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Latest news about Vakrangee

Vakrangee Receives Fresh RBI Authorization for White Label ATM Operations 2 days ago

Vakrangee has obtained new authorization from the Reserve Bank of India for white label ATM operations. This regulatory approval enables the company to operate non-bank owned ATMs that provide banking services across multiple banks. The authorization strengthens Vakrangee's position in financial technology services and supports expansion of banking infrastructure in underserved areas.

Vakrangee Limited Grants 1,00,000 Stock Options to Eligible Employees Under ESOP Scheme 2014 Jan 24, 2026

Vakrangee Q3FY26 Results: Standalone Profit Surges 96% to ₹371.93 Crores, Appoints New CFO Jan 24, 2026

Vakrangee Limited Receives ₹28.91 Lakh Income Tax Penalty Notice for Assessment Year 2018-19 Dec 31, 2025

Vakrangee Limited Files Company Petition for Share Capital Consolidation, Hearing Set for January 29, 2026 Dec 30, 2025

More news about Vakrangee

12Nov 25

Vakrangee Limited Forfeits 3.63 Crore Warrants Worth Rs 98 Crore as Conversion Period Expires

Vakrangee Limited announced the forfeiture of 3,63,33,433 warrants following the expiration of the 18-month conversion period. Out of 6 crore warrants issued at Rs 27 each, only Rs 88.94 crore was raised against a potential Rs 162 crore. The company's share price of Rs 8.12 on the expiry date was significantly below the warrant exercise price. Promoters forfeited 100% of their allocated warrants, while non-promoters forfeited 41%. The raised funds were fully utilized across various objectives, with the largest allocations going to loan repayment and strategic investment. The board has revised the total cost of objects from Rs 162 crore to Rs 88.94 crore.

30Oct 25

Vakrangee Limited CFO Ajay Jangid Steps Down, Citing Personal Commitments

Ajay Jangid, CFO and Key Managerial Personnel of Vakrangee Limited, has submitted his resignation citing personal commitments. The resignation will be effective from October 30, 2025. Jangid will cease to be the CFO and will no longer be authorized to determine materiality of events or make disclosures to stock exchanges under SEBI Listing Regulations. He has requested removal as an authorized signatory from all bank accounts and financial instruments. Vakrangee is initiating the process to inform relevant regulatory bodies and will appoint a new CFO to ensure continuity in financial operations.

24Oct 25

Vakrangee Reports Mixed Performance with Revenue Decline in Q2

Vakrangee Limited's Q2 financial results show a 2.8% year-over-year decline in standalone revenue to ₹4,412.71 crore. The consolidated revenue slightly increased to ₹6,907.96 crore from the previous quarter. The company's total standalone income was ₹4,480.76 crore, with a profit before tax of ₹397.10 crore. Operationally, Vakrangee continues to focus on its Kendra services and ATM segment. The company granted 20,00,000 new stock options to employees and withdrew its application for preferential allotment of 35,00,000 warrants convertible into equity shares.

04Sept 25

Vakrangee Partners with SBI General Insurance to Expand Rural Insurance Access

Vakrangee Limited has partnered with SBI General Insurance to offer comprehensive general insurance products through its Kendra network in rural and semi-urban India. The collaboration aims to provide various insurance solutions including motor, health, home, travel, and personal accident coverage, focusing on Tier 4 to Tier 6 towns and villages. Vakrangee's extensive network, with over 83% of outlets in these areas, is set to significantly enhance insurance accessibility in underserved regions.

01Aug 25

Vakrangee's Subsidiary Vortex Engineering Secures Rs 12.81 Crore ATM Contract with UCO Bank

Vortex Engineering, a subsidiary of Vakrangee Limited, has signed a service level agreement with UCO Bank worth Rs 12.81 crore. The contract involves supplying, installing, and maintaining 300 new ATM machines over seven years. Vortex Engineering has a track record of deploying over 14,000 ATMs and possesses innovative technologies like the 'PERFO' remote ATM monitoring platform. This agreement aligns with India's Make-in-India vision and contributes to strengthening the country's digital financial ecosystem.

