Transcorp International Ltd Company Summary

Transcorp International Limited was established in December, 1994. Company is having Authorized Dealer Category II License from Reserve Bank of India (RBI) and is authorized to undertake various permissible money changing transactions and outward remittance activities such as remittance for overseas education, medical treatment abroad, Emigration and Emigration consultancy fees and for other permissible purposes. Company is also having license from RBI for issuing and operating payment system for Pre- Paid Payment Instrument (PPI) in India and is authorized to issue and operate payment instruments.

The company holds perpetual PPI license.Company was started with the idea of making finances seamless. In year 2001-02, Wheels International Ltd a company dealing in travel & tours related activities got merged in it. During the year 2010, Company consolidated the operations in both wholesale as well as retail segment of foreign exchange business.

The network of branches opened increased tremendously which gave Company a competitive strength in the market. In 2010-11, the Company acquired two wholly owned subsidiaries viz., Transcorp Estates Private Limited and Ritco Travels and Tours Private Limited. it transferred some immovable assets, investments in shares and some security deposits to Transcorp Estates Private Limited on 1st October 2010.

In 2015-16, the Company was licensed from Reserve Bank of India (RBI) to undertake various permissible outward remittance activities such as remittance for overseas education, medical treatment abroad, Emigration and Emigration consultancy fees and for other permissible purposes. It further licensed to operate the Money Transfer Services System (MTSS) by the RBI and carries on the business of Money Transfer as a principal agent of Western Union. During the year 2017-18, it sold MTSS business in India to Ebix Money Express Private Limited (EMEPL) which resultant, started operating as the sub-agent of EMEPL for MTSS business.In 2025, total business volume of the FID business crossed Rs.

3000 crores which mainly comprised of deposits, withdrawals and money transfer by SBI customers. The Company has also partnered with Bajaj Allianz, IFFCO-Tokio and Care Health Insurance Companies for building the Travel, Health and Motor Insurance business.Scheme of arrangement between the Company, Ranscorp Estates Private Limited, Transwire Forex Limited, Transcorp Payments Limited and their respective shareholders and creditors is pending with Reserve Bank of India FED Department to obtain NoC/Clearance from the principal regulator i.e., for demerger of business which has license from Reserve Bank of India. The company is in process of the obtaining NoC/Clearance from Reserve Bank of India.