Jalaram Forex Private Limited
About Jalaram Forex Private Limited
Data last updated:
Jalaram Forex Private Limited is a private limited company based in Surat, Gujarat, India. It operates in the forex services segment of the financial services sector. It was incorporated on 16 July 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67190GJ2009PTC057540.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹27 Lakh. It is led by directors including Jayantilal Fulchand Shah and Amitkumar Jayantilal Shah.
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 2nd Floor Office 206 Acropolis Athwa Parle Point Sy No – 13/45/E/1, Surat, Gujarat, India – 385007.
As per the financials filed for FY 2024, the company reported a revenue of ₹24,190, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹4.5 Lakh and EBITDA of -₹4.49 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 84% over three years and 68% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Jalaram Forex Private Limited's registered office is in Surat, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address2nd Floor Office 206 Acropolis Athwa Parle Point Sy No – 13/45/E/1, Surat, Gujarat, India – 385007
- IndustryFinancial Services, Forex Services
To see the full contact details of Jalaram 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
Financials of Jalaram Forex Private Limited
FY 2024 filings availableJalaram Forex Private Limited reported revenue of ₹24,190 (up 496% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue rose 496% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 68%. EBITDA fell 106% 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 |
|---|---|---|---|---|---|
| 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 | -₹4.49 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹4.5 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | |||||
| Net Profit Margin | |||||
| 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 | |||||
To see the full financial statements and ratios of Jalaram Forex Private Limited, buy the company report.
Board of directors of Jalaram Forex Private Limited
Jalaram Forex has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jayantilal Fulchand Shah | Director | 16 Jul 2009 | 17 Years 3 Months | Current |
| Amitkumar Jayantilal Shah | Director | 16 Jul 2009 | 17 Years 3 Months | Current |
| Manishkumar Balubhai Shah | Director | 16 Jul 2009 | 17 Years 3 Months | Current |
| Chetankumar Kishorbhai Kantharia | Director | 26 Aug 2022 | 4 Years 2 Months | Current |
Peer comparison
Jalaram Forex Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Vijay Forex and Cargo Services Pvt.Ltd. | ₹36,760 (FY 2025) | Mumbai, Maharashtra, India | ||||
| SK Forex and Financial Services Private Limited | ₹26,140 (FY 2024) | Vadodara, Gujarat, India | ||||
| Jalaram Forex Private Limitedthis company | ₹24,190 (FY 2024) | -₹4.5 Lakh | 496.0% | Surat, Gujarat, India | ||
| Gulf Forex & Travels Private Limited | ₹20,830 (FY 2024) | -100.0% | Palghar, Maharashtra, India |
To see the full peer comparison of Jalaram Forex Private Limited, buy the company report.
Auditor
Jalaram Forex Private Limited is audited by BHUPENDRA DUBEY & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHUPENDRA DUBEY & ASSOCIATES | FY 2020 | 123667W |
Shareholding
The shareholding of Jalaram Forex Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Jalaram Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Jalaram 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 Jalaram 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 Jalaram Forex Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Jalaram Forex Private Limited has 4 board changes on record since 2009: 4 appointments. The latest: Chetankumar Kishorbhai Kantharia was appointed as Director on 26 Aug 2022.
Frequently asked questions
Jalaram Forex is an active private limited company based in Surat, Gujarat, India. The company works in forex services, within the financial services industry. It was incorporated on 16 July 2009 (17+ years old) and is registered under CIN U67190GJ2009PTC057540.
Jalaram Forex has 4 current directors:
- Jayantilal Fulchand Shah - Director
- Amitkumar Jayantilal Shah - Director
- Manishkumar Balubhai Shah - Director
- Chetankumar Kishorbhai Kantharia - Director
The latest financial statements of Jalaram 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 2015 are in the company report.
The CIN (Corporate Identification Number) of Jalaram Forex is U67190GJ2009PTC057540. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jalaram Forex was incorporated on 16 July 2009, making it 17+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Jalaram Forex by revenue are Vijay Forex and Cargo Services Pvt.Ltd, SK Forex and Financial Services Private Limited, Gulf Forex & Travels Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Chetankumar Kishorbhai Kantharia was appointed as Director on 26 Aug 2022. Amitkumar Jayantilal Shah was appointed as Director on 16 Jul 2009. Jayantilal Fulchand Shah was appointed as Director on 16 Jul 2009. Jalaram Forex has 4 board changes on record in total.
The registered office of Jalaram Forex is at 2nd Floor Office 206 Acropolis Athwa Parle Point Sy No – 1345E1, Surat, Gujarat, India – 385007.
Jalaram Forex operates in the financial services industry, in the forex services segment.
The compliance status of Jalaram Forex is compliant as of 01 September 2026. The company is actively filing with the Registrar of Companies.
Jalaram Forex can be reached at its registered office: 2nd Floor Office 206 Acropolis Athwa Parle Point Sy No – 1345E1, Surat, Gujarat, India – 385007.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
