Affordable Forex Private Limited
About Affordable Forex Private Limited
Data last updated:
Affordable Forex Private Limited is a private limited company based in Bhopal, Madhya Pradesh, India. It operates in the forex services segment of the financial services sector. It was incorporated on 24 December 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U65999MP2020PTC054267.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Ritesh Jadhav and Pankaj Kumar Verma.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Shop No. Mb – 29 Block – B Mansarover Complex Habibganj Huzur, Bhopal, Madhya Pradesh, India – 462016.
As per the financials filed for FY 2025, the company reported a revenue of ₹21.97 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹1.74 Lakh (net margin 0.1%) and EBITDA of ₹2.78 Lakh (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 58% over three years.
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- Registered AddressShop No. Mb – 29 Block – B Mansarover Complex Habibganj Huzur, Bhopal, Madhya Pradesh, India – 462016
- IndustryFinancial Services, Forex Services
- 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
- One PDF report, delivered after checkout
Business Activity of Affordable Forex Private Limited
The main business activity of Affordable Forex is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Affordable Forex Private Limited FY 2025 filings available
Affordable Forex Private Limited reported revenue of ₹21.97 Cr (down 13% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Affordable Forex Private Limited
Revenue fell 13% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 58%. EBITDA rose 40% 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 of Affordable Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹2.78 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.74 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Affordable Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Affordable Forex are in the company report.
Financial statements from FY 2021
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Board of Directors of Affordable Forex Private Limited
Affordable Forex has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ritesh Jadhav | Director | 24 Dec 2020 | 5 Years 9 Months | Current |
| Pankaj Kumar Verma | Director | 10 May 2023 | 3 Years 5 Months | Current |
Peer Comparison of Affordable Forex Private Limited
Affordable Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| KCG Travels & Forex Private Limited | ₹22.16 Cr (FY 2023) | •••• | •••• | 13.0% | •••• | Nababhat, West Bengal, India |
| Bhakar Forex Private Limited | ₹22.1 Cr (FY 2024) | •••• | •••• | 132.0% | •••• | Kurukshetra, Haryana, India |
| Jyoti Money Exchange Private Limited | ₹22.04 Cr (FY 2023) | •••• | •••• | 153.0% | •••• | New Delhi, Delhi, India |
| Genuine Travels Private Limited | ₹22 Cr (FY 2025) | •••• | •••• | -60.0% | •••• | Kolkata, West Bengal, India |
| S.L.N. Forex Services Private Limited | ₹22 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Bangalore, Karnataka, India |
| Affordable Forex Private Limited this company | ₹21.97 Cr (FY 2025) | •••• | •••• | -13.0% | •••• | Bhopal, Madhya Pradesh, India |
| Rose India Tour Managers Private Limited | ₹21.88 Cr (FY 2024) | •••• | •••• | 54.0% | •••• | Thiruvananthapuram, Kerala, India |
| Raj Foreign Exchange & Importers Private Limited | ₹21.86 Cr (FY 2024) | •••• | •••• | 134.0% | •••• | Pune, Maharashtra, India |
| Gowri Forex and Travels Private Limited | ₹21.78 Cr (FY 2025) | •••• | •••• | 11982.0% | •••• | Chennai, Tamil Nadu, India |
| U.S. Sai Forex Private Limited | ₹21.74 Cr (FY 2025) | •••• | •••• | -1.0% | •••• | Bangalore, Karnataka, India |
| Goldenize Forex and Travels Private Limited | ₹21.74 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Affordable Forex by revenue in the BFSI industry (Money Exchange Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Ownership and Shareholding of Affordable Forex Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Affordable Forex Private Limited
Affordable Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Affordable Forex Private Limited
Affordable Forex Private Limited has a workforce of 0 employees as of Apr 06, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Affordable Forex Private Limited
Affordable Forex Private Limited has 4 board changes on record since 2020: 2 appointments and 2 cessations. The latest: Pankaj Kumar Verma ceased to be Additional Director on 07 Sep 2023.
Credit Ratings, Litigation & Regulatory Alerts for Affordable Forex Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Affordable Forex Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Affordable Forex Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Affordable Forex Private Limited
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Affordable Forex Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Affordable Forex Private Limited
Affordable Forex is an active private limited company based in Bhopal, Madhya Pradesh, India. The company works in forex services, within the financial services industry. It was incorporated on 24 December 2020 (6+ years old) and is registered under CIN U65999MP2020PTC054267.
Affordable Forex reported revenue of ₹21.97 Cr for FY 2025 (down 13% YoY).
Affordable Forex has 2 current directors:
- Ritesh Jadhav - Director
- Pankaj Kumar Verma - Director
Affordable Forex reported a net profit of ₹1.74 Lakh (net margin 0.1%) and EBITDA of ₹2.78 Lakh (EBITDA margin 0.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Affordable Forex is 58% over three years. In the latest year (FY 2025) revenue fell 13%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Affordable Forex is U65999MP2020PTC054267. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Affordable Forex was incorporated on 24 December 2020, making it 6+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Affordable Forex by revenue are KCG Travels & Forex Private Limited, Bhakar Forex Private Limited, Jyoti Money Exchange Private Limited, Genuine Travels Private Limited, S.L.N. Forex Services Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Pankaj Kumar Verma ceased to be Additional Director on 07 Sep 2023. Ashish Shrivastava ceased to be Director on 10 May 2023. Pankaj Kumar Verma was appointed as Director on 10 May 2023. Affordable Forex has 4 board changes on record in total.
The registered office of Affordable Forex is at Shop No. Mb – 29 Block – B Mansarover Complex Habibganj Huzur, Bhopal, Madhya Pradesh, India – 462016.
Affordable Forex has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh.