Vakrangee Limited , a leading last-mile distribution platform, has announced a strategic partnership with SBI General Insurance Company Limited to expand access to comprehensive insurance products across rural and semi-urban areas in India. This collaboration aims to drive insurance penetration in underserved regions, offering a wide range of general insurance solutions through Vakrangee's extensive network of Kendras.

Expanding Insurance Reach

The partnership will enable Vakrangee Kendras to offer various general insurance products, including:

• Motor insurance
• Health insurance
• Home insurance
• Travel insurance
• Personal accident insurance

This initiative is particularly focused on providing financial protection to citizens in Tier 4 to Tier 6 towns and villages, where access to such services has been limited.

Empowering Rural India

Mr. Vedant Nandwana, Managing Director of Vakrangee Limited, expressed enthusiasm about the partnership, stating, "Through this collaboration, our extensive Vakrangee Kendra network will now be able to offer a comprehensive range of general insurance products to every corner of the country. By making insurance accessible and affordable at the grassroots level, we aim to empower families across Bharat with financial protection, security, and peace of mind against life's uncertainties."

Vakrangee's Extensive Network

Vakrangee Kendras are exclusive, branded outlets that provide a diverse range of services, including:

• Banking
• Insurance
• Assisted e-commerce
• E-governance
• ATM access
• Healthcare services

With over 83% of its outlets located in Tier 4 to Tier 6 locations, Vakrangee is well-positioned to significantly enhance the reach of general insurance solutions to some of India's most remote and underserved regions.

About the Partnership

• Vakrangee Limited is registered as a Corporate Agent (IRDAI Reg. No: CA0249) of SBI General Insurance Company Limited.
• The collaboration aligns with Vakrangee's vision of delivering a "one-stop solution" for essential needs and its brand promise – "Ab Poori Duniya Pados Mein" (Now the whole world is in your neighborhood).
• SBI General Insurance, one of India's fastest-growing private general insurance firms, brings its legacy of trust and security to this partnership.

This strategic tie-up between Vakrangee and SBI General Insurance represents a significant step towards financial inclusion and protection for rural and semi-urban India, making comprehensive insurance products more accessible to millions of underserved customers.

Vakrangee Limited announced that its subsidiary, Vortex Engineering Private Limited, has signed a significant service level agreement with UCO Bank. The contract, valued at Rs 12.81 crore, involves the supply, installation, and maintenance of 300 new ATM machines over a seven-year period.

Contract Details

Vortex Engineering's Capabilities

Vortex Engineering, a subsidiary of Vakrangee Limited, has established itself as a leading provider of ATM solutions:

• Successfully deployed over 14,000 ATMs across various locations
• Annual production capacity of 12,000 units
• Holds 9 registered patents in ATM and cash dispenser technologies

Technological Innovation

Vortex has developed 'PERFO', a remote ATM monitoring platform that offers:

• Real-time oversight
• Predictive maintenance
• Efficient fleet management
• Cross-platform and cross-vendor compatibility

Strategic Importance

This contract with UCO Bank, a leading public sector institution, underscores Vortex's role in building resilient and future-ready banking infrastructure across India. The company's focus on sustainability, scalability, and operational excellence positions it at the forefront of the ATM technology landscape.

Alignment with National Initiatives

As a Swadeshi company, Vortex aligns with the Make-in-India vision and the "Atma Nirbhar Bharat" mission by:

• Emphasizing domestic design, development, and manufacturing
• Strengthening India's digital financial ecosystem
• Fostering local innovation and technological sovereignty
• Contributing to employment generation

About Vakrangee Limited

Vakrangee Limited has emerged as one of India's largest Last Mile Distribution Platforms, offering:

• Real-time banking and financial services
• ATM services
• Insurance
• E-governance
• E-commerce (including healthcare services)
• Logistics services

The company operates through:

• Physical Outlets: "Vakrangee Kendra" - one-stop shops for various services and products
• Digital Platform: BharatEasy Mobile Super app

Vakrangee's extensive network aims to enable financial, social, and digital inclusion across urban, semi-urban, and rural markets in India.

This latest contract secured by Vortex Engineering reinforces Vakrangee's commitment to expanding financial services accessibility and supporting the growth of India's banking infrastructure.