Vakrangee launches PAN Card services in association with Protean

Vakrangee Limited (Vakrangee) has partnered with Protean eGov Technologies Limited (formerly NSDL e-Governance Infrastructure Limited) to offer PAN card related services. Vakrangee will work as a PAN Service Agency (PSA) of Protean eGov Technologies Limited.

This partnership will enable Vakrangee to accept PAN card applications in paperless mode through its 19,230+ Vakrangee Kendras and BharatEasy Super App across the country. These Nextgen Vakrangee Kendras exclusively offer a comprehensive range of products and services across banking, insurance, ATM, assisted e-Commerce, e-Governance and logistics. Protean (formerly NSDL e-Gov) accepts & processes Permanent Account Number (PAN) applications on behalf of Income Tax Department (ITD), Government of India and is the market leader in the segment (Source - CRISIL report).

Under this partnership, Vakrangee through its BharatEasy Super App and Nextgen Kendras will now be able to facilitate their customers in remote areas of the country with paperless PAN applications. With 80% of Nextgen Vakrangee Kendra outlets in Tier-4 and 6 towns, Vakrangee will also be able to further expand the coverage of PAN services across the country at remote locations.

Mr. Suresh Sethi, MD and CEO, Protean eGov Technologies Limited (Formerly NSDL eGovernance Infrastructure Limited), said, "Over the course of the last 25 years, Protean has played a pioneering role in laying out the e-governance infrastructure for the nation & providing citizen centric services at population scale. Access and inclusion lie at the heart of any e-governance initiative. Towards that we have adopted and established a "Phygital" (Physical+Digital) model to ensure a truly inclusive service delivery paradigm. Adopting a multi channel approach, we have created online platforms for self-service, while also establishing a pan India network of centres to provide assisted services to the digitally excluded. We currently have a pan-India network of over 1.2 lakh centres, which includes over 36,000 PAN facilitation centres. We are delighted to partner with Vakrangee to further extend our reach through their extensive network and make PAN card services more accessible to the citizens of India. It is our constant endeavour to use the power of our products, platforms, services and networks to provide impactful digital technology solutions that promote ease of living."

Commenting on this partnership, Mr. Dinesh Nandwana, Managing Director & Group CEO, Vakrangee Ltd. said, "We are happy and proud that Protean eGov Technologies Limited (formerly NSDL e-Governance Infrastructure Limited) chose to partner with us for its PAN card services. With this partnership, we continue to expand the bouquet of services available at our exclusive Nextgen Vakrangee Kendras and the BharatEasy Super App. These Nextgen outlets have evolved into an exclusive digital convenience store model providing access to multi line of products and services. We further empower our franchisee family to complement their bouquet of offerings to their customers at Nextgen Vakrangee Kendras.

He added, "Our franchisees in remote areas of the country can now enhance their services by offering PAN card services too. We will continue to add more products and services and tie-up with leading business partners to offer our customers a one-stop solution to all their banking, insurance, ATM, financial services, assisted e-Commerce, e-Governance and logistics. Vakrangee provides these partners with the unmatched reach in remote areas where these brands find the cost of operations too high. 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 Poori Duniya Pados Mein'."

Vakrangee currently has ~19,230+ Vakrangee Kendras spread across 33 States & UTs, 560+ districts and 5,430+ postal codes. More than 80% of these outlets are in Tier 4 and 6 towns. Vakrangee's planned target is to reach at least 25,000 Vakrangee Kendras by FY2022 and further enhance it to reach 75,000 Nextgen outlets by FY2026.

The Company has tied up with reputed partners spread across Banking, ATM, Insurance, Financial services, e-Commerce, e-Governance and Logistics verticals to offer its customers best-in-class services and products.

Source : Equity Bulls

Keywords

Vakrangee PANCardServices Protean