Latest news with #VakrangeeLimited
Business Upturn
6 days ago
- Business
- Business Upturn
Vakrangee partners with Ageas Federal Life Insurance to expand life insurance access across India
By Aman Shukla Published on June 23, 2025, 15:08 IST Vakrangee Limited (IRDAI Registration Code: CA0249) has announced a strategic distribution partnership with Ageas Federal Life Insurance Company Limited , one of India's fastest-growing private life insurers. This collaboration aims to improve life insurance accessibility and drive financial inclusion across the country. Under the partnership, Vakrangee will distribute Ageas Federal's wide range of life insurance products through its extensive network of 22,986 Vakrangee Kendras. These Kendras are present across 32 States, 609 Districts, and 5,835 Postal Codes, enabling deep penetration into underserved and rural markets. This move is expected to play a critical role in addressing India's insurance protection gap while aligning with the government's vision for inclusive financial growth. Vedant Nandwana, Managing Director of Vakrangee Ltd., stated: 'We are proud to partner with Ageas Federal Life Insurance to extend life protection and financial services across India. Our extensive last-mile distribution network empowers citizens with convenient access to essential insurance products, right at their doorstep. This partnership enhances our commitment to improving the financial well-being of millions of Indians.' Ahmedabad Plane Crash Aman Shukla is a post-graduate in mass communication . A media enthusiast who has a strong hold on communication ,content writing and copy writing. Aman is currently working as journalist at
Business Upturn
28-04-2025
- Business
- Business Upturn
Vakrangee shares jump 3% as Q4 revenue rises 17% YoY to Rs 63.18 crore
Vakrangee Limited's shares saw a 3% increase after the company revealed its consolidated financial results for the quarter ending March 31, 2025. As of 10 AM, the shares were trading 3.74% higher at Rs 10.26. The company reported a revenue from operations of ₹63.18 crore for Q4 FY25, marking a 17% year-on-year increase compared to ₹53.89 crore in Q4 FY24. The company's total income for the quarter stood at ₹64.73 crore. Advertisement On the profitability front, Vakrangee achieved a net profit of ₹2.52 crore for Q4 FY25, reflecting a 15% growth from ₹2.19 crore in the same quarter of the previous fiscal year. Profit before tax (PBT) also saw an increase, rising to ₹3.69 crore, compared to ₹2.19 crore in Q4 FY24. Total expenses for the quarter amounted to ₹61.04 crore, a rise from ₹52.10 crore in Q4 FY24. Disclaimer: The information provided is for informational purposes only and should not be considered financial or investment advice. Stock market investments are subject to market risks. Always conduct your own research or consult a financial advisor before making investment decisions. Author or Business Upturn is not liable for any losses arising from the use of this information.
