Franchisee Opportunity - Become a Franchisee Owner Opportunity to Own World's Biggest E-Mall - Vakrangee
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Franchisee Opportunity
Become a Franchisee Owner
Opportunity to Own World’s Biggest E-Mall 1
Table of Reference
Company Overview & Our Vision 4
Our 2020 Targets 6
Our Expansion Plan 7
Current Rollout Status 10
IOC – Strategic Tie Up 11
Vakrangee Kendra – Business Overview 14
Model Outlet look and Feel 29
Promotional Rewards, Marketing & Advertising Support 32
Franchisee Model for New Kendra (IOCL) 38
Service Wise Top-5 Performers – Case Studies 44
Action Plan 53
2
Company Overview
3
Company Overview :
About Us
• We are a Technology-driven company, focussing on creating India’s largest network of last-mile retail
Outlets.
• Today we have emerged as 4th Largest Franchisee network Globally.
• First three are 7 Eleven – 55,000+ outlets, Subway – 42,000+ outlets & McDonalds – 36,000+ outlets)
• Current Market Capitalization – Rs. 22,755 crore (as on 30th June 2017) (~US$ 3.5 BILLION)
• Our Strategy is to leverage our vast network of retail outlets to deliver real-time Banking, ATM, Insurance
Services, E-Governance Services (G2C), e-Commerce Services (B2C) & Logistics Services to the unserved and
underserved rural, semi-urban and urban markets.
• Our aim is to potentially enable every Indian to seamlessly benefit from Financial Inclusion, Social Inclusion,
Digital India, Skill Development, Employment, Government programmes and a wider access to basic goods and
services.
Our Vision :
“Vakrangee aims to be the most trustworthy Physical as well as Online convenience-store across
India. We promise to give every Indian, their rightful access to a wide range of products and
services, that are fairly priced and of high quality. We will keep expanding this network, until we
are in close proximity to the last excluded person within the country”
4
Company Overview :
Awards & Certifications
Awards and Accolades Certifications
• Selected in the Top 50 BSE 500 Companies by Growth in M-Cap - Forbes
India 2017
• MSCI ESG Research Inc. has scored Vakrangee 10 out of 10 for the research
conducted for the assessment of performance across the three pillars i.e.
environmental, social and governance.
• MSCI Research has ranked Vakrangee globally No.1 in “Access to Finance to
Citizens in Underserved Markets” .
• Vakrangee has been features in 11 Indian companies, up from an all-time low
of eight last year by Forbes Asia’s Best Under a Billion list for 2015
• ET-500 Companies for 2013 as published by ET
• Nominated (top 5) for the best CEO (IT & ITes) by Business Today in January
2014
• 26th in the Deloitte Technology Fast 50 companies in India, 2012
• 18th in the Deloitte Technology Fast 50 companies in India, 2011
• 226th rank in Deloitte Fastest 500 growing Asia Pacific companies in 2011
• CA. Business Leader - SME (3rd Rank) of the Year Award, 2008 to the
Chairman by Institute of Chartered Accountants of India
• Economic Times ET 500 best companies in India in 2006-07
5
Company Overview :
Our 2020 Targets
50,000 Rural
25,000 Urban
6
Company Overview :
Our Expansion Plan
Executed Till
FY2016 FY2017 FY2018 FY2019 FY2020 Date –
March 2017
Rural
15,000 25,000 35,000 45,000 50,000 25,131
Kendras
Urban
5,000 10,000 15,000 20,000 25,000 10,075
Kendras
Total 20,000 35,000 50,000 65,000 75,000 35,206
Achieved the Full Year Targets for FY2017. Set to rollout the Expansion Plan for FY2017-18.
