Vatsa Corporation (VCL) was incorporated in February 1987 as Vatsa Finance and was renamed as Vatsa Industries in 1994-95. It acquired its present name in 1995-96. The company was promoted by Ganapati Exports, Rolex Holding, B V Bhatt and his associates.
The company was initially engaged in leasing, hire purchase, OTC operations, safe deposit lockers and corporate financing. The company made a Rs 4.5-crore public issue in June 1993 to meet it`s growing long-term working capital requirements and meet part of the capital expenditure for safe-deposit vaults. The company diversified into industries like aluminium, food products, pharmaceuticals and bulk drugs, cosmetics and agro exports, electronics, entertainment and multimedia.