Earlier, the company drafted a scheme of amalgamation with FIBA HARDWYN LOCKS LIMITED, having its registered office at C-147 Mayapuri Indl Area Phase II New Delhi110064, engaged in the Manufacturing of fabricators, cutters moulder and allied business to deal in the hardware industry.

Earlier, Genesis Gas Solutions Ltd, a subsidiary of Vikas Lifecare Ltd entered into joint venture agreement with Indraprastha Gas Limited (IGL) to set up an integrated smart meter manufacturing plant with a capital expenditure of Rs 1,100 million (Rs 110 crore).

The company reported amazing numbers in its quarterly results and annual results. The net sales increased by 25.86 per cent to Rs 73 crore and net profit increased by 8.33 per cent to Rs 13 crore in Q4FY23 over Q4FY22.

Shares of the company grew by more than 70 per cent in the last six months.

Shares of the company have gained about 140 per cent in the last six months.

The stock has displayed remarkable performance, delivering an impressive 113 per cent return in a year and a multibagger 373 per cent return in the last three years.

The shares of the company have delivered an impressive return of 171 per cent to its investors in just three months

If an investor had invested Rs 1 Lakh in this company, it would have grown to approximately Rs 21 Lakhs in just ten years

This impressive performance was attributed to various factors, including margin expansion driven by operating leverage

The company has a very strong financial position, with very little debt. Its current debt of Rs 0.64 crore is only 0.5 per cent of its market capitalization, which means that the company is essentially debt-free. Additionally, the company reported positive numbers in its half-yearly results and annual results.