MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-18-0127195
Dhanraj Forex Private Limited
Dhanraj Forex Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹36.9 Cr
▼ 24% YoY
Net profit · FY 2025
₹5.33 Lakh
Net margin 0.1%
EBITDA · FY 2025
₹7.26 Lakh
EBITDA margin 0.2%
Authorised capital
₹60 Lakh
Registered with MCA
Paid-up capital
₹59.46 Lakh
Issued & subscribed
Company age
28 yrs
Est. 1998
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Dhanraj Forex Private Limited
Data last updated:
Dhanraj Forex Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the forex services segment of the financial services sector. It was incorporated on 17 November 1998 and has been in existence for over 28 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH1998PTC117132. Its GSTIN is 27AABCD9296K1Z1 (Maharashtra).
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹59.46 Lakh. It is led by directors Nilesh Subhash Jain and Rahul Sureshkumar Parmar.
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:26 Shantinath Shopping Centre 1st Floor S.V.Road Malad [West], Mumbai, Maharashtra, India – 400064.
As per the financials filed for FY 2025, the company reported a revenue of ₹36.9 Cr, a decline of 24% compared to the previous year. For the same year it recorded a net profit of ₹5.33 Lakh (net margin 0.1%) and EBITDA of ₹7.26 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 56% over three years.
Court records list 2 cases involving the company, including 2 filed by the company.
Dhanraj Forex Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0127195). The current compliance status is marked as active non-compliant by the Registrar of Companies.
Company details
CIN U67190MH1998PTC117132
Registration Number 117132
Incorporation Date 17 November 1998
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Non-Compliant
MSME Classification Small
Udyam Registration UDYAM-MH-18-0127195
Recognitions & Rankings of Dhanraj Forex
Contact details
Dhanraj Forex Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No:26 Shantinath Shopping Centre 1st Floor S.V.Road Malad [West], Mumbai, Maharashtra, India – 400064
- IndustryFinancial Services, Forex Services
To see the full contact details of Dhanraj Forex Private Limited, buy the company report.
Comprehensive company report
Dhanraj Forex Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Dhanraj Forex is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Dhanraj Forex Private Limited, buy the company report.
Financials of Dhanraj Forex Private Limited
FY 2025 filings availableDhanraj Forex Private Limited reported revenue of ₹36.9 Cr (down 24% YoY) for FY 2025.
Revenue · FY 2025
₹36.9 Cr ▼ 24%
Net profit · FY 2025
₹5.33 Lakh margin 0.1%
EBITDA · FY 2025
₹7.26 Lakh margin 0.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 24%
3 years · compounded
▲ 56%
EBITDA CAGR growth
1 year
▼ 14%
3 years · compounded
▼ 9%
5 years · compounded
▲ 21%
Revenue fell 24% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 56%. EBITDA fell 14% 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 |
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| EBITDA | ₹7.26 Lakh | ||||
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| Net Profit (PAT) | ₹5.33 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 0.2% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Dhanraj Forex Private Limited, buy the company report.
Board of directors of Dhanraj Forex Private Limited
Dhanraj Forex has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nilesh Subhash Jain | Director | 23 May 2006 | 20 Years 5 Months | Current |
| Rahul Sureshkumar Parmar | Director | 23 May 2006 | 20 Years 5 Months | Current |
Auditor
Dhanraj Forex Private Limited is audited by Nimesh B. Parekh & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Nimesh B. Parekh & Co. | FY 2023 | 137504W |
Shareholding
The shareholding of Dhanraj Forex Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dhanraj Forex Private Limited, buy the company report.
Legal cases
Dhanraj Forex Private Limited has 2 court cases on record: 2 filed by Dhanraj Forex. All cases are disposed.
Total cases
2
Filed by the company
2
Disposed
2
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 0 | 0 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS CASES S) | Filed by the company against an individual | Disposed |
To see the full case history of Dhanraj 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 Dhanraj Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Dhanraj Forex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCD9296K1Z1 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Dhanraj Forex Private Limited, buy the company report.
Recent activity
Dhanraj Forex Private Limited has 3 board changes on record since 2006: 2 appointments and 1 cessation. The latest: Sureshkumar Himmatlal Parmar ceased to be Director on 02 Aug 2017.
AGM
Dhanraj Forex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Dhanraj Forex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Sureshkumar Himmatlal Parmar ceased to be Director.
Appointed
Nilesh Subhash Jain was appointed as Director.
Appointed
Rahul Sureshkumar Parmar was appointed as Director.
Incorporation
17 Nov 1998
Dhanraj Forex Private Limited was registered on 17 Nov 1998 with Roc Mumbai & aged 27 years 11 months as per MCA records.
Frequently asked questions
Dhanraj Forex is an active private limited company based in Mumbai, Maharashtra, India. The company works in forex services, within the financial services industry. It was incorporated on 17 November 1998 (28+ years old) and is registered under CIN U67190MH1998PTC117132.
Dhanraj Forex has 2 current directors:
- Nilesh Subhash Jain - Director
- Rahul Sureshkumar Parmar - Director
The latest financial statements of Dhanraj 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 Dhanraj Forex is 27AABCD9296K1Z1, registered in Maharashtra.
The CIN (Corporate Identification Number) of Dhanraj Forex is U67190MH1998PTC117132. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dhanraj Forex has 2 court cases on record: 2 filed by the company.
Dhanraj Forex was incorporated on 17 November 1998, making it 28+ years old. It is registered with the Registrar of Companies, Mumbai.
Sureshkumar Himmatlal Parmar ceased to be Director on 02 Aug 2017. Nilesh Subhash Jain was appointed as Director on 23 May 2006. Rahul Sureshkumar Parmar was appointed as Director on 23 May 2006.
Yes, Dhanraj Forex is registered as a small enterprise under Udyam registration (number: UDYAM-MH-18-0127195).
The registered office of Dhanraj Forex is at Shop No:26 Shantinath Shopping Centre 1st Floor S.V.Road Malad West, Mumbai, Maharashtra, India – 400064.