About Pelican Forex Private Limited
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Pelican Forex Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the forex services segment of the financial services sector. It was incorporated on 12 June 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74140GJ2015PTC083514. Its GSTIN is 24AAICP1613P1Z9 (Gujarat).
The company has an authorised share capital of ₹28 Lakh and a paid-up capital of ₹28 Lakh. It is led by directors Jigneshkumar Babulal Thakkar and Gaurav Jain Sureshchandra.
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 9 1st Floor Maharshi Complex Ankur Cross Roads Naranpura, Ahmedabad, Gujarat, India – 380013.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.84 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹7.12 Lakh (net margin -90.8%) and EBITDA of -₹8.96 Lakh (EBITDA margin -114.4%). Revenue has declined at a compounded annual rate (CAGR) of 70% over three years and 54% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website pelicanforex.co.in.
Company details
Contact details
Pelican Forex Private Limited's registered office is in Ahmedabad, Gujarat. Its website is pelicanforex.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShop No 9 1st Floor Maharshi Complex Ankur Cross Roads Naranpura, Ahmedabad, Gujarat, India – 380013
- IndustryFinancial Services, Forex Services
To see the full contact details of Pelican 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 Pelican 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 Pelican Forex Private Limited, buy the company report.
Financials of Pelican Forex Private Limited
FY 2025 filings availablePelican Forex Private Limited reported revenue of ₹7.84 Lakh (down 98% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 54% over five years, including a 98% fall 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 | -₹8.96 Lakh | ||||
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| Net Profit (PAT) | -₹7.12 Lakh | ||||
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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 | -114.4% | ||||
| Net Profit Margin | -90.8% | ||||
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To see the full financial statements and ratios of Pelican Forex Private Limited, buy the company report.
Board of directors of Pelican Forex Private Limited
Pelican Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jigneshkumar Babulal Thakkar | Director | 12 Jun 2015 | 11 Years 4 Months | Current |
| Gaurav Jain Sureshchandra | Director | 12 Jun 2015 | 11 Years 4 Months | Current |
Peer comparison
Pelican Forex Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Kashik Forex Private Limited | ₹8.2 Lakh (FY 2025) | Hyderabad, Telangana, India | ||||
| Peacock Forex Private Limited | ₹8.13 Lakh (FY 2025) | -24.0% | Chennai, Tamil Nadu, India | |||
| Ask Forex Private Limited | ₹8.09 Lakh (FY 2025) | -7.0% | Bangalore, Karnataka, India | |||
| Pelican Forex Private Limitedthis company | ₹7.84 Lakh (FY 2025) | -₹7.12 Lakh | -90.8% | -98.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Pelican Forex Private Limited, buy the company report.
Auditor
Pelican Forex Private Limited is audited by H S V J & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| H S V J & CO | FY 2020 | 145729W |
Shareholding
The shareholding of Pelican 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 Pelican Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Pelican 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 Pelican Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Pelican Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAICP1613P1Z9 | Gujarat | Active | 14 Jul 2017 |
To see the full GST registrations and return filing status of Pelican Forex Private Limited, buy the company report.
Recent activity
Pelican Forex Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Gaurav Jain Sureshchandra was appointed as Director on 12 Jun 2015.
Frequently asked questions
Pelican Forex is an active private limited company based in Ahmedabad, Gujarat, India. The company works in forex services, within the financial services industry. It was incorporated on 12 June 2015 (11+ years old) and is registered under CIN U74140GJ2015PTC083514.
Pelican Forex has 2 current directors:
- Jigneshkumar Babulal Thakkar - Director
- Gaurav Jain Sureshchandra - Director
The latest financial statements of Pelican Forex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Pelican Forex is 24AAICP1613P1Z9, registered in Gujarat.
The CIN (Corporate Identification Number) of Pelican Forex is U74140GJ2015PTC083514. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Pelican Forex was incorporated on 12 June 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Pelican Forex by revenue are Kashik Forex Private Limited, Peacock Forex Private Limited, Ask Forex Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Gaurav Jain Sureshchandra was appointed as Director on 12 Jun 2015. Jigneshkumar Babulal Thakkar was appointed as Director on 12 Jun 2015.
Pelican Forex can be reached through the website pelicanforex.co.in. Its registered office is in Ahmedabad, Gujarat, India.
The registered office of Pelican Forex is at Shop No 9 1st Floor Maharshi Complex Ankur Cross Roads Naranpura, Ahmedabad, Gujarat, India – 380013.
Pelican Forex operates in the financial services industry, in the forex services segment.
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