Prithvi Exchange (India) Ltd
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BSE Code:
531688
NSE Code:
PRITHVIEXCH
Business Profile
Business Profile
Prithvi Softech (PRITHVISO), incorporated on Jun. 21, 1995, has been engaged primarily in money exchange and transfer services. Earlier known as Octagon Technology, it got its present name on Mar. 11, 2007.
Services provided include exchange for business and tourist travel. The company purchases and sells all major international currencies and traveler checks (TC) and can encash Thomas cook, VISA, MasterCard, Citicorp Travelers cheques and American Express TCs without service charge. The Prithvi Exchange division provides money transfer services through Western Union Money Transfer system and exports international currencies.
Business partner of American Express Travelers` Checks, Citi Bank World Money Card, and Axis Bank Travel Currency Card, the company is an authorized selling agent of Citibank World Money Card and Axis Bank Prepaid Cards, which allow foreign exchange to be carried abroad with reloading facility, cash withdrawal, and balance inquiry through internet. Other services provided are cash against international credit cards, provision for NRIs and foreign tourists to draw cash at Mahabalipuram and Calangute against their international credit cards issued abroad from its branches. It is suspended from the BSE on account of noncompliance with listing agreement clauses.
The registered office is at Old No 44 New No 33, Montieth Road, Egmore, Chennai-600008, Tamil Nadu.
Financials
Prithvi Softech registered a 5.97% growth in net profits to Rs 2.84 million for the quarter ended June 2008 from a profit of Rs 2.68 million for the quarter ended June 2007.
Net sales rose 26.79% to Rs 9.89 million for the quarter ended June 2008 from Rs 7.8 million for the quarter ended June 2007.
Total income rose 28.77% to Rs 10.43 million for the quarter ended June 2008 from Rs 8.1 million for the quarter ended June 2007.