1. MSRTC NCMC statewide smartcard programme - Ebix Technologies secured a ₹140 crore contract for Maharashtra's first statewide National Common Mobility Card rollout, guaranteeing a minimum of 70 lakh cards in Year 1 and scaling to over 2 crore cards. Expected transaction volumes exceeding ₹2,000 crore annually once fully operational make this a material revenue stream against a company with trailing annual revenue of ₹2,438 crore.
2. Ebix Insurance Exchange - global premium throughput - The Ebix Insurance Exchange platform conducts in excess of $100 billion in insurance premiums annually, with recent expansion through a multi-year agreement with GT Insurance (Allianz Australia) on the Sunrise Exchange platform. This installed base of insurance premium flow generates recurring platform fees across 775+ broking firms monthly.
3. Banking Circle partnership - cross-border payments infrastructure - EbixCash partnered with Banking Circle to shift from agent-based transfers to direct local-rail settlements across the UK, EU, US, Canada, Australia, Singapore, and GCC corridors. The structural shift to infrastructure-grade payments eliminates intermediary costs and lays the foundation for extending cross-border payout capabilities to SMEs and corporate flows.
4. Ebix Latin America - Brazil insurance platform onboarding - Ebix Latin America onboarded three insurers - CNP Seguradora, Icatu Seguros, and Aruana Seguradora - onto its Digital New Business Platform, adding to a client base of 30+ across Brazil, Mexico, and Colombia. Brazil's insurance sector recorded revenues exceeding R$600 billion in 2023, and each new carrier integration expands the platform's recurring transaction-based revenue.
5. Buyforex - GIFT IFSC Payment Service Provider authorisation - Buyforex received in-principle approval from IFSCA for PSP authorisation, making it the first AD-II group entity to secure this licence, covering account issuance, e-money issuance, merchant acquisition, and cross-border fund transfers. The licence unlocks a regulated pathway to serve international merchants and enterprises from India's financial services SEZ.
6. Ebix Smartclass - AI School programme and contract momentum - Ebix Smartclass launched its AI School programme across 10,000+ schools and 65,000 classrooms, while securing 1,392 contracts worth ₹30.82 crore year-to-date December 2024. The installed base of 2.7 million students provides a captive audience for the higher-value AI curriculum rollout.
7. Via.com - Business Associate Centre expansion - Via.com established 20+ Business Associate Centres across India as of June 2025, targeting 100 centres by end of FY26. The BAC network extends Via.com's physical distribution reach into Tier II and Tier III cities, complementing its existing network of over 517,000 travel agents across Southeast Asia.
8. Ebix Inc. - elimination of residual minority interest - The Board approved issuance of 28,60,412 equity shares to non-promoter Ebix Inc. shareholders, which upon completion will result in Eraaya holding 100% of Ebix Inc. equity. Full consolidation eliminates minority leakage from the subsidiary that contributes the bulk of group revenue and segment profits.