What we do Delphi World Money Ltd provides foreign exchange and money transfer services, with a large network including banks and global remittance partners. |
Founded in 1,985 |
Market share Leading foreign exchange services company with over 60,000 network locations and partnerships with major remittance providers like Western Union and MoneyGram. |
Problem solved Facilitates reliable, customized foreign exchange, remittances, prepaid cards, and travel insurance, addressing corporate and retail client needs for seamless money transfer and currency solutions. |
Top clients or who we serve Serves corporate and retail clients with strong ties to banks, NBFCs and global remittance players; operates in B2B and B2C segments. |
Key management - |
Our journey and innovations Renamed and restructured post multiple mergers, acquired by EbixCash in 2019, expanded JV in Malaysia, and extensive network tie-ups in remittance sector. |
Where we operate Primarily India with international operations via joint venture in Malaysia and global remittance network partners. |
Top products or what we offer Foreign exchange services, outward/inward remittances, prepaid and gift cards, travel insurance, and money transfer through Western Union and others. |
Top brands Western Union Money Transfer (#1 remittance partner), Citibank World Money card, Axis Bank Travel Money Card; 60,000+ locations nationwide. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue primarily from transactional services, thus variable with travel and remittance demand but supported by recurring tie-ups. |
Our industry position Among the top foreign exchange service providers in India with strong partnerships and vast distribution network, solidifying market leadership. |
Financial highlights FY 2024-25 revenue INR 174.14 crore; PAT INR 1.96 crore; previous year revenue was INR 288.7 crore and PAT INR 15.19 crore, showing earnings moderation. |
Geographical revenue split - |
Order book - |
Whats driving growth Growth driven by expanded remittance partnerships, increased network outlets, and diversification into prepaid and corporate forex solutions. |
Our future plans Focus on strengthening remittance network, digital integration, and expanding corporate client base to capture growing forex market. |
Our green promise - |
Our people and values Committed workforce emphasizing ethical conduct, diversity, and compliance with workplace safety and harassment prevention policies. |
Key challenges ahead Volatility in foreign exchange markets, regulatory changes, and competitive pressures in the remittance and prepaid card segments. |
Interesting facts Operates 165+ branches and 260 extension counters for Western Union; part of Ebix Group’s large remittance and travel services ecosystem. |
Risks and strategy Manages market risk via internal controls and compliance; mitigation includes expanding partnerships and technology upgrades to stay competitive. |
