Amaron Forex Private Limited
About Amaron Forex Private Limited
Data last updated:
Amaron Forex Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the forex services segment of the financial services sector. It was incorporated on 24 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ2013PTC076160. Its GSTIN is 24AATCS4245B1ZE (Gujarat).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It was formerly known as Sudama Forex Private Limited. It is led by directors Dharmeshkumar Rajendrakumar Upadhyay and Labhuben Hasmukhbhai Baldaniya.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹66.54 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net profit of ₹2.61 Lakh (net margin 3.9%) and EBITDA of ₹3.77 Lakh (EBITDA margin 5.7%). Revenue has declined at a compounded annual rate (CAGR) of 64% over three years and 6% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Amaron Forex Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressUpper Level 4 Empair Tower Nr. Panchvati Petrol Pump C.G. Road El, Lis Bridge, Ahmedabad, Gujarat, India – 380006
- IndustryFinancial Services, Forex Services
To see the full contact details of Amaron Forex 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 Amaron Forex 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 Amaron Forex Private Limited, buy the company report.
Financials of Amaron Forex Private Limited
FY 2025 filings availableAmaron Forex Private Limited reported revenue of ₹66.54 Lakh (down 99% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 99% fall in the latest year. EBITDA fell 57% 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 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 | ₹3.77 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹2.61 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.7% | ||||
| Net Profit Margin | 3.9% | ||||
| 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 Amaron Forex Private Limited, buy the company report.
Board of directors of Amaron Forex Private Limited
Amaron Forex has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dharmeshkumar Rajendrakumar Upadhyay | Director | 01 Sep 2016 | 10 Years 1 Months | Current |
| Labhuben Hasmukhbhai Baldaniya | Director | 11 Aug 2016 | 10 Years 2 Months | Current |
Peer comparison
Amaron Forex Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (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 |
|---|---|---|---|---|---|---|
| RSBP Forex and Tours Private Limited | ₹68.55 Lakh (FY 2025) | 73.0% | Siliguri, West Bengal, India | |||
| Spna Forex Solutions Private Limited | ₹68.4 Lakh (FY 2025) | -9.0% | Chennai, Tamil Nadu, India | |||
| Kuntilaa Forex Private Limited | ₹68.26 Lakh (FY 2022) | -52.0% | Mumbai, Maharashtra, India | |||
| Mannu Forex Private Limited | ₹67.75 Lakh (FY 2024) | -7.0% | Delhi, India | |||
| Amaron Forex Private Limitedthis company | ₹66.54 Lakh (FY 2025) | ₹2.61 Lakh | 3.9% | -99.0% | Ahmedabad, Gujarat, India | |
| M K Forex Private Limited | ₹63.14 Lakh (FY 2025) | -55.0% | New Delhi, Delhi, India | |||
| Ansh International Private Limited | ₹62.95 Lakh (FY 2025) | -51.0% | New Delhi, Delhi, India | |||
| Jyotsna Tour & Travels Foreign Money Changer Private Limited | ₹62.93 Lakh (FY 2025) | 2.0% | Hili, West Bengal, India |
To see the full peer comparison of Amaron Forex Private Limited, buy the company report.
Auditor
Amaron Forex Private Limited is audited by BHADRESH P. SONI & CO. for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BHADRESH P. SONI & CO. | FY 2017 |
Shareholding
The shareholding of Amaron Forex Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Amaron Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Amaron Forex 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 Amaron Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Amaron Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AATCS4245B1ZE | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Amaron Forex Private Limited, buy the company report.
Recent activity
Amaron Forex Private Limited has 7 board changes on record since 2016: 2 appointments and 5 cessations. The latest: Dharmeshkumar Rajendrakumar Upadhyay ceased to be Additional Director on 29 Sep 2017.
Frequently asked questions
Amaron Forex is an active private limited company based in Ahmedabad, Gujarat, India. The company works in forex services, within the financial services industry. It was incorporated on 24 July 2013 (13+ years old) and is registered under CIN U67120GJ2013PTC076160.
Amaron Forex has 2 current directors:
- Dharmeshkumar Rajendrakumar Upadhyay - Director
- Labhuben Hasmukhbhai Baldaniya - Director
The latest financial statements of Amaron Forex 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 2015 are in the company report.
The GSTIN of Amaron Forex is 24AATCS4245B1ZE, registered in Gujarat.
The CIN (Corporate Identification Number) of Amaron Forex is U67120GJ2013PTC076160. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Amaron Forex was incorporated on 24 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Amaron Forex by revenue are RSBP Forex and Tours Private Limited, Spna Forex Solutions Private Limited, Kuntilaa Forex Private Limited, Mannu Forex Private Limited, M K Forex Private Limited and 2 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Dharmeshkumar Rajendrakumar Upadhyay ceased to be Additional Director on 29 Sep 2017. Labhuben Hasmukhbhai Baldaniya ceased to be Additional Director on 29 Sep 2017. Jay Dilipkumar Chandarana ceased to be Director on 16 Feb 2017. Amaron Forex has 7 board changes on record in total.
The registered office of Amaron Forex is at Upper Level 4 Empair Tower Nr. Panchvati Petrol Pump C.G. Road El, Lis Bridge, Ahmedabad, Gujarat, India – 380006.
Amaron Forex operates in the financial services industry, in the forex services segment.
The compliance status of Amaron Forex is compliant as of 23 August 2026. The company is actively filing with the Registrar of Companies.