About Alpha Forex Private Limited
Data last updated:
Alpha Forex Private Limited is a private limited company based in Chandigarh, India. It operates in the forex services segment of the financial services sector. It was incorporated on 17 January 2005 and has been in existence for over 21 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U67190CH2005PTC035768. Its GSTIN is 04AAFCA0431M1Z1 (Chandigarh). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors including Rishabh Syal and Jaskirat Singh Dhillon.
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 SCO No 107 – 108 Ground Floor Sector 17 B, Chandigarh, India – 160017.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.62 Cr, a decline of 41% compared to the previous year. For the same year it recorded a net profit of ₹12.19 Lakh (net margin 7.5%) and EBITDA of ₹14.36 Lakh (EBITDA margin 8.9%). Revenue has grown at a compounded annual rate (CAGR) of 4% over three years and 2% over five years.
The company has about 13 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹20 Lakh on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website alphaforex.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressSCO No 107 – 108 Ground Floor Sector 17 B, Chandigarh, India – 160017
- 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 Alpha Forex Private Limited
The main business activity of Alpha 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 Alpha Forex Private Limited FY 2025 filings available
Alpha Forex Private Limited reported revenue of ₹1.62 Cr (down 41% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Alpha Forex Private Limited
Revenue fell 41% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA fell 61% 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 Alpha 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 | ₹14.36 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹12.19 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 Alpha Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 8.9% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.5% | •••• | •••• | •••• | •••• |
| 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 Alpha Forex are in the company report.
Financial statements from 2015
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 Alpha Forex Private Limited
Alpha Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bharuch Forex Private Limited | •••• | •••• | •••• | •••• | - | Bharuch, Gujarat, India |
| Nilkanth Forex Private Limited | •••• | •••• | •••• | •••• | - | Gandhinagar, Gujarat, India |
| Reeudo Forex Services Private Limited | •••• | •••• | •••• | •••• | - | Galleria Dlf-Iv, Haryana, India |
| Relcon Forex Private Limited | •••• | •••• | •••• | •••• | 15 | Vile Parle East, Maharashtra, India |
| A.P. Forex Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Alpha Forex Private Limited this company | •••• | •••• | •••• | •••• | - | Chandigarh, India |
| Invitation Forex Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| New India Biopharma Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Susheel Holidays and Forex Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Sargam Forex Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Mapkart Forex Private Limited | •••• | •••• | •••• | •••• | - | Vile Parle East, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Alpha Forex by revenue in the BFSI industry (Money Exchange Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Alpha Forex Private Limited
Alpha Forex Private Limited is audited by MANISH KAMLESH & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| MANISH KAMLESH & 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 Alpha Forex Private Limited
Alpha Forex has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rishabh Syal | Director | 01 Jul 2019 | 7 Years 3 Months | Current |
| Jaskirat Singh Dhillon Also directs: Gold Pine Hospitality LLP | Director | 17 Jan 2005 | 21 Years 8 Months | Current |
| Anil Syal | Director | 17 Jan 2005 | 21 Years 8 Months | Current |
Ownership and Shareholding of Alpha 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 Alpha Forex Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Feb 2013 | Others | ₹20 Lakh | Open |
Total charge records: 1 View all charges
Legal Cases of Alpha Forex Private Limited
Alpha Forex Private Limited has 4 court cases on record: 3 filed by Alpha Forex, 1 filed against it. All cases are disposed. Status as checked between 02 Oct 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 0 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chandigarh | Civil miscellaneous application | Filed by the company against an individual | Disposed |
| District court, Chandigarh | Appeal | Filed against the company by an individual | Disposed |
| District court, Chandigarh | Court case (CS CJ) | Filed by the company against an individual | Disposed |
| District court, Chandigarh | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
Full case history
All 4 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 Alpha Forex Private Limited
Alpha Forex Private Limited has a workforce of 13 employees as of Apr 09, 2024.
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.
CIN History of Alpha Forex Private Limited
Alpha Forex has one previous CIN (Corporate Identification Number): U67190PB2005PTC027858. The current CIN is U67190CH2005PTC035768, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67190CH2005PTC035768 | Current |
| U67190PB2005PTC027858 | Previous |
Recent Activity on Alpha Forex Private Limited
Alpha Forex Private Limited has 5 board changes on record since 2005: 3 appointments and 2 cessations. The latest: Rishabh Syal ceased to be Additional Director on 30 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Alpha 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 Alpha 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 Alpha 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 Alpha Forex Private Limited
Alpha Forex has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 04AAFCA0431M1Z1 | Chandigarh | Active | 01 Jul 2017 |
| 06AAFCA0431M1ZX | Haryana | Active | 23 Aug 2017 |
| 03AAFCA0431M1Z3 | Punjab | Active | 07 Sep 2017 |
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 Alpha 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 Alpha Forex Private Limited
Alpha Forex is an active private limited company based in Chandigarh, India. The company works in forex services, within the financial services industry. It was incorporated on 17 January 2005 (21+ years old) and is registered under CIN U67190CH2005PTC035768.
Alpha Forex reported revenue of ₹1.62 Cr for FY 2025 (down 41% YoY).
Alpha Forex has 3 current directors:
- Rishabh Syal - Director
- Jaskirat Singh Dhillon - Director
- Anil Syal - Director
Alpha Forex reported a net profit of ₹12.19 Lakh (net margin 7.5%) and EBITDA of ₹14.36 Lakh (EBITDA margin 8.9%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Alpha Forex is 4% over three years and 2% over five years. In the latest year (FY 2025) revenue fell 41%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Alpha Forex is 04AAFCA0431M1Z1, registered in Chandigarh. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 06AAFCA0431M1ZX (Haryana), 03AAFCA0431M1Z3 (Punjab).
The CIN (Corporate Identification Number) of Alpha Forex is U67190CH2005PTC035768. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Alpha Forex has 4 court cases on record: 3 filed by the company and 1 filed against it.
Alpha Forex was incorporated on 17 January 2005, making it 21+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Alpha Forex by revenue are Bharuch Forex Private Limited, Nilkanth Forex Private Limited, Reeudo Forex Services Private Limited, Relcon Forex Private Limited, A.P. Forex Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Rishabh Syal ceased to be Additional Director on 30 Sep 2019. Rishabh Syal was appointed as Director on 01 Jul 2019. Sunita Syal ceased to be Director on 01 Oct 2009. Alpha Forex has 5 board changes on record in total.