Mahakal Forex Private Limited
About Mahakal Forex Private Limited
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Mahakal Forex Private Limited is a private limited company based in Kolkata, West Bengal, India. It operates in the forex services segment of the financial services sector. It was incorporated on 28 May 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Kolkata, under CIN U67100WB2019PTC232153. Its GSTIN is 19AAMCM7006R1ZO (West Bengal).
The company has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹26 Lakh. It is led by directors Ajoy Bal and Krishna Bal Biswas.
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 4 Chowringhee Lane Ground Floor Diamond Chamber, Kolkata, West Bengal, India – 700016.
As per the financials filed for FY 2024, the company reported a revenue of ₹29.6 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹1.87 Lakh (net margin 0.1%) and EBITDA of ₹2.55 Lakh (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 248% over three years.
Company details
Contact details
Mahakal Forex Private Limited's registered office is in Kolkata, West Bengal. Its e-mail address is in the company report.
- Email
- Registered Address4 Chowringhee Lane Ground Floor Diamond Chamber, Kolkata, West Bengal, India – 700016
- IndustryFinancial Services, Forex Services
To see the full contact details of Mahakal 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 Mahakal 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 Mahakal Forex Private Limited, buy the company report.
Financials of Mahakal Forex Private Limited
FY 2025 filings availableMahakal Forex Private Limited reported revenue of ₹29.6 Cr (up 8% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 248% over three years, including 8% growth in the latest year. EBITDA rose 15% 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 | ₹2.55 Lakh | ||||
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| Net Profit (PAT) | ₹1.87 Lakh | ||||
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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 | 0.1% | ||||
| Net Profit Margin | 0.1% | ||||
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To see the full financial statements and ratios of Mahakal Forex Private Limited, buy the company report.
Board of directors of Mahakal Forex Private Limited
Mahakal 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 |
|---|---|---|---|---|
| Ajoy Bal | Director | 10 Nov 2021 | 4 Years 11 Months | Current |
| Krishna Bal Biswas | Director | 10 Nov 2021 | 4 Years 11 Months | Current |
Peer comparison
Mahakal Forex Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Relson Forex Private Limited | ₹29.72 Cr (FY 2025) | 9.0% | Mumbai, Maharashtra, India | |||
| Mahakal Forex Private Limitedthis company | ₹29.6 Cr (FY 2024) | ₹1.87 Lakh | 0.1% | 8.0% | Kolkata, West Bengal, India | |
| Mastercard Money Transfer Services India Private Limited | ₹29.57 Cr (FY 2025) | 15.0% | Jalandhar, Punjab, India | |||
| Utekar Forex and Travels Private Limited | ₹29.55 Cr (FY 2025) | -1.0% | Thane, Maharashtra, India | |||
| Sambtek Forex Limited | ₹28.98 Cr (FY 2025) | -28.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Mahakal Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mahakal 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 Mahakal Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mahakal Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 19AAMCM7006R1ZO | West Bengal | Active | 17 Dec 2019 |
To see the full GST registrations and return filing status of Mahakal Forex Private Limited, buy the company report.
Recent activity
Mahakal Forex Private Limited has 5 board changes on record since 2020: 2 appointments and 3 cessations. The latest: Kanju Shaw ceased to be Director on 18 Feb 2022.
Frequently asked questions
Mahakal Forex is an active private limited company based in Kolkata, West Bengal, India. The company works in forex services, within the financial services industry. It was incorporated on 28 May 2019 (7+ years old) and is registered under CIN U67100WB2019PTC232153.
Mahakal Forex has 2 current directors:
- Ajoy Bal - Director
- Krishna Bal Biswas - Director
The latest financial statements of Mahakal 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 FY 2020 are in the company report.
The GSTIN of Mahakal Forex is 19AAMCM7006R1ZO, registered in West Bengal.
The CIN (Corporate Identification Number) of Mahakal Forex is U67100WB2019PTC232153. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahakal Forex was incorporated on 28 May 2019, making it 7+ years old. It is registered with the Registrar of Companies, Kolkata.
The peers of Mahakal Forex by revenue are Relson Forex Private Limited, Mastercard Money Transfer Services India Private Limited, Utekar Forex and Travels Private Limited, Sambtek Forex Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Kanju Shaw ceased to be Director on 18 Feb 2022. Soumit Kumar Ghosh ceased to be Director on 18 Feb 2022. Ajoy Bal was appointed as Director on 10 Nov 2021. Mahakal Forex has 5 board changes on record in total.
The registered office of Mahakal Forex is at 4 Chowringhee Lane Ground Floor Diamond Chamber, Kolkata, West Bengal, India – 700016.
Mahakal Forex operates in the financial services industry, in the forex services segment.
Mahakal Forex can be reached at its registered office: 4 Chowringhee Lane Ground Floor Diamond Chamber, Kolkata, West Bengal, India – 700016.