Bhawani Forex Private Limited
About Bhawani Forex Private Limited
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Bhawani 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 14 February 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67190GJ2003PTC041996. Its GSTIN is 24AACCB0837F1Z6 (Gujarat).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹25.88 Lakh. It is led by directors Falguni Sandip Shah and Sandip Vinodchandra Shah.
Its last annual general meeting (AGM) was held on 10 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 208 2nd Floor Siddhi Vinayak Complex Nr. Shivranjni Cross Road Satellite, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.64 Cr, a decline of 70% compared to the previous year. For the same year it recorded a net profit of ₹74,490 (net margin 0.3%) and EBITDA of ₹7.1 Lakh (EBITDA margin 2.7%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 10% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Bhawani Forex Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address208 2nd Floor Siddhi Vinayak Complex Nr. Shivranjni Cross Road Satellite, Ahmedabad, Gujarat, India – 380015
- IndustryFinancial Services, Forex Services
To see the full contact details of Bhawani 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
Business activity
The main business activity of Bhawani Forex is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Bhawani Forex Private Limited, buy the company report.
Financials of Bhawani Forex Private Limited
FY 2025 filings availableBhawani Forex Private Limited reported revenue of ₹2.64 Cr (down 70% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 70% fall in the latest year. EBITDA fell 50% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹2.64 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
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| Depreciation and Amortisation | |||||
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| Total Expenses | |||||
| EBITDA | ₹7.1 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹74,490 | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.7% | ||||
| Net Profit Margin | 0.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Receivable Days | |||||
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To see the full financial statements and ratios of Bhawani Forex Private Limited, buy the company report.
Board of directors of Bhawani Forex Private Limited
Bhawani Forex has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Falguni Sandip Shah | Director | 25 Dec 2023 | 2 Years 10 Months | Current |
| Sandip Vinodchandra Shah | Director | 14 Feb 2003 | 23 Years 8 Months | Current |
Auditor
Bhawani Forex Private Limited is audited by BHARATIYA & PANCHAL for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHARATIYA & PANCHAL | FY 2024 | 127222W |
Shareholding
The shareholding of Bhawani Forex Private Limited is on record for 5 financial years, the latest being FY 2025, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2025 | FY 2024 | FY 2023 | FY 2022 | FY 2021 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Bhawani Forex Private Limited, buy the company report.
Legal cases
Bhawani Forex Private Limited has 1 court case on record: 1 filed by Bhawani Forex. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed by the company against Union of India Through Secretary Ministry of Finance Secretary Department of Revenue No. 137 North Block, Cabinet Secretariat, Raisina Hill, New Delhi ,New Delhi , Delhi and 1 other | Disposed |
To see the full case history of Bhawani 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 Bhawani Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bhawani Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCB0837F1Z6 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhawani Forex Private Limited, buy the company report.
Recent activity
Bhawani Forex Private Limited has 3 board changes on record since 2003: 2 appointments and 1 cessation. The latest: Falguni Sandip Shah was appointed as Director on 25 Dec 2023.
Frequently asked questions
Bhawani 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 14 February 2003 (23+ years old) and is registered under CIN U67190GJ2003PTC041996.
Bhawani Forex has 2 current directors:
- Falguni Sandip Shah - Director
- Sandip Vinodchandra Shah - Director
The latest financial statements of Bhawani Forex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 10 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Bhawani Forex is 24AACCB0837F1Z6, registered in Gujarat.
The CIN (Corporate Identification Number) of Bhawani Forex is U67190GJ2003PTC041996. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhawani Forex has 1 court case on record: 1 filed by the company.
Bhawani Forex was incorporated on 14 February 2003, making it 23+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Falguni Sandip Shah was appointed as Director on 25 Dec 2023. Hansaben Vinodchandra Shah ceased to be Director on 25 Dec 2023. Sandip Vinodchandra Shah was appointed as Director on 14 Feb 2003.
The registered office of Bhawani Forex is at 208 2nd Floor Siddhi Vinayak Complex Nr. Shivranjni Cross Road Satellite, Ahmedabad, Gujarat, India – 380015.
Bhawani Forex operates in the financial services industry, in the forex services segment.
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