Fine Forex Private Limited
About Fine Forex Private Limited
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Fine Forex Private Limited is a private limited company based in Patiala, Punjab, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 11 June 1999 and has been in existence for over 27 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65999PB1999PTC022672. Its GSTIN is 03AAACF5444N2ZL (Punjab). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹40.72 Lakh. It is led by directors Neeraj Kumar Jain and Raj Kumar Jain.
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 Adalat Bazar Opp. Top Hat Dry Cleaner, Patiala, Punjab, India – 147001.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.58 Cr, a decline of 30% compared to the previous year. For the same year it recorded a net profit of ₹39,728 (net margin 0.1%) and EBITDA of ₹2.09 Lakh (EBITDA margin 0.5%). Revenue has declined at a compounded annual rate (CAGR) of 9% over three years and 11% over five years.
Court records list 1 case involving the company, including 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Fine Forex Private Limited's registered office is in Patiala, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressAdalat Bazar Opp. Top Hat Dry Cleaner, Patiala, Punjab, India – 147001
- IndustryFinancial Services, Financial Activities
To see the full contact details of Fine 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 Fine 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 Fine Forex Private Limited, buy the company report.
Financials of Fine Forex Private Limited
FY 2025 filings availableFine Forex Private Limited reported revenue of ₹4.58 Cr (down 30% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 30% fall in the latest year. EBITDA fell 36% 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 | ₹2.09 Lakh | ||||
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| Net Profit (PAT) | ₹39,728 | ||||
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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 | 0.5% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Fine Forex Private Limited, buy the company report.
Board of directors of Fine Forex Private Limited
Fine 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 |
|---|---|---|---|---|
| Neeraj Kumar Jain | Director | 27 Mar 2000 | 26 Years 6 Months | Current |
| Raj Kumar Jain | Director | 02 May 2007 | 19 Years 5 Months | Current |
Peer comparison
Fine Forex Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| One World Forex Private Limited | ₹4.76 Cr (FY 2018) | Mumbai, Maharashtra, India | ||||
| Destination Money Changers Private Limited | ₹4.69 Cr (FY 2019) | 37.0% | Mhow, Madhya Pradesh, India | |||
| Fine Forex Private Limitedthis company | ₹4.58 Cr (FY 2025) | ₹39,728 | 0.1% | -30.0% | Patiala, Punjab, India | |
| Gadin Forex Private Limited | ₹4.57 Cr (FY 2024) | -35.0% | Vellore, Tamil Nadu, India | |||
| Shivmudra Currency Exchange Private Limited | ₹4.57 Cr (FY 2025) | 3.0% | Pune, Maharashtra, India | |||
| Madhyamgram Money Changer Private Limited | ₹4.54 Cr (FY 2025) | 292.0% | Madhyamgram, West Bengal, India | |||
| Kanishka Forex Private Limited | ₹4.44 Cr (FY 2025) | 8.0% | Meerut, Uttar Pradesh, India |
To see the full peer comparison of Fine Forex Private Limited, buy the company report.
Auditor
Fine Forex Private Limited is audited by SANJAYSAVITA &ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SANJAYSAVITA &ASSOCIATES | FY 2017 | 010060N |
Shareholding
The shareholding of Fine Forex Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Fine Forex Private Limited, buy the company report.
Legal cases
Fine Forex Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court, PUNJAB | Court case (STA) | Filed against the company by Commissioner of Central Excise Chandigarh | Disposed |
To see the full case history of Fine 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 Fine Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Fine Forex has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAACF5444N2ZL | Punjab | Active | 19 Aug 2017 |
To see the full GST registrations and return filing status of Fine Forex Private Limited, buy the company report.
Recent activity
Fine Forex Private Limited has 3 board changes on record since 2000: 2 appointments and 1 cessation. The latest: Ambika Rani ceased to be Director on 30 Sep 2022.
Frequently asked questions
Fine Forex is an active private limited company based in Patiala, Punjab, India. The company works in financial activities, within the financial services industry. It was incorporated on 11 June 1999 (27+ years old) and is registered under CIN U65999PB1999PTC022672.
Fine Forex has 2 current directors:
- Neeraj Kumar Jain - Director
- Raj Kumar Jain - Director
The latest financial statements of Fine 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 Fine Forex is 03AAACF5444N2ZL, registered in Punjab. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Fine Forex is U65999PB1999PTC022672. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fine Forex has 1 court case on record: 1 filed against it.
Fine Forex was incorporated on 11 June 1999, making it 27+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Fine Forex by revenue are One World Forex Private Limited, Destination Money Changers Private Limited, Gadin Forex Private Limited, Shivmudra Currency Exchange Private Limited, Madhyamgram Money Changer Private Limited and 1 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Ambika Rani ceased to be Director on 30 Sep 2022. Raj Kumar Jain was appointed as Director on 02 May 2007. Neeraj Kumar Jain was appointed as Director on 27 Mar 2000.
The registered office of Fine Forex is at Adalat Bazar Opp. Top Hat Dry Cleaner, Patiala, Punjab, India – 147001.
Fine Forex operates in the financial services industry, in the financial activities segment.