Vakrangee business plan,rising star in its PEER group, fund raising, expansion plan, transforming to digital tech.
Vakrangee Established in 1990, is a technology-driven company committed to building India’s largest network of last-mile retail outlets. their focus is on serving the unserved and underserved populations across rural, semi-urban, and urban regions.
Vakngee deliver a wide spectrum of technologically integrated services across key sectors, including Banking, Financial Services & Insurance (BFSI), Automated Teller Machine (ATM) services, E-Commerce, and Logistics. Their Nextgen Vakrangee Kendras are designed as advanced “One-Stop Shop” Assisted Digital Convenience Stores, leveraging cutting-edge technology to provide seamless access to goods and services.
Vakrangee Business Portfolio
Vakrangee provides extensive network of outlets, fostering financial, digital, and social inclusion across rural India. Thier mission is to ensure that every citizen has equitable access to financial services, digital empowerment, and opportunities in the global marketplace.
Financial inclusion is driven by supporting government-led initiatives such as the Pradhan Mantri Jan Dhan Yojana (PMJDY) and various social security insurance schemes. Their Nextgen Vakrangee Kendras act as digital enablers, providing universal access to essential banking, insurance, and pension services. Additionally, these Kendras facilitate seamless Direct Benefit Transfers (DBT) for government subsidies, ensuring efficient and transparent disbursement to beneficiaries.
JSW Second Largest Port of India
Vakrangee operate on a franchise-based model, where each franchisee is a trusted member of the local community. their approach is centered on empowering rural entrepreneurship, creating employment opportunities, and fostering skill development. By leveraging this model, Vakrangee bring urban-level convenience and advanced services directly to the doorsteps of rural residents, bridging the gap between urban and rural accessibility.
Company Expansion Plan
- Vakrangee has entered in to an agreement with CANARA BANK as Corporate Business Correspondent for Providing Banking Services through VAKRANGEE KENDRA Networks.
- Vakrangee has entered in to an agreement with CENTRAL BANK of INDIA as Corporate Business Correspondent for Providing Banking Services through VAKRANGEE KENDRA Networks.
- Vakrangee Launches its own private label apparel products under the ECommerce business category.
- Company has tied up with Star Health Insurance
Vakrangee Next Jump
Company has the vision to outperform in digital ecosystem with latest AI technology by year 2030 and has broad vision of :
- Company Plan to increase and expand its Vakrangee Nextgen Kendra to 300,000
- 15,000 ATM Machines by 2030.
Financial Growth Target
By 2030 Company proposed to have the revenue target of 82 bn and gross value target 12,300 bn, Vakrangee aim to achieve ambitious growth targets through the strategic expansion of franchise network, investments in cutting-edge technologies, and strong partnerships with leading players in the banking and e-commerce sectors. These efforts will empower Company to optimize service delivery, extend their reach, and build a resilient ecosystem for long-term, sustainable growth and success depends on how the company achieve these targets.
The company is making significant investments in its digital platform, BharatEasy, to enhance consumer service experiences and boost engagement. However, increasing competition in the e-commerce and banking sectors presents potential challenges that could impact its profit margins and market share.
The company’s recent fundraising initiatives, such as the preferential allotment of convertible warrants and the acquisition of Vortex Engineering, are poised to provide the crucial resources needed to drive its growth strategies.
Vakrangee on Chart
VAKRNAGEE FUND RAISING
Company have informed to NSE in a filing for fund raising by Preferential Allotment of Convertible Warrants to Non – Promoter Category
To Issue and Allot upto 35,00,00,000 Convertible Warrants, this is the second time in this year company is raising the fund , first time it was in Mar 2024
Business Meeting
Company next meeting to be held on 15-Jan-2o25
PEER GROUP
Vakrangee provides a comprehensive range of services spanning multiple sectors, including BFSI, ATMs, E-Commerce, and Logistics. Our Nextgen Vakrangee Kendras serve as essential “One-Stop Shop” Assisted Digital Convenience Stores, delivering goods and services to citizens at competitive prices while ensuring consistent quality and timely access.
https://marketbarrister.com/jsw-second-largest-port-of-india/
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