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Franchisee Opportunity Become a Franchisee Owner
Opportunity to Own World’s Biggest E-Mall 1
2
Table of Reference
Company Overview & Our Vision 4
Our 2020 Targets 6
Our Expansion Plan 7
Current Rollout Status 10
IOC – Strategic Tie Up 11
Vakrangee Kendra – Business Overview 14
Model Outlet look and Feel 29
Promotional Rewards, Marketing & Advertising Support 32
Franchisee Model for New Kendra (IOCL) 38
Service Wise Top-5 Performers – Case Studies 44
Action Plan 53
2
Company Overview
3
4
Company Overview : About Us
• We are a Technology-driven company, focussing on creating India’s largest network of last-mile retail Outlets.
• Today we have emerged as 4th Largest Franchisee network Globally.
• First three are 7 Eleven – 55,000+ outlets, Subway – 42,000+ outlets & McDonalds – 36,000+ outlets)
• Current Market Capitalization – Rs. 22,755 crore (as on 30th June 2017) (~US$ 3.5 BILLION)
• Our Strategy is to leverage our vast network of retail outlets to deliver real-time Banking, ATM, Insurance Services, E-Governance Services (G2C), e-Commerce Services (B2C) & Logistics Services to the unserved and underserved rural, semi-urban and urban markets.
• Our aim is to potentially enable every Indian to seamlessly benefit from Financial Inclusion, Social Inclusion, Digital India, Skill Development, Employment, Government programmes and a wider access to basic goods and services.
Our Vision :
“Vakrangee aims to be the most trustworthy Physical as well as Online convenience-store across India. We promise to give every Indian, their rightful access to a wide range of products and
services, that are fairly priced and of high quality. We will keep expanding this network, until we are in close proximity to the last excluded person within the country”
5
Company Overview : Awards & Certifications
Awards and Accolades Certifications
• Selected in the Top 50 BSE 500 Companies by Growth in M-Cap - Forbes India 2017
• MSCI ESG Research Inc. has scored Vakrangee 10 out of 10 for the research conducted for the assessment of performance across the three pillars i.e. environmental, social and governance.
• MSCI Research has ranked Vakrangee globally No.1 in “Access to Finance to Citizens in Underserved Markets” .
• Vakrangee has been features in 11 Indian companies, up from an all-time low of eight last year by Forbes Asia’s Best Under a Billion list for 2015
• ET-500 Companies for 2013 as published by ET
• Nominated (top 5) for the best CEO (IT & ITes) by Business Today in January 2014
• 26th in the Deloitte Technology Fast 50 companies in India, 2012
• 18th in the Deloitte Technology Fast 50 companies in India, 2011
• 226th rank in Deloitte Fastest 500 growing Asia Pacific companies in 2011
• CA. Business Leader - SME (3rd Rank) of the Year Award, 2008 to the Chairman by Institute of Chartered Accountants of India
• Economic Times ET 500 best companies in India in 2006-07
6
Company Overview : Our 2020 Targets
50,000 Rural 25,000 Urban
7
Company Overview : Our Expansion Plan
FY2016 FY2017 FY2018 FY2019 FY2020 Executed Till
Date – March 2017
Rural Kendras
15,000 25,000 35,000 45,000 50,000 25,131
Urban Kendras
5,000 10,000 15,000 20,000 25,000 10,075
Total 20,000 35,000 50,000 65,000 75,000 35,206
Achieved the Full Year Targets for FY2017. Set to rollout the Expansion Plan for FY2017-18.
Well on Track to deliver and achieve on the Planned Expansion Plan
8
Company Overview: Well Established Last Mile Infrastructure – More than 1800+ Employees
Vakrangee requires minimal additional human resources for incremental setup of Vakrangee Kendras through franchise route
Head Quarters
State Office
District Office 1 District Office 2 District Office N
SSA Level Office 2 Franchisee 2
SSA Level Office 1 Franchisee 1
SSA Level Office N Franchisee N
Corporate PMO
State PMO
Franchisee
Vakrangee
Independent Project Management Consultant
Block Office N Block Office 1 Block Office 2
Division Office 1 Division Office 2 Division Office N
Current Rollout Status
9
10
Vakrangee Kendra: Rollout Status as on March 31, 2017
15,670
25,131
FY2015-16 FY2016-17
60.4%
5,006
10,075
FY2015-16 FY2016-17
101.3%
RURAL BRANCHES
URBAN BRANCHES
States Rural Branches Urban Branches Total
Rajasthan 10058 3014 13072
Uttar Pradesh 6648 3374 10022
Maharashtra 6848 2303 9151
Madhya Pradesh 565 317 882
Gujarat 210 225 435
Bihar 314 88 402
Haryana 89 212 301
Punjab 71 210 281
Jharkhand 123 57 180
Odisha 70 56 126
Delhi 1 116 117
Chhattisgarh 46 23 69
Uttarakhand 36 31 67
Goa 31 20 51
Himachal Pradesh 15 12 27
Chandigarh 1 13 14
Karnataka 5 3 8
Dadar & Nagar Haveli 0 1 1
Total 25131 10075 35206
11
Vakrangee Kendra: Strategic tie up with INDIAN OIL CORPORATION LIMITED for Pan India
• Strategic tie-up with Indian Oil Corporation Limited (IOC), India's largest commercial enterprise for setting up Vakrangee Kendra at its retail outlets (distribution network).
