VAKRANGEE SOFTWARES LIMITED
ANNUAL REPORT 2011-2012
Greetings from Vakrangee!
This was another important year for all of us at Vakrangee. It was a year
of achievements. It has been a year of expanding opportunities in our
Touch-Point business, wherein we, as the touch-point between Government and
Citizen, deliver the government services to the citizens using state of the
art technology. You will be glad to know that we have ventured into the CSC
business in the pursuit of expansion of our Touch-Point Business. Now, our
centres at the gram panchayat level in Rajasthan and Punjab shall deliver
Land Record, Driving License, Passport, Election I-Card, NREGS Card,
Cast/Domicile/Birth/Income Certificate etc. at the doorsteps of the
citizen. The citizens shall no more be required to frequently visit
different government offices for this purpose.
We have achieved remarkable success in each of these Touch-Point projects.
In the UID project we have become #2 in terms of the "total number of
enrolments" and #3 in terms of "number of UID generated". We achieved these
numbers despite the fact that we began the rollout of our UID project
implementation much later than the others. We successfully completed the
pilot implementation of the Smart Card based PDS project in Haryana, and
are now gearing up for implementation in other states.
As you all will agree with me, India lives in Villages 80% of Indians live
in villages and small towns with less than one million population. This
population represents 56% of India`s income, 64% of India`s expenditure and
33% of India`s savings. This is a One billion population that accounts for
a US$ one trillion market opportunity!!! We aim to cater to this market by
leveraging our expertise and experience of Touch-Point business acquired
over last two decades.
Two factors have helped us in our immense growth over the past 5 years. One
is our people, and the second is our technology capability.
Our people are by far our biggest strength and the reason why we stand
differentiated from all the other players in the industry. We have the
capability, expertise and experience of raising large teams of people,
training and certifying them and deploying them to meet and exceed
Our technology strengths help us assimilate new technology, devise the
cutting - edge software required for implementation and seamlessly roll
these out in complex implementation environment spread over large
This year we also declared a bonus in the ratio of 1:1 to our shareholders.
Three years back we came to you with our ambitions, and our statement of
purpose. Today we have redeemed those promises in substantial measure.
Today we can proudly stand up and say, we said what we believed, and we
delivered what we said.
We are well on our way to emerge as a US $1 Billion company by 2015.
We believe in this statement, and in time to come, we will achieve this
I wish to conclude by sincerely thanking my colleagues on the Board for
their valuable guidance, my team for their enthusiastic and dedicated work,
our shareholders for their continued support, our customers for giving us
the opportunity to serve and grow, our vendors for being an extension of
our organisation, our bankers for their continued support, and last but not
the least, the government and their various departments whose
farsightedness and vision has brought to us the opportunity for a
transformative change in e-governance. I end by rededicating the efforts of
our team to the achievement of goals for our stakeholders` continued
Chairman & Managing Director