Aarav Forex Private Limited
About Aarav Forex Private Limited
Data last updated:
Aarav Forex Private Limited is a private limited company based in Phagwara, Punjab, India. It operates in the forex services segment of the financial services sector. It was incorporated on 28 May 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U67120PB2015PTC039498. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Munish Bhandari and Tarun Bhandari.
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 Heer Palace Market Sarai Road, Phagwara, Punjab, India – 144401.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.15 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹60,933 (net margin 0%) and EBITDA of ₹84,267 (EBITDA margin 0%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressHeer Palace Market Sarai Road, Phagwara, Punjab, India – 144401
- 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 Aarav Forex Private Limited
The main business activity of Aarav Forex is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | 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 Aarav Forex Private Limited FY 2025 filings available
Aarav Forex Private Limited reported revenue of ₹18.15 Cr (up 155% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Aarav Forex Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 11% over three years, including 155% growth in the latest year. EBITDA rose 11% 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 Aarav Forex Private Limited
| 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 | ₹84,267 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹60,933 | •••• | •••• | •••• | •••• |
| 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 Aarav Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 Aarav Forex are in the company report.
Financial statements from FY 2016
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 Aarav Forex Private Limited
Aarav 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 |
|---|---|---|---|---|---|---|
| India SME Investments Limited Liability Partnership | ₹18.35 Cr (FY 2024) | •••• | •••• | 253.0% | •••• | Mumbai, Maharashtra, India |
| Repose Forex and Travels Private Limited | ₹18.34 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Kolkata, West Bengal, India |
| K.L. Forex Private Limited | ₹18.3 Cr (FY 2025) | •••• | •••• | -30.0% | •••• | Ludhiana, Punjab, India |
| Dhruvanth Forex Services Private Limited | ₹18.26 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Hyderabad, Telangana, India |
| FRR Shares and Securities Limited | ₹18.22 Cr (FY 2025) | •••• | •••• | 20.0% | •••• | Mumbai, Maharashtra, India |
| Aarav Forex Private Limited this company | ₹18.15 Cr (FY 2025) | •••• | •••• | 155.0% | •••• | Phagwara, Punjab, India |
| Rupam Tours & Forex Private Limited | ₹18.12 Cr (FY 2025) | •••• | •••• | -34.0% | •••• | Kolkata, West Bengal, India |
| Currency Mantra Private Limited | ₹18.08 Cr (FY 2024) | •••• | •••• | 46.0% | •••• | Mumbai, Maharashtra, India |
| KR Money Exchange Private Limited | ₹18.08 Cr (FY 2024) | •••• | •••• | 104.0% | •••• | Delhi, India |
| Ammar Travel & Forex Private Limited | ₹18.04 Cr (FY 2025) | •••• | •••• | -58.0% | •••• | Kolkata, West Bengal, India |
| Risit Forex & Travels Private Limited | ₹18.02 Cr (FY 2025) | •••• | •••• | -44.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Aarav 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 Aarav Forex Private Limited
Aarav Forex Private Limited is audited by GAURAV AGGARWAL & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| GAURAV AGGARWAL & 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 Aarav Forex Private Limited
Aarav Forex has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Munish Bhandari | Director | 20 Dec 2024 | 1 Years 9 Months | Current |
| Tarun Bhandari | Director | 28 May 2015 | 11 Years 4 Months | Current |
Ownership and Shareholding of Aarav 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 Aarav Forex Private Limited
Aarav Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Aarav Forex Private Limited
Employment history and EPFO contributions of people linked to Aarav 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 Aarav Forex Private Limited
Aarav Forex Private Limited has 5 board changes on record since 2015: 3 appointments and 2 cessations. The latest: Munish Bhandari was appointed as Director on 20 Dec 2024.
Credit Ratings, Litigation & Regulatory Alerts for Aarav 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 Aarav 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 Aarav 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 Aarav Forex Private Limited
Aarav Forex 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 Aarav 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 Aarav Forex Private Limited
Aarav Forex is an active private limited company based in Phagwara, Punjab, India. The company works in forex services, within the financial services industry. It was incorporated on 28 May 2015 (11+ years old) and is registered under CIN U67120PB2015PTC039498.
Aarav Forex reported revenue of ₹18.15 Cr for FY 2025 (up 155% YoY).
Aarav Forex has 2 current directors:
- Munish Bhandari - Director
- Tarun Bhandari - Director
Aarav Forex reported a net profit of ₹60,933 (net margin 0%) and EBITDA of ₹84,267 (EBITDA margin 0%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Aarav Forex is 11% over three years. In the latest year (FY 2025) revenue rose 155%. CAGR is the steady yearly rate that links the first and the last year.
No. Aarav Forex has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Aarav Forex is U67120PB2015PTC039498. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Aarav Forex was incorporated on 28 May 2015, making it 11+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Aarav Forex by revenue are India SME Investments Limited Liability Partnership, Repose Forex and Travels Private Limited, K.L. Forex Private Limited, Dhruvanth Forex Services Private Limited, FRR Shares and Securities Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Munish Bhandari was appointed as Director on 20 Dec 2024. Savita ceased to be Additional Director on 30 Dec 2020. Munish Bhandari ceased to be Managing Director on 28 Oct 2020. Aarav Forex has 5 board changes on record in total.
The registered office of Aarav Forex is at Heer Palace Market Sarai Road, Phagwara, Punjab, India – 144401.