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Deals7 Aug 2026, 03:32 pm

Vortex Engineering Secures ₹37.79 Cr ATM Order

AI Summary

Vortex Engineering Private Limited, a subsidiary of Vakrangee Limited, has received a significant purchase order worth ₹37.79 crore from a major Public Sector Bank. The order is for the supply, installation, and maintenance of 540 ATMs and 1 KVA UPS for a period of 5 years. This repeat order strengthens Vortex's position in the banking infrastructure sector and enhances Vakrangee Group's presence in India's financial access ecosystem, particularly in rural and underbanked areas. Vortex has a strong track record, having supplied over 15,500 ATMs and holding 9 patents in ATM technology. The company also offers an advanced ATM monitoring platform, Perfo®.

Key Highlights

  • Vortex Engineering receives ₹37.79 crore order for 540 ATMs and UPS.
  • Order includes supply, installation, and 5-year maintenance contract.
  • Reinforces Vakrangee Group's role in financial inclusion and hybrid ecosystem.
  • Vortex has supplied over 15,500 ATMs and holds 9 ATM-related patents.
  • Order contributes to Vortex's growing institutional banking infrastructure portfolio.