Paul Merchants

Chandigarh, India Founded: 2010 • Age: 16 yrs Listed Acquired By Ebix
Forex, money transfer, travel, and gold loan services are provided.
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About Paul Merchants

Paul Merchants is a publicly listed company based in Chandigarh (India) founded in 2010, and was acquired by Ebix in September 2017. Forex, money transfer, travel, and gold loan services are provided. It operates on a Commission-Based and Brokerage / Intermediation model. The company has 389 employees. Its website paulmerchants.net draws about 12 thousand monthly visits. Its Indian entity Paul Merchants Limited reported revenue of ₹2,374 Cr. Paul Merchants offers products and services including International Money Transfer, Foreign Exchange, Tour and Travels, Domestic Money Transfer, and PML Forex Travel Card. Its focus areas include Money Transfer, International Remittance, Travel and Tourism and Travel Agency.

Company details

Paul Merchants Limited is involved in providing a range of financial and travel-related services. The company is focused on international and domestic money transfers, foreign exchange solutions, and travel planning. Services are offered through a network of over 100 branches across India, catering to thousands of customers daily. Sectors served include financial services and tourism, with solutions like forex travel cards and business payment options being provided.

  • Headquarters Chandigarh, India
  • Employees 389
  • Stage Acquired
  • Sectors
    Financial Services
  • Email
    ••••••••
  • Phone
    •••• ••••
  • Website paulmerchants.net
  • Social LinkedIn X Facebook Instagram YouTube
  • Acquired by Ebix (Sep 2017)
  • Legal Name Paul Merchants Ltd.
Operational Areas
Financial Services → Banking & FinTech Platforms
Financial Services → Payments & Remittance Platforms
Key Metrics
  • Market Cap
    ₹141 Cr

    PML · NSE

  • Share Price
    ₹460.00

    +0.88% today

  • Revenue
    ₹2,110 Cr

    FY 2025-26 · -36.7% YoY

  • EBITDA
    ₹21.22 Cr

    Margin 1.0%

  • Net Profit
    −₹242 Cr

    FY 2025-26 · -182.5% YoY

  • P/E (TTM)
    6.7x

    P/B 0.2x

  • ROE
    -31.8%

    ROCE -19.5%

  • Debt / Equity
    0.02

    Interest cover 7.0x

  • Investors
    Ebix
  • Employee Count
    389
  • Acquired by
    Ebix

    (Sep 2017)

Products & Services of Paul Merchants

Paul Merchants offers a comprehensive portfolio of products and services, including International Money Transfer, Foreign Exchange, Tour and Travels, Domestic Money Transfer, and PML Forex Travel Card.

International Money Transfer
Financial Services

International money transfers are facilitated swiftly and securely.

Foreign Exchange
Financial Services

Foreign currency exchange is provided at competitive rates.

Tour and Travels
Travel Services

Travel planning and booking services are offered comprehensively.

Domestic Money Transfer
Financial Services

Domestic money transfers are processed quickly and reliably.

PML Forex Travel Card
Financial Services

Forex travel cards are issued for cashless travel.

Apps and channels of Paul Merchants

its YouTube channel Paul Merchants has 607 subscribers and 30 videos.

Paul Merchants
YouTube 607 subscribers 30 videos Nonprofits & Activism
Open channel

Videos from Paul Merchants

The most watched videos on Paul Merchants's YouTube channel, Paul Merchants (607 subscribers). Click a video to play it here.

Paul Merchants- Gold Loan
3K views
Paul Merchants | 30 Years of Business Excellence | Corporate Video
2.3K views
Paul Merchants Business Meet 2023- Gold Loan
1.9K views
Glimpse of Paul Merchants Annual Meet-2022
987 views

More on Paul Merchants.

Investors in Paul Merchants

Paul Merchants has secured backing from 1 investor. Prominent investors backing the company include Ebix.

