Wellness centre and beauty clinic VLCC Healthcare is looking to expand its presence both in India and overseas.
According to Vandana Luthra, Founder, VLCC Healthcare, the company would follow the franchisee model for expansion.
It has 300-odd service outlets globally, of which 86 are franchise-owned. The majority (214) are company-owned.
“Although we had opened up to the franchise model four years ago, it took us some time to get accustomed to it. The growth in coming days will be from the franchise model,” she told
The company does not share turnover details. Luthra maintains that its business is divided between products (personal grooming, health foods and weight-loss supplements) and services (wellness centres and vocational education business).
However, 70 per cent of its revenues are from the services segment, including the vocational education business. The remaining 30 per cent is through products.
International expansionLuthra does not share the exact number of new outlets she intends to open this year, but confirms that expansion in international markets will be through franchisees.
At least 25 new overseas outlets are expected overseas this year; of which 20 will be through franchises and the remaining five are to be company-owned.
Expansion will mostly be through internal accruals. Luthra did not comment on the possibility of an IPO or fresh fund-raising. VLCC is currently backed by Everstone Capital.
In 2013, it acquired the Singapore-based Global Vantage Innovative Group, which owns and operates three firms that manufacture and retail cosmetic products and solutions.
Prior to that, in 2012, it acquired Wyann International that operated a chain of 22 slimming and beauty outlets across Malaysia.