Nextgen Vakrangee Kendra Vakrang… · · 2018-05-09This presentation (the “Presentation ......
Transcript of Nextgen Vakrangee Kendra Vakrang… · · 2018-05-09This presentation (the “Presentation ......
Franchisee Opportunity to own
World’s biggest E-mall
Nextgen Vakrangee
Kendra
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Disclaimer
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This presentation (the “Presentation”) has been prepared by Vakrangee Limited (“Vakrangee” or “VL” or the “Company”) solely for the information of interested franchisees for explaining the Vakrangee Kendra model and may not be taken away, reproduced, redistributed or passed on, directly or indirectly, to any other person (whether within or outside your organization or firm) or published in whole or in part, for any purpose. The information contained in the Presentation has not been independently verified. No representation or warranty, express or implied, is made on the accuracy, fairness or completeness of the information presented or contained in the presentation. The financial data/forward looking statements relating to expected investment, working capital, earnings and expenses given in the presentation are only indicative and shall vary based on location/ demography/ price of equipment, materials, taxes, capability of the franchisee etc. and are subject to various business/ geographical, political risks and uncertainties that may cause actual results to differ materially from those that may be inferred to or being expressed in or implied by the presentation. The activation/ availability of Services and the timelines are dependent on the availability of equipment, connectivity and various approvals/serviceability/software/connectivity/activation from Business partners and their continued relationship with the Company. The availability/ activation of none of the services and the timelines are guaranteed/promised by the Company or its representatives. The contents of this Presentation may at any time be altered/ modified/ deleted/ changed as per the sole decision of the Company, without any prior intimation or consent. Such modification in the Presentation may have a direct/ indirect impact on the operation of the Vakrangee Kendra model and / or the franchisees. The franchisees agree and acknowledge that the Company shall have the sole right/ authority to make any such modification to the content of this Presentation at its sole discretion, without having any liability/ obligation towards the franchisees in any manner whatsoever. Attendees/ Readers of this Presentation should not construe the contents of the Presentation or any prior or subsequent communication from or by the Company or its representatives as an investment proposal or legal/ financial advice and should make their own evaluation/ judgement regarding accuracy, relevancy and adequacy of the information provided throughout this Presentation and take necessary advice from their financial advisors before taking any decision based on this presentation. Neither the Company nor any of its affiliates, advisers or representatives accepts any liability whatsoever for any loss, howsoever, arising from any action or decision based on the information presented, inferred, implied or contained in this Presentation.
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Contents
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About Vakrangee
About Nextgen Vakrangee Kendra
Nextgen Vakrangee Kendra – Business Model
Nextgen Vakrangee Kendra - Selection Process, Operations and Marketing Support
About Vakrangee
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Vakrangee is a technology-driven company, focussing on creating India’s largest network of last-mile retail outlets. We have emerged as a “One Stop Shop” convenience store providing a variety of services such as Banking, Insurance, ATM, E-Governance, E-Commerce and Logistics. “Vakrangee aims to be the most trustworthy Physical as well as online convenience-store across India.”
44,000+ Kendra*
3rd Largest Franchisee Chain in the world
25+ Years
Founded in the year 1990, Vakrangee has 25+ years
of service excellence
Debt Free Company
Debt free Company with Sound Financials
About Vakrangee:
*As on 1st Jan, 2018
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Vakrangee: Strategic tie up with Indian Oil Corporation Ltd.
