Bhairav Forex Private Limited
About Bhairav Forex Private Limited
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Bhairav Forex Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the forex services segment of the financial services sector. It was incorporated on 02 September 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2015PTC268029. Its GSTIN is 27AAGCB4168D1ZS (Maharashtra).
The company has an authorised share capital of ₹27 Lakh and a paid-up capital of ₹27 Lakh. It is led by directors Madanlal Multanmal Jain and Pankaj Madanlal Jain.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹25.57 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹5.54 Lakh (net margin 0.2%) and EBITDA of ₹8.17 Lakh (EBITDA margin 0.3%). Revenue has grown at a compounded annual rate (CAGR) of 73% over three years and 14% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Bhairav Forex Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address9 Floor – Grd Plot – 152 1 Nowroji Building Lady Jamshedji Road Citylight Cinema Ma, Him, Mumbai, Maharashtra, India – 400016
- IndustryFinancial Services, Forex Services
To see the full contact details of Bhairav Forex 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 Bhairav Forex is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Bhairav Forex Private Limited, buy the company report.
Financials of Bhairav Forex Private Limited
FY 2025 filings availableBhairav Forex Private Limited reported revenue of ₹25.57 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 8% growth in the latest year. EBITDA rose 7% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹8.17 Lakh | ||||
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| Net Profit (PAT) | ₹5.54 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 0.3% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Bhairav Forex Private Limited, buy the company report.
Board of directors of Bhairav Forex Private Limited
Bhairav Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Madanlal Multanmal Jain | Director | 02 Sep 2015 | 11 Years 2 Months | Current |
| Pankaj Madanlal Jain | Director | 02 Sep 2015 | 11 Years 2 Months | Current |
Peer comparison
Bhairav Forex Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Money Exchange Services), with the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| N.N.C. Forex Private Limited | ₹25.96 Cr (FY 2024) | -36.0% | Kolkata, West Bengal, India | |||
| Bhairav Forex Private Limitedthis company | ₹25.57 Cr (FY 2025) | ₹5.54 Lakh | 0.2% | 8.0% | Mumbai, Maharashtra, India | |
| Tyagi Forex Private Limited | ₹25.56 Cr (FY 2025) | -26.0% | New Delhi, Delhi, India | |||
| Paresh Forex Private Limited | ₹25.48 Cr (FY 2025) | -8.0% | Mumbai, Maharashtra, India | |||
| Reliable Exchange House (India) Private Limited | ₹25.43 Cr (FY 2025) | -17.0% | Kalyan, Maharashtra, India |
To see the full peer comparison of Bhairav Forex Private Limited, buy the company report.
Auditor
Bhairav Forex Private Limited is audited by M N N & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M N N & ASSOCIATES | FY 2021 | 141125W |
Shareholding
The shareholding of Bhairav Forex Private Limited is on record for 3 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Bhairav Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Bhairav Forex 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 Bhairav Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Bhairav Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCB4168D1ZS | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Bhairav Forex Private Limited, buy the company report.
Recent activity
Bhairav Forex Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Madanlal Multanmal Jain was appointed as Director on 02 Sep 2015.
Frequently asked questions
Bhairav Forex is an active private limited company based in Mumbai, Maharashtra, India. The company works in forex services, within the financial services industry. It was incorporated on 02 September 2015 (11+ years old) and is registered under CIN U74999MH2015PTC268029.
Bhairav Forex has 2 current directors:
- Madanlal Multanmal Jain - Director
- Pankaj Madanlal Jain - Director
The latest financial statements of Bhairav Forex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of Bhairav Forex is 27AAGCB4168D1ZS, registered in Maharashtra.
The CIN (Corporate Identification Number) of Bhairav Forex is U74999MH2015PTC268029. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Bhairav Forex was incorporated on 02 September 2015, making it 11+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Bhairav Forex by revenue are N.N.C. Forex Private Limited, Tyagi Forex Private Limited, Paresh Forex Private Limited, Reliable Exchange House (India) Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (activities auxiliary to financial service and insurance activities).
Madanlal Multanmal Jain was appointed as Director on 02 Sep 2015. Pankaj Madanlal Jain was appointed as Director on 02 Sep 2015.
The registered office of Bhairav Forex is at 9 Floor – Grd Plot – 152 1 Nowroji Building Lady Jamshedji Road Citylight Cinema Ma, Him, Mumbai, Maharashtra, India – 400016.
Bhairav Forex operates in the financial services industry, in the forex services segment.
The compliance status of Bhairav Forex is compliant as of 20 July 2026. The company is actively filing with the Registrar of Companies.
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