EbixCash World Money Inaugurates Its 100th Branch in Tiruvannamalai, Escalating Its Forex Footprint Across India

With the launch of its 100th branch in Tiruvannamalai, EbixCash World Money Limited, the foreign exchange and outward remittance division, has achieved a significant milestone. The new outlet location demonstrates the company's broader initiative to expand its presence across India, particularly in rapidly growing Tier-II and Tier-III cities, where demand for dependable, prompt forex services is rising.

The location is close to the well-known Arunachala Hills and the ancient Arunachaleswarar Temple, renowned for their profound spiritual significance. Hence, throughout the year, Tiruvannamalai draws a constant flow of pilgrims, international tourists, and students from around the world, making it an ideal location for increased foreign exchange and remittance services. Through this outlet, EbixCash World Money aims to support everyone, including foreign travellers, families sending money to overseas students, small- and medium-sized businesses, and large corporations. The branch will provide prepaid forex cards, currency exchange, foreign remittances, and other travel-related currency solutions – all backed by the company's robust digital platforms.

Dr Vikas Garg, the Chairman of Ebix Group and Vikas Group, says, “The inauguration of our 100th branch in Tiruvannamalai marks a significant milestone for our organisation. It reflects not only our growing capabilities but also the strength and momentum that will drive our future leadership. This achievement, powered by cutting-edge technology, reinforces our commitment to innovation, self-reliance, and delivering greater value to the communities we serve.”

The inauguration ceremony was adorned by the presence of the honourable Chief Guest, V. Satish Kumar (IPS), Assistant Superintendent of Police, Tiruvannamalai Town. Honourable Mr Kumar praised the company's efforts to increase access to technology-enabled and regulated forex services in developing Tier II cities like Tiruvannamalai.

EbixCash's CEO and Managing Director of Payment Solutions, T. C. Guruprasad, stated this reflection on the journey so far: "We are proud to have reached 100 branches. It demonstrates the faith that our clients have in us and the diligence with which our teams work each and every day. We had more than 170 branches nationwide prior to the pandemic. Like many other businesses, we too had difficult times during COVID-19; however, through our relentless efforts, today our robust recovery and growth demonstrate the increasing demand for secure, technologically advanced forex services. By establishing our 100th branch in a location like Tiruvannamalai, a city with a rich spiritual legacy and growing economic significance, we confirm our conviction that India's smaller cities will drive the country's future development.”

EbixCash World Money now operates 100 branches in 77 cities and 24 international airports across India. The launch of the new outlet in Tiruvannamalai demonstrates the company’s expanding network and its dedication to providing safe, effective, and technologically sophisticated forex services in high-potential markets. Further, it also solidifies its position as a leader in India's foreign exchange and cross-border remittance markets.

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