Well on Track to deliver and achieve on the Planned Expansion Plan
7
Company Overview:
Well Established Last Mile Infrastructure –
More than 1800+ Employees
Independent Project Management Consultant
Corporate PMO Head Quarters
State PMO State Office
Division Office 1 Division Office 2 Division Office N
District Office 1 District Office 2 District Office N
Block Office 1 Block Office 2 Block Office N
Vakrangee
Franchisee SSA Level Office 1 SSA Level Office 2 SSA Level Office N
Franchisee 1 Franchisee 2 Franchisee N
Vakrangee requires minimal additional human resources for incremental setup of
Vakrangee Kendras through franchise route
8
Current Rollout Status
9
Vakrangee Kendra:
Rollout Status as on March 31, 2017
States Rural Branches Urban Branches Total
RURAL BRANCHES
Rajasthan 10058 3014 13072
Uttar Pradesh 6648 3374 10022
25,131
Maharashtra 6848 2303 9151
Madhya Pradesh 565 317 882
15,670
Gujarat 210 225 435
60.4%
Bihar 314 88 402
Haryana 89 212 301
Punjab 71 210 281
Jharkhand 123 57 180 FY2015-16 FY2016-17
Odisha 70 56 126 URBAN BRANCHES
Delhi 1 116 117
10,075
Chhattisgarh 46 23 69
Uttarakhand 36 31 67
Goa 31 20 51 5,006
Himachal Pradesh 15 12 27 101.3%
Chandigarh 1 13 14
Karnataka 5 3 8
0 1 1 FY2015-16 FY2016-17
Dadar & Nagar Haveli
Total 25131 10075 35206
10Vakrangee Kendra:
Strategic tie up with INDIAN OIL CORPORATION LIMITED for Pan India
• Strategic tie-up with Indian Oil Corporation Limited (IOC), India's largest commercial enterprise
for setting up Vakrangee Kendra at its retail outlets (distribution network).
• 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 Fuel Outlets)
• Tie up to drastically increase the customer touch points at the Vakrangee Kendra and ensure a
boost in its core objective i.e. Financial Inclusion, Digital Inclusion, Social Inclusion,
Employment Generation and Skill Development.
11Vakrangee Kendra:
LAUNCH OF VAKRANGEE KENDRA AT INDIAN OIL CORPORATION
• Vakrangee Kendra shall be set up in all IOC Filling/Gas station located across India.
• 200+ Vakrangee Kendra outlets are operational in the state of Maharashtra, Rajasthan, Uttar
Pradesh, Gujarat, Madhya Pradesh, Orissa, Jharkhand, Chhattisgarh and Delhi NCR
Photograph of Vakrangee Kendra at IOC Filling / Gas Station
Lucknow, Uttar Pradesh Mumbai, Maharashtra
12Vakrangee Kendra – Business Overview
13Vakrangee Kendra :
Services Overview – What we do
Being one of the company with the vast presence in urban, semi-urban and rural India and tangibly delivering last mile goods and
services, we own a compelling and shared vision to be the catalyst for the change. With the vast experience and vigorous
approach, our strategic priority is to be the enabler for shared prosperity. Vakrangee Kendra serves all three sectors of the society
Scope of Services Target Sectors
E-
Served
Commerce
E-
Logistics Governa
nce
Equalizer
Unserved
Insurance Banking
Underserved
ATM
14
14Vakrangee Kendra:
Scope of Services
Technology Intensive Retail Distribution Platform for last mile touch points delivering services across
Banking & ATM, Insurance, e-Governance, e-Commerce and Logistic services to domains on a real-time basis to potential 250 mn customers
across underserved rural and urban India
VAKRNAGEE VITT VAKRANGEE NAGRIK VAKRANGEE BAZAAR
BANKING INSURANCE E-GOVERNANCE E-COMMERCE LOGISTICS
• Bank A/C Opening • Corporate agency tie-up • Alliance with IRCTC for • Telecom - Mobile recharge • Alliance with FedEx
• Cash Deposits, for Life , General and offering railway E- • DTH service - Recharge, bill Express, Aramex India,
Withdrawals, Money Health Insurance. Ticket booking payments Delhivery and First Flight
Transfer. • Micro Insurance • Alliance with BBPS • Assisted E-Commerce Model Couriers Limited for
• Fixed/ Recurring schemes under Atal (Bharat Bill Payment – courier and logistics
Deposits. Pension Yojna, Jeevan Services) for all types of • Alliance with Amazon to services (Forward Delivery
• Balance Enquiry, Jyoti Bima Yojna & Bill payments facilitate sale of products. as well as Reverse Pick Up
Statement of Accounts Pradhan Mantri • GST Services – • Alliance with Augmont for services)
• Disbursement of money Suraksha Bima Yojna. Registration & Filing Sales of Gold Products
under Direct Benefit • Enrolments-UID Card, • Alliance with Reliance Jio for
Transfer NREGA job Card, issuance of sim connection
Election Card • Alliance with Redbus for
• Land Record offering bus ticketing services.
