Vakrangee partners with Muthoot Fincorp Ltd to offer loan products across its network

Vakrangee Limited is pleased to announce its partnership with Muthoot Fincorp Limited, a prominent player in the lending industry, to offer a comprehensive suite of loan products through its extensive network of Vakrangee Kendras across the country.

This collaboration will enable Vakrangee to facilitate access to Loan Against Property, Unsecured Business Loans, and Gold Loans through its vast network of Vakrangee Kendras, primarily located in unserved and underserved rural and semi-urban areas. These loan offerings will cater to Retail, Rural, SME, and Corporate customer segments, supporting financial empowerment and inclusive growth.

Commenting on this partnership, Mr. Vedant Nandwana, Managing Director, Vakrangee Limited, said that: "We are delighted to partner with Muthoot Fincorp Limited, a trusted name in the lending sector. This strategic tie-up marks a significant milestone in our journey to strengthen last-mile delivery of financial services across the country. Through this partnership, we aim to provide access to loan products for millions of citizens, especially those residing in remote and rural areas who have traditionally been underserved by formal financial institutions.

At Vakrangee, we are committed to empowering every Indian with access to essential services at their doorstep. Our extensive Vakrangee Kendra network, with over 83% of outlets located in Tier 4 to Tier 6 regions, uniquely positions us to bridge the financial accessibility gap and foster financial resilience at the grassroots level. This collaboration aligns perfectly with our core philosophy of financial inclusion, social empowerment, and nation-building."

Vakrangee Kendras are exclusive branded format outlets offering a wide range of services, including banking, insurance, A™, assisted e-commerce, e-governance, and healthcare. With this partnership, Vakrangee continues its journey towards becoming the most trustworthy physical as well as online convenience store across India, advancing its brand philosophy-"Ab Poori Duniya Pados Mein."

Shares of Vakrangee Limited was last trading in BSE at Rs. 8.40 as compared to the previous close of Rs. 8.39. The total number of shares traded during the day was 505412 in over 1128 trades.

The stock hit an intraday high of Rs. 8.59 and intraday low of 8.37. The net turnover during the day was Rs. 4274434.00.

Source : Equity Bulls

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Vakrangee INE051B01021 Partnership MuthootFincorp