Vakrangee Ltd.

Vakrangee’s wholly owned subsidiary -- Vakrangee Finserve has received approval from Union Bank of India for 20,000 Banking Business Correspondent (BC) point for Nextgen Vakrangee Kendra. The Bank shall allot in a batch of 2,500 BC points whereby 70-80% of BC points would be in Tier 5 and 6 locations and which would include 5% of the outlets to be opened in aspirational districts and LWE (Left wing extremism) areas.

Nextgen Vakrangee Kendra is a standardized format outlet exclusively offering a comprehensive range of products and services across banking, insurance, ATM, Assisted e-Commerce, e-Governance and logistics. The company will make available banking services to its customers in the most remote and hitherto unserved/underserved parts of the country.    

Vakrangee is the unique technology driven company focused on building India's largest network of last-mile retail touch points to deliver real-time banking, insurance, e-governance, ecommerce and logistics services to the unserved & underserved rural, semi-urban and urban markets.