Established in the year 2002, EbixCash Limited has been dedicated to providing a wide array of digital products and services across various segments, including B2C, B2B, and financial technology. They have adopted an integrated business model to serve their clientele effectively.
EbixCash offers a front-end focus on services such as domestic and international money remittance, foreign exchange (Forex), pre-paid gift cards, utility payments, Aadhaar Enabled Payment Services (AEPS), point-of-sale (PoS) services, and ticketing services. On the flip side, they provide back-end solutions in the form of Software as a Service (SaaS) and self-hosted solutions for the financial sector. This includes support for lending and wealth management operations, bus exchange technology, insurance, and healthcare technology.
In addition to these financial services, EbixCash Limited extends its expertise to the realm of business process outsourcing (BPO) call center services. They serve companies in various industries, including financial services, insurance, telecommunications, and travel, offering assistance with sales and customer support functions.
EbixCash operates through four primary business segments, which encompass payment solutions, travel services, financial technologies, and business processing outsourcing (BPO) services. They are also actively involved in start-up initiatives.
Notably, EbixCash boasts a vast network comprising more than 650,000 physical distribution outlets, complemented by a versatile online digital platform. Their clientele spans across India, reaching over 4,000 cities and 75,000 villages. Furthermore, they have expanded their reach internationally, with a presence in more than 75 jurisdictions. In October 2020, EbixCash made a significant acquisition by taking over AssureEdge Global Services Private Limited, which is now known as EbixCash Global Services Private Limited. This strategic move added 800 employees to their workforce. By December 31, 2021, the company had substantially grown its BPO business, boasting a team of over 2,850 employees and securing 21 new clients.
In terms of its workforce, EbixCash employs a dedicated team of over 10,431 professionals spread across its various sectors, and they operate from 196 offices throughout the Asia Pacific region.
The objectives of this issue are as follows:
Funding Working Capital Needs: The primary goal is to provide financial support for the working capital requirements of two subsidiaries, namely Ebix Travels Private Limited and EbixCash World Money Limited.
Redemption of Convertible Debentures: Another key purpose is to facilitate the redemption of outstanding compulsorily convertible debentures that were initially issued by specific subsidiaries. This includes both the principal amount and the payment of accrued interest on these debentures.
Supporting Strategic Ventures: Part of the proceeds will be allocated towards funding strategic acquisitions and investments. This signifies the company’s intention to pursue growth opportunities and expand its portfolio.
General Corporate Use: The remaining funds will be utilized for general corporate purposes, which may include day-to-day operational needs and other activities essential for the company’s ongoing business operations.
Naren is a finance graduate who is passionate about cryptocurrency and blockchain technology. He demonstrates his expertise in these subjects by writing for cryptoetf.in. Thanks to his finance background, he is able to write effectively about cryptocurrency.
