About Amster Forex Private Limited
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Amster Forex Private Limited is a private limited company based in Ernakulam, Kerala, India. It operates in the forex services segment of the financial services sector. It was incorporated on 14 February 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U67200KL2019PTC056788. Its GSTIN is 32AARCA9327L1Z7 (Kerala).
The company has an authorised share capital of ₹27 Lakh and a paid-up capital of ₹27 Lakh. It is led by directors Padannayil Karthikeyan Kamal (Managing Director) and Puthanpurackal Surendran Suchithra.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Ernakulam, Kerala.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.37 Lakh, a decline of 71% compared to the previous year. For the same year it recorded a net loss of ₹87,368 (net margin -25.9%) and EBITDA of -₹63,509 (EBITDA margin -18.8%). Revenue has grown at a compounded annual rate (CAGR) of 40% over three years and 10% over five years.
For more details, the company can be reached via its website amsterforex.com.
Company details
Contact details
Amster Forex Private Limited's registered office is in Ernakulam, Kerala. Its website is amsterforex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressDoor No. C.C 62/819 (39/2405 – A) First Floor Srivari Complex M.B Menon Road Ernakul, Am South, Ernakulam, Kerala, India – 682016
- IndustryFinancial Services, Forex Services
To see the full contact details of Amster 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 Amster 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 Amster Forex Private Limited, buy the company report.
Financials of Amster Forex Private Limited
FY 2024 filings availableAmster Forex Private Limited reported revenue of ₹3.37 Lakh (down 71% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 71% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 10%. EBITDA fell 150% 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 | -₹63,509 | ||||
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| Net Profit (PAT) | -₹87,368 | ||||
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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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| EBITDA Margin | -18.8% | ||||
| Net Profit Margin | -25.9% | ||||
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To see the full financial statements and ratios of Amster Forex Private Limited, buy the company report.
Board of directors of Amster Forex Private Limited
Amster Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Puthanpurackal Surendran Suchithra | Director | 14 Feb 2019 | 7 Years 8 Months | Current |
| Padannayil Karthikeyan Kamal | Managing Director | 14 Feb 2019 | 7 Years 8 Months | Current |
Peer comparison
Amster Forex Private Limited is compared with the 3 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 Limitedthis company | ₹3.37 Lakh (FY 2025) | -₹87,368 | -25.9% | -71.0% | Ernakulam, Kerala, India | |
| Ad Forex Private Limited | ₹3.29 Lakh (FY 2025) | -99.0% | Kolkata, West Bengal, India | |||
| Ambika Forex Private Limited | ₹3.05 Lakh (FY 2025) | -100.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Amster Forex Private Limited, buy the company report.
Auditor
Amster Forex Private Limited is audited by ROSHAN THOMAS & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ROSHAN THOMAS & CO | FY 2023 | 013611S |
Shareholding
The shareholding of Amster Forex Private Limited is on record for 4 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Amster Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Amster 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 Amster Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Amster Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AARCA9327L1Z7 | Kerala | Active | 02 Mar 2019 |
To see the full GST registrations and return filing status of Amster Forex Private Limited, buy the company report.
Recent activity
Amster Forex Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Padannayil Karthikeyan Kamal was appointed as Managing Director on 14 Feb 2019.
Frequently asked questions
Amster Forex is an active private limited company based in Ernakulam, Kerala, India. The company works in forex services, within the financial services industry. It was incorporated on 14 February 2019 (7+ years old) and is registered under CIN U67200KL2019PTC056788.
Amster Forex has 2 current directors:
- Padannayil Karthikeyan Kamal - Managing Director
- Puthanpurackal Surendran Suchithra - Director
The latest financial statements of Amster Forex on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from FY 2019 are in the company report.
The GSTIN of Amster Forex is 32AARCA9327L1Z7, registered in Kerala.
The CIN (Corporate Identification Number) of Amster Forex is U67200KL2019PTC056788. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Amster Forex was incorporated on 14 February 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Amster Forex by revenue are AI Forex Private Limited, Ad Forex Private Limited, Ambika Forex Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Padannayil Karthikeyan Kamal was appointed as Managing Director on 14 Feb 2019. Puthanpurackal Surendran Suchithra was appointed as Director on 14 Feb 2019.
Amster Forex can be reached through the website amsterforex.com. Its registered office is in Ernakulam, Kerala, India.
The registered office of Amster Forex is at Door No. C.C 62819 392405 – A First Floor Srivari Complex M.B Menon Road Ernakul, Am South, Ernakulam, Kerala, India – 682016.
Amster Forex operates in the financial services industry, in the forex services segment.