EbixCash Acquires Assets of Business Travels Group and Appoints Travel Industry Veteran Praveen Chugh as Chief Operating Officer of Via Agency Sales

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EbixCash, the Financial Exchange Division of Ebix, Inc. (NASDAQ: EBIX), a leading international supplier of On-Demand software and E-commerce services to the insurance, financial, healthcare and e-learning industries, today announced a number of key initiatives as a part of its plans to aggressively grow its Via Travel business.

The Company announced that it has decided to further invest in the growth of its B2B business under the leadership of travel industry veteran Mr. Praveen Chugh, who has immediately taken over as Via – Chief Operating Officer, Agency Sales. As a part of the hiring, Mr. Chugh’s existing travelcompany Business Travels Private Limited assets was also acquired by Via.

While being given the mandate to grow the B2B business of Via through multiple sales and acquisition channels, Mr. Chugh has been empowered by the Company to recruit as many as one hundred domain specific travel sales executives besides opening up new travel locations across the length and breadth of the country. The appointment of Mr. Chugh also follows a number of key senior sales leadership hires in the Corporate travel sector by EbixCash, for its Corporate & Luxury Travel initiative – Mercury.

Seen as one of the doyens of the Indian travel industry, Mr. Praveen Chugh has spent more than four decades in the travel sector, not only providing leadership and guidance to the industry but also in creating some of India’s largest travel companies. He is credited for having led one of the travelindustry’s most successful growth stories TSI-Yatra, increasing the company’s turnover more than 300% in a span of 3 years. He is presently the President of Travel Agents Federation of India (TAFI) besides being the Vice Chairman of the World Travel Agents Association Alliance (WTAAA) amongst other key industry leadership affiliations.
He also has the distinction of serving as a Member of APJC – Agency Programme Joint Council (IATA), since its inception. APJC comprises a distinguished list of 7 agents & 7 airlines as its members in India. He also serves as a Member of PAPGJC – Passenger Agency Programme Global Joint Council (IATA) since 2008. PAPGJC comprises a short list of 12 eminent Global agency representatives and 12 Global airlines as its members.