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Vakrangee Kendra
Opportunity
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indicative or guarantees of future performance. Any forward-looking statements, projections and industry data made by
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Vakrangee Limited
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Table of Contents
Company Overview
Vakrangee Kendra
Banking Business
Company Overview
Vakrangee Limited
Indias one of the leading E-Governance player, functioning as systems integrator and end-to-end service provider
for various E-Governance projects over two decades.
Indias leading enrolment agency for UIDAI Project.
Continuously evolved over the years and moved up the value chain from being a sub-contractor to a consortium
partner to an independent bidder for various E-Governance projects leading to leadership position and higher
margins.
PAST
Sub Contractor
EVOLUTION PHASE
Partner
(Consortium Basis)
PRESENT
Prime/Leading Player
FUTURE
Technology Intensive Retail Transformation
Sector Focus: Efficient delivery of various services & products Banking, Insurance,
Sector Focus: IT / E-Governance
BUSINESS TRANSFORMATION
Financial Inclusion: Exclusive mandate (as Common BC) from banks, under RBI and MoF, for 5 + 2 years to setup &
manage bank branches in the states of Maharashtra, Rajasthan & Delhi. Expanding to 12 more states under
Pradhan Mantri Jan Dhan Yojana to target around 35,000 ultra small branches in rural areas and 15,000 decongestion branches in urban/semi urban areas.
White Label ATM: License from RBI to open a minimum 15,000 White Label ATMs over three years across India.
Decongestion Branch: Open branches to decongest bank branch operations in urban and semi-urban areas.
Vakrangee Limited
Our Businesses
E-GOVERNANCE
Systems Integrator & End-to-End
Services Provider
More than 20 years of consistent
execution experience.
Business Evolution: Sub-contractor
to Consortium Partner to Prime /
Independent Bidder.
Current Projects: (under NeGP)
UID - Unique Identification
Project
SSA - Sarva Siksha Abhiyan
PDS - Public Distribution System
RSBY -Rashtriya Swasthya Bima
Yojana
IGRS - Inspector General of
Registration & Stamps
PMS / DMS - Electoral Data
Vakrangee Limited
VAKRANGEE KENDRA
Business Correspondent (BC)
Bank Branches
VAKRANGEE KENDRA
White Label ATMs (WLA)
Received License from RBI to setup
& manage minimum 15,000 WLAs
across India over next 3 years.
Earning transaction fee from
financial & non-financial
transactions.
Other revenue generating avenues
like OOH advertisements and value
added services.
As on 01.04.15 (BSE)
28.3%
21.6%
18.0%
18.2%
108.05
503.48
25.0%
19,581
15,524
13,578
Series1
Series2
1
38.77%
4
50.75%
3
7.31%
1.00
154.00 93.75
Series3
Vakrangee Limited
54,401.3
27.7%
2
3.17%
Certifications
Vakrangee Limited
88
Vakrangee Limited
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11
Vakrangee Kendra:
Scope of Services
Insurance
Banking Business
Correspondent
Services
Account Opening
Cash Withdrawal
Cash Deposit
Fund Transfer
LIC
NIA
Pension
eCommerce Services
eGovernance Services
UID Enrollment
UID Updation
Utility Bill Payments
Other Govmt.
Services
Vakrangee Limited
Mobile Recharge
DTH Top-up
eCommerce Portals
ATM Services
Financial
Transactions
Non-Financial
Transactions
12
Vakrangee Limited
13
Vakrangee Limited
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eGovernance - Government to
Customer Services
Aadhar Enrolment
Direct Benefit Transfer
Electricity Bill Payment
Birth/Death/Caste/Land Record Certificate
Pension
Child Scholarship etc
From time to time more eGovernance services will be added under Vakrangee Kendra.
All such services are subject to prior approval of respective Governments.
Vakrangee Limited
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Vakrangee Limited
Paperless
All
transactions
are securely
authenticated
through
Aadhaar
Real Time
Interoperable
Banking
Customers
connected
directly
through
micro-ATM to
Banks CBS
At a
Vakrangee BC
outlet of an
integrated
bank,
customers of
multiple
banks can be
served
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Secure Aadhaar
Based Authentication
Biometric
Banking
(AEPS)
Inter
Operable
Banking
Instant
Electronic
Account
Opening (e-KYC)
Vakrangee Limited
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Vakrangee Limited
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19
Associated Banks
1.
2.
Allahabad Bank
3.
Bank of Maharashtra
9.
(BOM)
4.
5.
6.
7.
Vakrangee Limited
8.
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Insurance
Vakrangee Limited
is a corporate
agent for LIC and
NIA providing
Insurance services
across India.
Vakrangee Limited
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eCommerce Services
eCommerce Services Mobile Recharge
New Mobile Connection
DTH Recharge
Vakrangee Limited
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Vakrangee Limited
2,825
1,854
1,660
1,278 1,186
634
Maintain rural (Tier III to VI) to urban (Tier I & II) ratio
of 2:1 (incl. minimum of 10% to be set up in Tier V & VI)
599
375
112
10
Co-located WLA annexed to urban Vakrangee Kendra to exploit revenue and cost synergies.
