Shiva Forex Private Limited
About Shiva Forex Private Limited
Data last updated:
Shiva Forex Private Limited is a private limited company based in Ludhiana, Punjab, India. It operates in the forex services segment of the financial services sector. It was incorporated on 16 June 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65929PB2020PTC051179.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹26 Lakh. It is led by directors Sanjay Dhand and Razy Dhand.
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 C/O Ashu Forex B – 20 – 666/1 Opp Ashok Emporium Main Road Ghumar Mandi, Ludhiana, Punjab, India – 141001.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.18 Cr, a decline of 12% compared to the previous year. For the same year it recorded a net profit of ₹96,708 (net margin 0.1%) and EBITDA of ₹1.4 Lakh (EBITDA margin 0.1%).
Company details
Contact details
Shiva Forex Private Limited's registered office is in Ludhiana, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressC/O Ashu Forex B – 20 – 666/1 Opp Ashok Emporium Main Road Ghumar Mandi, Ludhiana, Punjab, India – 141001
- IndustryFinancial Services, Forex Services
To see the full contact details of Shiva 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 Shiva 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 Shiva Forex Private Limited, buy the company report.
Financials of Shiva Forex Private Limited
FY 2025 filings availableShiva Forex Private Limited reported revenue of ₹10.18 Cr (down 12% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 12% in the latest year. EBITDA rose 26% 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 | ₹1.4 Lakh | ||||
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| Net Profit (PAT) | ₹96,708 | ||||
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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 | 0.1% | ||||
| Net Profit Margin | 0.1% | ||||
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To see the full financial statements and ratios of Shiva Forex Private Limited, buy the company report.
Board of directors of Shiva Forex Private Limited
Shiva Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Dhand | Director | 16 Jun 2020 | 6 Years 4 Months | Current |
| Razy Dhand | Director | 16 Jun 2020 | 6 Years 4 Months | Current |
Peer comparison
Shiva Forex Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Reliable Forex Private Limited | ₹10.52 Cr (FY 2024) | 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 Limitedthis company | ₹10.18 Cr (FY 2025) | ₹96,708 | 0.1% | -12.0% | Ludhiana, Punjab, India | |
| Anand Money Changers Private Limited | ₹10.15 Cr (FY 2025) | -63.0% | Anand, Gujarat, India | |||
| Eastern Forex Private Limited | ₹10.15 Cr (FY 2024) | 84.0% | Hyderabad, Telangana, India | |||
| Nightangle Forex and Travels Private Limited | ₹10.13 Cr (FY 2025) | -70.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Shiva Forex Private Limited, buy the company report.
Auditor
Shiva Forex Private Limited is audited by P.N. BHAKOO & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.N. BHAKOO & CO. | FY 2023 | 006455N |
Shareholding
The shareholding of Shiva Forex Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Shiva Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Shiva 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 Shiva Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Shiva Forex Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Shiva Forex Private Limited has 2 board changes on record since 2020: 2 appointments. The latest: Razy Dhand was appointed as Director on 16 Jun 2020.
Frequently asked questions
Shiva Forex is an active private limited company based in Ludhiana, Punjab, India. The company works in forex services, within the financial services industry. It was incorporated on 16 June 2020 (6+ years old) and is registered under CIN U65929PB2020PTC051179.
Shiva Forex has 2 current directors:
- Sanjay Dhand - Director
- Razy Dhand - Director
The latest financial statements of Shiva 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 2021 are in the company report.
The CIN (Corporate Identification Number) of Shiva Forex is U65929PB2020PTC051179. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shiva Forex was incorporated on 16 June 2020, making it 6+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Shiva Forex by revenue are Reliable Forex Private Limited, Mythri Forex Private Limited, Viraaj Multiforex Private Limited, Anand Money Changers Private Limited, Eastern Forex Private Limited and 1 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Razy Dhand was appointed as Director on 16 Jun 2020. Sanjay Dhand was appointed as Director on 16 Jun 2020.
The registered office of Shiva Forex is at CO Ashu Forex B – 20 – 6661 Opp Ashok Emporium Main Road Ghumar Mandi, Ludhiana, Punjab, India – 141001.
Shiva Forex operates in the financial services industry, in the forex services segment.
Shiva Forex can be reached at its registered office: CO Ashu Forex B – 20 – 6661 Opp Ashok Emporium Main Road Ghumar Mandi, Ludhiana, Punjab, India – 141001.
Shiva Forex is registered under the jurisdiction of the Registrar of Companies (ROC), Chandigarh.