Digitization, Electoral • Alliance with “Mahindra
Rolls eMarket Limited”, a
ATM FINANCIAL SERVICES • Other G2C services subsidiary of M&M, for
based on state to state promoting and booking
• Real time cash • Lead generation for Loan automobile products
withdrawals from all Products – Consumer,
banks through WLA Housing, SME Loans
(White Label ATM). • Mutual Fund
• Co-located ATM in distribution
urban/semi-urban
branches to cater to
holistic banking needs
of customers while
optimizing cost of
operations.
15Vakrangee Kendra:
Key Business Alliances – Strong Reputed Partners
BANKING
E-GOVERNANCE
INSURANCE
E-COMMERCE
LOGISTICS
16Vakrangee Kendra Technology Setup
SERVICES PROVIDED THROUGH REAL TIME INTEGRATION WITH PARTNER SYSTEMS
BANK – CORE ALL PARTNER SYSTEMS –
BANKING SERVER E-COMMERCE, E-GOVERNANCE, INSURANCE & LOGISTICS
Customer
PASS Vakrangee
Internet
THROUGH Kendra
Connectivity
SERVER
WALLETS TO BE MAINTAINED FOR REAL TIME SETTLEMENT
BANK SETTLEMENT VAKRANGEE ATM WALLET
ACCOUNT WALLET ACCOUNT ACCOUNT
Technology Internet Connectivity
• Technology platform integrated with CBS of • Seamless connectivity through V-SAT or Broadband Internet
various banks, delivering real-time & • Designed to operate 4 hours on battery backup in case of power failure
interoperable banking access.
• Biometric authentication enabling quick KYC Power Supply
and paper less banking.
• UPS
• integration with all partner systems across E-
Commerce, E-Governance, Insurance and Security Specifications
Logistics.
• Technical Support Available - Resources at • Defined User Policy -Authentication required for each and every user of the server;
district level trained to handle day-to-day IT Secured and safe transactions
glitches and troubleshooting. • Quarterly security audit including vulnerability and penetration testing
• Information security audit by link bank before go-live certificate 17Banking : Key Services
Banking Account Opening
Cash Withdrawal
Cash Deposit
Money Transfer / Fund Transfer
Micro ATM for RuPay Card
Benefits
Recognition by RBI as an branch to the bank, hence highly
reputable service to increase your goodwill in the market.
Real Time, Interoperable & Paperless Banking services –
Easiest Mode of Finger print banking for unserved & underserved
people.
High revenue opportunity: Due to large amount of unbanked
population there is a huge scope of delivering banking service to the
citizens
Banking business increases customer footfall which is beneficial for
cross selling other services
18ATM: Opportunity
2,825 ATM per Mn Population
• Low Penetration = Huge opportunity for WLAs
2,048 • As on Oct 2016, India had ~ 230,000 ATMs. It is expected
1,854 to cross 350,000 ATMs by 2017 in India.
1,660
1,278 1,186 • RBI WLA license to Vakrangee –
634
• Set up 15,000 WLA by March 2019
599
375 • Maintain rural (Tier III to VI) to urban (Tier I & II) ratio
112
of 2:1 (incl. minimum of 10% to be set up in Tier V &
South Canada Portugal Australia Japan Brazil Turkey South China India VI)
Korea Africa
Benefits of Vakrangee WLAs Over Other Players
Sr. No. Operating Cost Vakrangee Peers COMPETITIVE ADVANTAGES
URBAN BRANCH + ATM MODEL
1 Rent Expense
COST SYNERGIES
2 Civil Work & Interiors • No requirement of security guard as the ATM
is located inside the urban BC branch
3 Internet Connectivity
• Sharing of Civil Work, VSAT, Rent and
4 Cash Management Charges Electricity expenses.
5 ATM Operational Costs
6 Security Guard
19ATM :Cash Sourcing From Retail Outlets
By Franchisee – Daily Cash Uploading
Confirm amount to be obtained from
Retail outlet for loading in ATM and
transfer amount to his/her bank
account
Generate acknowledgement slip
from your VKMS login ID for
Respective Retail Outlet
Visit retail outlet to collect cash
Franchisee’s Ensure cash is ATM fit & genuine Amount dispensed from ATM will be
transferred by Vakrangee to Vakrangee’s
Responsibility Run the currency through Currency
Counting and Fake currency Franchisee’s bank account the Responsibility
detection machine next day
As per the ATM fit currency obtained,
Fill Acknowledgement slip & take
Retail Outlet representative’s sign
Upload Cash in ATM under
supervision of BE / DE. Submit Cash
loading report on VKMS along with
details of source of cash
20ATM: Key Services
ATM Financial Transaction - Cash Withdrawal
Non Financial Transaction – Balance enquiry, Pin change, etc.
