Vakrangee Limited
NSE:VAKRANGEE
Vakrangee Limited
Vakrangee Ltd. engages in the provision of e-governance related services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2006-04-03. The firm offers various services, which are focused on financial, social and digital inclusion of its customers. The company operates on an asset-light, franchisee-based business model to cater to the needs of its stakeholders. Its assisted digital convenience stores, Next-Gen Vakrangee Kendras offers solutions for multiple products and services. Its digital offerings consist of banking, financial services, insurance, automated teller machine (ATM), logistics, online shopping, healthcare, travel, telecom and bill payment services. The firm is engaged in providing various solutions, activities in e-governance, e-commerce, white label ATM, financial services and logistics sector, including bullion and jewelry, through its Vakrangee Kendra. Its e-commerce services include assisted online shopping, assisted online healthcare, assisted travel services, telecom and bill payments services.
Vakrangee Ltd. engages in the provision of e-governance related services. The company is headquartered in Mumbai, Maharashtra. The company went IPO on 2006-04-03. The firm offers various services, which are focused on financial, social and digital inclusion of its customers. The company operates on an asset-light, franchisee-based business model to cater to the needs of its stakeholders. Its assisted digital convenience stores, Next-Gen Vakrangee Kendras offers solutions for multiple products and services. Its digital offerings consist of banking, financial services, insurance, automated teller machine (ATM), logistics, online shopping, healthcare, travel, telecom and bill payment services. The firm is engaged in providing various solutions, activities in e-governance, e-commerce, white label ATM, financial services and logistics sector, including bullion and jewelry, through its Vakrangee Kendra. Its e-commerce services include assisted online shopping, assisted online healthcare, assisted travel services, telecom and bill payments services.
Revenue Growth: Vakrangee reported total income of INR 55.9 crores for Q1 FY24, up 14.7% year-on-year.
Profitability Surge: PAT jumped to INR 0.49 crores, representing a 716.7% increase year-on-year, with EBITDA at INR 6.9 crores, up 55.9%.
Margin Improvement: EBITDA margin improved to 12.5% this quarter, with long-term targets of 15–16%.
Network Expansion: Over 21,000 active outlets are now operational, with 84% in rural areas; master franchisee network now covers 292 districts.
Vision 2030: Vakrangee aims for 300,000 outlets, 15,000+ ATMs, USD 1 billion in revenue, and USD 150 billion GTV by 2030.
Business Model: Company continues its asset-light, franchisee-led approach and is diversifying from cash-based to non-cash digital services.
ESG Recognition: Vakrangee received top ESG ratings from Sustainalytics and S&P Global, highlighting its corporate governance.
