EbixCash India

EbixCash World Money India Ltd.

Founded in 1985, EBIXCASH World Money India Ltd, a subsidiary of EbixCash World Money Limited, is a leading Foreign Exchange Services Company based out of Mumbai, India. Formerly known as Weizmann Forex Limited, the Company was acquired by EbixCash World Money Limited in 2019 and was renamed to EBIXCASH World Money India Ltd in 1st January, 2020. We offer innovative, customized, and integrated financial solutions, relating to Foreign Exchange Services, Outward & Inward Remittances, Prepaid Cards, Gift Cards, and Travel Insurance needs of our corporate and retail clients.

With over 70+ branches spread across cities, EBIXCASH World Money India has grown into a ‘Preferred Foreign Exchange Partner’ along this 34-year-old journey. With a vision to grow and a leadership team that committedly achieves this vision, the company has expanded in these 34 years by leaps and bounds reaching new milestones and setting new benchmarks. The ability to identify, learn, and adopt emerging technologies without losing focus on the fundamentals and core strengths, is our brand advantage.

Corporate Values

OUR ‘C’ FORMULA

THE IDEAL SUCCESS MANTRA OF ALL TIMELY

CONSTANTLY

Upgrade & expand our physical outlets, channel partners and business segments

CONTINUALLY

Innovate, upgrade and introduce new solutions that give us a distinct identity

CONSISTENTLY

Achieve and maintain an edge with regards to our research, innovation and progress

Managing Directors Message

T C Guruprasad_1

We welcome you to Ebix Group. The acquisition of Weizmann Forex Limited is not just another feather in the company's cap, but is also an indication of Ebix's commitment to expand its India story. We would like to share that for FY19, the total income of the company increased by 19%, YoYto Rs. 9,189 crore, and the net revenue was up 3% YoY to Rs. 221 crore.

Ebix Inc., (NASDAQ: EBIX), with over 50 offices across 6 continents, is an international supplier of on-demand software and ecommerce services to the insurance, financial, healthcare and e-learning industries. Ebix's main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis, as also, providing Software-as-a-Service ("SaaS") enterprise solutions. With a 'Phygital' strategy combining 320,000 physical distribution outlets and an Omni-channel online digital platform, the Company's.

The acquisition of Weizmann Forex not only provides economies of scale but also broadens our target audience by tapping into the existing market. Today, the EBIXCASH financial exchange portfolio leads in domestic & international money remittance, foreign exchange (forex), travel, pre-paid & gift cards, utility payments, lending, wealth management and more. EBIXCASH's airport foreign exchange business operates from 90 counters across 30 international airports and from over 145+ branches, conducting a total of $4.8 billion in gross transaction value per year and its inward remittance business of approx. $5 billion gross annual remittance confirm its undisputed leadership position in India.

EBIXCASH, through its travel portfolio of Via and Mercury, is also one of Southeast Asia's leading travel exchanges with over 2,200 employees, 212,450+ agent network 25 branches and over 9,800 corporate clients; processing an estimated $2.5 billion in gross merchandise value per year. EBIXCASH's technology services division encompasses leadership in lending technology, asset & wealth management technology, travel technology besides having grown its international expanse to Europe, Middle East, Africa and ASEAN countries.

With this current acquisition, the company's vision is to scale up, explore new opportunities and new markets. The company believes in building strong partnership networks, the strengths of which enable delivery of seamless product experiences, pioneering of innovative products and services, all this and more, ahead of the competition. The company endeavors to build the immemorial edifice of the Ebix group by leaps and bounds, to newer heights, breaking its own records and setting new benchmarks. To the members of Weizmann family, we value your beliefs and the expertise that you bring along. We look forward to leveraging the strengths of the individual entities and ensure another year of great work by offering not just a diverse bouquet but also an enhanced portfolio of travel, foreign exchange and financial solutions to our clients. The company is poised to sustain its leadership along with profitability and positive influence for all stakeholders.

I take this opportunity to appreciate and acknowledge the members of the Board and the Management for their invaluable insights, and the dedicated employees in their contribution towards creating industry benchmarks and building the brand to where it stands today. I would like to thank all the stakeholders for their continued support in achieving this feat for the company, which I am confident of, is only going to gain pace in the years to come.

With best wishes,

Guruprasad T. Chandrashekaran

Whole-Time Director

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