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{{Short description|Indian technology company}}
{{Use dmy dates|date=August 2018}}
{{Use Indian English|date=August 2018}}
{{Infobox company
| name = Vakrangee Limited
| logo = Vakrangee Limited Logo.png
| logo_size = 200px
| type = [[Public company|Public]]
| traded_as = {{Unbulleted list|{{BSE|511431}}|{{NSE|VAKRANGEE}}}}
| ISIN = INE051B01021
| industry = [[ITES]]
| founder = [[Dinesh Nandwana]]<ref>{{cite book |title=Company Annual report 2016-2017 |date=1 September 2017 |publisher=Vakrangee ltd. |location=Mumbai |url=http://www.vakrangee.in/pdf/annual-general-meetings/2016-2017/Vakrangee%20AR%202016-17.pdf |accessdate=8 June 2018 |archive-date=28 March 2018 |archive-url=https://web.archive.org/web/20180328222916/http://www.vakrangee.in/pdf/annual-general-meetings/2016-2017/Vakrangee%20AR%202016-17.pdf |url-status=dead }}</ref>
| area_served = [[India]]
| key_people = {{Unbulleted list|[[Dinesh Nandwana]] {{Small|(Managing Director & CEO)}}|Nishikant Hayatnagarkar {{Small|(Whole Time Director)}}}}
| products = {{Unbulleted list|[[e-governance]]|Vakrangee Kendra|Vakrangee ATM}}
| revenue = {{INRConvert|40|b}} (2017)<ref name=AR1617>{{cite web|url= http://www.vakrangee.in/pdf/annual-general-meetings/2016-2017/Vakrangee%20AR%202016-17.pdf|title= Annual Report 2016-17|publisher= Vakrangee Ltd|access-date= 14 October 2017|archive-date= 15 October 2017|archive-url= https://web.archive.org/web/20171015044739/http://www.vakrangee.in/pdf/annual-general-meetings/2016-2017/Vakrangee%20AR%202016-17.pdf|url-status= dead}}</ref>
| operating_income = {{INRConvert|9.5|b}} (2017)<ref name=AR1617/>
| net_income = {{INRConvert|3.5|b}} (2017)<ref name=AR1617/>
| assets = {{INRConvert|22.7|b}} (2017)<ref name=AR1617/>
| equity = {{INRConvert|20.6|b}} (2017)<ref name=AR1617/>
| num_employees = 1,706 (2017)<ref name=AR1617/>
| founded = {{Start date and age|df=yes|1990|05|28}}<ref name=AR1617/>
| location = Vakrangee House, Plot No. 66, Marol Co-Op. Industrial Estate, Off. M. V. Road, Andheri (E), Mumbai – 400 059<ref name=AR1617/>
| homepage = {{URL|http://www.vakrangee.in}}
}}

'''Vakrangee Limited''' is a technology company based in [[Mumbai]], [[India]] that provides banking, insurance, e-governance, e-commerce, and logistics services.<ref>{{cite web |url=http://www.vakrangee.in/ |title=Vakrangee Limited |access-date=14 October 2017 |archive-date=3 September 2023 |archive-url=https://web.archive.org/web/20230903111121/https://vakrangee.in/ |url-status=dead }}</ref><ref name="Vakrangee Softwares Ltd">{{cite web |url=http://quotes.wsj.com/IN/511431/company-people |title=Vakrangee Softwares Ltd. |website= wsj.com |publisher= The Wall Street Journal |accessdate=14 October 2017}}</ref> The company is one of the main providers of the software and equipment for [[Indian Election Commission|voter ID]] cards and [[Aadhaar]] cards.<ref name="Vakrangee Ltd. – Company History">{{cite web |url=http://www.business-standard.com/company/vakrangee-3546/information/company-history |title=Vakrangee Ltd. – Company History |website= business-standard.com |publisher= Business Standard |accessdate=14 October 2017}}</ref>