• Plan to set up Vakrangee Kendra in more than 20,000 IOC Retail Outlets (Filling/Gas Station) located in Pan India. (IOCL has more than 25,000+ Retail Outlets)
• Vakrangee Kendra at 500 IOCL outlets to be operational by 30th June, 2018
• As on 31st March, 2018, 250+ Kendras already set up at IOCL outlets
20,000 Vakrangee Kendras to be opened at IOCL outlets
Udaipur, Rajasthan Mumbai, Maharashtra
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Vakrangee: Backed by Globally Renowned Firms
Management Consultant Marketing Consultant
Store Branding Consultants Management Consultant
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Vakrangee: Roadmap
Marching towards Vision 2025
On course to achieve Vision 2020 (launched in the year 2015)
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Vakrangee Kendra: Our Presence
Vakrangee Kendra Presence
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Vakrangee Kendra: Our Evolution
PHASE 1 : KIRANA STORE MODEL PHASE 2 : E-MITRA MODEL
Services Offered : • E-Governance
Services Offered : • E-Governance
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Vakrangee Kendra: Our Evolution
PHASE 3 : BANKING BC POINT MODEL PHASE 4 : MULTI-SPECIALITY STORE MODEL
Services Offered : • E-Governance • Banking
Services Offered : • E-Governance • Banking • E-Commerce
• Insurance • ATM (Optional)
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Vakrangee Kendra: Our Evolution
PHASE 5 : NEXTGEN KENDRA MODEL – DIGITAL CONVENIENCE STORE
Services Offered : • E-Governance • Banking • E-Commerce
• Insurance • ATM (Mandatory) • Logistics
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Vakrangee Nextgen Kendra: Market Potential
POPULATION
121 Crores
TOTAL NO OF VILLAGES
6,54,424
RURAL KENDRA POTENTIAL
2,94,442
URBAN KENDRA POTENTIAL
75,535
TOTAL KENDRA POTENTIAL
3,69,977
Click here – Potential kendra Opportunity
About Nextgen Vakrangee Kendra
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Nextgen Vakrangee Kendra Model: Exterior (ATM Mandatory)
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Vakrangee Kendra offers a broad spectrum of services across different sectors to offer a
“One Stop Shop” solution for its customers
Banking & Financial Services
ATM (Mandatory)
Insurance
Logistics
Nextgen Vakrangee Kendra: Services Overview
E-Commerce
E-Governance
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E-Governance Railway Ticket E-Booking with IRCTC
All Type of Bill Payment Services with BBPS
Other E-Governance services wherever available
Nextgen Vakrangee Kendra: E-Governance Services
Pull based & Necessary Services – Services like Railway Ticket e-booking and bill payments services are highly popular need based services.
Creates Trust - High visibility of service, hence building trust within citizens towards the Kendra
Benefits
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Recognition by RBI as a Banking outlet (with certain conditions), hence highly reputable service to increase your goodwill in the market.
Increased Brand value due to Loan Products, creating visibility as a banker of the area
Real Time, Interoperable & Paperless Banking services – Most technologically advanced mode of Banking which provides ease of transactions to customers
High revenue opportunity: Since, the outlet is operational for extended working hours, citizens prefer banking at the outlet as per their convenience
Benefits
Nextgen Vakrangee Kendra: Banking Services
Banking Lead generation/ Documentation for Loans
Credit Cards lead generation and documentation
Social Security Schemes such as Atal Pension Yojana, Pradhan Mantri Jeevan Jyoti Yojana, Suraksha Bima Yojana
Account Opening, Cash withdrawal & Deposits, Fund and money Transfer, IMPS
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Nextgen Vakrangee Kendra: E-Commerce Services
Zero Inventory Model - No investment to maintain stocks of varied products Biggest E-Mall for Products - Wide range of products: Availability of 15 Cr+
products under Amazon Low Ticket Gold Products - Addressing the need to purchase Gold on EMI Fast moving services like mobile & DTH recharge and bus ticket booking,
which increases customer footfall
Benefits
Assisted E-Commerce
Assisted e-Services
Mobile/DTH Recharge, Reliance Jio connection
Bus Ticket booking with RedBus
Assisted e-Shopping
Over 15 crore products on Amazon
Gold jewellery and gold coin for Augmont
Mobile handsets of Reliance Jio & other brands
Pharmacy products of Netmeds
Wholesale/Bulk Sale of products to retailers (B2B) to be added
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Insurance Life Insurance
General Insurance (Motor / Vehicle / Travel etc.)
