Page 53 - IACC Newsletter March 2013 Issue no. 9

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About Western Union
The Western Union Company (NYSE: WU) is a leader in global payment services. Together with its Vigo, Orlandi Valuta, Pago
Facil and Western Union Business Solutions branded payment services, Western Union provides consumers and businesses
with fast, reliable and convenient ways to send and receive money around the world, to send payments and to purchase
money orders. As of April 24, 2012, the Western Union, Vigo and Orlandi Valuta branded services were offered through a
combined network of approximately 500,000 agent locations in 200 countries and territories. In 2011, The Western Union
Company completed 226 million consumer-to-consumer transactions worldwide, moving $81 billion of principal between
consumers, and 425 million business payments.
About Paul Merchants Limited
Paul Merchants Limited (PML), an ISO 9001:2008 certified Company for its quality procedures & processes, is the flagship
company of the “PAUL GROUP OF COMPANIES." The group is a vast diversified conglomerate with prominent interests in
International Money Transfer, Foreign Exchange, Tours & Travels, Finance, Insurance Products & Satellite TV. Under the
aegis of a specific RBI License, PML actively commenced its International Money Transfer operations in 1999 by partnering
with Western Union. Today PML has grown to be one of Western Union’s largest Principal Agents in the Asia-Pacific region
with a widespread network of over 600 own offices and 21,000 franchisees. PML is amongst the leading players in foreign
exchange as a RBI Licensed Authorized Dealer II and is a fast emerging name in Tours & Travels having IATA accreditation as
well as an affiliation with the Indian Ministry of Tourism.
About Weizmann Forex
Weizmann Forex Ltd. is a part of the Weizmann Group, an INR 35 billion company that has diverse interests in hydro and
wind power, textile manufacturing, foreign exchange transactions, inward money transfer and other financial services.
Established in 1997, Weizmann Forex was one of the first companies to be licensed by RBI to operate as a Category 2
Authorized Dealer. With a modest beginning of four branches, Weizmann Forex has grown to become a leading player in the
retail foreign exchange market with a network of 350+ locations spread all over India. Weizmann Forex deals in Foreign
Currency Cash, Foreign Currency Demand Draft (DD) and Telegraphic Transfer (TT), Prepaid Travel Cards, Travelers’ Checks,
Travel Insurance, General Insurance, Tours and Travel, International and Domestic Air Tickets, Mobile and DTH recharge as
well as offering Western Union’s wide portfolio of payment services.
Agrawala to head GE India
Banmali Agrawala, President and Chief Executive Officer GE Energy – India Region
General Electric on Friday announced the appointment of Banmali Agrawala as president and CEO of the company's business
operations in India.
Before joining GE, Banmali was working as the executive director for strategy and business development and also served on
the board of directors of Tata Power Company Ltd. Banmali also worked with Wartsila for over 10 years, holding several
leadership positions in both India and Europe.