Vakrangee awarded ‘Financial Services Retailer of the year’

Vakrangee Ltd has 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. This award recognises the 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 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.

Anil Khanna, Managing Director & Group CEO, Vakrangee Ltd, said, “We are proud and honoured to receive this prestigious award. We believe this award is ratification of our Nextgen Vakrangee Kendra business model. While this award recognises our excellence in Financial Services, these Nextgen outlets also offer a comprehensive range of products and services across banking, insurance, ATM, assisted e-Commerce (online shopping), e-Governance, Financial services and Logistics. We thank the extended Vakrangee family including our employees, business and our Franchisee partners to making this distinguished recognition a reality.”

“Since our inception of our Vakrangee Kendra business in 2011, the Vakrangee Kendra has evolved from being a non-exclusive store to exclusive Nextgen Vakrangee Kendras. These Nextgen outlets have evolved into an exclusive digital convenience store model providing access to multi-line of products and services. We have currently3,504 Nextgen outlets in 20 states across the country. Our plan is to take this number to 3,00,000 Nextgen Vakrangee Kendras across the country by March 2025 in a planned and phased manner. We are aspiring to be the most trustworthy physical as well as online convenience store across India, positively moving towards Vakrangee Kendra’s new brand philosophy of ‘AB PooriDuniyaPados Mein’,” he added.