Mumbai, India & Johns Creek, GA – August 10, 2016 – Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, announced that Robin Raina, its Chairman, CEO and President, rang the opening bell today at the Bombay Stock Exchange (BSE), underscoring the company’s commitment to the expansion plans in the Indian market.
BSE Managing Director and CEO, Ashish Kumar Chauhan, welcomed Mr. Raina to the oldest stock exchange in Asia as Mr. Raina lit the welcome lamp and rang the opening bell to start trading.
The event acknowledges Ebix's commitment to invest in India and endorses the Company’s vision of supporting the Indian government's efforts to deploy state of the art technology for the betterment of education and healthcare in the country. The ceremony was also an acknowledgement of Mr. Raina’s philanthropic efforts over the last two decades to improve the lives of the underprivileged in India.
Speaking on this occasion Mr. Ashishkumar Chauhan, MD & CEO, BSE said “It was a pleasure to host Mr. Robin Raina, Chairman & CEO Ebix Inc along with Mr Rakesh Shukla, Member, Team Hon’ble Narendra Modi, Prime Minister of India for the opening bell at BSE. BSE is Asia’s first stock exchange and now world’s fastest exchange with the speed of 6 microseconds. BSE world’s largest stock exchange in terms of numbers of companies listed and Ebix is a leading international supplier of On-Demand software and E-commerce services to the insurance, financial and healthcare industries.”
Mr. Raina commented, "The expansion of Ebix’s presence in India and the recent formation of two joint ventures with Indian companies illustrates our commitment to invest in India and be one of the leaders in the field of e-health, e-learning, e-governance and insurance. India is one of the fastest growing economies in the world, and it is important that Ebix take a strong presence in India, which today has the youngest and largest Internet-savvy middle class in the world. We see the Indian Government being one of the largest buyers of technology in the world over the next decade and thus want to play a role in shaping and implementing the Government’s vision to build a digital India.”
Recently, Ebix took many steps to expand its Indian operations that are already approximately 2,000 employees strong, while forming two joint ventures and pursuing opportunities in the sectors of healthcare, e-governance and education. Even as he guides the vision for Ebix’s growth in India, Robin Raina is also busy building homes for the homeless in India. The Robin Raina Foundation (RRF), a charitable organization, is building 6,000 free homes for slum dwellers in Delhi, India, without any financial support from the Government or any other agency.
The RRF is also supporting the education of thousands of under-privileged kids across the country through schools where education, medical care, mid-day meals and clothing are provided free of cost. The foundation also supports all underprivileged kids passing out of the Blind Relief Association School in Delhi, through funding and support to enroll them through Bachelors and Masters programs in top Delhi schools like St. Stephens, Hindu College, Ramjas College, Delhi University, etc.
A leading international supplier of On-Demand software and E-commerce services to the insurance, financial, e-governance and healthcare industries, Ebix, Inc. provides end-to-end on-Demand solutions ranging from infrastructure exchanges, front end & back end enterprise systems, outsourced administrative & custom software development solutions, and risk compliance solutions for various entities involved in these industries.
With 40+ offices across Australia, Brazil, Canada, India, New Zealand, Singapore, the US and the UK, Ebix powers multiple exchanges across the world in the field of life, annuity, health and property & casualty insurance while conducting in excess of $100 billion in insurance premiums annually on its platforms. Through its various SaaS-based software platforms, Ebix employs hundreds of domain specific business and technology professionals to provide products, support and consultancy to thousands of customers on six continents. For more information, visit the Company’s website at www.ebix.com
Darren Joseph
678 -281-2027 or IR@ebix.com
David Collins or Chris Eddy
Catalyst Global - 212-924-9800 or ebix@catalyst-ir.com