Vakrangee Limited was established in Marol Naka, Mumbai, India, in 1990, by Dinesh Nandwana, a Chartered Accountant(CA), as Vakrangee Investment & Consultancy. The leading provider of software and equipment for voter id cards and Aadhaar cards, as of 2017, Vakrangee has an operating income of robust 9.5 billion US Dollars. It is a technology-driven organisation centred on creating India's most extensive chain of last-mile retail outlets to perform real-time banking, Financial Services, ATM, insurance, e-governance, e-commerce, and logistics services. Their target consumers vary from the unserved rural, semi-urban to the urban markets. Vakrangee runs a franchisee chain of more than 37,000 stations acknowledged as "Vakrangee Kendras" in 16 states of India. These stations promise a mix of duties ranging from voter ids, Aadhaar registration, as well as, white label ATMs (ATMs used by various banks). On April 3 1992, the company was renamed as Vakrangee Investment and then to Vakrangee Ltd in the year 1995, followed by Vakrangee Softwares Ltd in September 1999, and finally to Vakrangee Limited on 1 October 2013. Vakrangee believes in being a socially responsible and conscious company. They are having one of the largest retail networks with an aim to reach every possible postal code. They are a listed company in the National stock exchange and Bombay stock exchange.
During the year 2004-05, the company entered into a Memorandum of Understanding with Godrej & Boyce Mfg Co Ltd for collectively performing election and similar projects on a national level.
As of March 31 2018, the company has three wholly-owned subsidiaries-
Vakrangee Finserve Limited
Vakrangee Logistics Private Limited
Vakrangee e-Solutions INC
On 6 September 2018, Vakrangee Limited informed the stock exchanges that it has entered into a distribution agreement with Aditya Birla Finance Limited, followed by a distribution agreement with Aditya Birla Housing Finance Limited on 24 September 2018.
Vakrangee offers various services-
BANKING SERVICES- Bank Account Opening, Cash Deposits, Withdrawals, Money Transfer, Fixed and Recurring Deposits, Balance Enquiry, Statement of Accounts, Disbursement of money under Direct Benefit Transfer, Lead generation for loan products.
INSURANCE SERVICES- Life Insurance products, General Insurance(Motor Insurance) products, Health Insurance products, Social security and micro-insurance schemes such as Atal Pension Yojna, Jeevan Jyoti Bima Yojana, and Pradhan Mantri Suraksha BimaYojna.
FINANCIAL SERVICES- Lead generation for Loan Products, Consumer Loans, Housing Loans, SME and Working Capital Loans, Domestic Money Transfer Services.
Assisted Online Shopping, Travel, and Healthcare Services.
Telecom and Bill Payment Services.
They worked on a project MCA 21, for the ministry of corporate affairs.
Vakrangee operated a project, Rashtriya Swasthya Bima Yojna, across various states of India.
They have also worked on a project named Land record digitisation for the Govt Of the Philippines.
They ran an extensive project of Passport Seva Kendra, which involved setting up ultra-modern passport offices at 77 locations PAN India with business process engineering.
During the tenure 2014-17, they were given n official license by RBI to set up and manage WLA across India.
In July 2017, Forbes India listed the company in its Super 50 list of companies 2017 as it had a market value of more than ₹240 billion (US$3.4 billion).
13 August 2018 Vakrangee Limited announced the launch of the first 50+ NextGen Vakrangee Kendras in the Mumbai Metropolitan Region (MMR).
The organisation was awarded ET-500 Best Company of the Year for 2007-08.
The company also received Kodak Gold Plus accreditation, the only company in India with this award.
Vakrangee won the UID enrollment project, one of their best projects in the year 2010-11.
In the year 2012-13, they grabbed the project for the national population register for data digitisation.
They seized a position in Forbes super 50 companies in 2017.
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