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Currencies Direct plans to enter India in a big way
London, Aug 17: After its success in the UK and Spain, a leading UK-based commercial foreign exchange company, co-founded by a young NRI entrepreneur seven years ago, plans to enter India in a big way.
London, Aug 17: After its success in the UK and Spain, a leading UK-based commercial foreign exchange company, co-founded by a young NRI entrepreneur seven years ago, plans to enter India in a big way.
"We plan to open a major service centre in Mumbai,
employing 60 specialists in the field, which will be the hub
of the present and future expansion of the company," Mayank B
Patel, chairman and managing director of Currencies Direct
told.
Currencies Direct, established in 1996 with an investment of 8,500 pounds, has registered a growth of 28,000 per cent till now.
The company, considered market leader in the UK registered a turnover of 450 million pounds last year and "the projected turn over this year is 600 million pounds," 36-year-old Patel, who has family roots in Vadodara in Gujarat said.
The company which has a total staff strength of 43 people has two offices in Spain and opened its Australian office in Sydney in the last six months. As part of its expansion programme, the company proposed to have offices in Dubai, Cape Town and Atlanta.
Patel was recently awarded the London Entrepreneur of the Year Award 2003 and was also short-listed for the prestigious Ernst & Young Entrepreneur of the Year Award.
This recognition follows on from Patel's outstanding success in 2002, when he was crowned BT Entrepreneur of the Year instituted by Garavi Gujarat, London's leading bilingual - Gujarati and English.
Bureau Report
Currencies Direct, established in 1996 with an investment of 8,500 pounds, has registered a growth of 28,000 per cent till now.
The company, considered market leader in the UK registered a turnover of 450 million pounds last year and "the projected turn over this year is 600 million pounds," 36-year-old Patel, who has family roots in Vadodara in Gujarat said.
The company which has a total staff strength of 43 people has two offices in Spain and opened its Australian office in Sydney in the last six months. As part of its expansion programme, the company proposed to have offices in Dubai, Cape Town and Atlanta.
Patel was recently awarded the London Entrepreneur of the Year Award 2003 and was also short-listed for the prestigious Ernst & Young Entrepreneur of the Year Award.
This recognition follows on from Patel's outstanding success in 2002, when he was crowned BT Entrepreneur of the Year instituted by Garavi Gujarat, London's leading bilingual - Gujarati and English.
Bureau Report