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Centrum Group Announces South India Expansion Plans

Vanessa Doctor Asia Correspondent 16 May 2012

Centrum Group Announces South India Expansion Plans

Centrum Group, the Indian financial services and foreign exchange provider that caters to high net worth clients, is expanding in South India.

The company currently has over 100 branches in 34 cities and is looking to add more travel and forex-related products to its network over the next months. Some of the products Centrum offers include foreign currency, travellers cheques, demand drafts, wire transfers and travel insurance. It currently has at least one million clients in India. 

"Investors need value added services and personal attention. We foresee a huge market potential for foreign exchange and will open more branches in the coming months," said TC Guruprasad, executive director and business head for foreign exchange.

Centrum Group operates through its four core businesses: Centrum Capital, Centrum Direct, Centrum Wealth Management and Centrum Broking. 

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