Akshar Forex Private Limited
About Akshar Forex Private Limited
Data last updated:
Akshar Forex Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 24 May 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67100GJ2010PTC060879. Its GSTIN is 24AAOCS3502N1Z4 (Gujarat).
The company has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹26 Lakh. It was formerly known as Day to Day Forex Private Limited and Swagat Commodities Private Limited. It is led by directors Piyush Manharlal Chauhan and Kusum Manharlal Chauhan.
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 Shrijinivasstreetno5 Jagnath, Rajkot, Gujarat, India – 360002.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.11 Cr, a growth of 122% compared to the previous year. For the same year it recorded a net profit of ₹35,674 (net margin 0.1%) and EBITDA of ₹35,674 (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 372% over three years and 228% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Name History of Akshar Forex Private Limited
Akshar Forex has undergone 3 name changes throughout its history. The company was previously known as Day To Day Forex Private Limited, Swagat Commodities Private Limited, and Dalsi Forex Private Limited. The current legal name is Akshar Forex Private Limited.
| Company Name | Status |
|---|---|
| Akshar Forex Private Limited | Current |
| Day To Day Forex Private Limited | Previous |
| Swagat Commodities Private Limited | Previous |
| Dalsi Forex Private Limited | Previous |
CIN History of Akshar Forex Private Limited
Akshar Forex has one previous CIN (Corporate Identification Number): U51109GJ2010PTC060879. The current CIN is U67100GJ2010PTC060879, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67100GJ2010PTC060879 | Current |
| U51109GJ2010PTC060879 | Previous |
- EmailLocked
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- WebsiteLocked
- Social MediaLocked
- Registered AddressShrijinivasstreetno5 Jagnath, Rajkot, Gujarat, India – 360002
- IndustryFinancial Services, Financial Activities
- 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 Akshar Forex Private Limited
The main business activity of Akshar 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 Akshar Forex Private Limited FY 2025 filings available
Akshar Forex Private Limited reported revenue of ₹4.11 Cr (up 122% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Akshar Forex Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 228% over five years, including 122% growth in the latest year. EBITDA rose 110% 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 Akshar Forex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹35,674 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹35,674 | •••• | •••• | •••• | •••• |
| 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 Akshar Forex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 Akshar Forex are in the company report.
Financial statements from 2015
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 Akshar Forex Private Limited
Akshar Forex has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Piyush Manharlal Chauhan | Director | 01 May 2016 | 10 Years 5 Months | Current |
| Kusum Manharlal Chauhan | Director | 01 May 2016 | 10 Years 5 Months | Current |
Peer Comparison of Akshar Forex Private Limited
Akshar Forex Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Newyear Kuries Private Limited | ₹4.12 Cr (FY 2024) | •••• | •••• | -12.0% | •••• | Kechery, Kerala, India |
| Inter-Active Technologies Private Limited | ₹4.12 Cr (FY 2025) | •••• | •••• | -66.0% | •••• | Ahmedabad, Gujarat, India |
| Chandi Precise Tubes Limited | ₹4.12 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Chandigarh, India |
| Home Plus Finance Private Limited | ₹4.11 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Madurai, Tamil Nadu, India |
| Sivamurugan Chit Funds Private Limited | ₹4.11 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Chidambaranar, Tamil Nadu, India |
| Akshar Forex Private Limited this company | ₹4.11 Cr (FY 2024) | •••• | •••• | 122.0% | •••• | Rajkot, Gujarat, India |
| Harmony Insurance Broking Private Limited | ₹4.11 Cr (FY 2024) | •••• | •••• | 13.0% | •••• | Mumbai, Maharashtra, India |
| Paramount Fintrade Pvt.Ltd. | ₹4.11 Cr (FY 2019) | •••• | •••• | -100.0% | •••• | Odisha, India |
| Dadra Andn.Haveli Daman Anddiu Sc\St Obc Andmin.Fin Anddev.Corpn. Ltd | ₹4.11 Cr (FY 2025) | •••• | •••• | 11.0% | •••• | Dadra and Nagar Haveli, India |
| Vanpool Consulting and Advisory Private Limited | ₹4.11 Cr (FY 2019) | •••• | •••• | 318.0% | •••• | Mumbai, Maharashtra, India |
| Image Insurance Brokers Private Limited | ₹4.11 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Akshar Forex by revenue in the same principal business activity (Other financial activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Akshar Forex Private Limited
Akshar Forex Private Limited is audited by P. H. PATEL & ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P. H. PATEL & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Akshar 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 Akshar Forex Private Limited
Akshar Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Akshar Forex Private Limited
Employment history and EPFO contributions of people linked to Akshar Forex.
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 Akshar Forex Private Limited
Akshar Forex Private Limited has 6 board changes on record since 2013: 2 appointments and 4 cessations. The latest: Brijeshkumar Shantilal Kalola ceased to be Director on 03 May 2016.
Credit Ratings, Litigation & Regulatory Alerts for Akshar 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 Akshar 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 Akshar 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 Akshar Forex Private Limited
Akshar Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAOCS3502N1Z4 | Gujarat | Active | 27 May 2019 |
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 Akshar 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 Akshar Forex Private Limited
Akshar Forex is an active private limited company based in Rajkot, Gujarat, India. The company works in financial activities, within the financial services industry. It was incorporated on 24 May 2010 (16+ years old) and is registered under CIN U67100GJ2010PTC060879.
Akshar Forex reported revenue of ₹4.11 Cr for FY 2024 (up 122% YoY).
Akshar Forex has 2 current directors:
- Piyush Manharlal Chauhan - Director
- Kusum Manharlal Chauhan - Director
Akshar Forex reported a net profit of ₹35,674 (net margin 0.1%) and EBITDA of ₹35,674 (EBITDA margin 0.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Akshar Forex is 372% over three years and 228% over five years. In the latest year (FY 2024) revenue rose 122%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Akshar Forex is 24AAOCS3502N1Z4, registered in Gujarat.
The CIN (Corporate Identification Number) of Akshar Forex is U67100GJ2010PTC060879. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akshar Forex was incorporated on 24 May 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Akshar Forex by revenue are Newyear Kuries Private Limited, Inter-Active Technologies Private Limited, Chandi Precise Tubes Limited, Home Plus Finance Private Limited, Sivamurugan Chit Funds Private Limited and 5 more, all in the same principal business activity (Other financial activities).
Brijeshkumar Shantilal Kalola ceased to be Director on 03 May 2016. Shantilal Thakarshibhai Kalola ceased to be Director on 03 May 2016. Kusum Manharlal Chauhan was appointed as Director on 01 May 2016. Akshar Forex has 6 board changes on record in total.
The registered office of Akshar Forex is at Shrijinivasstreetno5 Jagnath, Rajkot, Gujarat, India – 360002.