Centrum Housing Finance Ltd. has signed a Memorandum of Understanding (MOU) with the National Housing Bank to support and get housing finance subsidies for the Economically Weaker Section (EWS) customers under the ‘Pradhan Mantri Awas Yojana – Credit Linked Subsidy Scheme’. Eligible customers can avail of home loans from Centrum Housing Finance Ltd. which will be subsidized by the Government of India under this scheme
Centrum has got a Direct Insurance Brokers License from IRDA. The license will enable Centrum to tie up with all Life, General and Health Insurance companies in India to offer their products to Centrum’s clients. Centrum is targeting to generate a revenue of Rs. 500 crores through Insurance premiums over the next 5 years, by leveraging synergies across the Group’s other business of Wealth Management, Housing Finance and Forex.
The Centrum Group announced it’s Consolidated Audited Annual Results for the year ending 31st March 2017, with very strong numbers. The Group’s listed entity – Centrum Capital Ltd. who has its core operations in the areas of Investment Banking and Debt Syndication, has declared a stellar increase of approximately 400% in its Profit Before Tax, which takes the Groups standalone profit to Rs. 41 crore, Group’s consolidated Profit Up 50% to Rs. 75 crores and Group’s EBITDA increases to Rs. 130 crores from Rs. 82 crores last year.
TERMS AND CONDITIONS
“Summer Bonanza” Anyone who purchase and reloads Foreign currency prepaid card of USD 500 and more or equivalent (hereinafter Eligible Product) will be eligible for the offer as given below:
The Offer runs from April 12, 2017, through June 30, 2017 (“Offer Period”).
“Eligible Customers” (as defined below) who purchase an Eligible Product during the Offer Period shall receive the following:
A. Customer with a purchase of USD 1000/- and above or equivalent in Foreign currency prepaid card shall be eligible for the following:
(i) receive a free Sim Card from CentrumDirect Ltd ;
(ii) will qualify for the Lucky draw for Smart Phone. Lucky draw will be held every fortnight for declaring Smart Phone winners during offer period.
(iii) Customer eligibility for Amazon vouchers:
with a purchase of Foreign Exchange worth USD 1000/- and above or equivalent on forex card will receive Amazon voucher worth INR 250/-
with a purchase of Foreign Exchange worth USD 2000/- and above or equivalent on forex card will receive Amazon voucher worth INR 500/-
with a purchase of Foreign Exchange worth USD 3000/- and above or equivalent on forex card will receive Amazon voucher worth INR 1000/-
The Amazon vouchers shall be Send to Eligible Customer from Centrum Forex Team through email within 14 days from transaction.
B. Customer with a purchase of Foreign currency prepaid card USD 500/- and above or equivalent up to USD 999 shall be eligible for INR 300/- Zoomin voucher.
Encashment offer at prevailing IBR rate will be applicable only if customer accepts the INR payment in form of CentrumPay rupee card.
General Terms and Conditions:
i. Customers are not eligible for CentrumDirect Limited (CDL) “Summer Bonanza” Scheme rewards on Purchases made from www.centrumforex.com and serviced by CDL.
ii. CDL and Centrumforex.com Employees and their family members are not eligible for the offer.
iii. CDL and Centrumforex is the sole authority for interpretation of these terms.
iv. CDL and Centrumforex reserve the right, at any time, without prior notice and without assigning any reason.
v. CDL is not responsible for an inability to read the terms of this promotion due to the fact that these terms are displayed in the English language. CDL is also not responsible for any loss, destruction, or theft of your qualifying Promo Product. CDL may use any information provided in accordance with its privacy policies posted online at www._________________.com/privacy. CDL reserves the right to change without notice the Terms and Conditions of this offer or modify or end this offer at any time without notice. vi. Disputes, if any, shall be subject to the exclusive jurisdiction of the competent Courts/ Tribunals in Mumbai only. vii. There shall be common lucky draw for smart phone for both Centrumforex and CDL customers.
Centrum & Lakshmi Vilas Bank have entered into a (MoU) wherein the Bank’s interested HNI Clients will be referred to Centrum Wealth for professional Wealth Management and Family Office Services. Centrum Wealth will offer its portfolio of Wealth Management Services to the Bank’s interested HNI clients.
Shujaat Khan joins Centrum as MD & Head of its Asset Management Business. Centrum Asset Management encompasses investment funds across public market equities, private equity, structured credit, real estate and distressed debt. He has more than 17 years of investing experience in India, as Co-founder and Managing Director of Blue River Capital and General Partner of Chryscapital.
Jaspal Bindra, Executive Chairman, Centrum Group has been appointed as the Chairman of FICCI’s Maharashtra State Council for 2017. The Federation of Indian Chambers of Commerce & Industry (FICCI) is the voice of India’s Commerce & Industry that routinely puts forward recommendations to the Government to help improve business environment in India.
The Rs. 500 crore fund has a life of 5 years with a 2 year extension and will focus on investing in the Indian Consumption Growth story. The fund will invest in mid-sized, un-listed companies with a growth potential in Fintech, Education Tech, Healthcare and FMCG sectors.
Centrum has received the Certificate of Registration from the National Housing Bank (NHB) to commence its Housing Finance business. The business will focus on servicing the mid income group, with a family income of up to Rs. 30,000 per month in tier 2 & 3 cities initially. The average ticket size for loans will be Rs. 10 – 15 lakhs.
