Paul Forex Limited
About Paul Forex Limited
Data last updated:
Paul Forex Limited is a public limited company based in Jalandhar, Punjab, India. It operates in the forex services segment of the financial services sector. It was incorporated on 14 December 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U67190PB2009PLC047160. Its GSTIN is 03AAFCP2655N1Z8 (Punjab).
The company has an authorised share capital of ₹55 Lakh and a paid-up capital of ₹52.2 Lakh. It is led by directors including Arun Rajput and Sudesh Kumar.
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 Shop No. 3169 Wadda Chowk Tehsil Bazar Nakodar, Jalandhar, Punjab, India – 144040.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.23 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹92,020 (net margin 0.1%) and EBITDA of ₹1.12 Lakh (EBITDA margin 0.1%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 3% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressShop No. 3169 Wadda Chowk Tehsil Bazar Nakodar, Jalandhar, Punjab, India – 144040
- 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 Paul Forex Limited
The main business activity of Paul Forex is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial 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 Paul Forex Limited FY 2025 filings available
Paul Forex Limited reported revenue of ₹8.23 Cr (up 38% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Paul Forex Limited
Revenue rose 38% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 3%. EBITDA fell 45% 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 Paul Forex 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 | ₹1.12 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹92,020 | •••• | •••• | •••• | •••• |
| 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 Paul Forex Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.1% | •••• | •••• | •••• | •••• |
| 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 Paul Forex are in the company report.
Financial statements from 2015
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 Paul Forex Limited
Paul Forex 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 |
|---|---|---|---|---|---|---|
| Forex Advisors Private Limited | ₹8.26 Cr (FY 2025) | •••• | •••• | 176.0% | •••• | Phagwara, Punjab, India |
| Bhagawati Forex Business Private Limited | ₹8.25 Cr (FY 2024) | •••• | •••• | 211.0% | •••• | Indore, Madhya Pradesh, India |
| Silver Lining Forex Private Limited | ₹8.24 Cr (FY 2025) | •••• | •••• | 70.0% | •••• | Ghaziabad, Uttar Pradesh, India |
| Weisz Forex Private Limited | ₹8.24 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | New Delhi, Delhi, India |
| Savitri Consultancy Services Private Limited | ₹8.23 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | New Delhi, Delhi, India |
| Paul Forex Limited this company | ₹8.23 Cr (FY 2025) | •••• | •••• | 38.0% | •••• | Jalandhar, Punjab, India |
| Cross Line Forex Private Limited | ₹8.21 Cr (FY 2023) | •••• | •••• | •••• | Chennai, Tamil Nadu, India | |
| Cnmoney Financial Services Private Limited | ₹8.21 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Hyderabad, Telangana, India |
| Sky and Sky Forex Private Limited | ₹8.19 Cr (FY 2025) | •••• | •••• | -49.0% | •••• | Chennai, Tamil Nadu, India |
| Shakti Forex Private Limited | ₹8.18 Cr (FY 2025) | •••• | •••• | -18.0% | •••• | New Delhi, Delhi, India |
| Sethi Forex Private Limited | ₹8.14 Cr (FY 2024) | •••• | •••• | 21.0% | •••• | Amritsar, Punjab, India |
Peers are the five companies nearest above and the five nearest below Paul 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 Paul Forex Limited
Paul Forex Limited is audited by ANAND TARUN & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ANAND TARUN & CO | 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 Paul Forex Limited
Paul Forex has 5 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arun Rajput | Director | 14 Dec 2009 | 16 Years 9 Months | Current |
| Sudesh Kumar | Director | 14 Dec 2009 | 16 Years 9 Months | Current |
| Niraj Bala | Director | 19 Oct 2020 | 5 Years 11 Months | Current |
| Ravinder Paul Rajput Also directs: Springvalley Resorts and Agro Limited | Director | 14 Dec 2009 | 16 Years 9 Months | Current |
| Inderpal Rajput | Director | 14 Dec 2009 | 16 Years 9 Months | Current |
Ownership and Shareholding of Paul Forex 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 Paul Forex Limited
Paul Forex Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Paul Forex Limited
Employment history and EPFO contributions of people linked to Paul 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.
CIN History of Paul Forex Limited
Paul Forex has one previous CIN (Corporate Identification Number): U67190CH2009PLC031927. The current CIN is U67190PB2009PLC047160, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67190PB2009PLC047160 | Current |
| U67190CH2009PLC031927 | Previous |
Recent Activity on Paul Forex Limited
Paul Forex Limited has 7 board changes on record since 2009: 5 appointments and 2 cessations. The latest: Niraj Bala ceased to be Additional Director on 31 Dec 2020.
Credit Ratings, Litigation & Regulatory Alerts for Paul Forex 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 Paul Forex 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 Paul Forex 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 Paul Forex Limited
Paul Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAFCP2655N1Z8 | Punjab | Active | 01 Jul 2017 |
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 Paul Forex 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 Paul Forex Limited
Paul Forex is an active public limited company based in Jalandhar, Punjab, India. The company works in forex services, within the financial services industry. It was incorporated on 14 December 2009 (17+ years old) and is registered under CIN U67190PB2009PLC047160.
Paul Forex reported revenue of ₹8.23 Cr for FY 2025 (up 38% YoY).
Paul Forex has 5 current directors:
- Arun Rajput - Director
- Sudesh Kumar - Director
- Niraj Bala - Director
- Ravinder Paul Rajput - Director
- Inderpal Rajput - Director
Paul Forex reported a net profit of ₹92,020 (net margin 0.1%) and EBITDA of ₹1.12 Lakh (EBITDA margin 0.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Paul Forex is 5% over three years and -3% over five years. In the latest year (FY 2025) revenue rose 38%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Paul Forex is 03AAFCP2655N1Z8, registered in Punjab.
The CIN (Corporate Identification Number) of Paul Forex is U67190PB2009PLC047160. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Paul Forex was incorporated on 14 December 2009, making it 17+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Paul Forex by revenue are Forex Advisors Private Limited, Bhagawati Forex Business Private Limited, Silver Lining Forex Private Limited, Weisz Forex Private Limited, Savitri Consultancy Services Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Niraj Bala ceased to be Additional Director on 31 Dec 2020. Niraj Bala was appointed as Director on 19 Oct 2020. Kamalpreet Singh ceased to be Director on 24 Aug 2019. Paul Forex has 7 board changes on record in total.
The registered office of Paul Forex is at Shop No. 3169 Wadda Chowk Tehsil Bazar Nakodar, Jalandhar, Punjab, India – 144040.