MeitY Startup Hub onboards MergerDomo to strengthen start-up ecosystem in India
Posted By - Corporate
Founded in 1947, the company is one of the pioneers in private money changing business. The company has emerged as one of the leading and most well respected Authorised Dealers Category II in foreign currencies in India. The Company serves various segments- Retail Individuals, Wholesale Bulk Currency Operators, and Corporates. The Company is one of the top 4 Authorized dealers to export currency notes having 21 branches across the country plus an online portal and more than 200 employees. Some of the key highlights include 1) The only company to get AD 2 License from RBI for 5 years. 2) Stable and Consistent operations for the past 70 years with a highly experienced management team. 3) Strong customer base having tie-ups with over 35+ Bank
Capital Requirement
INR 30 Cr
Justification
Strong branding having consistent performance with a legacy. Leading clients in Banks and Corporations
Funding Route
Private Equity, Strategic Investor
Extent Of Dilution
Upto 26 %
Share Holding Pattern
Promoter Group
100%
Non-Promoter Share Holder
0%
Reason For Raising Capital
Organic Growth
| 2017 (in Cr) | 2018 (in Cr) | 2019 (in Cr) | 2020 (in Cr) | ||
|---|---|---|---|---|---|
| Sales | N.D | INR 885.6 Cr | INR 775.2 Cr | N.D | |
| EBITDA | N.D | N.D | N.D | N.D | |
| PAT | N.D | N.D | N.D | N.D | |
| TOTAL DEBT | N.D | N.D | N.D | N.D | |
If you are interested to connect with this party, please send an Expression of Interest and receive a pitch deck to take this opportunity further.