All
InvestorDescriptionFounded YearDomainLocation
Ebix
SaaS-based software suite for insurance industry is provided.
1976ebix.comAtlanta, United States
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Investor details for Paul Merchants

The complete investor list, round-by-round participation and investor portfolios require an active premium plan.

  • Complete investor list
  • Round participation
  • Investor portfolios
  • Co-investor network

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Board of directors of Paul Merchants Limited (Paul Merchants)

Paul Merchants Limited is the primary company behind Paul Merchants. The board of Paul Merchants Limited currently have 8 directors; the longest-serving is Rajneesh Bansal, appointed in 1999. 26 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Rajneesh Bansal
DIN 00077230
Managing Director27 Feb 199927 yrs 8 moPaul Merchants Limited
Sarita Rani Bansal
DIN 00094504
Director01 Apr 201511 yrs 7 moPaul Merchants Limited
Inder Sain Negi
DIN 08947230
Director12 Nov 20205 yrs 11 moPaul Merchants Limited
Sat Paul Bansal
DIN 00077499
Director08 Jun 20215 yrs 4 moPaul Merchants Limited
Ritesh Vaid
DIN 09433856
Whole-time director10 Feb 20224 yrs 8 moPaul Merchants Limited
Bhupinder Singh
DIN 02152722
Director13 Feb 20242 yrs 8 moPaul Merchants Limited
Anoop Kumar Sharma
DIN 02296633
Director13 Feb 20242 yrs 8 moPaul Merchants Limited
Tejinder Kaur
DIN 00512377
Director17 Dec 20241 yr 10 moPaul Merchants Limited

People of Paul Merchants

1 people are tracked at Paul Merchants (1 in leadership); the tracked headcount is 389.

NameRoleGroup
Rajneesh Bansal
Managing Director & Executive DirectorLeadership
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Complete people profiles for Paul Merchants

Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.

  • Full employee list
  • Team structure
  • Board tenure
  • Professional contacts

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IPO & Listings of Paul Merchants

Paul Merchants is a publicly listed company on the BSE with ticker symbol PML in India, operating in the Commercial services sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • IPO date21 Apr 2015
  • Listed onBSE: 539113
  • Listed entityPaul Merchants Ltd.
  • Exchange sectorCommercial services
  • ISININE291E01019
  • Share price₹579.95 (+1.2% on the day) · 2026-05-11
  • Market capitalisation₹177 Cr
  • Price to earnings0.6
  • EPS (diluted, trailing year)₹918.10
  • Volume (last session)49
  • Analyst consensusNo rating

