Vikas Lifecare – 4 Order in 2 Years (2022-2023)

About Vikas Lifecare Ltd:

Vikas Lifecare Ltd. (VLL) is an ISO 9001:2015 certified company, engaged in trading and manufacturing of polymer, rubber compounds, and additives for plastics, synthetic & natural rubber. The company is primarily involved in various business segments, including Polymer & Rubber Commodity Compounds, and Master-Batches, contributing to Environment Protection initiatives and fulfilling mandated EPR obligations. VLL is also a Del-Credere agent of ONGC (Oil and Natural Gas Corporation Ltd.) Petro Additions Limited, a public sector undertaking producing a wide variety of base polymers and commodity plastic raw materials. As part of its long-term business strategy, VLL has diversified into B2C segments with consumer products in FMCG, Agro, and Infrastructure, aiming for an aggressive business growth through acquisitions, joint ventures, and tie-ups. VLL intends to establish/acquire businesses in these segments, expanding its footprint in the country and beyond.

January 17, 2022:

Vikas Lifecare is delighted to announce that Genesis Gas Solutions, its recent acquisition, has secured orders worth approximately INR 55 Million from Aavantika Gas Limited. The orders include the supply of 40,800 Natural Gas Meters and the laying of pipelines with commissioning of meters (Last Mile Connectivity). Aavantika Gas Limited, a Joint Venture of GAIL (India) Limited & Hindustan Petroleum Corporation Limited under the Ministry of Petroleum and Natural Gas, Government of India, is the recipient of these orders.

Vikas Lifecare Limited, in the process of acquiring 75% equity of Genesis Gas Solutions Private Limited, emphasizes that Genesis will become a significant subsidiary post-acquisition, contributing significantly to consolidated revenue and profits. Genesis, co-founded in 2017, is a key player in the City Gas Distribution sector, commanding about 20% of the Domestic Gas Metering share in India.

15 June 2023:

Vikas Lifecare Limited announced that its wholly-owned subsidiary, Genesis Gas Solutions Pvt Ltd, has been awarded orders to supply Ultra Sonic Gas Meters to Indraprastha Gas Limited (IGL), one of India’s leading City Gas Distribution companies. These Ultra Sonic Meters will be deployed for the first-ever custody applications in one of the largest business segments for Natural Gas supply to Industrial and Commercial applications. Genesis, in partnership with SICK A.G., Germany, introduced the FlowSic 500 series Ultra Sonic Gas Meters to the Indian City Gas Distribution Market. Genesis aims to expand the use of Ultra Sonic Technology within IGL and other City Gas Distribution companies.

November 16, 2023:

Vikas Lifecare Limited (VLL) announced that its subsidiary, Genesis Gas Solutions (Genesis), has secured orders to supply 40,000 Gas Meters worth INR 495 Million to Gujarat Gas Limited, the largest City Gas Distribution company in India. Genesis, in which VLL holds a 95% equity, specializes in developing Smart Gas Meters and Power Distribution solutions for the infrastructure sector. Gujarat Gas Limited, with a significant presence across 43 districts in 6 states and 1 Union territory, is a major player in the City Gas Distribution industry. Genesis, founded in 2017, is a leading supplier of Gas Meters and Smart Metering solutions in India, commanding about 20% of the domestic gas metering share.

February 14, 2024:

Vikas Lifecare Limited (VLL) is pleased to announce that its subsidiary, Genesis Gas Solutions Private Limited (GGSPL), has received orders for commercial-scale Ultrasonic Gas Meters. These advanced meters, known for their accuracy and reliability, are valued for their effectiveness in reducing commercial gas losses. The orders will be commissioned at Avantika Gas Limited, a joint venture authorized by the Central Government, involving Gas Authority of India Limited (GAIL) and Hindustan Petroleum Corporation Limited. Avantika Gas Limited is authorized for City Gas Distribution projects in Indore, Ujjain, and Gwalior in Madhya Pradesh. Genesis, co-founded in 2017, has been a pioneer in Smart Gas and Water Metering in India, commanding about 17% of the domestic gas metering share.

In all three announcements, Vikas Lifecare Limited emphasizes the achievements and developments of its subsidiary, Genesis Gas Solutions, in the evolving City Gas Distribution sector. Genesis is positioned as a key player in the supply of Gas Meters and Smart Metering solutions to major companies in the industry, contributing significantly to the growth and advancements in gas infrastructure in India.

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