Prithvi Exchange Announces Quarterly Results, Expansion Plans, Interim Dividend, and Future Outlook

Chennai, February 14, 2025: Prithvi Exchange (India) Limited, a leading player in the foreign exchange and remittance industry, has announced its financial results for the Q3 FY24-25.

The company will now focus on its expansion plans, and a commitment to delivering enhanced financial services despite facing business challenges. While the company faced challenges, its robust revenue performance underscores its ability to capture market opportunities and sustain business growth.

Commenting on the quarterly results, Mr. Pavan Kavad, Managing Director of Prithvi Exchange, said: “In line with our commitment to shareholders, we have declared a dividend of 10% reinforcing the long-term vision for growth and stability thereby rewarding investors confidence in the company. While profitability remains a focus area, our continued expansion, digital transformation, and customer-first approach will drive long-term value for stakeholders.”

With India’s outbound travel, education remittances, and corporate forex transactions witnessing an upward trend, Prithvi Exchange is strategically positioned to cater to this growing demand. The company aims to capitalize on emerging market trends amid the regulatory developments, and the increasing shift towards digital forex transactions.

As part of its long-term growth vision, Prithvi Exchange is exploring diversification of business activities and venture into corporate travel and other related segments. The company also plans to open 10-15 new branches over the next two years, with a capex investment of over ₹5 crores. Additionally, it is working on launching forex cards with advanced tech integration that will offer state of art product and enhanced security features.

Sharing insights on the company’s future plans, Mr. Pavan Kavad added:
“We are entering a new phase of growth where we are not only expanding our physical footprint but also enhancing our digital offerings. Our upcoming forex card, along with our plans to strengthen our corporate travel forex solutions, will further reinforce our leadership in the market. While revenue growth remains a key priority, we are confident that our strategic investments will drive sustainable growth in the coming years.”