Akr Forex Services Private Limited
About Akr Forex Services Private Limited
Data last updated:
Akr Forex Services Private Limited is a private limited company based in Coimbatore, Tamil Nadu, India. It operates in the forex services segment of the financial services sector. It was incorporated on 26 September 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Coimbatore, under CIN U74994TZ2018PTC031012. Its GSTIN is 33AARCA3493P1ZY (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 Karthikeyan Devaraj (Managing Director) and Kanagaraj Natarajan.
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 1639/3 Hope College Sri Nagar Hope College Peelamedu, Coimbatore, Tamil Nadu, India – 641004.
As per the financials filed for FY 2024, the company reported a revenue of ₹12.48 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹52,580 (net margin 0%) and EBITDA of ₹1.46 Lakh (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 410% over three years.
Company details
Contact details
Akr Forex Services Private Limited's registered office is in Coimbatore, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address1639/3 Hope College Sri Nagar Hope College Peelamedu, Coimbatore, Tamil Nadu, India – 641004
- IndustryFinancial Services, Forex Services
To see the full contact details of Akr Forex Services Private Limited, buy the company report.
- 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
Business activity
The main business activity of Akr Forex Services is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Akr Forex Services Private Limited, buy the company report.
Financials of Akr Forex Services Private Limited
FY 2025 filings availableAkr Forex Services Private Limited reported revenue of ₹12.48 Cr (up 283% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 410% over three years, including 283% growth in the latest year. EBITDA rose 114% 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
| 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 | ₹1.46 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹52,580 | ||||
| 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
| 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 | |||||
To see the full financial statements and ratios of Akr Forex Services Private Limited, buy the company report.
Board of directors of Akr Forex Services Private Limited
Akr Forex Services has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Karthikeyan Devaraj | Managing Director | 26 Sep 2018 | 8 Years 0 Months | Current |
| Kanagaraj Natarajan | Director | 26 Sep 2018 | 8 Years 0 Months | Current |
Peer comparison
Akr Forex Services Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Forex Services, Money Exchange Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Boutique Forex Private Limited | ₹12.72 Cr (FY 2025) | -26.0% | Coimbatore, Tamil Nadu, India | |||
| Jaiswal Forex Private Limited | ₹12.63 Cr (FY 2025) | 34.0% | Lucknow, Uttar Pradesh, India | |||
| Ansh Forex Private Limited | ₹12.55 Cr (FY 2025) | -41.0% | Jaipur, Rajasthan, India | |||
| Akr Forex Services Private Limitedthis company | ₹12.48 Cr (FY 2024) | ₹52,580 | 0% | 283.0% | Coimbatore, Tamil Nadu, India | |
| Anand Currency Convertibles Private Limited | ₹12.42 Cr (FY 2025) | -6.0% | Pune, Maharashtra, India | |||
| Kolkata Forex Private Limited | ₹12.32 Cr (FY 2025) | -50.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Akr Forex Services Private Limited, buy the company report.
Shareholding
The shareholding of Akr Forex Services Private Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2019 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Akr Forex Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Akr Forex Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Akr Forex Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Akr Forex Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AARCA3493P1ZY | Tamil Nadu | Active | 29 Oct 2018 |
To see the full GST registrations and return filing status of Akr Forex Services Private Limited, buy the company report.
Recent activity
Akr Forex Services Private Limited has 3 board changes on record since 2018: 2 appointments and 1 cessation. The latest: Karthikeyan Devaraj ceased to be Director on 12 Dec 2018.
Frequently asked questions
Akr Forex Services is an active private limited company based in Coimbatore, Tamil Nadu, India. The company works in forex services, within the financial services industry. It was incorporated on 26 September 2018 (8+ years old) and is registered under CIN U74994TZ2018PTC031012.
Akr Forex Services has 2 current directors:
- Karthikeyan Devaraj - Managing Director
- Kanagaraj Natarajan - Director
The latest financial statements of Akr Forex Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Akr Forex Services is 33AARCA3493P1ZY, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Akr Forex Services is U74994TZ2018PTC031012. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Akr Forex Services was incorporated on 26 September 2018, making it 8+ years old. It is registered with the Registrar of Companies, Coimbatore.
The peers of Akr Forex Services by revenue are Boutique Forex Private Limited, Jaiswal Forex Private Limited, Ansh Forex Private Limited, Anand Currency Convertibles Private Limited, Kolkata Forex Private Limited, all in the BFSI industry (Forex Services, Money Exchange Services), with the same principal business activity (other financial activities).
Karthikeyan Devaraj ceased to be Director on 12 Dec 2018. Kanagaraj Natarajan was appointed as Director on 26 Sep 2018. Karthikeyan Devaraj was appointed as Managing Director on 26 Sep 2018.
The registered office of Akr Forex Services is at 16393 Hope College Sri Nagar Hope College Peelamedu, Coimbatore, Tamil Nadu, India – 641004.
Akr Forex Services operates in the financial services industry, in the forex services segment.
Akr Forex Services can be reached at its registered office: 16393 Hope College Sri Nagar Hope College Peelamedu, Coimbatore, Tamil Nadu, India – 641004.