Vortex Engineering Private Limited, a subsidiary of Vakrangee Limited, has entered into a Service Level Agreement (SLA) with UCO Bank for the supply, installation, and maintenance of 300 new ATM machines. The agreement, valued at ?12.81 crore, spans seven years and involves the delivery of end-to-end ATM solutions.
This strategic partnership further strengthens Vortex Engineering’s position as a leading provider of advanced, energy-efficient ATM solutions known for their technological innovation and reliability. The deal aligns with the company’s mission to promote financial inclusion and enhance banking accessibility in underserved regions by offering robust, cost-effective technology platforms.
As a proud Swadeshi enterprise supporting the Make-in-India initiative, Vortex is dedicated to the domestic design, development, and manufacturing of world-class ATM infrastructure. Its focus on indigenization supports India’s Atma Nirbhar Bharat vision by fostering local innovation, technological self-reliance, and employment generation.
To date, the company has successfully deployed over 14,000 ATMs across varied geographies and boasts an annual production capacity of 12,000 units. Vortex’s innovation-led culture is reflected in its portfolio of nine registered patents in ATM and cash dispenser technologies, highlighting its engineering prowess.
Further elevating its technological offerings, Vortex has developed ‘PERFO’, a next-generation remote ATM monitoring platform. Designed to be cross-platform and vendor-agnostic, PERFO enables real-time monitoring, predictive maintenance, and efficient fleet management, ensuring peak performance across diverse ATM networks.
This collaboration with UCO Bank, a major public sector institution, highlights Vortex’s pivotal role in building resilient and future-ready banking infrastructure across India. Engineered for high uptime and seamless user experience, Vortex ATMs embody the fusion of innovation and customer-centric design—driving the next phase of inclusive digital banking in the country.