PR83969

MUMBAI, India, May 8, 2020 / PRNewswire=KYODO JBN/ --

- Globally Ranked 14th out of the 12,076 companies (Global Universe)

- Globally Ranked 1st out of 668 Companies in Software & Services (Industry

Group)

In recognition of its superior Environmental, Social and Governance models,

Vakrangee Limited (VL) announces that it has globally ranked No.1 in the

Sustainalytics ESG Risk rating rankings out of the 668 companies assessed in

the Software and Services industry across worldwide. Sustainalytics mentions

that the company's overall management of material ESG issues is strong.

Rating Overview - The company is at negligible risk of experiencing

material financial impacts from ESG factors, due to its low exposure and strong

management of material ESG issues.

Sustainalytics is a global leader in Environment, Social and governance

(ESG) ratings. ESG ratings coverage launched with 9,000 companies and has now

expanded to cover 12,000 companies.

Regarding the Data Privacy & Security, Vakrangee has received 100/100

score, depicting strong and robust Data Privacy and Data Security Policies in

place. In the Environment field, Vakrangee has received an Industry Leader

score, proven by the company's strong policies on Green Procurement, GHG

Reduction program, leveraging technology to implement Go Green Initiatives such

as Paperless Banking, Biometric enabled evaluation and Paperless ATM.

Commenting on this, Mr Dinesh Nandwana, Managing Director & Group CEO,

Vakrangee Ltd. said, "We are honoured and excited to receive this rating from

Sustainalytics. At Vakrangee, we have always attempted to be a Responsible and

Socially Conscious company. This rating is a validation of our belief and

commitment to our Business model of Nextgen Vakrangee Kendras. Our Business

strategy has been mapped with the sustainability initiatives along with the

United Nation's Sustainable Development Goals."

Please Click :

https://vakrangee.in/pdf/Analyst_Coverage/Vakrangee%20Ltd%20-%20Sustainalytics%20ESG%20Risk%20Rating%20Summary%20Report.pdf

About Vakrangee Limited (BSE Code: 511431; NSE Code: VAKRANGEE)

Vakrangee is the unique technology driven company focused on building

India's largest network of last-mile retail outlets to deliver real-time BFSI,

ATM, e-commerce and logistics services to the unserved rural and urban markets.

Vakrangee currently has 23,000+ (10,000+ Operational & 13,000+ under

on-boarding process) which are spread across 30 States & UTs and 6,150+ postal

codes. More than 70% of these outlets are in Tier 5 and 6 towns. Planned target

is to reach 25,000 Kendras by 2020.

For information, please contact: investor@vakrangee.in

Ammeet Sabarwal

Chief Corporate Communications & Strategy Officer

ammeets@vakrangee.in

Vakrangee Limited – www.vakrangee.in

+91-022-67765100

Photo: https://mma.prnewswire.com/media/1165690/ESG_rating_details.jpg

Source: Vakrangee Limited