Vakrangee Partners with Muthoot Fincorp to Expand Loan Services; Share Gains Over 1.40%

September 2, 2025: Vakrangee Limited has announced that it has created a strategic partnership with Muthoot Fincorp Limited to offer loan products across its Vakrangee Kendra network. As a result of the announcement, Vakrangee Limited’s share price has risen by 1.43%, or 0.12 points and is currently trading at ₹8.53, as of 1:45 PM.

Vakrangee Limited is an Indian company that operates a large network of last-mile retail outlets in India, called Vankrangee Kendras. The company was established in 1990, and is headquartered in Mumbai, Maharashtra. The NSE ticker symbol of the company is VAKRANGEE, and the BSE code is 511431.

Vakrangee to Offer Property, Business, and Gold Loans Across 83% Rural Kendras

The partnership will allow Vakrangee to offer loan products such as loan against property, business loans and gold loans across its Vakrangee Kendra network. The distribution reach will mainly be in rural areas, as 83% of Vakrangee Kendras are situated in Tier 4-6 towns and villages. The customer segment will include retail, rural, SME, and corporate customers.

Vedant Nandwana Calls Strategic Tie-Up a Milestone for Rural Financial Services Delivery

Commenting on the collaboration, Vedant Nandwana, Managing Director of Vakrangee Limited, said: “This strategic tie-up marks a significant milestone in our journey to strengthen last-mile delivery of financial services. Our aim is to empower citizens, especially in rural and remote areas, by giving them access to essential loan products at their doorstep.”

Shares Up 1.43% at ₹8.53, 19.73 Lakh Shares Traded Post-Partnership

The current price of the share is ₹8.53, and the shares have traded within the range of ₹8.38 – ₹8.72 as of now. The shares have their 52-week high at ₹38.20, made on 8 January, 2025, and their 52-week low at ₹8.25, made on 7 August, 2025. Currently, the traded volume stands at 19.73 lakh shares. The P/E ratio is 121.88 and the current market cap is ₹929.38 crore.

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REF: https://nsearchives.nseindia.com/corporate/VAKRANGEE_02092025101657_VL_intimation_Partnership_with_muthoot_Fincorp_signed.pdf

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