Dhwani Forex Services Private Limited
About Dhwani Forex Services Private Limited
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Dhwani Forex Services Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the forex services segment of the financial services sector. It was incorporated on 07 April 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ2006PTC048104. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹27 Lakh. It is led by directors Hiteshbhai Mulchandbhai Doshi and Dhrumin Dineshbhai Doshi.
Its last annual general meeting (AGM) was held on 16 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Shop No. 109 City Shop Upper Level Dr. Yagnik Road, Rajkot, Gujarat, India – 360001.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.85 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹15,984 (net margin 0.1%) and EBITDA of ₹20,712 (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 47% over three years and 23% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Dhwani Forex Services Private Limited's registered office is in Rajkot, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressShop No. 109 City Shop Upper Level Dr. Yagnik Road, Rajkot, Gujarat, India – 360001
- IndustryFinancial Services, Forex Services
To see the full contact details of Dhwani Forex Services 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 Dhwani Forex Services 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 Dhwani Forex Services Private Limited, buy the company report.
Financials of Dhwani Forex Services Private Limited
FY 2025 filings availableDhwani Forex Services Private Limited reported revenue of ₹2.85 Cr (down 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 23% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 23%. EBITDA fell 60% 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 | ₹20,712 | ||||
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| Net Profit (PAT) | ₹15,984 | ||||
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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 | 0.1% | ||||
| Net Profit Margin | 0.1% | ||||
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To see the full financial statements and ratios of Dhwani Forex Services Private Limited, buy the company report.
Board of directors of Dhwani Forex Services Private Limited
Dhwani Forex Services has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hiteshbhai Mulchandbhai Doshi Also directs: Harsiddhi Cold Storage LLP | Director | 07 Apr 2006 | 20 Years 6 Months | Current |
| Dhrumin Dineshbhai Doshi Also directs: Greygorilla Impex Private Limited | Director | 24 Mar 2025 | 1 Years 7 Months | Current |
Peer comparison
Dhwani Forex Services Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Forex Services, 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 |
|---|---|---|---|---|---|---|
| Chirawawala Forex and Travel Private Limited | ₹2.97 Cr (FY 2024) | -5.0% | Chirawa, Jhunjhunun, Rajasthan, India | |||
| Himalaya Forex Private Limited | ₹2.96 Cr (FY 2025) | -5.0% | Chennai, Tamil Nadu, India | |||
| Aprameya Forex Private Limited | ₹2.86 Cr (FY 2024) | 28.0% | Chennai, Tamil Nadu, India | |||
| Dhwani Forex Services Private Limitedthis company | ₹2.85 Cr (FY 2025) | ₹15,984 | 0.1% | -23.0% | Rajkot, Gujarat, India | |
| Radiant Forex and Tourism Private Limited | ₹2.8 Cr (FY 2024) | -90.0% | Varanasi, Uttar Pradesh, India | |||
| Metro Moneychanger Private Limited | ₹2.79 Cr (FY 2023) | 24.0% | Bhuj, Gujarat, India |
To see the full peer comparison of Dhwani Forex Services Private Limited, buy the company report.
Auditor
Dhwani Forex Services Private Limited is audited by RANPURA DESAI & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RANPURA DESAI & CO | FY 2022 | 117476W |
Shareholding
The shareholding of Dhwani Forex Services Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Dhwani Forex Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Dhwani Forex Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Dhwani Forex Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Dhwani Forex Services has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Dhwani Forex Services Private Limited, buy the company report.
Recent activity
Dhwani Forex Services Private Limited has 6 board changes on record since 2006: 3 appointments and 3 cessations. The latest: Prashant Dhirajlal Doshi ceased to be Director on 27 Mar 2025.
Frequently asked questions
Dhwani Forex Services is an active private limited company based in Rajkot, Gujarat, India. The company works in forex services, within the financial services industry. It was incorporated on 07 April 2006 (20+ years old) and is registered under CIN U67120GJ2006PTC048104.
Dhwani Forex Services has 2 current directors:
- Hiteshbhai Mulchandbhai Doshi - Director
- Dhrumin Dineshbhai Doshi - Director
The latest financial statements of Dhwani Forex Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 16 September 2025. Year-wise statements from 2015 are in the company report.
No. Dhwani Forex Services has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Dhwani Forex Services is U67120GJ2006PTC048104. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dhwani Forex Services was incorporated on 07 April 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Dhwani Forex Services by revenue are Chirawawala Forex and Travel Private Limited, Himalaya Forex Private Limited, Aprameya Forex Private Limited, Radiant Forex and Tourism Private Limited, Metro Moneychanger Private Limited, all in the BFSI industry (Forex Services, Money Exchange Services), with the same principal business activity (other financial activities).
Prashant Dhirajlal Doshi ceased to be Director on 27 Mar 2025. Dhrumin Dineshbhai Doshi was appointed as Director on 24 Mar 2025. Himanshu Manharlal Shah ceased to be Director on 16 Jan 2017. Dhwani Forex Services has 6 board changes on record in total.
The registered office of Dhwani Forex Services is at Shop No. 109 City Shop Upper Level Dr. Yagnik Road, Rajkot, Gujarat, India – 360001.
Dhwani Forex Services operates in the financial services industry, in the forex services segment.
The compliance status of Dhwani Forex Services is compliant as of 18 August 2026. The company is actively filing with the Registrar of Companies.
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