Originally engaged in the business of providing consulting services to infrastructure project including power, ports, etc, VCL has commenced consultancy service in the area of information technology.

At present, VCL proposes to undertake activities including development and marketing of web-based applications, ERP solutions for power industry and networking solutions.

Global Trust Bank, which has apprised the project, has put the total cost at Rs 22.95 crore. The bank is also participating in the project. GTB has sanctioned a term loan of Rs 2 crore and is subscribing to 5 lakh equity shares at a price of Rs 20. While promoters contribute Rs 15.25 crore to the project, the company is seeking public subscription to the tune of Rs 5.70 crore.

For fiscal 2000, VCL had posted a net income of Rs 3.05 crore and a net profit of Rs 56 lakh. As per the projections for the next three fiscal, the company is expected to report a turnover of Rs 11.50 crore, Rs 30.25 crore, and Rs 70.20 crore respectively.

VCL has business agreements with overseas partners including, Nimtech to source joint venture partners in the domestic business, with Kulim Technology of Malaysia to develop Software Technology Parks in India, and Klang Port for development of port projects in India.

Apart, in the Indian consulting area, the company has an alliance with Metallurgical and Engineering Consultants (MECON) for providing engineering services and environment assessment studies for its projects.