Vakrangee Limited — Updates, 25-03-2025: Press Release

Vakrangee Limited is set to enhance its ATM network with the deployment of 3,000 new machines in FY2025-26, focusing on financial inclusion. These new UPI-based ATMs will facilitate cardless cash withdrawals, reflecting a commitment to modernizing access to financial services. The company has already received over 465 applications for new ATMs, signaling robust demand for its expansion initiative.

Currently operating 6,050 White Label ATMs, with a significant presence in underserved Tier 4 and 6 areas, Vakrangee aims to bridge the accessibility gap. The acquisition of Vortex Engineering Private Limited presents opportunities for cost synergies and advanced technology, aligning with the "Make in India – Atma Nirbhar Bharat" initiative and enhancing operational capabilities.

The planned expansion is strategically positioned to enhance cash availability and support the company’s vision of offering a comprehensive suite of financial services through its 22,395 Vakrangee Kendra outlets, primarily located in underrepresented areas. This initiative stands to benefit millions of customers, solidifying Vakrangee's role in driving financial, digital, and social inclusion. Investors should watch this expansion closely as it promises significant growth potential in the evolving financial landscape.