Mapkart Forex Private Limited
About Mapkart Forex Private Limited
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Mapkart 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 14 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67200MH2018PTC317038. Its GSTIN is 27AAMCM2309K1Z9 (Maharashtra).
The company has an authorised share capital of ₹27 Lakh and a paid-up capital of ₹26 Lakh. It is led by directors Suresh Champalal Jain and Ashish Suresh Jain.
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 Flat No 212 B Wing Shyamkamal Agarwal Market Nr Dinanath Mangshakar Hall, Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.6 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net profit of ₹21,728 (net margin 0.1%) and EBITDA of ₹56,275 (EBITDA margin 0.4%). Revenue has declined at a compounded annual rate (CAGR) of 464% over three years and 41% over five years.
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- Registered AddressFlat No 212 B Wing Shyamkamal Agarwal Market Nr Dinanath Mangshakar Hall, Mumbai, Maharashtra, India – 400057
- 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 of Mapkart Forex Private Limited
The main business activity of Mapkart Forex is professional, scientific and technical activities. In detail, this covers other professional, scientific and technical activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, scientific and technical activities | 74 | Other professional, scientific and technical 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
Verified entity values are shown only after access is granted.
Financials of Mapkart Forex Private Limited FY 2025 filings available
Mapkart Forex Private Limited reported revenue of ₹1.6 Cr (down 45% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mapkart Forex Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 41% over five years, including a 45% fall in the latest year. EBITDA fell 87% 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 of Mapkart Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹56,275 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹21,728 | •••• | •••• | •••• | •••• |
| 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 of Mapkart Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.4% | •••• | •••• | •••• | •••• |
| 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 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 Mapkart Forex are in the company report.
Financial statements from FY 2019
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Mapkart Forex Private Limited
Mapkart Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Alpha Forex Private Limited | ₹1.62 Cr (FY 2025) | •••• | •••• | -41.0% | •••• | Chandigarh, India |
| Invitation Forex Private Limited | ₹1.62 Cr (FY 2025) | •••• | •••• | -39.0% | •••• | New Delhi, Delhi, India |
| New India Biopharma Private Limited | ₹1.62 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | New Delhi, Delhi, India |
| Susheel Holidays and Forex Private Limited | ₹1.62 Cr (FY 2024) | •••• | •••• | 47.0% | •••• | Bangalore, Karnataka, India |
| Sargam Forex Private Limited | ₹1.61 Cr (FY 2024) | •••• | •••• | 44.0% | •••• | Ahmedabad, Gujarat, India |
| Mapkart Forex Private Limited this company | ₹1.6 Cr (FY 2025) | •••• | •••• | -45.0% | •••• | Mumbai, Maharashtra, India |
| Riti Forex Private Limited | ₹1.6 Cr (FY 2025) | •••• | •••• | -48.0% | •••• | Jaipur, Rajasthan, India |
| Yuva Polytech Private Limited | ₹1.56 Cr (FY 2024) | •••• | •••• | 36.0% | •••• | Ahmedabad, Gujarat, India |
| Southernland Forex and Services India Private Limited | ₹1.55 Cr (FY 2021) | •••• | •••• | -88.0% | •••• | Coimbatore, Tamil Nadu, India |
| Sprint Financial Consultants Limited | ₹1.53 Cr (FY 2020) | •••• | •••• | 159.0% | •••• | Jaipur, Rajasthan, India |
| Ashraf Forex & Tours Private Limited | ₹1.53 Cr (FY 2022) | •••• | •••• | -12.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Mapkart Forex by revenue in the BFSI industry (Money Exchange Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Mapkart Forex Private Limited
Mapkart Forex Private Limited is audited by PARMAR & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PARMAR & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Mapkart Forex Private Limited
Mapkart Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Suresh Champalal Jain | Director | 14 Nov 2018 | 7 Years 10 Months | Current |
| Ashish Suresh Jain Also directs: Consulere Services LLP, Sun Globelink Private Limited | Director | 14 Nov 2018 | 7 Years 10 Months | Current |
Ownership and Shareholding of Mapkart Forex Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mapkart Forex Private Limited
Mapkart Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Mapkart Forex Private Limited
Employment history and EPFO contributions of people linked to Mapkart Forex.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Mapkart Forex Private Limited
Mapkart Forex Private Limited has 2 board changes on record since 2018: 2 appointments. The latest: Ashish Suresh Jain was appointed as Director on 14 Nov 2018.
Credit Ratings, Litigation & Regulatory Alerts for Mapkart Forex Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Mapkart Forex Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mapkart Forex Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Mapkart Forex Private Limited
Mapkart Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCM2309K1Z9 | Maharashtra | Active | 16 Jan 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mapkart Forex Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Mapkart Forex Private Limited
Mapkart 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 14 November 2018 (8+ years old) and is registered under CIN U67200MH2018PTC317038.
Mapkart Forex reported revenue of ₹1.6 Cr for FY 2025 (down 45% YoY).
Mapkart Forex has 2 current directors:
- Suresh Champalal Jain - Director
- Ashish Suresh Jain - Director
Mapkart Forex reported a net profit of ₹21,728 (net margin 0.1%) and EBITDA of ₹56,275 (EBITDA margin 0.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mapkart Forex is 464% over three years and -41% over five years. In the latest year (FY 2025) revenue fell 45%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mapkart Forex is 27AAMCM2309K1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mapkart Forex is U67200MH2018PTC317038. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mapkart Forex was incorporated on 14 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Mapkart Forex by revenue are Alpha Forex Private Limited, Invitation Forex Private Limited, New India Biopharma Private Limited, Susheel Holidays and Forex Private Limited, Sargam Forex Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Ashish Suresh Jain was appointed as Director on 14 Nov 2018. Suresh Champalal Jain was appointed as Director on 14 Nov 2018.
The registered office of Mapkart Forex is at Flat No 212 B Wing Shyamkamal Agarwal Market Nr Dinanath Mangshakar Hall, Mumbai, Maharashtra, India – 400057.