Company Profile
Ravi Exchange Company (Pvt.) Limited (RECL) established under Companies Ordinance 1984 and licensed (A) Category Exchange Company by State Bank of Pakistan. The Company has its registered Head Office at 29-Montgomery Road Lahore, Pakistan and started its operation with effect from 25th February 2005. RECL is the largest Exchange Company with over 150 branches spread all over Pakistan including A J & K. We have presence in all major cities, small towns including far flung areas of Pakistan.
RECL is led by a trusted Board of Directors and highly professional team of Senior Managers who have been in a money market since 1990 and beyond. The key areas of operation are exchange of global Foreign Currencies and Home Remittances being partner of world class and multinational remitting Companies that include but not limited to Western Union, RIA, MoneyGram and Branchless Banking, while playing significant role towards building Country’s Foreign Reserves.
One of the most unique features of Ravi Exchange is our commitment to offer guaranteed exchange rates to our customers. RECL is further committed to offer innovative products using state of art technology to its customers connecting through leading global channels of exchange companies in a fully complied regulatory environment.
Board of Directors
Sheikh Allauddin
Chairman
Sheikh Allauddin is a well-known business personality among corporate circles. He holds a wide array of business portfolio ranging from automobiles to financial services. He is also an elected president of the “Exchange Companies Association of Pakistan”. He obtained the degree of MA (Political Science) in 1970 from University of the Punjab, Lahore. He is also a Member of the Provincial Assembly of the Punjab and remained Member of the Provincial Assembly of the Punjab during 2005-07 and 2008-13. He is functioning as Minister for Industries, Commerce and Investment. He also served as Chairman, Punjab Land Development Company.
Sheikh Muhammad Omer
Director
Sheikh Muhammad Omer is an experienced and yet humble businessman with a political background. He is a successor of a versatile business tycoon Sheikh Allauddin. He has an extensive knowledge and experience of exchange business, with almost two decades in the LOB, he has managed to raise Ravi Exchange as the largest exchange network in Pakistan. He is a Director in a group of companies that include Toyota Ravi Motors, Toyota Shaheen Motors, Toyota Sahiwal Motors, Toyota Ravi Motors 1S, Al Rahim Homes, Synergysoft International, Shaheen Enterprises and Ravi Exchange Company (Pvt.) Limited. He is also running a charity by the name of Omer Citizen Community Board and Zubaida Rafiuddin Trust. He holds a master’s degree in Business Administration with specialization in Finance session 1994-96 from IBA PU. He got various certificates in law and banking from Institute of Bankers of Pakistan and also is an active member of Marketing Association of Pakistan.
Global Remittance Partner
