MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-RJ-17-0193008
Afex Express India Private Limited - transport and logistics in Jaipur, Rajasthan, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹66.66 Lakh
▼ 21% YoY
Net loss · FY 2024
₹4.16 Lakh
Net margin -6.2%
EBITDA · FY 2024
₹7.11 Lakh
EBITDA margin 10.7%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Open charges
₹11.57 Lakh
Secured borrowings
Company age
12 yrs
Est. 2014
Directors on board
3
As per MCA filings
About Afex Express India Private Limited
Data last updated:
Afex Express India Private Limited is a private limited company based in Jaipur, Rajasthan, India. It operates in the express logistics segment of the transport and logistics sector. It was incorporated on 31 May 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U64100RJ2014PTC045669. Its GSTIN is 08AAMCA6800D1ZW (Rajasthan).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors including Poonam Panecha and Bharat Lal Panecha.
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 Shop No. 75 Ground Floor Ganapati Plaza M.I Road, Jaipur, Rajasthan, India – 302001.
As per the financials filed for FY 2024, the company reported a revenue of ₹66.66 Lakh, a decline of 21% compared to the previous year. For the same year it recorded a net loss of ₹4.16 Lakh (net margin -6.2%) and EBITDA of ₹7.11 Lakh (EBITDA margin 10.7%). Revenue has grown at a compounded annual rate (CAGR) of 10% over three years and 7% over five years.
The company is associated with 1 brand: Afex Express. As per MCA filings, the company has open charges of ₹11.57 Lakh on record.
Afex Express India Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-RJ-17-0193008). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website afexexpress.com.
Company Details of Afex Express India Private Limited
CIN U64100RJ2014PTC045669
Registration Number 045669
Incorporation Date 31 May 2014
ROC Jaipur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-RJ-17-0193008
Recognitions & Rankings of Afex Express India
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressShop No. 75 Ground Floor Ganapati Plaza M.I Road, Jaipur, Rajasthan, India – 302001
- IndustryTransport and Logistics, Express Logistics
Comprehensive company report
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Associated Brands with Afex Express India Private Limited
Afex Express India operates one associated brand: Afex Express. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Courier and logistics services operating in India and internationally. | afexexpress.com |
Business Activity of Afex Express India Private Limited
The main business activity of Afex Express India is support service to organizations. In detail, this covers other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Afex Express India Private Limited FY 2025 filings available
Afex Express India Private Limited reported revenue of ₹66.66 Lakh (down 21% YoY) for FY 2024.
Revenue · FY 2024
₹66.66 Lakh ▼ 21%
Net loss · FY 2024
₹4.16 Lakh margin -6.2%
EBITDA · FY 2024
₹7.11 Lakh margin 10.7%
Compounded Annual Growth Rate (CAGR) of Afex Express India Private Limited
Revenue CAGR growth
1 year
▼ 21%
3 years · compounded
▲ 10%
5 years · compounded
▲ 7%
EBITDA CAGR growth
1 year
▲ 191%
3 years · compounded
▲ 40%
5 years · compounded
▲ 11%
Revenue fell 21% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 7%. EBITDA rose 191% 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 Afex Express India 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 | ₹7.11 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹4.16 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 of Afex Express India Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 10.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -6.2% | •••• | •••• | •••• | •••• |
| 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 Afex Express India are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
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Verified entity values are shown only after access is granted.
Board of Directors of Afex Express India Private Limited
Afex Express India has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Poonam Panecha | Director | 25 Feb 2020 | 6 Years 7 Months | Current |
| Bharat Lal Panecha | Director | 31 May 2014 | 12 Years 4 Months | Current |
| Ashok Kumar Panecha | Director | 31 May 2014 | 12 Years 4 Months | Current |
Peer Comparison of Afex Express India Private Limited
Afex Express India Private Limited is compared with the companies closest to it by revenue in the Transport and Logistics industry (Express Logistics). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| D2ex Private Limited | ₹68.08 Lakh (FY 2025) | •••• | •••• | -34.0% | •••• | Guwahati, Assam, India |
| Tranzking Parcel Service Private Limited | ₹68.06 Lakh (FY 2021) | •••• | •••• | 40.0% | •••• | Chennai, Tamil Nadu, India |
| Oran Shipping Services India Private Limited | ₹67.95 Lakh (FY 2024) | •••• | •••• | -61.0% | •••• | Kochi, Kerala, India |
| Seasonboy Delivery Solutions Private Limited | ₹66.81 Lakh (FY 2019) | •••• | •••• | 97.0% | •••• | Hyderabad, Telangana, India |
| Time Express(India)Private Limited | ₹66.76 Lakh (FY 2024) | •••• | •••• | -29.0% | •••• | Bangalore, Karnataka, India |
| Afex Express India Private Limited this company | ₹66.66 Lakh (FY 2024) | •••• | •••• | -21.0% | •••• | Jaipur, Rajasthan, India |
| Uniworld Express Private Limited | ₹66.53 Lakh (FY 2024) | •••• | •••• | -17.0% | •••• | Mumbai, Maharashtra, India |
| Aromale Mart (OPC) Private Limited | ₹64.79 Lakh (FY 2022) | •••• | •••• | •••• | Thane, Maharashtra, India | |
| Alliance Express Logistics Private Limited | ₹63.29 Lakh (FY 2023) | •••• | •••• | •••• | Ernakulam, Kerala, India | |
| Easy Mobility Services Private Limited | ₹62.9 Lakh (FY 2023) | •••• | •••• | •••• | Greater Noida, Uttar Pradesh, India | |
| Indrapuri Logistics Private Limited | ₹62.2 Lakh (FY 2025) | •••• | •••• | -10.0% | •••• | Palghar, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Afex Express India by revenue in the Transport and Logistics industry (Express Logistics), 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 Afex Express India Private Limited
Afex Express India Private Limited is audited by ANURAG KUMAR & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ANURAG KUMAR & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Afex Express India Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Verified entity values are shown only after access is granted.
