Vakrangee Limited announced that its subsidiary, Vortex Engineering Private Limited, has received a substantial purchase order from a leading Indian Public Sector Bank. The order, valued at ₹37.79 crore, includes the supply, installation, and maintenance of 540 ATMs and 1 KVA UPS for a period of 5 years. This win underscores Vortex’s growing capabilities in institutional banking infrastructure and Vakrangee’s expanding presence in the financial access ecosystem.
Vortex Engineering Secures Major ATM Contract
Vakrangee Limited has disclosed a significant development concerning its subsidiary, Vortex Engineering Private Limited. Vortex Engineering has been awarded a substantial purchase order (PO) by one of India’s largest Public Sector Banks. This order is for the comprehensive supply, installation, and subsequent maintenance of 540 ATMs and 1 KVA UPS systems. The contract is set for a duration of 5 years, marking a key expansion of Vortex’s institutional banking infrastructure portfolio.
Contract Value and Strategic Importance
The total value of this significant purchase order amounts to ₹37.79 crore. This order reinforces Vortex Engineering’s position as a trusted provider of indigenous, energy-efficient, and field-resilient ATM solutions. It also strengthens the broader Vakrangee Group’s strategy in developing India’s hybrid financial access ecosystem, particularly in serving rural, semi-urban, and underbanked markets. Vortex has a proven track record, having supplied over 15,500 ATM machines to date and possessing an annual manufacturing capacity of 12,000 units.
Vortex’s Technological Capabilities
Vortex Engineering’s ATM platform is designed with the realities of emerging markets in mind, focusing on innovative ATMs, reliability, and remote manageability. Beyond hardware, Vortex offers Perfo®, an advanced ATM monitoring and operational intelligence platform that is compatible across different vendors. This platform enables banks to efficiently monitor ATM health, transaction performance, and cash availability, thereby improving uptime and supporting optimized cash replenishment.
About Vakrangee Limited
Established in 1990, Vakrangee Limited is a prominent player in India’s Last Mile Distribution Platform. The company operates a comprehensive Physical as well as Digital Eco-system across PAN INDIA. Vakrangee delivers a wide range of services including real-time banking & Financial Services, ATMs, insurance, e-Governance, and e-Commerce services to unserved rural, semi-urban, and urban markets. It aims to enable Indians to benefit from financial, social, and digital inclusion.
About Vortex Engineering Private Limited
Vortex Engineering Private Limited, a subsidiary of Vakrangee Limited, specializes in next-generation Automated self-service terminals, cash automation solutions, and multi-vendor ATM management software. Incubated at IIT Madras, Vortex has a strong legacy of innovation, developing energy-efficient and intelligent ATM technologies that offer high reliability, superior performance, and a compelling total cost of ownership. The company’s product portfolio includes ATMs based on Android, Linux, and Windows operating systems, as well as through-the-wall ATMs, mini ATMs, self-service kiosks, and advanced ATM monitoring solutions.
Source: BSE
