Associated Forex Services Limited

Associated Forex Services Limited - financial services in New Delhi, Delhi, India. FY 2026 financials & compliance.
CIN U74899DL1995PLC066911 Incorporated 29 March 1995 ROC Delhi HQ New Delhi, Delhi, India
Active Public Limited Company financial services MSME · Micro
Revenue · FY 2025
₹91,500
Latest filing
Net loss · FY 2025
₹50.81 Lakh
Latest filing
EBITDA · FY 2025
-₹50.71 Lakh
Latest filing
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹99.9 Lakh
Issued & subscribed
Open charges
₹79.5 Lakh
Satisfied ₹7.32 Cr
Company age
31 yrs
Est. 1995
Directors on board
4
As per MCA filings

About Associated Forex Services Limited

Data last updated:

Associated Forex Services Limited is a public limited company based in New Delhi, Delhi, India. It operates in the forex services segment of the financial services sector. It was incorporated on 29 March 1995 and has been in existence for over 31 years.

The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1995PLC066911. The company has 1 GST registration on record, which is no longer active.

The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹99.9 Lakh. It is led by directors including Rakesh Gupta and Deepti Gupta.

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 B – 214 Chittranjan Park, New Delhi, Delhi, India – 110019.

As per the financials filed for FY 2025, the company reported a revenue of ₹91,500. For the same year it recorded a net loss of ₹50.81 Lakh and EBITDA of -₹50.71 Lakh.

As per MCA filings, the company has open charges of ₹79.5 Lakh and satisfied charges of ₹7.32 Cr on record. Court records list 23 cases involving the company, including 12 filed by the company and 11 filed against it; 7 cases are pending.

Associated Forex Services Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-DL-08-0003506). The current compliance status is marked as active non-compliant by the Registrar of Companies.

Company details

CIN U74899DL1995PLC066911
Registration Number 066911
Incorporation Date 29 March 1995
ROC Delhi
Listing Status Unlisted
Company Status Active
Compliance Status Active Non-Compliant
MSME Classification Micro
Udyam Registration UDYAM-DL-08-0003506
Key People
Deepti Gupta Additional Director Sunil Jain Kumar Additional Director Shwetank Agrawal Additional Director

Recognitions & Rankings of Associated Forex Services

MSME (Udyam registered) Ministry of MSME
Category
Micro (2020-21)
Udyam number
UDYAM-DL-08-0003506

Contact details

Associated Forex Services Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.

  • Email
  • Telephone
  • Registered Address
    B – 214 Chittranjan Park, New Delhi, Delhi, India – 110019
  • Industry
    Financial Services, Forex Services

To see the full contact details of Associated Forex Services Limited, buy the company report.

Comprehensive company report
Associated Forex Services Limited - one report that includes everything
  • 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included

Financials of Associated Forex Services Limited

FY 2025 filings available

Associated Forex Services Limited reported revenue of ₹91,500 for FY 2025.

Revenue · FY 2025
₹91,500
Net loss · FY 2025
₹50.81 Lakh
EBITDA · FY 2025
-₹50.71 Lakh

Financial Statement Summary

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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-₹50.71 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)-₹50.81 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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin
Net Profit Margin
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 Associated Forex Services Limited, buy the company report.

Board of directors of Associated Forex Services Limited

Associated Forex Services has 4 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.

Current Directors
NameDesignationAppointment DateTenureStatus
Deepti Gupta
Also directs: Bengal Bay Drinks Private Limited, Global Glass Technologies Private Limited, Asian Resources Limited and 2 more
Additional Director17 Sep 201115 Years 1 MonthsCurrent
Sunil Jain Kumar
Also directs: Asian Resources Limited, Pankhuri Investments and Securities Limited, Ambros Export Private Limited
Additional Director28 Feb 201412 Years 8 MonthsCurrent
Shwetank Agrawal
Also directs: Asian Resources Limited, Pankhuri Investments and Securities Limited, Shri Balaji Polyflex Private Limited
Additional Director06 Aug 20197 Years 3 MonthsCurrent
Rakesh Gupta
Also directs: Global Glass Technologies Private Limited, Asian Resources Limited, Rishyab Infratech Private Limited and 1 more
Director16 Feb 200620 Years 8 MonthsCurrent
View all directors

Peer comparison

Associated Forex Services Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Forex Services, Money Exchange Services), with the same principal business activity (financial and credit leasing activities), from the latest filed financials of each company.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
Zeal Forex Private Limited₹98,809 (FY 2025)-98.0%Bhavnagar, Gujarat, India
Forex Sense India Private Limited₹96,382 (FY 2023)-3.0%Mumbai, Maharashtra, India
Associated Forex Services Limitedthis company₹91,500 (FY 2025)-₹50.81 LakhNew Delhi, Delhi, India
Agr Forex and Holdings Private Limited₹90,000 (FY 2025)Delhi, India
Whitepaper Forex Private Limited₹83,975 (FY 2025)-100.0%Ahmedabad, Gujarat, India

To see the full peer comparison of Associated Forex Services Limited, buy the company report.

