Ambika Forex Private Limited
About Ambika Forex Private Limited
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Ambika 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 29 March 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67190GJ2012PTC069649. Its GSTIN is 24AAKCA4223C1Z9 (Gujarat).
The company has an authorised share capital of ₹27 Lakh and a paid-up capital of ₹26 Lakh. It is led by directors including Hareshchand Narshingdas Maheshwari and Sunil Hareshbhai Maheshwari.
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 F/14 Vishwamitra Complex Nr. Golden Triangle Stadium Road, Ahmedabad, Gujarat, India – 380014.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.05 Lakh, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹8.91 Lakh (net margin -291.9%) and EBITDA of -₹8.73 Lakh (EBITDA margin -286%). Revenue has declined at a compounded annual rate (CAGR) of 78% over three years and 66% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ambika 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 AddressF/14 Vishwamitra Complex Nr. Golden Triangle Stadium Road, Ahmedabad, Gujarat, India – 380014
- IndustryFinancial Services, Forex Services
To see the full contact details of Ambika 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 Ambika 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 Ambika Forex Private Limited, buy the company report.
Financials of Ambika Forex Private Limited
FY 2025 filings availableAmbika Forex Private Limited reported revenue of ₹3.05 Lakh (down 100% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 66% over five years. EBITDA fell 306% 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 |
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| EBITDA | -₹8.73 Lakh | ||||
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| Net Profit (PAT) | -₹8.91 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -286% | ||||
| Net Profit Margin | -291.9% | ||||
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To see the full financial statements and ratios of Ambika Forex Private Limited, buy the company report.
Board of directors of Ambika Forex Private Limited
Ambika Forex has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hareshchand Narshingdas Maheshwari | Director | 29 Mar 2012 | 14 Years 6 Months | Current |
| Sunil Hareshbhai Maheshwari | Director | 29 Mar 2012 | 14 Years 6 Months | Current |
| Jayaben Sunilbhai Maheshwari | Director | 29 Mar 2012 | 14 Years 6 Months | Current |
Peer comparison
Ambika Forex Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| AI Forex Private Limited | ₹3.41 Lakh (FY 2021) | -100.0% | Pune, Maharashtra, India | |||
| Amster Forex Private Limited | ₹3.37 Lakh (FY 2025) | -71.0% | Ernakulam, Kerala, India | |||
| Ad Forex Private Limited | ₹3.29 Lakh (FY 2025) | -99.0% | Kolkata, West Bengal, India | |||
| Ambika Forex Private Limitedthis company | ₹3.05 Lakh (FY 2025) | -₹8.91 Lakh | -291.9% | -100.0% | Ahmedabad, Gujarat, India | |
| Solomon Forex Private Limited | ₹3.03 Lakh (FY 2023) | 65.0% | Delhi, India | |||
| Jaisurya Financial Services Limited | ₹3.01 Lakh (FY 2024) | -60.0% | Chennai, Tamil Nadu, India | |||
| K R Forex Private Limited | ₹3 Lakh (FY 2025) | -45.0% | Vadodara, Gujarat, India |
To see the full peer comparison of Ambika Forex Private Limited, buy the company report.
Auditor
Ambika Forex Private Limited is audited by V GOSWAMI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V GOSWAMI & CO | FY 2019 | 128769W |
Shareholding
The shareholding of Ambika Forex Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Ambika Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ambika 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 Ambika Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ambika Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCA4223C1Z9 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ambika Forex Private Limited, buy the company report.
Recent activity
Ambika Forex Private Limited has 3 board changes on record since 2012: 3 appointments. The latest: Hareshchand Narshingdas Maheshwari was appointed as Director on 29 Mar 2012.
Frequently asked questions
Ambika 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 29 March 2012 (14+ years old) and is registered under CIN U67190GJ2012PTC069649.
Ambika Forex has 3 current directors:
- Hareshchand Narshingdas Maheshwari - Director
- Sunil Hareshbhai Maheshwari - Director
- Jayaben Sunilbhai Maheshwari - Director
The latest financial statements of Ambika 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 Ambika Forex is 24AAKCA4223C1Z9, registered in Gujarat.
The CIN (Corporate Identification Number) of Ambika Forex is U67190GJ2012PTC069649. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ambika Forex was incorporated on 29 March 2012, making it 14+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ambika Forex by revenue are AI Forex Private Limited, Amster Forex Private Limited, Ad Forex Private Limited, Solomon Forex Private Limited, Jaisurya Financial Services Limited and 1 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Hareshchand Narshingdas Maheshwari was appointed as Director on 29 Mar 2012. Jayaben Sunilbhai Maheshwari was appointed as Director on 29 Mar 2012. Sunil Hareshbhai Maheshwari was appointed as Director on 29 Mar 2012.
The registered office of Ambika Forex is at F14 Vishwamitra Complex Nr. Golden Triangle Stadium Road, Ahmedabad, Gujarat, India – 380014.
Ambika Forex operates in the financial services industry, in the forex services segment.
The compliance status of Ambika Forex is compliant as of 13 July 2026. The company is actively filing with the Registrar of Companies.