DMK Forex Private Limited
About DMK Forex Private Limited
Data last updated:
DMK 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 11 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ2010PTC062871.
The company has an authorised share capital of ₹28 Lakh and a paid-up capital of ₹28 Lakh. It is led by directors Rameshchandra Virchand Shah and Devang Rameshbhai Shah.
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 156 Revatinagar Co Op H Soc Ltd. Bareja Rd. Vasana., Ahmedabad, Gujarat, India – 380007.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.28 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net profit of ₹9,000 (net margin 0%) and EBITDA of ₹37,000 (EBITDA margin 0.2%). Revenue has declined at a compounded annual rate (CAGR) of 60% over three years and 4% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address156 Revatinagar Co Op H Soc Ltd. Bareja Rd. Vasana., Ahmedabad, Gujarat, India – 380007
- 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
Business Activity of DMK Forex Private Limited
The main business activity of DMK Forex is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of DMK Forex Private Limited FY 2025 filings available
DMK Forex Private Limited reported revenue of ₹2.28 Cr (down 49% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of DMK Forex Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 4% over five years, including a 49% fall in the latest year. EBITDA fell 53% 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 DMK Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹37,000 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹9,000 | •••• | •••• | •••• | •••• |
| 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 DMK Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0% | •••• | •••• | •••• | •••• |
| 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 DMK 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 DMK Forex Private Limited
DMK 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 |
|---|---|---|---|---|---|---|
| Shivmangal Pharma Private Limited | ₹2.36 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Kolkata, West Bengal, India |
| St. Mary Forex Bureau Limited | ₹2.35 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Nagercoil, Tamil Nadu, India |
| Prasanth Forex Private Limited | ₹2.33 Cr (FY 2025) | •••• | •••• | 13.0% | •••• | Kanjirappally, Kerala, India |
| Dee & Dee Forex Private Limited | ₹2.3 Cr (FY 2024) | •••• | •••• | 51.0% | •••• | Gurgaon, Haryana, India |
| Sai Varun Forex India Private Limited | ₹2.29 Cr (FY 2025) | •••• | •••• | 83.0% | •••• | Bellary, Karnataka, India |
| DMK Forex Private Limited this company | ₹2.28 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Ahmedabad, Gujarat, India |
| Ayisha Money Gram Private Limited | ₹2.27 Cr (FY 2023) | •••• | •••• | 39303.0% | •••• | Chennai, Tamil Nadu, India |
| Liya Forex Private Limited | ₹2.27 Cr (FY 2025) | •••• | •••• | -60.0% | •••• | Chennai, Tamil Nadu, India |
| Az Forex Private Limited | ₹2.27 Cr (FY 2024) | •••• | •••• | 128.0% | •••• | Kolkata, West Bengal, India |
| Arjundas Forex and Travels Private Limited | ₹2.24 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Ajmer, Rajasthan, India |
| 24X7 Currency Exchange Private Limited | ₹2.23 Cr (FY 2024) | •••• | •••• | 179.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below DMK 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 DMK Forex Private Limited
DMK Forex Private Limited is audited by B S THAKKER & CO for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S 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 DMK Forex Private Limited
DMK Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rameshchandra Virchand Shah | Director | 11 Nov 2010 | 15 Years 11 Months | Current |
| Devang Rameshbhai Shah | Director | 11 Nov 2010 | 15 Years 11 Months | Current |
Ownership and Shareholding of DMK 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 DMK Forex Private Limited
DMK Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at DMK Forex Private Limited
Employment history and EPFO contributions of people linked to DMK 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 DMK Forex Private Limited
DMK Forex Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Devang Rameshbhai Shah was appointed as Director on 11 Nov 2010.
Credit Ratings, Litigation & Regulatory Alerts for DMK 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 DMK 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 DMK 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 DMK Forex Private Limited
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 DMK 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 DMK Forex Private Limited
DMK 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 11 November 2010 (16+ years old) and is registered under CIN U67120GJ2010PTC062871.
DMK Forex reported revenue of ₹2.28 Cr for FY 2025 (down 49% YoY).
DMK Forex has 2 current directors:
- Rameshchandra Virchand Shah - Director
- Devang Rameshbhai Shah - Director
DMK Forex reported a net profit of ₹9,000 (net margin 0%) and EBITDA of ₹37,000 (EBITDA margin 0.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of DMK Forex is 60% over three years and -4% over five years. In the latest year (FY 2025) revenue fell 49%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of DMK Forex is U67120GJ2010PTC062871. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
DMK Forex was incorporated on 11 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of DMK Forex by revenue are Shivmangal Pharma Private Limited, St. Mary Forex Bureau Limited, Prasanth Forex Private Limited, Dee & Dee Forex Private Limited, Sai Varun Forex India Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Devang Rameshbhai Shah was appointed as Director on 11 Nov 2010. Rameshchandra Virchand Shah was appointed as Director on 11 Nov 2010.
The registered office of DMK Forex is at 156 Revatinagar Co Op H Soc Ltd. Bareja Rd. Vasana., Ahmedabad, Gujarat, India – 380007.
DMK Forex has an authorised share capital of ₹28 Lakh and a paid-up capital of ₹28 Lakh.