Vakrangee Ltd integrated in 1990 is a technology-driven firm aiming to carry a few social revolution in India. The corporate nicely on a solution to constructing India’s largest community of last-mile shops to ship providers to the unserved and the underserved rural, semiurban and concrete inhabitants of the nation.
Vakrangee supply retailers are Assisted Digital Comfort shops higher often known as Subsequent-Gen Vakrangee Kendras. These kendras act because the ‘One Cease Store’ for availing services.
Profile of Vakrangee Ltd
Vakrangee Ltd has efficiently launched 11,700+ Subsequent-Gen Vakrangee Kendras and are on monitor to ship 25,000 operational NextGen kendras earlier than March 2022.
The corporate is offering the nation with a myriad of assisted digital providers by way of Subsequent-Gen Kendras, unfold over 27 states and union territories masking over 510 districts together with greater than 4,580 postal codes.
- Company Identification Quantity (CIN) of Firm L65990MH1990PLC056669
- Identify of the Firm Vakrangee Restricted
- Registered deal with Vakrangee Company Home, Plot No.93, Street No.16, M.I.D.C., Marol, Andheri (E),Mumbai – 400093.
- Web site www.vakrangee.in
- E-mail id firstname.lastname@example.org
Most of Kendras (nearly 70%) are situated in Tier V and VI districts, thus serving the underserved within the remotest areas of India. The corporate can also be continually increasing throughout the nation with greater than 11,730 retailers (Kendras) rolled out till thirty first March 2021.
- Whole Income – INR 38,395.13 lakhs
- PAT – INR 6,279.13 Lakhs
- Return on Internet Price – 2.36%
Product and services
Vakrangee gives a bouquet of providers geared toward Monetary, Social and Digital inclusion of consumers. The corporate function on an asset-light, franchisee-based enterprise mannequin to cater to the wants of its stakeholders. Consequently, franchisees personal and function comparatively fewer capital belongings.
The corporate assisted digital comfort shops, known as “Subsequent-Gen Vakrangee Kendras”,
act as one-stop options for a number of services. We now have fastidiously curated an array of digital choices.
Vakrangee Kendra retailers are one cease retailers offering key Important and crucial providers to the residents of the nation in Rural India similar to –
- Banking Companies
- ATM Companies
- On-line Pharmacy
- Digital Healthcare – Telemedicine well being providers – Together with Limitless Tele &Video Session with skilled medical doctors & House Blood take a look at facility
- Assisted E-Commerce – On-line procuring of Groceries & Different merchandise
- Journey Ticket Reserving & Utility Invoice Fee providers.
Vakrangee’s providers below every vertical together with banking, monetary providers, insurance coverage, ATM, logistics, on-line procuring, healthcare, journey, telecom and invoice cost providers, to maximise advantages to individuals.
Furthermore, the corporate improve belief and loyalty of stakeholders by providing the identical product and providers, on the identical time, aggressive value and identical service ranges. The providers are specifically focussed to supply services even on the remotest a part of the Nation.
Vakrangee Ltd Subsidiaries
The Firm has three wholly owned subsidiaries viz,
- Vakrangee Finserve Limited,
- Vakrangee Logistics Personal Limited and
- Vakrangee e-Options INC.
Vakrangee e-Options INC The Firm holds 100% of Fairness Share Capital of
Vakrangee e-Options INC which was integrated within the monetary yr 2009-10 in Philippines for exploring varied e-Governance alternatives in Philippines.
The primary contract below the initiative was “Land Titling Computerization Mission”, below which it accomplished scanning, digitization and encoding of greater than 15 million title deeds for the Authorities of Philippines. The celebrated LTCP venture was efficiently executed, by way of deployment of world class expertise and greater than 8500 manpower sources to digitize land titles from 168 Districts of Philippines.
Vakrangee Logistics Personal Limited, integrated in March 2016, is a completely owned subsidiary of Vakrangee Limited. Vakrangee Logistics is constructing for its alliance companions,
an unparalleled last-mile supply capabilities and thus increasing their attain to unserviceable pincodes, the place the logistics challenges are the utmost for conventional logistics corporations.
Vakrangee Logistics leverages the bodily presence of Vakrangee Kendras to supply the last-mile supply providers. The important thing providers supplied by Vakrangee Logistics embody ahead supply, reverse pick-ups and courier reserving. Vakrangee Logistics by way of its community ensures a hassle-free expertise to its companions and end-customers.
Vakrangee Finserve Limited is a 100% Subsidiary of the Vakrangee Limited, integrated in September 2011 with a deal with working as Enterprise Correspondent for varied Banks below the Enterprise Correspondent (BC) Mannequin of Reserve Financial institution of India (2006) within the space of Monetary Inclusion.
The Firm has already signed agreements with varied PSU Banks and their Rural Regional banks for finishing up BC providers for these banks in recognized Rural, Semi-City and City areas.
The providers embody financial institution actions similar to opening of Financial institution Accounts, Deposits, Withdrawals and Remittances, and so forth. Moreover, the Firm would supply Enterprise Facilitator Companies to those Banks which contain mobilization of deposits and loans.