Apr 30, · VKC currently has 54 branches across India and is looking to expand its network to 70 branches by the end of this fiscal and by Essel Finance is India’s leading private sector financial services company providing range of financial services like home loans, Forex, private equity etc Essel Forex offers a variety of forex products like Forex card, Travel Insurance, remittance to meet your personal and business travels around the world. Oct 11, · D&B Hoovers provides sales leads and sales intelligence data on over million companies like ESSEL FOREX LIMITED and Finance & Insurance Sector contacts in Chennai, Tamil Nadu, India and around the world. Our data undergoes extensive quality assurance testing with over 2, discrete checks for validity and cooliup0ti.gqon: 40/12, Jeyamkondar ApartmentsUnit 1-B, Murray's Gate Road, Chennai, , TN.
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By MV Ramsurya. The Rs crore unlisted company is also talking to private equity groups keen on entering the fast-growing world of Indian forex awaiting triggers such as full convertibility for the rupee and an open banking sector tentatively scheduled by The Indian forex market is a high-volume, low-margin segment with limited players who are given licence by the Federation of Forex Dealers Association of India. There is also Vkc forex branches in india group of players who are in the forex advisory business — assisting clients in their foreign exchange operations.
A large portion of the earnings by companies in software and automobile industries is in dollars which calls for expert handling. Typically, most companies hire companies to handle these operations, Vkc forex branches in india. VKC Credit works on exchange earners foreign currency swaps with companies, whose earnings are primarily in dollars.
It has a strong presence in south India. Industry sources said that while the advisory space was small and structured, the sector could see a lot of action once the government introduces full convertibility for the rupee.
VKC expects to boost its revenue to about Rs crore this fiscal, based on increased business from the growing software industry. A sharp exponential growth in the number of Indians travelling abroad combined with a relaxation of RBI guidelines on authorised dealers and full-fledged money changers have given a boost to full-fledged forex players to expand their network.
However, the business has also become intensely competitive, with banks like HDFC Bank and Centurion Bank of Punjab aggressively promoting their forex activities. Not making enough money in stocks? Click here for real-life stories of successful investors. Follow us on.
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Mar 23, · Started by two former State Bank of India senior executives - Managing director R Venkatasubramanian and Mr Nageswaran - VKC Credit currently has 67 branches across India and over employees. It has a strong presence in south India. Mr. K. P. Premnath is head of Internal Audit & Compliance. He has over 29 years’ experience in Foreign Exchange Industry. Prior to joining Essel VKC, he was working with India Cements Limited as a . Mar 09, · Bank dont give best forex exchange rate in cooliup0ti.gq India, they don’t even do that around the world. Bank earns by charging for their services, the more niche the demand the higher is the cost. Forex is not something everyone wants or can get and hence it is a niche segment for bank.