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Thursday, December 15, 2011

Interesting Investment: Rural ATM Palyer Vortex attracting Investers

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Vortex India - Leading ATM Manufacturer with patent pending product line generated interest of Investors - TATA CAPITAL and AAVISHKAAR in infuse INR 50 Crore(~90 million).

This may be the forefront of 40000 ATMs initiative being charted by PSU(Public Sector bank) in India in Nov 2011. With URBAN cities being populated and at some place Mushrooming with ATMs, Rural locations are going to be major thrust area.

Vortex ATM has inbuilt Solar Powered UPS option making it easily deployed in Rural Location where getting regular GRID Power from Local SEB (State Electricity Board) is challenge.