Vortex Engineering Secures Purchase Order from Major Public Sector Bank for 540 ATM Machines

Vortex Engineering Secures Purchase Order from Major Public Sector Bank for 540 ATM Machines​

Vortex Engineering Private Limited, a subsidiary of Vakrangee Limited, has secured a substantial purchase order (PO) from one of India's largest Public Sector Banks. The contract covers the end-to-end supply, commissioning, and maintenance services for 540 ATMs and one KVA UPS over a specified period, amounting to ₹ 37.79 crore.

The agreement marks a significant step in strengthening Vortex’s portfolio within the institutional banking infrastructure segment. This order reinforces the company's position as a reliable provider of indigenous, energy-efficient, and field-resilient ATM solutions, contributing to Vakrangee Group's broader presence in India's hybrid financial access ecosystem.

Vortex’s ATMs are designed based on the operational realities of emerging markets, emphasizing reliability, remote manageability, and innovative technology. The successful contract highlights the growing trust placed in the company by major financial institutions.

Transaction Details​

The details pertaining to the secured order have been documented as follows:

Company Operational Scope and Market Presence​

Vortex Engineering Private Limited, incubated at IIT Madras, specializes in next-generation Automated self-service terminals, cash automation solutions, and multi-vendor ATM management software. The company boasts a strong legacy built on innovation and continuous research and development.

Currently, Vortex has supplied over 15,500 ATM machines to date, maintaining an annual manufacturing capacity of 12,000 units. Reflecting its commitment to domestic innovation and the 'Make in India' initiative, the company holds 9 patents/IP related to ATMs and cash dispensers.

Beyond hardware provision, Vortex offers Perfo®, an advanced monitoring and operational intelligence platform. This cross-platform and cross-vendor compatible system allows banks to monitor ATM health, transaction performance, network status, and cash availability across various ATM estates, thereby aiding in improved uptime and efficient cash replenishment.

About Vakrangee Limited​

Vakrangee Limited has been a prominent entity since 1990, establishing itself as one of India's largest Last Mile Distribution Platforms, boasting both a physical and digital ecosystem nationwide. The company delivers real-time banking and financial services, covering ATM, insurance, e-Governance, and eCommerce services to rural, semi-urban, and urban markets, promoting financial and social inclusion for Indians.

Vakrangee serves as a 'Go To Market Platform' for Fintech and Digital platforms. Its Assisted Digital Convenience stores, known as 'Vakrangee Kendra', act as a one-stop shop for various services, while the associated digital platform is named BharatEasy Mobile Super app. Vortex Engineering, as a subsidiary of Vakrangee Limited, continues to enhance financial inclusion by providing secure and future-ready self-service solutions across domestic and international markets.

VAKRANGEE Stock Price Movement​

Today, Vakrangee Limited shares edged higher to close at ₹6.01 after posting a modest gain of 0.17%. The stock traded with a total volume of 663,946 shares during the session.