Vakrangee Limited (VL) had partnered with TSI Yatra Private Limited to offer online assisted travel services. Vakrangee has now launched the full package of travel services on its platform and has operationalized services such as domestic / international flight bookings across its network of over 11,900+ Nextgen Vakrangee kendras. Through this, the company intends to provide digital travel services in the most remote areas of the country at the most competitive prices, as well as provide its business partners with unmatched reach in the unserved regions of the country and access to a unique and untapped clientele.
Currently we will be offering domestic / international flight bookings from our Nextgen Vakrangee Kendras. In addition, additional services such as hotel reservations as well as Travel & Holiday Tour packages are in the process of becoming operational and will be launched very soon.
This merger completes our entire range of online assisted travel services. We now offer a full package of travel services, from bus tickets and train ticket reservations to domestic / international flights. We will also be able to offer hotel reservations, personalized tourist packages and vacation trips.
Nextgen Vakrangee Kendras exclusively offers a full range of products and services in the areas of banking, insurance, ATMs, assisted e-commerce, e-governance and logistics. With 70% of its Nextgen outlets in Tier 5 and 6 cities, Vakrangee will provide its customers with flight and hotel reservation services in the most remote and hitherto unserved areas / underserved in the country.
Commenting on this partnership, Mr. Dinesh Nandwana, Group Managing Director and CEO, Vakrangee Ltd. said, âWe are happy to launch and bring air transport services to life for our customers in remote areas. With this partnership with TSI Yatra Limited, we have expanded the package of travel services available in our exclusive Nextgen Vakrangee Kendras, making them a one-stop-shop for all of our clients’ travel requirements.This combination complements our comprehensive service offering online travel assistance.
We currently offer this service from our existing physical network of Nextgen Vakrangee Kendras outlets. In addition, we will offer the service through our online digital platform, namely âBharatEasy Mobile Super Appâ to enable seamless services for the consumer from the comfort of their home. “
Commenting on this partnership, Mr. Akash Poddar, COO, TSI Yatra Pvt. Ltd said: âWe are delighted to join forces with a strong and capable partner like Vakrangee on this important journey. Our partnership will help us extend our service well beyond urban centers and into the most rural and unserved areas of the country, offering a full package of travel services. “
This merger further broadens our range of services offered to citizens via Vakrangee Kendras. Vakrangee currently has approximately 11,900 Nextgen Vakrangee Kendras spread across 27 states and UTs, over 520 districts and over 4,620 postcodes. Over 70% of these outlets are located in Tier 5 and 6 cities. Vakrangee’s planned target is to reach at least 25,000 Nextgen Vakrangee Kendras by FY 2022 and further improve it to reach 75,000 Nextgen points of sale by fiscal year 2026.
The company has teamed up with reputable partners spanning banking, ATMs, insurance, financial services, e-commerce, e-governance and logistics industries to provide its customers with the best services and products.
Shares of Vakrangee Limited were last trading in BSE at Rs. 31.55 from the previous close of Rs. 33.5. The total number of shares traded during the day was 732,764 in more than 4,895 trades.
The action hit an intraday high of Rs. 33.35 and an intraday low of 31.15. The net turnover during the day was Rs. 23,556,244.