About BuyForex
BuyForex is a company based in Mumbai (India) founded in 2015. The company has 1 employees. BuyForex offers products and services including Forex Card, Currency Notes, and Money Transfer. BuyForex operates in a competitive market with competitors including Remitly, Euronet Worldwide, Xoom, BookMyForex and NALA, among others.
- Headquarter Mumbai, India
- Employees 1
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website buyforex.com
- Social LinkedIn X Facebook
- Legal Name Buyforex India Limited
- Date of Incorporation 29 Feb, 2016
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹4.82 Cr
FY 2025 · +163% YoY
- Net Profit₹3.28 Cr
FY 2025 · 68% margin
- EBITDA₹4.26 Cr
FY 2025 · 88% margin
- Employee Count1
Associated legal entities of BuyForex
BuyForex is associated with 3 registered companies on The Company Check; the primary company is Buyforex India Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Buyforex India Limited CIN U74999MH2016PLC273638 | Active | 29 Feb 2016 | Mumbai, Maharashtra | ₹4.8 Cr | 1 | 3 | View details |
| Ebix Technologies Limited CIN U72900DL2002PLC392081 | Active | 26 Apr 2002 | New Delhi, Delhi | ₹514 Cr | 2,170 | 6 | View details |
| Ebixcash World Money Limited CIN U67190MH1999PLC119009 | Active | 19 Mar 1999 | Mumbai, Maharashtra | ₹746 Cr | 1,531 | 7 | View details |
Products & Services of BuyForex
BuyForex offers a comprehensive portfolio of products and services, including Forex Card, Currency Notes, and Money Transfer.
Prepaid card for secure overseas cash withdrawals and transactions.
Service for buying and selling foreign currency for travel needs.
Platform for sending money overseas with competitive rates.
Board of directors of Buyforex India Limited (BuyForex)
Buyforex India Limited is the primary company behind BuyForex. The boards of the 3 registered companies of BuyForex currently have 11 directors; the longest-serving is Guruprasad Tiruvanamalai Chandrashekaran, appointed in 2013. 67 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Guruprasad Tiruvanamalai Chandrashekaran DIN 03413982 | Managing Director | 28 Dec 2013 | 12 yrs 9 mo | Ebixcash World Money Limited, Buyforex India Limited |
| Sumit Khadria DIN 07945188 | CFO | 06 Sep 2017 | 9 yrs 1 mo | Ebix Technologies Limited |
| Pravin Madhukar Patil DIN 10811471 | CFO | 13 Mar 2020 | 6 yrs 6 mo | Ebixcash World Money Limited, Buyforex India Limited |
| Vinay Singh DIN 07081298 | Company Secretary | 28 May 2024 | 2 yrs 4 mo | Ebixcash World Money Limited |
| Hariprasad Meenoth Panichikkil DIN 09473253 | Director | 17 Oct 2024 | 1 yr 11 mo | Buyforex India Limited |
| Himanshu Sonaton Pramanick DIN 10851667 | Director | 30 Nov 2024 | 1 yr 10 mo | Ebixcash World Money Limited |
| Vani Mahajan DIN 10898192 | Director | 06 Jan 2025 | 1 yr 9 mo | Ebixcash World Money Limited |
| Bhawna Sharma DIN 10288658 | Director | 06 Jan 2025 | 1 yr 9 mo | Ebix Technologies Limited |
| Chaganti Samba Murty DIN 10670239 | Director | 08 Apr 2025 | 1 yr 6 mo | Ebix Technologies Limited |
| Ashish Jaitly DIN 10942708 | Whole-time director | 08 Apr 2025 | 1 yr 6 mo | Ebix Technologies Limited |
| Chandan Kumar DIN 08139239 | Director | 29 May 2025 | 1 yr 4 mo | Ebix Technologies Limited |
Financials of BuyForex
Figures of Buyforex India Limited, the primary company behind BuyForex, for FY 2025. Revenue was ₹4.82 Cr (+163% year on year). Net profit was ₹3.28 Cr (68% margin). EBITDA was ₹4.26 Cr (88% margin). Revenue has grown at a compounded annual rate of +57% over three years and +43% over five years.
- ₹4.82 CrRevenue · FY 2025 · +163% YoY
- ₹3.28 CrNet profit · 68% margin
- ₹4.26 CrEBITDA · 88% margin
- ₹2.00 CrPaid-up capital
- 1Employees (provident fund records)
- +57%Revenue CAGR, 3 years
- +43%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Buyforex India Limited are on its company page.
