Established on October 9, 1985, Delphi World Money Limited, erstwhile known as EbixCash World Money India Ltd, a subsidiary of EbixCash World Money Limited, is a leading Foreign Exchange Services Company based out of Mumbai, India. Formerly known as Weizmann Forex Limited, the Company was acquired by EbixCash World Money Limited in 2019 and was renamed to EbixCash World Money India Ltd w.e.f. 1st January, 2020 and to 'Delphi World Money Limited' w.e.f. 09th August, 2021.
The Company is a Registered Authorized Dealer Category II licensed by the Reserve Bank of India to provide the various services relating to money changing and is one of the principal representatives of Western Union Financial services, USA for money transfer services. It offer innovative, customized, and integrated financial solutions, relating to Foreign Exchange Services, Outward & Inward Remittances, Prepaid Cards, Gift Cards, and Travel Insurance needs of our corporate and retail clients.
The Company established their own branches of over 165 plus, about 260 extension counters exclusively for Western Union Money Transfer and has tied up with 6000 entities including public sector and private sector banks, NBFCs, large corporations as sub-representatives.
The company is a marketing agent for co-branded Citibank World Money card (CWM) issued by Citibank and Travel Money Card issued by Axis Bank Ltd.
The company has one subsidiary company, namely Vedang Tours and Travels Ltd and one joint ventur ...e company namely, Horizon Remit SDN BHD, Malaysia. The joint venture company is an agent of Western Union Network (Ireland) Ltd.
The Company embarked on a restructuring exercise involving merger of two subsidiaries of Weizmann Ltd into Weizmann Ltd & demerger of two Business Undertakings from Weizmann Ltd into two resultant companies vide a Composite Scheme of Arrangement.
As per the Scheme of Arrangement, the Forex Business Undertaking of Weizmann Limited was transferred & vested into Chanakya Holdings Limited effective from April 1, 2010. As per said Scheme, the Company name was changed from Chanakya Holdings Limited to Weizmann Forex Limited effective December 29, 2010. Pursuant to the Scheme, Company issued 1,15,14,357 equity shares of Rs. 10 each to shareholders of Weizmann Limited, vide allotment dated 16.12.2010. Post allotment, Company listed its equity share capital on Bombay Stock Exchange Limited (BSE) and National Stock Exchange of India Limited (NSE) with effect from June 28, 2011.
In 2010-11, the company invested in a joint venture company, Horizon Remit SDN BHD, Malaysia, which is engaged in business of Money transfer both outward and inward in Malaysia.
In 2023, Ebix Group has acquired a number of money transfer businesses and money changing businesses apart from travel and software related entities. The Company has over 60,000 network locations and has tie up with all the leading overseas money
transfer players like Western Union, MoneyGram, Ria Financial Services, UAE Exchange and Transfast.
FAQs on Delphi World Money Ltd
1. Can I buy Delphi World Money Ltd from PL Capital? ›
Yes, you can invest in Delphi World Money Ltd shares directly through PL Capital. Our platform provides a seamless and secure way to buy, hold, and track Delphi World Money Ltd stock along with other leading companies listed on the NSE and BSE. Simply open a Demat and trading account with PL Capital, and you’ll be able to trade Delphi World Money Ltd as well as diversify your portfolio across equities, mutual funds, IPOs, and more.
2. Does Delphi World Money Ltd pay dividends? ›
Delphi World Money Ltd does not currently pay dividends. Investors in this case primarily benefit from capital appreciation, where the value of the stock may rise over time depending on business growth and market conditions.
3. What is the current share price of Delphi World Money Ltd ? ›
As of
01-Jan-1980 , 00:00:00 the share price for Delphi World Money Ltd. is ₹ 227.06 on the NSE (Note: Prices are dynamic and update frequently during market hours).
4. What is the 52-week high and low of Delphi World Money Ltd ? ›
The 52-week high and low of Delphi World Money Ltd share price is ₹ - ₹ as of
01-Jan-1980 , 00:00:00 .
