Robin Raina-headed Ebix Inc. set up the local operations of EbixCash, its Indian subsidiary, in 2017
The company had revenues of ₹4,317 crore in 2020-21. EbixCash had a pre-Covid-19 GMV of $18 billion
EbixCash has spent $750 million in the past five years to acquire more than two dozen firms across payment solutions, forex and remittances, travel, technology, e-learning, logistics and business process outsourcing
Raina aims to build EbixCash into an Indian MNC. The conglomerate will have financial transactions covering forex, payments, remittances, insurance, technology, etc.
EbixCash is readying for an IPO. Based on its assumed revenue multiple, its market value could be in billions of dollars
SOURCE: COMPANY, REPORTS…
