weizmann group joining... · housing and consumer finance ... he was with indusind bank ltd, ......

Weizmann Group Induction Program

Weizmann Group

Forex

Money Transfer

Company Portfolio

Company Overview

Part of the USD 1 Billion Weizmann Group

Listed with Bombay Stock Exchange and National Stock Exchange since 2011

A diversified portfolio focused on Foreign Exchange, International & Domestic Money Transfer, Trade Payment Solutions, Tours & Travels.

30 years of Business expertise

28 Million + satisfied customer

Largest Principal agent for Western Union in the world along with Principal agent for RIA Money Transfer, MoneyGram, Xpress Money and TransFast

RBI Authorised Dealer (AD–II Category)

RBI Authorised Full Fledged Money Changer (FFMC)

Partnership / Association with 41 leading PSU Banks and Private Banks of India along with 10 large corporates

Distribution Presence

59000+ Customer Touch Points

Weizmann Forex has presence in all 640 districts in India

200+ Branches Pan India

Vision In Pursuit of EXCELLENCE in our chosen sphere of activity.

Mission To scale greater heights by providing consistent customer satisfaction in the field of money changing, money transfer and distribution of financial products.

Values

Honesty and Integrity

Developing leadership

Teamwork and collaboration

Commitment to compliance & quality

Respect & Dignity for everyone

Encouragement to Self-starters with positive attitude

Vision, Mission & Values

Key Executives

Mr. Dharmendra G. Siraj, Chairman

• Has rich and varied management experience of over 40 years in financial services, including Money Exchange and Remittance Services, besides Housing and Consumer Finance

• Has repeatedly served on the Export Promotion Panel of the Cotton Textile Export Promotion Council, and has been on the Committee of the All India Exporters Chamber

Mr. Chetan Mehra, Vice Chairman

• Has over 32 years experience in Textile exports, full-fledged Money Changing, Housing and Consumer Finance and Wind-farm / Hydro-power development

Mr. B. Karthikeyan , Managing Director

• With over 2 decades of experience in the areas of Product Development, Business Development, Customer Communications, Marketing, Client Acquisition

• Has worked at various capacities with organisations of repute such as ICICI Bank, ICICI Brokerage Services, Web18, Shriram Insight Broker and Axis Securities and Sales Limited and SBICAP Securities Ltd (SSL)

• He is an alumnus of IIM Lucknow and IIT Madras

Key Executives

Mr. K. Mohan Bhaktha, Executive Director

• 31 years of experience in State Bank of India (SBI) and Mizuho Corporate Bank including 12 years experience in Foreign Exchange, Treasury and Market Risk Management.

• Presently looking after Risk Management, Organisational Transformation & New Business Initiatives

Mr. P. Shantharam Shetty, Chief Operating Officer- Money Transfer Business

• Vast experience of over 48 years in areas of Banking and Finance. Retired from Vijaya Bank as DGM after serving for almost 36 years.

• Heading overall Money Transfer business of WFL since 2005

Vispi Patel, Executive Vice President & Business Head – Forex

• Over 24 years of rich experience in the area of Sales Management, Business Development, Client Relationship Management, Team Management and Cross Selling

• Prior to joining Weizmann, he was with Indusind Bank Ltd, ING Vysya Bank Ltd and FCH Centrum Direct Ltd.

Mr. Sankalp Waingankar, Chief Technology Officer

• Senior Technology Leader with 15 years of experience in building high-performance technology teams

• Prior to joining WFL he was with Deloitte Consulting

Key Executives

Foreign Exchange

Money Transfer

Travel

Textile processing and Exports

Renewable Energy

Wind Energy

Weizmann Group Business Interests

Pre-paid Foreign Currency Cards Travellers Cheque

Money Transfer Trade Remittances Travel Insurance

Tours & Travels

Foreign Currency Remittances

Products & Services

Western Union Money Transfer

WFL is the principal agent for Western Union Money Transfer and is also the market leader

WFL has more than 55000+ sub-agent partner locations spread across rural as well as urban India

The safest easiest and fastest way to transfer money from anywhere in the world to India

Safe: Money is remitted electronically, protected by world class security systems, thus ensuring that the money is paid out to the right recipient in India within minutes

Easy: After depositing the amount to be sent and filling a form, the sender receives a 10 digit MTCN (Money Transfer Control Number), which is communicated to the receiver in India, who in turn can visit any of the WFL locations with a valid photo identification to receive the money in cash or cheque as per RBI guidelines

Legal: Money transfer through Western Union in India is authorised by RBI

Own Locations Bank Locations Retail / NBFC Locations Total 200+ 38341 16931 55477

Weizmann Forex has the largest network globally for Western Union

RBI approved “Authorised Dealer – Category II” to remit foreign exchange for the following:

Foreign Currency and Remittance

- Private/ Business/ Leisure Visits

- Remittance by tour operators/ travel agents to overseas agents/ principals/ hotels

- Medical Treatment abroad

- Visa fees

- Fees to International Organisations.

