Mythri Forex Private Limited
About Mythri Forex Private Limited
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Mythri Forex Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the forex services segment of the financial services sector. It was incorporated on 11 November 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U67100TG2019PTC136716. Its GSTIN is 36AANCM0661K1Z6 (Telangana).
The company has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹55 Lakh. It is led by directors Rajesh Papasani and Mahesh Papasani.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Flat No 104 Manjula Apartment Plot No 1 2 3 Dharma Reddy Colony Kphb, Hyderabad, Telangana, India – 500085.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.47 Cr, a growth of 118% compared to the previous year. For the same year it recorded a net profit of ₹1.99 Lakh (net margin 0.2%) and EBITDA of ₹2.33 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 308% over three years.
Company details
Contact details
Mythri Forex Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressFlat No 104 Manjula Apartment Plot No 1 2 3 Dharma Reddy Colony Kphb, Hyderabad, Telangana, India – 500085
- IndustryFinancial Services, Forex Services
To see the full contact details of Mythri 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 Mythri 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 Mythri Forex Private Limited, buy the company report.
Financials of Mythri Forex Private Limited
FY 2025 filings availableMythri Forex Private Limited reported revenue of ₹10.47 Cr (up 118% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 308% over three years, including 118% growth 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 | ₹2.33 Lakh | ||||
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| Net Profit (PAT) | ₹1.99 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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| Profitability | |||||
| EBITDA Margin | 0.2% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Mythri Forex Private Limited, buy the company report.
Board of directors of Mythri Forex Private Limited
Mythri Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Papasani | Director | 11 Nov 2019 | 6 Years 11 Months | Current |
| Mahesh Papasani | Director | 11 Nov 2019 | 6 Years 11 Months | Current |
Peer comparison
Mythri Forex Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Tera Forex Private Limited | ₹10.56 Cr (FY 2024) | 19.0% | New Delhi, Delhi, India | |||
| Reliable Forex Private Limited | ₹10.52 Cr (FY 2024) | 31.0% | Pune, Maharashtra, India | |||
| Mythri Forex Private Limitedthis company | ₹10.47 Cr (FY 2024) | ₹1.99 Lakh | 0.2% | 118.0% | Hyderabad, Telangana, India | |
| Viraaj Multiforex Private Limited | ₹10.33 Cr (FY 2024) | 118.0% | Mumbai, Maharashtra, India | |||
| Shiva Forex Private Limited | ₹10.18 Cr (FY 2025) | -12.0% | Ludhiana, Punjab, India | |||
| Anand Money Changers Private Limited | ₹10.15 Cr (FY 2025) | -63.0% | Anand, Gujarat, India |
To see the full peer comparison of Mythri Forex Private Limited, buy the company report.
Auditor
Mythri Forex Private Limited is audited by DARAPANENI & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| DARAPANENI & Co | FY 2023 | 000685S |
Shareholding
The shareholding of Mythri Forex Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Mythri Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Mythri 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 Mythri Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mythri Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AANCM0661K1Z6 | Telangana | Active | 09 Mar 2020 |
To see the full GST registrations and return filing status of Mythri Forex Private Limited, buy the company report.
Recent activity
Mythri Forex Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Mahesh Papasani was appointed as Director on 11 Nov 2019.
Frequently asked questions
Mythri Forex is an active private limited company based in Hyderabad, Telangana, India. The company works in forex services, within the financial services industry. It was incorporated on 11 November 2019 (7+ years old) and is registered under CIN U67100TG2019PTC136716.
Mythri Forex has 2 current directors:
- Rajesh Papasani - Director
- Mahesh Papasani - Director
The latest financial statements of Mythri Forex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 29 September 2025. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Mythri Forex is 36AANCM0661K1Z6, registered in Telangana.
The CIN (Corporate Identification Number) of Mythri Forex is U67100TG2019PTC136716. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mythri Forex was incorporated on 11 November 2019, making it 7+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Mythri Forex by revenue are Tera Forex Private Limited, Reliable Forex Private Limited, Viraaj Multiforex Private Limited, Shiva Forex Private Limited, Anand Money Changers Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Mahesh Papasani was appointed as Director on 11 Nov 2019. Rajesh Papasani was appointed as Director on 11 Nov 2019.
The registered office of Mythri Forex is at Flat No 104 Manjula Apartment Plot No 1 2 3 Dharma Reddy Colony Kphb, Hyderabad, Telangana, India – 500085.
Mythri Forex operates in the financial services industry, in the forex services segment.
Mythri Forex can be reached at its registered office: Flat No 104 Manjula Apartment Plot No 1 2 3 Dharma Reddy Colony Kphb, Hyderabad, Telangana, India – 500085.