Auditor

Associated Forex Services Limited is audited by RAJ ANIRUDH & ASSOCIATES for the financial year 2019.

Auditor firmFinancial yearFirm registration number
RAJ ANIRUDH & ASSOCIATESFY 2019020497N

Shareholding

The shareholding of Associated Forex Services Limited is on record for FY 2019, split between promoters, domestic institutions, public shareholders and others.

Shareholder categoryFY 2019
Promoters
Domestic institutional investors (DII)
Public
Others

To see the full shareholding pattern of Associated Forex Services Limited, buy the company report.

Charges & borrowings

Open charges
₹79.5 Lakh
Satisfied charges
₹7.32 Cr
Breakdown by lending institutions
Federal Bank Ltd₹0.55 Cr
The Federal Bank Ltd.₹0.25 Cr
Latest charge details
DateCharge IDLenderAmountStatusModified or satisfied on
21 Nov 200810132058The Federal Bank Ltd.₹25 LakhOpen
04 May 200610004650Federal Bank Ltd₹44.5 LakhOpen
23 Mar 200610001614Federal Bank Ltd₹10 LakhOpen
18 Nov 200910185698Uco Bank₹2.5 CrSatisfied
21 Nov 200810132057The Federal Bank Ltd.₹2.5 CrSatisfied

To see the full charge records of Associated Forex Services Limited, buy the company report.

Total charge records: 11 View all charges

MSME payment delays

No delayed payments to MSME suppliers are on our record for Associated Forex Services Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.

GST

Associated Forex Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.

Total GSTINs
1
Cancelled / inactive
1

To see the full GST registrations and return filing status of Associated Forex Services Limited, buy the company report.

Recent activity

Associated Forex Services Limited has 13 board changes on record since 2006: 4 appointments and 9 cessations. The latest: Shwetank Agrawal ceased to be Additional Director on 24 May 2022.

AGM
Associated Forex Services Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Associated Forex Services Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi I.
Ceased
Shwetank Agrawal ceased to be Additional Director.
Appointed
Shwetank Agrawal was appointed as Additional Director.
Ceased
Sunil Jain Kumar ceased to be Additional Director.
Ceased
Umesh Kumar ceased to be Additional Director.
Appointed
Sunil Jain Kumar was appointed as Additional Director.
Charges
A charge registered on 18 Nov 2009 via Charge ID 10185698 with Uco Bank was fully satisfied on 18 Jun 2012.
Appointed
Deepti Gupta was appointed as Additional Director.
Ceased
Sachin Gupta ceased to be Additional Director.
Ceased
Krishan Murari Gupta ceased to be Additional Director.
Ceased
Deepti Gupta ceased to be Director.

26 earlier events are in the company report.

Frequently asked questions

Associated Forex Services is an active public limited company based in New Delhi, Delhi, India. The company works in forex services, within the financial services industry. It was incorporated on 29 March 1995 (31+ years old) and is registered under CIN U74899DL1995PLC066911.

Associated Forex Services has 4 current directors:

The latest financial statements of Associated Forex Services 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.

No. Associated Forex Services has 1 GST registration on record and it is cancelled or inactive.

The CIN (Corporate Identification Number) of Associated Forex Services is U74899DL1995PLC066911. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.

Associated Forex Services has 23 court cases on record: 12 filed by the company and 11 filed against it. 7 are pending. Most are in the district courts.

Associated Forex Services was incorporated on 29 March 1995, making it 31+ years old. It is registered with the Registrar of Companies, Delhi.

The peers of Associated Forex Services by revenue are Zeal Forex Private Limited, Forex Sense India Private Limited, Agr Forex and Holdings Private Limited, Whitepaper Forex Private Limited, all in the BFSI industry (Forex Services, Money Exchange Services), with the same principal business activity (financial and credit leasing activities).

Shwetank Agrawal ceased to be Additional Director on 24 May 2022. Shwetank Agrawal was appointed as Additional Director on 06 Aug 2019. Sunil Jain Kumar ceased to be Additional Director on 06 Aug 2019. Associated Forex Services has 13 board changes on record in total.

Yes, Associated Forex Services is registered as a micro enterprise under Udyam registration (number: UDYAM-DL-08-0003506).

The registered office of Associated Forex Services is at B – 214 Chittranjan Park, New Delhi, Delhi, India – 110019.