RBI Renews the Authorization Issued to Vakrangee for White Label ATMS
Kiran DSIJCategories: Penny Stocks, Trending
The shares of the company have a PE of 66x, an ROE of 4 per cent and an ROCE of 6 per cent.
The Reserve Bank of India (RBI) has provided the Renewal of Authorization for Vakrangee Limited. RBI has extended the validity of the authorisation issued to Vakrangee Limited to set up, own and operate the White Label ATMs (WLA) in India. The validity has been extended till March 31, 2027. Vakrangee currently has 5,905 White Label ATMs (as on December 31, 2025), with 77 per cent of these ATMs in Tier 4 to 6 locations, further enhancing access to financial services in unserved and underserved areas.
Vakrangee currently has 23,034 Vakrangee Kendra Outlets and 84 per cent of these outlets are in Tier 4 to 6 locations. Vakrangee Kendras exclusively offer a comprehensive range of products and services across banking, insurance, ATM, Financial Services and Assisted E-Commerce services. This model also embodies technological advancements such as ATMs that enable the ease of financial transactions; CCTV monitoring available at the Kendras, digital advertising through digital signage for brand partners, along with biometric and pin pad devices to enable all kinds of payment mechanisms.
Commenting on this renewal, Mr Vedant Nandwana, Managing Director, Vakrangee Ltd said, “We are happy to announce the renewal of the authorisation of our White Label ATMs Business by RBI. ATMs form an integral part of our Vakrangee Kendra ecosystem and reinforce our commitment to delivering accessible financial services in rural and semi-urban areas.”
About the Company
Incorporated in 1990, Vakrangee has emerged as one of India's largest Last Mile Distribution Platforms with a Physical as well as Digital Eco-system in place with a PAN-India Presence. We are delivering real-time banking & Financial Services, ATM, insurance, e-Governance, e-Commerce (including Healthcare services) and Logistics services to the unserved rural, semi-urban and urban markets and enabling Indians to benefit from financial, social and digital inclusion. Vakrangee has emerged as the “Go To Market Platform” for various Business verticals, including Fintech and Digital platforms. The Assisted Digital Convenience stores (Physical Outlets) are called “Vakrangee Kendra”, which acts as the “One-stop shop” for availing various services and products and the Digital platform is called BharatEasy Mobile Super app.
The company has a market cap of over Rs 700 crore and as of June 2025, the Life Insurance Corporation of India (LIC) owns a 4.41 per cent stake in the company. The shares of the company have a PE of 66x, an ROE of 4 per cent and an ROCE of 6 per cent.
Disclaimer: The article is for informational purposes only and not investment advice.