THE STOCK PRICES of US-headquartered, NASDAQ-listed Ebix Inc., a global player in software solutions for insurance, healthcare and financial services, have doubled to $24 a share in the past two months. One probable reason is that its step-down subsidiary, EbixCash Limited, is readying to debut in the Indian stock market next month.
Robin Raina, who achieved fame in the US by reviving struggling Ebix Inc. two decades ago, had actually borrowed money from the US parent company to enter the Indian market. Raina, the Chairman, President and CEO of Ebix Inc., used the money to acquire over two dozen companies in payments, travel, forex and remittances to create an ‘airport’ of financial transactions in India.
The 47-year-old Ebix Inc.’s investors, though, were uneasy. First, the credit line to the fledgeling Indian entity created uncertainty about repayment. Second, the Indian financial services industry is crowded with start-ups such as Paytm, non-banking finance companies (NBFCs) such as Bajaj Finance, and big banks owned by public, private and foreign giants. In India, many fintech players were struggling to show scaleable, sustainable and profitable growth without cashbacks and discounts. The sudden surge in the Ebix Inc. stock price could actually be a sign of what to expect from the listing of the Indian subsidiary’s mega ₹6,000-crore IPO.
Bu hikaye Business Today India dergisinin July 09, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Giriş Yap
Bu hikaye Business Today India dergisinin July 09, 2023 sayısından alınmıştır.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Giriş Yap
"Moving to cloud helped us grow❞
What was the problem you were grappling with?
She's Got Time
MORE WOMEN ARE BECOMING WATCH CONNOISSEURS, SEEKING OUT BOTH JEWELLED AND TECHNICAL WATCHES FOR THEIR STYLE AND CRAFTSMANSHIP
RISING STAR
PARUL GULATI IS a name that's been steadily gaining prominence in the Indian entertainment industry after she appeared on season 2 of Shark Tank in 2023. She has become a multifaceted personality who effortlessly transitions between acting and entrepreneurship.
Building on a Legacy
WHEN ZAHABIYA KHORAKIWALA stepped into her role as Managing Director of Wockhardt Hospitals over a decade ago, she confronted formidable challenges that have since turned into achievements.
LEADER IN INNOVATION
AS FEDEX'S PRESIDENT (Middle East, Indian subcontinent and Africa), Kami Viswanathan has a lot on her plate.
WAITING IN THE WINGS
Here are those who missed out as they have not yet completed a year in office; they'll be strong contenders in 2025
A DECENT PROPOSAL
IN TODAY'S WORLD OF TRYING TO CREATE AN EQUITABLE SPACE, BOTH MEN AND WOMEN CONTRIBUTE TO THEIR HOUSEHOLDS. WOMEN ARE ENCOURAGED TO HAVE THEIR OWN SAVINGS POOL AND INVESTMENT ROUTINE. GIVEN THIS, HOW SHOULD FUTURE BRIDES APPROACH FINANCIAL PLANNING?
Women and the STEM Bias
EMPOWERING WOMEN IN STEM WILL NOT ONLY BENEFIT INDIVIDUALS, BUT ALSO STRENGTHEN THE ENTIRE INDUSTRY, DRIVING INNOVATION AND PROGRESS.
ROCKET WOMEN
WOMEN IN INDIA ARE NOT ONLY VENTURING INTO SPACE BUT ARE ALSO STARTING TO SPEARHEAD THE COUNTRY'S EFFORTS IN THE GLOBAL SPACE RACE.
ONE STEP FORWARD
THE NUMBER OF WOMEN INDEPENDENT DIRECTORS IS GROWING STEADILY, BUT IT'S A LONG WAY FROM GENDER PARITY. MUCH MORE NEEDS TO BE DONE TO BREAK THE GLASS CEILING IN BOARDROOMS.
