MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-KL-02-0022235
Balsan World Forex Private Limited
Balsan World Forex Private Limited - financial services in Kochi, Kerala, India. FY 2026 financials & compliance.
Revenue · FY 2022
₹4.31 Cr
▼ 2% YoY
Net profit · FY 2022
₹28,393
Net margin 0.1%
EBITDA · FY 2022
₹9.71 Lakh
EBITDA margin 2.3%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹35 Lakh
Issued & subscribed
Open charges
₹60 Lakh
Secured borrowings
Company age
15 yrs
Est. 2011
Directors on board
4
As per MCA filings
About Balsan World Forex Private Limited
Data last updated:
Balsan World Forex Private Limited is a private limited company based in Kochi, Kerala, India. It operates in the forex services segment of the financial services sector. It was incorporated on 26 March 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U67190KL2011PTC028033. Its GSTIN is 32AAECB5093K1ZM (Kerala).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹35 Lakh. It is led by directors including Balraj Sasidharan Pillai (Managing Director) and Fiyas.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office is at Konnullil Building Door No:58/2795 B2 Thevara P O, Kochi, Kerala, India – 682013.
As per the financials filed for FY 2022, the company reported a revenue of ₹4.31 Cr, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹28,393 (net margin 0.1%) and EBITDA of ₹9.71 Lakh (EBITDA margin 2.3%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years and 27% over five years.
As per MCA filings, the company has open charges of ₹60 Lakh on record. Court records list 4 cases involving the company, including 4 filed against it; 3 cases are pending.
Balsan World Forex Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KL-02-0022235). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U67190KL2011PTC028033
Registration Number 028033
Incorporation Date 26 March 2011
ROC Ernakulam
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2022
Date of Balance Sheet 31 March 2022
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-KL-02-0022235
Key People
Balraj Sasidharan Pillai Managing Director Fiyas Director Janardhanan Sasidharan Pillai Director Recognitions & Rankings of Balsan World Forex
Contact details
Balsan World Forex Private Limited's registered office is in Kochi, Kerala. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressKonnullil Building Door No:58/2795 B2 Thevara P O, Kochi, Kerala, India – 682013
- IndustryFinancial Services, Forex Services
To see the full contact details of Balsan World Forex Private Limited, buy the company report.
Comprehensive company report
Balsan World Forex Private Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
The main business activity of Balsan World Forex is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Balsan World Forex Private Limited, buy the company report.
Financials of Balsan World Forex Private Limited
FY 2022 filings availableBalsan World Forex Private Limited reported revenue of ₹4.31 Cr (down 2% YoY) for FY 2022.
Revenue · FY 2022
₹4.31 Cr ▼ 2%
Net profit · FY 2022
₹28,393 margin 0.1%
EBITDA · FY 2022
₹9.71 Lakh margin 2.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 2%
3 years · compounded
▼ 35%
5 years · compounded
▼ 27%
EBITDA CAGR growth
1 year
▲ 316%
3 years · compounded
▼ 15%
5 years · compounded
▲ 1%
Revenue has declined at a compounded annual rate (CAGR) of 27% over five years, including a 2% fall in the latest year. EBITDA rose 316% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹4.31 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹9.71 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹28,393 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
| Trade Payables | |||||
| Total Liabilities | |||||
| Fixed Assets | |||||
| Investments | |||||
| Inventories | |||||
| Trade Receivables | |||||
| Cash and Bank Balance | |||||
| Total Assets | |||||
Financial Ratios
| Metrics | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.3% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
| Current Ratio | |||||
| Quick Ratio | |||||
| Debt-to-Equity Ratio | |||||
| Interest Coverage Ratio | |||||
| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Balsan World Forex Private Limited, buy the company report.
Board of directors of Balsan World Forex Private Limited
Balsan World Forex has 4 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Fiyas | Director | 23 Jun 2023 | 3 Years 4 Months | Current |
| Janardhanan Sasidharan Pillai | Director | 26 Mar 2011 | 15 Years 7 Months | Current |
| Sandhya Soman Nair Also directs: Faremax Forex Private Limited | Director | 10 Dec 2011 | 14 Years 10 Months | Current |
| Balraj Sasidharan Pillai Also directs: DMC Asiana Pacific Travel Private Limited | Managing Director | 26 Mar 2011 | 15 Years 7 Months | Current |
Peer comparison
Balsan World Forex Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kottayam Forex Services Private Limited | ₹4.42 Cr (FY 2025) | -16.0% | Kottayam, Kerala, India | |||
| M I & M Travel and Forex Private Limited | ₹4.39 Cr (FY 2024) | 74.0% | Bangalore, Karnataka, India | |||
| Travolic Forex Private Limited | ₹4.32 Cr (FY 2025) | -82.0% | Delhi, India | |||
| Balsan World Forex Private Limitedthis company | ₹4.31 Cr (FY 2022) | ₹28,393 | 0.1% | -2.0% | Kochi, Kerala, India | |
| Kushinagar Forex India Private Limited | ₹4.25 Cr (FY 2020) | 265.0% | Gorakhpur, Uttar Pradesh, India | |||
| Brilliant Money Changer Private Limited | ₹4.19 Cr (FY 2024) | 122.0% | Chennai, Tamil Nadu, India | |||
| Swamy Money Changer Private Limited | ₹4.18 Cr (FY 2025) | -49.0% | Vellur, Tamil Nadu, India |
To see the full peer comparison of Balsan World Forex Private Limited, buy the company report.
