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At a glance
20 Lakhs - 30 Lakhs
Investment Range
On Inquiry
Franchise Count
101 - 500 sq.ft
Area Required
On Inquiry
Payback Period
11
Years in Franchising

Finwave Forex Pvt Ltd Franchise

About Us: We are an RBI-approved and authorized money changer, specializing in currency exchange and foreign wire transfer services. Our journey began in October 2014, and we have earned recognition for our exceptional services. Notably, we received the Best Foreign Exchange Award from Gujarat Tourism and the Best Performance Award from ICICI BANK.

In the past year, our company achieved a remarkable turnover of over 50 crores. Currently, we operate from a single outlet, but we are poised for expansion into the vibrant markets of Gujarat and Maharashtra.

Our director, Bhrugesh Vyas, brings over 15 years of invaluable experience in this field. He has previously worked with esteemed organizations such as PAUL MERCHANTS LTD, CENTURION BANK OF PUNJAB, where he played a pivotal role in the development of forex and money transfer services in Gujarat and Madhya Pradesh.

Our company is governed by a board of directors consisting of two accomplished professionals, backed by a dedicated investor.

Business Services Foreign Exchange (Forex) B2C Owner-Operated Individual
Investment and financials
Cost overview
Investment range 20 Lakhs - 30 Lakhs
Franchise / Brand fee On Inquiry
Royalty / Commission On Inquiry
Investment tier Mid-High
Area required 101 - 500 sq.ft
Staff required 2 - 5
Setup complexity Moderate
Business term Lifetime
Renewal available Yes
Returns outlook
Expected monthly revenue
₹2.1L – 6.2L
Revenue model Low
Business model B2C
Break-even
Capital payback On Inquiry
Capital sensitivity Low
Investor fit profile
Operations
Operation mode Owner-Operated
Location type Commercial/Mall
Property required Commercial/Mall
Home-based possible No
Can run part-time No
Primary customer Individual
Market characteristics
Seasonality High
Recession resistance High
Digital integration High
Years in franchising 11 Years
Avg units / year
Ideal for
Established small business owner Mid-level corporate professional
Expansion territories

Accepting franchise applications in 4 states & UTs

West India 3 states
East India 1 state
Franchise support
Provided by brand
Not provided by brand
Data not available
Tax System Inclusion
Franchise Manuals
Head Office Support
Field Assistance
Agreement Template
Marketing Co-op Fund
Training and agreement details
Training location
Information Not Available
Business term
Lifetime
Renewal available
Yes
Brand strength
11 Years
Years Franchising
Avg Units / Year
2014
Founded
C
Brand Tier
C
Tier C — Startup brand with early market presence
A+Established AMature BGrowing CStartup
Startup
Forefind rank history
Current rank
#
Business Services category
2025
Based on Forefind scoring model
Licences and compliance
Required licences and registrations for operating this franchise in India. Requirements may vary by state and city tier.
RBI Authorized Money Changer
Setup complexity:
Moderate

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    Key facts
    Investment 20 Lakhs - 30 Lakhs
    Monthly revenue ₹2.1L – 6.2L
    Payback Period N/A
    Business term Lifetime
    Area required 101 - 500 sq.ft
    Staff required 2 - 5
    Brand tier C

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