Vortex Engineering Signs Service Level Agreement with UCO Bank for 300 New ATM Machines
Vortex Engineering secures a strategic deal with UCO Bank for 300 new ATM installations. The 7-year contract highlights innovation, indigenization, and digital banking excellence.
A subsidiary of Vakrangre Ltd, Vortex Engineering Private Limited (Vortex) has signed a Service Level Agreement (SLA) with Public Sector UCO Bank for the supply, installation, and maintenance of 300 new ATM machines.
According to the agreement, Vortex will provide end-to-end solutions for 300 New ATMs over a period of seven years, with a total contract value of Rs.12.81 Crore.
The strategic order will foster Vortex Engineering’s position as a premier provider of advanced ATM solutions, renowned for its technological innovation, energy efficiency, and commitment to excellence.
The company specifically focuses on indigenization not only to strengthen India’s digital financial ecosystem but also fosters local innovation, technological sovereignty, and employment generation.
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The company has successfully deployed over 14,000 ATMs across diverse geographies, backed by annual production capacity of 12,000 units.
Vortex’s IP portfolio, comprising 9 registered patents in ATM and cash dispenser technologies, stands as a testament to its engineering excellence and innovation-driven culture.
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This significant collaboration with UCO Bank, a leading public sector institution, will foster the Vortex’s strategic role in building resilient and future-ready banking infrastructure across the nation.
Structured with superior uptime and seamless customer experiences, Vortex ATMs exemplify the convergence of cutting-edge innovation and customer-centric design, driving the next wave of inclusive digital banking in India.
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