25Jul 25

Vakrangee Reports 18% Revenue Growth and 48.5% Profit Surge in Q1

Vakrangee Limited announced robust Q1 financial results with total income up 18% YoY to ₹7,034.70 lakhs and PAT growing 48.50% YoY to ₹331.90 lakhs. The company operates 22,892 outlets across 33 states and secured new strategic deals. Its subsidiary, Vortex Engineering, showed significant growth in ATM machine shipments and revenue. Vakrangee remains debt-free and focuses on expanding non-cash banking services to drive financial inclusion.

22Jul 25

Vakrangee Expands Insurance Reach: Partners with Shriram General Insurance for Nationwide Distribution

Vakrangee Limited has formed a strategic partnership with Shriram General Insurance Company Limited to offer general insurance products through its Vakrangee Kendra network. The partnership will provide health, motor, travel, and commercial insurance to various customer segments, including rural and underserved areas. With over 83% of Vakrangee Kendras located in Tier 4 to Tier 6 regions, this collaboration aims to enhance financial protection and insurance accessibility across India.

23Jun 25

Vakrangee Expands Insurance Offerings through Partnership with Ageas Federal Life

Vakrangee Limited has formed a distribution partnership with Ageas Federal Life Insurance Company to broaden its insurance product portfolio. This strategic move allows Vakrangee to offer Ageas Federal Life Insurance products through its extensive distribution network. The collaboration aims to diversify Vakrangee's financial services offerings, potentially increasing footfall at its outlets and enhancing revenue streams. Customers will benefit from increased access to life insurance products and more options for financial planning, all available at Vakrangee outlets.

30May 25

Vakrangee Expands Insurance Offerings through Partnership with Universal Sompo

Vakrangee Limited has formed a strategic partnership with Universal Sompo General Insurance Company Ltd to offer general insurance products through Vakrangee's extensive network. This collaboration aims to increase accessibility to insurance services and diversify Vakrangee's financial services portfolio. The partnership is expected to benefit customers with a wider range of insurance products and enhance Vakrangee's position as a multi-service platform.

29May 25

Vakrangee's Subsidiary Secures Rs. 39.38 Crore ATM Contract from Punjab & Sind Bank

Vakrangee Limited's subsidiary, Vortex Engineering, has received a Letter of Intent from Punjab & Sind Bank for a significant ATM contract. The deal involves supplying, commissioning, and maintaining 600 ATMs and UPS, including a 5-year Annual Maintenance Contract. The contract is valued at Rs. 39.38 crore, highlighting Vortex Engineering's capabilities in the banking technology sector and potentially boosting Vakrangee's position in the market.

26Apr 25

Vakrangee Reports Mixed Results: Strong Revenue Growth but Q4 EBITDA Decline

Vakrangee Limited announced its financial results for FY2024-25, showing a 20.5% increase in consolidated total income to ₹25,902.62 crore. Profit before tax jumped 63.7% to ₹959.89 crore. Q4 saw an 18.5% rise in total income to ₹6,473.06 crore, but EBITDA declined to ₹68.00 crore from ₹76.00 crore year-over-year. The company expanded its Kendra network to 22,986 outlets across India and completed the acquisition of Vortex Engineering Private Limited, strengthening its ATM segment. Despite strong overall growth, Q4 EBITDA margin fell to 10.81% from 14.12% last year, indicating some operational challenges.

25Mar 25

Vakrangee Set to Boost ATM Network with 3,000 New Machines by FY 2025-26

Vakrangee Limited plans to expand its ATM network by adding 3,000 new machines in fiscal year 2025-26. This strategic move aims to enhance financial inclusion, particularly in underserved areas, aligning with the company's mission to bridge the urban-rural divide. The expansion is expected to increase revenue streams, boost brand visibility, and strengthen Vakrangee's position in the financial services sector.

25Feb 25

Vakrangee Expands Health Insurance Reach with Aditya Birla Health Insurance Partnership

Vakrangee Limited has formed a strategic partnership with Aditya Birla Health Insurance Company Limited to offer health insurance products through its Vakrangee Kendra outlets. This collaboration aims to improve access to comprehensive health insurance solutions in underserved and remote areas of India. Vakrangee's extensive network, with over 81% of outlets in Tier-4 to 6 locations, will offer ABHICL's diverse portfolio of health insurance products, including wellness and preventive care plans. The partnership is expected to bridge the urban-rural service gap in health insurance and promote financial inclusion in remote areas.