Charges & Borrowings of Afex Express India Private Limited
Open charges
₹11.57 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Sep 2022 | Others | ₹4.5 Lakh | Open |
| 19 Jul 2022 | Others | ₹2.58 Lakh | Open |
| 21 Feb 2022 | Others | ₹4.49 Lakh | Open |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Afex Express India Private Limited
Employment history and EPFO contributions of people linked to Afex Express India.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Afex Express India Private Limited
Afex Express India Private Limited has 4 board changes on record since 2014: 3 appointments and 1 cessation. The latest: Poonam Panecha ceased to be Additional Director on 29 Sep 2020.
AGM
Afex Express India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Afex Express India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Jaipur.
Charges
A charge with Others amounted to Rs. 4.50 Lakh with Charge ID 100641998 was registered on 25 Sep 2022.
Charges
A charge with Others amounted to Rs. 2.58 Lakh with Charge ID 100622908 was registered on 19 Jul 2022.
Charges
A charge with Others amounted to Rs. 4.49 Lakh with Charge ID 100548217 was registered on 21 Feb 2022.
Ceased
Poonam Panecha ceased to be Additional Director.
Appointed
Poonam Panecha was appointed as Director.
Appointed
Ashok Kumar Panecha was appointed as Director.
Appointed
Bharat Lal Panecha was appointed as Director.
Incorporation
31 May 2014
Afex Express India Private Limited was registered on 31 May 2014 with Roc Jaipur & aged 12 years 4 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Afex Express India Private Limited
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MSME Payment Delays by Afex Express India Private Limited
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Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Afex Express India Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Afex Express India Private Limited
Afex Express India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAMCA6800D1ZW | Rajasthan | Active | 01 Jul 2017 |
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MCA Filings & Documents of Afex Express India Private Limited
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Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Afex Express India Private Limited
Afex Express India is an active private limited company based in Jaipur, Rajasthan, India. The company works in express logistics, within the transport and logistics industry. It was incorporated on 31 May 2014 (12+ years old) and is registered under CIN U64100RJ2014PTC045669.
Afex Express India reported revenue of ₹66.66 Lakh for FY 2024 (down 21% YoY).
Afex Express India has 3 current directors:
- Poonam Panecha - Director
- Bharat Lal Panecha - Director
- Ashok Kumar Panecha - Director
Afex Express India reported a net loss of ₹4.16 Lakh (net margin -6.2%) and EBITDA of ₹7.11 Lakh (EBITDA margin 10.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Afex Express India is 10% over three years and 7% over five years. In the latest year (FY 2024) revenue fell 21%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Afex Express India is 08AAMCA6800D1ZW, registered in Rajasthan.
The CIN (Corporate Identification Number) of Afex Express India is U64100RJ2014PTC045669. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Afex Express India was incorporated on 31 May 2014, making it 12+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Afex Express India by revenue are D2ex Private Limited, Tranzking Parcel Service Private Limited, Oran Shipping Services India Private Limited, Seasonboy Delivery Solutions Private Limited, Time Express(India)Private Limited and 5 more, all in the Transport and Logistics industry (Express Logistics).
Poonam Panecha ceased to be Additional Director on 29 Sep 2020. Poonam Panecha was appointed as Director on 25 Feb 2020. Ashok Kumar Panecha was appointed as Director on 31 May 2014. Afex Express India has 4 board changes on record in total.
Yes, Afex Express India is registered as a micro enterprise under Udyam registration (number: UDYAM-RJ-17-0193008).