AEPS / Biometric authentication to provide flexibility of accessing ATM either through fingerprint or bank card.
Co-located urban branch will help in building the account / card base, thus improving the viability of WLA.
Derive revenue from financial (Rs 15) & non financial (Rs 5) transactions, OOH advertisements and value added
services.
Vakrangee Limited
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Vakrangee Kendra
Vakrangee Limited
Cash Deposit
Cash Remittance
A/C to A/C
Remittance
Other eGovernance
& eCommerce
Activities
In India, ATMs
are currently
permitted by RBI
to only allow
cash withdrawals
and A/C balance
enquiries
25
Regulatory Clearances
Vakrangee Limited
Vakrangee Limited
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Vakrangee Kendra
Vakrangee Limited
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Vakrangee Kendra
Vakrangee Limited
29
Vakrangee Kendra
Urban Kendra
Vakrangee Limited
Rural Kendra
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Vakrangee Kendra
Visit of GM UBI, Mr. RP Mishra at Vakrangee Kendra Dakachaya, Indore
Vakrangee Limited
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Vakrangee Kendra
Mr. Arun Tiwari, CMD (UBI)
inaugurating Vakrangee Mart
Outlet in Varanasi
Vakrangee Limited
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Vakrangee Kendra
Shri GS Sandhu, inaugurating
Vakrangee Mart Outlet in Jaipur
Rajasthan
Vakrangee Limited
Inauguration of Bhamahsah in
Udaipur, Rajasthan by Honble
Chief Minister of Rajasthan
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Vakrangee Kendra
Visit of Union Bank of India, ED at Nashik Outlet
Vakrangee Limited
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Vakrangee Kendra
Vakrangee UID Center at Jayapura (Varanasi)
Adarsh Gram adopted by Honble Prime Minister
Vakrangee Limited
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Vakrangee Kendra
Inauguration Ceremony of 101 outlets of BUPGB in Sultanpur District-UP
Training Camp
Vakrangee Limited
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Vakrangee Kendra
Vakrangee Limited
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Vakrangee Limited
Vakrangee Kendra
Infrastructure Setup
Banking Kit
Laptop
Biometric Device(with Thermal
Printer and Pin Pad)
VPN/VSAT
Printer
Aadhaar Kit
IRIS Scanner
Web camera
Monitor Display
Fingerprint Scanner
ATM Kit
ATM Hardware
Statutory Display
Infrastructure
Surveillance
UPS
Fire Extinguisher
AC
Vakrangee Limited
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eCommerce
Partner
Systems
Bank FI Servers
Cash Withdrawal/
Deposit Slip
eGovernance
Partner
Systems
V-SAT
Vakrangee
Kendra
Customer
PTS
Signature
Note:
PTS Pass Through Server
CBS Core Banking Solution
V-SAT Very Small Aperture Terminal
Technology
Technology platform integrated with CBS of
various banks, delivering real-time &
interoperable banking access.
Biometric authentication enabling quick KYC
and paper less banking.
Backend integration with various
eGovernance and eCommerce partner
systems.
Technical resources at district level trained
to handle day-to-day IT glitches and
troubleshooting.
Vakrangee Limited
Vakrangee
Kendra
Biometric
Authentication
Vakrangee
Transaction
Module
Internet Connectivity
Seamless connectivity
Designed to operate 4 hours on battery backup in case of power failure
Power Supply
UPS or Diesel / gas based DG Sets to be placed at each outlet
Security Specifications
Defined User Policy -Authentication required for each and every user of the
server; Secured and safe transactions
SSL Certification, licenses digital certificate
Quarterly security audit including vulnerability and penetration testing
Information security audit by link bank before go-live certificate
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Vakrangee Limited
Vakrangee Kendra:
Well Established Last Mile Infrastructure
Corporate
PMO
Head Quarters
State PMO
State Office
Vakrangee
Franchisee
Vakrangee Limited
Division Office 1
Division Office 2
Division Office N
District Office 1
District Office 2
District Office N
Block Office 1
Block Office 2
Block Office N
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1 to 2
Month
15 Days
Outlet Setup
Franchisee
Agreement
0 Days
Franchisee
Identification
Vakrangee Limited
+ Franchisee
Training
Banking
Setup
Go Stable
Certificate
+ Go Live
Certificate
+ eCommerce
Live
43
Vakrangee Kendra:
Franchisee On-Boarding Process
1-3 MONTHS
Vakrangee On-boarding
Campaigning to generate
awareness and invite
applications by
circulating leaflets at
gram panchayats, banks,
haats etc..
Scrutinizing the
applications received
Conduct online written
test (if required) &
interview
Verify KYC documents of
Franchisee & Sign
Franchisee Agreement
with Franchisee
Franchisee On-boarding
Dedicated Settlement
Account opening with
the Link branch
Submission of KYC
documents along with
account number details
to Alliance Partners like
Banks, Business Partners
and Government, etc..
