About Kanji Forex
Kanji Forex is a Financial Services company based in Mumbai (India) founded in 1935, and was acquired by Niyo in August 2025. It offers currency exchange, remittance, and doorstep services in India. It operates on a B2C and D2C model. The company has 31 employees. Its Indian entity Kanji Forex Private Limited reported revenue of ₹17.94 Cr. Kanji Forex offers products and services including Money Changing Service, Remittance Service, and Doorstep Service. Its focus areas include Finance, Remittance Services, International Transfers and Fund Remittance.
Company details
Kanji Forex operates as a financial services provider in India, specializing in money changing and remittance. They facilitate buying and selling of major currencies at competitive rates, along with doorstep delivery options. Under the Reserve Bank of Indias AD II Licence, they enable funds transfer abroad for approved purposes. The company has branches in Mumbai and Pune, serving individuals needing currency solutions.
- Headquarters Mumbai, India
- Employees 31
- Stage Acquired
- SectorsFinancial Services
- Email••••••••
- Website kanji.in
- Social LinkedIn
- Acquired by Niyo (Aug 2025)
- Legal Name Kanji Forex Private Limited
- Date of Incorporation 25 May, 1998
- Jurisdiction Mumbai, Maharashtra, India
Associated legal entities of Kanji Forex
Kanji Forex is associated with 2 registered companies on The Company Check; the primary company is Kanji Forex Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2026) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Kanji Forex Private Limited CIN U67190MH1998PTC115072 | Active | 25 May 1998 | Mumbai, Maharashtra | ₹17.9 Cr | 117 | 4 | View details |
| Kanji Pitamber Forex Private Limited CIN U67120MH1999PTC118062 | Active | 29 Jan 1999 | Mumbai, Maharashtra | ₹1.6 Cr | 2 | View details |
Products & Services of Kanji Forex
Kanji Forex offers a comprehensive portfolio of products and services, including Money Changing Service, Remittance Service, and Doorstep Service.
Enables buying and selling of major currencies at attractive rates.
Facilitates sending funds abroad for permitted purposes.
Provides on-demand currency exchange at customer's location.
Investors in Kanji Forex
Kanji Forex has secured backing from 1 investor. Prominent investors backing the company include Niyo.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Online platform for wealth management | 2015 | goniyo.com | Bengaluru, India |
Investor details for Kanji Forex
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Kanji Forex Private Limited (Kanji Forex)
Kanji Forex Private Limited is the primary company behind Kanji Forex. The boards of the 2 registered companies of Kanji Forex currently have 5 directors; the longest-serving is Gautam Rasiklal Ashra, appointed in 1999. 12 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gautam Rasiklal Ashra DIN 00140942 | Director | 29 Jan 1999 | 27 yrs 9 mo | Kanji Pitamber Forex Private Limited, Kanji Forex Private Limited |
| Mamta Gautam Ashra DIN 00322501 | Director | 29 Jan 1999 | 27 yrs 9 mo | Kanji Pitamber Forex Private Limited |
| Vinay Bagri DIN 07336955 | Nominee Director | 31 May 2024 | 2 yrs 5 mo | Kanji Forex Private Limited |
| Virender Singh DIN 07344028 | Nominee Director | 31 May 2024 | 2 yrs 5 mo | Kanji Forex Private Limited |
| Amit Talwar DIN 10840558 | Director | 08 Sep 2025 | 1 yr 2 mo | Kanji Forex Private Limited |
Financials of Kanji Forex
Figures of Kanji Forex Private Limited, the primary company behind Kanji Forex, for FY 2026. Revenue was ₹17.94 Cr (-75% year on year). Net loss was -₹1.44 Cr (-53% margin). EBITDA was -₹88 Lakh (-32% margin). Revenue has grown at a compounded annual rate of -55% over three years and -7% over five years.
- ₹17.94 CrRevenue · FY 2026 · -75% YoY
- -₹1.44 CrNet loss · -53% margin
- -₹88 LakhEBITDA · -32% margin
- ₹1.83 CrPaid-up capital
- 117Employees (provident fund records)
- -55%Revenue CAGR, 3 years
- -7%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Kanji Forex Private Limited are on its company page.
Detailed financial statements for Kanji 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.
Timeline of Kanji Forex
2 dated milestones of Kanji Forex across 90 years, from founding to its latest funding, stage changes and deals.
- Founded Kanji Forex is founded.
- Exit Acquired by Niyo.
Web traffic of Kanji Forex
The website of Kanji Forex (kanji.in) receives about 1.3K visits a month.
- Monthly visits1.3K
▼ 56.4% vs previous month
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Kanji Forex (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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
Related news about Kanji Forex
Complete news archive for Kanji Forex
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Kanji Forex
Kanji Forex was founded in 1935.
Kanji Forex is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
Kanji Forex has 31 employees.
The primary company behind Kanji Forex, Kanji Forex Private Limited, reported revenue of ₹17.94 Cr for FY 2026, down 75% year on year.
Kanji Forex operates as a financial services provider in India, specializing in money changing and remittance. They facilitate buying and selling of major currencies at competitive rates, along with doorstep delivery options. Under the Reserve Bank of Indias AD II Licence, they enable funds transfer abroad for approved purposes. The company has branches in Mumbai and Pune, serving individuals needing currency solutions.
Kanji Forex offers Money Changing Service, Remittance Service, and Doorstep Service.
Kanji Forex has 1 investor. Key investors include Niyo.
Kanji Forex is associated with 2 legal entities: Kanji Forex Private Limited, Kanji Pitamber Forex Private Limited.
Yes. Kanji Forex was acquired by Niyo in August 2025.
The legal entities of Kanji Forex currently have 5 directors, including Gautam Rasiklal Ashra, Mamta Gautam Ashra, Amit Talwar and others.