WHOLE-TIME DIRECTOR'S MESSAGE
Dear Valued Shareholders,
As I put down these words, the world continues to recover from the biggest challenge of
financial, social and health crisis we may witness in our lifetime. The toll that COVID
-19 pandemic has taken is making economies plunge into a recession like never before.
While the return to any sort of normalcy rests solely on concerted efforts globally
towards vaccination of all, our journey till then is one of caution which follows mandated
protocols and common sense.
Having lived through economic crisis before, most of us have adapted and evolved as
individuals, organizations and as a country. I am sure, like we have risen and overcome
adversities in the past, we will overcome the COVID-19 catastrophe and while the next few
months are precarious and uncertain, it will favor organizations who reengineer, rebuild,
and recreate long term sustainable business growth models.
During this crisis EBIXCASH has been working towards consolidating infrastructure and
digitizing processes to prepare itself for future after pandemic wherein EbixCash World
Money has 14 counters available at Mumbai, Kochi and Hyderabad airport with 18 branches
across India. EbixCash group operate airport foreign exchange business which operate at
75+ counters pre covid scaled down to 39 counters across Delhi, Mumbai, Chennai and
Kolkata international airports along with 130+ branches in 69 cities scaled down to 55
cities with 77 branches and presence at 12 seaports conducting a total of $4.8 billion in
gross transaction value pre-covid and the inward remittance business of approx. $7.2
billion gross annual remittance pre COVID makes us the undisputed leadership position in
India
The infusion of new ideas, products and business processes has transformed the
organization setting it on a path of expansion and innovation, we will be introducing new
ways of doing business that will give us a distinct identity and allow us to consistently
achieve and maintain an edge with regards to our research, innovation and progress.
On behalf of the Board of Directors, I am pleased to share that for FY21, the Company
earned net profit of Rs. 4,077.81 Lakhs as compared to profit of Rs. 3,919.05 Lakhs in FY
2020. However, the total income of the Company is Rs.1,13,683.32 Lakhs as compared to FY
2021 total income of Rs.5,91,581.4 Lakhs .
I would like to take this opportunity to thank the members of the Board and the
Management for their priceless insights, and the dedicated employees for their
contribution towards creating industry benchmarks and building the brand to where it
stands today.
I would like to thank all the stakeholders for their continued support in achieving
this feat for the company, which I am confident, is only going to gain pace in the years
to come.
With best wishes,
GURUPRASAD T. CHANDRASHEKARAN
WHOLE-TIME DIRECTOR
DIN:03413982