Deals1 Aug 2025, 11:05 am
Vakrangee Subsidiary, Vortex Engineering, Signs Service Level Agreement with UCO Bank for 300 New ATMs
AI Summary
Vortex Engineering, a subsidiary of Vakrangee Limited, has signed a Service Level Agreement (SLA) with UCO Bank for the supply, installation, and maintenance of 300 new ATMs. The contract is worth Rs.12.81 Crore and will last for seven years. This agreement further consolidates Vortex Engineering’s position as a premier provider of advanced ATM solutions, with a focus on financial inclusion and enhancing last-mile banking accessibility.
Key Highlights
- Vortex Engineering, a subsidiary of Vakrangee Limited, has signed a Service Level Agreement (SLA) with UCO Bank for 300 new ATMs.
- The contract is worth Rs.12.81 Crore and will last for seven years.
- Vortex Engineering is known for its technological innovation, energy efficiency, and commitment to excellence.
- The company has successfully deployed over 14,000 ATMs across diverse geographies.
- Vortex Engineering has developed 'PERFO', a remote ATM monitoring platform that is both cross-platform and cross-vendor compatible.