Transcorp International Limited, founded in December 1994, specializes in foreign exchange and money transfers as an authorized money changer. Initially conceived to simplify financial transactions, the company expanded in 2001-02 by merging with Wheels International Ltd, a travel and tours business. By 2010, Transcorp consolidated its operations across both wholesale and retail segments, significantly increasing its branch network to enhance market competitiveness.
The company's strategic growth continued with the acquisition of two wholly-owned subsidiaries, Transcorp Estates Private Limited and Ritco Travels and Tours Private Limited, in 2010-11. Licensed by the Reserve Bank of India in 2015-16, Transcorp is authorized to conduct outward remittance activities for purposes such as overseas education and medical treatment. It also operates as a principal agent of Western Union for money transfers. In 2017-18, Transcorp transitioned its Money Transfer Services System business in India to Ebix Money Express Private Limited, now functioning as a sub-agent for the business.