Club7 Holidays, a subsidiary of Centrum Direct Ltd., offers customised travel solutions to individuals, groups and corporates, by ensuring a holistic travel experience. Our deep destination knowledge and adept concierge services ensure that your travel becomes a memorable experience. Services on offer vary from scheduled package tours to bespoke luxury travel. You can embark on a relaxed travelling experience as we manage the entire gamut of logistics, from organising visas toarrangingforex, travellers’cheques and from providing international calling cards to undertaking airline/railway ticketing and hotel bookings.
Our diverse bouquet of tourism packages include ‘Classic’ and ‘Exotic’ tours apart from the customized ‘Holidays a la Carte’ packages for families, individuals as well as private groups. We also organize corporate incentive tours.
We offer a range of signature tours to exotic destinations around the globe. Your unique travelling experience will be accentuated by our offerings like well-located 4-star hotels, porterages, culinary delights comprising American breakfasts, and a varied choice of menu for dinners and lunches. Tours can also be arranged for small& large groups. Comprehensive sightseeing tours along with gala entertainment evenings can be availed of as part of our Deluxe tour kit.
This is a range of standard tours to Europe, North America, Southeast Asia, China, Australia, New Zealand and Egypt.
Designed to tailor-fit the travel needs of independent holiday-makers, this bouquet offers flexible holiday modules across a variety of international destinations with 3, 4 and 5-star accommodation options at hotels, apartments and villas with self-drive facility, in several countries.
Club7 Holidays, one of our subsidiaries, always has something unique to offer you to help you organize meetings or fabulous parties or having a bash with your loved ones. We have been in the forefront of offering unique event management services through hassle-free and inspirational MICE products for the past many years.
We believe in the adage “customer first” and works with our clients to design products catering to their discerning needs, adhering to a philosophy of bespoke travel and activity as opposed to the rudimentary “off-the-shelf” offerings.
Facilitation of visa processing has been made easy by “Visas of the World”, a Centrum Direct subsidiary.Established in 2013,Visas of the World simplifies travel bookings, offering end-to-end visa services, right from the collection of documents to passport delivery within an effective “turnaround time (TAT)”, in a seamless manner.
The processing of visas is facilitated by an efficiently managed service delivery mechanism, with online and offline presence. A network of 90 offices with a pan-India presence ensures the visa processing a hassle-free affair.
The company offers visa processing services to travel agencies, corporate and individual travelers. A team of well-qualified and experienced travel professionals with well-heeled knowledge of visas, couriers and document security ensures not only smooth visa processing, but also personalized service at competitive pricing.
CentrumDirect offers Mobile SIM Cards for use in over 150 countries worldwide.
CentrumDirect Limited in its endeavor to provide a one stop solution to its customers has partnered with leading Banks to issue Foreign Exchange Demand Drafts. We have a long standing credibility and robust processes as a result of which our Branches stock Pre Signed Foreign Exchange Demand Draft Leaves issued by Banks. This provides our clients with a smooth and hassle free service of carrying foreign exchange abroad.
CentrumDirect Limited through its vast network spanning 49 Cities has alliances with Western Union, Money Gram, Express Money and Transfast to offer you the utmost convenience in receiving remittance sent by your near and dear ones. All 76 branches of CentrumDirect disburse remittances made through above mentioned money transfer companies from any part of the world.
In our continued endeavour to provide complete forex solutions to our customers, we at CentrumDirect Limited provide best rates for Swift Transfers in more than 17 Currencies worldwide. Swift is the most common and fastest way of remitting funds overseas. Our remittance team provides a hassle free experience in remitting funds overseas.
CentrumDirect buys and sells over 45 tradable foreign currencies Banknotes through our network of 132 offices across the country.
We sell American Express travellers cheques. A traveller’s cheque is similar to a bearer cheque, but can be used directly to make a payment without encashing it, thus rendering an easier option for you. Travelers’ cheques are available in US dollars, Canadian dollars, UK Pound, Japanese Yen and the Euro. Travelers’ cheques issued in the US dollar can be used across the globe as well.
A key product on the palette is the Centrum Travel Card – a chip-based prepaid Visa or Master card that can be used at merchant establishments such as hotels, shopping malls and hospitals, during your foreign trips. It also facilitates withdrawal of local currencies from ATMs. Subject to prevalent Reserve Bank of India and FEMA regulations, Safe, convenient, re-loadable and available in 15 currencies, the Centrum Travel Card is a favourite companion for international travellers.
CentrumDirect has bagged exclusive rights to operate a Money Exchange counter at Nagpur International Airport.
Centrum Wealth Management has been adjudged as ‘The Best Domestic Private Bank 2016’ in India at the Annual Asiamoney Polls. CWML attained the Number 1 position basis a detailed evaluation process surveyed with High Networth Individuals.
The Centrum Group has signed a Memorandum of Understanding (MoU) with the Qatar based – Doha Bank to leverage each other’s network and scale up operations in India and the GCC countries, in the areas of Banking, Wealth Management and Forex. Under the MOU, Doha Bank will facilitate the development of GCC business for Centrum with its network while Centrum will reciprocate with the same in India.
The MoU was signed by Dr. R. Seetharaman, Group CEO, Doha Bank and Jaspal Bindra, Chairman, Centrum Group in the presence of H.E. Sheikh Fahad Bin Mohammad Bin Jabor Al Thani, Chairman, Doha Bank.