Financials of Paul Merchants

Exchange-reported figures of Paul Merchants Limited, the listed company behind Paul Merchants (NSE: PML).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹2,110 Cr
-36.7% YoY
EBITDA
₹21.22 Cr
+405.8% YoY
Profit After Tax
−₹242 Cr
-182.5% YoY
Net Worth
₹897 Cr
+42.7% YoY
Total Assets
₹912 Cr
-41.4% YoY
Total Debt
₹10.39 Cr
-55.8% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,1103,3366,5067,0125,3673,0415,405
Revenue growth-36.7%-48.7%-7.2%+30.6%+76.5%-43.7%-
EBITDA21.22(6.94)9.1682.9666.9950.5840.71
EBITDA margin+1.0%-0.2%+0.1%+1.2%+1.3%+1.7%+0.8%
Profit before tax27865.0862.3059.6253.9344.2336.06
Net profit(242)(85.77)(50.95)44.0640.5433.2627.22
Net profit margin-11.5%-2.6%-0.8%+0.6%+0.8%+1.1%+0.5%
EPS (₹)871.41206.99177.13428.13390.77325.38256.56
Balance sheet
Total assets9121,5571,062821601508428
Net worth897629565511467427393
Total debt10.3923.5049330713279.5133.06
Cash & bank89.7738.5941.0328.2423.5714.7116.84
Net working capital28251.07965727504405306
Cash flow
Cash from operations412448(135)(154)(37.69)(68.58)(82.93)
Cash from investing(387)17.08(4.91)0.465.9622.5673.47
Cash from financing(13.80)(471)14315540.9641.5713.44
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue481482505593493582750986
Revenue growth (YoY)-2.5%-17.2%-32.7%-39.8%-51.4%---
Other income10.398.5815.5012.9129421.0723.0719.60
EBITDA4.45(2.82)(25.59)(13.27)(4.17)(2.98)(3.90)(1.22)
EBITDA margin+0.9%-0.6%-5.1%-2.2%-0.8%-0.5%-0.5%-0.1%
Depreciation1.261.611.611.420.831.070.961.05
Interest0.170.160.160.240.530.530.490.66
Profit before tax13.413.99(11.86)(2.02)28816.4917.7216.67
Tax4.521.662.544.600.84(0.19)(0.01)0.57
Net profit8.892.33(14.40)(6.62)28716.6817.7316.10
EPS (₹)28.887.44(46.69)(21.45)932.1154.1357.4752.21
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue2,0833,3456,5296,9215,2992,9825,370
Revenue growth-37.7%-48.8%-5.7%+30.6%+77.7%-44.5%-
EBITDA17.9710.8538.3936.9428.3216.9318.70
EBITDA margin+0.9%+0.3%+0.6%+0.5%+0.5%+0.6%+0.4%
Profit before tax17.578.2335.1334.9627.3715.9816.58
Net profit12.076.5926.1025.9720.2712.4911.80
Net profit margin+0.6%+0.2%+0.4%+0.4%+0.4%+0.4%+0.2%
EPS (₹)42.7719.1684.71252.76198.35123.32115.71
Balance sheet
Total assets505501493472436411394
Net worth495482476450425404391
Total debt6.9316.4113.5419.719.595.160.76
Cash & bank13.1134.7321.3217.2613.419.664.38
Net working capital36.42194192223179146105
Cash flow
Cash from operations(2.69)(27.19)(14.32)19.5522.28(4.86)5.38
Cash from investing7.8033.7117.19(25.48)(21.69)3.92(8.35)
Cash from financing(10.08)1.64(7.80)8.964.004.08(0.07)
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue469472500591493578749985
Revenue growth (YoY)-4.9%-18.4%-33.3%-40.0%-51.5%---
Other income4.084.283.7718.354.634.444.515.00
Total expenses471475502594495581752986
EBITDA(1.95)(2.71)(2.20)(2.45)(1.79)(2.63)(2.86)(0.25)
EBITDA margin-0.4%-0.6%-0.4%-0.4%-0.4%-0.5%-0.4%-0.0%
Depreciation0.821.041.040.950.730.880.820.78
Interest0.090.080.080.100.290.250.300.30
Profit before tax1.220.450.4514.851.820.680.533.67
Tax0.370.150.413.430.370.160.370.95

