B N Forex Private Limited
About B N Forex Private Limited
Data last updated:
B N 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 31 July 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67190GJ2008PTC054656. Its GSTIN is 24AADCB5370Q1ZC (Gujarat).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors Bhavin Navinchandra Chokshi and Navinbhai Vithalbhai Choksi.
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 3 Sun Place Opp.Gurukul Memnagar Drive – In Road, Ahmedabad, Gujarat, India – 380052.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.33 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹6.62 Lakh (net margin -498.5%) and EBITDA of -₹6.62 Lakh (EBITDA margin -498.5%). Revenue has declined at a compounded annual rate (CAGR) of 57% over three years and 66% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address3 Sun Place Opp.Gurukul Memnagar Drive – In Road, Ahmedabad, Gujarat, India – 380052
- 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
Financials of B N Forex Private Limited FY 2025 filings available
B N Forex Private Limited reported revenue of ₹1.33 Lakh (down 99% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of B N Forex Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 66% over five years, including a 99% fall 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 B N 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 | -₹6.62 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹6.62 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 B N Forex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -498.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -498.5% | •••• | •••• | •••• | •••• |
| 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 B N 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.
Peer Comparison of B N Forex Private Limited
B N 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 |
|---|---|---|---|---|---|---|
| Paneri Sarees Private Limited | ₹1.55 Lakh (FY 2023) | •••• | •••• | -99.0% | •••• | Porbandar, Gujarat, India |
| Amara Forex Private Limited | ₹1.46 Lakh (FY 2025) | •••• | •••• | -53.0% | •••• | Chennai, Tamil Nadu, India |
| Khanat Money Changer Private Limited | ₹1.39 Lakh (FY 2025) | •••• | •••• | -13.0% | •••• | Gujarat, India |
| RSV Forex Private Limited | ₹1.34 Lakh (FY 2025) | •••• | •••• | 14.0% | •••• | Navi Mumbai, Maharashtra, India |
| Inara Enterprise Private Limited | ₹1.33 Lakh (FY 2020) | •••• | •••• | 153.0% | •••• | Ahmedabad, Gujarat, India |
| B N Forex Private Limited this company | ₹1.33 Lakh (FY 2024) | •••• | •••• | -99.0% | •••• | Ahmedabad, Gujarat, India |
| DSH Abroad Solution Private Limited | ₹1.22 Lakh (FY 2021) | •••• | •••• | 246.0% | •••• | Delhi, India |
| Axicrop Forex Private Limited | ₹1.15 Lakh (FY 2024) | •••• | •••• | -95.0% | •••• | Delhi, India |
| JM Forex Private Limited | ₹1.13 Lakh (FY 2021) | •••• | •••• | •••• | Surat, Gujarat, India | |
| Cosmic Credit Private Limited | ₹1.08 Lakh (FY 2024) | •••• | •••• | -15.0% | •••• | New Delhi, Delhi, India |
| Enlaz Research Private Limited | ₹1.05 Lakh (FY 2024) | •••• | •••• | -96.0% | •••• | Chandigarh, India |
Peers are the five companies nearest above and the five nearest below B N 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.
Auditor Details of B N Forex Private Limited
B N Forex Private Limited is audited by MEHUL THAKKER & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MEHUL THAKKER & CO | 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.
Board of Directors of B N Forex Private Limited
B N Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavin Navinchandra Chokshi | Director | 31 Jul 2008 | 18 Years 2 Months | Current |
| Navinbhai Vithalbhai Choksi | Director | 31 Jul 2008 | 18 Years 2 Months | Current |
Ownership and Shareholding of B N 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 B N Forex Private Limited
B N Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at B N Forex Private Limited
Employment history and EPFO contributions of people linked to B N 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 B N Forex Private Limited
B N Forex Private Limited has 2 board changes on record since 2008: 2 appointments. The latest: Bhavin Navinchandra Chokshi was appointed as Director on 31 Jul 2008.
Credit Ratings, Litigation & Regulatory Alerts for B N 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 B N 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 B N 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 B N Forex Private Limited
B N Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AADCB5370Q1ZC | Gujarat | Active | 24 Jul 2017 |
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 B N 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 B N Forex Private Limited
B N 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 31 July 2008 (18+ years old) and is registered under CIN U67190GJ2008PTC054656.
B N Forex reported revenue of ₹1.33 Lakh for FY 2024 (down 99% YoY).
B N Forex has 2 current directors:
- Bhavin Navinchandra Chokshi - Director
- Navinbhai Vithalbhai Choksi - Director
B N Forex reported a net loss of ₹6.62 Lakh (net margin -498.5%) and EBITDA of -₹6.62 Lakh (EBITDA margin -498.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of B N Forex is -57% over three years and -66% over five years. In the latest year (FY 2024) revenue fell 99%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of B N Forex is 24AADCB5370Q1ZC, registered in Gujarat.
The CIN (Corporate Identification Number) of B N Forex is U67190GJ2008PTC054656. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
B N Forex was incorporated on 31 July 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of B N Forex by revenue are Paneri Sarees Private Limited, Amara Forex Private Limited, Khanat Money Changer Private Limited, RSV Forex Private Limited, Inara Enterprise Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Bhavin Navinchandra Chokshi was appointed as Director on 31 Jul 2008. Navinbhai Vithalbhai Choksi was appointed as Director on 31 Jul 2008.
The registered office of B N Forex is at 3 Sun Place Opp.Gurukul Memnagar Drive – In Road, Ahmedabad, Gujarat, India – 380052.