About Grey Heads Forex Private Limited
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Grey Heads Forex Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the forex services segment of the financial services sector. It was incorporated on 12 May 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2010PTC202545. Its GSTIN is 07AAECG1215C1ZB (Delhi).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Utkarsh Celly and Pooja Shaili.
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 K – 12 Palika Parking, New Delhi, Delhi, India – 110001.
As per the financials filed for FY 2024, the company reported a revenue of ₹15.69 Cr, a growth of 49% compared to the previous year. For the same year it recorded a net profit of ₹3.28 Lakh (net margin 0.2%) and EBITDA of ₹9.12 Lakh (EBITDA margin 0.6%). Revenue has grown at a compounded annual rate (CAGR) of 165% over three years and 3% over five years.
The company is associated with 1 brand: Grey Heads Forex. Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website greyheadsforex.com.
Company details
Contact details
Grey Heads Forex Private Limited's registered office is in New Delhi, Delhi. Its website is greyheadsforex.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressK – 12 Palika Parking, New Delhi, Delhi, India – 110001
- IndustryFinancial Services, Forex Services
To see the full contact details of Grey Heads 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
Brands
Grey Heads Forex operates one associated brand: Grey Heads Forex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Currency exchange and money transfer services in Delhi. | greyheadsforex.com |
Business activity
The main business activity of Grey Heads 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 Grey Heads Forex Private Limited, buy the company report.
Financials of Grey Heads Forex Private Limited
FY 2025 filings availableGrey Heads Forex Private Limited reported revenue of ₹15.69 Cr (up 49% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 49% growth in the latest year. EBITDA rose 24% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹9.12 Lakh | ||||
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| Net Profit (PAT) | ₹3.28 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.6% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Grey Heads Forex Private Limited, buy the company report.
Board of directors of Grey Heads Forex Private Limited
Grey Heads Forex 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 |
|---|---|---|---|---|
| Utkarsh Celly | Director | 01 Feb 2021 | 5 Years 9 Months | Current |
| Pooja Shaili | Director | 01 Feb 2011 | 15 Years 9 Months | Current |
Peer comparison
Grey Heads 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 |
|---|---|---|---|---|---|---|
| Puspa Leisure Private Limited | ₹15.94 Cr (FY 2025) | -38.0% | Kolkata, West Bengal, India | |||
| Ran Forex and Travels Private Limited | ₹15.81 Cr (FY 2025) | -37.0% | Kolkata, West Bengal, India | |||
| Debnath Forex & Travels Private Limited | ₹15.81 Cr (FY 2025) | -45.0% | Kolkata, West Bengal, India | |||
| Grey Heads Forex Private Limitedthis company | ₹15.69 Cr (FY 2024) | ₹3.28 Lakh | 0.2% | 49.0% | New Delhi, Delhi, India | |
| Vajra Forex Private Limited | ₹15.57 Cr (FY 2024) | 83.0% | Jeedimetla Ranga Reddy, Telangana, India | |||
| Three Sons Forex India Private Limited | ₹15.5 Cr (FY 2025) | -15.0% | Jaipur, Rajasthan, India | |||
| Finwave Forex Private Limited | ₹15.47 Cr (FY 2025) | -67.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Grey Heads Forex Private Limited, buy the company report.
Auditor
Grey Heads Forex Private Limited is audited by S PRAKASH KUSHWAHA AND CO for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S PRAKASH KUSHWAHA AND CO | FY 2017 |
Shareholding
The shareholding of Grey Heads 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 Grey Heads Forex Private Limited, buy the company report.
Legal cases
Grey Heads Forex Private Limited has 4 court cases on record: 2 filed by Grey Heads Forex, 2 filed against it. 1 case is pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 2 | 1 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Criminal case | Filed by the company against an individual | Pending |
| District court, Rewari, Haryana | Court case (MACM) | Filed against the company by individuals | Disposed |
| 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 |
| District court, Rewari, Haryana | Motor accident claim | Filed against the company by individuals | Disposed |
To see the full case history of Grey Heads 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 Grey Heads Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Grey Heads Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAECG1215C1ZB | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Grey Heads Forex Private Limited, buy the company report.
Recent activity
Grey Heads Forex Private Limited has 5 board changes on record since 2011: 3 appointments and 2 cessations. The latest: Utkarsh Celly was appointed as Director on 01 Feb 2021.
Frequently asked questions
Grey Heads Forex is an active private limited company based in New Delhi, Delhi, India. The company works in forex services, within the financial services industry. It was incorporated on 12 May 2010 (16+ years old) and is registered under CIN U74999DL2010PTC202545.
Grey Heads Forex has 2 current directors:
- Utkarsh Celly - Director
- Pooja Shaili - Director
The latest financial statements of Grey Heads 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 Grey Heads Forex is 07AAECG1215C1ZB, registered in Delhi.
The CIN (Corporate Identification Number) of Grey Heads Forex is U74999DL2010PTC202545. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Grey Heads Forex has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending. Most are in the district courts.
Grey Heads Forex was incorporated on 12 May 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Grey Heads Forex by revenue are Puspa Leisure Private Limited, Ran Forex and Travels Private Limited, Debnath Forex & Travels Private Limited, Vajra Forex Private Limited, Three Sons Forex India Private Limited and 1 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Utkarsh Celly was appointed as Director on 01 Feb 2021. Achin Syal ceased to be Director on 23 Feb 2015. Bhawna Syal ceased to be Director on 23 Feb 2015. Grey Heads Forex has 5 board changes on record in total.
Grey Heads Forex can be reached through the website greyheadsforex.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Grey Heads Forex is at K – 12 Palika Parking, New Delhi, Delhi, India – 110001.
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