Health Insurance
Nextgen Vakrangee Kendra: Insurance Services
Huge Untapped Opportunity: Life Insurance penetration in India is less than 3% 70% of two wheelers are not insured in India, giving this service
can get good revenues for the franchisee Less than 20% people in India are covered under Health
Insurance schemes, therefore distribution of this service can be a good revenue channel for franchisee
Benefits
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ATM Financial Transaction - Cash Withdrawal
Non Financial Transactions - such as Balance enquiry, Pin change, mini statement, Fund transfer
Value added Services -Aadhar Seeding, Statement Request, Card to Card Funds Transfer, Cheque Book Request, Mobile Banking Registration
Nextgen Vakrangee Kendra: ATM Services
WLA License
Sr. No. Operating Cost Vakrangee Peers
1 Rent Expense X
2 Civil Work & Interiors
3 Internet Connectivity
4 Cash Management Charges X
5 ATM Operational Costs
6 Security Guard X
Benefits of Vakrangee ATMs Over Other Players
ATM increases the credibility of the outlet Self cash loading model ensure better availability of cash Low cost business model with excellent returns
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Logistics Courier Booking Services
Delivery Services
Reverse Logistics Services
Store Pickup Services
Nextgen Vakrangee Kendra: Logistics Services
Benefit of Courier Booking services - Additional business revenue Stream. Hassle free, no cost operations as the shipments are delivered and picked up directly from Kendra
Access to Best in Class Technology Platform - Highly innovative platform giving real-time tracking of shipment movement & activity status giving full control of operations to franchisee
Get Captive Business from reputed partners – Globally reputed partners like FedEx, Aramex, and Delhivery
Benefits
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Financial and Other Services
Lead generation for Loan Products for NBFCs – Consumer, Housing, SME Loans to be added
Distribution of Mutual Fund products to be added
Nextgen Vakrangee Kendra: Financial and other Services
Creates respect – Ability to provide access to loan products create respect and credibility to the outlet
Benefits
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Internet Connectivity
• Seamless connectivity through V-SAT or Broadband Internet
Power Supply
• Designed to operate 4 hours on battery backup in case of power failure
Security Specifications
• Defined User Policy -Authentication required for each and every user of the server; Secured and safe transactions
• Technology platform integrated with CBS of various banks, delivering real-time & interoperable banking access
• Biometric authentication enabling quick KYC and paper less banking
• integration with all partner systems across E-Commerce, E-Governance, Insurance and Logistics
• Technical Support Available - Resources at block level trained to handle day-to-day IT glitches and troubleshooting
Technology
Internet Connectivity
Vakrangee Kendra
Management System
Customer
Nextgen Vakrangee Kendra: Technology Setup
BANK SETTLEMENT ACCOUNT
VAKRANGEE WALLET ACCOUNT
ATM SETTLEMENT ACCOUNT
ACCOUNTS TO BE MAINTAINED FOR REAL TIME SETTLEMENT
BANK – CORE BANKING SERVER
ALL PARTNER SYSTEMS – E-Commerce, E-Governance, INSURANCE & LOGISTICS
Vakrangee Kendra
SERVICES PROVIDED THROUGH REAL TIME INTEGRATION WITH PARTNER SYSTEMS
Nextgen Vakrangee Kendra
Business Model
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Nextgen Vakrangee Kendra: Silver and Gold Model
Silver Kendra Gold Kendra
Franchisees can select the model based on the business potential in his/her location and his/her capacity to invest.
Gold model will allow more flexibility in operations and expansion of services whereas the Silver model will be good for less populated locations.
Minimum Area of 200 sq. ft. Two counters and ATM
Minimum Area of 300 sq. ft. Four counters, Owner Desk and ATM
1 2
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Nextgen Vakrangee Kendra: Silver Model Look and Feel
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Nextgen Vakrangee Kendra: Silver Counter and Services
Operator 1 – Banking Counter
• Lead generation/ Documentation for Loans
• Credit Cards lead generation and documentation
• Social Security Schemes such as Atal Pension Yojana, Pradhan Mantri Jeevan Jyoti Yojana, Suraksha Bima Yojana
• Account Opening, Cash withdrawal & Deposits, Fund and money Transfer, IMPS
Franchisee/ Owner – Other Services Counter
• E-Commerce services
• E-Governance services
• Insurance services
• Financial and Other services
• Logistics services
ATM
• Cash Withdrawal
• Balance enquiry, Pin change, etc.
• Value added Services -Aadhar Seeding, Statement Request, Card to Card Funds Transfer, Cheque Book Request, Mobile Banking Registration
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Nextgen Vakrangee Kendra: Gold Model Look and Feel
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Nextgen Vakrangee Kendra: Gold Model Look and Feel
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Nextgen Vakrangee Kendra: Gold Counter and Services
Operator 1 – Banking Counter
• Lead generation/ Documentation for Loans
• Credit Cards lead generation and documentation
• Social Security Schemes such as Atal Pension Yojana, Pradhan Mantri Jeevan Jyoti Yojana, Suraksha Bima Yojana
• Account Opening, Cash withdrawal & Deposits, Fund and money Transfer, IMPS
Operator 2 – Insurance and Financial Services Counter
• Insurance services
• Financial services
Operator 3 – E-Governance and Other Services Counter
• E-Governance services
• Other services
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Nextgen Vakrangee Kendra: Gold Counter and Services
ATM
• Cash Withdrawal
• Balance enquiry, Pin change, etc.
