Tuesday, May 20, 2008

Anil Kapur

"Western Union today is the lifeline of the rural poor in India. That epitomises our business today and that defines who we are."

Anil Kapur, MD-South Asia, Western Union Money Transfer

May 20, 12.30 pm

1 comment:

Murali said...


Mr. Kapur is currently responsible for managing and developing the Western Union business in South Asia constituting India, Sri Lanka, Nepal, Bangladesh, Maldives & Bhutan.

Mr. Kapur has been with Western Union over six years now and assumed responsibility for the India business in December 2001. In October 2002, he assumed responsibility for the entire South Asia business. Under his leadership, the business in India has grown in leaps and bounds with Western Union becoming a significant and visible player in the remittance business in India. In recognition of Western Union’s strong performance in South Asia, the Western Union South Asia Team has won several Global awards at the Western Union Global conferences in 2004 & 2005. Prior to his stint in India, Mr. Kapur was responsible for developing the business for Western Union in the Gulf countries.

Mr. Kapur commenced his career over 16 years ago when he joined ANZ Grindlays bank and spent the next 8 years with them in different parts of the retail banking business in India. In his last assignment, he was heading the Non Resident Indian business for the bank in UAE and Oman. Mr. Kapur also spent two years with Mashreq Bank, a leading Dubai bank where he was heading their retail loans portfolio.

Mr. Kapur is an alumni of the Doon School, Dehradun and graduated from Hansraj College, University of Delhi with a B.Com, Honors Degree. He completed his MBA in Finance and Marketing from the University of Connecticut, USA.

Mr. Kapur is married with 2 daughters and currently settled in Mumbai. He enjoys playing squash and golf. Mr. Kapur is an active member of the American Chamber of Commerce in India and the Indo-American Chamber of Commerce.
The Western Union Company

India Fact Sheet

According to the Resesrve Bank of India, the country recieved USD 29.0 bn in 2006-2007
Western Union has been present in India since 1993, opening its first Agent location in Delhi
Western Union India has over 63 employees working in 6 offices across the country
The staff is responsible for more than 50,000 Agent locations across over 5,000 cities and towns
11 Principal Agents: Andhra Bank, Centurion Bank of Punjab, India Post, ING Vysya Bank, Karnataka Bank Ltd., Reliance Money, Paul Merchant Ltd., Transcorp International Ltd, Weizmann Ltd, SBI and Wall Street Finance.
In India, India Post is the biggest Agent of Western Union, with over 8,500 post offices agent locations across 5,000 cities and towns.WU has conducted more than 1,000 grass-root programs, training over 10,000 Post officials. India Post encourages thousands of new consumers to open post office accounts
Western Union works with over 30 leading banks-SBI,PNB,BoB, Allahabad Bank,Centurion Bank of Punjab,Karnataka bank,Andhra Bank,UCO Bank etc
60 percent of our business in India comes from rural areas

Growth in India

2001: Just over 3,000 Agent Locations
2005: 21,000 Agent Locations (April 2005)
January 2008: 50,000 Agent Locations
Doubled our Network in India in just 2 years
Recent Launches/Milestones

In November 2007, Western Union and State Bank of India signed Bharati Airtel for implementing a Mobile Money Transfer Service pilot in India
In February 2007, Reliance Money became a Principal Agent of Western Union in India
In January 2008, Western Union celebrated the opening of the company’s 50,000 Agent location in India

Community involvement

2007 - USD 100,000 towards flood relief in India
2005 – USD 1.5 Mn towards Tsunami Relief in India and South Asia
WU partners with NGO Naz India to run its ‘Care Home’ – a treatment centre for HIV patients
Works with Developmental Agency Saathi to improve the lives of runaway youth and adolescent girl and NGO Samathan’s project of building an educational facility for the visually impaired



Screening transactions for names identified under all relevant international sanction programs.
These lists are generated by various government and law enforcement agencies around the world, including the United Nations and the European Union and are not limited to or focused on any particular nationality
RBI Regulations Related:

As an American company WU and its agents bound to abide by FinCEN rules
This recordkeeping preserves a financial trail for investigators to follow as they track criminals and their assets


320,000 agent locations
According to The World Bank, the number of worldwide immigrants is nearly 200 million or approximately 3% of the world’s population.
Western Union’s India and China transactions grew 69% and 28%, respectively
Revenue growth for the quarter in each of these two countries exceeded 40%
Agreement with GSMA, the global trade association representing more than 700 mobile phone operators throughout the world
Namrata Mishra
Senior Associate
Genesis Burson-Marsteller
1st floor Elegant House | Raghuvanshi Mill Compound, Lower Parel | Mumbai 400 013 , Maharashtra, India | Website: www.genesisbm.in
Email:namrata.mishra@bm.com|Mob: +91 9820536574
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