Nirmalson Forex Private Limited
About Nirmalson Forex Private Limited
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Nirmalson Forex Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the forex services segment of the financial services sector. It was incorporated on 29 April 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74120DL2010PTC202175. Its GSTIN is 07AADCN2527M1ZB (Delhi).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹27 Lakh. It is led by directors Kulvinder Singh Sethi and Manvir Singh Sethi.
Its last annual general meeting (AGM) was held on 15 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 5/19 (Part Wc) Corner Shop Old Double Storey Lajpat Nagar – IV, New Delhi, Delhi, India – 110024.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.23 Cr, a decline of 40% compared to the previous year. For the same year it recorded a net profit of ₹75,124 (net margin 0.1%) and EBITDA of ₹1.43 Lakh (EBITDA margin 0.2%). Revenue has declined at a compounded annual rate (CAGR) of 51% over three years and 9% over five years.
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Nirmalson Forex Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address5/19 (Part Wc) Corner Shop Old Double Storey Lajpat Nagar – IV, New Delhi, Delhi, India – 110024
- IndustryFinancial Services, Forex Services
To see the full contact details of Nirmalson 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 Nirmalson Forex is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Nirmalson Forex Private Limited, buy the company report.
Financials of Nirmalson Forex Private Limited
FY 2025 filings availableNirmalson Forex Private Limited reported revenue of ₹7.23 Cr (down 40% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 40% fall in the latest year. EBITDA fell 31% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹1.43 Lakh | ||||
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| Net Profit (PAT) | ₹75,124 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 0.2% | ||||
| Net Profit Margin | 0.1% | ||||
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To see the full financial statements and ratios of Nirmalson Forex Private Limited, buy the company report.
Board of directors of Nirmalson Forex Private Limited
Nirmalson 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 |
|---|---|---|---|---|
| Kulvinder Singh Sethi | Director | 29 Apr 2010 | 16 Years 6 Months | Current |
| Manvir Singh Sethi | Director | 16 Feb 2022 | 4 Years 8 Months | Current |
Auditor
Nirmalson Forex Private Limited is audited by RAJESH KRISHNA KHANNA & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAJESH KRISHNA KHANNA & ASSOCIATES | FY 2020 | 007694N |
Shareholding
The shareholding of Nirmalson Forex Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Nirmalson Forex Private Limited, buy the company report.
Legal cases
Nirmalson Forex Private Limited has 2 court cases on record: 1 filed by Nirmalson Forex, 1 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
| Supreme Court | 1 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Central, Delhi | Civil suit | Filed against the company by State | Disposed |
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed by the company against Union of India Through Secretary Ministry of Finance Secretary Department of Revenue No. 137 North Block, Cabinet Secretariat, Raisina Hill, New Delhi ,New Delhi , Delhi and 1 other | Disposed |
To see the full case history of Nirmalson Forex Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Nirmalson Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nirmalson Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCN2527M1ZB | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Nirmalson Forex Private Limited, buy the company report.
Recent activity
Nirmalson Forex Private Limited has 5 board changes on record since 2010: 2 appointments and 3 cessations. The latest: Manvir Singh Sethi ceased to be Additional Director on 09 Sep 2022.
Frequently asked questions
Nirmalson Forex is an active private limited company based in New Delhi, Delhi, India. The company works in forex services, within the financial services industry. It was incorporated on 29 April 2010 (16+ years old) and is registered under CIN U74120DL2010PTC202175.
Nirmalson Forex has 2 current directors:
- Kulvinder Singh Sethi - Director
- Manvir Singh Sethi - Director
The latest financial statements of Nirmalson Forex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 15 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Nirmalson Forex is 07AADCN2527M1ZB, registered in Delhi.
The CIN (Corporate Identification Number) of Nirmalson Forex is U74120DL2010PTC202175. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nirmalson Forex has 2 court cases on record: 1 filed by the company and 1 filed against it. Most are in the district courts.
Nirmalson Forex was incorporated on 29 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
Manvir Singh Sethi ceased to be Additional Director on 09 Sep 2022. Gajinder Sethi ceased to be Director on 17 Feb 2022. Manvir Singh Sethi was appointed as Director on 16 Feb 2022. Nirmalson Forex has 5 board changes on record in total.
The registered office of Nirmalson Forex is at 519 Part Wc Corner Shop Old Double Storey Lajpat Nagar – IV, New Delhi, Delhi, India – 110024.
Nirmalson Forex operates in the financial services industry, in the forex services segment.