• To set up Vakrangee Kendra in more than 20,000 IOC Retail Outlets (Filling/Gas Station) located in Pan India. (IOCL has more than 25,000+ Retail Fuel Outlets)
• Tie up to drastically increase the customer touch points at the Vakrangee Kendra and ensure a boost in its core objective i.e. Financial Inclusion, Digital Inclusion, Social Inclusion, Employment Generation and Skill Development.
12
Vakrangee Kendra: LAUNCH OF VAKRANGEE KENDRA AT INDIAN OIL CORPORATION • Vakrangee Kendra shall be set up in all IOC Filling/Gas station located across India.
• 200+ Vakrangee Kendra outlets are operational in the state of Maharashtra, Rajasthan, Uttar
Pradesh, Gujarat, Madhya Pradesh, Orissa, Jharkhand, Chhattisgarh and Delhi NCR
Photograph of Vakrangee Kendra at IOC Filling / Gas Station
Lucknow, Uttar Pradesh Mumbai, Maharashtra
Vakrangee Kendra – Business Overview
13
14
Being one of the company with the vast presence in urban, semi-urban and rural India and tangibly delivering last mile goods and services, we own a compelling and shared vision to be the catalyst for the change. With the vast experience and vigorous approach, our strategic priority is to be the enabler for shared prosperity. Vakrangee Kendra serves all three sectors of the society
Served
Unserved
Underserved
Eq
ualiz
er
Scope of Services Target Sectors
E-Commerce
E-Governa
nce
Banking
ATM
Insurance
Logistics
Vakrangee Kendra : Services Overview – What we do
14
15
Vakrangee Kendra: Scope of Services
Technology Intensive Retail Distribution Platform for last mile touch points delivering services across
Banking & ATM, Insurance, e-Governance, e-Commerce and Logistic services to domains on a real-time basis to potential 250 mn customers across underserved rural and urban India
• Bank A/C Opening • Cash Deposits,
Withdrawals, Money Transfer.
• Fixed/ Recurring Deposits.
• Balance Enquiry, Statement of Accounts
• Disbursement of money under Direct Benefit Transfer
BANKING
• Corporate agency tie-up for Life , General and Health Insurance.
• Micro Insurance schemes under Atal Pension Yojna, Jeevan Jyoti Bima Yojna & Pradhan Mantri Suraksha Bima Yojna.
INSURANCE
• Alliance with IRCTC for offering railway E-Ticket booking
• Alliance with BBPS (Bharat Bill Payment Services) for all types of Bill payments
• GST Services – Registration & Filing
• Enrolments-UID Card, NREGA job Card, Election Card
• Land Record Digitization, Electoral Rolls
• Other G2C services based on state to state
E-GOVERNANCE
• Telecom - Mobile recharge • DTH service - Recharge, bill
payments • Assisted E-Commerce Model
– • Alliance with Amazon to
facilitate sale of products. • Alliance with Augmont for
Sales of Gold Products • Alliance with Reliance Jio for
issuance of sim connection • Alliance with Redbus for
offering bus ticketing services. • Alliance with “Mahindra
eMarket Limited”, a subsidiary of M&M, for promoting and booking automobile products
E-COMMERCE
• Alliance with FedEx Express, Aramex India, Delhivery and First Flight Couriers Limited for courier and logistics services (Forward Delivery as well as Reverse Pick Up services)
LOGISTICS
• Lead generation for Loan Products – Consumer, Housing, SME Loans
• Mutual Fund distribution
FINANCIAL SERVICES
• Real time cash withdrawals from all banks through WLA (White Label ATM).
