Wagad Forex Private Limited
About Wagad Forex Private Limited
Data last updated:
Wagad Forex Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 05 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PTC294744. Its GSTIN is 27AACCW0017E1ZT (Maharashtra).
The company has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹26 Lakh. It is led by directors Karamshi Desar Nandu and Vijay Damji Savla.
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 2025, the company reported a revenue of ₹10.71 Cr, a decline of 5% compared to the previous year. For the same year it recorded a net profit of ₹1.2 Lakh (net margin 0.1%) and EBITDA of ₹1.63 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 85% over three years and 22% over five years.
The company has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹25 Lakh; the latest was in March 2018. Its 3 peer companies in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities) are compared by revenue, 1 larger and 2 smaller; the largest is Raghuvir International Private Limited with revenue of ₹10.77 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Wagad Forex Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address is in the company report.
- Email
- Registered AddressShop No. 24 Tirupati Shopping Centre Premises, Nr Asiad Plaza S V Rd., Mumbai, Maharashtra, India – 400054
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Wagad 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 Wagad 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 Wagad Forex Private Limited, buy the company report.
Financials of Wagad Forex Private Limited
FY 2025 filings availableWagad Forex Private Limited reported revenue of ₹10.71 Cr (down 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 5% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA rose 9% 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 |
|---|---|---|---|---|---|
| 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 | ₹1.63 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.2 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.2% | ||||
| Net Profit Margin | 0.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Wagad Forex Private Limited, buy the company report.
Board of directors of Wagad Forex Private Limited
Wagad Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karamshi Desar Nandu | Director | 05 May 2017 | 9 Years 5 Months | Current |
| Vijay Damji Savla | Director | 05 May 2017 | 9 Years 5 Months | Current |
Peer comparison
Wagad Forex Private Limited is compared with the 3 companies closest to it by revenue in the BFSI industry (Other Financial 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 |
|---|---|---|---|---|---|---|
| Raghuvir International Private Limited | ₹10.77 Cr (FY 2023) | Vadodara, Gujarat, India | ||||
| Wagad Forex Private Limitedthis company | ₹10.71 Cr (FY 2025) | ₹1.2 Lakh | 0.1% | -5.0% | Mumbai, Maharashtra, India | |
| Maa Group Holdings Private Limited | ₹10.7 Cr (FY 2025) | 11.0% | Bangalore, Karnataka, India | |||
| Sangeeth Nidhi Limited | ₹10.66 Cr (FY 2025) | 31.0% | Ernakulam, Kerala, India |
To see the full peer comparison of Wagad Forex Private Limited, buy the company report.
Deals & funding
Wagad Forex Private Limited has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹25 Lakh; the latest was in March 2018.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Aug 2017 | Funding round | ₹25 Lakh | Investors: 3 individuals |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Wagad 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 Wagad Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Wagad Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCW0017E1ZT | Maharashtra | Active | 17 Jan 2018 |
To see the full GST registrations and return filing status of Wagad Forex Private Limited, buy the company report.
Recent activity
Wagad Forex Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Karamshi Desar Nandu was appointed as Director on 05 May 2017.
Frequently asked questions
Wagad Forex is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 05 May 2017 (9+ years old) and is registered under CIN U74999MH2017PTC294744.
Wagad Forex has 2 current directors:
- Karamshi Desar Nandu - Director
- Vijay Damji Savla - Director
The latest financial statements of Wagad 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 Wagad Forex is 27AACCW0017E1ZT, registered in Maharashtra.
The CIN (Corporate Identification Number) of Wagad Forex is U74999MH2017PTC294744. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Wagad Forex was incorporated on 05 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Wagad Forex has 2 deals on record (1 funding round, 1 secondary share transfer), with disclosed funding of ₹25 Lakh; the latest was in March 2018.
The peers of Wagad Forex by revenue are Raghuvir International Private Limited, Maa Group Holdings Private Limited, Sangeeth Nidhi Limited, all in the BFSI industry (Other Financial Services), with the same principal business activity (other financial activities).
Karamshi Desar Nandu was appointed as Director on 05 May 2017. Vijay Damji Savla was appointed as Director on 05 May 2017.
The registered office of Wagad Forex is at Shop No. 24 Tirupati Shopping Centre Premises, Nr Asiad Plaza S V Rd., Mumbai, Maharashtra, India – 400054.
Wagad Forex operates in the financial services industry, in the diversified financial services segment.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