Benefits
Increasing the credibility of the outlet: ATM adds to the
credibility of the business model & also attracting high footfall.
Low to No Maintenance : Sharing of Civil Work, VSAT, Rent and
Electricity expenses. Also No manpower is required to operate this
service.
Significant savings as there is NO CRA charges - Due to Retail
Outlet Model (RO model)
Low risk business model with Quick payback period
21E-Commerce: Key Services
E-Commerce Assisted e-Commerce with Amazon India (If Available)
Mobile/DTH Recharge
Two wheeler booking with Mahindra eMarket Limited
Bus Ticket booking with RedBus
Gold jewellery and gold coin purchase with Augmont
Reliance Jio devices and connection
Benefits
Zero Inventory Model - No investment to maintain stocks of varied
products
Biggest E-Mall for Products - Wide range of products: Availability
of 10 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
22Insurance: Key Services
Insurance Life Insurance
General Insurance (Motor / Vehicle Insurance)
Health Insurance
Benefits
There is immense potential to bring employed citizens & citizens from
unorganized sector in rural under the ambit of Pension Schemes. The idea
of APY scheme is to provide a definite pension to all Indians
Huge Untapped Opportunity:
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
Low Risk: Risk is underwritten by insurance provider
23Logistics: Key Services
Logistics Front-end Point for Courier Booking Services
Last Mile Delivery Services
Last Mile Reverse Logistics Services
Benefits
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, Delhivery and other.
24E-Governance: Key Services
E-Governance IRCTC – Railway Ticket E-Booking
GST – Registration & Filing Services
BBPS – All Type of Bill Payment Services
Aadhaar Enrolment / Update (As per Government Regulations)
PVC Card Printing
Other E-Governance services wherever available
Benefits
Pull based & Necessary Services – Services like GST registration /
Filing, Railway Ticket e-booking and Aadhaar serices are highly popular
need based services.
Creates Trust - High visibility of service, hence building trust within
citizens towards the Kendra
25Potential New Key Services to be Added
Potential New
Services to be Tie up with NBFCs – Loan Lead generation for Consumer, Housing and SME
available loan products
B2B E-Commerce - Wholesale/Bulk Purchase of products
Tie up with Mutual Fund Companies – Distribution of Mutual Fund
products
VISA support services – Visa support services
26Unique Vakrangee Model – Salient Features & Advantages
Access to more than 100 million products and 1000+ services
Own the World’s Biggest under one roof - Access to various Licences / Empanelment's such
e-Mall as UIDAI, Banking, Insurance, E-Commerce & Logistics
Zero Inventory Model – There is no requirement of holding an inventory. Therefore, it is a
Stockless Model 'Stockless Model'
Trust & Respect within In line with the PM’s vision of financial inclusion, digital inclusion,
the community social inclusion, skill development, and employment generation
Fastest Return on Vakrangee Kendra business model has evolved to give the fastest
Investment ROI in the retail and service industry
Last Mile Infrastructure Organisation Structure enables to provide local support till the last
and Technology Support mile ensuring smooth and seamless delivery of the services.
