Ebix Inc. Emerges Stronger Post Chapter 11 Restructuring

Ebix Inc., renowned for its on-demand software and e-commerce services, has successfully concluded its Chapter 11 restructuring, emerging as a financially fortified entity. The company, which serves multiple industries globally and employs over 12,000 people, remains debt-free and firmly focused on continuing its profitable growth with a new operational model.

Ebix Inc., a prominent provider of on-demand software and e-commerce services, has triumphantly emerged from its Chapter 11 restructuring process. Now debt-free, the company stands stronger, poised for future growth and continued profitability.

Ebix's swift exit from Chapter 11, completed in under nine months, was marked by a U.S. court-approved restructuring plan. The resolution saw the involvement of Sidley lawyers from various global offices and professionals from several multinational firms.

Under the leadership of founder Robin Raina, who will continue as CEO and Chairman, Ebix has consolidated into Eraaya LifeSpaces Limited's umbrella. Despite the restructuring, Ebix promises ongoing, exceptional service to its global client base, including major corporations and government entities. The company aims to leverage its international support for further expansion and profitability.

(With inputs from agencies.)