THE ASSISTED DIGITAL CONVENIENCE STORE

1 January 22, 2018 THE ASSISTED DIGITAL CONVENIENCE STOREQ3 & 9M fy2017 -18 results Update Vakrangee LimitedVakrangee LimitedThispresentationhasbeenpreparedby VakrangeeLimited( Vakrangee or VL orthe Company )solelyforyourinformationandforyourusean dmaynotbetakenaway,reproduced,redistribu tedorpassedon,directlyorindirectly,toany otherperson(whetherwithinoroutsideyouror ganizationorfirm)orpublishedinwholeorinp art, , ,invitationorrecommendationtopurchaseors ubscribeforanysecuritiesinanyjurisdictio n,andneithertheissueoftheinformationnora nythingcontainedhereinshallformthebasiso f,orberelieduponinconnectionwith, ,expressorimplied,ismadeandnoreliancesho uldbeplacedontheaccuracy, ,orimpliedby, , , Limited3 VAKRANGEE TODAY.

2 EVOLVED INTO CONSUMPTION-LED DIGITAL CONVENIENCE STORE MODELVAKRANGEE 2013-14 HIGH WORKING CAPITAL CAPITAL INTENSIVENEGATIVE FREE CASH FLOWHIGH DEBTVAKRANGEE 2017-18 LOW WORKING CAPITAL ASSET LIGHT FRANCHISEE MODELSTRONG +VE FREE CASH FLOWDEBT FREEFY14 Revenues ( ) 19, Tax (Rs. mn)1, -% of 20209M FY18 Revenues ( )46, Tax (Rs. mn)6, -% of LimitedUSD BNMarket cap*43rdLargest Franchisee Network Globally17+ StatesOur PresenceDebt Free Balance Sheet44,000+No of VakrangeeKendraPWCS tatutory auditorsVAKRANGEE TODAY : CONSUMPTION-LED DIGITAL CONVENIENCE stores * As on January, 19, 2018 Vakrangee Limited5 PILOT VISION AS PROOF OF CONCEPTLEADING TO STRUCTURAL LONG-TERM GROWTH OPPORTUNITYHUGE UNTAPPED MARKETMARKET LEADERSHIP POSITIONADVANTAGEVAKRANGEE REALIZING OUR RENEWED VISION Vakrangeeaims to be the most trustworthy Physical as well as Online CONVENIENCE - STORE across India.

3 We will keep expanding this network, until we are in close proximity to the last excluded person within the country VAKRANGEE: OUR STRATEGYPILOT VISION 2020 LAUNCHED IN 2015 Vakrangee Limited6 HUGE UNTAPPED MARKET : OVERALL MARKET BILLIONTOTAL NO OF VILLAGES6,54,424 RURAL OUTLET POTENTIAL2,94,442 URBAN OUTLET POTENTIAL75,535 TOTAL OUTLET POTENTIAL3,69,977 Click here Potential Market OpportunityVakrangee Limited7 MARKET LEADERSHIP POSITION : OUR PRESENCE17+ STATES44,286 OUTLETS5,500+ POSTAL CODES385+ DISTRICTSV akrangee Limited8 ADVANTAGE VAKRANGEE.

4 OUR STRENGTHSTie up with Strong Partners & Access to Key LicensesTechnology & Integration Expertise On Ground Field Presence till the Block LevelSize and Scale with StrongFranchisee Model Portfolio of key Licenses & Partnership empanelment's built over last 20 years Have Built a Strong Bouquet of Products and Services Over two decades of System Integration Capabilities Interoperable banking -Integration with the Core Banking servers of the Banks Pioneer in Aadhaarbased biometric enabled banking Field Level Hierarchy till the Block level More than 1.

5 200 District and Block Area managers Continuous Handholding and support to Franchisee to maintain smooth Operations and drive sales Robust STORE Economics leading to strong growth in stores Scale leading to emergeas a Partner of choice Low Capital Intensity due to Asset Light Franchisee model leading to Strong FCF 9 TABLE OF CONTENTS Our 2020 Targets10 Q3 & 9M fy2017 -18 results Update 13 Dividend Pay-Out Policy 17 Financial Overview & Shareholding Structure 19 Company Overview23 Directors & Leadership Team32 Annexure 36 Vakrangee LimitedOUR 2020 TARGETS1050,000 Rural25,000 Urban WeareaTechnology-drivencompany,focussing oncreatingIndia slargestnetworkoflast-mileretailpoints-o f-sale.

