Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Google
Web www.equitybulls.com
Stock Report

| More

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

Click here to send ur comments or to feedback@equitybulls.com





Other Headlines:

American Public Life Insurance Company Selects Majesco L&A and Group Core Suite

Flagging off of the first batch of tuna long liner cum gillnet fishing vessels from Cochin Shipyard

Vedanta Ltd denies submitting revised bids for Essar Steel

Huhtamaki PPL Ltd posts net profit of Rs. 17.96 crores in Q4

Linde India Ltd reports PAT of Rs. 15.41 crores in Q4

Tulive Developers Limited board to consider buyback proposal on Feb 22, 2019

GreenPro Certification awarded to Ramco Cements' flagship product - RAMCO SUPERGRADE

Duke Offshore Ltd bags contract from Daewoo - Tata Projects JV

Vyapar Industries Ltd board to consider buyback on Feb 22, 2019

Wipro Positioned as a Leading Player in 'Zinnov Zones for Digital Services in Retail - 2018'

Essel Propack receives Inter Corporate Deposit of Rs. 40 crores

Bajaj Finance announces winners of 'EON'

Gartner Cites Newgen Software as a Niche Player in the 2019 Magic Quadrant for Intelligent BPM Suites

Premier Ltd enters into 10 year lease agreement with Global Icon Projects LLP

ABB wins INR 270 crore order for train technologies from Indian Railways

Nucleus Software's FinnOne Neo Cloud wins the 'Best Cloud Lending Solution' award

HIL Ltd commences commercial production of dry mix plant at Jhajjar, UP

Maharashtra Seamless Ltd pays Rs. 477 crore for acquisition of USTPL

Mac Hotels Ltd Board to consider Interim dividend on March 5, 2019

TCS and Nanoheal to Provide Digital workspace Automation for End-user Devices

IT search at head Divis Laboratories Ltd's premises

TCI Industries Ltd allots 1250 NCRPS

Time Technoplast Ltd receives order worth over Rs. 115 crore

Maruti Suzuki's Compact SUV Vitara Brezza clocks fastest 4 Lakh cumulative sales in under 3 years

BBK Partners with Intellect's Digital Transaction Banking for Digital Transformation of its Transaction Banking Business

Thomas Cook India witnesses a 35% surge in bookings for Japan

Ramco ERP Drives Digital Transformation at PT. Cipta Krida Bahari

63moons filing Rs 10000 cr damage suits against Mr P Chidambaram, Mr K P Krishnan and Mr Ramesh Abhishek

Trident Limited Received 'CSR Leadership Award'

Modulex Construction Technologies Ltd approves corporate guarantee to Give Vinduet Windows and Doors Pvt Ltd

Signet lndustries Ltd secures orders of Rs. 130 crore

Emami Group promoters divest 10% stake for INR 1600 cr in Emami Limited

NLC India Ltd joins hands with NHPC Ltd on power trading

L&T clarifies on action against CTS

Ambuja Cements Limited announces CY2018 results

Cipla wins portion of state ARV tender

Huhtamaki PPL Ltd Board recommends Dividend of Rs. 3 for 2018

Asian Warehousing Limited calls for board meeting on Feb 25, 2019

Cipla and Wellthy Therapeutics announce Partnership

Merck Ltd board to consider dividend on Feb 27, 2019

Ambuja Cements Ltd Board recommends Final Dividend of Rs. 1.50

Wipro launches QuMiC to accelerate migration to Oracle Cloud

Cyient Launches its Connected Equipment Offering for OEMs and Equipment Owners and Operators

V-Mart Retail Limited opens new store in Uttar Pradesh

The Ramco Cements Ltd to contribute Rs. 5 lakhs each for 8 martyrs of Pulwama attack

Satin Creditcare Network Ltd to consider issue of NCDs on Feb 21, 2019

Suditi Industries executes license contract with PSG Merchandising

VBC Ferro Alloys Ltd resumes manufacturing operations at its factory

Tiger Logistics India Ltd strengthens its position in the Auto Logistics Sector

ISG Provider Lens™ Names HCL Technologies a Leader in Development of Next Gen Banking, Financial, and Insurance Applications







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

disclaimer copyright © 2005 - 2019