• Co-located ATM in urban/semi-urban branches to cater to holistic banking needs of customers while optimizing cost of operations.
ATM
VAKRNAGEE VITT VAKRANGEE NAGRIK VAKRANGEE BAZAAR
16
Vakrangee Kendra: Key Business Alliances – Strong Reputed Partners
INSURANCE
E-COMMERCE
BANKING
E-GOVERNANCE
LOGISTICS
17
Internet Connectivity
• Seamless connectivity through V-SAT or Broadband Internet • Designed to operate 4 hours on battery backup in case of power failure
Power Supply
• UPS
Security Specifications
• Defined User Policy -Authentication required for each and every user of the server; Secured and safe transactions
• Quarterly security audit including vulnerability and penetration testing • Information security audit by link bank before go-live certificate
• Technology platform integrated with CBS of various banks, delivering real-time & interoperable banking access.
• Biometric authentication enabling quick KYC and paper less banking.
• integration with all partner systems across E-Commerce, E-Governance, Insurance and Logistics.
• Technical Support Available - Resources at district level trained to handle day-to-day IT glitches and troubleshooting.
Technology
Internet Connectivity
PASS THROUGH
SERVER
Customer
Vakrangee Kendra Technology Setup
BANK SETTLEMENT ACCOUNT
VAKRANGEE WALLET ACCOUNT
ATM WALLET ACCOUNT
WALLETS TO BE MAINTAINED FOR REAL TIME SETTLEMENT
BANK – CORE BANKING SERVER
ALL PARTNER SYSTEMS – E-COMMERCE, E-GOVERNANCE, INSURANCE & LOGISTICS
Vakrangee Kendra
SERVICES PROVIDED THROUGH REAL TIME INTEGRATION WITH PARTNER SYSTEMS
18
Banking Account Opening
Cash Withdrawal
Cash Deposit
Money Transfer / Fund Transfer
Micro ATM for RuPay Card
Recognition by RBI as an branch to the bank, hence highly
reputable service to increase your goodwill in the market.
Real Time, Interoperable & Paperless Banking services –
Easiest Mode of Finger print banking for unserved & underserved
people.
High revenue opportunity: Due to large amount of unbanked
population there is a huge scope of delivering banking service to the
citizens
Banking business increases customer footfall which is beneficial for
cross selling other services
Benefits
Banking : Key Services
19
ATM: Opportunity
• Low Penetration = Huge opportunity for WLAs
• As on Oct 2016, India had ~ 230,000 ATMs. It is expected to cross 350,000 ATMs by 2017 in India.
• RBI WLA license to Vakrangee –
• Set up 15,000 WLA by March 2019
• Maintain rural (Tier III to VI) to urban (Tier I & II) ratio of 2:1 (incl. minimum of 10% to be set up in Tier V & VI)
2,825
2,048 1,854
1,660
1,278 1,186
634 599 375
112
SouthKorea
Canada Portugal Australia Japan Brazil Turkey SouthAfrica
China India
ATM per Mn Population
Benefits of Vakrangee WLAs Over Other Players
Sr. No. Operating Cost Vakrangee Peers
1 Rent Expense
2 Civil Work & Interiors
3 Internet Connectivity
4 Cash Management Charges
5 ATM Operational Costs
6 Security Guard
COMPETITIVE ADVANTAGES URBAN BRANCH + ATM MODEL
COST SYNERGIES
• No requirement of security guard as the ATM is located inside the urban BC branch
• Sharing of Civil Work, VSAT, Rent and Electricity expenses.
20
ATM :Cash Sourcing From Retail Outlets By Franchisee – Daily Cash Uploading
Confirm amount to be obtained from
Retail outlet for loading in ATM and
transfer amount to his/her bank
account
Generate acknowledgement slip
from your VKMS login ID for
Respective Retail Outlet
As per the ATM fit currency obtained,
Fill Acknowledgement slip & take
Retail Outlet representative’s sign
Visit retail outlet to collect cash
Ensure cash is ATM fit & genuine
Run the currency through Currency
Counting and Fake currency
detection machine
Upload Cash in ATM under
supervision of BE / DE. Submit Cash
loading report on VKMS along with
details of source of cash
Amount dispensed from ATM will be
transferred by Vakrangee to
Franchisee’s bank account the
next day
Franchisee’s
Responsibility
Vakrangee’s
Responsibility
21
ATM Financial Transaction - Cash Withdrawal
Non Financial Transaction – Balance enquiry, Pin change, etc.
