Chennai-based forex service provider Prithvi Exchange (India) has announced the inauguration of two new branches in the Mumbai Metropolitan Region (MMR) at Thane and Ghatkopar. According to reports from The Hindu BusinessLine, this expansion brings the company's nationwide network to 38 branches, representing a significant growth in their geographical footprint. The company, which operates under the brand 'Prithvi Exchange', is licensed by RBI to function as Authorised Dealer Category - II and deals in all tradable foreign currencies, traveler cheques, drafts and swift transfers.
As reported by The Hindu BusinessLine, Managing Director Pavan Kavad emphasized Mumbai's importance as one of India's most significant foreign exchange markets, driven by strong outbound travel, overseas education, business travel and cross-border remittance requirements. The expansion strategy focuses on being closer to customers while strengthening the company's presence in one of the country's most dynamic metropolitan regions. Prithvi Exchange has emerged as a vibrant and trusted brand in the field of Foreign Exchange, offering comprehensive foreign exchange products including buying and selling of all major Foreign Currencies, Travel Currency Cards, Remittances Abroad, Foreign Currency Demand Drafts and Travel Insurance.
According to latest market data, Prithvi Exchange (India) Limited shares are trading at ₹100.55 as of July 30, 2026, showing no change from the previous closing price. The stock has fluctuated between ₹98.1 and ₹100.55 during the trading session. Over the past year, the stock has achieved a return of -31.66%, while in the last month alone, the return has been -7.15%. The company's market capitalization stands at ₹83.00 crore with PE and PB ratios of 30.56 and 64.58 respectively. The 52-week high and low stand at ₹179.95 and ₹91.25 respectively.
This expansion forms part of Prithvi Exchange's long-term strategy to strengthen their presence in high-growth markets while delivering secure, compliant and seamless forex solutions. The company's focus on high-growth markets aligns with the increasing demand for foreign exchange services in India's metropolitan regions. In 2023, Prithvi Exchange incorporated M/s Octagon Insurance Broking Company Pvt Ltd. to venture into the Insurance Broking space, with Octagon Insurance Broking Private Limited receiving IRDAI license for starting the Insurance business during 2024.
