| The Company was incorporated with Registrar of Companies, Maharashtra, Bombay on 28th May 1990 as a private limited company under the name and style of "VAKRANGEE INVESTMENT AND CONSULTANCY PRIVATE LIMITED". It was converted into Public Limited Company and the name of the Company was
changed to "VAKRANGEE INVESTMENT LIMITED" on 3rd April 1992, and to "VAKRANGEE LIMITED" ON 31st March, 1995.
The Company came out with public issue of 18,00,000 Equity shares of Rs. 10/- each in February, 1994.
The Company was initially engaged in Consultancy in Share Transfer and Bill Discount activities. The company was granted registration as MERCHANT BANKERS (Category IV) in May, 1993 and REGISTRAR AND TRANSFER AGENT (Category I) in November, 1993. The Company got contract for preparation of Voters Identity Card for Bombay, 3 distt. in Gujarat and 8 Distt. in Rajasthan and Company involved in developing of
Software and Advertisement and Marketing.
PRESENT BUSINESS OF THE COMPANY
The present business of the Company is grouped as follows:-
1. Fund Based Activities
a. Preparation of Voters Identity Cards
b. Merchant Exports
c. Providing short term finance, loans & advances
d. Investment in and dealing with securities
e. Leasing
2. Non-Fund based Activities
a. Merchant Banking Services
* Issue Advisory Services
* Issue placement and Marketing
b. Consultancy Services
* Project Evaluation
* Capital Structuring/Restructuring
* Investment Consultancy
* Syndication of Term Loan, Working Capital,
Leasing & Bill discounting, Bought-Out deals
c. Sub brokerage
* Primary Market
* Secondary Market
d. Software
* Software development
e. Advertisement & Marketing
* Advertisement Agency
The Company commenced merchant banking activities in April, 93 as Corporate Advisor and provided all types of consultancy services. Subsequently in May, 1993 it was granted Registration as MERCHANT BANKER (CATEGORY IV) and further in November, 1993 it was granted Registration as REGISTRAR TO AN ISSUE & TRANSFER AGENTS (Category I). The Company has handled four issues as Advisors to an Issues and has 9 mandates in hand. Similarly, the Company has handled 28 nos. of public/right issue as Registrar and has 15 mandates in hand and in 20 issues, it has continued to be Transfer Agent.
The Company's client base includes:
i. Amitabh Bachchan Corporation Limited
ii. Akai Impex Limited
iii. Alfavision Securities & Finance Ltd.
iv. Chambal Breweries & Distilleries Limited.
v. Harmony Capital Services Limited
vi. Beta Naphthol Limited
vii. Beta Securities Limited
viii. Bhageria Dye Chem Limited
ix. Supreme Holdings Limited
x. Shikhar Consultants Limited
xi. Kosian Finance Limited
xii. Overseas Capital Limited
xiii. Kotawala Securities Limited
xiv. Beryl Drugs Limited
xv. Om Metals & Minerals Limited
xvi. GBK Exports Limited
xvii. Santosh Fine-Fab Limited
xviii. Akhil Holdings Ltd.
Software division has been established with the object to provide turn-key solutions to the customers by in house team. A patented state of art software solution has been developed to prepare Identity cards which is fully automatic and unique. The Company was successful in getting the order for preparation of Voter Identity Cards in Bombay
Gujarat and Rajasthan worth Rs. 1300 lacs approx Software division is now working on graphic based software in designing diamond Jewellery, textile and Thumb impression Banking Software etc. Advertising Division was Setup to cater the needs of such client companies which were coming
out with public issues so that most of their needs can be satisfied under one roof. The division is specialised in financials Advertisement and product promotion activities.
The Company is engaged in Merchant Exports. The Company has already exported fool products worth Rs. 250 lacs in 95-96. The main item of Merchant Export is Soyabean.
Leasing, Bill-discounting, Investment business and other non-fund based activities are at its full wing with qualified team of professionals in different areas.
2000 - The Bombay Stock Exchange has suspended trading in the shares of
Vakrangee Software, over the dispute about the ownership of a
block of 1.5 lakh Vakrangee shares, constituting aboutn 2 per
cent of its equity capital.
2001 - The Company has launched www.bloodbankinfoline.com, a blood bank
portal-cum-comprehensive medical guide.
2002-Vivek Chandel resigns from Directorship of Vakrangee Softwares.
2005
--Vakrangee Softwares secures order for Digitisation Services of ROC in JV with Godrej & Boyce
2006
--Registered Office of the Company has been shifted from B/7, Hind Saurashtra Industrial Estate, M.V. Road, Marol Naka, Andheri (East), Mumbai - 400 059 to Plot No.66/A, Marol Co-op. Industrial Estate, Off. M.V. Road, Marol, Andheri (East), Mumbai - 400 059
2009
- Vakrangee Softwares Ltd has informed that Mr. Avneesh Prakash is appointed as a Chief Operating Officer (COO) of the Company with effect from July 09, 2009.