27Model Outlet Look and Feel
28Model Outlet Look and Feel
29Inside Vakrangee Kendra
30Vakrangee Kendra - Outlet Look and Feel
31Promotional Rewards, Marketing &
Advertising Support
32Performance Rewards : Monthly Reward Schemes
for the Best as well as Consistent performers
Rewards announced over last 6 Months –
• More than 10 Four wheelers
• More than 75 two wheelers
• More than 1000 Gold Bars & Coins
33Performance based Monthly Award Winners
34Marketing Support - Vakrangee Print Campaign
35Marketing Campaign at Vakrangee Kendra
36Marketing Campaign – National Level Advertising Support
37Franchisee Model for
New Vakrangee Kendra
IOCL
38Selection procedure and
Mandatory Certification / Training Requirement
Sr No. Selection Procedure
1 Basic KYC & Aptitude Check
2 Police Verification
3 Credit Check (CIBIL Check)
4 Referral Check
5 GST Registration
6 PAN / AADHAAR Card
Sr. No. Service Certification Fees to be Paid by Dealer
1 E-Governance NSE IT UIDAI Rs.365/- (inclusive of all taxes)
2 Banking IIBF Rs.800/- (exclusive of all taxes)
3 Training Expenses to be incurred by Franchisee
39New Franchisee Vakrangee Kendra – IOCL
One time Cost is approx. 8 Lacs
Sl. No. Vakrangee Kendra Requirements Delivery Items / Remarks
Laptop with Adaptor, Pin Pad Device + Single Bio-metric
1 Banking Vertical
Finger Print Device & Currency Counting Machine
ATM Machine Supply of ATM Machine on Custodian basis
Connectivity for ATM Sofos (if required), 1KVA UPS with 42 Ah Batteries
2 E-Commerce and Insurance Vertical Laptop with adaptor & LCD Monitor, Digital Signage (TV-LFD)
Logistics Kit Includes Weighing Machine,
3 Logistics Vertical
T-Shirt, Biker Pouch and Bag & Barcode scanner.
Kit Includes Slap Biometric Scanner, Iris Scanner, Web
Camera, Laptop/Desktop, Printer
4 E-Governance Vertical - UID Kit
For Aadhaar (Enrolment/Update)
E-Governance Vertical - PVC Card Printer PVC Card Printing
5 Single Finger Bio-Metric Device (2 Devices) E-KYC Facility
6 Branding (does not include interiors and Civil work) Kendra Branding as per Vakrangee specifications
Total Goods worth approx. Rs. 8,00,000 /-
40
Note: These rates are exclusive of applicable Freight and TaxesNew Franchisee Vakrangee Kendra – IOCL
BEST PRICE Rs. 8 Lakhs
Rs. 4.5 LAKHS + Taxes Only
+
ATM FREE (Custodian Basis)
Pay In three simple steps
Offer Valid only • Step 1 : Rs. 2 Lakh on Signing Agreement
Upto 15th August 2017 • Step 2 : Rs. 1.50 Lakh within 10 days
• Step 3 : Rs. 1 Lakh on completion of
branding
Tax Details –
41
For Rs. 4,50,000 option – Total Tax Payable : Rs. 96,651
Freight Charges as actual to be paidPayment Process & Details for New Franchisee
Vakrangee Account Details :
Name : Vakrangee Limited
Address : Vakrangee House, Plot no-66, Marol Co- Op Indl Estate, M.V. Road , Marol Naka , Andheri (E), Mumbia- 400059
Name of Bank : HDFC Bank Ltd
Branch Address : Unit no.1,Town Centre,Andheri Kurla Rd., Near Kobe Sizzlers,Andheri (E),Mumbai-400059
IFSC CODE of Bank : HDFC0000592
Branch Code : 0592
Type of Account : Current
Account no : 05922320000242
Mandatory Requirement – After making the Payment, the Payment details need to be
Updated on the below Link within next 3 working days else the Payment shall be
transferred to Suspense Account
Important - Payment made in the last 6 months also need to be updated by 21st July 2017
Click on the Following Link for Payment Update : (If VKID Generated)
https://goo.gl/HKFTvH
Click on the Following Link for Payment Update : (If VKID not yet Generated)
https://goo.gl/r37Gcr
42Targeted Financial Earnings for IOCL Franchisee
Particular (Amount in INR) Monthly Earning
Sales & Services under Vakrangee Kendra
E-Governance Services (IRCTC Railway e-booking, GST Services, BBPS, Aadhaar Update & PVC Card Printing)* 15,000
Banking Services (Bank A/c Opening, Cash Handling-Deposit & Withdrawal, Remittance/Fund Transfer) 30,000
Insurance (Life, General and Health) 12,500
ATM (Financial & Non Financial Transaction) 25,000
E-Commerce
• DTH & Mobile Recharges & Bus Ticketing 2,500
• E Commerce / Amazon 50,000
• Assisted E-Commerce (Goods) 10,000
Logistic Services 5,000
