About Prime Forex
Prime Forex is a Financial Services company based in India. Foreign exchange and remittance services in Chennai. The company has 20 employees. Its Indian entity Prime Forex Private Limited reported revenue of ₹1.95 Cr. Prime Forex offers products and services including Forex Exchange and Remittance Services. Its focus areas include Finance, Remittance Services, Money Transfer and International Transfers.
Company details
Prime Forex is recognized as a private limited company that was incorporated in 2006 and licensed by the Reserve Bank of India for currency exchange operations. Services such as buying and selling foreign currencies, remittances, and forex cards are offered at locations including Chennai Airport and T.Nagar. Operations are conducted on a 365-day basis with extended hours to facilitate customer needs, ensuring compliance with regulations like GST and TCS. Client feedback highlights efficient and transparent processes in handling transactions.
- Headquarters India
- Employees 20
- SectorsFinancial Services
- Phone•••• ••••
- Social LinkedIn X Facebook
- Legal Name Prime Forex Private Limited
- Date of Incorporation 22 Aug, 2006
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹1.95 Cr
FY 2024 · +36% YoY
- Net Profit₹15.8 Lakh
FY 2024 · 8% margin
- EBITDA₹32.9 Lakh
FY 2024 · 17% margin
- Employee Count20
Associated legal entities of Prime Forex
Prime Forex operates through Prime Forex 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 |
|---|---|---|---|---|---|---|---|
| Prime Forex Private Limited CIN U65921TN2006PTC060958 | Active | 22 Aug 2006 | Chennai, Tamil Nadu | ₹2.0 Cr | 29 | 3 | View details |
Products & Services of Prime Forex
Prime Forex offers a comprehensive portfolio of products and services, including Forex Exchange and Remittance Services.
Foreign currencies are exchanged for travel and business purposes at competitive rates
Funds are transferred overseas for individuals and businesses
Board of directors of Prime Forex Private Limited (Prime Forex)
Prime Forex Private Limited is the primary company behind Prime Forex. The board of Prime Forex Private Limited currently have 3 directors; the longest-serving is Loganathan Kandasamy Arun, appointed in 2006. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Loganathan Kandasamy Arun DIN 00576299 | Managing Director | 22 Aug 2006 | 20 yrs 2 mo | Prime Forex Private Limited |
| Geetha Arun DIN 02624984 | Director | 30 Mar 2012 | 14 yrs 6 mo | Prime Forex Private Limited |
| Ramaiah Alagappan DIN 03407112 | Director | 27 Nov 2014 | 11 yrs 10 mo | Prime Forex Private Limited |
Financials of Prime Forex
Figures of Prime Forex Private Limited, the primary company behind Prime Forex, for FY 2024. Revenue was ₹1.95 Cr (+36% year on year). Net profit was ₹15.8 Lakh (8% margin). EBITDA was ₹32.9 Lakh (17% margin). Revenue has grown at a compounded annual rate of +60% over three years and +15% over five years.
- ₹1.95 CrRevenue · FY 2024 · +36% YoY
- ₹15.8 LakhNet profit · 8% margin
- ₹32.9 LakhEBITDA · 17% margin
- ₹1.25 CrPaid-up capital
- 29Employees (provident fund records)
- +60%Revenue CAGR, 3 years
- +15%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Prime Forex Private Limited are on its company page.
Detailed financial statements for Prime 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.
Web traffic of Prime Forex
Websites that share an audience with Prime Forex (primeforex.in).
Websites whose visitors overlap most with Prime Forex. Affinity shows how closely the audiences match.
| Website | Domain | Audience affinity | Monthly visits | Global rank | Profile |
|---|---|---|---|---|---|
| prithvifx.com | 31% | 4.5K | #1,773,069 | View details |
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Prime 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 |
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Frequently Asked Questions about Prime Forex
Prime Forex is headquartered in India.
Prime Forex has 20 employees.
The primary company behind Prime Forex, Prime Forex Private Limited, reported revenue of ₹1.95 Cr for FY 2024, up 36% year on year.
Prime Forex is recognized as a private limited company that was incorporated in 2006 and licensed by the Reserve Bank of India for currency exchange operations. Services such as buying and selling foreign currencies, remittances, and forex cards are offered at locations including Chennai Airport and T.Nagar. Operations are conducted on a 365-day basis with extended hours to facilitate customer needs, ensuring compliance with regulations like GST and TCS. Client feedback highlights efficient and transparent processes in handling transactions.
Prime Forex offers Forex Exchange and Remittance Services.
Prime Forex operates through Prime Forex Private Limited.
The legal entities of Prime Forex currently have 3 directors, including Ramaiah Alagappan, Loganathan Kandasamy Arun, Geetha Arun.