Targetting 11-12% profit margin;17-18% EBITDA by FY20: Vakrangee

Vakrangee has 26,188 outlets that are providing services like insurance, banking, logistics, e-commerce and e-governance. Since demonetisation last month, e-governance and banking facilities have seen a jump, said Ammeet Sabarwal, President – Investor Relations at Vakrangee. The company is banking correspondent to 31 banks. For every new bank account, the company gets Rs 20 as commission. Vakrangee is targeting 30,000 centers in FY7. It has also guided for 17-18 percent EBITDA margin for FY20 and profit margin of 11-12 percent. Watch video for more..