Business Overview
- Delhi-based IATA-approved travel agency and RBI-authorised money exchange company that has been operational for over 17 years.
- Have more than 540 corporate clients and dealing with them for 15 years.
- Associated with Thomas Cook for forex prepaid cards and RBL for INR-based cards.
- Top seller of AMEX travellers' cheques and ICICI forex prepaid cards.
- We have applied for an AD II license but was rejected by the RBI so we have filed a case in the high court for the same.
- Have 5 properties. Rent from the Noida office is INR 1.35 lakh per month for a 9-year lease with a Korean logistic company (the office is fully furnished).
- Company generates INR 40 lakh per annum from FDs and rental income. It is increasing every quarter.
- We generate equal revenue from travel services and currency exchange with additional income from rentals.
- Our registered office in Nehru Place is in the heart of the city.
- Business is headquartered in Delhi with a branch office in Noida.
Products & Services Overview
Foreign currency.
Foreign currency prepaid cards.
INR based prepaid cards.
Overseas remittances.
International and domestic air tickets booking.
A white label website.
Visa and passport services.
Hotel, tours booking.
All travel-related services.
Capitalization Overview
- Business has no loans.
- Company has 2 directors and the majority of shares are owned by one director.
Assets Overview
- 5 real estate properties and buildings in Delhi NCR.
- Fixed deposits with bank at an average interest of 7.375% per annum with an annual yield of 10.75%
- IATA stocks worth INR 25 lakh.
- Fully furnished office spaces with all electronics, Godrej safes (2 big & 1 medium)
- Successfully running business legacy of 17 years.
- Running website.
- White label running website.
- AD II category license applied (Have sub judice case in Delhi high court against RBI for grant of license).
Full Sale
Asking Price:
USD
1.7 million
(Native Currency: INR 140,000,000)
Reason:
Promoter has 2 daughters (12 & 10 years) none of them are interested in this business. Moreover havi...
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Includes physical assets worth
USD
800 thousand
Interested to connect with advisors
In talks with 3 Investors
Contact Business