Ambuja Forex Private Limited
About Ambuja Forex Private Limited
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Ambuja 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 22 March 1994 and has been in existence for over 32 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67923GJ1994PTC021600. Its GSTIN is 24AABCA2997C2ZW (Gujarat). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹48.99 Lakh. It was formerly known as Ambuja Credit and Lease Finance Private Limited and Ambuja Credit and Lease Finance Limited. It is led by directors Vaibhavkumar Jashwantkumar Shah and Shweta Vaibhavkumar Shah.
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 ₹8.64 Lakh, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹21.42 Lakh (net margin -247.9%) and EBITDA of -₹17.94 Lakh (EBITDA margin -207.5%). Revenue has declined at a compounded annual rate (CAGR) of 80% over three years and 68% over five years.
As per MCA filings, the company has open charges of ₹1.04 Cr and satisfied charges of ₹1.29 Cr on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
Ambuja Forex has undergone 2 name changes throughout its history. The company was previously known as Ambuja Credit And Lease Finance Private Limited, and Ambuja Credit And Lease Finance Limited. The current legal name is Ambuja Forex Private Limited.
| Company Name | Status |
|---|---|
| Ambuja Forex Private Limited | Current |
| Ambuja Credit And Lease Finance Private Limited | Previous |
| Ambuja Credit And Lease Finance Limited | Previous |
CIN history
Ambuja Forex has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U67923GJ1994PTC021600, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67923GJ1994PTC021600 | Current |
| U65923GJ1994PLC021600 | Previous |
| U67923GJ1994PLC021600 | Previous |
Contact details
Ambuja 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 Address104 105 107 108 109 Shyamak Complex, B/H Kamdhenu Complex Nr. Panjara Pole Polytechnic, Ahmedabad, Gujarat, India – 380015
- IndustryFinancial Services, Forex Services
To see the full contact details of Ambuja 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 Ambuja 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 Ambuja Forex Private Limited, buy the company report.
Financials of Ambuja Forex Private Limited
FY 2025 filings availableAmbuja Forex Private Limited reported revenue of ₹8.64 Lakh (down 100% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 68% over five years. EBITDA fell 576% 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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| Total Expenses | |||||
| EBITDA | -₹17.94 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹21.42 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -207.5% | ||||
| Net Profit Margin | -247.9% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Ambuja Forex Private Limited, buy the company report.
Board of directors of Ambuja Forex Private Limited
Ambuja Forex has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vaibhavkumar Jashwantkumar Shah | Director | 20 Aug 2010 | 16 Years 2 Months | Current |
| Shweta Vaibhavkumar Shah | Director | 27 Apr 2012 | 14 Years 6 Months | Current |
Peer comparison
Ambuja Forex Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Capital Forex Services Private Limited | ₹9.34 Lakh (FY 2025) | -88.0% | Gandhinagar, Gujarat, India | |||
| Blossom Forex Private Limited | ₹9.12 Lakh (FY 2025) | -69.0% | Chennai, Tamil Nadu, India | |||
| Ambuja Forex Private Limitedthis company | ₹8.64 Lakh (FY 2025) | -₹21.42 Lakh | -247.9% | -100.0% | Ahmedabad, Gujarat, India | |
| Kashik Forex Private Limited | ₹8.2 Lakh (FY 2025) | Hyderabad, Telangana, India | ||||
| Peacock Forex Private Limited | ₹8.13 Lakh (FY 2025) | -24.0% | Chennai, Tamil Nadu, India | |||
| Ask Forex Private Limited | ₹8.09 Lakh (FY 2025) | -7.0% | Bangalore, Karnataka, India |
To see the full peer comparison of Ambuja Forex Private Limited, buy the company report.
Auditor
Ambuja Forex Private Limited is audited by KHANDAR MEHTA & SHAH for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KHANDAR MEHTA & SHAH | FY 2022 | 125512W |
Shareholding
The shareholding of Ambuja Forex Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Ambuja Forex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Apr 2012 | 10349358 | Hdfc Bank Limited | ₹1.04 Cr | Satisfied | |
| 29 Jul 2010 | 10237236 | Sardar Vallabhbhai Sahkari Bank Limited | ₹15 Lakh | Satisfied | |
| 06 Jan 2006 | 80051795 | Sarvodaya Commercial Co-Operative Bank Limited | ₹10 Lakh | Satisfied |
To see the full charge records of Ambuja Forex Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Ambuja Forex Private Limited has 1 court case on record: 1 filed by Ambuja Forex. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed by the company against Union of India Through Secretary Ministry of Finance Secretary Department of Revenue No. 137 North Block, Cabinet Secretariat, Raisina Hill, New Delhi ,New Delhi , Delhi and 1 other | Disposed |
To see the full case history of Ambuja Forex Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Ambuja Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ambuja Forex has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AABCA2997C2ZW | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Ambuja Forex Private Limited, buy the company report.
Recent activity
Ambuja Forex Private Limited has 8 board changes on record since 2010: 2 appointments and 6 cessations. The latest: Jignesh Rameshchandra Shah ceased to be Director on 29 Jun 2023.
6 earlier events are in the company report.
Frequently asked questions
Ambuja 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 22 March 1994 (32+ years old) and is registered under CIN U67923GJ1994PTC021600.
Ambuja Forex has 2 current directors:
- Vaibhavkumar Jashwantkumar Shah - Director
- Shweta Vaibhavkumar Shah - Director
The latest financial statements of Ambuja 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 Ambuja Forex is 24AABCA2997C2ZW, registered in Gujarat. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Ambuja Forex is U67923GJ1994PTC021600. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ambuja Forex has 1 court case on record: 1 filed by the company.
Ambuja Forex was incorporated on 22 March 1994, making it 32+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Ambuja Forex by revenue are Capital Forex Services Private Limited, Blossom Forex Private Limited, Kashik Forex Private Limited, Peacock Forex Private Limited, Ask Forex Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Jignesh Rameshchandra Shah ceased to be Director on 29 Jun 2023. Shweta Vaibhavkumar Shah ceased to be Additional Director on 29 Sep 2012. Jashwantkumar Somchandbhai Shah ceased to be Director on 27 Apr 2012. Ambuja Forex has 8 board changes on record in total.
The registered office of Ambuja Forex is at 104 105 107 108 109 Shyamak Complex, BH Kamdhenu Complex Nr. Panjara Pole Polytechnic, Ahmedabad, Gujarat, India – 380015.
Ambuja Forex operates in the financial services industry, in the forex services segment.