WSFX Global Pay appoints Chethan S.A. and Vanishree Visrodia to C-suite roles

1 min read Updated on 25 Jun 2026, 04:17 PM

Reviewed by

Jubin VScanX News Team

AI Summary

WSFX Global Pay has promoted Mr. Chethan S.A. to Chief Business Officer and Ms. Vanishree Visrodia to Chief Product Officer & Head - Strategic Alliances, effective April 1, 2026. Mr. Chethan, with over 20 years of experience, oversees business portfolio and sales, while Ms. Vanishree, also with 20 years of experience, leads product strategy and alliances. The company disclosed these appointments under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

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WSFX Global Pay has strengthened its leadership team by promoting Mr. Chethan S.A. to the position of Chief Business Officer (CBO) and Ms. Vanishree Visrodia to the role of Chief Product Officer & Head - Strategic Alliances. Both appointments are effective from April 1, 2026, as disclosed to the stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Mr. Chethan brings over 20 years of experience in the Forex and Remittance industry to his new role. Having joined the company in September 2017, he has been a key driver of the company's revenue engine for over eight years. In his capacity as CBO, he continues to manage the business portfolio, overseeing B2B Sales, Retail, Student Business, Operations, and Card Distribution. His previous tenure includes serving as the National Head for Remittance at Essel Finance VKC Forex Ltd.

Ms. Vanishree, an integral part of the organization since October 2017, assumes the new role of Chief Product Officer & Head - Strategic Alliances. She possesses over 20 years of experience in the money changing and Forex industry. Prior to this elevation, she served as Head of Strategic Alliances & Corporate Tie-ups (India) at WSFX Global Pay, where she drove corporate revenue growth and managed key platform integrations. Her career history includes associations with industry leaders such as VKC Forex and Centrum Direct.

The company submitted the necessary details regarding these changes in designation to BSE Limited. The filing included the brief profiles of both appointees, confirming that neither appointment pertains to a directorship, rendering the disclosure of relationships between directors not applicable.

Executive Appointments

The following table summarizes the key details of the appointments:

Name	Designation	Effective Date
Mr. Chethan S.A.	Chief Business Officer	April 01, 2026
Ms. Vanishree Visrodia	Chief Product Officer & Head - Strategic Alliances	April 01, 2026

Historical Stock Returns for WSFX Global Pay

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.91%	-1.10%	+0.78%	+2.50%	-9.18%	+186.57%

How will the combined expertise of the new CBO and CPO influence WSFX Global Pay's market share in the competitive Forex and remittance sector?

What specific product innovations or strategic alliances can be expected under Ms. Visrodia's leadership as Chief Product Officer?

How will Mr. Chethan's expanded role as CBO impact the company's revenue growth trajectory, particularly in B2B and retail segments?

Financial Performance

For the financial year ended March 31, 2026, the company reported a total income of ₹111.96 crore, up from ₹89.12 crore in the previous year. Revenue from operations for the year increased to ₹107.94 crore from ₹86.51 crore in FY25. Total expenses for the year rose to ₹103.93 crore compared to ₹82.50 crore in the prior year.

The net profit after tax for FY26 stood at ₹6.14 crore, a significant increase from ₹3.47 crore in the previous year. For the quarter ended March 31, 2026, the company reported a net profit of ₹0.55 crore, compared to a net loss of ₹1.87 crore in the corresponding quarter of the previous year.

Particulars	Year Ended 31-Mar-26 (Audited)	Year Ended 31-Mar-25 (Audited)
Total Income	111.96	89.12
Revenue from Operations	107.94	86.51
Other Income	4.02	2.60
Total Expenses	103.93	82.50
Net Profit / (Loss) after tax	6.14	3.47

Operational Highlights

The company delivered a Gross Turnover (GTO) of ₹6,382 crore for FY26, a 12% YoY increase. Digital channels contributed 72% of the total GTO, reflecting a structural shift towards asset-light models. The EBITDA margin stood at 13%, while the Return on Equity (ROE) was recorded at 15%. The company maintained a zero-debt balance sheet.

Segment Performance

The student segment grew by 12% YoY in FY26, outperforming the market which contracted by 20% due to geopolitical headwinds. The corporate segment grew by 20% YoY, driven by 900+ enterprise relationships. The retail segment, supported by 21 branches, addressed a TAM of $18.5 billion+.

Dividend Declaration

The board of directors has recommended a final dividend of ₹1.50 per equity share, which is 15% of the face value of ₹10 each, for the financial year ended March 31, 2026. This dividend is subject to the approval of shareholders at the ensuing Annual General Meeting.

Strategic Outlook

The company highlighted that the recently announced RBI FEMA 2026 regulatory framework marks a transformational milestone for the AD-II industry. Management expressed confidence in sustaining growth momentum, supported by diversification beyond U.S. student corridors and the expansion of corporate forex relationships.

Historical Stock Returns for WSFX Global Pay

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+2.91%	-1.10%	+0.78%	+2.50%	-9.18%	+186.57%

How will the RBI FEMA 2026 regulatory framework specifically impact WSFX Global Pay's competitive positioning relative to larger AD-I category banks in the forex market?

Given the student segment's 12% growth despite a 20% market contraction, which new geographies or corridors beyond the U.S. is the company targeting to sustain this outperformance in FY27?

With digital channels already contributing 72% of GTO, what is the company's roadmap for monetizing its digital infrastructure and could it pursue a B2B white-label forex platform model?