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Ebixcash World Money India Ltd.

BSE: 533452 Sector: Financials
NSE: EBIXFOREX ISIN Code: INE726L01019
BSE 00:00 | 03 Apr 392.60 18.65
(4.99%)
OPEN

392.60

HIGH

392.60

LOW

392.60

NSE 00:00 | 03 Apr 407.75 19.35
(4.98%)
OPEN

407.80

HIGH

407.80

LOW

370.05

OPEN 392.60
PREVIOUS CLOSE 373.95
VOLUME 266
52-Week high 529.95
52-Week low 240.25
P/E
Mkt Cap.(Rs cr) 437
Buy Price 392.60
Buy Qty 25.00
Sell Price 392.60
Sell Qty 44.00
OPEN 392.60
CLOSE 373.95
VOLUME 266
52-Week high 529.95
52-Week low 240.25
P/E
Mkt Cap.(Rs cr) 437
Buy Price 392.60
Buy Qty 25.00
Sell Price 392.60
Sell Qty 44.00

Ebixcash World Money India Ltd. (EBIXFOREX) - Chairman Speech

Company chairman speech

Dear Shareholders of Weizmann Forex family

We welcome you to Ebix Group. The acquisition of Weizmann Forex Limited is not justanother feather in the company's cap but is also an indication of Ebix's commitment toexpand its India story. We would like to share that for FY19 the total income of thecompany increased by 19% YoY to Rs. 9189 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 aninternational supplier of on-demand software and e-commerce services to the insurancefinancial healthcare and e-learning industries. Ebix's main focus is to develop anddeploy a wide variety of insurance and reinsurance exchanges on an on-demand basis asalso providing Software-as-a-Service ("SaaS") enterprise solutions. With a'Phygital' strategy combining 320000 physical distribution outlets and an Omni-channelonline digital platform the Company's.

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

EBIXCASH through its travel portfolio of Via and Mercury is also one of SoutheastAsia's leading travel exchanges with over 2200 employees 212450+ agent network 25branches and over 9800 corporate clients; processing an estimated $2.5 billion in grossmerchandise value per year. EBIXCASH's technology services division encompasses leadershipin lending technology asset & wealth management technology travel technology besideshaving 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 newopportunities and new markets. The company believes in building strong partnershipnetworks the strengths of which enable delivery of seamless product experiencespioneering of innovative products and services all this and more ahead of thecompetition. The company endeavors to build the immemorial edifice of the Ebix group byleaps 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 bringalong. We look forward to leveraging the strengths of the individual entities and ensureanother year of great work by offering not just a diverse bouquet but also an enhancedportfolio of travel foreign exchange and financial solutions to our clients. The companyis poised to sustain its leadership along with profitability and positive influence forall stakeholders.

I take this opportunity to appreciate and acknowledge the members of the Board and theManagement for their invaluable insights and the dedicated employees in theircontribution towards creating industry benchmarks and building the brand to where itstands today. I would like to thank all the stakeholders for their continued support inachieving this feat for the company which I am confident of is only going to gain pacein the years to come.

With best wishes

Guruprasad T. Chandrashekaran

Whole-Time Director