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Paul Merchants Limited

Chennai, Tamil Nadu

| GST  33AAACP5609D1ZV

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The illustrious Journey of PML started in the year 1991 with its founder Mr. S Paul acquiring an existing Company known as Brite Agro Mills Ltd from its then promoters, which was originally incorporated in the year 1984. Before putting it on the mercurial path of growth, the name of the Company was changed to Paul Merchants Limited, a name which became synonymous with Trust, Quality, Assurance and Integrity in the following years.
The saga which started with few people getting together to offer services with a difference, ultimately unfolded into a large conglomerate having diversified interests in Forex, International Money Transfer, Entertainment Industry (Satellite TV), Distribution of Telecommunication Services, Tours, Travels and Holidays Packages and Air Ticketing over a period of time.
After beginning with all kinds of Financial Services, PML embarked upon Foreign Exchange services in 1995. With a liberalized Economic Policy in place, the then Govt. of India had come up with an array of economic reforms which set the tone for Foreign Exchange market taking new dimensions in the years to come. The Company obtained a FFMC License and over a period of time, extended this service to a large number of its own Branch Offices. In the year 2008, PML got its FFMC License upgraded to Authorized Dealer II.  A large no. of factors like financials, infra structure, manpower strength, network qualities, state of compliance and past conduct as FFMC are taken into account by RBI while granting this status. This License, enables PML to offer Outbound Remittances services for a host of purposes as permitted by RBI. As of now, PML is rated amongst top sellers of American Express (AMEX) Travelers Cheques in India and is offering the services of Foreign Exchange from its offices situated in all major cities across the length and breadth of the country. 
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Nature of Business

Service Provider

Year of Establishment

1991

Legal Status of Firm

Limited Company (Ltd./Pvt.Ltd.)

GST Number

33AAACP5609D1ZV

Inbound Tours

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Leisure Travel Service

Leisure Travel Service

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Corporate Travel Service

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Incentive Tours

Incentive Tours

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Tailor Made Tours

Tailor Made Tours

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Insurance Sector

Insurance Sector

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Air Ticketing Services

Air Ticketing Services

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Foreign Currency

Foreign Currency

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Car Rentals

Car Rentals

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Paul Merchants Ltd in association with Western Union Business Solutions facilitates payments for a variety of different industries, including mining,  spirits, law firms, universities and charities. It does not matter what is being bought – payments need to arrive on time and in the correct amount.

Manage volatile exchange rates

When sending international payments and conducting business abroad, volatile currency markets can raise a company's expenses, diminish profits and make accurate long term planning difficult.
Our fast and efficient payment solutions can significantly minimize currency risk and help give companies a competitive edge.

Transfer funds with confidence

  • Send money in more than 135 different currencies – whether it's Indian Rupee or Chinese Renminbi
  • Real-time exchange rates- know the exact payment amount.
  • Work with a dedicated account manager and foreign exchange specialist
  • Manage foreign receivables with automated reporting and easy reconciliation to accounts receivable- take control of the payments process.
  • Monitor online payments- track payment status from lodgement up to its release.
  • Don't just send payments when the banks are open – initiate a transaction anytime, anywhere with a trusted internet connection.
  • Know when a payment is complete with Automatic Notification- beneficiaries are notified via e mail when the payment has been processed.

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Paul Merchants Ltd. in association with Western union Business Solutions helps companies manage foreign receivables to save time and money.

Take charge of incoming payments
Provide suppliers with real-time exchange rates
Allow clients to pay in their local currency
Fast and easy set-up with current systems
Online capabilities available 24 hours a day, anywhere with a trusted internet connection

Gain an overview of the payments process

  • Track and monitor payment status for better business operations
  • Allows for easy reconciliation of payments to accounts receivable
  • Strenghten business forecasting with efficient reporting capabilities
Help protect the bottom line

Reduced fees for companies and their clients
Eliminate the need to hold foreign currency bank accounts
Real-time rates and cost effective online money transfers.

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