Shraddha Forex Private Limited
About Shraddha Forex Private Limited
Data last updated:
Shraddha Forex Private Limited is a private limited company based in Jamnagar, Gujarat, India. It operates in the forex services segment of the financial services sector. It was incorporated on 15 March 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67100GJ2018PTC101302. Its GSTIN is 24AAZCS9990F1ZE (Gujarat).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹26.2 Lakh. It is led by directors Riya Ram Sarda and Kausha Hariom Sarda.
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 Pragrainiwas Groundfloorcbiroad, Jamnagar, Gujarat, India – 361001.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.44 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net profit of ₹3.46 Lakh (net margin 0.8%) and EBITDA of ₹8.07 Lakh (EBITDA margin 1.8%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 296% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Shraddha Forex Private Limited's registered office is in Jamnagar, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressPragrainiwas Groundfloorcbiroad, Jamnagar, Gujarat, India – 361001
- IndustryFinancial Services, Forex Services
To see the full contact details of Shraddha 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 Shraddha 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 Shraddha Forex Private Limited, buy the company report.
Financials of Shraddha Forex Private Limited
FY 2025 filings availableShraddha Forex Private Limited reported revenue of ₹4.44 Cr (down 46% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue fell 46% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 296%. EBITDA fell 38% 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 | ₹8.07 Lakh | ||||
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| Net Profit (PAT) | ₹3.46 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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| EBITDA Margin | 1.8% | ||||
| Net Profit Margin | 0.8% | ||||
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To see the full financial statements and ratios of Shraddha Forex Private Limited, buy the company report.
Board of directors of Shraddha Forex Private Limited
Shraddha Forex has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Riya Ram Sarda | Director | 05 May 2021 | 5 Years 5 Months | Current |
| Kausha Hariom Sarda | Director | 15 Mar 2018 | 8 Years 7 Months | Current |
Peer comparison
Shraddha Forex Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Gadin Forex Private Limited | ₹4.57 Cr (FY 2024) | -35.0% | Vellore, Tamil Nadu, India | |||
| Shivmudra Currency Exchange Private Limited | ₹4.57 Cr (FY 2025) | 3.0% | Pune, Maharashtra, India | |||
| Madhyamgram Money Changer Private Limited | ₹4.54 Cr (FY 2025) | 292.0% | Madhyamgram, West Bengal, India | |||
| Kanishka Forex Private Limited | ₹4.44 Cr (FY 2025) | 8.0% | Meerut, Uttar Pradesh, India | |||
| Shraddha Forex Private Limitedthis company | ₹4.44 Cr (FY 2024) | ₹3.46 Lakh | 0.8% | -46.0% | Jamnagar, Gujarat, India | |
| Kottayam Forex Services Private Limited | ₹4.42 Cr (FY 2025) | -16.0% | Kottayam, Kerala, India | |||
| M I & M Travel and Forex Private Limited | ₹4.39 Cr (FY 2024) | 74.0% | Bangalore, Karnataka, India | |||
| Travolic Forex Private Limited | ₹4.32 Cr (FY 2025) | -82.0% | Delhi, India |
To see the full peer comparison of Shraddha Forex Private Limited, buy the company report.
Auditor
Shraddha Forex Private Limited is audited by CHETAN AGARWAL & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| CHETAN AGARWAL & CO | FY 2020 | 120447W |
Shareholding
The shareholding of Shraddha Forex Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Shraddha Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Shraddha 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 Shraddha Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Shraddha Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAZCS9990F1ZE | Gujarat | Active | 22 Jul 2019 |
To see the full GST registrations and return filing status of Shraddha Forex Private Limited, buy the company report.
Recent activity
Shraddha Forex Private Limited has 3 board changes on record since 2018: 2 appointments and 1 cessation. The latest: Riya Ram Sarda was appointed as Director on 05 May 2021.
Frequently asked questions
Shraddha Forex is an active private limited company based in Jamnagar, Gujarat, India. The company works in forex services, within the financial services industry. It was incorporated on 15 March 2018 (8+ years old) and is registered under CIN U67100GJ2018PTC101302.
Shraddha Forex has 2 current directors:
- Riya Ram Sarda - Director
- Kausha Hariom Sarda - Director
The latest financial statements of Shraddha 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 2018 are in the company report.
The GSTIN of Shraddha Forex is 24AAZCS9990F1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Shraddha Forex is U67100GJ2018PTC101302. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Shraddha Forex was incorporated on 15 March 2018, making it 8+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Shraddha Forex by revenue are Gadin Forex Private Limited, Shivmudra Currency Exchange Private Limited, Madhyamgram Money Changer Private Limited, Kanishka Forex Private Limited, Kottayam Forex Services Private Limited and 2 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Riya Ram Sarda was appointed as Director on 05 May 2021. Manisha Ram Sarda ceased to be Director on 18 Apr 2021. Kausha Hariom Sarda was appointed as Director on 15 Mar 2018.
The registered office of Shraddha Forex is at Pragrainiwas Groundfloorcbiroad, Jamnagar, Gujarat, India – 361001.
Shraddha Forex operates in the financial services industry, in the forex services segment.
The compliance status of Shraddha Forex is compliant as of 28 September 2026. The company is actively filing with the Registrar of Companies.