NOIDA and JOHNS CREEK, April 28, 2022 (GLOBE NEWSWIRE) -- EbixCash Limited, a technology enabled provider of digital products and services in the B2C, B2B and financial technology arena, through an integrated business model, today announced that its Chairman Robin Raina was recently felicitated by The Economic Times amongst the "Most Promising Business Leaders of the Asia Award 2021-22".
The sixth edition of the Economic Times Most Promising Business Leaders of Asia 2021- 22 showcased business leaders, visionaries, and stakeholders who displayed incredible resilience inspiring their organizations and beyond. During these challenging times, their leadership transcended corporate success stories and supported communities in which they operate resulting in economic, social, and cultural impact. This event was aimed at recognizing eminent business leaders and trailblazers, who have made a mark by unlocking the business potentials and economies to outmaneuver the pandemic. The platform brought together Asian leaders on one common platform, to share their ideas and vision for a unified Asia to grow together towards wider global impact.
Making the announcement, the Economic Times said, “The Economic Times is proud to acknowledge the business leaders of Asia who have played an instrumental role in making Asia the business epicenter of the world. Mr. Robin Raina is one of the prime examples of excellent leadership and inspiration today.”
EbixCash Chairman Robin Raina said, “It’s an exciting time to be a business player in India’s financial industry. We see an opportunity to pioneer and introduce end-to-end financial exchanges in the country. The EbixCash journey in India has been completely focused on that endeavor.”
EbixCash is a subsidiary of Ebix, Inc. (NASDAQ:EBIX), with a leadership position in key businesses that it operates in, with a “phygital” strategy that combines over 650,000 physical agent distribution outlets throughout India and Southeast Asia as of December 31, 2021; with a Omni-channel online digital platform that offers its products and services encompassing domestic and international money remittance, foreign exchange (Forex), pre-paid gift cards, utility payments, travel services, and technologies across insurance, bus information systems, lending and wealth management in 75+ countries.
The Economic Times - Most Promising Business Leaders of Asia 2022, is a special Initiative by ET Edge a part of the Times of India Group. The initiative recognizes business leaders who made a difference amidst these challenging times showing incredible resilience and inspiring their organizations. With the promise of a new brand of leaders emerging from the rising nations of Asia, the future of the continent looks very exciting. The Economic Times is proud to acknowledge business leaders of Asia, who are going to play an important part in shaping the business demographics of not just Asia, but also the world in the very near future.
With a "Phygital” strategy that combines over 650,000 physical agent distribution outlets throughout India and Southeast Asia as of December 31, 2021, to an Omni-channel online digital platform, the Company’s Financial exchange portfolio of software and services encompasses domestic and international money remittance, foreign exchange (Forex), pre-paid gift cards, utility payments, travel services and technologies for insurance, bus information systems, lending and wealth management across 75+ countries including India. EbixCash has Forex operations in approximately 16 international airports, including Delhi, Mumbai, Mumbai, Hyderabad, Chennai and Kolkata. EbixCash is a leader in the international remittance business based on gross transactional value. EbixCash, through its travel portfolio (Via.com and EbixCash.com), is one of the leading travel exchanges based in India and catering to Southeast Asian markets, with over 517,000 agents and approximately 17,900 registered corporate clients. EbixCash's financial technologies business offers software solutions to various clients in the areas of wealth, asset and lending management, insurance and bus information systems. EbixCash's business process outsourcing services provide information technology and call center services to a variety of industries. For more information, visit the Company’s website at www.ebixcash.com
EbixCash Limited is proposing, subject to receipt of requisite approvals, market conditions and other considerations, to make an initial public offer of its equity shares and has filed a draft red herring prospectus (“DRHP”) with the Securities and Exchange Board of India. The DRHP is available on the website of the SEBI at www.sebi.gov.in as well as on the websites of the book running lead managers, Motilal Oswal Investment Advisors Limited at www.motilaloswalgroup.com, Equirus Capital Private Limited at www.equirus.com, ICICI Securities Limited at www.icicisecurities.com, SBI Capital Markets Limited at www.sbicaps.com and YES Securities (India) Limited at www.yesinvest.in, respectively, and the websites of the stock exchange(s) at www.bseindia.com and www.nseindia.com, respectively. Investors should note that investment in equity shares involves a high degree of risk and for details relating to such risk, see "Risk Factors" of the RHP, when available. Potential investors should not rely on the DRHP for any investment decision.
With approximately 200 offices across 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to provide on-demand software and e-commerce services to the insurance, financial services, travel, healthcare and e-learning industries. In the Insurance sector, Ebix’s main focus is to develop and deploy a wide variety of insurance and reinsurance exchanges on an on-demand basis, while also, providing Software-as-a-Service ("SaaS") enterprise solutions in the area of CRM, front-end & back-end systems, outsourced administration and risk compliance services, around the world.
Through its various SaaS-based software platforms, Ebix employs thousands of domain-specific 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, Chris Eddy
Catalyst Global - 212-924-9800 or ebix@catalyst-ir.com