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Indian Oil Corporation Limited (IOCL), India's Largest Commercial Enterprise, in Strategic Partnership With Vakrangee Limited


News provided by

Vakrangee Limited

20 Jul, 2016, 14:50 IST

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MUMBAI, July 20, 2016 /PRNewswire/ --

Official Inauguration of Vakrangee Kendra Outlet at the IOCL Fuel Station at Mumbai

Vakrangee Limited has inaugurated its Vakrangee Kendra outlet at the retail outlets (filling/gas stations) of Indian Oil Corporation Limited (IOCL) in Mumbai. Vakrangee is a technology-driven company, focussing on creating India's largest network of last-mile retail points-of-sale. It aims to potentially enable every Indian to seamlessly benefit from financial inclusion, Government programmes and from a wider access to basic goods and services.

     (Photo: http://photos.prnewswire.com/prnh/20160720/10150897-a )
     (Photo: http://photos.prnewswire.com/prnh/20160720/10150897-b )

Imagine opening a bank account at a petrol pump in flat three minutes. This has now been made possible after IOCL partnered with Vakrangee to open Vakrangee Kendras at its 25,000 petrol pump stations across the nation. With this alliance, the petrol pumps of IOCL have turned into the world's largest e-malls, offering assisted online shopping for over 35 million goods being offered at such Kendras. Citizens can also get their Aadhaar enrolment and updations at these outlets. Apart from this, Vakrangee Kendra has a wide range of insurance products to offer from life and non-life products.

With more than 1,000 services to offer, citizens can also book a two-wheeler from Mahindra and Mahindra, pay utility bills, get courier services and get mobile and DTH recharges done.

In its true sense, the brand tagline - 'Ab Sab Kuch Aasan' of Vakrangee Kendra signifies fulfilling of the objective of financial inclusion, providing Digital India services, social inclusion, employment generation and skill development.

The strategic alliance between IOCL and Vakrangee Ltd to offer non-fuel services at its petrol retailing outlets is expected to be a win-win proposition for both. The alliance will significantly increase customer offerings at IOCL's outlets by adding Vakrangee at these outlets.

The official launch was embarked at its first Kendra at Mumbai, in presence of Executive Director, IOCL Retail Sales - Mr. D.K. Sharma; Executive Director IOCL Maharashtra State - Mr. M. Srinivasan; and Managing Director and CEO, Vakrangee Ltd - Mr. Dinesh Nandwana.

URL link:  

Interview of Mr. D. K. Sharma (Indian Oil Corporation Limited) - https://www.youtube.com/watch?v=v2lZlxaKeyo

Interview of Mr. Dinesh Nandwana (Vakrangee Limited) - https://www.youtube.com/watch?v=a1p61WO6miY

Currently, Vakrangee operates more than 20,000 Kendras across west, north and central India. The objective of the company is to operate at each pincode with approximately 75,000 Kendras by 2020. Of these, Vakrangee envisages setting up 20,000-plus Kendras at IOCL's retail outlets located pan India.

Media contact:
Ammeet Sabarwal
[email protected]
+91-9819576873
CEO, Dickenson Seagull IR Solution Private Limited

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