Bharuch, India – 08 October 2025 – BFC Forex and Financial Services Pvt. Ltd. (BFC Forex), a subsidiary of Al Ansari Financial Services PJSC, Dubai, UAE, is pleased to announce the opening of its second Business Synergy Associate (BSA) model branch in Bharuch, Gujarat. This new location marks a significant milestone as the company’s 51st branch across India and the seventh in the state of Gujarat.
The inauguration ceremony was attended by Mr. Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services, and Mr. Amitava Saha, General Manager & Country Head of BFC Forex, alongside other senior officials from the organization.
The inauguration ceremony was attended by Mr. Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services, and Mr. Amitava Saha, General Manager & Country Head of BFC Forex, alongside other senior officials from the organization.
BFC Forex holds an Authorized Dealer Category-II license from the Reserve Bank of India (RBI), offering secure and compliant foreign exchange services. The launch of the Bharuch branch reflects the company’s strategic growth initiative and its commitment to enhancing accessibility and service delivery in India’s dynamic retail forex market.
The new BSA model branch will offer a full suite of foreign exchange services, including:
• Sale and encashment of foreign currencies for leisure, corporate, education and businessrelated travel
• Outward remittances for education, medical expenses, and family maintenance abroad under the LRS scheme of the RBI
• Travel insurance solutions • Multi-currency travel forex cards
• Inward remittance (cash payout)
Commenting on the launch, Mr. Amitava Saha, General Manager & Country Head of BFC Forex stated: “The opening of our second BSA model branch in Bharuch reinforces our dedication to customer-centric service. Bharuch’s economic momentum presents a strong opportunity for growth, and this expansion is aligned with our goal to provide convenient and reliable forex solutions to our customers across Gujarat.”
Mr. Mohammad Bitar, Deputy Group CEO of Al Ansari Financial Services added: “This new branch marks a key milestone in our India operations. With 51 branches nationwide, including two BSA outlets, we are well-positioned to serve both individual and corporate clients. Our offerings span over 30 destination currencies, including exotic options, supported by robust remittance and travel-related services.”
With a nationwide footprint of 51 branches, BFC Forex continues to strengthen its position as a trusted provider of international financial services. As a sub-agent for leading global remittance brands such as Western Union, MoneyGram, BFC Cash, and Ria Money, the company facilitates fund transfers from over 200 countries and territories through a global network of more than 400,000 agent locations