According to Forbes, the company is the largest single systems integrator for all key government projects in India.<ref name="Vakrangee">{{cite web |url=http://www.forbesindia.com/companyprofile2017/vakrangee/1645/91 |title=Vakrangee |website= forbesindia.com |accessdate=14 October 2017}}</ref> As of June 2018, its largest owners included the promoter's family, the government of [[Singapore]], Wellington Trust Company, [[Life Insurance Corporation]] and Jagdishchander Bansal.<ref>{{cite web |title=Shareholder pattern (31 March 2018) |url=http://www.vakrangee.in/data/annual_quarterly_results/Shareholding%20Pattern%20Q4.pdf |website=Company official website |publisher=Vakrangee |accessdate=8 June 2018 |archive-date=19 June 2018 |archive-url=https://web.archive.org/web/20180619053215/http://www.vakrangee.in/data/annual_quarterly_results/Shareholding%20Pattern%20Q4.pdf |url-status=dead }}</ref>

==History==
Vakrangee limited was founded in [[Marol]] Naka, Mumbai, 1990 by [[Dinesh Nandwana]], a Chartered Accountant (CA).<ref>{{cite web |url= http://www.forbesindia.com/lists/super-50-companies-2017/1645/all |title= Super 50 Companies 2017 |date= 5 October 2017 |website= forbesindia.com |accessdate=14 October 2017}}</ref> Though the company commenced its operations as a technology consultancy, it gradually expanded its operations, first by making voter identity cards in 1993, and subsequently as a franchisee for making Aadhaar UID cards in 2010. In July 2017, [[Forbes India]] included the company in its "Super 50" list of companies 2017 as it had a market capitalization of more than {{INRConvert|240|b}}.<ref name="Vakrangee"/><ref>{{cite web |url= http://www.vakrangee.in/data/annual_quarterly_results/Q1%20%20FY2017-18%20-%20Results%20Update%20%20Investor%20Presentation.pdf |title= Q1FY2017-18 Results Update & Investor Presentation |date= 30 June 2017 |website= vakrangee.in |publisher= Vakrangee Ltd. |accessdate= 14 October 2017 |archive-date= 15 October 2017 |archive-url= https://web.archive.org/web/20171015044700/http://www.vakrangee.in/data/annual_quarterly_results/Q1%20%20FY2017-18%20-%20Results%20Update%20%20Investor%20Presentation.pdf |url-status= dead }}</ref>

==Operations==
Vakrangee operates a franchisee network of more than 37,000 centers known as "Vakrangee Kendras" in 16 states of India. These centers undertake a mix of tasks, from voter ids, aadhaar registration, as well as white label ATMs ([[Automated teller machine|ATM]] machines used by different banks).<ref name="Vakrangee Ltd">{{cite web |url= https://in.finance.yahoo.com/quote/VAKRANGEE.NS/profile |title=Vakrangee Ltd. |website= in.finance.yahoo.com |publisher= Yahoo Inc. |accessdate=14 October 2017}}</ref> Most of its centers act as "last-mile retail points of sale" and are located in the rural, semi-urban and urban areas that do not have access to technology and often electricity.<ref name="Vakrangee"/>

Vakrangee also operates e-Governance projects with the Government of India.<ref name="Vakrangee Ltd"/><ref name="Vakrangee Softwares Ltd"/><ref name="Vakrangee Ltd. – Company History"/>

===Vakrangee Kendras===
As of December 2017, the company operated 44,286 Vakrangee Kendras through a franchisee-based model. Each outlet provides a range of services related to the [[government of India]] under various [[e-governance]] initiatives of the government. These include disbursement of money under [[Direct Benefit Transfer]] scheme, pension and basic banking under [[National Pension System]] and [[Pradhan Mantri Jan Dhan Yojana]], processing of passports, microinsurance under [[Atal Pension Yojana]], [[Pradhan Mantri Jeevan Jyoti Bima Yojana]] and [[Pradhan Mantri Suraksha Bima Yojana]], tax and cess collection,<ref>{{cite web |url=https://www.bloombergquint.com/markets/2017/04/18/vakrangee-jumps-on-plan-to-provide-gst-related-services |title= Vakrangee Jumps On Plan To Provide GST-Related Services |website= bloombergquint.com |publisher= Bloomberg L.P | date= 18 April 2017 |accessdate=14 October 2017}}</ref> enrollment and issuance of [[Aadhaar]] card, [[National Rural Employment Guarantee Act, 2005|NREGA]] Job card, [[Voter ID (India)|Election card]], [[Indian passport|Passport]], birth, death, domicile and land record certificates among other services.<ref name="Vakrangee Ltd"/>

