Ebix has announced that its EbixCash Indian subsidiary has signed an agreement with Cox and Kings to transfer its Business Travel agreements with corporates in India, to EbixCash’s corporate “Mercury” Travel Division. This announcement comes as a part of EbixCash’s initiative to aggressively grow its corporate travel business in India.
Each of the transferred corporate clients of Cox and Kings will now be serviced by EbixCash’s Mercury Division across the length and breadth of the country. Under the agreement some key core employees of Cox and Kings will also be transferred to the EbixCash payroll with immediate effect. This transfer agreement is part of EbixCash’s efforts to double its revenues as compared to the last year, from the corporate travel sector by the end of this Financial Year.