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 05 Nov 2026
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue481482505593493582750986
Revenue growth (YoY)-2.5%-17.2%-32.7%-39.8%-51.4%---
Other income10.398.5815.5012.9129421.0723.0719.60
EBITDA4.45(2.82)(25.59)(13.27)(4.17)(2.98)(3.90)(1.22)
EBITDA margin+0.9%-0.6%-5.1%-2.2%-0.8%-0.5%-0.5%-0.1%
Depreciation1.261.611.611.420.831.070.961.05
Interest0.170.160.160.240.530.530.490.66
Profit before tax13.413.99(11.86)(2.02)28816.4917.7216.67
Tax4.521.662.544.600.84(0.19)(0.01)0.57
Net profit8.892.33(14.40)(6.62)28716.6817.7316.10
EPS (₹)28.887.44(46.69)(21.45)932.1154.1357.4752.21
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,1103,3366,5067,0125,3673,0415,405
Revenue growth-36.7%-48.7%-7.2%+30.6%+76.5%-43.7%-
Other income26477.7858.720.771.371.441.04
Total expenses2,0893,3436,4976,9295,3002,9915,364
Employee cost37.3426.8926.6343.0130.6923.1825.70
EBITDA21.22(6.94)9.1682.9666.9950.5840.71
EBITDA margin+1.0%-0.2%+0.1%+1.2%+1.3%+1.7%+0.8%
Depreciation5.483.803.403.933.272.993.23
Interest1.101.962.1820.1811.164.802.46
Profit before tax27865.0862.3059.6253.9344.2336.06
Tax9.641.247.6915.6313.7510.349.39
Net profit(242)(85.77)(50.95)44.0640.5433.2627.22
Net profit margin-11.5%-2.6%-0.8%+0.6%+0.8%+1.1%+0.5%
EPS (₹)871.41206.99177.13428.13390.77325.38256.56
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3.083.083.081.031.031.031.03
Reserves & surplus894626562510466426392
Shareholders' funds (net worth)897629565511467427393
Minority interest0.820.000.000.000.000.000.00
Secured loans10.2223.3849230612871.6530.67
Unsecured loans0.170.121.191.153.417.862.39
Total debt10.3923.5049330713279.5133.06
Total liabilities9121,5571,062821601508428
Assets
Gross block16692.1510594.2787.3184.9183.87
Net block13562.0471.7366.5963.4362.7363.97
Capital work in progress0.040.220.250.850.350.600.00
Investments3062.2421.6823.7730.3037.4255.10
Inventories23.0912.1014.9312.375.876.018.02
Sundry debtors5.285.915.524.932.712.204.43
Cash & bank balances89.7738.5941.0328.2423.5714.7116.84
Loans & advances19225.18998750520409304
Total current assets31081.781,059795552432333
Total current liabilities28.3230.7194.4468.7948.2626.9527.24
Net working capital28251.07965727504405306
Total assets9121,5571,062821601508428
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash18.6525.0722.2320.6111.3815.8311.85
Net cash from operating activities412448(135)(154)(37.69)(68.58)(82.93)
Net cash from investing activities(387)17.08(4.91)0.465.9622.5673.47
Net cash from financing activities(13.80)(471)14315540.9641.5713.44
Net change in cash10.85(6.42)2.831.629.23(4.45)3.98
Closing cash89.7738.5941.0328.2423.5714.7116.84
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-36.7%-48.7%-7.2%+30.6%+76.5%-43.7%-
EBITDA growth+405.8%-175.8%-89.0%+23.8%+32.4%+24.2%-
PBT growth+327.8%+4.5%+4.5%+10.6%+21.9%+22.7%+50.4%
Net income growth-182.5%-68.3%-215.6%+8.7%+21.9%+22.2%-
Revenue CAGR (3Y)-33.0%-14.7%+28.9%+9.1%+2.9%-12.6%+23.2%
EBITDA CAGR (3Y)-36.5%--43.4%+26.8%+35.9%+27.5%+63.2%
Profitability & leverage
Net income margin+12.7%+1.9%+0.8%+0.6%+0.8%+1.1%+0.5%
Return on capital employed-19.5%-6.4%-5.1%+11.2%+11.7%+10.5%+9.5%
Return on net worth-31.8%-14.4%-9.5%+9.0%+9.0%+8.3%+7.0%
Debt / equity0.020.430.740.450.240.140.07
Long-term debt / equity0.010.130.230.100.000.000.00
Interest cover6.99-18.2537.8525.5317.5110.096.56
Efficiency & per share
Fixed asset turnover18.4034.6265.8777.2462.3536.0560.48
Inventory turnover134.93252.61480.95768.95903.83433.74852.02
Debtors turnover424.33597.381,256.451,835.812,186.86917.851,328.28
EPS (₹)871.41206.99177.13428.13390.77325.38256.56
Dividend per share (₹)0.000.000.000.000.000.002.00
