RRSB Forex

What RRSB Forex does

RRSB Forex, the trading name of RR Sen & Brothers Private Limited, is a Reserve Bank of India-authorised Dealer Category-II (AD-II) foreign exchange dealer founded in 2008 and headquartered in Kolkata with a registered office in New Delhi. The company operates 22 branch offices across India and is staffed by 110+ trained professionals, serving an installed base of 10,000+ clients with 750,000+ completed transactions. Its product suite covers wire transfers, currency notes, travel cards, travel insurance, Guaranteed Investment Certificates (GIC), blocked-account services, and platform-integrated flows through Flywire and FTS (New Zealand), spanning 36+ currencies.

The firm's underlying technology combines a physical branch network with iOS and Android mobile applications, supplemented by correspondent banking relationships with eight major Indian banks (IndusInd, IDFC, RBL, ICICI, Axis, Yes, PNB, BoB) and distribution partnerships with Thomas Cook India, EbixCash, Leverage Edu, and MoneyHop. The business model is transaction-fee based and pay-as-you-go across all products, with revenue mechanics tied to ticket volume and regulated spreads rather than subscriptions or platform fees.

Customers fall into three segments: individual consumers (outbound education, overseas travel, family maintenance remittances), small businesses and travel/tour operators, and long-tenured enterprise clients including CESC Limited, Ahuja Radio, and ABP Pvt Ltd (16-20 year relationships). The company also operates Orkos Wealth as an associate brand, extending into adjacent wealth-management services for the same retail customer base. No AI/ML capabilities, funding history, or audited financials are disclosed.

Name

RRSB Forex

Legal name

RR Sen & Brothers Private Limited

Website

https://rrsbforex.com

Company type

Private

Founded year

2008

Operating status

Operating

Headcount range

101–250 employees

Short description

RRSB Forex is an RBI-authorised AD-II foreign exchange dealer offering cross-border remittance, currency exchange, travel cards, and education-corridor products (GIC, blocked accounts) to Indian consumers, SMBs, and enterprises across 22 branches.

Ownership category

akta.pro rank

Product category

Foreign Exchange Services

NAICS

Credit Intermediation and Related Activities (522)

SIC

Finance Services (6199)

akta.pro primary industry

Remittances & Retail FX (Consumer Cross-Border) (FSABAAAK)

akta.pro secondary industries

Cross-Border Payments & FX (multi-currency wallets, DCC, remittance) (THALAHAE), Card Issuing & Virtual Cards (lodge cards, single-use, tokenization) (THALAHAB), Alternative Payments & Digital Wallet Acceptance (A2A, RTP, wallets) (THALAHAH)

Keywords

• Foreign exchange services
• Currency exchange
• International remittances
• Travel cards
• Wire transfer services

Headquarters

HQ city

New Delhi

HQ country

India

HQ region

Asia

Offices2 records

Markets served

GTM type

B2C

Offering type

Services

Cost components

Personnel, Operations

Revenue model

1. Currency Exchange Services: Buy and sell foreign currency notes at live exchange rates with online ordering capability
2. Wire Transfer / Remittance: International money transfer services for overseas education, family maintenance, gift, tour and travel at competitive rates
3. Travel Cards: Pre-loaded travel cards accepted worldwide at Visa and MasterCard merchant outlets and ATMs
4. Travel Insurance: Travel insurance coverage for medical emergencies, cancellations, lost luggage and more
5. GIC and Blocked Account Services: Guaranteed Investment Certificate accounts and blocked accounts for international students, particularly for Canada

Pricing tiers

Go-to-market motion1 record

Distribution channels2 records

Marketing channels2 records

Core offering

RRSB Forex is an RBI-authorized Dealer Category-II entity that facilitates foreign exchange transactions for individuals and businesses in India. The company buys and sells foreign currency notes across 36+ destination currencies, processes international wire transfers and remittances for overseas education, family maintenance, and travel, and issues prepaid Visa/MasterCard travel cards. Complementary offerings include travel insurance, GIC and Blocked Account services (primarily for Canada-bound students), and the Flywire international payment service.