Detailed financial statements for BuyForex
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Competitors of BuyForex
BuyForex operates in a dynamic and competitive business environment, facing competition from various established players and emerging companies in the market. The competitive landscape includes prominent companies such as Remitly, Euronet Worldwide, Xoom, BookMyForex and NALA, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| remitly.com | 2011 | Seattle, United States | $1.65B | 2,700 | Cross-border money transfers are facilitated via banking networks. | |
| euronetworldwide.com | 1994 | Leawood, United States | – | 10,000 | Electronic payments and transaction processing solutions are offered globally. | |
| xoom.com | 2001 | San Francisco, United States | $106.44M | 42 | Cross-border money transfers are enabled via banking channels. | |
| bookmyforex.com | 2011 | Gurugram, India | $5.59M | 231 | Online foreign exchange and remittance services are facilitated in India. | |
| nala.com | 2017 | Nairobi, Kenya | $50.15M | – | Cross-border remittances are enabled online for individuals worldwide. | |
| ofx.com | 1998 | Sydney, Australia | – | – | International money transfer service provider. | |
| azimo.com | 2012 | London, United Kingdom | $68.82M | 164 | Cross-border money transfers are enabled via a digital banking channel. | |
| travel-wallet.com | 2018 | Seoul, South Korea | $31.33M | – | Mobile platform for Asian currency exchange and payments is offered. | |
| lmax.com | 2007 | London, United Kingdom | $300.09M | – | Forex trading services are provided via an electronic exchange platform. |
Detailed competitors of BuyForex
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Web traffic of BuyForex
The website of BuyForex (buyforex.com) receives about 17.7K visits a month.
- Monthly visits17.7K
▼ 11.9% vs previous month
Websites whose visitors overlap most with BuyForex. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| extravelmoney.com | 100% | 102.2K | #388,899 | View details | |
| buyforexonline.com | 96% | – | – | View details | |
orientexchange.in | orientexchange.in | 94% | – | #215,934 | – |
| thomascook.in | 79% | 1.1M | #51,681 | View details | |
| wsfx.in | 72% | 7.1K | #2,567,612 | View details | |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
| •••••••••• | ••••••.com | ••% | •.•M | #••••• | – |
All 7 similar websites and full traffic analytics for BuyForex
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- 7 similar websites
- Audience overlap
- Engagement analytics
- Traffic by brand
Verified entity values are shown only after access is granted.
Latest news on Buyforex
Complete news archive for BuyForex
Full article history, source details, and older brand coverage require an active premium plan.
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Similar companies to BuyForex
10 companies that operate in the same segment as BuyForex (Forex Tech), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cross-border remittances are enabled for individuals and businesses via apps. | 2011 | London, United Kingdom | USD 1.03 B | USD 2.71 B | – | |
Cross-border payments are processed for businesses via tools and APIs. | 2015 | Singapore, Singapore | USD 1.9 B | – | 1 | |
Cross-border payroll solutions are provided for global migrant workers. | 2021 | Berlin, Berlin, Germany | USD 38.93 M | – | – | |
Online platform for trading in forex, options, and CFDs | 1992 | Copenhagen, Denmark | USD 548.49 M | – | 1 | |
International payments are enabled online for consumers and businesses. | 2016 | Sao Paulo, Brazil | USD 21.53 M | – | – | |
Online foreign exchange and remittance services are facilitated in India. | 2011 | Gurugram, Haryana, India | USD 5.59 M | USD 1.17 M | 146 | |
An online platform is utilized for trading forex and CFDs. | 1995 | San Francisco, California, United States | USD 117.05 M | USD 317.42 | – | |
Online cross-border remittance platform for individuals | 2019 | San Francisco, California, United States | USD 60 M | – | – | |
Trading in CFDs, forex, cryptocurrencies, and indices is enabled online. | 2008 | London, England, United Kingdom | – | USD 809.63 M | 633 | |
NFC-enabled travel cards and wallets are provided for travelers. | 2018 | Singapore, Singapore | USD 105.5 M | – | – |
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Frequently Asked Questions about BuyForex
BuyForex was founded in 2015.
BuyForex is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
BuyForex has 1 employees.
The primary company behind BuyForex, Buyforex India Limited, reported revenue of ₹4.82 Cr for FY 2025, up 163% year on year.
BuyForex was founded in 2015 in Mumbai, India, within the foreign exchange sector. An online platform is operated to enable the purchase and sale of foreign currency. Transactions are supported through travelers cheques, demand drafts, and prepaid forex cards. Doorstep delivery and pickup services are provided to users across relevant regions.
BuyForex's top competitors include Azimo, Euronet Worldwide and NALA.
BuyForex offers Forex Card, Currency Notes, and Money Transfer.
BuyForex is associated with 3 legal entities: Buyforex India Limited, Ebixcash World Money Limited, Ebix Technologies Limited.
The legal entities of BuyForex currently have 12 directors, including Pravin Madhukar Patil, Vinay Singh, Himanshu Sonaton Pramanick and others.