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VGN Property Developers Pvt. Ltd.
Company typePrivate Limited
IndustryReal Estate
Founded1942
FounderV.Guruswamy
Headquarters
Chennai
,
India
Key people
V.N.Devadoss

(Chairman)

V.Pratish Devadoss[1] (Managing Director)
ProductsOffices
Apartments[2]
Villas
Shopping Malls
Plotted Developments
Infrastructure
RevenueIncrease $250 million (2019)
Increase $100 million (2019)
Number of employees
550
Websitewww.vgn.in

VGN Property Developers Pvt. Ltd.[3][4] is an Indian real estate company headquartered in Chennai, Tamil Nadu. VGN[5] 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 .[6][7][8][9]

History

Founded in the year 1942,[10] VGN has developed in excess of 20 million[11] square feet of real estate with over 50 projects in the city of Chennai. An ISO 9001:2008 certified company. V Gurusamy 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. [12]

V N Devadoss is the chairman of VGN group. His acumen in real estate business has made him a successful entrepreneur in plotted developments in Chennai. He established a real estate company in the name of VGN Homes. Initially he started to firm up the land banks and ventured into plotted development at his young age. His hard work in real estate business yielded profits, success and carved a name in the real estate Industry. Devadoss has now taken a back seat and handed over the reins to his son Pratish Devadoss.

File:Pratish Devadoss Aug.jpg
Pratish Devadoss Managing Director of VGN Property Developers

In 2003 Pratish Devadoss entered into real estate business in VGN Homes and learnt the real estate business functionalities thoroughly at a very young age. He wanted to implement his dream by venturing into property development and construction of large residential projects in and around Chennai[13]. Since 2008, He has embarked into large residential townships in various parts of Chennai. His motto is to help thousands of families to realise their dream of owning a ‘Home’ and also provide exponential returns on their investments in VGN properties in Chennai. Under his leadership, VGN has built, delivered around 6500 homes as on 31st Dec 2017 and another 10,000 homes in the pipeline.[14]

Sponsorships

VGN was the principal sponsor of Chennai Super Kings in the Indian Premier League Cricket 2012 – 2013[15]. VGN has also sponsored various social events including Rotary International, Round Table Conference, Vintage Car Rally[16] and other sports, cultural and charitable events.

Awards and Honours

  • Aircel Super Cup 2014
  • Chennai Super Kings Super Cup winner
  • V Raman Memorial Cup 2017
  • South India’s real estate Awards - Developers of the Year 2017
  • Vijayavani Property Expo Awards 2015
  • Zenith Cultural Fest Award
  • Lifetime Achievement Award by Sulekha Properties
  • ICICI Bank Awards
  • India Bulls premier League Awards 2016
  • Indian Express Property Expo Awards
  • Prince of Arcot Trophy Runners Up 2013
  • Prince of Arcot Trophy Runners Up 2014
  • Maddys - Advertising club Madras Daily Thanthi – TV and Radio Awards 2017
  • Vintage Car Rally awards.
  • SAP invitational F15 Cricket Cup winner
  • LIC HFL Ungal Illam awards 2013
  • LIC HFL Ungal Illam awards 2017
  • Economic Times Reality Convention Awards
  • Estate South Award
  • HDFC Preferred Developer Award

References

  1. ^ "'Chennai is a robust market'". Hindu Business Line. 26 October 2013. Retrieved 25 June 2015.
  2. ^ "VGN Property gets ₹ 410-cr funding from KKR, GIC".
  3. ^ "Pragnya Fund Invests In Chennai's VGN Developers' Project". Reuters. 9 December 2010. Retrieved 25 June 2015.
  4. ^ "VGN Developers to invest Rs 1800 cr in new projects". Business Standard. 28 August 2012. Retrieved 25 June 2015.
  5. ^ "VGN Developers to raise Rs 700 cr PE fund". Business Standard. 7 May 2010. Retrieved 25 June 2015.
  6. ^ "Company Overview of VGN Developers Private Limited". Bloomberg. Retrieved 25 June 2015.
  7. ^ "O&M bags VGN Developers' creative duties". Campaign India. 24 September 2013. Retrieved 23 July 2015.
  8. ^ "VGN Developers set to buy prime HTL land for Rs. 270 crore". Hindu Business Line. 23 March 2013. Retrieved 25 June 2015.
  9. ^ "VGN Developers wins bid for HTL land in Chennai". Times of India. 6 April 2013. Retrieved 25 June 2015.
  10. ^ "VGN launches new township project". Hindu Business Line. 7 May 2010. Retrieved 25 June 2015.
  11. ^ "In blockbuster deal, VGN buys Tata land for Rs 195 cr". Times of India. 28 February 2013. Retrieved 25 June 2015.
  12. ^ "History of VGN". VGN.
  13. ^ "Gearing Up for Better Days". The Hindu. 25 August 2018.
  14. ^ "Pratish Devadoss leads VGN from Rs. 100 cr to 900 cr company". www.trinitymirror.net.
  15. ^ "Chennai Super Kings takes Nissan, VGN on board". @businessline.
  16. ^ "Chennai-Puducherry two day heritage car rally from today". dtNext.in. 28 January 2017.


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