Archive · 17 Jun 2025
Prithvi Exchange Eyes Expansion in Global Education Remittances
Imagine a company called Prithvi Exchange that helps people send money to other countries, especially for education.
They're now planning to start sending money to places like Germany and New Zealand, where more Indian students are going.
Even though some popular countries for students like Canada and the UK have fewer students this year, Prithvi Exchange is still doing well.
They're also planning to offer insurance and help families send money to each other.
The company's stock price went up a lot but has since gone back down a bit.
Prithvi Exchange plans to expand into new international education markets.
The company will target Germany, New Zealand, Austria, Dubai, Singapore, and France.
It plans to launch an insurance broking vertical and enter family maintenance remittances.
Prithvi Exchange handled about $150 million in remittances in the past year.
The company's stock price has fluctuated, rising and subsequently falling.
- Who
- Prithvi Exchange, an outward forex remitter.
- What
- Prithvi Exchange is expanding into new international education markets and related financial services.
- When
- Expansion plans are currently underway; financial data reflects the past year.
- Where
- Expanding into Germany, New Zealand, Austria, Dubai, Singapore, France.
- Why
- To capitalize on the growing trend of Indian students studying abroad and diversify financial services.
Market Trends
Market Opportunities
Shifting Student Destinations
Market Trends
Decline in student enrollments in Canada, UK, US, and Australia, potentially due to geopolitical issues.
Market Opportunities
Rise in student enrollments in Germany and New Zealand, indicating new growth markets.
- Total education-related outward remittances in India
- $3.5 billion
- Prithvi Exchange remittances handled (past year)
- $150 million
- Germany jump in Indian student intake (2022-2024)
- 68%
- New Zealand rise in Indian student intake (2022-2024)
- 354%
- Prithvi Exchange PBT (last financial year)
- Rs 10.95 crore
- Prithvi Exchange Net profit (last financial year)
- Rs 8.11 crore
- Prithvi Exchange Market capitalization
- Rs 126 crore