Brands
VLCC operates multiple associated brands including VLCC Personal Care, Ustraa, and VLCC. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Men's grooming products are offered via an internet-first brand. | ustraa.com | |
| Chain of skin and hair care clinics | vlcc.com | |
| Skincare, beauty, and wellness services provided by VLCC across multiple countries. | vlccwellness.com | |
| VLCC provides wellness and beauty services, focusing on skincare, haircare, and related products. | vlccpersonalcare.com |
Business Activity
The main business activities of VLCC are personal and household service and education. In detail, this covers other personal service activities and higher education, technical & vocational education. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| S | Personal and Household service | S4 | Other Personal service activities | Locked |
| P | Education | P2 | Higher education, technical & vocational education | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of VLCC Limited
FY 2025 filings availableVLCC Limited reported revenue of ₹966.22 Cr (down 2% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 2% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 32% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | •••• | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹104.44 Cr | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹146.32 Cr | |
| Balance Sheet | ||
| Share Capital | •••• | |
| Reserves and Surplus | •••• | |
| Net Worth (Total Equity) | •••• | |
| Long-term Borrowings | •••• | |
| Short-term Borrowings | •••• | |
| Trade Payables | •••• | |
| Total Liabilities | •••• | |
| Fixed Assets | •••• | |
| Investments | •••• | |
| Inventories | •••• | |
| Trade Receivables | •••• | |
| Cash and Bank Balance | •••• | |
| Total Assets | •••• | |
Financial Ratios
| Metrics | FY 2024-25 | FY 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 10.8% | |
| Net Profit Margin | -15.1% | |
| Return on Equity (ROE) | •••• | |
| Return on Capital Employed (ROCE) | •••• | |
| Return on Assets (ROA) | •••• | |
| Liquidity and Debt | ||
| Current Ratio | •••• | |
| Quick Ratio | •••• | |
| Debt-to-Equity Ratio | •••• | |
| Interest Coverage Ratio | •••• | |
| Efficiency and Growth | ||
| Asset Turnover | •••• | |
| Receivable Days | •••• | |
| Payable Days | •••• | |
| Inventory Days | •••• | |
| Revenue Growth | •••• | |
| Net Profit Growth | •••• | |
Paid data: the figures shown as dots, and every line for FY 2020-21 to FY 2023-24, are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of VLCC are in the company report.
: available in the company report
Board of Directors and KMP of VLCC Limited
VLCC Limited currently reports 9 directors and 1 key managerial person. 31 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mukesh Luthra | Director | 01 Apr 2003 | 23 Years 6 Months | Current |
| Gurveen Singh Also directs: Eureka Forbes Limited | Director | 13 Dec 2022 | 3 Years 10 Months | Current |
| Amit Jain Also directs: Viyash Scientific Limited, Highway Roop Precision Technologies Limited, VLCC Personal Care Limited and 5 more | Director | 13 Dec 2022 | 3 Years 10 Months | Current |
| Suresh Jayaraman Also directs: Arvind Fashions Limited, Neogrowth Credit Private Limited, Value Fashion Retail Limited and 1 more | Director | 13 Dec 2022 | 3 Years 10 Months | Current |
| Aamir Zeb Also directs: Happily Unmarried Marketing Private Limited, Strata Geosystems (India) Private Limited, Varmora Granito Limited and 4 more | Director | 13 Dec 2022 | 3 Years 10 Months | Current |
| Sanjay Mehta Also directs: BMR Advisors LLP, Independent News Service Pvtltd | Director | 01 Aug 2004 | 22 Years 2 Months | Current |
Auditor Details
VLCC Limited is audited by S.R. Batliboi & Associates LLP for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.R. Batliboi & Associates LLP | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 01 Aug 2025 | Others | ₹60 Cr | Open |
| 26 Nov 2024 | The Hongkong and Shanghai Banking Corporation Limited | ₹40 Cr | Open |
| 26 Nov 2024 | The Hongkong and Shanghai Banking Corporation Limited | ₹10 Cr | Open |
| 16 Feb 2024 | Others | ₹45 Cr | Open |
| 27 Jul 2023 | Others | ₹35 Cr | Open |
Total charge records: 27 View all charges
Deals & Funding
VLCC Limited has 27 deals on record (16 secondary share transfers, 8 funding rounds, 1 rights issue), with disclosed funding of ₹2,396.81 Cr; the latest was in August 2026.