• Value added Services -Aadhar Seeding, Statement Request, Card to Card Funds Transfer, Cheque Book Request, Mobile Banking Registration
Operator 4 – E-Commerce and Logistics Services Counter
• E-Commerce services
• Logistics services
Franchisee/ Owner Desk
• Owner
• Sales
• Customer Service
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Nextgen Vakrangee Kendra: Minimum Investment required by Franchisee
Estimated Capex Requirements (Rs. in lacs) (Rs. in lacs)
Total One Time Cost to be paid to Vakrangee for outlet equipment 1.11 1.75
Estimated Civil Work, Interior and Branding Cost 2.00 3.00
Estimated Operating expense for first 6 months 0.50 2.00
Total Initial CAPEX (Rs.) 3.61 Lacs (+GST & Freight Charges)
6.75 Lacs (+GST & Freight Charges)
Estimated Working Capital Requirements (Rs. in lacs) (Rs. in lacs)
Banking Settlement A/c 2.00 3.00
ATM Settlement A/c 2.00 4.00
Wallet for other services 1.00 2.00
Total Working Capital (Rs.) 5 Lacs 9 Lacs
The capex is based on minimum expected interiors and operating costs with 200 Sq. Ft. space for Silver and 300 Sq. Ft. space for Gold Model.
The working capital requirements mentioned above is based on minimum expected business and will increase with growth in business. Please also refer to the disclaimer clause given in the presentation.
There may be some new/ additional services that could require new/ additional equipment and the costs of which will be borne by the franchisee.
Minimum Investment Required (Rs.) 8.61 Lacs (+GST & Freight Charges)
15.75 Lacs (+GST & Freight Charges)
Silver Gold
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• Laptop • Display Monitor • Single Finger Biometric
Device • Payment Device
Equipment worth over Rs. 2 Lacs (+GST)
Only for Rs.1.11 Lac (+GST)
Counter 1 Counter 2
• Laptop • Display Monitor • Single Finger Biometric
Device • Payment Device • Logistics Kit
Common Infrastructure
• Digital Signage • CCTV Camera • Branding Material
(artwork) • UPS for ATM • Multi function device • Cash counting and fake
currency detection machine
• Safe with Lock
These equipment priced over Rs. 2 lacs are sourced at a whole sale price by Vakrangee at Rs.
1.11 lac (+GST Rs. 21,600/-, Total Rs. 1,32,600/-) (Freight charges will be extra)
Nextgen Vakrangee Kendra: Silver Model
1. These rates are exclusive of applicable freight 2. Any Additional equipment added in future will be borne by the franchisee at his/her cost (wherever applicable)
Note:
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Counter 1- Banking Related Equipment
• Laptop • Display Monitor • Single Finger
Biometric Device • Payment Device
Counter 2 – E-Governance and Other
Services
• Laptop • Display Monitor • Single Finger
Biometric Device • Payment Device
Counter 3 - E-Commerce and Logistics Kit
• Laptop • Display Monitor • Single Finger
Biometric Device • Payment Device • Logistics
Kit
Common Infrastructure
• Digital Signage • CCTV Camera • Branding Material
(artwork) • UPS for ATM • Multi Function Device • Cash Counting and
Fake Currency Detection Machine
• Safe with Lock
Counter 4 - Insurance and Financial Services
• Laptop • Display Monitor • Payment Device • Single Finger
Biometric Device
These equipment priced over Rs. 3.1 lacs are sourced at wholesale price by Vakrangee at Rs.
1.75 lacs (+GST Rs. 33,500/-, Total Rs. 2,08,500/-) (Freight charges will be extra)
Nextgen Vakrangee Kendra: Gold Model
Equipment worth over Rs. 3.1 Lacs (+GST)
Only for Rs. 1.75 Lacs (+GST)
1. These rates are exclusive of applicable freight 2. Any Additional equipment added in future will be borne by the franchisee at his/her cost (wherever applicable)
Note:
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Nextgen Vakrangee Kendra: Expected Financial Earnings
* The above calculations for Silver and Gold are based on estimated working in Rural and Urban location respectively and actuals will differ based on the location, demography and capability of the franchisee. Please also refer to the disclaimer clause given in the Presentation
Expected monthly revenue from Sales of Services Amount in Rs. Amount in Rs.
