Credit rating agency, CARE has assigned ratings to bank facilities of Vakrangee. The credit rating agency has assigned ‘BBB’ rating to the long-term bank facilities - Fund based amounting Rs 591crore while the agency has assigned ‘A3+’ rating to short-term bank facilities – Non fund based amounting Rs 159 crore.
The ratings assigned to the bank facilities of the company take into account experienced promoter supported by strong management team. The ratings also considers the company’s established track record of executing large orders of e-governance projects coupled with increasing diversification towards e-retail business.
Vakrangee, incorporated in 1990 is Capability Maturity Model Integration (CMMI) level 3 company. The company is an established player as systems integrator and IT-enabled solutions provider in the Indian e-Governance space with capabilities including Document Management system (DMS) and Printing Management system (PMS).
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Info Edge | 8493.50 |
CMS Info Systems | 491.20 |
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