Transcorp International :Update : Receives Authorized Dealer Category II License

Press Release For Immediate Publication

Transcorp International Limited received Authorized Dealer Category II License March 25, Jaipur – Transcorp International Limited, one of the leading money changer and principal agent of Western Union for inward remittance business has received Authorized Dealer Category II license from Reserve Bank of India and with this the company will be able to undertake various permissible outward remittance activities such as remittance for overseas education, medical treatment abroad, Emigration and Emigration consultancy fees and for other permissible purposes. Explaining on this Mr. Amitava Ghosh, Executive Director stated that “this authorization will enhance the business opportunity for the company.”. He also mentioned that “recently the company has started various new business activities viz., Domestic Money Transfer, Pre-Paid Card and Banking Correspondence of State Bank of India (recently became its National Level Banking Correspondence) and some other new business opportunities are also being explored to enhance the area of business of the Company.” Transcorp is one of the leading player in Inward Remittance, Foreign Exchange and Travels and Tours business through its Wholly Owned Subsidiary Ritco Travels and Tours Private Limited. About Transcorp: Transcorp International Limited with a turnover of more than Rs. 5000 Crores is one of the leading player in Inward Remittance, Foreign Exchange, Travels & Tours Business in India. Transcorp is having more than 60 own locations through out the country and more than 7500 franchisee. With its Customer centric approach and professional management, Transcorp follows strong corporate governance and is committed to value creation for its stakeholders. Its product offering includes:- Inward Remittance:

 Transcorp is one of the leading principal agent of Western Union and having more than 60 own locations and a franchisee network of more than 7500 through out the country. Money Changing: Transcorp is an Authorized Dealer Category II licensed by Reserve Bank of India and providing this service from 25 of its own locations. Travels, Tours and Car Rental: Ritco Travels and Tours Private Limited a wholly owned subsidiary of Transcorp International Limited is offering all kind of quality services related to travels and tours (as mentioned below). The company is having 4 IATA approved locations and sub-agents network of more than 1000. The division is having online portal names www.ritcotravels.com . - Air Ticketing- Domestic and International - Tour Packages both In-bound and Out-bound - Hotel Booking - Passport and VISA Documentation and facilitation - MICE - Car RenTALS