ATM: Key Services
Increasing the credibility of the outlet: ATM adds to the
credibility of the business model & also attracting high footfall.
Low to No Maintenance : Sharing of Civil Work, VSAT, Rent and
Electricity expenses. Also No manpower is required to operate this
service.
Significant savings as there is NO CRA charges - Due to Retail
Outlet Model (RO model)
Low risk business model with Quick payback period
Benefits
22
E-Commerce Assisted e-Commerce with Amazon India (If Available)
Mobile/DTH Recharge
Two wheeler booking with Mahindra eMarket Limited
Bus Ticket booking with RedBus
Gold jewellery and gold coin purchase with Augmont
Reliance Jio devices and connection
E-Commerce: Key Services
Zero Inventory Model - No investment to maintain stocks of varied
products
Biggest E-Mall for Products - Wide range of products: Availability
of 10 Cr+ products under Amazon
Low Ticket Gold Products - Addressing the need to purchase
Gold on EMI
Fast moving services like mobile & DTH recharge and bus ticket
booking, which increases customer footfall
Benefits
23
Insurance Life Insurance
General Insurance (Motor / Vehicle Insurance)
Health Insurance
Insurance: Key Services
There is immense potential to bring employed citizens & citizens from
unorganized sector in rural under the ambit of Pension Schemes. The idea
of APY scheme is to provide a definite pension to all Indians
Huge Untapped Opportunity:
70% of two wheelers are not insured in India, giving this service can
get good revenues for the franchisee
Less than 20% people in India are covered under Health Insurance
schemes, therefore distribution of this service can be a good
revenue channel for franchisee
Low Risk: Risk is underwritten by insurance provider
Benefits
24
Logistics Front-end Point for Courier Booking Services
Last Mile Delivery Services
Last Mile Reverse Logistics Services
Logistics: Key Services
Benefit of Courier Booking services - Additional business revenue
Stream. Hassle free, no cost operations as the shipments are delivered
and picked up directly from Kendra
Access to Best in Class Technology Platform - Highly innovative
platform giving real-time tracking of shipment movement & activity status
giving full control of operations to franchisee
Get Captive Business from reputed partners – Globally reputed
partners like Fedex, Aramex, Delhivery and other.
Benefits
25
E-Governance IRCTC – Railway Ticket E-Booking
GST – Registration & Filing Services
BBPS – All Type of Bill Payment Services
Aadhaar Enrolment / Update (As per Government Regulations)
PVC Card Printing
Other E-Governance services wherever available
E-Governance: Key Services
Pull based & Necessary Services – Services like GST registration /
Filing, Railway Ticket e-booking and Aadhaar serices are highly popular
need based services.
Creates Trust - High visibility of service, hence building trust within
citizens towards the Kendra
Benefits
26
Potential New Key Services to be Added
Potential New Services to be available
Tie up with NBFCs – Loan Lead generation for Consumer, Housing and SME loan products
B2B E-Commerce - Wholesale/Bulk Purchase of products
Tie up with Mutual Fund Companies – Distribution of Mutual Fund products
VISA support services – Visa support services
27
Own the World’s Biggest e-Mall
Zero Inventory Model – Stockless Model
Trust & Respect within the community
Access to more than 100 million products and 1000+ services under one roof - Access to various Licences / Empanelment's such as UIDAI, Banking, Insurance, E-Commerce & Logistics
There is no requirement of holding an inventory. Therefore, it is a 'Stockless Model'
In line with the PM’s vision of financial inclusion, digital inclusion, social inclusion, skill development, and employment generation
Fastest Return on Investment
Vakrangee Kendra business model has evolved to give the fastest ROI in the retail and service industry
Unique Vakrangee Model – Salient Features & Advantages
Last Mile Infrastructure and Technology Support
Organisation Structure enables to provide local support till the last mile ensuring smooth and seamless delivery of the services.