- Fee for participation in global conferences and specialised training

- Employment, processing, assessment fees for overseas job applications

- Emigration/ Consultancy Fees

- Skills/ credential assessment fees for intending migrants

- Participation in overseas events towards training, sponsorship

- Overseas Education

- Educational tie ups with universities abroad

- Remittance towards fees for examinations held in India and abroad for GRE, TOEFL etc.

- Film shooting

Foreign Currency and Remittance

Personal / Leisure BTQ Business Travel Overseas Education

Medical Treatment Cash to Master CTM Emigration

Media & Entertainment Employment

Prepaid Cards are an alternative to Travellers Cheques

Weizmann Forex is one of the leading distributor of prepaid cards issued by Axis Bank, HDFC Bank and ICICI Bank

Cards can be used to withdraw cash from over 1 million ATMs globally

Cards can be used to make payments at over 14 million merchant outlets across 130 countries

Prepaid Foreign Currency Card

Prepaid Foreign Currency Cards - Benefits

C

on

ven

ien

t

Hassle free: One can withdraw money from any VISA ATM in the local currency

Remotely re-loadable: Corporate can top up the card remotely even if the card holder is abroad

Acceptance: Prepaid cards are readily accepted at most of the merchant outlets and ATMs across the globe Sa

fe &

Sec

ure

Pin Protection: Ensures maximum protection if the card is lost or stolen

Replaceable: In the event of the card being lost, a replacement card will be sent to the card holder and the funds transferred to the new card

Cashless travel: It is accepted at over 14 million POS locations and 10 million ATMs across the globe, reducing requirement to carry cash, hence reducing risk

Travellers Cheques is a safe and easy way to protect your money when you travel

Travellers Cheques is the preferred payment option for students travelling abroad

You can encash them only when you need to, and only against your signature, unlike cash which can be stolen and misused

Travellers Cheques are offered in major currencies like USD, GBP, Euro, CAD, AUD and JPY. These are available in various denominations to suit your needs

At present WFL offers American Express Travellers Cheques which are widely accepted at Merchant Establishments and Financial Institutions in more than 200 countries.

Travellers Cheques

Trade Remittances - Western Union Business

Solution

WFL along with Western Union Business Solutions (WUBS) enables companies to send and receive cross-border payments and manage foreign exchange

With access to over 135 currencies and a global financial network spanning more than 200 countries, we help companies better manage their international financial transactions

With the acquisition of Travelex Global Business Payments, WUBS has become the world’s leading providers of cross border payments

WUBS operates through locally licensed affiliates in more than 30 countries

Trip Toe Travels is a division of Weizmann Forex Ltd. that manages tours & travel for corporates

Trip Toe travel manages the ticketing and visa requirements for corporate clients

An IATA affiliated Tour and Travel management company

Manages tour packages for domestic and international destinations, visas and travel insurance

Tours & Travels

Travel Insurance

Weizmann Forex has tied up with best in class travel insurance companies to alleviate the risks faced while travelling towards:

Accidental Medical expenses

Illness & hospitalization while overseas

Loss of baggage

Delay in receipt of baggage beyond 12 hours

Loss of passport & travel document

About

Weizmann Impex Service Enterprise Ltd has received authorization from Reserve Bank of India to issue and operate semi closed prepaid payment instruments in India.

JaldiCash is a integrated solution platform that assists our Partners to distribute multiple services. JaldiCash can be accessed through the web www.jaldicash.com

It has a seamless payment and settlement system that integrates the digital working capital wallet of our Partners for processing transactions & receiving commissions on real time basis.

It offers the opportunity to distribute multiple products under one single ID of the Business Partners. It can be easily integrated in its partners / agents Central system in a safe and secure manner adhering to all latest security standards

It offers complete control for Head Office to monitor the transactions and performance of the branches.

http://www.jaldicash.com/





JaldiCash is backed by strong IT infrastructure and its IT systems have been audited & certified by a CISA / DISA qualified auditor.

