FCM Travels opens two new stores in Maharashtra

FCM Travel Solutions, the Indian subsidiary of Flight Centre Travel Group Australia, has launched its two new stores in prime locations of Nashik and Aurangabad in Maharashtra. This strategic expansion augments FCM Travel Solutions’ distribution and reach to seven outlets in the state of 40 Travel Money outlets and 32 Travel Tours stores across India. FCM has identified Maharashtra as a high-potential market and the company has thus chosen Nashik and Aurangabad and the state as a key driver of its all-around strategic plan. This includes focused expansion in viable metros/mini-metros and tier II and III markets of Maharashtra, and offering consumer-empowering Product-Service portfolio.
Commenting on the aggressive expansion, 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 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 per cent growth over last year.”