About Finex Forex
Finex Forex is a Financial Services company based in Kochi (India) founded in 2011. It provides comprehensive foreign exchange and financial services for individuals and corporate clients. It operates on a B2B model. Its Indian entity Finex Forex & Equity Services Private Limited reported revenue of ₹4.9 Lakh. Its focus areas include Finance, Foreign Exchange and Trading Solutions. Its competitors include BSE India, NSE India, MSEI, StockHolding Corporation of India and India INX and 2 more; 3 of its 7 listed competitors have raised funding.
Company details
Finex Forex, founded in 2011 in Kochi, India, focuses on finance, offering financial products and advice, foreign exchange, and trading solutions. Provides comprehensive foreign exchange and financial services for individuals and corporate clients. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
- Headquarters Kochi, India
- SectorsFinancial Services
- Website finexforex.co.in
- Legal Name Finex Forex & Equity Services Private Limited
- Date of Incorporation 07 Jun, 2011
- Jurisdiction Ernakulam, Kerala, India
- Annual Revenue₹4.9 Lakh
FY 2024 · -100% YoY
- Net Loss-₹6.3 Lakh
FY 2024 · -128% margin
- EBITDA-₹5.6 Lakh
FY 2024 · -114% margin
Associated legal entities of Finex Forex
Finex Forex operates through Finex Forex & Equity Services Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Finex Forex & Equity Services Private Limited CIN U65990KL2011PTC028581 | Active | 07 Jun 2011 | Ernakulam, Kerala | ₹0.0 Cr | – | 2 | View details |
Board of directors of Finex Forex & Equity Services Private Limited (Finex Forex)
Finex Forex & Equity Services Private Limited is the primary company behind Finex Forex. The board of Finex Forex & Equity Services Private Limited currently have 2 directors; the longest-serving is Subhash Mallappa Koli, appointed in 2023. 10 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Subhash Mallappa Koli DIN 09741858 | Director | 27 Feb 2023 | 3 yrs 7 mo | Finex Forex & Equity Services Private Limited |
| Ramzan Razak Khan DIN 09287737 | Director | 28 Jun 2023 | 3 yrs 3 mo | Finex Forex & Equity Services Private Limited |
Financials of Finex Forex
Figures of Finex Forex & Equity Services Private Limited, the primary company behind Finex Forex, for FY 2024. Revenue was ₹4.9 Lakh (-100% year on year). Net loss was -₹6.3 Lakh (-128% margin). EBITDA was -₹5.6 Lakh (-114% margin). Revenue has grown at a compounded annual rate of -95% over three years and -66% over five years.
- ₹4.9 LakhRevenue · FY 2024 · -100% YoY
- -₹6.3 LakhNet loss · -128% margin
- -₹5.6 LakhEBITDA · -114% margin
- ₹55 LakhPaid-up capital
- -95%Revenue CAGR, 3 years
- -66%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Finex Forex & Equity Services Private Limited are on its company page.
Detailed financial statements for Finex Forex
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Competitors of Finex Forex
Finex Forex has 7 listed competitors in our database, 3 of them funded. They include BSE India, NSE India, MSEI, StockHolding Corporation of India and India INX, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| bseindia.com | 1875 | Mumbai, India | $42.77M | 937 | Equities and securities are traded on India's oldest stock exchange. | |
| nseindia.com | 1992 | Mumbai, India | $483.34M | 1,873 | Stock exchange services including equities and derivatives are offered. | |
| msei.in | 2008 | Mumbai, India | $59.86M | 108 | National-level stock exchange offering electronic trading platforms for various financial instruments, including equity, derivatives, currency, debt, and SME platforms | |
| stockholding.com | 1986 | Mumbai, India | – | 1,282 | Serves as a custodial service provider for listed securities. | |
| indiainxga.com | 2017 | India | – | 4 | Online stock trading is facilitated by India INX platform. | |
| rajgul.com | 1956 | Delhi, India | – | – | Provides investment solutions, equity research, mutual fund advisory, and wealth management for individuals and institutions. | |
| vml.org.in | 2015 | Mumbai, India | – | – | It serves as a limited information available. |
Detailed competitors of Finex Forex
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Top companies in Currency Exchange Services
10 companies that operate in the same segment as Finex Forex (Currency Exchange Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Foreign exchange services are provided to facilitate international money access. | 1976 | London, England, United Kingdom | – | – | – | |
Forex market settlement, processing, and data solutions are provided globally. | 1997 | London, England, United Kingdom | – | – | – | |
Currency management services are provided by Argentex globally. | 2011 | London, England, United Kingdom | – | USD 50.71 M | 86 | |
Provider of foreign exchange expertise and execution for middle market companies | 2002 | South Jordan, Utah, United States | – | – | 114 | |
Currency exchange services for clients are provided by CXI internationally. | 1998 | Lynnwood, Washington, United States | – | USD 72.32 M | 390 | |
Precious metal bullion, coins, and storage products are retailed online. | 2004 | – | USD 70 M | – | – | |
Functions as an online platform for buying and selling cryptocurrencies like Beam and Grin. | 2020 | Delhi, Delhi, India | – | – | – | |
Olympia Trust Company is engaged in providing trust and financial services to Canadian investors. | 1996 | Calgary, Alberta, Canada | – | – | – | |
Cross-border money transfers and currency exchange services are offered. | 1996 | Petaling Jaya, Selangor, Malaysia | – | USD 47.36 M | – | |
Provider of currency exchange services | 2003 | London, England, United Kingdom | – | – | – |
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Frequently Asked Questions about Finex Forex
Finex Forex was founded in 2011.
Finex Forex is headquartered in Kochi, India. It is registered at Kochi, Kerala, India.
The primary company behind Finex Forex, Finex Forex & Equity Services Private Limited, reported revenue of ₹4.9 Lakh for FY 2024, down 100% year on year.
Finex Forex, founded in 2011 in Kochi, India, focuses on finance, offering financial products and advice, foreign exchange, and trading solutions. Provides comprehensive foreign exchange and financial services for individuals and corporate clients. The company is dedicated to excellence, innovation, and customer satisfaction, ensuring sustainable practices and long-term success in its sectors.
Finex Forex operates through Finex Forex & Equity Services Private Limited.
The legal entities of Finex Forex currently have 2 directors, including Ramzan Razak Khan, Subhash Mallappa Koli.