Reliable Forex Private Limited
About Reliable Forex Private Limited
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Reliable Forex Private Limited is a private limited company based in Pune, Maharashtra, India. It operates in the forex services segment of the financial services sector. It was incorporated on 02 August 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U74999PN2005PTC021097. Its GSTIN is 27AADCR0910N2ZB (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹31 Lakh and a paid-up capital of ₹31 Lakh. It is led by directors Sushma Chandrakumar Baldota and Chandrakumar Popatlal Baldota.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 2417/A Exhibition Road East Street Pune – 411 001, Maharashtra, India – 411001.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.52 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹1.17 Lakh (net margin 0.1%) and EBITDA of ₹1.65 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 94% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Reliable Forex Private Limited's registered office is in Pune, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered Address2417/A Exhibition Road East Street Pune – 411 001, Maharashtra, India – 411001
- IndustryFinancial Services, Forex Services
To see the full contact details of Reliable 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 Reliable 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 Reliable Forex Private Limited, buy the company report.
Financials of Reliable Forex Private Limited
FY 2024 filings availableReliable Forex Private Limited reported revenue of ₹10.52 Cr (up 31% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 94% over three years, including 31% growth in the latest year. EBITDA fell 4% 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 | ₹1.65 Lakh | ||||
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| Net Profit (PAT) | ₹1.17 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 | 0.1% | ||||
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To see the full financial statements and ratios of Reliable Forex Private Limited, buy the company report.
Board of directors of Reliable Forex Private Limited
Reliable Forex has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sushma Chandrakumar Baldota | Director | 04 Mar 2019 | 7 Years 7 Months | Current |
| Chandrakumar Popatlal Baldota | Director | 02 Aug 2005 | 21 Years 3 Months | Current |
Peer comparison
Reliable 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 |
|---|---|---|---|---|---|---|
| Fiesta Forex Private Limited | ₹10.61 Cr (FY 2020) | 396.0% | Delhi, India | |||
| Tera Forex Private Limited | ₹10.56 Cr (FY 2024) | 19.0% | New Delhi, Delhi, India | |||
| Reliable Forex Private Limitedthis company | ₹10.52 Cr (FY 2024) | ₹1.17 Lakh | 0.1% | 31.0% | Pune, Maharashtra, India | |
| Mythri Forex Private Limited | ₹10.47 Cr (FY 2024) | 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 |
To see the full peer comparison of Reliable Forex Private Limited, buy the company report.
Auditor
Reliable Forex Private Limited is audited by SHARMAVORA&ASSOCIATES for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SHARMAVORA&ASSOCIATES | FY 2017 | 109981W |
Shareholding
The shareholding of Reliable Forex Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Reliable Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Reliable 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 Reliable Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Reliable Forex has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCR0910N2ZB | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Reliable Forex Private Limited, buy the company report.
Recent activity
Reliable Forex Private Limited has 4 board changes on record since 2005: 2 appointments and 2 cessations. The latest: Sushma Chandrakumar Baldota was appointed as Director on 04 Mar 2019.
Frequently asked questions
Reliable Forex is an active private limited company based in Pune, Maharashtra, India. The company works in forex services, within the financial services industry. It was incorporated on 02 August 2005 (21+ years old) and is registered under CIN U74999PN2005PTC021097.
Reliable Forex has 2 current directors:
- Sushma Chandrakumar Baldota - Director
- Chandrakumar Popatlal Baldota - Director
The latest financial statements of Reliable Forex on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Reliable Forex is 27AADCR0910N2ZB, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Reliable Forex is U74999PN2005PTC021097. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reliable Forex was incorporated on 02 August 2005, making it 21+ years old. It is registered with the Registrar of Companies, Pune.
The peers of Reliable Forex by revenue are Fiesta Forex Private Limited, Tera Forex Private Limited, Mythri Forex Private Limited, Viraaj Multiforex Private Limited, Shiva Forex Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Sushma Chandrakumar Baldota was appointed as Director on 04 Mar 2019. Pranjal Chandrakumar Baldota ceased to be Director on 01 Nov 2016. Sushma Chandrakumar Baldota ceased to be Director on 30 Oct 2009. Reliable Forex has 4 board changes on record in total.
The registered office of Reliable Forex is at 2417A Exhibition Road East Street Pune – 411 001, Maharashtra, India – 411001.
Reliable Forex operates in the financial services industry, in the forex services segment.
The compliance status of Reliable Forex is compliant as of 27 September 2026. The company is actively filing with the Registrar of Companies.
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