Ultimate Exchange Private Limited
About Ultimate Exchange Private Limited
Data last updated:
Ultimate Exchange Private Limited was a private limited company based in New Delhi, Delhi, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the forex services segment of the financial services sector. It was incorporated on 12 February 2013.
The company was registered with the Registrar of Companies (ROC), Delhi, under CIN U93000DL2013PTC248189. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹27 Lakh and a paid-up capital of ₹27 Lakh. It was led by directors Harvinder Singh Hanspal and Tarun Jaitly.
Its last annual general meeting (AGM) was held on 30 September 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at House No – 173 Ground Floor Block – F Mansarover Garden, New Delhi, Delhi, India – 110015.
As per the financials filed for FY 2018, the company reported a revenue of ₹73.41 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹63,055 (net margin 0%) and EBITDA of ₹84,921 (EBITDA margin 0%). Revenue has grown at a compounded annual rate (CAGR) of 362% over three years.
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- Registered AddressHouse No – 173 Ground Floor Block – F Mansarover Garden, New Delhi, Delhi, India – 110015
- IndustryFinancial Services, Forex Services
- 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
- One PDF report, delivered after checkout
Business Activity of Ultimate Exchange Private Limited
The main business activity of Ultimate Exchange is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Ultimate Exchange Private Limited FY 2018 filings available
Ultimate Exchange Private Limited reported revenue of ₹73.41 Cr (up 3719% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR) of Ultimate Exchange Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 362% over three years. EBITDA rose 191% 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 of Ultimate Exchange Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹73.41 Cr | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | ₹84,921 | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹63,055 | •••• | •••• | •••• |
| Balance Sheet | ||||
| Share Capital | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• |
Financial Ratios of Ultimate Exchange Private Limited
| Metrics | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 0% | •••• | •••• | •••• |
| Net Profit Margin | 0% | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• |
| Liquidity and Debt | ||||
| Current Ratio | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• |
| Efficiency and Growth | ||||
| Asset Turnover | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Ultimate Exchange are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Ultimate Exchange Private Limited
Ultimate Exchange Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Day 2 Day Forex Private Limited | ₹78.75 Cr (FY 2025) | •••• | •••• | 6042.0% | •••• | Chennai, Tamil Nadu, India |
| Swift Forex Services Private Limited | ₹77.5 Cr (FY 2024) | •••• | •••• | 545.0% | •••• | Hyderabad, Telangana, India |
| Efficient Forex Private Limited | ₹74.29 Cr (FY 2025) | •••• | •••• | 56.0% | •••• | Mumbai, Maharashtra, India |
| Flyfox Forex Private Limited | ₹74.01 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | New Delhi, Delhi, India |
| Delphi World Money Limited Listed | ₹73.96 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Mumbai, Maharashtra, India |
| Ultimate Exchange Private Limited this company | ₹73.41 Cr (FY 2018) | •••• | •••• | 3719.0% | •••• | New Delhi, Delhi, India |
| JDS Forex and Holidays Private Limited | ₹73.16 Cr (FY 2020) | •••• | •••• | 20.0% | •••• | Delhi, India |
| Bajrang Forex Private Limited | ₹73.08 Cr (FY 2025) | •••• | •••• | -83.0% | •••• | New Delhi, Delhi, India |
| Dilkush Forex Solutions Private Limited | ₹72.47 Cr (FY 2024) | •••• | •••• | 47.0% | •••• | Chennai, Tamil Nadu, India |
| Kanji Forex Private Limited | ₹72.08 Cr (FY 2025) | •••• | •••• | 480.0% | •••• | Mumbai, Maharashtra, India |
| Dhanlav Forex Private Limited | ₹71.27 Cr (FY 2024) | •••• | •••• | 32.0% | •••• | Amritsar, Punjab, India |
Peers are the five companies nearest above and the five nearest below Ultimate Exchange by revenue in the BFSI industry (Money Exchange Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Ultimate Exchange Private Limited
Ultimate Exchange Private Limited is audited by JITENDER KUMAR BHARARA & ASSOCIATES for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| JITENDER KUMAR BHARARA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Ultimate Exchange Private Limited
Ultimate Exchange has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harvinder Singh Hanspal | Director | 08 Apr 2019 | 7 Years 6 Months | As last reported |
| Tarun Jaitly | Director | 08 Apr 2019 | 7 Years 6 Months | As last reported |
Ownership and Shareholding of Ultimate Exchange Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Ultimate Exchange Private Limited
Ultimate Exchange Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Ultimate Exchange Private Limited
Employment history and EPFO contributions of people linked to Ultimate Exchange.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Ultimate Exchange Private Limited
Ultimate Exchange Private Limited has 5 board changes on record since 2019: 2 appointments and 3 cessations. The latest: Rajbir Singh ceased to be Director on 10 Apr 2019.
Credit Ratings, Litigation & Regulatory Alerts for Ultimate Exchange Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Ultimate Exchange Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Ultimate Exchange Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Ultimate Exchange Private Limited
Ultimate Exchange has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Ultimate Exchange Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Ultimate Exchange Private Limited
Ultimate Exchange has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Ultimate Exchange was a private limited company based in New Delhi, Delhi, India. The company worked in forex services, within the financial services industry. It was incorporated on 12 February 2013 and is registered under CIN U93000DL2013PTC248189. The company has been struck off by the Registrar of Companies and is no longer operational.
Ultimate Exchange had 2 directors:
- Harvinder Singh Hanspal - Director
- Tarun Jaitly - Director
The CIN (Corporate Identification Number) of Ultimate Exchange is U93000DL2013PTC248189. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Ultimate Exchange is at House No – 173 Ground Floor Block – F Mansarover Garden, New Delhi, Delhi, India – 110015.
Ultimate Exchange was incorporated on 12 February 2013. It is registered with the Registrar of Companies, Delhi.
Ultimate Exchange reported revenue of ₹73.41 Cr for FY 2018 (up 3719% YoY).
Ultimate Exchange has an authorised share capital of ₹27 Lakh and a paid-up capital of ₹27 Lakh.
Ultimate Exchange reported a net profit of ₹63,055 (net margin 0%) and EBITDA of ₹84,921 (EBITDA margin 0%) for FY 2018, as per its filed financial statements.
No. Ultimate Exchange has 1 GST registration on record and it is cancelled or inactive.
Ultimate Exchange operated in the financial services industry, in the forex services segment. It worked in this industry before it was struck off.