E-Governance Services 5,000 13,000
Banking Services 18,000 30,000
Financial and other Services 6,000 24,000
Insurance Services 5,000 15,000
ATM Services 12,000 30,000
E-Commerce Services 12,000 30,000
Logistic Services 2,000 9,000
Total Monthly Earnings (A) 60,000 1,52,000
Expected Monthly Operating Expenses
Manpower Charges (1 Operator in Silver and 4 operators in Gold) 8,000 40,000
Rent (200 Sq. Ft. for Silver and 300 Sq. Ft. for Gold) 6,000 20,000
Office Expenses including Electricity Charges, Connectivity Charges, Insurance, Hardware Maintenance Cost and ATM managed services charges, etc.
9,000 12,000
Localized Marketing Cost 4,000 8,000
Depreciation on Capex 5,000 12,000
Total Monthly Operating Expenses (B) 32,000 92,000
Net Monthly Earning for Franchisee (A-B) 28,000 60,000
Pay Back Period on initial Capex (In Months) 13 11
Return on Capital Employed (In Percentage) 39% 45%
Silver Gold
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Nextgen Vakrangee Kendra: Success Stories: E-Commerce Services
E-Commerce assumption in expected earnings per month taken at Rs. 12,000 per month for Silver Kendra and Rs. 30,000 for Gold Kendra
Franchisee Name: Umesh Chaudhary Location: Bhiwani, Haryana Monthly Commission Earned: Rs.1,49,576
Franchisee Name: Aruna Jalgaonkar Location: Mumbai, Maharashtra Monthly Commission Earned: Rs. 37,442
Franchisee Name: Shah Sayeed Ahmad Location: Bijnor, Uttar Pradesh Monthly Commission Earned: Rs. 6,080
Assisted E-Shopping
Assisted Gold Services
Mobile/DTH Recharge
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Nextgen Vakrangee Kendra: Success Stories: Banking and ATM Services
Franchisee Name: Vipin Kumar Location: Sahranpur, Uttar Pradesh Monthly Commission Earned : Rs 1,17,198
Franchisee Name: Girish Pensalwar Location: Latur, Maharashtra Monthly Commission Earned: Rs. 1,13,830
Banking assumption in expected earnings per month taken at Rs. 18,000 per month for Silver Kendra and Rs. 30,000 per month for Gold Kendra
ATM assumption in expected earnings per month taken at Rs. 12,000 per month for Silver Kendra and Rs. 30,000 per month for Gold Kendra
Banking Services
ATM Services
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Nextgen Vakrangee Kendra: Success Stories: Logistics and Insurance Services
Franchisee Name: Jasmeet Singh Location: Lucknow, Uttar Pradesh Monthly Commission Earned: Rs. 47,157
Logistics assumption in expected earnings per month taken at Rs. 2,000 per month for Silver kendra and Rs. 9,000 per month for Gold Kendras
Franchisee Name: Ravikiran Tataji Location: Yavatmal, Maharashtra Monthly Commission Earned: Rs 32,455
Insurance assumption in expected earnings per month taken at Rs. 5,000 per month for Silver kendra and Rs. 15,000 per month for Gold Kendras
Logistics Services
Insurance Services
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ATM with Zero Capex on Custodian Basis
Zero Franchisee fees
Note - Logistic Freight Charges to be borne by Franchisee
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Own the World’s Biggest E-Mall
Nextgen Vakrangee Kendra: Unique Features & Advantages
Trust & Respect within the community
Last Mile Infrastructure and Technology Support
Attractive ROI and quick payback of Capex
Zero Franchisee Fees
Zero Inventory Model
Nextgen Vakrangee Kendra – Selection Process, Operations and Marketing Support
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Nextgen Vakrangee Kendra:
Selection Process
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Population of Gram Panchayat Number of
Kendra
0 - 5000 1
5000 - 10000 1 - 2
10000-20000 2 - 4
20000-30000 4 - 6
30000-40000 6 - 8
40000-100000 8 - 20
100000+ 1 per Ward
At least 1 Kendra in every Gram Panchayat and minimum distance of 2 km between any two Kendras in rural areas and 1 Kendra in every urban ward with minimum distance of 1 km between any two Kendras
Nextgen Vakrangee Kendra: Location selection criteria
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Minimum Education 10th Grade
Minimum Net Worth Silver Model – Rs. 10 Lacs Gold Model – Rs. 20 Lacs
Liquid Assets Silver Model – Rs. 2 Lacs Gold Model – Rs. 4 Lacs
Dedicated Motorcycle and Android Smartphone
Nextgen Vakrangee Kendra: What are we looking for in the Franchisee?
