What we do Transcorp International Limited provides foreign exchange, outward remittance services, prepaid payment instruments, and financial inclusion services under RBI licenses in India. |
Founded in 1,994 |
Market share Holding a significant position as a Category II Authorized Dealer and PPI license holder with over 40 lakh payment instruments issued. |
Problem solved Facilitates seamless foreign exchange, cross-border payments, and financial inclusion, addressing needs for overseas education, medical remittance, and rural banking. |
Top clients or who we serve Serves retail customers, SBI banking network, and partners with Bajaj Allianz, IFFCO-Tokio, Care Health Insurance; B2C and B2B focus. |
Key management - |
Our journey and innovations Established in 1994; merged travel business in 2001; expanded forex and remittance services; pioneered RBI sandbox approved offline digital payments. |
Where we operate Primarily India with services linked to overseas remittances and partnerships with global networks like Western Union. |
Top products or what we offer Foreign exchange, outward remittance, prepaid payment instruments (PPIs), travel & health insurance, and financial inclusion banking services. |
Top brands Transcorp Forex services, PPI payment instruments with 5 million issued, and Financial Inclusion Division partnering with SBI and insurance firms. |
Raw materials needed - |
Raw materials supplier - |
Recurring vs cyclical contribution Revenue largely recurring from prepaid instrument transactions and financial inclusion, with cyclical contributions in travel and forex segments. |
Our industry position Established player in forex and prepaid payments, recognized for RBI licenses and market presence in financial inclusion and remittance segments. |
Financial highlights FY 2024-25 standalone revenue Rs. 1425.3 crore; profit before tax Rs. 3.56 crore; transaction volumes and prepaid instruments grew over 500%. |
Geographical revenue split Revenue primarily from Indian domestic operations with RBI-regulated services; remittance flows supporting foreign exchange segments. |
Order book - |
Whats driving growth Regulatory approvals for fintech products, strategic partnerships with NPCI and RBI, and expansion of prepaid payment instruments and financial inclusion points. |
Our future plans Demerger approval underway with RBI; focus on scaling PPI business, enhancing digital offline payments and financial inclusion outreach. |
Our green promise - |
Our people and values Employs 212 staff with emphasis on governance, transparency, and inclusive workplace culture aligned with regulatory compliance. |
Key challenges ahead Pending RBI approvals for reorganization; regulatory scrutiny on past MTSS business; competition in digital payments landscape. |
Interesting facts Completed RBI fintech sandbox first for offline digital payments using Distributed Ledger Technology; fastest issuance of 1 million PPIs in company history. |
Risks and strategy Managing compliance with RBI regulations and litigation risks while focusing on innovation-driven growth through licensing and partnerships. |
