Purshottam Kanji Exchange

Banking · Muscat ·

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Who is Purshottam Kanji Exchange

Purshottam Kanji, a traditional business conglomerate, celebrates its 100th year of successful traditional business ventures in the Sultanate of Oman. Set up in the year 1920, by Mr. Purshottam Kanji and his father Mr. Kanji, who migrated from the terrains of Kutch, Gujarat in India. started their business trading viz. in rice, sugar, edible oil and clothes. With the passage of time, in the year 1955, Purshottam Kanji started small business as a Saraf, exchanging money between Dubai and Muscat and buying and selling of pure 24 ct gold. For a decade from 1970 to 1980, Purshottam Kanji, were doing money exchange and gold business on their trade license just from Ministry of Commerce,. In the year 1980, Central Bank of Oman introduced Money Exchange regulation and M/S. Purshottam Kanji were the first company to to get the license issued by CBO to carry on Money Exchange and Draft drawing and buying and selling of gold business. Earlier, Central Bank of Oman had allowed to open only up to Seven branches. Later on they sanctioned more branches all over Oman through its length and breadth, as the country was expanding on a rapid pace under His Majesty Sultan Qaboos bin Said’s dynamic vision and wise leadership on all fronts, attracting all round business opportunities. Large number of expatriate work force was attracted to Oman for contributing their efforts for the rapid development of Oman, said Mr. Shah. To the credit of Purshottam Kanji Exchange LLC; first bank correspondence relationship was set up in the year 1980 with three Indian banks – Bank of Baroda, Corporation Bank and Catholic Syrian Bank. Today we are serving people from 21 branch outlets with more then 30 correspondent banks and Money transfer operators all over the globe. Also leading Importer and buying and selling of of 24 carat pure gold from 1 gr to 1 Kg bar, and over 130 staff members.