About Jainson Forex Private Limited
Data last updated:
Jainson Forex Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the forex services segment of the financial services sector. It was incorporated on 23 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC285097. Its GSTIN is 27AADCJ7875N1ZQ (Maharashtra).
The company has an authorised share capital of ₹49.9 Lakh and a paid-up capital of ₹49.9 Lakh. It is led by directors Nikhil Borana Pradeep and Akhil Madan Bafna.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Shop No – 11 1st Floor Vaibhav Building M G Road Mulund (W), Mumbai, Maharashtra, India – 400080.
As per the financials filed for FY 2024, the company reported a revenue of ₹37.1 Cr, a growth of 43% compared to the previous year. For the same year it recorded a net profit of ₹5.22 Lakh (net margin 0.1%) and EBITDA of ₹7.45 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 122% over three years and 18% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website jainsonforex.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressShop No – 11 1st Floor Vaibhav Building M G Road Mulund (W), Mumbai, Maharashtra, India – 400080
- 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
The main business activity of Jainson 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
Financials of Jainson Forex Private Limited
FY 2024 filings availableJainson Forex Private Limited reported revenue of ₹37.1 Cr (up 43% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 18% over five years, including 43% growth in the latest year. EBITDA fell 16% 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 2019-20 to FY 2022-23in the company report |
|---|---|---|
| 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 | ₹7.45 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹5.22 Lakh | |
| 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
| Metrics | FY 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 0.2% | |
| Net Profit Margin | 0.1% | |
| 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, and every line for FY 2019-20 to FY 2022-23, 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 Jainson Forex are in the company report.
: available in the company report
Board of Directors of Jainson Forex Private Limited
Jainson Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nikhil Borana Pradeep Also directs: Kuaminika Exports LLP, Borana Forex Private Limited | Director | 23 Aug 2016 | 10 Years 1 Months | Current |
| Akhil Madan Bafna Also directs: Sarayu Forex Private Limited | Director | 23 Aug 2016 | 10 Years 1 Months | Current |
Peer Comparison
Jainson Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Unirich Forex Private Limited | ₹38.01 Cr (FY 2025) | •••• | •••• | 15.0% | •••• | Bangalore, Karnataka, India |
| Akg Impex Private Limited | ₹37.42 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Patiala, Punjab, India |
| Travelogy Holidays Private Limited | ₹37.12 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Guwahati, Assam, India |
| Jainson Forex Private Limited this company | ₹37.1 Cr (FY 2024) | •••• | •••• | 43.0% | •••• | Mumbai, Maharashtra, India |
| International Currency Services Private Limited | ₹37.07 Cr (FY 2019) | •••• | •••• | 91.0% | •••• | Chennai, Tamil Nadu, India |
| Saima Forex Private Limited | ₹36.75 Cr (FY 2024) | •••• | •••• | 21776.0% | •••• | Kolkata, West Bengal, India |
| Simran Forex & Travel Services Private Limited | ₹36.75 Cr (FY 2025) | •••• | •••• | -66.0% | •••• | New Delhi, Delhi, India |
Peers are the companies nearest to Jainson Forex by revenue, above and below it, in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Jainson Forex Private Limited is audited by MNN AND ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MNN AND ASSOCIATES | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Jainson Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Jainson Forex.
: available in the company report
Recent Activity
Jainson Forex Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Akhil Madan Bafna was appointed as Director on 23 Aug 2016.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Jainson Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCJ7875N1ZQ | Maharashtra | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Jainson Forex is an active private limited company based in Mumbai, Maharashtra, India. The company works in forex services, within the financial services industry. It was incorporated on 23 August 2016 (10+ years old) and is registered under CIN U74999MH2016PTC285097.
Jainson Forex has 2 current directors:
- Nikhil Borana Pradeep - Director
- Akhil Madan Bafna - Director
The latest financial statements of Jainson Forex on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Jainson Forex is 27AADCJ7875N1ZQ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Jainson Forex is U74999MH2016PTC285097. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jainson Forex was incorporated on 23 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Jainson Forex by revenue are Unirich Forex Private Limited, Akg Impex Private Limited, Travelogy Holidays Private Limited, International Currency Services Private Limited, Saima Forex Private Limited and 1 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Akhil Madan Bafna was appointed as Director on 23 Aug 2016. Nikhil Borana Pradeep was appointed as Director on 23 Aug 2016.
Jainson Forex can be reached through the website jainsonforex.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Jainson Forex is at Shop No – 11 1st Floor Vaibhav Building M G Road Mulund W, Mumbai, Maharashtra, India – 400080.
Jainson Forex operates in the financial services industry, in the forex services segment.