VGN Projects Estates explained

VGN Projects Estates Pvt. Ltd.
Founded:1942
Founder:V.Guruswamy Naidu
Location City:Chennai
Key People:Pratish Vedhappudi[1] (Managing Director)
Industry:Real estate
Revenue: $300 million (2021)
Net Income: $155 million (2021)
Assets:US$ 475 million
Equity:US$ 475 million
Owner:Pratish Vedhappudi
Num Employees:1200 (2019)

VGN Projects Estates Pvt. Ltd.[3] [4] [5] is a multi million dollar Indian real estate company headquartered in Chennai, Tamil Nadu. VGN[6] primarily focuses on residential projects. It also engages in the development of commercial and institutional properties. VGN also has its own engineering, procurement and construction division which specialises in the construction of buildings, roads, bridges and pipelines .[7] [8] [9] [10]

History

Founded in the year 1942,[11] VGN has developed in excess of 20 million[12] square feet of real estate with over 50 projects in the city of Chennai. An ISO 9001:2008 certified company. V. Gurusamy Naidu was the founder of VGN group. In the year 1942 he started brick kiln factory and manufactured bricks in the name of VGN. He acquired land parcels basically to manufacture bricks in various locations. He worked hard to build good will and earned a name for VGN brand.[13]

Sponsorships

VGN was the principal sponsor of Chennai Super Kings in the Indian Premier League Cricket 2012 – 2013.[14] VGN has also sponsored various social events including Rotary International, Round Table Conference, Vintage Car Rally[15] and other sports, cultural and charitable events.

Awards and honours

VGN has also partnered with 7 MILES PER SECOND, a branding agency, to enhance its market presence. The collaboration involved strategic initiatives aimed at improving visibility and brand image through innovative campaigns and digital strategies.[16]

Notes and References

  1. Web site: 'Chennai is a robust market'. 26 October 2013. 25 June 2015. Hindu Business Line.
  2. Web site: VGN Property gets ₹ 410-cr funding from KKR, GIC . 25 November 2017 .
  3. Web site: Google Maps. Google Maps. en. 2019-12-25.
  4. Web site: Pragnya Fund Invests In Chennai's VGN Developers' Project. 9 December 2010. 25 June 2015. Reuters.
  5. News: VGN Developers to invest Rs 1800 cr in new projects. Business Standard India. 28 August 2012. 25 June 2015. Business Standard. Babu. Gireesh.
  6. News: VGN Developers to raise Rs 700 cr PE fund. Business Standard India. 7 May 2010. 25 June 2015. Business Standard. Narasimhan. T. E..
  7. Web site: Company Overview of VGN Developers Private Limited. 25 June 2015. Bloomberg.
  8. Web site: O&M bags VGN Developers' creative duties. 24 September 2013. 23 July 2015. Campaign India.
  9. Web site: VGN Developers set to buy prime HTL land for Rs. 270 crore. 23 March 2013. 25 June 2015. Hindu Business Line.
  10. Web site: VGN Developers wins bid for HTL land in Chennai. 6 April 2013. 25 June 2015. Times of India.
  11. Web site: VGN launches new township project. 7 May 2010. 25 June 2015. Hindu Business Line.
  12. Web site: In blockbuster deal, VGN buys Tata land for Rs 195 cr. 28 February 2013. 25 June 2015. Times of India.
  13. Web site: History of VGN . VGN.
  14. Web site: Chennai Super Kings takes Nissan, VGN on board . @businessline . 13 March 2013 . en.
  15. Web site: Chennai-Puducherry two day heritage car rally from today . https://web.archive.org/web/20170304111151/http://www.dtnext.in/News/Citizen/2017/01/28085709/1026255/ChennaiPuducherry-two-day-heritage-car-rally-from-.vpf . dead . 4 March 2017 . dtNext.in . en . 28 January 2017.
  16. Web site: The A to Z of branding: Here's all you need to know before embarking on a career . 2023-11-18 . Edex Live.

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