Amravati, India [18th July 2025] – BFC Forex and Financial Services Pvt. Ltd. (BFC Forex), a subsidiary of Al Ansari Financial Services PJSC, Dubai, UAE, proudly announces the inauguration of its first franchise center in Amravati, Maharashtra. This milestone also marks the company’s 50th branch across India and the sixth in the state of Maharashtra.
BFC Forex is a Reserve Bank of India (RBI) Authorized Dealer Category – II license holder, offering reliable and compliant foreign exchange services. The launch of the Amravati franchise underscores the company’s strategic expansion and commitment to improving accessibility and meeting the growing demand in India’s retail forex market.
The new franchise will provide a comprehensive suite of forex services, including, sale of foreign currencies for leisure, corporate, and business travel, encashment of foreign currency at competitive rates, outward remittances for education, medical expenses, family maintenance abroad and travel insurance amongst others.
Speaking at the inauguration, Mr. Amitava Saha, General Manager and Country Head of BFC Forex, said: “The launch of our first franchise style branch in Amravati reaffirms our commitment to delivering exceptional customer service. Amravati presents significant potential for foreign exchange services, and the establishment of our sixth branch in Maharashtra is aimed at enhancing convenience for our customers. The city’s rapid economic development makes this expansion both timely and necessary.”
Mr. Kaustav Khan, Head of Operations & Wholesale, added: “This opening marks a major milestone in our India operations — our 50th branch and first franchise-style outlet. We anticipate strong business growth from this location. Our offerings include over 30 destination currencies, including exotic options, catering to both individual and corporate clients. Services also include international money transfers, multi-currency forex cards, and travel insurance.”
With a robust network of 50 branches across India, 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, BFC Forex facilitates fund transfers from over 200 countries and territories through a network of more than 400,000 agent locations worldwide.
