Company Profile

Ravi Exchange Company (Pvt) Limited (RECL) Pakistan’s largest Exchange Company was established in 2005. Over the years, RECL has grown its branch network and maintained its position as the largest Exchange House in the Country with over 128 branches and serving over 1 Million pa customers across Pakistan including A J & K. RECL is shaping the future through a paradigm shift as a “Technology Company”. RECL is helping get closer to its customers through innovative ways.

RECL is a leading full service Exchange Company. 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, Intel Express and Branchless Banking, while playing significant role towards building Country’s Foreign Reserves

Currency Exchange business is the mainstay of RECL, positioning RECL as the largest exchange house catering to all market segments plays a key role in country’s domestic markets. As the leading financial institution of Pakistan RECL is at the forefront of all development initiatives which includes growth of Home Remittances, while RECL remained committed to its objective of financial inclusion apart from adoption of digitization through installation of Automated Currency Exchange ATMs etc. and credit of remittance proceeds directly to Beneficiary’s accounts using 1 Link switch.

Board of Directors

Sheikh Allauddin

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

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.

Global Remittance Partner

Ria
inteli express
Western Union