Vakrangee Franchisee – ATM kendra franchise application process,contact number & cost.
Vakrangee Limited is a next generation technology driven company.They offer multiple services in under one roof.The multiple sectors like,ATM, BFSI ,E-commerce,logistic company etc.The company was founded in 1990.Vakrangee digital franchise offers multilevel products.Today more than 10,000+ kendras are availble and still expanding.If you are willing to start journey with largest franchise network, Vakrangee franchise could be great option.
Table of Contents
Vakrangee Franchise Benefits
- Zero Franchise Cost : Partnering with Vakrangee require no charges.It is a great opportunity those who want to start their ATM kendra franchise.
- Reputation and trust : The company main goal is to fullfill govt schemes,therefore you get respect from your community.
- Zero inventory : For starting franchise you require no investment.They have stockless model.
- Attractive ROI and quick payback.
- Free ATM for all kendras.
- You work with world’s biggest Emall.
Mandatory Requirement For Franchise
Minimum carpet area : There are three types of kendras offered by Vakrangee.Each kendra requires special area :
- Gold kendra – 300 sq.ft
- Silver kendra – 150 sq.ft
- Bronze kendra – 65 sq.ft
Internet connection: Yes,you need wifi or internet connection minimum 2 mbps speed.
Regular power connection with sufficient power back up
Outlet to be exclusive Vakrangee services
Innternet Connectivity
• BSNL/MTNL/ other players, wired broadband connection
Data card dongle • Internet through local cable TV operator.You can purchase VSAT from Vakrangee empanelled supplier with additional monthly operational cost
Vakrangee Franchisee Set up Process
STEP 1 : Request For Franchise
- Online application- Interested applicants can register at official website.
- The process is hassle-free, and it takes around 15 minutes to fill the online application form.
- Online payment – Applicants to make payment from their own bank account. •
Kindly note that cash is not accepted, and it is strictly advised not to hand it over to any company representative.
STEP 2 : Location Selection Criteria
| POPULATION | POPULATION NUMBER OF KENDRAS |
| 0-5000 | 1 |
| 5000-10,000 | 1-2 |
| 10,000-20,000 | 2-4 |
| 20,000-30,000 | 4-6 |
| 30,000-40,000 | 6-8 |
| 40,000-100,000 | 8-20 |
| 100,000 | 1 per ward |
Minimum distance of 2 km between any two kendras in rural areas and minimum distance of 1 km between any two kendras in urban areas.Selecting the right location for the outlet is important step contributes toward the growth of the kendra.
STEP 3 : Franchisee Due Diligence:
- A. Credit score – CIBIL verification
- B. Basic Referral Check
- C. Basic KYC and Aptitude Check
- D. Police Verification (Franchisee and Bank Operator)
- E. PAN Card
- F. GST Registration
Note: There are other mandatory verifications to be completed following these requirements.
STEP 4 : Agreement Signing and Onboarding Mail
A. Post the successful completion of location selection and franchisee due diligence process, we shall share the detailed commission structure for all services and offer the agreement.
B. Agreement Signing – If you accept their offer, the agreement is signed – and it is official. You are closer to opening the doors to your very own Nextgen Vakrangee Kendra.
STEP 5 : Welcome to the Vakrangee Family!
Post signing the agreement, the franchisee shall receive the onboarding mail along with the detailed design manual, which shall provide all the details related to interior design and branding of your own Nextgen Vakrangee Kendra outlet.
STEP 6 : Civil, Interiors and Branding (As per specifications)
• Detailed design manual is shared with the franchisee, which includes the store layout drawings and material details for the store interiors and civil work.
• Franchisee can seek help and guidance from their Kendra Design and Branding (KDB) team to complete the store’s interior and branding, ideally within 30 to 45 days.
• Strict adherence to design manual is required. The interior and branding of the store have to be followed as per the design manual guidelines.
STEP 7 : Civil, Interiors and Branding (As per specifications)
• Store inspection and approval – Post completion of the store interiors and branding, the store would be subject to inspection and approval process.
• Vakrangee field level team shall visit the store and inspect the store with respect to adherence of design guidelines.
• Franchisee shall also click and upload all the required pictures through their mobile app, which will be approved by the respective field manager and relationship manager.
STEP 8 : Delivery of Equipment and Training
• Delivery of equipment – Once your store is ready, verified and approved, we shall get the equipment delivered to you.
• Ideally the delivery of equipment would take 3 to 6 weeks post successful approval of the store.
• Franchisee can quickly set up the equipment and start their business.
• Service activation shall be adhered to as per the provided timelines and vertical wise training shall be provided, on on-going basis to the respective franchisee and their operators, through their field level team.
• Training material would also be made available through their proprietary technology platform VKMS portal. • Vakrangee team shall provide continuous on-going support and marketing material (artwork) required for the store awareness in your neighborhood and local community.
Read :
Vakrangee Franchise Service Activation Steps
Timeline in Weeks
| SR.NO. | STEPS | 0 | 1 | 2 | 3 | 4 | 5 | 6 | 7 | 8 | 9 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| 1 | Franchisee Marketing | ||||||||||
| 2 | Enquiry Form Submission | ||||||||||
| 3 | Application Form Submission | ||||||||||
| 4 | Payment Verification & Confirmation | ||||||||||
| 5a | Franchisee Due Diligence | ||||||||||
| 5b | Site Visit Review** | ||||||||||
| 6 | Location ID Allocation | ||||||||||
| 7 | Franchisee Agreement & Pending Documents Submission | ||||||||||
| 8 | VKID Generation | ||||||||||
| 9 | Relationship Manager Allocation | ||||||||||
| 10 | KDB Design Manual Mail | ||||||||||
| 11 | NextGen Kendra work commencement and Kendra Readiness as per KDB Design Manual | ||||||||||
| 12 | Document Verification & Agreement Signing Off |
How to apply for Vakrangee Kendra franchise
You need to visit their official website to open ATM kendra.You can see franchise tab in menu bar.Click on that and submit all required details.If you don’t find the link ,please visit : https://apply.vakrangeekendra.in/enquiry
Official Website : https://www.vakrangee.in
Office Address : Vakrangee Corporate House” Plot No. 93, Road No. 16, M.I.D.C., Marol, Andheri (East), Mumbai – 400093, Maharashtra
Phone : +91 22 2850 4028 / 3412,
+91 22 6776 5100
Hope this article will help you to get details about vakrangee kendra ATM franchise and services.Feel free to contact us.Thank you