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Incorporated in 1990, Vakrangee is a technology-driven company centered around building last-mile retail outlets to deliver BFSI and other services to the unserved and underserved rural, semi-urban, and urban population of the country.
Vortex Engineering, a Vakrangee subsidiary, secured a ₹37.79 Cr order from a major Public Sector Bank for supply, installation, and maintenance of 540 ATMs and UPS. The contract will be executed over 7 years, strengthening its banking infrastructure portfolio.
Vakrangee's Q1 results show a 39.3% PAT surge to ₹2.3 Cr, with EBITDA margin expanding by 330 bps. GTV reached ₹14,056.4 Cr. The debt-free company is strategically shifting to high-margin non-cash banking, secured new ATM/Perfo orders, and launched the Bharateasy Super App.