About Angel Forex Private Limited
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Angel Forex Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the forex services segment of the financial services sector. It was incorporated on 09 July 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67190GJ2012PTC071049. Its GSTIN is 24AAKCA7223N1ZG (Gujarat).
The company has an authorised share capital of ₹10.8 Cr and a paid-up capital of ₹10.5 Cr. It is led by directors including Amit Radheshyam Tapadia and Alkaben Hiteshkumar Jadav.
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 17 F – Maradia Plaza Nr. Panchwati Petrol Pump Ellishbridge, Ahmedabad, Gujarat, India – 380009.
As per the financials filed for FY 2026, the company reported a revenue of ₹72.43 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net profit of ₹14.03 Lakh (net margin 0.2%) and EBITDA of ₹21.4 Lakh (EBITDA margin 0.3%). Revenue has grown at a compounded annual rate (CAGR) of 7% over three years and 204% over five years.
The company is associated with 2 brands: Angle Forex and Angel Forex. Court records list 2 cases involving the company, including 2 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website angelforexindia.com.
Company details
Contact details
Angel Forex Private Limited's registered office is in Ahmedabad, Gujarat. Its website is angelforexindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address17 F – Maradia Plaza Nr. Panchwati Petrol Pump Ellishbridge, Ahmedabad, Gujarat, India – 380009
- IndustryFinancial Services, Forex Services
To see the full contact details of Angel 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
Brands
Angel Forex operates two associated brands: Angle Forex and Angel Forex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A provider of reliable forex trading signals for traders. | angleforex.com | |
| Foreign exchange services, including currency remittance and travel insurance, are provided in India. | angelforexindia.com |
Business activity
The main business activity of Angel Forex is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Angel Forex Private Limited, buy the company report.
Financials of Angel Forex Private Limited
FY 2025 filings availableAngel Forex Private Limited reported revenue of ₹72.43 Cr (down 9% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue fell 9% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 204%. EBITDA fell 52% 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
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹21.4 Lakh | ||||
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| Net Profit (PAT) | ₹14.03 Lakh | ||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| Profitability | |||||
| EBITDA Margin | 0.3% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Angel Forex Private Limited, buy the company report.
Board of directors of Angel Forex Private Limited
Angel Forex has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amit Radheshyam Tapadia | Director | 03 Dec 2018 | 7 Years 10 Months | Current |
| Alkaben Hiteshkumar Jadav | Director | 21 Oct 2023 | 3 Years 0 Months | Current |
| Vikaskumar Anandilal Kabra | Director | 21 Oct 2023 | 3 Years 0 Months | Current |
| Yash Urvish Vora | Director | 29 Nov 2022 | 3 Years 10 Months | Current |
Peer comparison
Angel Forex Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Pluto Forex Private Limited | ₹81.17 Cr (FY 2024) | 9.0% | Kolkata, West Bengal, India | |||
| Eventage Forex and Travels Private Limited | ₹79.76 Cr (FY 2019) | 238.0% | Bongaon, West Bengal, India | |||
| Bikram Forex and Travels Private Limited | ₹79.6 Cr (FY 2024) | 459.0% | Batala, Punjab, India | |||
| Swift Forex Services Private Limited | ₹77.5 Cr (FY 2024) | 545.0% | Hyderabad, Telangana, India | |||
| Efficient Forex Private Limited | ₹74.29 Cr (FY 2025) | 56.0% | Mumbai, Maharashtra, India | |||
| Flyfox Forex Private Limited | ₹74.01 Cr (FY 2025) | 18.0% | New Delhi, Delhi, India | |||
| Angel Forex Private Limitedthis company | ₹72.43 Cr (FY 2026) | ₹14.03 Lakh | 0.2% | -9.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Angel Forex Private Limited, buy the company report.
Auditor
Angel Forex Private Limited is audited by BHADRESH P SONI & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHADRESH P SONI & CO | FY 2022 | 115337W |
Shareholding
The shareholding of Angel Forex Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Angel Forex Private Limited, buy the company report.
Legal cases
Angel Forex Private Limited has 2 court cases on record: 2 filed by Angel Forex. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
To see the full case history of Angel Forex Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Angel Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Angel Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCA7223N1ZG | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Angel Forex Private Limited, buy the company report.
Recent activity
Angel Forex Private Limited has 10 board changes on record since 2018: 4 appointments and 6 cessations. The latest: Alkaben Hiteshkumar Jadav ceased to be Additional Director on 29 Sep 2024.
1 earlier event is in the company report.
Frequently asked questions
Angel Forex is an active private limited company based in Ahmedabad, Gujarat, India. The company works in forex services, within the financial services industry. It was incorporated on 09 July 2012 (14+ years old) and is registered under CIN U67190GJ2012PTC071049.
Angel Forex has 4 current directors:
- Amit Radheshyam Tapadia - Director
- Alkaben Hiteshkumar Jadav - Director
- Vikaskumar Anandilal Kabra - Director
- Yash Urvish Vora - Director
The latest financial statements of Angel Forex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Angel Forex is 24AAKCA7223N1ZG, registered in Gujarat.
The CIN (Corporate Identification Number) of Angel Forex is U67190GJ2012PTC071049. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Angel Forex has 2 court cases on record: 2 filed by the company.
Angel Forex was incorporated on 09 July 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Angel Forex by revenue are Pluto Forex Private Limited, Eventage Forex and Travels Private Limited, Bikram Forex and Travels Private Limited, Swift Forex Services Private Limited, Efficient Forex Private Limited and 1 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Alkaben Hiteshkumar Jadav ceased to be Additional Director on 29 Sep 2024. Vikaskumar Anandilal Kabra ceased to be Additional Director on 29 Sep 2024. Alkaben Hiteshkumar Jadav was appointed as Director on 21 Oct 2023. Angel Forex has 10 board changes on record in total.
Angel Forex can be reached through the website angelforexindia.com. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Angel Forex is at 17 F – Maradia Plaza Nr. Panchwati Petrol Pump Ellishbridge, Ahmedabad, Gujarat, India – 380009.