Ask Forex Private Limited
About Ask Forex Private Limited
Data last updated:
Ask Forex Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the service-based operations segment of the business services sector. It was incorporated on 15 September 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U74999KA2017PTC106425. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹33 Lakh and a paid-up capital of ₹32.1 Lakh. It is led by directors including Manjunath Channarayappa and Krishnappa Shantha.
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 Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.09 Lakh, a decline of 7% compared to the previous year. For the same year it recorded a net profit of ₹6,886 (net margin 0.9%) and EBITDA of ₹1.03 Lakh (EBITDA margin 12.7%). Revenue has declined at a compounded annual rate (CAGR) of 63% over three years and 65% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Ask Forex Private Limited's registered office is in Bangalore, Karnataka. Its e-mail address is in the company report.
- Email
- Registered AddressNo.125 Ground Floor, Surveyor Street Basavanagudi Bengaluru, Bangalore, Karnataka, India – 560004
- IndustryBusiness Services, Other Services, Miscellaneous Business Activities
To see the full contact details of Ask 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 Ask 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 Ask Forex Private Limited, buy the company report.
Financials of Ask Forex Private Limited
FY 2025 filings availableAsk Forex Private Limited reported revenue of ₹8.09 Lakh (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 65% over five years, including a 7% fall in the latest year. EBITDA rose 158% 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 | ₹1.03 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6,886 | ||||
| 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 | 12.7% | ||||
| Net Profit Margin | 0.9% | ||||
| 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 Ask Forex Private Limited, buy the company report.
Board of directors of Ask Forex Private Limited
Ask Forex has 4 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Krishnappa Shantha | Additional Director | 28 Mar 2019 | 7 Years 7 Months | Current |
| Muralidharhonnahuggi Rao Also directs: Classic Forex and Consultancy Services Private Limited | Additional Director | 25 Jun 2019 | 7 Years 4 Months | Current |
| Lurd Wing John | Additional Director | 20 Aug 2020 | 6 Years 2 Months | Current |
| Manjunath Channarayappa | Director | 20 Aug 2020 | 6 Years 2 Months | Current |
Peer comparison
Ask Forex Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Ambuja Forex Private Limited | ₹8.64 Lakh (FY 2025) | -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 Limitedthis company | ₹8.09 Lakh (FY 2025) | ₹6,886 | 0.9% | -7.0% | Bangalore, Karnataka, India | |
| Pelican Forex Private Limited | ₹7.84 Lakh (FY 2025) | -98.0% | Ahmedabad, Gujarat, India |
To see the full peer comparison of Ask Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Ask 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 Ask Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ask Forex has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Ask Forex Private Limited, buy the company report.
Recent activity
Ask Forex Private Limited has 7 board changes on record since 2019: 4 appointments and 3 cessations. The latest: Hunnahugi Sesha Manohar ceased to be Additional Director on 20 Aug 2020.
Frequently asked questions
Ask Forex is an active private limited company based in Bangalore, Karnataka, India. The company works in other services, within the business services industry. It was incorporated on 15 September 2017 (9+ years old) and is registered under CIN U74999KA2017PTC106425.
Ask Forex has 4 current directors:
- Krishnappa Shantha - Additional Director
- Muralidharhonnahuggi Rao - Additional Director
- Lurd Wing John - Additional Director
- Manjunath Channarayappa - Director
The latest financial statements of Ask 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 FY 2018 are in the company report.
No. Ask Forex has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Ask Forex is U74999KA2017PTC106425. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ask Forex was incorporated on 15 September 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Ask Forex by revenue are Ambuja Forex Private Limited, Kashik Forex Private Limited, Peacock Forex Private Limited, Pelican Forex Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Hunnahugi Sesha Manohar ceased to be Additional Director on 20 Aug 2020. Lurd Wing John was appointed as Additional Director on 20 Aug 2020. Manjunath Channarayappa was appointed as Director on 20 Aug 2020. Ask Forex has 7 board changes on record in total.
The registered office of Ask Forex is at No.125 Ground Floor, Surveyor Street Basavanagudi Bengaluru, Bangalore, Karnataka, India – 560004.
Ask Forex operates in the business services industry, in the other services segment.
The compliance status of Ask Forex is compliant as of 10 September 2026. The company is actively filing with the Registrar of Companies.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