The systems are compatible with UIDAI system for Aadhaar based authentication. It’s data centre is a Tier 4 data centre based in Mumbai. The remote data recovery site is based in Hyderabad.

It is a distributed application that is spread across 4 high-end cloud servers. All servers are within India.

It is designed in Microsoft .NET Technology and uses SQL Server 2012 as the database.It has near real time replication enabled on the database server.

About

Services offered by

Domestic Money Transfer

e-commerce Cash Solutions Agent Assisted Payments

Comprehensive Assisted Payments Platform

WALLET TOP UP & CASH IN SERVICES

AGENT ASSISTED SALES

Technology Infrastructure

Services Channels

RBI Licensed PPI UIDAI Licensed AUA / KUA BC of RBL Bank

100% Cloud Enabled Undergoes Annual VAPT Undergoes Annual Info Sec Audits by

CERT-empanelled Auditors

Weizmann has its own State-of-the-Art Service Aggregation Platform

Multiple Services like Mobile and DTH Recharge, Bill Payment, Wallet Top-ups etc are built on top of this platform.

It is available across Web and Android platforms

It is also available as a White-Label and API for third-party consumption

It also serves as an UIDAI-certified AUA / KUA

It also serves as an RBI Licensed Prepaid Instrument & has Money Transfer Services via RBL Bank

It is a secure platform that periodically undergoes Vulnerability Assessment and Penetration Testing.

The system also undergoes periodic Information Security Audits by a CERT-

empaneled CISA Auditor

State-of-the-Art Service Aggregation Platform

About

DoorstepForex.com was founded with a single objective in mind – to simplify the process of buying and selling foreign currency online by making it transparent, efficient and hassle-free.

We stand for utmost convenience to buy, sell or remit more than 20 different currencies from a single market place and delivers to 60 cities across India

Services offered by DoorstepForex.com:

Currency Notes: Currency Notes are available for 23 currencies.

Forex Prepaid Cards

Travellers Cheques

Travel Insurance

Student Pay

International Money Remittance

Benefits of

User Friendly Interface

State of the art user experience

Fast & Time saving online Buying Process

Simplified forex buying/selling flow

KYC upload/email facility

Live rate feed

Online Payment Facility

Centralized Customer Support Service

Awards & Accolades

Climbed up in ranking to 234 in Economic Times from 239 in 2015-2016

Awarded ‘Fastest Growing Foreign Exchange Company’ at the India Travel Awards

Ranked in Top 1000 companies by Business Today magazine

Award from Western Union Financial Services

The Most Dynamic Agent - South Asia Award

Best Network Building for South Asia

Network Expansion Excellence Award among the principal agents of EMEASA. (Europe, Middle East, Africa & South Asia)

Send & Receive Co- Operation Excellence Award UAE to India for EMEASA. (Europe, Middle East, Africa & South Asia)

Productive Location Champion

Business Champion – Asia Pacific Region

Location Activation Champion- Asia Pacific Region

Award from American Express

Winner of summit Award from American Express for the years from 2001 to 2016 for year on year growth on sale of travellers cheques.

HR Policies & Processes

HR Policies

Probation Period

• All employees on their 1st appointment will be on probation for a period of six/ twelve months

• All the end of this period, performance will be evaluated

Office Timings

• 10.00 am – 6.30 pm (unless rostered otherwise) • Employee will be entitled to one weekly off (Sunday) • Lunch recess: 30 minutes ordinarily between 1.00 pm to 1.30 pm unless

specifically staggered

Transfers

• Company may transfer an employee to any section, department, establishment, division under its Management or any of its affiliates, subsidiaries, group companies etc. anywhere in India or abroad which are existing or might be set up in the future

Resignation

• Employee will have to submit his resignation in writing to his/ her reporting authority. Copy of the same to be marked to [email protected]

• Notice period: As per appointment letter • However in case of breach by the employee of the company’s rules &

regulations, the company holds full right to terminate services of the employee with immediate effect

Retirement • The retirement age is 60 years

mailto:[email protected]

Leave Rules

Casual Leave (CL)

• Yearly entitlement of 9 days or proportionate thereof • Not more than 3 CL can be taken at a time (excluding Sunday & general holiday) • Un-availed CL at the end of a financial year may be allowed to be carried

forward & credited to SL account

Sick Leave (SL)