Vakrangee Kendras also provides various other services like banking by acting as banking correspondent for many scheduled commercial banks and insurance as a corporate agent to some insurance companies, utility bill, mobile & DTH payments,<ref>{{cite web |url=https://corporateethos.com/tech-terrain/vankrangee-indusind-bank-tie-up-for-bill-payments-services/ |title=Vakrangee, IndusInd Bank Tie Up for Bill Payments Services |website= corporateethos.com |publisher= Corporate Ethos |accessdate=14 October 2017}}</ref> ticketing & logistics, e-learning & certifications, and e-commerce through [[Amazon (company)#Website|Amazon.in]].<ref>{{cite web |url=https://www.telegraphindia.com/pressrelease/prnw/48640/26-000-vakrangee-kendras-ease-demonetisation-pressure-push-g.html |archive-url=https://web.archive.org/web/20171015095047/https://www.telegraphindia.com/pressrelease/prnw/48640/26-000-vakrangee-kendras-ease-demonetisation-pressure-push-g.html |url-status=dead |archive-date=15 October 2017 |title=26,000 Vakrangee Kendras Ease Demonetisation Pressure, Push Government's Digital Initiative |date= 27 December 2016 |website= telegraphindia.com |publisher= The Telegraph |accessdate=14 Oct 2017}}</ref><ref>{{cite web |url=https://www.bloomberg.com/research/stocks/private/snapshot.asp?privcapId=20377827 |title=Company Overview of Vakrangee Limited |website= bloomberg.com |publisher= Bloomberg L.P |accessdate=14 October 2017}}</ref><ref>{{cite web |url=http://www.business-standard.com/article/markets/vakrangee-gains-on-strategic-tie-up-with-indian-oil-corporation-116030200158_1.html |title=Vakrangee gains on strategic tie-up with Indian Oil Corporation |website= business-standard.com |date=2 March 2016 |publisher= Business Standard |accessdate=14 October 2017}}</ref><ref>{{cite news |url=http://www.thehindu.com/business/Industry/Amazon%E2%80%99s-offline-thrust-to-online-sales/article14435748.ece#! |title=Amazon's offline thrust to online sales |newspaper= The Hindu |date=21 June 2016 |accessdate=14 October 2017}}</ref> The company, licensed by the Reserve Bank of India, operates a network of white labeled Vakrangee ATM centers.<ref>{{cite web |url=http://www.thehindubusinessline.com/companies/vakrangee-gets-whitelabel-atm-licence/article5617522.ece |title=Vakrangee gets white-label ATM licence |website= thehindubusinessline.com |publisher= The Hindu Business Line| date= 25 January 2014 |accessdate=14 October 2017}}</ref><ref>{{cite web |url=http://www.businesstoday.in/money/banking/rbi-appoints-3-nbfcs-for-setting-up-of-white-label-atms/story/206604.html |title= RBI appoints 3 NBFCs for setting up of white label ATMs |website= businesstoday.in |publisher= The India Today Group| date= 27 May 2014 |accessdate=14 October 2017}}</ref>

===e-Governance Projects===
Under this segment, Vakrangee delivers IT and IT enabled services to the Government of India, various state governments, and the Government of [[Philippines]].<ref>{{cite web |title=Investor presentation (2018) |url=http://www.vakrangee.in/data/annual_quarterly_results/Q3%20%209M%20FY2017-18%20Results%20Update%20Presentation.pdf |website=Vakrangee official website |publisher=Vakrangee |accessdate=8 June 2018 |archive-date=12 June 2018 |archive-url=https://web.archive.org/web/20180612142943/http://www.vakrangee.in/data/annual_quarterly_results/Q3%20%209M%20FY2017-18%20Results%20Update%20Presentation.pdf |url-status=dead }}</ref> These projects include collection services, recruitment application processing for government-related services, grievance management services, land records digitization, electoral rolls, among others<ref name="Vakrangee Ltd. – Company History"/>

== References ==
{{reflist|2}}

[[Category:Indian companies established in 1990]]
[[Category:Companies based in Mumbai]]
[[Category:Technology companies established in 1990]]
[[Category:1990 establishments in Maharashtra]]
[[Category:Companies listed on the National Stock Exchange of India]]
[[Category:Companies listed on the Bombay Stock Exchange]]

Vakrangee Limited - Revision history

Vikiutq: Started initial details more to come