EbixCash appoints S Ravi as independent director ahead of an India IPO

Bengaluru: EbixCash, a wholly-owned subsidiary of Nasdaq-listed software and e-commerce services provider Ebix Inc., has appointed S Ravi as an independent director to its board, ahead of a prospective IPO in India.

Currently serving as the chairman and director of Tourism Finance Corporation of India, a government financial institution to promote tourism, Ravi also serves on the boards of Aditya Birla Health Insurance Co. Ltd. and SBI Payment Services, among other companies.

“Ravi has a deep understanding of the sectors in which EbixCash operates…” said Robin Raina, chairman, president and chief executive officer at Ebix Inc. “All of these attributes are extremely valuable to his role on the EbixCash Board as we chart our next cycle of growth and progress towards the prospective IPO.”

Ravi has also served as the chairman of BSE Ltd., and has held board positions in 40 leading insurance companies, public sector banks and public sector enterprises in India.

“EbixCash has built a global presence today with clients in 44 countries and a leading presence in India in multiple financial technology segments,” said S Ravi. “I am extremely glad to join the board of EbixCash and to be a part of their journey in India.”