Syed's Forex Exchange Private Limited
About Syed's Forex Exchange Private Limited
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Syed's Forex Exchange Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the financial intermediation and lending segment of the financial services sector. It was incorporated on 24 June 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U65990TG2019PTC133615. Its GSTIN is 36ABCCS2547J1Z6 (Telangana).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Bahamed Ayesha and Irfan Syed.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at 20 – 3 – 620 Hussainialam, Hyderabad, Telangana, India – 500064.
As per the financials filed for FY 2023, the company reported a revenue of ₹17.01 Lakh, a decline of 89% compared to the previous year. For the same year it recorded a net profit of ₹14,446 (net margin 0.8%) and EBITDA of ₹19,945 (EBITDA margin 1.2%).
Company details
Contact details
Syed's Forex Exchange Private Limited's registered office is in Hyderabad, Telangana. Its e-mail address is in the company report.
- Email
- Registered Address20 – 3 – 620 Hussainialam, Hyderabad, Telangana, India – 500064
- IndustryFinancial Services, Other Financial Intermediation
To see the full contact details of Syed's Forex Exchange 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 Syed's Forex Exchange 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 Syed's Forex Exchange Private Limited, buy the company report.
Financials of Syed's Forex Exchange Private Limited
FY 2023 filings availableSyed's Forex Exchange Private Limited reported revenue of ₹17.01 Lakh (down 89% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue fell 89% in the latest year. EBITDA rose 414% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹19,945 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹14,446 | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 1.2% | |||
| Net Profit Margin | 0.8% | |||
| Return on Equity (ROE) | ||||
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To see the full financial statements and ratios of Syed's Forex Exchange Private Limited, buy the company report.
Board of directors of Syed's Forex Exchange Private Limited
Syed's Forex Exchange 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 |
|---|---|---|---|---|
| Bahamed Ayesha | Director | 24 Jun 2019 | 7 Years 4 Months | Current |
| Irfan Syed | Director | 05 May 2022 | 4 Years 6 Months | Current |
Peer comparison
Syed's Forex Exchange Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| PS IT Infrastructure & Services Limited | ₹17.04 Lakh (FY 2025) | -99.0% | Mumbai, Maharashtra, India | |||
| MCP Nidhi Limited | ₹17.04 Lakh (FY 2025) | 7.0% | Thrissur, Kerala, India | |||
| N D Fiscal Services Private Limited | ₹17.04 Lakh (FY 2024) | 82.0% | Mumbai, Maharashtra, India | |||
| Diksuchi Chit Funds Private Limited | ₹17.02 Lakh (FY 2019) | 141.0% | Huzur Nagar, Telangana, India | |||
| Jena Viswas Nidhi Limited | ₹17.02 Lakh (FY 2024) | 117.0% | Sreekaryam, Kerala, India | |||
| Syed's Forex Exchange Private Limitedthis company | ₹17.01 Lakh (FY 2023) | ₹14,446 | 0.8% | -89.0% | Hyderabad, Telangana, India | |
| Aarg Enterprises Private Limited | ₹17 Lakh (FY 2024) | 2278.0% | New Delhi, Delhi, India | |||
| Tirumala Tea Agro Private Limited | ₹17 Lakh (FY 2025) | 2.0% | Assam, India | |||
| Carol Agency Private Limited | ₹16.99 Lakh (FY 2019) | 226792.0% | Kolkata, West Bengal, India | |||
| Parkash Real Estate and Trading Private Limited | ₹16.99 Lakh (FY 2022) | 101.0% | Noida, Uttar Pradesh, India | |||
| K D Hitek Tie Up Pvt Ltd | ₹16.99 Lakh (FY 2024) | -67.0% | Hyderabad, Telangana, India |
To see the full peer comparison of Syed's Forex Exchange Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Syed's Forex Exchange 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 Syed's Forex Exchange Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Syed's Forex Exchange has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36ABCCS2547J1Z6 | Telangana | Active | 20 Jul 2021 |
To see the full GST registrations and return filing status of Syed's Forex Exchange Private Limited, buy the company report.
Recent activity
Syed's Forex Exchange Private Limited has 4 board changes on record since 2019: 2 appointments and 2 cessations. The latest: Irfan Syed ceased to be Additional Director on 30 Sep 2022.
Frequently asked questions
Syed's Forex Exchange is an active private limited company based in Hyderabad, Telangana, India. The company works in other financial intermediation, within the financial services industry. It was incorporated on 24 June 2019 (7+ years old) and is registered under CIN U65990TG2019PTC133615.
Syed's Forex Exchange has 2 current directors:
- Bahamed Ayesha - Director
- Irfan Syed - Director
The latest financial statements of Syed's Forex Exchange on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2020 are in the company report.
The GSTIN of Syed's Forex Exchange is 36ABCCS2547J1Z6, registered in Telangana.
The CIN (Corporate Identification Number) of Syed's Forex Exchange is U65990TG2019PTC133615. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Syed's Forex Exchange was incorporated on 24 June 2019, making it 7+ years old. It is registered with the Registrar of Companies, Hyderabad.
The peers of Syed's Forex Exchange by revenue are PS IT Infrastructure & Services Limited, MCP Nidhi Limited, N D Fiscal Services Private Limited, Diksuchi Chit Funds Private Limited, Jena Viswas Nidhi Limited and 5 more, all in the same principal business activity (other financial activities).
Irfan Syed ceased to be Additional Director on 30 Sep 2022. Amina Begum ceased to be Director on 06 May 2022. Irfan Syed was appointed as Director on 05 May 2022. Syed's Forex Exchange has 4 board changes on record in total.
The registered office of Syed's Forex Exchange is at 20 – 3 – 620 Hussainialam, Hyderabad, Telangana, India – 500064.
Syed's Forex Exchange operates in the financial services industry, in the other financial intermediation segment.
Syed's Forex Exchange can be reached at its registered office: 20 – 3 – 620 Hussainialam, Hyderabad, Telangana, India – 500064.
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