Startup India Government of India
Viraaj Multiforex Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹10.33 Cr
▲ 118% YoY
Net profit · FY 2024
₹2.68 Lakh
Net margin 0.3%
EBITDA · FY 2024
₹3.69 Lakh
EBITDA margin 0.4%
Authorised capital
₹27 Lakh
Registered with MCA
Paid-up capital
₹27 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Viraaj Multiforex Private Limited
Data last updated:
Viraaj Multiforex Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the forex services segment of the financial services sector. It was incorporated on 10 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U93090MH2017PTC298455. Its GSTIN is 27AAGCV0469F1Z8 (Maharashtra).
The company has an authorised share capital of ₹27 Lakh and a paid-up capital of ₹27 Lakh. It is led by directors Vishal Rajesh Soni and Rajesh Soni Mohanlal.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.33 Cr, a growth of 118% compared to the previous year. For the same year it recorded a net profit of ₹2.68 Lakh (net margin 0.3%) and EBITDA of ₹3.69 Lakh (EBITDA margin 0.4%). Revenue has grown at a compounded annual rate (CAGR) of 126% over three years and 16% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website changers-viraaj-multiforex-private.business.site.
Company Details of Viraaj Multiforex Private Limited
CIN U93090MH2017PTC298455
Registration Number 298455
Incorporation Date 10 August 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Viraaj Multiforex
Contact Details
- EmailLocked
- TelephoneLocked
- Social MediaLocked
- Registered AddressShop No.B – 12 Grd Flr Sunshine 27 – Apnaghar Lokhandwala Complex 1st Cross Lane An, Dheri – West, Mumbai, Maharashtra, India – 400053
- IndustryFinancial Services, Forex Services
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Business Activity
The main business activity of Viraaj Multiforex 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Financials of Viraaj Multiforex Private Limited
FY 2025 filings availableViraaj Multiforex Private Limited reported revenue of ₹10.33 Cr (up 118% YoY) for FY 2024.
Revenue · FY 2024
₹10.33 Cr ▲ 118%
Net profit · FY 2024
₹2.68 Lakh margin 0.3%
EBITDA · FY 2024
₹3.69 Lakh margin 0.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 118%
3 years · compounded
▲ 126%
5 years · compounded
▲ 16%
EBITDA CAGR growth
1 year
▲ 345%
3 years · compounded
▲ 40%
5 years · compounded
▼ 23%
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years, including 118% growth in the latest year. EBITDA rose 345% 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 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profit and Loss Statement | ||
| Revenue from Operations | •••• | |
| Other Income | •••• | |
| Total Revenue | •••• | |
| Cost of Materials Consumed | •••• | |
| Employee Benefit Expense | •••• | |
| Finance Costs | •••• | |
| Depreciation and Amortisation | •••• | |
| Other Expenses | •••• | |
| Total Expenses | •••• | |
| EBITDA | ₹3.69 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | ₹2.68 Lakh | |
| 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
| Metrics | FY 2023-24 | FY 2019-20 to FY 2022-23in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 0.4% | |
| Net Profit Margin | 0.3% | |
| 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, and every line for FY 2019-20 to FY 2022-23, 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 Viraaj Multiforex are in the company report.
: available in the company report
Board of Directors of Viraaj Multiforex Private Limited
Viraaj Multiforex has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vishal Rajesh Soni | Director | 10 Aug 2017 | 9 Years 2 Months | Current |
| Rajesh Soni Mohanlal Also directs: Changers Forex Private Limited | Director | 10 Aug 2017 | 9 Years 2 Months | Current |
Peer Comparison
Viraaj Multiforex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tera Forex Private Limited | ₹10.56 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | New Delhi, Delhi, India |
| 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 this company | ₹10.33 Cr (FY 2024) | •••• | •••• | 118.0% | •••• | Mumbai, Maharashtra, India |
| Shiva Forex Private Limited | ₹10.18 Cr (FY 2025) | •••• | •••• | -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 |
Peers are the companies nearest to Viraaj Multiforex by revenue, above and below it, in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Viraaj Multiforex Private Limited is audited by DESAI SHAH & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DESAI SHAH & ASSOCIATES | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
Viraaj Multiforex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance
Employment history and EPFO contributions of people linked to Viraaj Multiforex.
: available in the company report
Recent Activity
Viraaj Multiforex Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Rajesh Soni Mohanlal was appointed as Director on 10 Aug 2017.
AGM
Viraaj Multiforex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Viraaj Multiforex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Rajesh Soni Mohanlal was appointed as Director.
Appointed
Vishal Rajesh Soni was appointed as Director.
Incorporation
10 Aug 2017
Viraaj Multiforex Private Limited was registered on 10 Aug 2017 with Roc Mumbai & aged 9 years 2 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Viraaj Multiforex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCV0469F1Z8 | Maharashtra | Active | 27 Sep 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Viraaj Multiforex is an active private limited company based in Mumbai, Maharashtra, India. The company works in forex services, within the financial services industry. It was incorporated on 10 August 2017 (9+ years old) and is registered under CIN U93090MH2017PTC298455.
Viraaj Multiforex has 2 current directors:
- Vishal Rajesh Soni - Director
- Rajesh Soni Mohanlal - Director
The latest financial statements of Viraaj Multiforex 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 Viraaj Multiforex is 27AAGCV0469F1Z8, registered in Maharashtra.
The CIN (Corporate Identification Number) of Viraaj Multiforex is U93090MH2017PTC298455. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Viraaj Multiforex was incorporated on 10 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Viraaj Multiforex by revenue are Tera Forex Private Limited, Reliable Forex Private Limited, Mythri Forex Private Limited, Shiva Forex Private Limited, Anand Money Changers Private Limited and 1 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Rajesh Soni Mohanlal was appointed as Director on 10 Aug 2017. Vishal Rajesh Soni was appointed as Director on 10 Aug 2017.
Yes, Viraaj Multiforex is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Viraaj Multiforex can be reached through the website changers-viraaj-multiforex-private.business.site. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Viraaj Multiforex is at Shop No.B – 12 Grd Flr Sunshine 27 – Apnaghar Lokhandwala Complex 1st Cross Lane An, Dheri – West, Mumbai, Maharashtra, India – 400053.