Vikas Group acquires Ebix

Ebix Travel Group and Vikas Group marked 50 years of success with a grand celebration at Taj Palace in New Delhi recently. Vikas Group has acquired Ebix Inc, paving the way for ‘Ebix 2.0’ and future growth.

Janice Alyosius

Ebix Travel Group and Vikas Group recently marked a monumental milestone with a spectacular evening at Taj Palace, Delhi. The grand event celebrated 50 years of success and legacy for both organisations and ushered in a new chapter in their journey. Naveen Kundu, Managing Director, Ebix Travel Group, revealed that Ebix Inc has been acquired by Vikas Group. “We are thrilled to announce that Ebix Inc is now a part of Vikas Group, marking the beginning of Ebix 2.0,” said Kundu. “This milestone coincides with the 50 glorious years of both Vikas Group and Ebix Inc. Our journey is now aligned with India’s national goals of growth and development. With fintech and digitisation at our core, Ebix 2.0 is committed to driving transformation in line with the government’s vision for a developed nation,” he added.

The acquisition reinforces Vikas Group’s ambition of global expansion and innovation, ensuring that Ebix remains at the forefront of industry evolution. The timing of this announcement is particularly significant, as it coincides with the golden jubilee celebrations of both Vikas Group and Ebix Inc, making it a truly momentous occasion.

With Ebix 2.0, Kundu envisions a future of resilience and strategic growth. “Our agenda is clear. We aim to move upwards and northwards, leveraging our strong business fundamentals to make Ebix a powerhouse in the industry. Vikas Group that now owns Ebix is rooted in India, and this aligns with India’s growth story as a rising global power,” Kundu said.

Looking ahead, Ebix 2.0 is set to redefine industry standards through innovation, customer-centric solutions, and strategic global positioning. Kundu said, “India is a growing economy, and we must ensure that we align ourselves with this momentum.”