Model Outlet Look and Feel
28
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Model Outlet Look and Feel
30
Inside Vakrangee Kendra
31
Vakrangee Kendra - Outlet Look and Feel
Promotional Rewards, Marketing & Advertising Support
32
33
Performance Rewards : Monthly Reward Schemes for the Best as well as Consistent performers
Rewards announced over last 6 Months – • More than 10 Four wheelers • More than 75 two wheelers • More than 1000 Gold Bars & Coins
34
Performance based Monthly Award Winners
35
Marketing Support - Vakrangee Print Campaign
36
Marketing Campaign at Vakrangee Kendra
37
Marketing Campaign – National Level Advertising Support
Franchisee Model for
New Vakrangee Kendra IOCL
38
39
Sr. No. Service Certification Fees to be Paid by Dealer
1 E-Governance NSE IT UIDAI Rs.365/- (inclusive of all taxes)
2 Banking IIBF Rs.800/- (exclusive of all taxes)
3 Training Expenses to be incurred by Franchisee
Selection procedure and Mandatory Certification / Training Requirement
Sr No. Selection Procedure
1 Basic KYC & Aptitude Check
2 Police Verification
3 Credit Check (CIBIL Check)
4 Referral Check
5 GST Registration
6 PAN / AADHAAR Card
40
New Franchisee Vakrangee Kendra – IOCL One time Cost is approx. 8 Lacs
Note: These rates are exclusive of applicable Freight and Taxes
Sl. No. Vakrangee Kendra Requirements Delivery Items / Remarks
1 Banking Vertical Laptop with Adaptor, Pin Pad Device + Single Bio-metric
Finger Print Device & Currency Counting Machine
ATM Machine Supply of ATM Machine on Custodian basis
Connectivity for ATM Sofos (if required), 1KVA UPS with 42 Ah Batteries
2 E-Commerce and Insurance Vertical Laptop with adaptor & LCD Monitor, Digital Signage (TV-LFD)
3 Logistics Vertical Logistics Kit Includes Weighing Machine,
T-Shirt, Biker Pouch and Bag & Barcode scanner.
4 E-Governance Vertical - UID Kit
Kit Includes Slap Biometric Scanner, Iris Scanner, Web
Camera, Laptop/Desktop, Printer
For Aadhaar (Enrolment/Update)
E-Governance Vertical - PVC Card Printer PVC Card Printing
5 Single Finger Bio-Metric Device (2 Devices) E-KYC Facility
6 Branding (does not include interiors and Civil work) Kendra Branding as per Vakrangee specifications
Total Goods worth approx. Rs. 8,00,000 /-
41
BEST PRICE Rs. 8 Lakhs Rs. 4.5 LAKHS + Taxes Only
+ ATM FREE (Custodian Basis)
New Franchisee Vakrangee Kendra – IOCL
Offer Valid only Upto 15th August 2017
Tax Details – For Rs. 4,50,000 option – Total Tax Payable : Rs. 96,651 Freight Charges as actual to be paid
Pay In three simple steps • Step 1 : Rs. 2 Lakh on Signing Agreement • Step 2 : Rs. 1.50 Lakh within 10 days • Step 3 : Rs. 1 Lakh on completion of
branding
42
Mandatory Requirement – After making the Payment, the Payment details need to be Updated on the below Link within next 3 working days else the Payment shall be transferred to Suspense Account
Important - Payment made in the last 6 months also need to be updated by 21st July 2017
Click on the Following Link for Payment Update : (If VKID Generated) https://goo.gl/HKFTvH
Click on the Following Link for Payment Update : (If VKID not yet Generated) https://goo.gl/r37Gcr
Payment Process & Details for New Franchisee
Vakrangee Account Details :
Name : Vakrangee Limited Address : Vakrangee House, Plot no-66, Marol Co- Op Indl Estate, M.V. Road , Marol Naka , Andheri (E), Mumbia- 400059
Name of Bank : HDFC Bank Ltd Branch Address : Unit no.1,Town Centre,Andheri Kurla Rd., Near Kobe Sizzlers,Andheri (E),Mumbai-400059
IFSC CODE of Bank : HDFC0000592 Branch Code : 0592
Type of Account : Current Account no : 05922320000242
43
Targeted Financial Earnings for IOCL Franchisee
Particular (Amount in INR) Monthly Earning
Sales & Services under Vakrangee Kendra
E-Governance Services (IRCTC Railway e-booking, GST Services, BBPS, Aadhaar Update & PVC Card Printing)* 15,000
Banking Services (Bank A/c Opening, Cash Handling-Deposit & Withdrawal, Remittance/Fund Transfer) 30,000
Insurance (Life, General and Health) 12,500
ATM (Financial & Non Financial Transaction) 25,000
E-Commerce
• DTH & Mobile Recharges & Bus Ticketing 2,500
• E Commerce / Amazon 50,000
• Assisted E-Commerce (Goods) 10,000
Logistic Services 5,000
