Vakrangee History, Latest Updates, Evolution, Subsidiaries & Share Price

Vakrangee Limited - Company Overview

Vakrangee Limited is an Indian company that was established back in 1990 in Mumbai and specializes in using innovations to build last-mile retail networks in rural, semi-urban, and urban India. Nextgen Vakrangee Kendras provide such services as BFSI, insurance, e-governance, e-commerce, logistics, and ATMs for various government initiatives including Aadhaar and voter IDs.

According to data as of April 2026, Vakrangee share price is valued at Rs.6.91 per share on NSE, while its market capitalization is Rs.748 crore even though 52-week prices vary from Rs.4.61 to 11.53 with profits increasing by 96% during the third quarter of FY26 amounting to Rs.372 crore. Discover best app for commodity trading in india.

Vakrangee Moves in 2026 (Jan-Apr)

On January 24, 2026: The board endorsed the third quarter financial results after their meeting – standalone PAT rose by 96% to Rs 372 crores and net income was up by 2.87% YoY to Rs 4,754 crore; new CFO is Mr. Aditya Jani; filed petition with NCLT for stock consolidation (Rs 1 to Rs 10).

On February 17, 2026: Vakrangee share price ended the day trading at Rs 6.74, with stable trading volume of over 4.4 million stocks due to debt-free growth of its businesses including e-governance and ATMs (1,462 units were delivered during 9 months of FY26, up by 23.4% YoY).

April 24, 2026: Vakrangee share price was Rs.6.91 (NSE) with a board meeting on April 29 for approval of FY26 financial results; Market capitalization stood around Rs.748 crore.

Vakrangee Limited Moves In 2025

January 2025:

Vakrangee share price closed at Rs.34.40, indicating stability at the start of the year.

February 2025:

Vakrangee share price decreased marginally to Rs.33.50. Vakrangee declared on February 6 that it had formed a strategic collaboration with Tata AIG for selling general insurance products through its wide network.

March 2025:

Vakrangee share price declined further to Rs.31.20 in the midst of regular market fluctuations.

April 2025:

Vakrangee share price settled at Rs.29.80. On April 26, the firm announced its Q4 and full-year FY2024-25 financial performance, posting a 20.5% revenue growth and a 63.7% profit before tax growth year on year.

May 2025:

Vakrangee share price dropped steeply to Rs.10.15. On May 30, Vakrangee formed a strategic collaboration with Universal Sompo General Insurance to expand its insurance product portfolio.

June 2025:

Vakrangee share price improved slightly to Rs.10.99. On June 6, Vakrangee reported that its unit, Vortex Engineering, received an order for 600 ATM machines from Punjab & Sind Bank, a sign of expansion.

July 2025:

Vakrangee share price closed down at Rs.9.95, showing some volatility despite favorable business developments.

 

Financial Highlights:

At the close of the 9-month period in FY2024-25, Vakrangee reported a 21.2% year-on-year growth in revenue and over doubled profit before tax with an increase of 110.1%.

Net profit in Q4 FY2024-25 increased by about 16% to Rs.2.54 crore, and sales rose by over 17% to Rs.63.18 crore.

 

Evolution of Vakrangee  Limited: Year-wise Overview

1990: In 1990, Vakrangee Investment & Consultancy Private Limited was established on May 28 by Dinesh Nandwana. Initially, its activities were consultancy of share transfers and discounting of bills.

1992: Redesignated as Vakrangee Investment Limited on April 3, 1992, and later converted into a public limited company.

1993: Registered as Merchant Bankers (Category IV) in May and Registrar and Transfer Agent (Category I) in November. Obtained contracts for producing Voter Identity Cards in major Indian states: Bombay, Gujarat, and Rajasthan.

1994: Made a public offering of 1,800,000 equity shares.

1995: Renamed Vakrangee Limited on March 31, 1995.

1999: Redesignated Vakrangee Softwares Limited on September 27, 1999. The corporation ventured into the software business by launching bilingual software for voters' electoral rolls. It also set up two 100% Export-Oriented Units (EOU) under the Software Technology Parks (STP) scheme in Mumbai and Jaipur.

2000: Trading in the shares of the company was suspended by the Bombay Stock Exchange on account of a disagreement related to share ownership.

2001: Launched www.bloodbankinfoline.com, a web portal focused on blood banks and a medical guide.

2003-2004: Successfully executed a project comprising software development to automate the preferential voting system of Bar Councils.

2004-2005: Signed a Memorandum of Understanding (MoU) with Godrej & Boyce Mfg Co Ltd to collaborate on election-related projects. Also, it won an order for the digitization of records of the Indian Patent Office.

2005-2006: Invested in Vakrangee Electronics Pvt Ltd, an entity engaged in Electronic Election Machine development. The business also acquired digitization contracts for Ghaziabad Tehsil Land Revenue records and the Ghaziabad Development Authority. In addition, it obtained an assignment from the Election Commission, Maharashtra State Unit, to create Electoral Photo Identity Cards for 20 districts.

2006-2007: Installed a high-speed variable data printing system. Awarded contract by CMC Ltd for digitization work for the Registrar of Companies as part of e-Governance initiatives. Also got direct work from TATA Consultancy Services Ltd for a Public Facilitation Office.

2008: Entered into an agreement with Financial Information Network and Operations Ltd for smart card solutions.

2009: Entered into a tripartite agreement through its subsidiary Vakrangee e-Solutions Inc to implement the Land Titling Computerization Project in the Philippines.

