Aahan Forex Private Limited
About Aahan Forex Private Limited
Data last updated:
Aahan Forex Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the financial auxiliary services segment of the financial services sector. It was incorporated on 24 February 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67110MH2018PTC305559. Its GSTIN is 27AAGCD5595C1ZJ (Maharashtra).
The company has an authorised share capital of ₹27 Lakh and a paid-up capital of ₹27 Lakh. It was formerly known as Divit Forex Private Limited and Lotus Forex Private Limited. It is led by directors Muzammil Shaukat Shaikh and Abdul Rashid Khan.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.99 Cr, a growth of 19% compared to the previous year. For the same year it recorded a net profit of ₹2,640 (net margin 0%) and EBITDA of ₹14,809 (EBITDA margin 0.1%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years.
Court records list 3 cases involving the company, including 2 filed by the company and 1 filed against it; 2 cases are pending.
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- Registered Address4 46A Modern Mills Chawl Jagannathrao, Bhatankar Marg Parel St Depot, Mumbai, Maharashtra, India – 400025
- IndustryFinancial Services, Auxiliary To Financial Intermediatory, Financial Market Administration
- 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 Aahan Forex Private Limited
The main business activity of Aahan 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 Aahan Forex Private Limited FY 2024 filings available
Aahan Forex Private Limited reported revenue of ₹1.99 Cr (up 19% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Aahan Forex Private Limited
Revenue rose 19% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA fell 45% 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 Aahan 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 | ₹14,809 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2,640 | •••• | •••• | •••• | •••• |
| 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 Aahan Forex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.1% | •••• | •••• | •••• | •••• |
| 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 Aahan Forex are in the company report.
Financial statements from FY 2018
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 Aahan Forex Private Limited
Aahan 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 |
|---|---|---|---|---|---|---|
| J.S.B Forex Private Limited | ₹2.07 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Siliguri, West Bengal, India |
| Impact Tours India Private Limited | ₹2.04 Cr (FY 2024) | •••• | •••• | 40.0% | •••• | New Delhi, Delhi, India |
| Pradip Forex Private Limited | ₹2.03 Cr (FY 2025) | •••• | •••• | -62.0% | •••• | Navsari, Gujarat, India |
| At Ultimate Forex Private Limited | ₹2.02 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Thane, Maharashtra, India |
| Exubiz Forex Private Limited | ₹2.01 Cr (FY 2025) | •••• | •••• | -99.0% | •••• | New Delhi, Delhi, India |
| Aahan Forex Private Limited this company | ₹1.99 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | Mumbai, Maharashtra, India |
| Kirat Forex Private Limited | ₹1.98 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Baruipara, West Bengal, India |
| N G Forex Private Limited | ₹1.98 Cr (FY 2025) | •••• | •••• | -54.0% | •••• | New Delhi, Delhi, India |
| Asm Forex Private Limited | ₹1.97 Cr (FY 2025) | •••• | •••• | -91.0% | •••• | Chandigarh, India |
| Prime Forex Private Limited | ₹1.95 Cr (FY 2024) | •••• | •••• | 36.0% | •••• | Chennai, Tamil Nadu, India |
| Jaya Foreign Exchange Bureau Private Limited | ₹1.95 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Aahan 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.
Board of Directors of Aahan Forex Private Limited
Aahan Forex has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muzammil Shaukat Shaikh Also directs: Dey Forex Private Limited | Director | 15 Apr 2025 | 1 Years 5 Months | Current |
| Abdul Rashid Khan Also directs: Dey Forex Private Limited | Director | 15 Apr 2025 | 1 Years 5 Months | Current |
Ownership and Shareholding of Aahan 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 Aahan Forex Private Limited
Aahan Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Aahan Forex Private Limited
Aahan Forex Private Limited has 3 court cases on record: 2 filed by Aahan Forex, 1 filed against it. 2 cases are pending and 1 is disposed. Status as checked between 29 Sep 2026 and 02 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 1 | 2 |
Cases on record (3 of 3)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Criminal miscellaneous application | Filed by the company against M/S.Green Channel Holidays ( India ) Pvt.Ltd | Pending |
| District court, Ernakulam, Kerala | Appeal | Filed against the company by M/S.Green Channel Holidays ( India ) Pvt.Ltd | Pending |
| District court, Ernakulam, Kerala | Criminal complaint | Filed by the company against Green Channel Holidays(India) Pvt .Ltd | Disposed |
Full case history
All 3 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 Aahan Forex Private Limited
Employment history and EPFO contributions of people linked to Aahan 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.
Name History of Aahan Forex Private Limited
Aahan Forex has undergone 2 name changes throughout its history. The company was previously known as Divit Forex Private Limited, and Lotus Forex Private Limited. The current legal name is Aahan Forex Private Limited.
| Company Name | Status |
|---|---|
| Aahan Forex Private Limited | Current |
| Divit Forex Private Limited | Previous |
| Lotus Forex Private Limited | Previous |
Recent Activity on Aahan Forex Private Limited
Aahan Forex Private Limited has 10 board changes on record since 2018: 4 appointments and 6 cessations. The latest: Chetan Dipak Redkar ceased to be Additional Director on 16 Apr 2025.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Aahan 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 Aahan 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 Aahan 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 Aahan Forex Private Limited
Aahan Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCD5595C1ZJ | Maharashtra | Active | 15 Mar 2019 |
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 Aahan 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 Aahan Forex Private Limited
Aahan Forex is an active private limited company based in Mumbai, Maharashtra, India. The company works in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 24 February 2018 (8+ years old) and is registered under CIN U67110MH2018PTC305559.
Aahan Forex reported revenue of ₹1.99 Cr for FY 2024 (up 19% YoY).
Aahan Forex has 2 current directors:
- Muzammil Shaukat Shaikh - Director
- Abdul Rashid Khan - Director
Aahan Forex reported a net profit of ₹2,640 (net margin 0%) and EBITDA of ₹14,809 (EBITDA margin 0.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Aahan Forex is -1% over three years. In the latest year (FY 2024) revenue rose 19%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Aahan Forex is 27AAGCD5595C1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Aahan Forex is U67110MH2018PTC305559. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aahan Forex has 3 court cases on record: 2 filed by the company and 1 filed against it. 2 are pending.
Aahan Forex was incorporated on 24 February 2018, making it 8+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Aahan Forex by revenue are J.S.B Forex Private Limited, Impact Tours India Private Limited, Pradip Forex Private Limited, At Ultimate Forex Private Limited, Exubiz Forex Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Chetan Dipak Redkar ceased to be Additional Director on 16 Apr 2025. Nikita Narayan Shetty ceased to be Additional Director on 16 Apr 2025. Abdul Rashid Khan was appointed as Director on 15 Apr 2025. Aahan Forex has 10 board changes on record in total.