Wednesday, Oct 06, 2004
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By Our Staff Correspondent
MUMBAI, OCT. 5. Travelex, the leading global foreign exchange specialist, present in India through Travelex India, has announced that it plans to double its turnover to Rs. 2,000 crores in the coming year. "During the last fiscal year, Travelex India posted a turnover of Rs. 1,000 crores. We expect to double this during the coming year by bringing forward our investment plan for future growth in this region. We see India as a strategic financial hub for our South Asia growth strategy," said Yogesh Shetty, Global Director, Commercial Foreign Exchange and Managing Director, South Asia. Since its launch of India operations in October 2003, the company has also expanded its regional presence by launching operations in Sri Lanka earlier this year.
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