About Bhagat Forex Services Private Limited
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Bhagat Forex Services Private Limited is a private limited company based in Delhi, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 23 April 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U67190DL2010PTC201921.
The company has an authorised share capital of ₹6 Lakh and a paid-up capital of ₹6 Lakh. It is led by directors Kamala Bhagat and Pankaj Bhagat.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at A – 26 ( New B – 239 ) First Floor West Vinod Nagar I.P Extension Patparganj Main Mother D, Airy Road, Delhi, India – 110092.
As per the financials filed for FY 2020, the company reported a revenue of ₹8.3 Lakh, a decline of 37% compared to the previous year. For the same year it recorded a net profit of ₹3,259 (net margin 0.4%) and EBITDA of ₹84,561 (EBITDA margin 10.2%). Revenue has declined at a compounded annual rate (CAGR) of 17% over three years and 22% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bhagatsgroup.com.
Company details
Contact details
Bhagat Forex Services Private Limited's registered office is in Delhi, Delhi. Its website is bhagatsgroup.com. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressA – 26 ( New B – 239 ) First Floor West Vinod Nagar I.P Extension Patparganj Main Mother D, Airy Road, Delhi, India – 110092
- IndustryFinancial Services, Financial Activities
To see the full contact details of Bhagat Forex Services Private Limited, buy the company report.
- 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
Business activity
The main business activity of Bhagat Forex Services 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 Bhagat Forex Services Private Limited, buy the company report.
Financials of Bhagat Forex Services Private Limited
FY 2020 filings availableBhagat Forex Services Private Limited reported revenue of ₹8.3 Lakh (down 37% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 22% over five years, including a 37% fall in the latest year. EBITDA fell 57% 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 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA | ₹84,561 | ||||
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| Net Profit (PAT) | ₹3,259 | ||||
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Financial Ratios
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
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| EBITDA Margin | 10.2% | ||||
| Net Profit Margin | 0.4% | ||||
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To see the full financial statements and ratios of Bhagat Forex Services Private Limited, buy the company report.
Board of directors of Bhagat Forex Services Private Limited
Bhagat Forex Services has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kamala Bhagat | Director | 23 Apr 2010 | 16 Years 6 Months | Current |
| Pankaj Bhagat Also directs: TJ Green Energy R&D Private Limited | Director | 23 Apr 2010 | 16 Years 6 Months | Current |
Peer comparison
Bhagat Forex Services Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Forex 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 |
|---|---|---|---|---|---|---|
| Naaz Forex Services Private Limited | ₹12.12 Lakh (FY 2025) | -85.0% | Vadodara, Gujarat, India | |||
| Karkesh Forex Services Private Limited | ₹10.08 Lakh (FY 2023) | -30.0% | Thiruvarur, Tamil Nadu, India | |||
| Capital Forex Services Private Limited | ₹9.34 Lakh (FY 2025) | -88.0% | Gandhinagar, Gujarat, India | |||
| Chathamkandathil Forex Services Private Limited | ₹8.58 Lakh (FY 2025) | -45.0% | Kozhikode, Kerala, India | |||
| Bhagat Forex Services Private Limitedthis company | ₹8.3 Lakh (FY 2020) | ₹3,259 | 0.4% | -37.0% | Delhi, India | |
| Bhootnath Forex Services Private Limited | ₹3.14 Lakh (FY 2025) | 67.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Bhagat Forex Services Private Limited, buy the company report.
Auditor
Bhagat Forex Services Private Limited is audited by V K B K & COMPANY for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V K B K & COMPANY | FY 2017 | 135395W |
Shareholding
The shareholding of Bhagat Forex Services Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Bhagat Forex Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Bhagat Forex Services Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Bhagat Forex Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Bhagat Forex Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Bhagat Forex Services Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Kamala Bhagat was appointed as Director on 23 Apr 2010.
Frequently asked questions
Bhagat Forex Services is an active private limited company based in Delhi, India. The company works in financial activities, within the financial services industry. It was incorporated on 23 April 2010 (16+ years old) and is registered under CIN U67190DL2010PTC201921.
Bhagat Forex Services has 2 current directors:
- Kamala Bhagat - Director
- Pankaj Bhagat - Director
The latest financial statements of Bhagat Forex Services on record with the MCA are for the year ended 31 March 2020. Its last annual general meeting was held on 31 December 2020. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Bhagat Forex Services is U67190DL2010PTC201921. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhagat Forex Services was incorporated on 23 April 2010, making it 16+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Bhagat Forex Services by revenue are Naaz Forex Services Private Limited, Karkesh Forex Services Private Limited, Capital Forex Services Private Limited, Chathamkandathil Forex Services Private Limited, Bhootnath Forex Services Private Limited, all in the BFSI industry (Forex Services), with the same principal business activity (other financial activities).
Kamala Bhagat was appointed as Director on 23 Apr 2010. Pankaj Bhagat was appointed as Director on 23 Apr 2010.
Bhagat Forex Services can be reached through the website bhagatsgroup.com. Its registered office is in Delhi, India.
The registered office of Bhagat Forex Services is at A – 26 New B – 239 First Floor West Vinod Nagar I.P Extension Patparganj Main Mother D, Airy Road, Delhi, India – 110092.
Bhagat Forex Services operates in the financial services industry, in the financial activities segment.
The compliance status of Bhagat Forex Services is compliant as of 02 August 2026. The company is actively filing with the Registrar of Companies.