Auditor
Balsan World Forex Private Limited is audited by BOBY FRANCIS & PRADEEP for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| BOBY FRANCIS & PRADEEP | FY 2019 | 006333S |
Shareholding
The shareholding of Balsan World Forex Private Limited is on record for 4 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Balsan World Forex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹60 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jun 2015 | 10627061 | Yes Bank Limited | ₹60 Lakh | Open |
To see the full charge records of Balsan World Forex Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Balsan World Forex Private Limited has 4 court cases on record: 4 filed against it. 3 cases are pending and 1 is disposed.
Total cases
4
Filed against the company
4
Pending
3
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 4 | 3 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Execution petition | Filed against the company by an individual | Pending |
| District court, Ernakulam, Kerala | Criminal case | Filed against the company by an individual | Pending |
| District court, Ernakulam, Kerala | Criminal case | Filed against the company by an individual | Pending |
| District court, Ernakulam, Kerala | Civil suit | Filed against the company by individuals | Disposed |
To see the full case history of Balsan World Forex Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Balsan World Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Balsan World Forex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AAECB5093K1ZM | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Balsan World Forex Private Limited, buy the company report.
Recent activity
Balsan World Forex Private Limited has 4 board changes on record since 2011: 4 appointments. The latest: Fiyas was appointed as Director on 23 Jun 2023.
Appointed
Fiyas was appointed as Director.
AGM
Balsan World Forex Private Limited last Annual general meeting of members was held on 30 Sep 2022 as per latest MCA records.
Filing
Balsan World Forex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2022 with Roc Ernakulam.
Charges
A charge with Yes Bank Limited of Rs. 60.00 Lakh registered on 08 Jun 2015 with Charge ID 10627061 was modified on 01 Jul 2020.
Charges
A charge with Yes Bank Limited amounted to Rs. 60.00 Lakh with Charge ID 10627061 was registered on 08 Jun 2015.
Appointed
Sandhya Soman Nair was appointed as Director.
Appointed
Balraj Sasidharan Pillai was appointed as Managing Director.
Appointed
Janardhanan Sasidharan Pillai was appointed as Director.
Incorporation
26 Mar 2011
Balsan World Forex Private Limited was registered on 26 Mar 2011 with Roc Ernakulam & aged 15 years 7 months as per MCA records.
Frequently asked questions
Balsan World Forex is an active private limited company based in Kochi, Kerala, India. The company works in forex services, within the financial services industry. It was incorporated on 26 March 2011 (15+ years old) and is registered under CIN U67190KL2011PTC028033.
Balsan World Forex has 4 current directors:
- Balraj Sasidharan Pillai - Managing Director
- Fiyas - Director
- Janardhanan Sasidharan Pillai - Director
- Sandhya Soman Nair - Director
The latest financial statements of Balsan World Forex on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Balsan World Forex is 32AAECB5093K1ZM, registered in Kerala.
The CIN (Corporate Identification Number) of Balsan World Forex is U67190KL2011PTC028033. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Balsan World Forex has 4 court cases on record: 4 filed against it. 3 are pending.
Balsan World Forex was incorporated on 26 March 2011, making it 15+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Balsan World Forex by revenue are Kottayam Forex Services Private Limited, M I & M Travel and Forex Private Limited, Travolic Forex Private Limited, Kushinagar Forex India Private Limited, Brilliant Money Changer Private Limited and 1 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Fiyas was appointed as Director on 23 Jun 2023. Sandhya Soman Nair was appointed as Director on 10 Dec 2011. Balraj Sasidharan Pillai was appointed as Managing Director on 26 Mar 2011. Balsan World Forex has 4 board changes on record in total.
Yes, Balsan World Forex is registered as a micro enterprise under Udyam registration (number: UDYAM-KL-02-0022235).
The registered office of Balsan World Forex is at Konnullil Building Door No:582795 B2 Thevara P O, Kochi, Kerala, India – 682013.
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