Vakrangee Limited’s wholly owned subsidiary, Vortex Engineering Private Limited, has signed a major Service Level Agreement (SLA) with UCO Bank for the supply, installation, and maintenance of 300 new ATM machines across India. Valued at ₹12.81 crore, the seven-year contract strengthens Vortex’s position as a key player in the country’s ATM and banking technology ecosystem.
Under the agreement, Vortex will deliver end-to-end ATM solutions, reinforcing its track record as a trusted provider of energy-efficient, technologically advanced, and cost-effective ATM infrastructure. With a focus on enhancing last-mile banking accessibility and financial inclusion, the company continues to drive meaningful digital transformation in the public sector banking space.
Vortex, a proud Swadeshi enterprise, is deeply aligned with the Government of India’s “Make in India” and “Atma Nirbhar Bharat” missions. All its ATMs are designed, developed, and manufactured domestically, contributing to local innovation, employment generation, and technological self-reliance.
The company has already deployed over 14,000 ATMs across diverse regions in India and boasts an annual production capacity of 12,000 units. Backed by nine registered patents in ATM and cash dispenser technologies, Vortex stands out for its engineering innovation and focus on indigenous R&D.
In addition to its hardware capabilities, Vortex has developed a proprietary remote ATM monitoring platform called PERFO. This next-generation software is cross-platform and cross-vendor compatible, enabling real-time oversight, predictive maintenance, and efficient fleet management. PERFO enhances operational uptime and ensures consistent performance across various banking networks.
