Adorn Forex Private Limited
About Adorn Forex Private Limited
Data last updated:
Adorn Forex Private Limited is a private limited company based in Ahmedabad, Gujarat, India. The company is currently under process of striking off by the Registrar of Companies. The removal process has been initiated but is not yet final, and the company may be struck off soon. It operates in the financial auxiliary services segment of the financial services sector. It was incorporated on 18 December 2017.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67190GJ2017PTC100197. Its GSTIN is 24AAQCA3477N1Z2 (Gujarat).
The company has an authorised share capital of ₹27 Lakh and a paid-up capital of ₹27 Lakh. It is led by directors Ramzan Razak Khan and Subhash Mallappa Koli.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ahmedabad, Gujarat.
As per the financials filed for FY 2023, the company reported a revenue of ₹7.66 Lakh, a decline of 58% compared to the previous year. For the same year it recorded a net loss of ₹26,240 (net margin -3.4%) and EBITDA of -₹22,780 (EBITDA margin -3%). Revenue has declined at a compounded annual rate (CAGR) of 60% over three years.
Company details
Contact details
Adorn Forex Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressShop No 136 Avinash Estate Owners Association Chinubhai Tower Nr H K College Ashra, M Road, Ahmedabad, Gujarat, India – 380009
- IndustryFinancial Services, Auxiliary To Financial Intermediatory
To see the full contact details of Adorn Forex Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Financials of Adorn Forex Private Limited
FY 2024 filings availableAdorn Forex Private Limited reported revenue of ₹7.66 Lakh (down 58% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 60% over three years, including a 58% fall in the latest year. EBITDA fell 194% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
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| EBITDA | -₹22,780 | ||||
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| Net Profit (PAT) | -₹26,240 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA Margin | -3% | ||||
| Net Profit Margin | -3.4% | ||||
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To see the full financial statements and ratios of Adorn Forex Private Limited, buy the company report.
Board of directors of Adorn Forex Private Limited
Adorn Forex has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramzan Razak Khan Also directs: Fahim Forex Private Limited, Finex Forex & Equity Services Private Limited, Sahmuk Tours & Forex Private Limited and 3 more | Director | 30 Jun 2023 | 3 Years 3 Months | Current |
| Subhash Mallappa Koli | Director | 25 Mar 2023 | 3 Years 7 Months | Current |
Legal cases
No court or tribunal cases involving Adorn Forex Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Adorn Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Adorn Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAQCA3477N1Z2 | Gujarat | Active | 03 Jul 2018 |
To see the full GST registrations and return filing status of Adorn Forex Private Limited, buy the company report.
Recent activity
Adorn Forex Private Limited has 7 board changes on record since 2022: 2 appointments and 5 cessations. The latest: Naim Mueen Sayyed ceased to be Director on 07 Aug 2023.
Frequently asked questions
Adorn Forex is currently "Under Process of Striking Off" as per MCA records. The Registrar of Companies has initiated the process to remove the company from the register, typically due to non-filing of statutory returns. This process is not yet final, but the company may be struck off soon. Caution is advised before entering into any agreements with this entity.
Adorn Forex is a company pending strike off, currently registered as a private limited company based in Ahmedabad, Gujarat, India. The company works in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 18 December 2017 and is registered under CIN U67190GJ2017PTC100197. The company may be struck off soon - caution is advised.
The compliance status of Adorn Forex is compliant as of 23 August 2026.
Adorn Forex has 2 current directors:
- Ramzan Razak Khan - Director
- Subhash Mallappa Koli - Director
The CIN (Corporate Identification Number) of Adorn Forex is U67190GJ2017PTC100197. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Adorn Forex was incorporated on 18 December 2017. It is registered with the Registrar of Companies, Ahmedabad.
The registered office of Adorn Forex is at Shop No 136 Avinash Estate Owners Association Chinubhai Tower Nr H K College Ashra, M Road, Ahmedabad, Gujarat, India – 380009.
The latest financial statements of Adorn Forex on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Adorn Forex is 24AAQCA3477N1Z2, registered in Gujarat.
Adorn Forex operates in the financial services industry, in the auxiliary to financial intermediatory segment.