- Award recognises Nextgen Vakrangee Kendras' growth & customer satisfaction in 
2018-19

Vakrangee Ltd. today announced that it has been awarded as the best 'Financial 
Services Retailer of the Year' at the recently concluded Indian Retail Awards 
2019 on April 30, 2019 in New Delhi in a glittering ceremony before a room full 
of the leading names in Indian and world retailing. This award recognises 
company's Nextgen Vakrangee Kendras' growth and customer satisfaction in 
2018-19.

The objective of the Indian Retail Awards is to recognize the retailers who are 
closing the gap between operational reality and consumer expectations with 
great retailing practices. These practices include amongst others, promoting 
and motivating last mile distribution and delivery in retail and highlight new 
innovation and leadership in Indian retail world. These reputable and most 
respected awards in the retail world are hosted by Franchise India Holdings 
Limited, which is Asia's largest integrated franchise solution company since 
1999, and publishers of The Franchising World Magazine, India's most 
comprehensive end-to-end business and franchise magazine and the Retailer 
Magazine, the first retail opportunity magazine in the country which 
essentially focuses on Indian and International retailing whilst providing a 
consumer perspective.

Commenting on receiving the 'Financial Services Retailer of the Year' award, 
Anil Khanna, Managing Director & Group CEO, Vakrangee Ltd., said, "We are proud 
and honoured to receive this prestigious award. We believe this award is a 
ratification of our Nextgen Vakrangee Kendra business model. While this award 
recognises our excellence in Financial Services, these Nextgen outlets offer a 
comprehensive range of products and services across banking, insurance, ATM, 
assisted e-Commerce (online shopping), e-Governance, Financial services and 
Logistics."

Vakrangee currently has 3,504 Nextgen Vakrangee Kendra's spread across 20 
states, 340+ districts and 2,000+ postal codes. More than 70% outlets are from 
tier 5 and tier 6 cities. Vakrangee's planned target is to reach at least 
25,000 by FY2019-20, 45,000 Nextgen outlets by FY2020-21 & 75,000 by FY2021-22.

Photographs of Award Ceremony: https://vakrangee.in/gallery4.php?id=157 

About Vakrangee Limited (BSE Code: 511431) (NSE Code: VAKRANGEE)

Incorporated in 1990, Vakrangee is the unique technology driven company focused 
on building India's largest network of last-mile retail outlets to deliver 
real-time services & products to the unserved rural, semi-urban and urban 
markets. The Assisted Digital Convenience stores are called as 'Vakrangee 
Kendra' which acts as the 'One-stop shop'.

Media Contact: 
Ammeet Sabarwal 
Chief Corporate Communications & Strategy Officer 
ammeets@vakrangee.in 
www.vakrangee.in 

Source: Vakrangee Limited