Book value per share (₹)2,909.442,039.171,832.694,968.544,541.754,151.433,825.26
ParticularsJun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024Sep 2024
Revenue469472500591493578749985
Revenue growth (YoY)-4.9%-18.4%-33.3%-40.0%-51.5%---
Other income4.084.283.7718.354.634.444.515.00
Total expenses471475502594495581752986
EBITDA(1.95)(2.71)(2.20)(2.45)(1.79)(2.63)(2.86)(0.25)
EBITDA margin-0.4%-0.6%-0.4%-0.4%-0.4%-0.5%-0.4%-0.0%
Depreciation0.821.041.040.950.730.880.820.78
Interest0.090.080.080.100.290.250.300.30
Profit before tax1.220.450.4514.851.820.680.533.67
Tax0.370.150.413.430.370.160.370.95
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue2,0833,3456,5296,9215,2992,9825,370
Revenue growth-37.7%-48.8%-5.7%+30.6%+77.7%-44.5%-
Other income3.901.821.170.781.341.521.19
Total expenses2,0653,3356,4906,8845,2712,9655,351
Employee cost22.7524.3423.3919.0914.8614.2518.74
EBITDA17.9710.8538.3936.9428.3216.9318.70
EBITDA margin+0.9%+0.3%+0.6%+0.5%+0.5%+0.6%+0.4%
Depreciation3.763.212.721.721.852.232.82
Interest0.541.231.711.040.440.240.49
Profit before tax17.578.2335.1334.9627.3715.9816.58
Tax4.372.349.018.986.993.304.67
Net profit12.076.5926.1025.9720.2712.4911.80
Net profit margin+0.6%+0.2%+0.4%+0.4%+0.4%+0.4%+0.2%
EPS (₹)42.7719.1684.71252.76198.35123.32115.71
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital3.083.083.081.031.031.031.03
Reserves & surplus492479473449424403390
Shareholders' funds (net worth)495482476450425404391
Secured loans6.7616.2913.4219.519.515.080.76
Unsecured loans0.170.120.120.200.080.080.00
Total debt6.9316.4113.5419.719.595.160.76
Total liabilities505501493472436411394
Assets
Gross block88.1488.9985.6479.6779.2479.8881.17
Net block61.6561.3160.7957.1658.3259.2862.09
Capital work in progress0.000.220.000.000.000.200.00
Investments372243237190196203223
Inventories6.938.558.175.614.804.946.95
Sundry debtors5.005.165.104.932.712.204.43
Cash & bank balances13.1134.7321.3217.2613.419.664.38
Loans & advances33.69174208249194145110
Total current assets58.73223242277215162126
Total current liabilities22.3128.5450.4853.8635.3816.4920.41
Net working capital36.42194192223179146105
Total assets505501493472436411394
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash17.349.1714.1211.096.503.376.41
Net cash from operating activities(2.69)(27.19)(14.32)19.5522.28(4.86)5.38
Net cash from investing activities7.8033.7117.19(25.48)(21.69)3.92(8.35)
Net cash from financing activities(10.08)1.64(7.80)8.964.004.08(0.07)
Net change in cash(4.97)8.16(4.94)3.034.583.13(3.04)
Closing cash13.1134.7321.3217.2613.419.664.38
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth-37.7%-48.8%-5.7%+30.6%+77.7%-44.5%-
EBITDA growth+65.6%-71.7%+3.9%+30.4%+67.3%-9.5%-
PBT growth+113.5%-76.6%+0.5%+27.7%+71.3%-3.6%+16.1%
Net income growth+83.2%-74.8%+0.5%+28.1%+62.3%+5.9%-
Revenue CAGR (3Y)-33.0%-14.2%+29.9%+8.8%+2.6%-13.1%+22.9%
EBITDA CAGR (3Y)-21.4%-27.4%+31.4%+25.5%+20.3%+0.6%+16.2%
Profitability & leverage
Net income margin+0.6%+0.2%+0.4%+0.4%+0.4%+0.4%+0.2%
Return on capital employed+3.6%+2.1%+7.6%+7.9%+6.6%+4.0%+4.4%
Return on net worth+2.7%+1.4%+5.6%+5.9%+4.9%+3.2%+3.1%
Debt / equity0.020.030.040.030.020.010.00
Long-term debt / equity0.000.000.000.000.000.000.00
Interest cover3.8016.104.792.951.661.633.09
Efficiency & per share
Fixed asset turnover23.5638.3479.0087.1166.6237.0561.64
Inventory turnover269.63400.39947.761,329.821,088.34501.87924.47
Debtors turnover410.81652.491,302.101,811.962,158.95900.041,319.70
EPS (₹)42.7719.1684.71252.76198.35123.32115.71
Dividend per share (₹)0.000.000.000.000.000.002.00
Book value per share (₹)1,605.791,562.761,544.314,380.814,129.783,931.783,807.83

