Incorporated in 1990, Vakrangee is a technology-driven company centered around building last-mile retail outlets to deliver BFSI and other services to the unserved and underserved rural, semi-urban, and urban population of the country. The company’s assisted digital convenience stores, called “Next-Gen Vakrangee Kendras”, act as one-stop solutions for multiple products and services. It operates on an asset-light, franchisee-based business model to cater to the needs of its stakeholders.
- Vakrangee Ltd reported Total revenue for Q4 FY23 of ₹51 Crore, up from ₹48 Crore year on year depicting a growth of 6%.
- Total Expenses for Q4 FY23 of ₹46 Crore up, from ₹42 Crore year on year, a growth of 10%.
- Consolidated Net Profit of ₹0.68 Crore, down 70% from ₹2.26 Crore in the same quarter of the previous year.
- The Earnings per Share is ₹0.01, down 50% from ₹0.02 in the same quarter of the previous year.