Vakrangee Plans to Expand its ATM Network By Deploying 3000 ATM Machines in FY2025-26
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Vakrangee Limited plans to expand its ATM network by deploying 3,000 new ATM Machines in FY2025-26. As part of this expansion, the company will be setting up UPI-based ATM machines, enabling simpler and completely cardless cash withdrawals.
The company has already received over 465 new applications for setting up new ATMs, reflecting strong demand and confidence in its ATM expansion initiative.
Vakrangee currently has 6,050 White Label ATMs (as of February 28, 2025) with 76% of these outlets in Tier 4 and 6 locations. Vakrangee has acquired Vortex Engineering Private Limited, now a subsidiary, enabling backward integration, cost synergies, and advanced technology adoption. A pioneer in low-power ATMs, Vortex, incubated by IIT-Madras, holds nine patents, reinforcing its role in the “Make in India –Atma Nirbhar Bharat” initiative.
Commenting on this development, Vedant Nandwana, Managing Director of Vakrangee Limited, said, “Our focus remains on bridging the financial accessibility gap in India. By deploying over 3,000 ATMs in the upcoming fiscal year, we aim to strengthen our position as a key player in financial inclusion and the ATM industry”.
