VLCC ropes in Jayant Khosla, formerly with Landmark, as chief business officer ahead of IPO

NEW DELHI: Wellness and healthcare services firm VLCC has roped in Jayant Khosla, formerly a top official with retailer Landmark Group, as chief business officer of VLCC International LLC ahead of its public listing, a person directly aware of the development said.

Khosla’s mandate will be overseeing the firm’s wellness centres, personal care products and its institute of beauty and nutrition, across Middle East, Africa and CIS countries.

A formal announcement is expected later this week.

The firm, with a consolidated topline of over Rs 1,500 crore, is looking at expansion of all verticals across these regions, besides fresh acquisitions in these territories, the person added. “VLCC is looking to strengthen its first and second line of management and accelerating spends on advertising budgets, specially on digital,” the person said.

The company spokesperson was unavailable for comment.

VLCC’s recent acquisitions include doorstep beauty treatment service provider VanityCube, direct selling dietary supplements producer WellScience Health, majority stake in Singapore-based wellness products and solutions entity Global Vantage, and Malaysian slimming and beauty chain Waynn International.

It is accelerating its presence in the rapidly growing personal care ayurveda space and e-commerce which is learnt to be contributing close to 15% of its topline.