About Nafex
Nafex is a Financial Services company based in Bengaluru (India) founded in 2014. It operates as a currency exchange and Forex services are offered through an online marketplace in India. The company has 8 employees. Its Indian entity Nafex Bureau Private Limited reported revenue of ₹30.1 Lakh. Nafex offers products and services including Currency Exchange and Forex Cards. Its focus areas include Finance, Currency Exchange, Forex Services and Online Trading.
Company details
Nafex is recognized as an online Forex marketplace that connects users with RBI-approved merchants for currency exchange, Forex cards, and money transfers. Real-time bids are utilized to ensure competitive rates, and services are accessed across various Indian cities, primarily Bengaluru. Customer feedback indicates efficient delivery and prompt responses, with the platform facilitating hassle-free transactions. Regulations are adhered to, and over 100,000 users have been served, emphasizing reliability in financial services. This setup is designed to provide cost-effective solutions without promotional emphasis.
- Headquarters Bengaluru, India
- Employees 8
- SectorsFinancial Services
- Email••••••••
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- Legal Name Nafex Bureau Private Limited
- Date of Incorporation 08 Jan, 2014
- Jurisdiction Bengaluru, Karnataka, India
- Annual Revenue₹30.1 Lakh
FY 2024 · -48% YoY
- Net Profit₹27 Lakh
FY 2024 · 90% margin
- EBITDA₹27.2 Lakh
FY 2024 · 90% margin
- Employee Count8
Associated legal entities of Nafex
Nafex operates through Nafex Bureau 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 |
|---|---|---|---|---|---|---|---|
| Nafex Bureau Private Limited CIN U74900KA2014PTC072939 | Active | 08 Jan 2014 | Bengaluru, Karnataka | ₹0.3 Cr | 8 | 2 | View details |
Products & Services of Nafex
Nafex offers a comprehensive portfolio of products and services, including Currency Exchange and Forex Cards.
Exchange of foreign currencies is facilitated through an online platform connecting users with merchants.
Pre-loaded cards for international use are provided to protect against currency fluctuations.
Apps and channels of Nafex
Nafex publishes 1 mobile app with over 50 downloads.
Board of directors of Nafex Bureau Private Limited (Nafex)
Nafex Bureau Private Limited is the primary company behind Nafex. The board of Nafex Bureau Private Limited currently have 2 directors; the longest-serving is Anniesathya Kumar, appointed in 2014.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Anniesathya Kumar DIN 02001275 | Director | 08 Jan 2014 | 12 yrs 9 mo | Nafex Bureau Private Limited |
| Jeethmal Mutha DIN 01888690 | Director | 08 Jan 2014 | 12 yrs 9 mo | Nafex Bureau Private Limited |
Financials of Nafex
Figures of Nafex Bureau Private Limited, the primary company behind Nafex, for FY 2024. Revenue was ₹30.1 Lakh (-48% year on year). Net profit was ₹27 Lakh (90% margin). EBITDA was ₹27.2 Lakh (90% margin). Revenue has grown at a compounded annual rate of +70% over three years and +4% over five years.
- ₹30.1 LakhRevenue · FY 2024 · -48% YoY
- ₹27 LakhNet profit · 90% margin
- ₹27.2 LakhEBITDA · 90% margin
- ₹50 LakhPaid-up capital
- 8Employees (provident fund records)
- +70%Revenue CAGR, 3 years
- +4%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Nafex Bureau Private Limited are on its company page.
Detailed financial statements for Nafex
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Top companies in Currency Exchange Services
10 companies that operate in the same segment as Nafex (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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Related news about Nafex
Complete news archive for Nafex
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Frequently Asked Questions about Nafex
Nafex was founded in 2014.
Nafex is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Nafex has 8 employees.
The primary company behind Nafex, Nafex Bureau Private Limited, reported revenue of ₹30.1 Lakh for FY 2024, down 48% year on year.
Nafex is recognized as an online Forex marketplace that connects users with RBI-approved merchants for currency exchange, Forex cards, and money transfers. Real-time bids are utilized to ensure competitive rates, and services are accessed across various Indian cities, primarily Bengaluru. Customer feedback indicates efficient delivery and prompt responses, with the platform facilitating hassle-free transactions. Regulations are adhered to, and over 100,000 users have been served, emphasizing reliability in financial services. This setup is designed to provide cost-effective solutions without promotional emphasis.
Nafex offers Currency Exchange and Forex Cards.
Nafex operates through Nafex Bureau Private Limited.
The legal entities of Nafex currently have 2 directors, including Anniesathya Kumar, Jeethmal Mutha.
Yes. Nafex publishes Nafex FFMC, with over 50 downloads.