2010: Suggested a dividend of Rs. 1.50 per Vakrangee share price. Launched a Proof of Concept (PoC) in Kon for the Unique Identification (UID) project and also became a franchisee for producing Aadhaar UID cards.

2011: Awarded the UID-linked Haryana Public Distribution System (PDS) Project and the UID Enrollment Project by Union Bank of India.

2012: Redeemed the face value of its shares from Rs. 10 to Rs. 1 and issued a 1:1 bonus share.

2013: Changed its name from Vakrangee Softwares Limited back to Vakrangee Limited on October 1, 2013.

2015: Inked an agreement with Bank of Baroda, appointing Vakrangee as its National Business Correspondent for India.

2016: Entered into a strategic tie-up with Indian Oil Corporation Limited (IOC) for opening Vakrangee Kendras at IOC's retail stations.

2017: Issued a further 1:1 bonus share.

Early 2018: The company's shares suffered a sharp fall, raising fears over the long-term viability of its business model, cash flows, and growth opportunities. Its then-auditor PricewaterhouseCoopers quit.

2024: Partnered with Star Health to increase insurance product access.

FY2025-26 (Target): To deploy more than 5,000 ATMs.

FY2030 (Target): To reach a revenue of Rs. 82 billion and a Profit After Tax (PAT) margin of 10-12%, with Gross Transaction Value (GTV) expected to be US$ 150 billion.

Vakrangee Limited has successfully evolved from its early investment and consultancy background to become a fulcrum entity in India's last-mile digital connectivity and services delivery. It operates mainly among the unserved and underserved segments of society through its vast chain of "Vakrangee Kendras." The company keeps sharpening its business model, with a focus on driving financial, social, and digital inclusion.

 

Vakrangee Limited Information

Vakrangee Limited: Key Corporate Developments, News, and Press Releases in 2025

Financial Performance Highlights:

March 2025 Quarter (Q4 FY2024-25):

• The company posted a 15.98% rise in consolidated net profit to Rs.2.54 crore compared to the quarter ended March 2024.

• Consolidated revenue rose by 17.24%, reaching Rs.63.18 crore.

• On a standalone basis, net profit shot up by a whopping 178.22% to Rs.2.81 crore.

• Standalone sales, however, dropped marginally by 4.82%, coming to Rs.43.68 crore.

Full Fiscal Year 2024-25:

• The consolidated net profit for the year grew by 53.10%, amounting to Rs.6.66 crore.

• The consolidated sales for the year increased by 19.96%, reaching Rs.255.01 crore.

• Standalone net profit for the year rose by 110.85% to Rs.8.16 crore.

• Stand-alone sales during the year dipped slightly by 0.85% to Rs.182.07 crore.

• Q3 FY2024-25: Revenue exhibited a 31.7% increase on a year-on-year basis, whereas Profit Before Tax & Exceptional Items doubled more than twice, registering a growth of 72.0% year-on-year. The Quarterly Gross Transaction Value (GTV) crossed Rs.13,699.8 Crores, with transactions crossing 3.2 Crores.
  
  

Strategic Business Expansions and Partnerships:

ATM Network Expansion: Vakrangee, in March 2025, announced an expansion of its ATM network substantially through the deployment of 3,000 new UPI-based ATMs in FY2025-26. 

Healthcare Insurance Collaboration: In the early part of 2025, the organization entered into a strategic partnership with Aditya Birla Health Insurance Company Limited (ABHICL). 

Life Insurance Partnership: Vakrangee signed a strategic distribution arrangement with Ageas Federal Life Insurance Company Limited in June 2025.

New Product Categories: Vakrangee entered the apparel business with its own private and white-label own-brand product offerings.

Franchisee Network Strengthening: The company onboarded Master Franchisees covering 535 Districts in 31 States/Union Territories, with a target of achieving 100% District coverage by March 2026, thus aggressively growing its Kendra network.

 

Important Corporate Developments:

Director Resignation: On July 4, 2025, the company made a disclosure regarding Mr. Shiv Narain Kaushik stepped down from his role as a Non-Executive Independent Director.

Closure of Trading Window: A notice for the closure of the trading window was published on June 26, 2025.

RBI Authorization Renewal: The Reserve Bank of India has renewed Vakrangee's White Label ATM authorization on February 12, 2025.

ESOP Allotments: The company went on allocating equity shares pursuant to its ESOP schemes, such as 3,600 equity shares in February 2025. 

"VISION 2030" Launch: The firm rolled out its ambitious "VISION 2030," aiming for an expansion to more than 3 lakh outlets and at least 15,000 ATMs. The vision is to achieve revenue of US$ 1 Billion with a Gross Transaction Value of more than US$ 150 Billion by 2030.

 

Vakrangee Share Price NSE 

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Conclusion

Vakrangee Limited remains innovative in providing last-mile solutions in India since 1990 and drives Nextgen Kendras through BFSI, e-governance, and ATM services without any debts. Q3 FY26 standalone PAT has grown by 96% to Rs.372 crore, revenues grew 2.87% to Rs.4,754 crore, and delivery of 1,462 ATMs increased 23.4% YoY, even though Vakrangee share price is Rs.6.91 on the NSE (market cap Rs.748 crore). Current Vakrangee share price ranges between Rs.4.61 and Rs.11.53. The strategic decisions such as the appointment of new CFO, Aditya Jani, and NCLT stock consolidation point towards further growth. Check stock broker charges in India to invest in this tech leader effectively.

Frequently Asked Questions

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The share market performance of Vakrangee share price depends on its business growth, financial performance, strategic alliances, and general market sentiment.

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