EbixCash Appoints Eminent Accounting, Regulatory & Banking Sector Leader
NOIDA, India and JOHNS CREEK, Ga., June 07, 2021 (World NEWSWIRE) — EbixCash Private Limited, a subsidiary of Ebix, Inc. (NASDAQ: EBIX), a foremost intercontinental provider of On-Demand from customers application and E-commerce products and services to the insurance, economical, health care and e-understanding industries nowadays introduced the appointment of Mr. S Ravi, as a new independent director to the EbixCash Board. Ravi brings a huge repertoire of practical experience across financial institutions, financial institutions, insurance policy providers, tourism industry, inventory exchanges and asset management locations – owning held Board positions in eminent corporations across these sectors.
Ravi is presently serving as the Chairman and Director of Tourism Finance Corporation of India Ltd. – the premier govt owned economical Establishment, set-up to market tourism in India. He also presently serves on the boards of Aditya Birla Overall health Insurance plan Business Ltd., Star Union Dai-ichi Life Insurance plan Firm Ltd., Aditya Birla ARC Ltd., IIFL Asset Administration Ltd. and SBI Payment Solutions Pvt. Ltd.
His loaded knowledge contains acquiring served as the Chairman of Bombay Inventory Exchange – BSE Ltd and as the Chairman of UTI Trustee Corporation Pvt Ltd, one of India’s most significant mutual resources. He has served on the boards of around 40 top institutions in India, like insurance plan corporations, a quantity of community sector banking companies and general public sector enterprises this kind of as UCO Bank, Union Financial institution, Hindustan Aeronautics Ltd., BHEL and SBI – SG World wide Securities Solutions Pvt Ltd. He was also appointed by Federal government of India and Reserve Financial institution of India (RBI) as Chairman of the Specialized Experts Committee for Punjab & Sind Bank’s strategic turnaround.
Ravi was nominated as member of the Takeover panel of the Security & Exchange Board of India (SEBI), aside from serving on its Mutual Fund Advisory Committee. Ravi has also served on India’s Coverage Regulatory Development Authority (IRDA) as a member of its Insurance Advisory Committee. He is a member of BusinessWorld’s Jury for Pageant of FinTech 2021 and served as a jury member on the Institute of Chartered Accountants of India workforce, that picked the Award for Excellence in Financial Reporting for the 12 months 2012-13.
S Ravi claimed, “EbixCash has built a world wide existence today with clientele in 44 international locations and a major presence in India in numerous money technology segments. EbixCash has also turn out to be a bellwether in the remittance, foreign trade and revenue transaction space. I am incredibly happy to be part of the board of Ebixcash and to be a element of their journey in India.”
“Ravi has a deep knowledge of the sectors in which EbixCash operates, designed from his tenures at several banking companies, financial institutions, regulated economical intermidiaries and insurance plan corporations, his wide regulatory knowledge at IRDA, SEBI and RBI and his working experience as a chartered accountant.” Robin Raina, Chairman, President & CEO Ebix Inc, claimed. “As the Chairman of Tourism Finance Corporation of India, he also has a extensive knowing of the vacation market. All of these characteristics are exceptionally valuable to his role on the EbixCash Board as we chart our up coming cycle of advancement and progress in the direction of the prospective IPO.”
Ravi is the Founder and Running Associate of Ravi Rajan & Co. LLP, a chartered accountancy organization specialising in Forensic Audits, Audits & Assurance, Insolvency Assignments and Transform all over Approaches, Valuations and Regulatory Compliance Advisory.
The latest EbixCash Bulletins –
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Very last 7 days, the Enterprise declared the appointment of Former Main Economist/ Previous Director of the Division of Financial and Threat Investigation at the US Securities and Trade Fee and MIT Sloan Faculty of Administration Economist and Professor SP Kothari to the EbixCash Board.
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A fortnight back, the Corporation announced the appointment of Grant Thornton India’s audit affiliate, alongside with KG Somani & Co as the joint statutory auditors for EbixCash. KGS is a single of India’s very revered countrywide audit firms when Grant Thornton is one of the six biggest audit companies internationally.
About EbixCash
EbixCash is a leader in domestic and global money remittance, international trade (Fx), journey, pre-compensated and gift cards, utility payments and software package solutions for lending, prosperity management, bus exchanges and insurance policy in India and other marketplaces. EbixCash’s “Phygital” method brings together more than 320,000 actual physical distribution shops in India and ASEAN countries with an Omni-channel on the web electronic system. EbixCash ’s Fx operations have a management situation in India with functions in 20 global airports, including Delhi, Mumbai, Mumbai, Hyderabad, Chennai and Kolkata, conducting about $4.8 billion in gross transaction worth for every calendar year (pre-COVID-19). EbixCash’s inward remittance small business is the clear marketplace leader in India, processing about $5 billion in gross yearly remittance volume (pre-COVID-19). As a result of its vacation portfolio of By way of and Mercury, EbixCash is also 1 of Southeast Asia’s main journey exchanges with about 200,000 agents, 25 branches and above 9,800 company consumers, processing an estimated $2.5 billion in gross goods worth for every yr (pre-COVID-19). For a lot more details, visit the Company’s web site at www.ebixcash.com
About Ebix, Inc.
With 150+ places of work throughout 6 continents, Ebix, Inc., (NASDAQ: EBIX) endeavors to supply On-Demand from customers software package and E-commerce products and services to the coverage, fiscal, health care and e-finding out industries. In the Insurance policies sector, Ebix develops and deploys a large wide variety of insurance policy and reinsurance exchanges on an on-demand from customers foundation, while also, furnishing Software package-as-a-Assistance (“SaaS”) business answers in the region of CRM, entrance-conclude & back again-end programs, outsourced administration and threat compliance products and services, all around the environment.
The Company’s EbixCash Money exchange subsidiary is a chief in domestic and international revenue remittance, international trade (Forex), vacation, pre-paid/present playing cards, utility payments, program remedies for lending, wealth management, bus exchanges and insurance in India and other markets. Ebix and its subsidiaries hire thousands of domain-precise engineering experts to present merchandise, assistance and consultancy to 1000’s of prospects on 6 continents. For far more information and facts, go to the Company’s internet site at www.ebix.com
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