Company to shift its focus from e-governance business to financial inclusion business: VKI has evolved over the past 2 decades transforming from a sub-contractor and IT enabler for E-governance projects to taking on projects on its own. E-governance projects are capital intensive with low RoA, management gradually shifted focus to high-growth opportunities in financial inclusion and E-commerce. The Vakrangee Kendra and the White Label ATM businesses will help the company reduce its reliance on short-term project-based revenues and cash flows from e-Governance projects and ontinue generating incremental stable revenues, cash flows over a longer period of time. We expect the revenuesto increase by CAGR of 17% from FY15-17E.