LIC-backed BSE Smallcap company Vakrangee Limited is planning to expand its ATM network by deploying 3000 new ATM Machines in FY2025-26. As part of this expansion the company will be setting up UPI-based ATM machines. These ATM machines are gaining popularity as they enable simpler and completely cardless cash withdrawals. The company has already received over 465 new applications for setting up new ATM reflecting strong demand and confidence in its ATM expansion initiative the company said in an exchange filing. Vakrangee currently has 6050 White Label ATMs (as on February 28 2025) with 76 per cent of these outlets are in Tier 4 and 6 locations. Vakrangee has acquired Vortex Engineering Private Limited now a subsidiary enabling backward integration cost synergies and advanced technology adoption. A pioneer in low-power ATMs Vortex incubated by IIT-Madras holds nine patents reinforcing its role in the Make in India – Atma Nirbhar Bharat initiative. Vakrangee Kendra serve as a one-stop solution for various banking insurance e-commerce and financial services. The planned ATM expansion will not only enhance cash availability but also contribute to the company’s broader vision of providing seamless digital and physical banking experiences under one roof the company said. The expansion is expected to benefit millions of customers especially those residing in Tier 4 to Tier 6 cities where access to traditional banking infrastructure remains limited. Meanwhile benchmark indices Sensex and Nifty continued their winning run on Tuesday (March 25 2025) early trade as investors sentiment remained firm amid foreign fund inflows and a sharp rally in the US markets. The 30-share BSE benchmark Sensex jumped 418.54 points to 78402.92 in early trade. The NSE Nifty climbed 107.85 points to 23766.20. From the Sensex pack UltraTech Cement Infosys HCL Tech Tata Consultancy Services Power Grid Bajaj Finserv Kotak Mahindra Bank and Maruti were the biggest gainers.