Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

Vakrangee Launches its 40+ NextGen Vakrangee Kendras in the National Capital Region

Posted On: 2018-10-15 10:28:46

Vakrangee Limited, launches its 40+ NextGen Vakrangee Kendras in the National Capital Region (NCR), New Delhi. After our successful launch in the Mumbai Metropolitan Region, we have now announced our ingress into the capital city. Our Kendras have been launched in the sub-urban and semi-rural areas of Delhi. Since our inception in 2011, Vakrangee Kendra has evolved from being a non-exclusive store with a single line of service to an exclusive digital convenience store model providing access to multi line of services spread across Banking, ATM, Insurance, Financial services, E-Commerce, E-Governance and Logistics.

The Next Gen Kendras boast of a modern and standardized format with a uniform look and feel in all the Kendras aimed towards building consistent service levels and uniform consumer experience. This model also embodies technological advancements such as mandatory ATMs that enable the ease of financial transactions; centralized monitoring with the help of CCTV Cameras which would provide remote assistance to the pan-India Kendras, digital advertising through digital signage for brand partners, along with biometric and pin pad devices to enable all kind of payments mechanisms. We are now looking to upgrade all the existing 45,000+ outlets within 2019.

Commenting on the launch, Mr. Dinesh Nandwana, MD & CEO, Vakrangee Ltd said, "We have successfully launched 50+ Next Gen Vakrangee kendras in Mumbai Metropolitan Region recently, and the launch of these 40+ Next Gen Vakrangee Kendras in the NCR region is another key milestone in our journey towards the up-gradation of the Vakrangee Kendra stores.

I am happy to share that, with our progressive efforts and strong positive response received from our franchisees, there will be 4,000+ outlets upgrading to the Next Gen model during this quarter before December, which are already in the advanced stage of completion. These outlets are spread across 380 districts and 2,548 postal codes of the country, out of which more than 3,000 outlets are from Tier 5 and Tier 6 cities. Simultaneously, we have started the process for upgrading all the remaining 41,000 outlets into Next Gen Vakrangee Kendras and which will be upgraded within 2019.

Our belief under the Vision 2020 of setting up 75,000 NextGen Vakrangee Kendras all over India, covering each pin code by the year 2020, aims at providing all types of services under one roof."

With this behemoth undertaking, we are putting forth our foray in not only the expansion of our viability in providing a bouquet of services to the customers, but also as a step towards bringing about employment, equality and minimizing the rural-urban disparity.

In our pursuit of bringing about an evolution in the Rutail (rural-retail) sector of India; Vakrangee, with this launch, also focuses on creating a separate and a stronger brand identity across India. We are aspiring to be the most trustworthy physical as well as online convenience store across India, positively moving towards Vakrangee Kendra's new brand philosophy of 'AB Poori Duniya Pados Mein'.

Shares of Vakrangee Limited was last trading in BSE at Rs.37.95 as compared to the previous close of Rs. 36.15. The total number of shares traded during the day was 300982 in over 575 trades.

The stock hit an intraday high of Rs. 37.95 and intraday low of 37.55. The net turnover during the day was Rs. 11409304.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Syngene International Ltd Board recommends issue of 1:1 Bonus Shares

Bharti Infratel Ltd Fixes May 8, 2019 as Record Date for Second Interim Dividend

Speedcast Brings Seamless Connectivity to Indian Waters with Nelco Partnership

Mahindra & Mahindra Ltd Board to consider Dividend and Audited Financial Results for FY 19

Glenmark receives approval from Russian Ministry of Healthcare to market Momate Rhino metered nasal spray as OTC product

Maruti Suzuki India Ltd hikes Ex-Showroom price of Baleno RS Petrol variant and Diesel variants

V2 Retail Ltd announces closure of store at Bhangel, Noida, Uttar Pradesh

Voltas Ltd Board to consider Dividend and Audited Financial Results for FY19

ICICI Prudential Life Insurance Company Ltd announces FY19 results

Syngene records strong Q4 and FY19 growth

IndiGrid meets FY19 distribution guidance, delivering another strong quarter

Bharti Infratel announces results for Q4 and FY 2018-19

Mahindra & Mahindra Financial Services Ltd announces Q4, FY19 results

Bank of Maharashtra board to consider fund raising on April 29, 2019

ICICI Prudential Life Insurance Company Ltd Board approves Dividend of Rs. 1.55

Shriram City Union Finance Ltd Board recommends Final Dividend of Rs. 16

Agro Tech Foods Ltd Board recommends Dividend of Rs. 2.50 for 2018-19

IPCA Laboratories Ltd to acquire Ramdev Chemical Pvt Ltd

Mahindra & Mahindra Financial Services Ltd approves dividend of Rs. 4 and special dividend of Rs. 2.50

Bharti Infratel Ltd board declares 2nd interim dividend of Rs. 7.50

Rashtriya Chemicals & Fertilizers Ltd calls for board meeting on May 7, 2019

Greaves Cotton Ltd board to consider FY19 results on May 2, 2019

Gujarat Gas Ltd board to announce Q4, FY19 results on May 1, 2019

Nitta Gelatin India Ltd board to approve FY19 results, dividend on May 6, 2019

Benares Hotels Ltd board recommends dividend of Rs. 15 for 2018-19

Shriram City Union Finance Ltd announces Q4, FY19 results

Bharti Infratel Ltd Q4 consolidated PAT at Rs. 607.6 crores

Agro Tech Foods Ltd FY19 consolidated PAT up at Rs. 34.25 crores

Mahindra & Mahindra FInancial Services Ltd FY19 PAT jumps to Rs. 1867.28 crores

Benares Hotels Ltd announces net profit of Rs. 8.72 crore in FY 2018-19

Café Coffee Day welcomes summer with absolutely refreshing fruit-based beverages

Max Bupa's #ExYourExcuse campaign encourages people to put their health first

Indiabulls Housing Finance Ltd Board declares Interim Dividend of Rs. 10 for 2019-20

Satia Industries Ltd Board to consider Final Dividend & Sub-division of Equity Shares

PTC India Ltd Board to consider FY19 results & Final Dividend on May 14, 2019

HSIL Ltd board to consider dividend, Q4, FY19 results on May 3, 2019

Britannia Industries Ltd terminates job work contract of Shah Foods Ltd

Loyal Textile Mills Ltd board to consider Q4, FY19 results on May 30, 2019

Indiabulls Housing Finance Ltd Q4 consolidated PAT slips to Rs. 1001.37 crores

Infosys positioned as a Leader in Gartner's Magic Quadrant

USFDA completes audit of Jeevan Scientific Technology Ltd's clinical pharmacology centre

Wall Street Finance Ltd launches 'Mobile App' for the Agent Partners

Astron Paper & Board Mill Ltd announces shut down of Unit-2

Godawari Power and Ispat Ltd calls for board meeting on April 30, 2019

Great Eastern Shipping Company Ltd board to approve FY19 results, NCD issue, dividend on May 6, 2019

TATA Elxsi Ltd reports PAT of Rs. 71.29 crores in Q4 FY19

Hexaware Technologies Ltd Q1 net profit jumps to Rs. 138.47 crore

Muthoot Capital Services Ltd Q4 PAT slides to Rs. 18.35 crore

Ultratech Cement Ltd Q4 consolidated net profit jumps to Rs. 1034.21 crore

Tata Elxsi Ltd Board recommends Dividend of Rs. 13.50

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019