Ecowaves Forex Private Limited
About Ecowaves Forex Private Limited
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Ecowaves Forex Private Limited is a private limited company based in Pehowa, Haryana, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 14 June 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Haryana, under CIN U65999HR2019PTC080917.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Shyam Lal Mehta and Arun Kumar.
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 Multani Colony Tehsil Pehowa, Haryana, India – 136128.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.95 Cr, a decline of 65% compared to the previous year. For the same year it recorded a net profit of ₹31,972 (net margin 0.1%) and EBITDA of ₹44,377 (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years.
Company details
Contact details
Ecowaves Forex Private Limited's registered office is in Pehowa, Haryana. Its e-mail address is in the company report.
- Email
- Registered AddressMultani Colony Tehsil Pehowa, Haryana, India – 136128
- IndustryFinancial Services, Other Financial Intermediation
To see the full contact details of Ecowaves 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 Ecowaves Forex 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 Ecowaves Forex Private Limited, buy the company report.
Financials of Ecowaves Forex Private Limited
FY 2025 filings availableEcowaves Forex Private Limited reported revenue of ₹4.95 Cr (down 65% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 65% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 74% 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 | ₹44,377 | ||||
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| Net Profit (PAT) | ₹31,972 | ||||
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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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| EBITDA Margin | 0.1% | ||||
| Net Profit Margin | 0.1% | ||||
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To see the full financial statements and ratios of Ecowaves Forex Private Limited, buy the company report.
Board of directors of Ecowaves Forex Private Limited
Ecowaves Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shyam Lal Mehta | Director | 14 Jun 2019 | 7 Years 4 Months | Current |
| Arun Kumar | Director | 14 Jun 2019 | 7 Years 4 Months | Current |
Peer comparison
Ecowaves Forex Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (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 |
|---|---|---|---|---|---|---|
| JVS Forex and Visa Services Private Limited | ₹5.16 Cr (FY 2023) | 430.0% | New Delhi, Delhi, India | |||
| Ecowaves Forex Private Limitedthis company | ₹4.95 Cr (FY 2025) | ₹31,972 | 0.1% | -65.0% | Pehowa, Haryana, India | |
| Routeforex Solutions Private Limited | ₹4.92 Cr (FY 2024) | 41.0% | Faridabad, Haryana, India | |||
| F-Zone Forex and Travels Private Limited | ₹4.92 Cr (FY 2024) | 62.0% | North Paravur, Kerala, India | |||
| Buyforex India Limited | ₹4.82 Cr (FY 2025) | 163.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Ecowaves Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ecowaves Forex 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 Ecowaves Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Ecowaves Forex Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Ecowaves Forex Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Arun Kumar was appointed as Director on 14 Jun 2019.
Frequently asked questions
Ecowaves Forex is an active private limited company based in Pehowa, Haryana, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 14 June 2019 (7+ years old) and is registered under CIN U65999HR2019PTC080917.
Ecowaves Forex has 2 current directors:
- Shyam Lal Mehta - Director
- Arun Kumar - Director
The latest financial statements of Ecowaves 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 FY 2020 are in the company report.
The CIN (Corporate Identification Number) of Ecowaves Forex is U65999HR2019PTC080917. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ecowaves Forex was incorporated on 14 June 2019, making it 7+ years old. It is registered with the Registrar of Companies, Haryana.
The peers of Ecowaves Forex by revenue are JVS Forex and Visa Services Private Limited, Routeforex Solutions Private Limited, F-Zone Forex and Travels Private Limited, Buyforex India Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Arun Kumar was appointed as Director on 14 Jun 2019. Shyam Lal Mehta was appointed as Director on 14 Jun 2019.
The registered office of Ecowaves Forex is at Multani Colony Tehsil Pehowa, Haryana, India – 136128.
Ecowaves Forex operates in the financial services industry, in the other financial intermediation segment.
Ecowaves Forex can be reached at its registered office: Multani Colony Tehsil Pehowa, Haryana, India – 136128.
Ecowaves Forex is registered under the jurisdiction of the Registrar of Companies (ROC), Haryana.