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Vakrangee Limited Launches 3,300+ NextGen Vakrangee Kendras across India

Posted On: 2019-01-16 17:43:25

Vakrangee Limited has launched 3,300+ Nextgen Vakrangee Kendras across Pan India today, 14th January 2019. After successful launch in the Mumbai Metropolitan Region (MMR) & National Capital Region (NCR), the company has now rolled out these outlets on Pan India basis. These Nextgen Vakrangee Kendras offer a comprehensive range of products and services across banking, insurance, ATM, assisted e-Commerce, eGovernance, Financial services and Logistics.

These Nextgen outlets are spread across 20 states, 340+ districts and 2,000+ postal codes of the country, out of which more than 70% outlets are from Tier 5 and Tier 6 cities. Overall in the Pilot phase, the company plans to have 4,000+ Nextgen Vakrangee Kendra stores.

Since 2011, the Vakrangee Kendras have evolved from being a non-exclusive store with a single line of service to Nextgen Vakrangee Kendras. These Nextgen outlets are based on 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 Nextgen Kendras boast of a modern and standardized format with a uniform look and feel in all the outlets aimed towards building consistent service levels and uniform consumer experience.

Commenting on the same, Mr. Dinesh Nandwana, MD & CEO further said "This is a big milestone towards our consolidation exercise to upgrade and standardize all our existing Vakrangee kendras to the Nextgen model. We have today successfully launched these Nextgen outlets all over the country. I would take this opportunity to thank all our Vendor Partners and Service Partners who all have played a key role in this transformation and up-gradation exercise. Without their support this would have not been possible. We believe that these Nextgen outlets will enable every Indian to seamlessly benefit from financial inclusion, social inclusion, digital india, skill development, employment, government programmes and a wider access to basic goods and services."

He further added, "We have initiated the process of upgradation of the rest of the stores and we plan to upgrade these entire stores by CY2019. 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.45.9 as compared to the previous close of Rs. 43.75. The total number of shares traded during the day was 2771559 in over 4689 trades.

The stock hit an intraday high of Rs. 45.9 and intraday low of 44.35. The net turnover during the day was Rs. 126478327.


Source: Equity Bulls

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