Jigar Forex Private Limited
About Jigar Forex Private Limited
Data last updated:
Jigar Forex Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the forex services segment of the financial services sector. It was incorporated on 30 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67190GJ2010PTC063078. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹26 Lakh. It is led by directors Ninaben Jigarbhai Dave and Jigar Rameshbhai Dave.
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 Rajkot, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹17.24 Lakh, a decline of 83% compared to the previous year. For the same year it recorded a net loss of ₹12,720 (net margin -0.7%) and EBITDA of ₹12,300 (EBITDA margin 0.7%). Revenue has declined at a compounded annual rate (CAGR) of 34% over three years and 39% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Jigar Forex Private Limited's registered office is in Rajkot, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address205 Rajat Commercial Complex Opp. Abc Medical Stores Sardar Nagar Ma, In Road, Rajkot, Gujarat, India – 360001
- IndustryFinancial Services, Forex Services
To see the full contact details of Jigar 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 Jigar Forex is trade. In detail, this covers wholesale trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading |
To see the full business activity and turnover split of Jigar Forex Private Limited, buy the company report.
Financials of Jigar Forex Private Limited
FY 2025 filings availableJigar Forex Private Limited reported revenue of ₹17.24 Lakh (down 83% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 39% over five years, including a 83% fall in the latest year. EBITDA fell 89% 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 | ₹12,300 | ||||
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| Net Profit (PAT) | -₹12,720 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 0.7% | ||||
| Net Profit Margin | -0.7% | ||||
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To see the full financial statements and ratios of Jigar Forex Private Limited, buy the company report.
Board of directors of Jigar Forex Private Limited
Jigar Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ninaben Jigarbhai Dave | Director | 30 Nov 2010 | 15 Years 10 Months | Current |
| Jigar Rameshbhai Dave | Director | 30 Nov 2010 | 15 Years 10 Months | Current |
Auditor
Jigar Forex Private Limited is audited by Y C ANARKAT & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Y C ANARKAT & ASSOCIATES | FY 2021 | 124938W |
Shareholding
The shareholding of Jigar Forex Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Jigar Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Jigar 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 Jigar Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Jigar Forex has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Jigar Forex Private Limited, buy the company report.
Recent activity
Jigar Forex Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Jigar Rameshbhai Dave was appointed as Director on 30 Nov 2010.
Frequently asked questions
Jigar Forex is an active private limited company based in Rajkot, Gujarat, India. The company works in forex services, within the financial services industry. It was incorporated on 30 November 2010 (16+ years old) and is registered under CIN U67190GJ2010PTC063078.
Jigar Forex has 2 current directors:
- Ninaben Jigarbhai Dave - Director
- Jigar Rameshbhai Dave - Director
The latest financial statements of Jigar 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.
No. Jigar Forex has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Jigar Forex is U67190GJ2010PTC063078. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Jigar Forex was incorporated on 30 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Jigar Rameshbhai Dave was appointed as Director on 30 Nov 2010. Ninaben Jigarbhai Dave was appointed as Director on 30 Nov 2010.
The registered office of Jigar Forex is at 205 Rajat Commercial Complex Opp. Abc Medical Stores Sardar Nagar Ma, In Road, Rajkot, Gujarat, India – 360001.
Jigar Forex operates in the financial services industry, in the forex services segment.
The compliance status of Jigar Forex is compliant as of 18 September 2026. The company is actively filing with the Registrar of Companies.