2010
-Vakrangee Softwares has recommended dividend of Rs. 1.50 per share
-Vakrangee Softwares started a Proof of Concept in KON for UID
2011
-Vakrangee Softwares has bagged UID Linked Haryana PDS Project
-Vakrangee Softwares has bagged U.I.D. Enrollment Project from Union Bank of India
-Vakrangee achieves landmark of 1 Crore UID enrollment under UID project
2012
- Vakrangee Softwares Announced generation of 1 Crore AADHAAR
-Mr. Pradeep Kumar is appointed as Chief Executive Officer - Government Business of the Company
-Vakrangee bagged Rajasthan CSC Project
-Vakrangee Softwares achieves CMMI Level 3 certification
- Vakrangee Softwares has given the Bonus in the Ratio of 1:1
-Company has splits its Face value of Shares from Rs 10 to Re 1
2013
- Vakrangee Software ltd - Allotment of Equity Shares upon conversion of Options issued under ESOP Scheme.
- Vakrangee Softwares Ltd has informed regarding Press note for In-principle authorization to the Company for setting up White Labeled ATMs (WLAs).
- Vakrangee Soft - Vakrangee Softwares Ranks Number One in the Aadhaar Enrollment Project.
- Vakrangee Soft - Acquisition of additional 4.53% stake by the Promoters of Vakrangee.
- Vakrangee Softwares jumps over 5% on promoter stake buy.
- The name of the Company has been changed from Vakrangee Softwares Limited to Vakrangee Limited and also the trading symbol of the Company be changed from VAKRANSOFT to VAKRANGEE.
2014
- Vakrangee Ltd engaged in providing e-governance solutions, it has received final authorization of the White Label ATM (WLA) License from Reserve Bank of India (RBI).
- Union Bank of India appoints Vakrangee as Corporate Business Correspondent PAN India.
- Allahabad Bank appoints Vakrangee as National Business correspondent PAN India.
2015
-Vakrangee ties up with Amazon India for Vakrangee Kendras
-Vakrangee enters into strategic pact with MYPACOO
-Vakrangee Strategic Alliance with Ricoh India Ltd.
-Appointment as National Business Correspondence PAN India for Bank of Baroda
2016
-Vakraneee announces strategic tie-up with Mahindra eMarket Limited
-Vakrangee announces Corporate Agency Tie Up With Tata AIG General Insurance Company Limited
-Vakrangee ties-up with IOC to set-up Vakrangee Kendra
-Vakrangee ties up with Indian Oil Corporation
-Vakrangee retail outlet crosses 20,000 mark
-Vakrangee ties up with Bajaj Allianz
-Vakrangee - Vakrangee announces strategic tie-up with Aramex India Private Limited
2017
- Vakrangee - Vakrangee Limited now becomes Long Term Debt Free Company
- Vakrangee partners UBI to launch Mobile Aadhaar Van Service
- Vakrangee ties-up with Aditya Birla Group’s insurance JV
2018
-Vakrangee ties up with Netmeds Marketplace.
-Vakrangee launches travel & visa assistance services.
-Vakrangee - Alliance With Blue Dart Express Limited For Courier And Logistics Services..
-Vakrangee launches domestic money transfer at its Nextgen outlets.
2019
-Vakrangee partners with Lendingkart Finance Ltd. - 27th May 2019.
-Vakrangee partners with ZEE5 - 22nd May 2019.
-Vakrangee Announces Alliance with Dish TV India Limited - 7th May 2019.
-Vakrangee awarded Financial Services retailer of the year - 2nd May 2019.
2020
-Vakrangee announces alliance with vHealth by Aetna - 11th February, 2020.
-Vakrangee Leads Financial Inclusion Initiative in Rural India - 28th January, 2020.
-RBI Renews the authorization issued to Vakrangee for White Label ATMs - 18th March, 2020.
-Vakrangee partners with UBI to Facilitate Easy Loan Facility for Nextgen Vakrangee Kendra Franchisees.
2021
-Vakrangee Limited included in S&P Global Sustainability Yearbook 2021.
-Intimation for New partnership with TransUnion CIBIL.
-Vakrangee and NSDL Payments Bank Join Hands to offer Digital Banking.
-Vakrangee launches Comprehensive Covid care Package.
-Vakrangee enters the Online Space with the Launch of Digital Services.
2022
-Vakrangee has entered into a Seller Agreement with Decathlon Sports India to offer a complete range of sports equipment's and products.
-Vakrangee partners with Protean eGov Technologies.
-Vakrangee has entered into binding term sheet with private equity investor Aaviskaar Capital to acquire 48.5% equity stake in Vortex Engineering.
|