6 OuraimistopotentiallyenableeveryIndianto seamlesslybenefitfromFinancialInclusion, SocialInclusion,DigitalIndia,SkillDevelo pment,Employment,Governmentprogrammesand awideraccesstobasicgoodsandservices. OurStrategyistoleverageourvastnetworkofr etailaccesspointstodeliverreal-timeBanki ng&ATM,InsuranceServices,E-GovernanceSer vices(G2C),e-CommerceServices(B2C)&Logis ticsServicestotheunserved&underservedrur al, LimitedUPDATE ON EXPANSION PLANFY2016FY2017FY2018FY2019FY2020 Executed Till Date December 2017 Rural Kendras15,00025,00035,00045,00050,00032, 478 Urban Kendras5,00010,00015,00020,00025,00011,8 08 Total20,00035,00050,00065,00075,00044,28 6 Achieved20,67735,206----11 Well on Track to deliver and achieve on the Planned Expansion PlanVakrangee LimitedQ3 & 9M fy2017 -18 results UPDATEV akrangee Limited13`Q3 & 9M fy2017 -18 results .

7 KEY HIGHLIGHTS REVENUESEBITDA & EBITDA MarginPAT & PAT Margin Q3 fy2017 -18 (Consolidated) Rs FY2016-17Q3 fy2017 -18 EBITDA (Rs. Mn)EBITDA Margin % & EBITDA Margin9, , FY2016-17Q3 fy2017 -18 PAT & PAT Margin PAT & PAT Margin FY2016-17Q3 fy2017 -18 PAT (Rs. Mn)Total Comprehensive Income*PAT Margin % fy2017 -18 (Consolidated)28, , FY2016-179M fy2017 -18 EBITDA (Rs. Mn)EBITDA Margin % FY2016-179M fy2017 -18 PAT (Rs. Mn)Total Comprehensive Income*PAT Margin % * Includes Gain from Fair Value of Equity InstrumentsVakrangee Limited14 Update on Expansion Plan Currently 44,286 outlets are across 17+ states Update on New Tie-ups & Alliances E-commerce-NetmedsMarketplace Limited to offer medicines and other health products Update on Outlets at Indian Oil Corporate Limited (IOC)

8 Filling/Gas Station 260+ outlets operational in the state of Maharashtra, Rajasthan, Uttar Pradesh, Gujarat, Madhya Pradesh, Orissa, Jharkhand, Chhattisgarh and Delhi NCR KEY OPERATIONAL UPDATES New set of guidelines proposed by RBI -Banks need to open at least 25% of their banking outlets in a year in unbanked area. Reserve Bank of India has come with the guideline that all Business Correspondent point providing banking services can be consider as banking outlet which are fulfilling the terms & conditions ofRBI circular no. RBI/2016-17/306 DBR , dated May 18, 2017.

9 (Link: ). Update on Pradhan Mantri Jan DhanYojnaScheme Total crore accounts opened so far with Rs. crore in deposits. (Date as on January 2, 2018). Update on Direct Benefit Transfer Scheme (DBT) The Scope of DBT has been expanded and it has been universalised to cover all Central Sector and Centrally Sponsored Schemes. (Source - ) Latest Update on DBT -DBT Mission is monitoring data from 56 Ministries/Departments on 409 government schemes operational in the country. The total direct benefit Transfer (Cumulative) stood at Rs. 2,68, stood and for fy2017 -18 stood at Rs.

10 85, + Crore; number of DBT transactions ( fy2017 -18) stood at more than + crore and saving stood at 57,029 Crore(Data as on January 2, 2018).KEY INDUSTRY UPDATESQ3 & 9M fy2017 -18 results :KEY HIGHLIGHTS Vakrangee Limited15 Particulars (RsMn)Q3 fy2017 -18Q3 FY2016-17 YoY%9M fy2017 -189M FY2016-17 YoY %% of Total% of Total% of Total% of TotalTotal ( ) ( )Total ( ) ( )EBITDA Margin % & 9M fy2017 -18 results :BUSINESS WISE VERTICAL ANALYSIS (STANDALONE)Vakrangee Limited16 Particulars (Rs. Mn.)Q3 fy2017 -18Q3 FY2016-17 YoY % 9M fy2017 -189M FY2016-17 YoY % Total Income from Operations18, , , , Expenses (Excluding Depreciation & Finance Cost)14, , , , , , , Margin % (350 bps) (410 bps)Depreciation ( ) ( )Finance ( ) ( )Profit before Tax (PBT)3, , , , Expenses1, , , after Tax (PAT)2, , , , Margin % (30 bps)Total Comprehensive Income*2, , , , Comprehensive Income bpsEarnings per Share (EPS Basic in Rs.)