Thanks Sarah for your response. The thing is, without Visual Composer compatibility this theme is kind of useless to me. I would happily buy an Enfold license in future should the necessity arise. But for now I am sorry that I have to ask for a refund.
I have raised a refund request over there.
Refund request ID: 4de35082-7c6e-488f-8169-4004686368a2
Envato needs the author approval to process this. Hope Kriesi would be kind enough to approve the request and escalate the process.
Thanks and much obliged.