Product overview

RRSB Forex operates as a unified forex services platform offering currency exchange, international money transfers, and travel-related financial products. The core product portfolio includes Wire Transfer and FTS for international remittances, Currency Notes for physical cash needs, and Travel Cards as a prepaid payment alternative. Supporting services include Travel Insurance, GIC investment products, and Blocked Accounts for Canada-bound funds. The Flywire service enables seamless international payments for education and healthcare. An associate brand, Orkos Wealth, extends the offering into mutual funds, portfolio management, and direct equity. The company also supports online transaction execution with live exchange rates across 36+ currencies.

Differentiator

Problem solved

Functional benefit

Products and services

• Wire Transfer

Named customers3 records

Segments3 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Integration12 records

Feature1 record

Partnerships

Five partnerships are on record, tiered core and minor.

• IndusInd Bank LimitedcoreTechnology or IntegrationTechnology and payment routing interface partner. Processes payment transactions for remittance services.
• IDFC Bank LimitedcoreTechnology or IntegrationTechnology and payment routing interface partner. Processes payment transactions for remittance services.
• RBL Bank LimitedcoreTechnology or IntegrationTechnology and payment routing interface partner. Processes payment transactions for remittance services.
• ICICI Bank LimitedcoreTechnology or IntegrationTechnology and payment routing interface partner. Also provides travel card load and reload services.
• Orkos WealthminorStrategic or Co-development PartnerAssociate company providing wealth management and investment services. Offers mutual fund investments, insurance, portfolio management services, AIF, and direct equity/IPOs.

Scale indicators4 records

Recent moves6 records

Expansion highlights6 records

Broad incumbents

• Thomas Cook India: Thomas Cook India is a large, established travel and forex services group offering currency exchange, travel cards, and remittances alongside full-service travel packages. It is both a technology partner of RRSB and a competitor in the Indian retail FX and travel-money market, with broader portfolio scale and brand reach.
• Western Union: Western Union is a global remittance incumbent with extensive India presence through authorised partners, enabling cross-border money transfers. While RRSB focuses on outward remittances from India, both compete for the same Indian outbound remitter customers across use cases like family maintenance and education.
• EbixCash World Money: EbixCash World Money is the forex and remittance arm of EbixCash in India, offering currency exchange, travel cards, and outward remittances through an extensive branch network. It is listed as a RRSB partner but also a competitor in the same retail forex and education remittance (GIC/blocked account) segment.
• ICICI Bank: ICICI Bank is a major Indian commercial bank offering forex services including currency exchange, travel cards, and outward remittances through its branch and digital channels. As both a payment routing partner and competitor of RRSB, ICICI represents the bank-channel alternative for the same retail forex customer base.

Direct peers

• BookMyForex: BookMyForex is a digital-first Indian forex platform offering currency notes, forex cards, and outward remittances with home delivery. It competes directly with RRSB on price transparency and convenience, and represents the digital-native disruption to RRSB's hybrid branch-plus-online model in the same retail FX segment.
• Unimoni (formerly UAE Exchange India): Unimoni operates one of India's largest forex and remittance branch networks under RBI AD-II authorisation, serving retail and corporate customers with currency exchange, travel cards, and outward remittances. It competes with RRSB in the same regulated retail FX market with similar omnichannel distribution.
• Muthoot Forex: Muthoot Forex is one of India's largest RBI-authorised retail forex dealers, offering currency notes, travel cards, and outward remittances across a wide branch network. It competes head-to-head with RRSB Forex in the same AD-II regulated retail FX market, serving similar consumer and small-business segments for travel, education, and emigration remittances.
• Centrum Direct: Centrum Direct is the forex and remittance arm of the Centrum Group in India, providing currency exchange, travel cards, and outward remittances under RBI authorisation. It directly competes with RRSB in the Indian retail forex market with similar product offerings and multi-city branch presence.

Emerging players

• Wise (TransferWise): Wise is a digital-first global cross-border payments platform offering multi-currency accounts and low-cost remittances. While India-India corridors are restricted, Wise competes for Indian customers sending money abroad for education and travel, pressuring traditional AD-II players like RRSB on price and digital experience.
• NIUM (formerly InstaReM): NIUM is a global real-time cross-border payments platform with India presence, enabling remittances and business payments. It represents an emerging digital-native competitor to traditional AD-II players for outward remittance flows from India, particularly in education and small-business segments.

Market position

Weaknesses1 record

Competitive moat3 records

Key risks5 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/linkedin.com-rrsbforex

Compliance8 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles1 record

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about RRSB Forex