Mandatory Requirements Preferred Franchisee Criteria
Insurance Agent, Bank Manager, Store Manager, Sales/ business background
Ex- Army Officer, Administration Background
Women Entrepreneurs
Graduate, CA, MBA, any Professional Degree
Specially abled people
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Nextgen Vakrangee Kendra : Franchisee Background Checks and Essential Documentation
Each Potential Franchisee must submit the valid and updated documents for the requisite due diligence and onboarding process
Basic KYC & Aptitude Check
Police Verification
Credit Score- CIBIL Verification (if
applicable) Basic Referral Check PAN & Aadhaar Card
GST Registration
Note – There are other mandatory certifications to be completed beyond these requirements
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Nextgen Vakrangee Kendra: Mandatory Requirements to be ensured by Franchisee for both Models
Minimum Carpet Area: Silver Kendra- 200 sq ft. Gold Kendra- 300 sq.ft
Regular power connection with
sufficient power backup
Internet Connectivity with minimum 2MBPS
speed
Internet Connectivity - BSNL/MTNL/Other Players, Wired Broadband connection - Data Card/Dongle - Internet through local Cable TV Operator
OR Purchase VSAT from Vakrangee empanelled supplier with additional monthly operational cost
Outlet to be Exclusive for Vakrangee Services
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Sr. No.
Service Concerned Institute/
Certifications
Fees to be Paid by Franchisee (+ applicable taxes)
1 Banking IIBF Rs.800/- one time fee
2 IRCTC DSC Rs. 1000/- Annual fee
Nextgen Vakrangee Kendra: Mandatory Certifications and Training for Franchisee/Operator
1. For Induction as well as refresher trainings done by Vakrangee, franchisee will have to bear the cost of travel, accommodation, etc.
2. There may be some existing/ new services that could require special training/ certifications and the costs of which will be borne by the franchisee.
Note:
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Nextgen Vakrangee Kendra: Silver Site Preparation to be done by Franchisee
Civil Work and Interiors
• Civil work including flooring, wall painting, ceiling according to specifications defined by Vakrangee (Min. 200 sq. ft.)
• Electric Fitting of desired specifications with required Power (Including lighting on Main Sign Board)
Furniture and Fixtures
• 2 counters with Chair
• 2 Visitor Chairs
• Waiting Bench - 5 people
• Product Storage Unit / Racks
• Pamphlet holder
• Notice Board (Soft Board, 3ft*2ft)
• UPS Rack
• Floor Mat
• Drinking Water Dispenser
• AC/Air Cooler/Fan
• Fire Extinguisher
Other Equipment
• Gen Set/Solar/Inverter with Stabilizer for Entire Kendra
• Marketing material and fixtures as per artwork and details provided by Vakrangee in the design manual
Note – The complete design manual for the Kendra will be provided. These requirements may change as per the new services added
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Civil Work and Interiors
•Civil work including flooring, wall painting, ceiling according to specifications defined by Vakrangee (Min. 300 sq. ft.)
•Electric Fitting of desired specifications with required Power (Including lighting on Main Sign Board)
Furniture and Fixtures
•4 Counters with Chairs
•1 Franchisee/ owner desk
•5 Visitor Chairs
•Waiting Bench - 10 people
•Product Storage Unit / Racks
•Pamphlet holder
•Notice Board (Soft Board, 3ft * 2ft)
•UPS Rack
•Floor Mat
•Drinking Water Dispenser
•Air Conditioner
•Fire Extinguisher
Other Equipment
•Gen Set/Solar/Inverter with Stabilizer for Entire Kendra
•Marketing material and fixtures as per artwork and details provided by Vakrangee in the design manual
Nextgen Vakrangee Kendra: Gold Site Preparation to be done by Franchisee
Note – The complete design manual for the Kendra will be provided. These requirements may change as per the new services added
Nextgen Vakrangee Kendra
Operations and Marketing Support
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Vakrangee: Franchisee Focused Team
Block Officer
Franchisees Franchisees Franchisees Franchisees
Corporate Head Office Team
State Operations Head
State Marketing Head
Field Operations Team (Division and
District)
Field Sales Team (Division and District)
Continuous support to Franchisee to drive Operations
Continuous support to Franchisee to
drive Sales
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Nextgen Vakrangee Kendra: Operations Support
Franchisee generates Ticket through VKMS & informs Block Officer.