CIBIL and Police
Verification
BC Code generation and
Device ID generation
3-4 MONTHS
Go Live
Deployment of IT
infrastructure like
hardware, software,
ATM Machine and
VSAT/VPN
Commissioning of non IT
infrastructure like
generator, furniture and
fixtures
Training and Capacity
Building by Vakrangee
and Alliance Partners
Go Steady
The retail outlet attains
the operational
stability
The retail outlet
achieves a target of
opening 1,000 bank
a/c, 10,000 E top-ups,
sale of 100 Insurance
policies
Go Steady Certificate
Transaction / Enrolment
testing of the IT system
Opening of eCommerce
Wallet Account
Go Live Certificate
Vakrangee Limited
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Vakrangee Limited
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Franchisee
E-KYC
Aadhaar Number
Finger print
Bank Server
KYC Documents
Vakrangee Limited
Bank Branch
46
Upload
KYC Documents
Bank Server
KYC Documents
Finger print
Note:
1) BCA has to verify the id proofs
correctly before filling KYC form
2) While capturing fingerprint and
photo, BCA has to make sure that
the photos and finger print are
captured correctly else repeat the
process
Vakrangee Limited
Capture Photo
Approve
Bank Manager
Bank Branch
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Vakrangee Kendra:
Risk-Free Banking
REAL-TIME SETTLEMENT WITHOUT ANY RECONCILIATION ERROR RISK AND CASH MISAPPROPRIATION RISK
The Vakrangee Kendra Franchisee is required to maintain a current settlement account with the parent bank, holding
certain minimum balance.
This current settlement account of Franchisee is used for real-time settlement of the cash withdrawal/deposit
transactions.
Customers
Savings A/C
Franchisee
Settlement A/C
Franchisee
Cash in Hand
Initial
A/C Balance
Rs 50,000
Rs 2,00,000
Rs 50,000
Cash Deposit
Rs 20,000
Credit
Rs 20,000
Debit
Rs 20,000
+ Rs 20,000
Cash
Withdrawal
Rs 10,000
Debit
Rs 10,000
Credit
Rs 10,000
- Rs 10,000
Final
A/C Balance
Rs 60,000
Rs 1,90,000
Rs 60,000
Vakrangee Limited
Customer
X
Withdraw
Amount
Franchisee
Withdraw
or Deposit?
(+ve) X
Amount
Franchisee
Settlement A/C
Receipt
Finger print
(-ve) X
Amount
Customer
Account
Vakrangee Limited
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Customer
X
Deposit
Amount
Franchisee
Withdraw
or Deposit?
(-ve) X
Amount
Franchisee
Settlement A/C
Receipt
Finger print
(+ve) X
Amount
Customer
Account
Vakrangee Limited
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eCommerce Process
Customer
X
Topup
Amount
Franchisee
eTopup/
DTH
Recharge?
(-ve) X Commission
Amount
Franchisee
Vakrangee
Wallet
Receipt
(+ve) X Commission
Amount
Service
Provider
Vakrangee Limited
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Site Preferences
To ensure business viability, site should be strategically selected to be able to
cater to a large population:
Key Considerations would involve:
o Population: For ATM the population of the village/town should be preferably more
than 10,000. Slightly less than 10000 can be considered if all other factors are
favorable
o Suitable Catchment Area: Suitable location is the KEY to long term viability of
business E.g. Located in the main market/ near bus stops/ village center etc.
o Number of Account holders with Debit Cards: The number of people with bank
accounts in the area is the main driver of transaction income. Target should be to
ensure people around the outlet all have accounts with debit cards
o Footfalls: Outlet should have regular and high volume of customers passing by
o Lower Competition: Preferably new ATMs should be deployed in areas with high
banking population but not enough ATMs currently deployed
Vakrangee Limited
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Site Compliances
Documents and Permission Required From Landlord/Society For Bank
Outlets Or ATM (wherever applicable)
1. N.O.C. from society/landlord to run Bank outlet and ATM
2. Building stability certificate or Audit Report approved by Local
Municipal Body
3. Occupancy certificate from Local Municipal Body
4. Permission for fixing and fitting V-Sat on roof from landlord/society
5. Approved building map from Local Municipal Body where shop is
located
6. N.O.C. from society/landlord for renovation or partition in the shop
7. Agreement copy of Landlord between Builders/Society
Vakrangee Limited
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Site Compliances
Documents And Permission Required From Local Municipal Body
(wherever applicable)
1. Permission for renovation or partition
2. N.O.C. for fire / pollution and others as per bylaws of Local Municipal
Body
3. Police verification from Area Police Station
4. Shop and Establishment License
5. N.O.C. to run outlet and ATM from Local Municipal Body (if required)
Vakrangee Limited
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Vakrangee Limited
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Thank You