The Company M/s Ice Multi Business Pvt. Ltd. was established and incorporated on 25/02/2011 with registrar of Companies Kanpur with main object to carrying on Foreign Exchange business and company start their business in year 2013 with FFMC license which includes the activities of buying & selling of foreign exchange subject to approval and sanctioned by reserve Bank of India.
The Company's activities will be jointly managed by all directors of the company and all of the them having wide & rich experience in business and shall be assisted and supported by the dedicated of professional & experienced staff to handle the foreign exchange business. The company is having the necessary infrastructure and funds to carry on the Full Fledged Money changer Business.
That the Company M/s ICE Multi Business Private Limited has been promoted by Mr. Santosh Kashyap and Ashok Kashyap and accordingly the Company has been incorporated on 25/02/2011 with main object to carrying on Foreign Exchange business which includes the activities of buying & selling of foreign exchange and import & export of foreign currencies. Etc Besides above, the Company may take up the business under money transfer service scheme (MTSS).
That the promoter directors Mr. Santosh Kashyap and Mr Ashok Kashyap are having Nine years extensive experience in foreign exchange including money transfer business which would be assets to the company in promoting the Company’s business.
Since the Directors of this company are well qualified and experienced in foreign exchange business, beside the Company has decided to engage the services of the professionals for conducting the Company’s business of foreign exchange on the sound footing and successfully.
The Company's activities have been further jointly managed by all Directors of the company and all of the them has wide & rich experience in business, and further being assisted and supported by the dedicated of professional & experienced staff who are well conversant and versed with RBI guidelines & instructions issued from time to time to handle the business properly.
Now the company is running two branches in Varanasi city and The company is having the necessary infrastructure and funds to carry on the Multiple/unified Full Fledged Money changer Business, besides there is an additional advantage for the Company to have the business premises in centrally located in area of Varanasi .
The Company has planned projection for turnover of its foreign exchange business and Directors are also confident, and optimistic in carrying on this business sanguinely to achieve the planned targets as mentioned herein under. The Directors of the company are being financial sound and also well placed besides enjoying an excellent creditability and reputation in the market.
With continued emphasis on economic liberalization and stable political and social environments in the country and the inflow of tourists and business travelers continued to increase steadily. Since the Money Changer business has become services industry, therefore, as such prospectus for the FFMC Company appears to be bright which is continually preparing itself to make optimum use of the dynamic scenario.
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Ice Multi Business Pvt. Ltd. Team
Operations Commenced On2011
Franchising / Distribution Commenced On2015
Area- NA -
Investment Rs. 50 K - 2lac
Franchise/Brand Fee 150000
Investment Rs. 20lac - 30lac
Unit Fee 300000
Master Fee 200000
Investment Rs. 5lac - 10lac
Unit/Brand Fee 200000
Master/Brand Fee 175000
Investment Rs. 10000 - 50 K
Unit/Brand Fee 175000
Master/Brand Fee 150000
Delhi, Haryana, Himachal Pradesh, Punjab, Uttar Pradesh, Uttaranchal
Andhra Pradesh, Karnataka, Kerala, Tamil Nadu
Arunachal Pradesh, Assam, Manipur, Meghalaya, Mizoram, Nagaland, Odisha, Sikkim, Tripura, West Bengal
Goa, Gujarat, Maharashtra, Rajasthan
Bihar, Chhattisgarh, Jharkhand, Madhya Pradesh
Andaman and Nicobar, Chandigarh, Daman and Diu, Lakshadweep, Pondicherry
Want to expandNationwide
Exclusive territorial rights to a unit franchise No
Performance guarantee to unit franchisee No
Anticipated percentage return on investment 15
Likely pay back period of capital for a unit franchise -
Other investment requirements NO
Type of property required for this franchise opportunity Others
Floor area requirement - NA -
Preferred location of unit franchise outlet - NA -
Detailed operating manuals for franchisees Yes
Franchisee training location No
Is field assistance available for franchisee? Yes
Expert guidance from Head Office to franchisee in opening the franchise Yes
Current IT systems will be included in the franchise Yes
Do you have a standard franchise agreement? No
How long is the franchise term for? Year
Is the term renewable? No