Timeline of Paul Merchants

3 dated milestones of Paul Merchants across 7 years, from founding to its latest funding, stage changes and deals.

  1. Founded Paul Merchants is founded.
  2. IPO Lists on the stock exchange (IPO).
  3. Exit Acquired by Ebix.

Web traffic of Paul Merchants

The website of Paul Merchants (paulmerchants.net) receives about 11.5K visits a month.

  • Monthly visits
    11.5K

    ▲ 90.3% vs previous month

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Paul Merchants Finance Launches Loan Against Silver, Becomes India’s First NBFC To Set Up Exclusive Silver Loan Branches – Outlook Business
Outlook Business • 2 months ago
Paul Merchants Finance Launches Loan Against Silver, Becomes India’s First NBFC to Set Up Exclusive Silver Loan Branches - The Wire
The Wire • 2 months ago
Paul Merchants consolidated net profit declines 96.90% in the June 2026 quarter | Capital Market News - Business Standard
Business Standard • 2 months ago
Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework – Outlook Business
Outlook Business • 2 months ago
Paul Merchants Gets RBI Approval For Perpetual AD Category-II Licence Under Revised FEMA Framework – Outlook Business
Outlook Business • 2 months ago
Paul Merchants Gets RBI Approval for Perpetual AD Category-II Licence Under Revised FEMA Framework - The Wire
The Wire • 2 months ago
L&T Finance has acquired the gold loan business of Paul Merchants - Elets BFSI
Bfsi • 1 year ago
Paul Merchants consolidated net profit rises 78.69% in the March 2025 quarter | Capital Market News - Business Standard
Business Standard • 1 year ago
L&T Finance buys gold loan ops of Paul Merchants for ₹537 cr
Thehindubusinessline • 1 year ago
Paul Merchants consolidated net profit rises 13.14% in the September 2022 quarter
India Infoline • 1 year ago
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Frequently Asked Questions about Paul Merchants

Paul Merchants was founded in 2010.

Paul Merchants is headquartered in Chandigarh, India.

Paul Merchants has 389 employees.

The primary company behind Paul Merchants, Paul Merchants Limited, reported revenue of ₹2,374 Cr for FY 2026, down 37% year on year.

Paul Merchants Limited is involved in providing a range of financial and travel-related services. The company is focused on international and domestic money transfers, foreign exchange solutions, and travel planning. Services are offered through a network of over 100 branches across India, catering to thousands of customers daily. Sectors served include financial services and tourism, with solutions like forex travel cards and business payment options being provided.

Paul Merchants offers International Money Transfer, Foreign Exchange, Tour and Travels, Domestic Money Transfer, and PML Forex Travel Card.

Yes, Paul Merchants is publicly traded on BSE under the ticker symbol PML.

Paul Merchants has 1 investor. Key investors include Ebix.

Paul Merchants operates through Paul Merchants Limited.

Yes. Paul Merchants was acquired by Ebix in September 2017.

The legal entities of Paul Merchants currently have 10 directors, including Hardam Singh, Sarita Rani Bansal, Rajneesh Bansal and others.

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