Akar Forex Private Limited - Company Profile

It is a financial services private limited company based in Mumbai, Maharashtra, India, established in 2019.
2019 Mumbai, Maharashtra, India Active
Last Updated:
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About Akar Forex Private Limited

Akar Forex Private Limited, a active private limited company, was established on 19 March 2019 in Mumbai, Maharashtra, India. Engaging in forex services within the financial and insurance service sector, it holds CIN: U65999MH2019PTC322795. Registered under ROC Roc Mumbai. it is unlisted. It has an authorized capital of ₹2.50 M and a paid-up capital of ₹2.50 M.

Its leadership includes Zaid Iqbal Kazi (Director), Safi Siraj Sayyad (Director). Past directors included Aslam Mohd, Abdullah Abdul Razak Surti, Ismail Haroon Ghojariya. Its latest AGM occurred on 30 September 2025, with the balance sheet filed on 31 March 2025. It is based at Office No.3, Ground Floor, Kishor Kunj Chs, Opp Simran Building, End Of Tejpal Scheme Road No.4, Andheri East,, Mumbai, Maharashtra, 400057.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U65999MH2019PTC322795

  • Registration Number

    322795

  • Incorporation Date

    19 March 2019

  • Authorized Capital

    ₹2.50 M

  • Paid-Up Capital

    ₹2.50 M

  • ROC Code

    Roc Mumbai

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 2.50 M
  • Company Age 7 Year,
  • Last Filing with ROC 31 Mar 2025
  • Revenue Growth **** %
  • Ebitda ****
  • Net Worth -0.76%
  • Total Assets -0.12%
Company report

Akar Forex Private Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Akar Forex Private Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Akar Forex Private Limited?
Current Directors
Name Designation Appointment Date Status
Zaid Iqbal Kazi Director 11 Dec 2023 Current
Safi Siraj Sayyad Director 11 Sep 2024 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Director 30 Sep 2022 Past
Pramod Abcsdd Director 30 Sep 2022 Past
Pramod Abcsdd Director 11 Sep 2024 Past
Pramod Abcsdd Director Appointed In Casual Vacancy 12 Dec 2023 Past
Pramod Abcsdd Director Appointed In Casual Vacancy 12 Dec 2023 Past

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Financial Performance of Akar Forex.

Akar Forex Private Limited, for the financial year ended 2022, experienced no change in revenue, with a 0% increase. The company also saw a no change in profitability, with a 0% increase in profit. The company's net worth dipped by a decrease of 0.76%.

Akar Forex revenue growth over time
Akar Forex profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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*******
*******
*******
*******
*******
Revenue from Operations
*******
*******
*******
*******
*******
*******
Total Assets
*******
 -0.12%
*******
*******
*******
*******
Profit or Loss
*******
*******
*******
*******
*******
*******
Net Worth
*******
 -0.76%
*******
*******
*******
*******
EBITDA
*******
*******
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Akar Forex?

In 2020, Akar Forex had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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How Many Employees Work at Akar Forex?

Unlock and access historical data on people associated with Akar Forex, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Akar Forex, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Akar Forex's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Akar Forex
Recent Activity within the Organization
  • Annual General Meeting

    The activity Akar Forex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records. was completed.

  • Balance Sheet

    The activity Akar Forex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai. was completed.

  • Director Appointment

    The activity Safi Siraj Sayyad was appointed as a Director was appointed as a Director on 11 Sep 2024 & has been associated with this company since 1 year 6 months . was completed.

  • Director Appointment

    Progress on Zaid Iqbal Kazi was appointed as a Director was appointed as a Director on 11 Dec 2023 & has been associated with this company since 2 years 3 months . was documented.

  • Company Incorporation

    Progress on Akar Forex Private Limited was registered on 19 Mar 2019 with Roc Mumbai & aged 7 years as per MCA records. was documented.

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Frequently Asked Questions
What is the CIN of Akar Forex Private Limited?

The CIN of Akar Forex Private Limited is U65999MH2019PTC322795.

Where is Akar Forex Private Limited headquartered?

Akar Forex Private Limited is headquartered at Office No.3, Ground Floor, Kishor Kunj Chs, Opp Simran Building, End Of Tejpal Scheme Road No.4, Andheri East,, Mumbai, Maharashtra, 400057.

When was Akar Forex Private Limited incorporated?

Akar Forex Private Limited was incorporated on 19 March 2019.

Who are the current directors of Akar Forex Private Limited?

The current directors of Akar Forex Private Limited are

What is the primary industry of Akar Forex Private Limited?

The primary industry of Akar Forex Private Limited is Financial And Insurance Service.

Is Akar Forex Private Limited a listed company?

Akar Forex Private Limited is unlisted.

What is the capital structure of Akar Forex Private Limited?

The authorized capital of Akar Forex Private Limited is ₹2.50 M, and the paid-up capital is ₹2.50 M.

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