EbixCash Announces Appointment of Renowned Economist SP Kothari to Its Board of Directors
NOIDA, India and JOHNS CREEK, Ga., June 01, 2021 (World NEWSWIRE) — EbixCash Private Constrained, a subsidiary of Ebix, Inc. (NASDAQ: EBIX), a major intercontinental supplier of On-Need program and E-commerce providers to the coverage, money, healthcare and e-studying industries right now announced the appointment of Mr. SP Kothari, as a new impartial director to the EbixCash Board. Professor Kothari has senior government encounter in federal government, academia, and sector with experience in strategic and plan troubles, securities regulation, auditing, and corporate governance.
S.P. Kothari is Gordon Y Billard Professor of Accounting and Finance at MIT’s Sloan University of Management. Most lately, from 2019 to 2021 he served as Chief Economist and Director of the Division of Economic and Chance Analysis at the US Securities and Exchange Fee.
In academia, Kothari was deputy dean of MIT Sloan College of Administration (2010-15), and previously he headed the Office of Economics, Finance and Accounting at MIT. In addition, he Co-Chaired the Board of Governors of Asia School of Enterprise, Kuala Lumpur, served as college director of the MIT-India Program, and edited the world-renowned educational publication Journal of Accounting & Economics.
In 2008-09, Kothari was global head of fairness study for Barclays Worldwide Investors (obtained by BlackRock) he was a director of Bombay Inventory Exchange (BSE) (2015-19) and he has consulted thoroughly on valuation and reporting, chance administration, auditing, and administration payment.
Kothari is a receiver of a lot of awards for his scholarship, like 1 of India’s optimum civilian honors – the Padma Shri award in 2020, Honorary Doctorates from London Business University, University of Cyprus, and University of Engineering, Sydney, and American Accounting Association’s Distinguished Contributions to the Accounting Literature award.
SP Kothari mentioned, “I am grateful for the honor of serving as a director of EbixCash that promises to transform the monetary & insurance policies company sectors, and the leisure and health care sector by presenting seamless connectivity and ease of accessibility to hundreds of thousands of consumers. The resulting productiveness gains are essential for the expansion of nationwide and specific incomes.”
“SP brings a wealthy mix of management degree regulatory, accounting, strategic, and corporate governance working experience throughout the market, authorities and academic sectors to the Board. We are enthusiastic to have him on the EbixCash Board.” Robin Raina, Chairman, President & CEO Ebix Inc, reported. “His encounter and competencies will offer us with the strategic guidance and direction that EbixCash demands as we embark on the upcoming cycle of progress and a prospective IPO for EbixCash.”
Kothari obtained his B.S. in Engineering from the Birla Institute of Know-how & Science and his MBA (PGDM) from the Indian Institute of Administration, Ahmedabad. Dr. Kothari gained his PhD from the College of Iowa.
About EbixCash and Ebix, Inc.
With 150+ workplaces throughout 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to offer On-Demand from customers software program and E-commerce services to the insurance policy, financial, healthcare and e-mastering industries. In the Coverage sector, Ebix develops and deploys a vast wide range of insurance plan and reinsurance exchanges on an on-demand from customers foundation, even though also, providing Program-as-a-Assistance (“SaaS”) organization remedies in the region of CRM, front-stop & back-end devices, outsourced administration and risk compliance products and services, around the planet.
With a “Phygital” approach that brings together about 320,000 actual physical distribution retailers in India and Association of Southeast Asian Nations (“ASEAN”) nations, to an Omni-channel on the net electronic platform, the Company’s EbixCash Economical exchange portfolio encompasses management in the parts of domestic and worldwide funds remittance, overseas trade (Forex), journey, pre-paid & present cards, utility payments, computer software remedies for lending, wealth management, journey, bus exchanges and insurance in India and other markets. EbixCash’s Forex functions have emerged as a leader in India’s airport Overseas Exchange enterprise with functions in 20 international airports, like Delhi, Mumbai, Mumbai, Hyderabad, Chennai and Kolkata, combined conducting around $4.8 billion in gross transaction worth for each calendar year (pre-COVID-19). EbixCash’s inward remittance organization in India procedures close to $5 billion in gross annual remittance quantity (pre-COVID-19) and is the apparent industry leader. EbixCash, through its journey portfolio of By means of and Mercury, is also a single of Southeast Asia’s main journey exchanges with over 200,000 brokers, 25 branches and more than 9,800 company shoppers, put together processing an approximated $2.5 billion in gross goods value for each calendar year (pre-COVID-19).
As a result of its numerous SaaS-dependent software program platforms, Ebix employs hundreds of area-distinct engineering specialists to provide products, aid and consultancy to thousands of customers on 6 continents. For additional details, stop by the Company’s web site at www.ebix.com.
Call:
Darren Joseph
678 -281-2027 or [email protected]
David Collins or Chris Eddy
Catalyst Worldwide – 212-924-9800 or [email protected]
