About Hmax
Hmax is a Financial Services company. Foreign exchange services, including currency exchange and remittances, are offered in India. Its Indian entity Hmax Money Exchange Private Limited reported revenue of ₹16.82 Cr. Hmax offers products and services including Currency Exchange and Outward Remittances. Its focus areas include Finance, Payments, Money Transfer and Travel Cards.
Company details
Hmax Money Exchange Was Established In 2016 And Is Recognized As A Provider Of Foreign Exchange Services In India, Where Currency Exchange, Outward Remittances, And Multi-currency Travel Cards Are Made Available To Businesses And Individual Clients. The Company Is Regulated By The Reserve Bank Of India, Ensuring That Transactions Are Handled Securely And In Compliance With Financial Regulations. Branches Are Located In Mumbai And Dombivli, Facilitating Access To Services Such As Money Transfers And Currency Conversion. Contact Details Are Provided For Inquiries, And Various Currencies Like Usd And Eur Are Supported For Exchanges And Remittances.
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website hmaxforex.com
- Legal Name Hmax Money Exchange Pvt Ltd
- Date of Incorporation 18 Sep, 2008
- Jurisdiction Mumbai, Maharashtra, India
- Indian entity revenue₹16.82 Cr
FY 2025 · -88% YoY
- Indian entity net profit₹71,314
FY 2025 · 0% margin
- Indian entity EBITDA₹2.7 Lakh
FY 2025 · 0% margin
Associated legal entities of Hmax
Hmax operates through Hmax Money Exchange Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Hmax Money Exchange Private Limited CIN U67120MH2008PTC301847 | Active | 18 Sep 2008 | Mumbai, Maharashtra | ₹16.8 Cr | 2 | View details |
Products & Services of Hmax
Hmax offers a comprehensive portfolio of products and services, including Currency Exchange and Outward Remittances.
Currency exchange services are offered for various needs with rates that are made available through the platform.
Outward remittances services are provided to cover international money transfers in a fast and secure manner.
Board of directors of Hmax Money Exchange Private Limited (Hmax)
Hmax Money Exchange Private Limited is the primary company behind Hmax. The board of Hmax Money Exchange Private Limited currently have 2 directors; the longest-serving is Kalpesh Prakash Gadiya, appointed in 2016. 5 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kalpesh Prakash Gadiya DIN 01818134 | Director | 01 Jan 2016 | 10 yrs 10 mo | Hmax Money Exchange Private Limited |
| Saranjeet Jitendra Singh DIN 08567384 | Director | 22 Feb 2022 | 4 yrs 8 mo | Hmax Money Exchange Private Limited |
Financials of Hmax
Figures of Hmax Money Exchange Private Limited, the primary company behind Hmax, for FY 2025. Revenue was ₹16.82 Cr (-88% year on year). Net profit was ₹71,314 (0% margin). EBITDA was ₹2.7 Lakh (0% margin). Revenue has grown at a compounded annual rate of -61% over three years and -48% over five years.
- ₹16.82 CrRevenue · FY 2025 · -88% YoY
- ₹71,314Net profit · 0% margin
- ₹2.7 LakhEBITDA · 0% margin
- ₹50 LakhPaid-up capital
- -61%Revenue CAGR, 3 years
- -48%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Hmax Money Exchange Private Limited are on its company page.
Detailed financial statements for Hmax
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.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Frequently Asked Questions about Hmax
The primary company behind Hmax, Hmax Money Exchange Private Limited, reported revenue of ₹16.82 Cr for FY 2025, down 88% year on year.
Hmax Money Exchange Was Established In 2016 And Is Recognized As A Provider Of Foreign Exchange Services In India, Where Currency Exchange, Outward Remittances, And Multi-currency Travel Cards Are Made Available To Businesses And Individual Clients. The Company Is Regulated By The Reserve Bank Of India, Ensuring That Transactions Are Handled Securely And In Compliance With Financial Regulations. Branches Are Located In Mumbai And Dombivli, Facilitating Access To Services Such As Money Transfers And Currency Conversion. Contact Details Are Provided For Inquiries, And Various Currencies Like Usd And Eur Are Supported For Exchanges And Remittances.
Hmax offers Currency Exchange and Outward Remittances.
Hmax operates through Hmax Money Exchange Private Limited.
The legal entities of Hmax currently have 2 directors, including Kalpesh Prakash Gadiya, Saranjeet Jitendra Singh.