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India Cements Capital Ltd. (ICCL) is a part of the Chennai-based business house of The India Cements Ltd. Mr. N Srinivasan, the MD of The India cements Ltd., is the Chairman of the company. ICCL is professionally managed under the stewardship of Mr.K.Suresh, qualified CA & CS with many years of experience in the Non-Banking Finance industry. He has worked with United India Insurance & Associated with this company earlier as CFO. ICCL is engaged in the following fee-based activities:

ForXChange is the brand name under which the company extends money changing services as an RBI approved AUTHORISED DEALER CATEGORY-II. The division operates out of 17 centres spread over the country and buys and sells all major currencies. ForXChange also stocks and sells Amex Travellers Cheques,Forex Prepaid Cards of HDFC and AXIS, in addition to encashing Visa and Masters travellers Cheques. The division is headed by Mr.K.Suresh - President & CEO.

Coromandel Travels is the division engaged in extending comprehensive travel related services like ticketing (international and domestic), hotel bookings, car rentals, leisure packages within India and abroad, and miscellaneous services like passport issuance and visa processing .The services are extended out of seven locations namley Chennai, Mumbai, New Delhi, Kolkota, Bangalore, Hyderabad, and Gawuhati. The division is headed by Mr.K.Suresh - President & CEO.

The Midas Forex Advisory division extends professional guidance in Forex risk management to importers and exporters. The clients are provided access to the ever-changing foreign exchange markets through a well-equipped dealing room. Reports on the movement of various currencies with expert comments by professionals are made available to the clients at daily, mid-day and weekly intervals. Specific advice on deals or blanket advice options are also provided to help the clients hedge risks in the exchange market.

ICCL has a subsidiary company by name India Cements Investment Services Ltd. which is a corporate member of the NSE and is engaged in share broking activities. The company deals in Cash market and Futures & Options and extends DP services.

 
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