Vakrangee receives award from ESG Risk AI

Vakrangee has received the India Leadership award for the Category "Leadership in Data Privacy and Security" from ESG Risk AI. We are glad that our efforts on Data Privacy & Security are recognized.

Vakrangee has a robust Data security program which has been designed and implemented, throughout the organization and our proprietary VKMS platform for our franchisees, in an effort to address the security and compliance requirements of data related to all our stakeholders. We have a robust privacy governance model and a Data privacy program implemented with strong senior management, business / process owners and other key stakeholders support.

Further, Vakrangee is also certified with ISO 27701 Privacy Information Management System. It is a privacy extension to ISO 27001 Information Security Management. It protects sensitive data, improves quality and reduces security risk.

Vakrangee has always been a Responsible and Socially Conscious Company. We are taking the financial and digital literacy to the bottom of the socio-economic pyramid and serving as the last-mile link to connect India's unserved and underserved rural and urban citizens by offering them the same products and services at the same time, competitive prices and same service levels. We are acting as the biggest equalizer by bridging the gap between the urban and rural population in India. We will continue our efforts towards a sustainability conscious world.

Commenting on this, Mr. Dinesh Nandwana, Managing Director & Group CEO, Vakrangee Ltd. said, "We prioritize the trust of all our stakeholders and employees, and place strong emphasis on data privacy and security. We are honored to receive this award and it is a validation and recognition of our robust and strong practices in protecting & conducting data security audits & complying with GDPR Guidelines across the organization."

Commenting on this, Mr. Sankar Chakraborti, Chairman-ESGRisk.ai and Group CEO - Acuité, said, "I congratulate Vakrangee Ltd. who has emerged as the leader in data privacy & security in ESG India Leadership Awards 2021. ESGRisk.ai's analysis indicates that the company has instituted industry leading measures and practices to manage information and safeguard sensitive and consumer data.

As part of its security efforts, Vakrangee has implemented the Mandatory Access Control (MAC), which, among other things, uses monitoring logs on a real-time basis to identify anomalies, misuses, and abnormalities as well as and makes use of advanced encryption technology and anti-skimming card reader technology. We hope that the company continues its efforts in this space and inspire others too while doing so."

Shares of Vakrangee Limited was last trading in BSE at Rs. 41.15 as compared to the previous close of Rs. 40.60. The total number of shares traded during the day was 692826 in over 2590 trades.

The stock hit an intraday high of Rs. 41.35 and intraday low of 40.20. The net turnover during the day was Rs. 28248586.00.

Source : Equity Bulls

Keywords

Vakrangee INE051B01021 VAKRANGEE SpecialtyRetail DataPrivacy Security