Vakrangee Limited is a technology company based in

Mumbai Mumbai (, ; also known as Bombay — List of renamed Indian cities and states#Maharashtra, the official name until 1995) is the capital city of the Indian States and union territories of India, state of Maharashtra and the ''de facto'' fin ...

India India, officially the Republic of India (Hindi: ), is a country in South Asia. It is the seventh-largest country by area, the second-most populous country, and the most populous democracy in the world. Bounded by the Indian Ocean on the so ...

that provides banking, insurance, e-governance, e-commerce, and logistics services. The company is one of the main providers of the software and equipment for voter id cards and

Aadhaar Aadhaar ( hi, आधार, ādhār, lit=base, foundation, bn, আধার) is a 12-digit unique identity number that can be obtained voluntarily by the citizens of India and resident foreign nationals who have spent over 182 days in twelve ...

cards. As per Forbes, the company is the largest single systems integrator for all key government projects in India. As of June 2018, its largest owners included the promoter's family, the government of

Singapore Singapore (), officially the Republic of Singapore, is a sovereign island country and city-state in maritime Southeast Asia. It lies about one degree of latitude () north of the equator, off the southern tip of the Malay Peninsula, bor ...

, Wellington trust company, Life insurance corporation and Jagdishchander Bansal.

History

Vakrangee limited was founded in

Marol Marol is a locality in the suburb of the Andheri (East) in Mumbai, India. History The area has been inhabited for centuries, successively coming under both Portuguese and British rule. The village is filled with the Dawoodi Bohra community. Th ...

Naka, Mumbai 1990 by Dinesh Nandwana, a Chartered Accountant(CA). Though the company commenced its operations as a technology consultancy, it gradually expanded its operations, first in 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 .

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 ( ATM machines used by different banks). 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. Vakrangee also operates e-Governance projects with the Government of India.

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 The Government of India (ISO: ; often abbreviated as GoI), known as the Union Government or Central Government but often simply as the Centre, is the national government of the Republic of India, a federal democracy located in South Asia, ...

under various e-governance initiatives of the government. These include disbursement of money under

Direct Benefit Transfer Direct Benefit Transfer or DBT is an attempt to change the mechanism of transferring subsidies launched by Government of India on 1 January 2013. This scheme or program aims to establish a Giro system to transfer subsidies directly to the peopl ...

scheme, pension and basic banking under

National Pension System National Pension System Trust (NPS Trust) is a specialised division of Pension Fund Regulatory and Development Authority which is under the jurisdiction of Ministry of Finance of the Government of India. The National Pension System (NPS) is ...

and

Pradhan Mantri Jan Dhan Yojana Pradhan Mantri Jan Dhan Yojana () is a financial inclusion program of the Government of India open to Indian citizens (minors of age 10 and older can also open an account with a guardian to manage it), that aims to expand affordable access to f ...

, processing of passports, microinsurance under Atal Pension Yojana, Pradhan Mantri Jeevan Jyoti Bima Yojana & Pradhan Mantri Suraksha Bima Yojana, tax & cess collection, enrollment and issuance of

Card,

NREGA Mahatma Gandhi National Rural Employment Guarantee Act 2005 or MNREGA, earlier known as the National Rural Employment Guarantee Act or NREGA, is an Indian labour law and social security measure that aims to guarantee the 'right to work'. This a ...

Job Card, Election Card, Passport, birth, death, domicile and land record certificates among other services. 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, ticketing & logistics, e-learning & certifications, and e-commerce through

Amazon.in Amazon.com, Inc. ( ) is an American multinational technology company focusing on e-commerce, cloud computing, online advertising, digital streaming, and artificial intelligence. It has been referred to as "one of the most influential econom ...

. The company, licensed by the Reserve Bank of India, operates a network of white labeled Vakrangee ATM centers.

e-Governance Projects

Under this segment, Vakrangee delivers IT & IT enabled services to Government of India, various state governments, and Government of

Philippines The Philippines (; fil, Pilipinas, links=no), officially the Republic of the Philippines ( fil, Republika ng Pilipinas, links=no), * bik, Republika kan Filipinas * ceb, Republika sa Pilipinas * cbk, República de Filipinas * hil, Republ ...

. These projects include collection services, recruitment application processing for government-related services, grievance management services, land records digitization, electoral rolls among others

References

{{reflist, 2 Indian companies established in 1990 Companies based in Mumbai Technology companies established in 1990 1990 establishments in Maharashtra Companies listed on the National Stock Exchange of India Companies listed on the Bombay Stock Exchange