India Cements Capital Limited (ICCL), part of the Aruna Sugars group, is a financial services company engaged in money changing and international money transfer activities. As an RBI registered Authorized Dealer (Category-II), ICCL facilitates the buying and selling of foreign exchange for both retail and wholesale clients and manages outward remittances for overseas education, medical treatment, and other purposes. It partners with Mecklai & Mecklai for forex broking in Madras, sharing 50% of the net profits from these activities.
Associated with The India Cements Ltd, ICCL has a strong market presence with offices in major Indian cities and a robust credit rating from CRISIL for its fixed deposit and commercial paper programs. The company is awaiting SEBI's approval to become a category-I merchant banker, which would expand its services to include managing public issues and portfolio management. Its subsidiary, Aruna Securities, operates in the capital market segment with NSE membership.