Gross Earning for Franchisee (A) 1,50,000
Less: Operating Expenses
Operator Salary ( 3 Employees / Operators) 30,000
Manager Salary (1 store manager) 20,000
Rent (Mini.200 Sq. Feet to 500 Sq. Ft. Recommended) 25,000
Office Expenses including Electricity Charges, Connectivity Charges, Insurance & Hardware Maintenance Cost 15,000
Localized Marketing Cost 10,000
Total of Operating Cost (B) 1,00,000
Net Earning for Franchisee per Month (A-B) 50,000
Pay Back Period (In Months) 9-12
Return on Capital Employed (In Percentage) 35% + 43
Note * - Depending upon whichever services available in that LocationSuccess Stories : Service wise Performers
Case Studies
44Success story : E-Governance – AADHAAR Enrollment
Case Study
Service – E-Governance Transactions
VK ID : RJ3311032
Franchisee Name : Vinod Jain
Location : Udaipur Sarda, Rajasthan
Commission Earned during the Month : Rs. 1,48,824
Aadhaar Enrollment : 6,201
45Success story : E-Governance – AADHAAR Update & PVC
Case Study
Service – E-Governance Transactions
VK ID : RJ2303036
Franchisee Name : Hemlata Khandelwal
Location : Kota Lalpura, Rajasthan
Commission Earned during the Month : Rs. 51,032
Aadhaar Update & PVC Card Transactions : 2,571
46Success story : Amazon Assisted E-Commerce Services
Case Study
Service – Amazon Assisted E-Commerce Services
VK ID : RJ3205013
Franchisee Name : Abhishek Jain
Location : Tonk, Rajasthan
Earnings during the Month : Rs. 1,92,072
Insurance Policies Sourced : 1,141
47Success story : Banking
Case Study
Service – Banking Transactions
VK ID : UP3712049
Franchisee Name : Anand Kumar Dixit
Location : Jaunpur, Uttar Pradesh
Commission Earned during the Month : Rs. 89,250
Account Opened : 68
Cash Handling Done : Rs. 2,35,35,548
48Success story : ATM Services
Case Study
Service : ATM - Financial / Non Financial Transactions
VK ID : MH2305039
Franchisee Name : Sarojini Subhash Katakdound
Location : Osmanabad, Maharashtra
Commission Earned during the Month : Rs.63,557
Financial Transactions Done : 6,047
Non Financial Transactions Done : 1,029
49Success story : Logistics – Courier Booking Services
Case Study
Service – Courier Booking
VK ID : UP4809021
Franchisee Name : Jasmeet Singh
Location : Lucknow, Uttar Pradesh
Commission Earned during the Month : Rs. 10,266
Courier Bookings Done : 869
50Success story : Logistics – Last Mile Delivery Services
Case Study
Service – Last Mile Delivery Services
VK ID : MH2810029
Franchisee Name : Bharatkumar Vasantrao Patil
Location : Sangli, Maharashtra
Commission Earned during the Month : Rs. 27,929
Courier Bookings Done : 1,833
51Success story : Insurance
Case Study
Service – Insurance Services
VK ID : UP4809021
Franchisee Name : Jasmeet Singh
Location : Lucknow, Uttar Pradesh
Earnings during the Month : Rs. 44,808
Insurance Policies Sourced : 94
52Action plan
53Action Plan :
Setting Up of new Franchisees
In order for any Potential Franchisee to own a Vakrangee Kendra , he/she should agree with the following 3 conditions:
PAYMENT OF DISCOUNTED
SET UP COST– • Franchisee to pay the Discounted Set up cost for all Hardware, New Branding and ATM
Machine (on custodian basis)
LIMITED PERIOD OFFER
EXCLUSIVITY & MINIMUM • Franchisee should only provide Vakrangee services through the Kendra
WORKING CAPITAL • Franchisee should be ready to invest the required Minimum Working Capital for smooth
INVESTMEMT functioning of services
IOCL Retail Outlet KSK Outlet
Wallet : Rs. 2 Lacs Wallet : Rs. 1 Lacs
Banking (settlement account) – Rs. 5 Lacs Banking (settlement account) – Rs. 2 Lacs
ATM – Rs. 5 Lacs ATM – Rs. 1 Lacs
ACHIEVE SERVICE
• Franchisee to ensure activation of all Mandatory services in the Kendra on consistent basis
ACTIVATION TARGETS ON
CONSISTENT BASIS • Franchisee should be ready to achieve the targets decided by the management
CONTACT THE NEAREST • If the Potential Franchisee is in agreement with the above terms and conditions, then feel free
BC OR DC FOR to contact the nearest Vakrangee BC/DC Officer.
ON-BOARDING PROCESS • Initial Set-Up support and Training Support would be provided by the Vakrangee Team.
54Thank You
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