Amicale Forex Private Limited
About Amicale Forex Private Limited
Data last updated:
Amicale 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 21 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67100GJ2017PTC095908. Its GSTIN is 24AAPCA2034E1Z3 (Gujarat).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It was formerly known as Amicale Immigration & Forex Services Private Limited. It is led by directors Radhika Balmukund Darak and Girish Balmukund Darak.
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 Ugf 5 – 6 Office 1 Himalaya Complex Opp. Sardar Centre Vastrapur, Ahmedabad, Gujarat, India – 380015.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.87 Lakh, a decline of 81% compared to the previous year. For the same year it recorded a net profit of ₹1.22 Lakh (net margin 65.2%) and EBITDA of ₹1.63 Lakh (EBITDA margin 87.2%). Revenue has declined at a compounded annual rate (CAGR) of 63% over three years and 58% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressUgf 5 – 6 Office 1 Himalaya Complex Opp. Sardar Centre Vastrapur, Ahmedabad, Gujarat, India – 380015
- 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 Amicale Forex Private Limited
The main business activity of Amicale Forex is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | 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 Amicale Forex Private Limited FY 2025 filings available
Amicale Forex Private Limited reported revenue of ₹1.87 Lakh (down 81% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Amicale Forex Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 58% over five years, including a 81% fall 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 Amicale 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 | ₹1.63 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.22 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 Amicale Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 87.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 65.2% | •••• | •••• | •••• | •••• |
| 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 Amicale Forex are in the company report.
Financial statements from FY 2017
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 Amicale Forex Private Limited
Amicale Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Avanthi Foreign Exchange Private Limited | ₹2.09 Lakh (FY 2022) | •••• | •••• | -72.0% | •••• | Chennai, Tamil Nadu, India |
| MTK Forex and Holidays Private Limited | ₹1.98 Lakh (FY 2019) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Oasis Forex Private Limited | ₹1.95 Lakh (FY 2025) | •••• | •••• | -54.0% | •••• | Chennai, Tamil Nadu, India |
| Sagar Forex Limited | ₹1.94 Lakh (FY 2025) | •••• | •••• | -57.0% | •••• | Jalandhar, Punjab, India |
| Mallick Import & Export Private Limited | ₹1.94 Lakh (FY 2022) | •••• | •••• | -68.0% | •••• | Bhubaneswar, Odisha, India |
| Amicale Forex Private Limited this company | ₹1.87 Lakh (FY 2025) | •••• | •••• | -81.0% | •••• | Ahmedabad, Gujarat, India |
| Moksh Forex Private Limited | ₹1.87 Lakh (FY 2025) | •••• | •••• | 43.0% | •••• | Mumbai, Maharashtra, India |
| Bigwig Forex Private Limited | ₹1.85 Lakh (FY 2025) | •••• | •••• | -6.0% | •••• | Mumbai, Maharashtra, India |
| Shahi Money Changer Private Limited | ₹1.83 Lakh (FY 2025) | •••• | •••• | -99.0% | •••• | Surat, Gujarat, India |
| Mehra Fincorp Private Limited | ₹1.81 Lakh (FY 2024) | •••• | •••• | 9.0% | •••• | Amritsar, Punjab, India |
| Rising Forex Private Limited | ₹1.79 Lakh (FY 2024) | •••• | •••• | 38.0% | •••• | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Amicale Forex by revenue in the BFSI industry (Money Exchange Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Board of Directors of Amicale Forex Private Limited
Amicale Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Radhika Balmukund Darak | Director | 21 Feb 2017 | 9 Years 7 Months | Current |
| Girish Balmukund Darak Also directs: Amicale Holidays Private Limited | Director | 21 Feb 2017 | 9 Years 7 Months | Current |
Ownership and Shareholding of Amicale 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 Amicale Forex Private Limited
Amicale Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Amicale Forex Private Limited
Employment history and EPFO contributions of people linked to Amicale Forex.
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.
Name History of Amicale Forex Private Limited
Amicale Forex has undergone 2 name changes throughout its history. The company was previously known as Amicale Immigration & Forex Services Private Limited, and Amicale Forex Private Limited. The current legal name is Amicale Forex Private Limited.
| Company Name | Status |
|---|---|
| Amicale Forex Private Limited | Current |
| Amicale Immigration & Forex Services Private Limited | Previous |
Recent Activity on Amicale Forex Private Limited
Amicale Forex Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Girish Balmukund Darak was appointed as Director on 21 Feb 2017.
Credit Ratings, Litigation & Regulatory Alerts for Amicale 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 Amicale 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 Amicale 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 Amicale Forex Private Limited
Amicale Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAPCA2034E1Z3 | Gujarat | Active | 18 Jun 2018 |
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 Amicale 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 Amicale Forex Private Limited
Amicale 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 21 February 2017 (9+ years old) and is registered under CIN U67100GJ2017PTC095908.
Amicale Forex reported revenue of ₹1.87 Lakh for FY 2025 (down 81% YoY).
Amicale Forex has 2 current directors:
- Radhika Balmukund Darak - Director
- Girish Balmukund Darak - Director
Amicale Forex reported a net profit of ₹1.22 Lakh (net margin 65.2%) and EBITDA of ₹1.63 Lakh (EBITDA margin 87.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Amicale Forex is -63% over three years and -58% over five years. In the latest year (FY 2025) revenue fell 81%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Amicale Forex is 24AAPCA2034E1Z3, registered in Gujarat.
The CIN (Corporate Identification Number) of Amicale Forex is U67100GJ2017PTC095908. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Amicale Forex was incorporated on 21 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Amicale Forex by revenue are Avanthi Foreign Exchange Private Limited, MTK Forex and Holidays Private Limited, Oasis Forex Private Limited, Sagar Forex Limited, Mallick Import & Export Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Girish Balmukund Darak was appointed as Director on 21 Feb 2017. Radhika Balmukund Darak was appointed as Director on 21 Feb 2017.
The registered office of Amicale Forex is at Ugf 5 – 6 Office 1 Himalaya Complex Opp. Sardar Centre Vastrapur, Ahmedabad, Gujarat, India – 380015.