• Yearly entitlement of 7 days or proportionate thereof • Un-availed SL at the end of a financial year can be carried forward • Maximum accumulation limit: 120 days • Employee availing SL will be required to submit a medical certificate in support

thereof • SL is not eligible for encashment

Privilege Leave (PL)

• Eligible for PL @ 30 days for every completed year of service or in proportionate to the period of duty at 1 day for every day 11 working days of active service (whichever is less)

• PL can be availed not more than 3 times in a year • Maximum accumulation limit: 240 days

Maternity Leave (ML)

• Subject to the provisions of The Maternity Benefit Act, 1961 & subsequent modification

Leave Without Pay (LOP)

• Can be availed in exceptional cases only post approval from Management

Kindly refer the Service Manual for more details on the Leave Policy

Group Mediclaim Cover (GMC)

Insurance Company The New India Assurance Co Ltd

Intermediary Way2Wealth Insurance Brokers Pvt. Ltd

Policy Number Weizmann Forex: 14200034170400000014 Weizmann Impex: 14200034170400000013

Vedang Forex: 14200034170400000012

Policy Period 13th June, 17 – 12th June, 18

Policy Coverage (1+3) Employee, Spouse, 2 - Dependent Children (Max 25 Years and unmarried)

Sum Insured INR 75,000; INR 125,000; INR 200,000; INR 250,000; INR 350,000;

INR 500,000 (grade based eligibility)

Cashless Facility Yes. Applicable only for hospitals covered under Insurance Company’s

network

Pre and Post Hospitalization

30 & 60 Days Respectively

Group Personal Accident Scheme

Covers risks such as permanent disability of employee due to accident when on duty or death of any employee

Kindly refer the GMC presentation for more Policy details

Group Policy for Employees’ parents

Insurance Company The New India Assurance Co Ltd

Intermediary Way2Wealth Insurance Brokers Pvt. Ltd

Policy Number 14200034170400000011

Policy Period 13th June, 17 – 12th June, 18

Policy Coverage Family – 2 dependent Parents (upto 85 years)

Sum Insured INR 75,000; INR 125,000; INR 200,000; INR 250,000; INR 350,000;

INR 500,000 (grade based eligibility)

Cashless Facility Yes. Applicable only for hospitals covered under Insurance Comany’s

network

Pre Existing Ailments Covered

Pre and Post Hospitalization

30 & 60 Days Respectively

Kindly refer the GMC presentation for employees’ parents for more Policy details

HR team contact details

Role/ Task SPOC Name Contact No. Email ID

Recruitment & Training Ms. Sushma Shetty (Deputy Manager – HR)

022-62881617 / +91-9323493170

[email protected] [email protected]

Recruitment

Ms. Priyanka Diwale (Senior Executive – HR)

022-62881528 / +91-8291851432


Ms. Neha Gatla (Senior Executive – HR)

022-62881617 / +91-9323144967


Ms. Priya Das (Senior Executive – HR)

022-62881616 / +91-8291973847


Payroll (for all salary related matters, IT related matters, labour compliance etc.) Leave & Attendance matters Full & Final Settlement PF & ESIC (PF Transfer / Withdrawal, ESIC) Mediclaim

Mr. Umeshkumar Taak (Senior Executive – HR)

022-62881628 / +91-9323982108

[email protected]; [email protected]

Mr. Rajendra Rane (Manager – HR)

022-62881606 [email protected]; [email protected]

Mr. Mahadev Patil (Senior Manager – HR
















In case of any escalations, you can get in touch with Mr. Krishan Kumar (Head – HR) : [email protected] / 022-62881608 / +91-8879090009

HR - Operations & PMS Operations – Post joining documentation & other formalities, employment verification, appointment letter release, Transfers, Role change, Salary Revisions, Confirmations PMS - Goal setting, Increments, Variable Pay

Ms. Priyanka Phalnikar (Manager – HR)

022-62881518 / +917666955446


Ms. Shweta Kashyap (Executive – HR)

022-62881609 / +919022104940


Ms. Surabhi Joshi (Executive – HR)


Ms. Rukhsar Nazeer (Executive- HR)

022-62881513 [email protected] ; [email protected]

Ms. Amruta Gupta (Sr. Executive – HR)

022-62881645 [email protected] [email protected]








mailto:[email protected] ;




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weizmann group joining... · housing and consumer finance ... he was with indusind bank ltd, ......

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