Maruti Forex Private Limited
About Maruti Forex Private Limited
Data last updated:
Maruti Forex Private Limited was a private limited company based in Vadodara, Gujarat, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the financial brokerage segment of the financial services sector. It was incorporated on 21 August 2013.
The company was registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67110GJ2013PTC076488.
The company had an authorised share capital of ₹27 Lakh and a paid-up capital of ₹27 Lakh. It was led by directors Dilip Tejwani Nareshkumar and Nareshkumar Wadhumal Tejwani.
Its last annual general meeting (AGM) was held on 01 July 2026, and its latest financial statements are for the year ended 31 March 2026. The registered office was at 101 Atria – 2 Opp Shreyas Vidhyalay Manjalpur, Vadodara, Gujarat, India – 390006.
As per the financials filed for FY 2026, the company reported a revenue of ₹1.87 Lakh, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹52,710 (net margin -28.3%) and EBITDA of ₹1.53 Lakh (EBITDA margin 82.3%). Revenue has declined at a compounded annual rate (CAGR) of 73% over three years and 64% over five years.
Company details
Contact details
Maruti Forex Private Limited's registered office is in Vadodara, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address101 Atria – 2 Opp Shreyas Vidhyalay Manjalpur, Vadodara, Gujarat, India – 390006
- IndustryFinancial Services, Financial Brokerage, Advisory, Financial Activities, Consultancy
To see the full contact details of Maruti 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 Maruti 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 Maruti Forex Private Limited, buy the company report.
Financials of Maruti Forex Private Limited
FY 2026 filings availableMaruti Forex Private Limited reported revenue of ₹1.87 Lakh (down 46% YoY) for FY 2026.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 64% over five years, including a 46% fall in the latest year. EBITDA fell 41% 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 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.87 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹1.53 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹52,710 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
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| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 82.3% | ||||
| Net Profit Margin | -28.3% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
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| 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 Maruti Forex Private Limited, buy the company report.
Board of directors of Maruti Forex Private Limited
Maruti Forex has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilip Tejwani Nareshkumar | Director | 21 Aug 2013 | 13 Years 2 Months | As last reported |
| Nareshkumar Wadhumal Tejwani | Director | 05 Jun 2019 | 7 Years 5 Months | As last reported |
Peer comparison
Maruti Forex Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Ashima Chitty Funds Private Limited | ₹3.47 Lakh (FY 2025) | -4.0% | Kozhikode, Kerala, India | |||
| Raj Securities Limited | ₹3.47 Lakh (FY 2021) | 14.0% | Kolkata, West Bengal, India | |||
| Annexation Commosales Private Limited | ₹3.47 Lakh (FY 2025) | 460.0% | Kolkata, West Bengal, India | |||
| Suyojit Investment and Engineering Pvt Ltd | ₹3.47 Lakh (FY 2016) | -14.0% | Mumbai, Maharashtra, India | |||
| Hill Light Chits Private Limited | ₹3.47 Lakh (FY 2024) | -44.0% | Kannur, Kerala, India | |||
| Tirupati Financial Services Ltd. | ₹3.46 Lakh (FY 2025) | -10.0% | Kolkata, West Bengal, India | |||
| Paithan Urban Multiple Nidhi Limited | ₹3.46 Lakh (FY 2021) | 11.0% | Aurangabad, Maharashtra, India | |||
| Janakta Maa Laxmi Tarai Nidhi Limited | ₹3.46 Lakh (FY 2025) | -19.0% | Rudrapur, Uttarakhand, India | |||
| Arjun Credit and Investments Pvt. Ltd. | ₹3.46 Lakh (FY 2025) | 1.0% | Ludhiana, Punjab, India | |||
| Shivendra Nidhi Limited | ₹3.46 Lakh (FY 2022) | 16.0% | Rishikesh, Uttarakhand, India | |||
| Maruti Forex Private Limitedthis company | ₹1.87 Lakh (FY 2026) | -₹52,710 | -28.3% | -46.0% | Vadodara, Gujarat, India |
To see the full peer comparison of Maruti Forex Private Limited, buy the company report.
Auditor
Maruti Forex Private Limited is audited by N L BRAHMKHATRI & CO for the financial year 2026.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N L BRAHMKHATRI & CO | FY 2026 | 625806 |
Shareholding
The shareholding of Maruti Forex Private Limited is on record for 5 financial years, the latest being FY 2026, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2026 | FY 2025 | FY 2024 | FY 2023 | FY 2022 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Maruti Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Maruti 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 Maruti 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 Maruti Forex Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Maruti Forex Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Bhagchand Dhalumal Khanchandani ceased to be Director on 10 Jun 2019.
Frequently asked questions
Maruti Forex has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Maruti Forex was a private limited company based in Vadodara, Gujarat, India. The company worked in financial brokerage, within the financial services industry. It was incorporated on 21 August 2013 and is registered under CIN U67110GJ2013PTC076488. The company has been struck off by the Registrar of Companies and is no longer operational.
Maruti Forex had 2 directors:
- Dilip Tejwani Nareshkumar - Director
- Nareshkumar Wadhumal Tejwani - Director
The CIN (Corporate Identification Number) of Maruti Forex is U67110GJ2013PTC076488. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Maruti Forex is at 101 Atria – 2 Opp Shreyas Vidhyalay Manjalpur, Vadodara, Gujarat, India – 390006.
Maruti Forex was incorporated on 21 August 2013. It is registered with the Registrar of Companies, Ahmedabad.
The latest financial statements of Maruti Forex on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 01 July 2026. Year-wise statements from 2015 are in the company report.
Maruti Forex operated in the financial services industry, in the financial brokerage segment. It worked in this industry before it was struck off.
The peers of Maruti Forex by revenue are Ashima Chitty Funds Private Limited, Raj Securities Limited, Annexation Commosales Private Limited, Suyojit Investment and Engineering Pvt Ltd, Hill Light Chits Private Limited and 5 more, all in the same principal business activity (other financial activities).
Bhagchand Dhalumal Khanchandani ceased to be Director on 10 Jun 2019. Nareshkumar Wadhumal Tejwani was appointed as Director on 05 Jun 2019. Dilip Tejwani Nareshkumar was appointed as Director on 21 Aug 2013.
The compliance status of Maruti Forex is compliant as of 01 November 2026.
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