The company was originally formed as partnership firm constituted under the Partnership Act, 1932 (the ‘Partnership Act’) in the name of Vasa International, pursuant to a deed of partnership dated April 04, 1994. The terms, conditions and clauses of partnership firm was changed including addition and retirement of partners by way of partnership deeds dated April 02, 2001, August 29, 2016 and September 27, 2017. Vasa International was thereafter converted from a partnership firm to a public limited company with the name ‘Vasa Retail and Overseas Limited’ and received a certificate of incorporation from Registrar of Companies, Mumbai on October 20, 2017.

Business area of the Company

The company primarily deals in all kinds of stationery products viz. artistic materials, hobby colors, scholastic colors, scholastic stationery, office products, drawing instruments, writing instruments, office stationery, adhesives, notebooks, office supplies and writing instruments, books, pens, pencils, erasers, files, copier paper, bags and bottles; procuring paper pulp and supplying the same to paper mills and procuring bag fabric and supplying it to the other bag manufacturers and also using the same for manufacturing their products (school and office bags). These stationery products are essentially used by school going children and offices as a part of their stationary requirements. On the other hand, paper pulp is the key raw material for the manufacturing of wide variety of paper. They can further classify their range of stationary products into school and education products; fine art and hobby products; and office products.

The company acts as a supplier of copier paper under the brand ‘Trion’ to certain paper dealers in the Middle East. However, they do not own the brand ‘Trion’ under which they sell their copier paper. They distribute their products through a network of approximately seven distributors catering to more than 500 stores by way of modern retail outlets, shop in shop, traditional retail outlets, MBO’s and e- commerce platform in India.  They also sell products in the overseas markets in countries like Saudi Arabia, Kuwait, Qatar, Bahrain, UAE, Oman and Mauritius.

Major Events and Milestones:

• 1994: Commencement of stationary business under the Partnership Firm Vasa International by way of a Partnership deed dated April 04, 1994 between Bhupendra Vasa, Aruna Vasa and Hardik Vasa .
• 2007: Registration for the company’s in-house brand ‘VASTA’ was granted for 10 years.
• 2014: Entered into a licence agreement with Oxford Limited to market and sell various stationary products under the brand ‘University of Oxford’ in India, Bangladesh, Sri Lanka, Mauritius, Maldives, Nepal, Seychelles and Reunion.
• 2016: Entered a licence agreement with Oxford Limited to market and sell various stationary products under the ‘University of Oxford’ brand in Saudi Arabia, Kuwait, Qatar, Bahrain, UAE, Oman, Egypt, Lebanon, Jordan, Yemen, Iraq, Libya, Tunisia, Algeria, Morocco, Kenya, Nigeria and Tanzania.
• 2016: Awarded with NSIC-CRISIL rating of ‘SE 2B’.
• 2017: Conversion from partnership firm to public limited company in the name and style of ‘Vasa Retail and Overseas Limited’.