If issue not resolved in two days raise issue again with Division Operations Head /State Operations Head
If issue not resolved in two days raise issue again with Service Head/ Support Head in Vakrangee HQ
If issue not resolved in 7 working days raise issue again with Senior Management
Franchisee Request for Support on Any Issue is recorded in the system
through VKMS
STEP I Local Level
Most Issues Resolved within two days
otherwise Division/State teams
get involved
STEP II Division/State
Level
Support Issues escalated to
Headquarters if still unresolved
STEP III Headquarter Level
Top Management up to even CMD get involved if Franchisee Issue not resolved in 7 working
days
STEP IV CMD Level
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Nextgen Vakrangee Marketing Support: Brochures & Pamphlets
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Nextgen Vakrangee Marketing Support: Marketing Campaign at Vakrangee Kendra
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Nextgen Vakrangee Marketing Support: National Level Advertising
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Nextgen Vakrangee Marketing Support: Performance based Monthly Award Winners
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Nextgen Vakrangee Marketing Support: Rewards for best and Consistent performers
Rewards announced over last 6 Months – • More than 10 Four wheelers • More than 75 two wheelers • More than 1000 Gold Bars & Coins
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Nextgen Vakrangee Kendra: Steps and Expected Timelines
To be done by Franchisee To be done by Vakrangee *
Timeline in weeks
Note * : Logistic Freight Charges to be borne by the Franchisee Please also refer to the disclaimer clause in the presentation.
Steps Due Diligence
Timeline- 2-3 Weeks
0 1 2 3 4 5 6 7 8
1. Payment for Equipment with application
2. Selection and Due Diligence Process
3. Agreement Signing
4. VKID Generation & Welcome Mail
5. Civil, Interiors and Branding as per specifications by Vakrangee
6. Delivery of Equipment
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Nextgen Vakrangee Kendra: Service Activation Timelines
Services Quarter 1 Quarter 2 Quarter 3 Quarter 4
BFSI
Banking Services As per Availability
Financial and Other Services
ATM
Insurance (Life, General and Health)
E-Governance
IRCTC , BBPS
E-Commerce
Assisted E-Commerce- Online Shopping As Per Availability
Assisted E-Commerce- Gold
Assisted E-Commerce- Pharmacy
Mobile & DTH recharge
Bus Ticket Booking
Logistics
Logistics- Courier Booking and Delivery As Per Availability
Note: Quarter 1 begins after Delivery of Equipment. Please also refer to the disclaimer clause in the presentation.
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Account Name : VAKRANGEE LIMITED-FRANCHISEE
Address : Vakrangee Corporate House, Plot No-93, Road No.16, MIDC Marol, Andheri (E), Mumbai- 400093.
Name of Bank : HDFC Bank Ltd.
Branch Name : ANDHERI EAST - MAROL Branch, Mumbai
Branch Code : 0592
Type of Account : Current Account
IFSC Code of Bank : HDFC0000592
Virtual Account No.:
VKRNGFF+[(VKID) or (Last 8 Digits of FA Code/Application ID)] Eg. – VKID - RJ1234567 then Account Number - VKRNGFFRJ1234567 Franchisee Application Number – FA00001234567890 then Account Number – VKRNGFF34567890
Franchisee to make full payment from his own account only by transferring amount in the VIRTUAL ACCOUNT Number as mentioned below using NEFT/RTGS/IMPS from any bank or HDFC to HDFC fund transfer
Step 1
Nextgen Vakrangee Kendra: Payment Process
Silver Model - Rs. 1,32,600/- (Inclusive of GST)
Gold Model - Rs. 2,08,500/- (Inclusive of GST)
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Contact us
Interested New Franchisees can register at http://apply.vakrangeekendra.in
Interested Existing Franchisees can register
through VKMS
Thank You
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