Formax Forex India Private Limited
About Formax Forex India Private Limited
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Formax Forex India Private Limited is a private limited company based in Ujjain, Madhya Pradesh, India. It operates in the forex services segment of the financial services sector. It was incorporated on 28 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U65929MP2019PTC050214. Its GSTIN is 23AADCF9286H1ZE (Madhya Pradesh).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Pravin Jain and Sanjeev Yadav.
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 110 Najar Ali Marg, Ujjain, Madhya Pradesh, India – 456001.
As per the financials filed for FY 2025, the company reported a revenue of ₹24.82 Cr, a growth of 40% compared to the previous year. For the same year it recorded a net profit of ₹1.41 Lakh (net margin 0.1%) and EBITDA of ₹4.8 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 229% over three years.
Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Formax Forex India Private Limited's registered office is in Ujjain, Madhya Pradesh. Its e-mail address is in the company report.
- Email
- Registered Address110 Najar Ali Marg, Ujjain, Madhya Pradesh, India – 456001
- IndustryFinancial Services, Forex Services
To see the full contact details of Formax Forex India 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 Formax Forex India is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Formax Forex India Private Limited, buy the company report.
Financials of Formax Forex India Private Limited
FY 2025 filings availableFormax Forex India Private Limited reported revenue of ₹24.82 Cr (up 40% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 229% over three years, including 40% growth in the latest year. EBITDA rose 72% 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 | ₹4.8 Lakh | ||||
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| Net Profit (PAT) | ₹1.41 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% | ||||
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To see the full financial statements and ratios of Formax Forex India Private Limited, buy the company report.
Board of directors of Formax Forex India Private Limited
Formax Forex India has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pravin Jain | Director | 28 Nov 2019 | 6 Years 11 Months | Current |
| Sanjeev Yadav | Director | 28 Nov 2019 | 6 Years 11 Months | Current |
| Abhishek Shah | Director | 25 Apr 2022 | 4 Years 6 Months | Current |
Legal cases
Formax Forex India Private Limited has 1 court case on record: 1 filed by Formax Forex India. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed by the company against Union of India Through Secretary Ministry of Finance Secretary Department of Revenue No. 137 North Block, Cabinet Secretariat, Raisina Hill, New Delhi ,New Delhi , Delhi and 1 other | Disposed |
To see the full case history of Formax Forex India 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 Formax Forex India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Formax Forex India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AADCF9286H1ZE | Madhya Pradesh | Active | 07 Jul 2021 |
To see the full GST registrations and return filing status of Formax Forex India Private Limited, buy the company report.
Recent activity
Formax Forex India Private Limited has 4 board changes on record since 2019: 3 appointments and 1 cessation. The latest: Abhishek Shah ceased to be Additional Director on 16 Aug 2022.
Frequently asked questions
Formax Forex India is an active private limited company based in Ujjain, Madhya Pradesh, India. The company works in forex services, within the financial services industry. It was incorporated on 28 November 2019 (7+ years old) and is registered under CIN U65929MP2019PTC050214.
Formax Forex India has 3 current directors:
- Pravin Jain - Director
- Sanjeev Yadav - Director
- Abhishek Shah - Director
The latest financial statements of Formax Forex India 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 GSTIN of Formax Forex India is 23AADCF9286H1ZE, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Formax Forex India is U65929MP2019PTC050214. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Formax Forex India has 1 court case on record: 1 filed by the company.
Formax Forex India was incorporated on 28 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Gwalior.
Abhishek Shah ceased to be Additional Director on 16 Aug 2022. Abhishek Shah was appointed as Director on 25 Apr 2022. Pravin Jain was appointed as Director on 28 Nov 2019. Formax Forex India has 4 board changes on record in total.
The registered office of Formax Forex India is at 110 Najar Ali Marg, Ujjain, Madhya Pradesh, India – 456001.
Formax Forex India operates in the financial services industry, in the forex services segment.
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