Gross Earning for Franchisee (A) 1,50,000
Less: Operating Expenses
Operator Salary ( 3 Employees / Operators) 30,000
Manager Salary (1 store manager) 20,000
Rent (Mini.200 Sq. Feet to 500 Sq. Ft. Recommended) 25,000
Office Expenses including Electricity Charges, Connectivity Charges, Insurance & Hardware Maintenance Cost 15,000
Localized Marketing Cost 10,000
Total of Operating Cost (B) 1,00,000
Net Earning for Franchisee per Month (A-B) 50,000
Pay Back Period (In Months) 9-12
Return on Capital Employed (In Percentage) 35% +
Note * - Depending upon whichever services available in that Location
Success Stories : Service wise Performers Case Studies
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Success story : E-Governance – AADHAAR Enrollment Case Study
Service – E-Governance Transactions VK ID : RJ3311032 Franchisee Name : Vinod Jain Location : Udaipur Sarda, Rajasthan
Commission Earned during the Month : Rs. 1,48,824 Aadhaar Enrollment : 6,201
46
Success story : E-Governance – AADHAAR Update & PVC Case Study
Service – E-Governance Transactions VK ID : RJ2303036 Franchisee Name : Hemlata Khandelwal Location : Kota Lalpura, Rajasthan
Commission Earned during the Month : Rs. 51,032 Aadhaar Update & PVC Card Transactions : 2,571
47
Success story : Amazon Assisted E-Commerce Services Case Study
Service – Amazon Assisted E-Commerce Services VK ID : RJ3205013 Franchisee Name : Abhishek Jain Location : Tonk, Rajasthan
Earnings during the Month : Rs. 1,92,072 Insurance Policies Sourced : 1,141
48
Success story : Banking Case Study
Service – Banking Transactions VK ID : UP3712049 Franchisee Name : Anand Kumar Dixit Location : Jaunpur, Uttar Pradesh
Commission Earned during the Month : Rs. 89,250 Account Opened : 68 Cash Handling Done : Rs. 2,35,35,548
49
Success story : ATM Services Case Study
Service : ATM - Financial / Non Financial Transactions VK ID : MH2305039 Franchisee Name : Sarojini Subhash Katakdound Location : Osmanabad, Maharashtra
Commission Earned during the Month : Rs.63,557 Financial Transactions Done : 6,047 Non Financial Transactions Done : 1,029
50
Success story : Logistics – Courier Booking Services Case Study
Service – Courier Booking VK ID : UP4809021 Franchisee Name : Jasmeet Singh Location : Lucknow, Uttar Pradesh
Commission Earned during the Month : Rs. 10,266 Courier Bookings Done : 869
51
Success story : Logistics – Last Mile Delivery Services Case Study
Service – Last Mile Delivery Services VK ID : MH2810029 Franchisee Name : Bharatkumar Vasantrao Patil Location : Sangli, Maharashtra
Commission Earned during the Month : Rs. 27,929 Courier Bookings Done : 1,833
52
Success story : Insurance Case Study
Service – Insurance Services VK ID : UP4809021 Franchisee Name : Jasmeet Singh Location : Lucknow, Uttar Pradesh
Earnings during the Month : Rs. 44,808 Insurance Policies Sourced : 94
Action plan
53
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Action Plan : Setting Up of new Franchisees
IOCL Retail Outlet KSK Outlet
Wallet : Rs. 2 Lacs Wallet : Rs. 1 Lacs
Banking (settlement account) – Rs. 5 Lacs Banking (settlement account) – Rs. 2 Lacs
ATM – Rs. 5 Lacs ATM – Rs. 1 Lacs
EXCLUSIVITY & MINIMUM WORKING CAPITAL
INVESTMEMT
ACHIEVE SERVICE ACTIVATION TARGETS ON
CONSISTENT BASIS
In order for any Potential Franchisee to own a Vakrangee Kendra , he/she should agree with the following 3 conditions:
• Franchisee should only provide Vakrangee services through the Kendra
• Franchisee should be ready to invest the required Minimum Working Capital for smooth functioning of services
• Franchisee to ensure activation of all Mandatory services in the Kendra on consistent basis
• Franchisee should be ready to achieve the targets decided by the management
• Franchisee to pay the Discounted Set up cost for all Hardware, New Branding and ATM Machine (on custodian basis)
PAYMENT OF DISCOUNTED SET UP COST–
LIMITED PERIOD OFFER
CONTACT THE NEAREST BC OR DC FOR
ON-BOARDING PROCESS
• If the Potential Franchisee is in agreement with the above terms and conditions, then feel free to contact the nearest Vakrangee BC/DC Officer.
• Initial Set-Up support and Training Support would be provided by the Vakrangee Team.
Thank You
55