About Welcome Forex Private Limited
Data last updated:
Welcome Forex Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the forex services segment of the financial services sector. It was incorporated on 04 December 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U67100TN2013PTC094047. Its GSTIN is 33AABCW4635P1ZY (Tamil Nadu).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Saiyath Sheik Mohamed Ali and Sultan Kader.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Chennai, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹30.8 Lakh, a decline of 57% compared to the previous year. For the same year it recorded a net profit of ₹91,000 (net margin 3%) and EBITDA of ₹1.69 Lakh (EBITDA margin 5.5%). Revenue has grown at a compounded annual rate (CAGR) of 216% over three years and 16% over five years.
Court records list 4 cases involving the company, including 2 filed by the company and 2 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website welcomeeforex.com.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressShop No.9 Ground Floor Prince Arcade, New No.29/34 Old No. 22A/34 Cathedral Road Teynampet, Chennai, Tamil Nadu, India – 600086
- 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 Welcome Forex Private Limited
The main business activity of Welcome Forex 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 Welcome Forex Private Limited FY 2024 filings available
Welcome Forex Private Limited reported revenue of ₹30.8 Lakh (down 57% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Welcome Forex Private Limited
Revenue fell 57% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 16%. EBITDA fell 20% 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 Welcome Forex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹1.69 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹91,000 | •••• | •••• | •••• | •••• |
| 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 Welcome Forex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 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 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 Welcome Forex 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.
Board of Directors of Welcome Forex Private Limited
Welcome Forex has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Saiyath Sheik Mohamed Ali | Director | 17 Jun 2016 | 10 Years 4 Months | Current |
| Sultan Kader | Director | 29 Jul 2019 | 7 Years 2 Months | Current |
Peer Comparison of Welcome Forex Private Limited
Welcome Forex 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 |
|---|---|---|---|---|---|---|
| Midas Touch Forex & Travels Private Limited | ₹33.2 Lakh (FY 2025) | •••• | •••• | -4.0% | •••• | Chennai, Tamil Nadu, India |
| Alhind Study Abroad Private Limited | ₹33.11 Lakh (FY 2025) | •••• | •••• | 63.0% | •••• | Kozhikode, Kerala, India |
| Shayona Forex Private Limited | ₹32.55 Lakh (FY 2025) | •••• | •••• | -78.0% | •••• | Ahmedabad, Gujarat, India |
| A.K.S.S. Forex Private Limited | ₹32.27 Lakh (FY 2025) | •••• | •••• | 3.0% | •••• | Chennai, Tamil Nadu, India |
| CSK Forex Private Limited | ₹30.88 Lakh (FY 2022) | •••• | •••• | -25.0% | •••• | Chennai, Tamil Nadu, India |
| Welcome Forex Private Limited this company | ₹30.8 Lakh (FY 2024) | •••• | •••• | -57.0% | •••• | Chennai, Tamil Nadu, India |
| Bold Forex N Travel Private Limited | ₹30.74 Lakh (FY 2025) | •••• | •••• | -25.0% | •••• | New Delhi, Delhi, India |
| Blue Sky Money Changer Private Limited | ₹30.43 Lakh (FY 2025) | •••• | •••• | 36.0% | •••• | Tiruchirappalli, Tamil Nadu, India |
| Nafex Bureau Private Limited | ₹30.12 Lakh (FY 2024) | •••• | •••• | -48.0% | •••• | Bengaluru, Karnataka, India |
| Travel Club Forex Limited | ₹29.79 Lakh (FY 2024) | •••• | •••• | 15.0% | •••• | Hyderabad, Telangana, India |
| Atluri Travel Air Forex Private Limited | ₹29.51 Lakh (FY 2023) | •••• | •••• | 418.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Welcome Forex 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 Welcome Forex Private Limited
Welcome Forex Private Limited is audited by P T PONNAIAH & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| P T PONNAIAH & CO | 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.
Ownership and Shareholding of Welcome Forex 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 Welcome Forex Private Limited
Welcome Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Welcome Forex Private Limited
Welcome Forex Private Limited has 4 court cases on record: 2 filed by Welcome Forex, 2 filed against it. 1 case is pending and 3 are disposed. Status as checked between 29 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
| District courts | 2 | 2 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Criminal complaint | Filed against the company by HDFC Bank Limited | Disposed |
| District court, Chennai, Tamil Nadu | Criminal case | Filed against the company by an individual | Pending |
| Madras High Court | Interim or miscellaneous application | Filed by the company against Joint Commissioner of GST (Appeals-I ) | Disposed |
| Madras High Court | Writ petition | Filed by the company against Joint Commissioner of GST (Appeals-I ) | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Welcome Forex Private Limited
Employment history and EPFO contributions of people linked to Welcome Forex.
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 Welcome Forex Private Limited
Welcome Forex Private Limited has 7 board changes on record since 2016: 2 appointments and 5 cessations. The latest: Sankar Palani ceased to be Director on 09 Mar 2022.
Credit Ratings, Litigation & Regulatory Alerts for Welcome Forex 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 Welcome Forex 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 Welcome Forex 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 Welcome Forex Private Limited
Welcome Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCW4635P1ZY | Tamil Nadu | Active | 01 Jul 2017 |
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 Welcome Forex 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 Welcome Forex Private Limited
Welcome Forex is an active private limited company based in Chennai, Tamil Nadu, India. The company works in forex services, within the financial services industry. It was incorporated on 04 December 2013 (13+ years old) and is registered under CIN U67100TN2013PTC094047.
Welcome Forex reported revenue of ₹30.8 Lakh for FY 2024 (down 57% YoY).
Welcome Forex has 2 current directors:
- Saiyath Sheik Mohamed Ali - Director
- Sultan Kader - Director
Welcome Forex reported a net profit of ₹91,000 (net margin 3%) and EBITDA of ₹1.69 Lakh (EBITDA margin 5.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Welcome Forex is 216% over three years and 16% over five years. In the latest year (FY 2024) revenue fell 57%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Welcome Forex is 33AABCW4635P1ZY, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Welcome Forex is U67100TN2013PTC094047. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Welcome Forex has 4 court cases on record: 2 filed by the company and 2 filed against it. 1 is pending. Most are in the high courts.
Welcome Forex was incorporated on 04 December 2013, making it 13+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Welcome Forex by revenue are Midas Touch Forex & Travels Private Limited, Alhind Study Abroad Private Limited, Shayona Forex Private Limited, A.K.S.S. Forex Private Limited, CSK Forex Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Sankar Palani ceased to be Director on 09 Mar 2022. Sultan Kader was appointed as Director on 29 Jul 2019. Kaderali Famidha Banu ceased to be Additional Director on 01 Apr 2019. Welcome Forex has 7 board changes on record in total.