- Vestige announces growth at CAGR of 30% and aims to expand its network in Asia & Africa by 2025.
- Featuring at number 36 globally, Vestige is the only Indian-origin direct selling company in the 2021 DSN Global 100 list.
Mumbai: Vestige Marketing Pvt Ltd, India’s largest home-grown direct selling company with a vast portfolio in health, wellness, and hygiene products, marked its 17th year of operations since its inception in 2004. Having grown strategically in business, markets and products, Vestige is now ranked 36, making it the only Indian-origin company to be featured in the reputed DSN Global 100 list. Along with this, Vestige has also been certified as The Great Place to Work for the third time in a row.
Vestige has empowered and transformed the lives of millions of distributors across India and international markets providing access to health and wellness products for a better tomorrow. It has had a record growth of 30% CAGR and plans to expand its network to in Middle East, Africa and other regions by 2025.
It was the phenomenal growth in India that encouraged Vestige’s leaders to expand into international markets as well. Vestige is currently present in 6 countries including India and will soon start operations in countries like Thailand, Ghana and Philippines.
Commenting on the significant rise of Vestige over the past 17 years, Gautam Bali, Managing Director, said, “I feel humbled when I look back on our journey and at the same time take great pride in the fact that we have been able to fulfil our vision of helping people live a life of economic independence on their own terms. It is the collective effort and the goal of shared prosperity of our distributors and employees that is reflected in the theme “Ek Saath” for the 17th year anniversary. I am immensely grateful to all Vestigians for their trust and faith in the brand.”
He further added, “In India, over 65% of the population is below 35 years, and direct selling is a great opportunity to leverage for employment and income creation. The market is right now waiting to realise its full potential. We are committed to enable our vision of providing economic independence by creating entrepreneurs in tier 2 and 3 markets.”
In the FY 2018, as per industry studies there were 5.7 million direct sellers engaged in direct selling which is set to increase to 18 million by 2025. And according to ASSOCHAM, the direct selling industry is expected reach a value of INR 15,930 crore by end of 2021.