FCM Travel Solutions expands its footprint in Maharashtra

Pune, 23 November 2018:  FCM Travel Solutions – Indian subsidiary of Flight Centre Travel Group Australia, launched its two new stores in prime locations of Nashik and Aurangabad in Maharashtra. This strategic expansion augments FCM Travel Solutions, India’s distribution and reach in the state of Maharashtra to 7 outlets: 40 Travel Money outlets and 32 Travel Tours stores across India.

FCM’s has identified Maharashtra as a high potential market and the company has hence chosen Nashik and Aurangabad and the state as a key driver of its all-around strategic plan:

1. Distribution and Reach: Focused expansion in viable metros/mini-metros and Tier II & III markets of Maharashtra
2. Consumer empowering Product-Service Portfolio: the store offers a plethora of services such as:
3. Buy & Sell Foreign Currency
4.         All leading currencies available
5.        Best exchange rates

                                                          iii.      Instant availability

1.        Easy delivery and payment options
2. Multi-Currency Travel Cards for business or leisure activities
3.         Loads upto 24 different currencies
4.        Allows top-up from any location

                                                          iii.      Enables e-commerce transactions

1.        Protected by chip and security pin
2.        Comes with Replacement Card and 24×7 global support
3.        SMS alerts for every transaction

                                                        vii.      Accepted at ATMs and merchant outlets worldwide

                                                      viii.      Helps keep track of expenditure

1. Outward remittances – For Educational, medical and close relative maintenance with over 24+ countries
2. Leisure Travel Services – Customized & Group Holidays, FLights, Hotel, Visa etc

Taking in to consideration, Nashik and Aurangabad are the growing leisure travel markets, thanks to UDAN scheme introduced by the government of India, which helped generate more flights in and out of these regions by making tourism affordable. ‘UDAN’, had the main objective of “Let the common citizen of the country fly”, aimed at making air travel affordable and widespread, to boost inclusive national economic development, job growth and air transport infrastructure development of all regions and states of India.

Commenting on the aggressive expansion, Mr. Gagan Malhotra, Vice President, Foreign Exchange, FCM Travel Solutions, India says, “The latest additions in Nashik and Aurangabad is a reinforcing of our strategic intent at FCM Travel Solutions- to expand our footprint across key markets. Maharashtra State has been a powerhouse in our success story and these new outlets in prime retail locations will take us a step closer to our consumers’ doorstep! With our distinctive and innovative consumer centric services witnessing a strong uptake, our foreign exchange business is witnessing an impressive 133% growth over last year.”

Travel Money’s current footprint extends to a total of 40 outlets across India in all major cities including Delhi, Gurgaon, Mumbai, Pune, Ahmedabad, Chandigarh, Bangalore and Cochin via a combination of owned branches and franchise outlets.