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FOREIGN EXCHANGE (FOREX)

Ice Multi Business Pvt. Ltd.

  • Area Req
    - Sq.ft
  • Investment Range
    INR Rs. 50 K - 2lac
  • Franchise Outlets
    Less than 10
Business Details

Ice Multi Business Pvt. Ltd. Brings franchise opportunity for you in travel sector!

The Company M/s Ice Multi Business Pvt. Ltd. was established and incorporated on 25/02/2011 with registrar of Companies Kanpur with main object to carrying on Foreign Exchange business and company start their business in year 2013 with FFMC license which includes the activities of buying & selling of foreign exchange subject to approval and sanctioned by reserve Bank of India.

The Company's activities  will be jointly managed by all directors of the company and all of the them  having wide & rich experience in business and  shall be assisted  and supported by the dedicated of professional & experienced staff to handle the foreign exchange  business.  The company is having the necessary infrastructure and funds to carry on the Full Fledged Money changer Business.

Back Ground:

That the Company M/s ICE Multi Business Private Limited has been promoted by Mr. Santosh Kashyap and Ashok Kashyap and accordingly the Company has been incorporated on 25/02/2011 with main object to carrying on Foreign Exchange business which includes the activities of buying & selling of foreign exchange and import & export of foreign currencies. Etc Besides above, the Company may take up the business under money transfer service scheme (MTSS).

Experience of Directors:

That   the promoter directors  Mr. Santosh Kashyap and  Mr Ashok Kashyap are  having  Nine years extensive  experience in foreign exchange  including money transfer  business which would be  assets to the company in promoting the Company’s business.                                 

Professionals:

Since the Directors of this company are well  qualified and experienced  in foreign exchange business, beside the Company has decided to engage the services of  the professionals for conducting the Company’s  business of foreign exchange on the sound footing and successfully.

The Company's activities  have been   further  jointly managed by all Directors of the company and all of the them has  wide & rich experience in business, and further  being   assisted  and supported by the dedicated of professional & experienced staff  who are well conversant and versed  with RBI guidelines  & instructions issued from time to time  to handle the business properly.

Now the company  is running two branches in Varanasi city and  The company is having the necessary infrastructure and funds to carry on the Multiple/unified Full Fledged Money changer Business, besides there is an additional advantage for the  Company to  have the business premises in centrally located in  area of  Varanasi .

Projections of Foreign Exchange Business:

The Company has planned projection for turnover of its foreign exchange business and Directors are also confident, and optimistic in carrying on this business sanguinely to achieve the planned targets as mentioned herein under. The Directors of the company are being financial sound and also well placed besides enjoying an excellent creditability and reputation in the market.   

Company Services:

  • Foreign exchange
  • Western union money transfer
  • Tour and travels
  • Domestic money transfer
  • Credit and debit cards swapping
  • Insurance
  • Holiday packages
  • Passport and visa  immigration services
  • Domestic and international air tickets
  • Conference handling
  • Currency cards

Future Prospects:

With continued emphasis on economic liberalization and stable political and social environments in the country and   the   inflow of tourists and business travelers continued to increase steadily.  Since the Money Changer business has become services industry, therefore, as such prospectus for the FFMC Company appears to be bright which is continually preparing itself to make optimum use of the dynamic scenario. 

Plan to open about 17 Branches in financial year, cities like

  • New Delhi     
  • Bangalore         
  • Amritsar       
  • Bodhgaya
  • Kolkata          
  • Kochi              
  • Ludhiana      
  • Pune
  • Mumbai                 
  • Chennai         
  • Chandigarh   
  • Ranchi                  
  • Hyderabad      
  • Leh                 
  • Jalandhar     
  • Macleodganj
  • Manali 

Join us to deliver the quality services and get lucrative returns for your investments with us.

Ice Multi Business Pvt. Ltd. Team

Investment Details

Commenced Operations

Operations Commenced On 2011

Franchising / Distribution Commenced On 2015

Franchise Details
Units

Investment INR Rs. 50 K - 2lac

Royalty/Commission Rs. 50 K - 2lac

Expansion Locations
stateWise

Ice Multi Business Pvt. Ltd.

North

Delhi,Haryana,Himachal Pradesh,Jammu and Kashmir,Punjab,Uttaranchal,Uttar Pradesh

West

Gujarat,Rajasthan,Maharashtra,Goa

East

Assam,Meghalaya,Mizoram,Tripura,Arunachal Pradesh,Manipur,Nagaland,West Bengal,Sikkim,Odisha

South

Kerala,Karnataka,Tamil Nadu,Andhra Pradesh,Telangana

Union Territories

Andaman and Nicobar,Pondicherry,Chandigarh,Lakshadweep,Daman and Diu

Franchise Details

Anticipated percentage return on investment 15%

Likely pay back period of capital for a unit franchise

Other investment requirements

Property Details

Type of property required for this franchise opportunity

Floor area requirement - Sq.ft

Preferred location of unit franchise outlet

Training Details

Detailed operating manuals for franchisees No

Franchisee training location

Is field assistance available for franchisee ? Yes

Expert guidance from Head Office to franchisee in opening the franchise Yes

Current IT systems will be included in the franchise Yes

Agreement & Term Details

Do you have a standard franchise agreement? Yes

How long is the franchise term for? Life

Is the term renewable? Yes



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