Deals on record (5 of 27)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2026 | Debt financing | ₹110 Cr | Investors: Blacksoil Group |
| Mar 2025 | Secondary share transfer | Undisclosed | Buyer: CA Sumatra Investment DVR, 360 ONE (IIFL Asset Management), 2 individuals Seller: Mukesh Luthra Escrow Securities Account 1, Zall Holdings Limited, 2 individuals |
| Feb 2025 | Funding round | ₹65 Cr | Investors: Alpha Wave Global |
| Jan 2025 | Secondary share transfer | Undisclosed | Buyer: Alpha Wave Global Seller: Ca Sumatra Investment & Gopal Mishra, Ca Sumatra Investment & Vikas Gupta, The Carlyle Group |
| Aug 2023 | Funding round | ₹142.05 Cr | Investors: Info Edge Ventures, 360 ONE (IIFL Asset Management), Wipro Enterprises Private Limited |
: available in the company report
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases
VLCC Limited has 187 court cases on record: 74 filed by VLCC, 113 filed against it. 26 cases are pending and 161 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 112 | 81 | 15 |
| High courts | 72 | 29 | 11 |
| Supreme Court | 2 | 2 | 0 |
| NCLT | 1 | 1 | 0 |
Cases on record (5 of 187)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Court case (OMP (COMM.)) | Filed against the company by Progeny Associates Pvt. Ltd. | Pending |
| District court, Calcutta, West Bengal | Commercial suit | Filed by the company against Anandam Housing Pvt Ltd | Pending |
| High Court of Delhi | Arbitration matter | Filed by the company against M/S Gajju Technologies Private Limited | Pending |
| High Court of Delhi | Appeal | Filed by the company against M/S J C Developers Pvt Ltd & Anr | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed by the company against Anandam Housing Pvt Ltd | Disposed |
: available in the company report
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME Payment Delays
VLCC Limited has 16 MSME Form 1 returns on record between 2019 and 2024, listing 357 overdue payments to 39 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 39)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Biotic Waste Solutions Private Limited | •••• | •••• | •••• |
| Marc Salon & Beauty Equipments Private Limited | •••• | •••• | •••• |
| S.K. Paul & Son | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
| an individual supplier | •••• | •••• | •••• |
: available in the company report
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance
VLCC Limited has a workforce of 2,349 employees as of Apr 06, 2024.
: available in the company report
Group Structure
VLCC has 3 subsidiary companies. This group structure data is as of FY 2023. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Vlcc Personal Care Limited | U52212DL2000PLC107566 | Locked |
| Vanitycube Mobile Spa And Salon Private Limited | U74900MP2014PTC032983 | Locked |
| Vlcc Online Services Private Limited | U93000HR2016PTC058548 | Locked |
Showing major subsidiaries. Total: 3.
Recent Activity
VLCC Limited has 70 board changes on record since 2002: 41 appointments and 29 cessations. The latest: Anuj Vishnukumar Poddar was appointed as Director on 26 Sep 2025.
115 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
VLCC has 27 GST registrations: 20 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAACC4808P1ZF | Delhi | Active | 01 Jul 2017 |
| 03AAACC4808P1ZN | Punjab | Active | 01 Jul 2017 |
| 04AAACC4808P2ZK | Chandigarh | Active | 01 Jul 2017 |
| 06AAACC4808P1ZH | Haryana | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
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Frequently Asked Questions
VLCC is an active public limited company based in New Delhi, Delhi, India. The company works in health and beauty retail and distribution, within the consumer goods industry. It was incorporated on 23 October 1996 (30+ years old) and is registered under CIN U74899DL1996PLC082842.
VLCC has 10 current directors and KMP:
- Vikas Gupta - Managing Director
- Mukesh Luthra - Director
- Gurveen Singh - Director
- Amit Jain - Director
- Suresh Jayaraman - Director
- Aamir Zeb - Director
- Sanjay Mehta - Director
- Anuj Vishnukumar Poddar - Director
- Utsav Mitra - Director
- Gopal Mishra - Cfo
The latest financial statements of VLCC on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of VLCC is 07AAACC4808P1ZF, registered in Delhi. The company has 27 GST registrations in all, of which 20 are active and 7 are cancelled or inactive. Other active GSTINs include 03AAACC4808P1ZN (Punjab), 04AAACC4808P2ZK (Chandigarh), 06AAACC4808P1ZH (Haryana).
The CIN (Corporate Identification Number) of VLCC is U74899DL1996PLC082842. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
VLCC has 187 court cases on record: 74 filed by the company and 113 filed against it. 26 are pending. Most are in the district courts.
VLCC was incorporated on 23 October 1996, making it 30+ years old. It is registered with the Registrar of Companies, Delhi.
VLCC has 27 deals on record (16 secondary share transfers, 8 funding rounds, 1 rights issue), with disclosed funding of ₹2,396.81 Cr; the latest was in August 2026.
Anuj Vishnukumar Poddar was appointed as Director on 26 Sep 2025. Aakash Chaudhry ceased to be Director on 19 Sep 2025. Neeraj Bharadwaj ceased to be Director on 12 Sep 2025. VLCC has 70 board changes on record in total.
VLCC has 16 MSME Form 1 returns on record between 2019 and 2024, listing 357 overdue payments to 39 micro and small suppliers. The latest return was filed on 01 May 2024.
VLCC can be reached through the website vlccwellness.com. Its registered office is in New Delhi, Delhi, India.