MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-02-0075777
BNN Forex Private Limited - financial services in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹61.14 Cr
▼ 31% YoY
Net loss · FY 2025
₹7.29 Lakh
Net margin -0.1%
EBITDA · FY 2025
-₹2.93 Lakh
EBITDA margin 0%
Authorised capital
₹66 Lakh
Registered with MCA
Paid-up capital
₹66 Lakh
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About BNN Forex Private Limited
Data last updated:
BNN Forex Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the forex services segment of the financial services sector. It was incorporated on 14 December 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U93090TN2016PTC113710. Its GSTIN is 33AAGCB9914M1ZC (Tamil Nadu).
The company has an authorised share capital of ₹66 Lakh and a paid-up capital of ₹66 Lakh. It is led by directors Veeraragavan Balaji and Vijayakumar Manjula.
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 No.52 Medavakkam Main Road Puluthivakkam, Chennai, Tamil Nadu, India – 600091.
As per the financials filed for FY 2025, the company reported a revenue of ₹61.14 Cr, a decline of 31% compared to the previous year. For the same year it recorded a net loss of ₹7.29 Lakh (net margin -0.1%) and EBITDA of -₹2.93 Lakh (EBITDA margin 0%). Revenue has grown at a compounded annual rate (CAGR) of 86% over three years and 23% over five years.
BNN Forex Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0075777). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website bnnforex.com.
Company Details of BNN Forex Private Limited
CIN U93090TN2016PTC113710
Registration Number 113710
Incorporation Date 14 December 2016
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-02-0075777
Recognitions & Rankings of BNN Forex
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered AddressNo.52 Medavakkam Main Road Puluthivakkam, Chennai, Tamil Nadu, India – 600091
- IndustryFinancial Services, Forex Services
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Business Activity of BNN Forex Private Limited
The main business activity of BNN Forex is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of BNN Forex Private Limited FY 2025 filings available
BNN Forex Private Limited reported revenue of ₹61.14 Cr (down 31% YoY) for FY 2025.
Revenue · FY 2025
₹61.14 Cr ▼ 31%
Net loss · FY 2025
₹7.29 Lakh margin -0.1%
EBITDA · FY 2025
-₹2.93 Lakh margin 0%
Compounded Annual Growth Rate (CAGR) of BNN Forex Private Limited
Revenue CAGR growth
1 year
▼ 31%
3 years · compounded
▲ 86%
5 years · compounded
▲ 23%
EBITDA CAGR growth
1 year
▼ 124%
3 years · compounded
▼ 13%
5 years · compounded
▼ 32%
Revenue fell 31% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 23%. EBITDA fell 124% 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 of BNN Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | -₹2.93 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹7.29 Lakh | •••• | •••• | •••• | •••• |
| 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 of BNN Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of BNN Forex are in the company report.
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Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
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Board of Directors of BNN Forex Private Limited
BNN Forex has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Veeraragavan Balaji Also directs: Fxremit Solutions Private Limited | Director | 14 Dec 2016 | 9 Years 10 Months | Current |
| Vijayakumar Manjula | Director | 14 Dec 2016 | 9 Years 10 Months | Current |
Peer Comparison of BNN Forex Private Limited
BNN Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| LKN Forex Private Limited | ₹63.89 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Lucknow, Uttar Pradesh, India |
| Dhoshi Forex Private Limited | ₹62.83 Cr (FY 2024) | •••• | •••• | 73.0% | •••• | Chennai, Tamil Nadu, India |
| Paradise Money Changer Private Limited | ₹62.73 Cr (FY 2024) | •••• | •••• | 281.0% | •••• | Madurai, Tamil Nadu, India |
| Nishi Forex and Leisure Private Limited | ₹61.87 Cr (FY 2023) | •••• | •••• | -31.0% | •••• | Bangalore, Karnataka, India |
| Singeswar Forex Private Limited | ₹61.36 Cr (FY 2025) | •••• | •••• | 2.0% | •••• | Delhi, India |
| BNN Forex Private Limited this company | ₹61.14 Cr (FY 2025) | •••• | •••• | -31.0% | •••• | Chennai, Tamil Nadu, India |
| Tei Forex Private Limited | ₹60.95 Cr (FY 2019) | •••• | •••• | 69.0% | •••• | Bangalore, Karnataka, India |
| Crossworld Forex Private Limited | ₹60.67 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Thane, Maharashtra, India |
| Al Ansari Forex and Financial Services Private Limited | ₹59.71 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Mumbai, Maharashtra, India |
| Go Forex Private Limited | ₹59.02 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Gurgaon, Haryana, India |
| Azzure Forex and Travels Private Limited | ₹58.69 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below BNN Forex by revenue in the BFSI industry (Money Exchange Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of BNN Forex Private Limited
BNN Forex Private Limited is audited by RAGHAVAN & MURALIDHARAN for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAGHAVAN & MURALIDHARAN | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of BNN Forex Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of BNN Forex Private Limited
BNN Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at BNN Forex Private Limited
Employment history and EPFO contributions of people linked to BNN Forex.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on BNN Forex Private Limited
BNN Forex Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Veeraragavan Balaji was appointed as Director on 14 Dec 2016.
AGM
Bnn Forex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Bnn Forex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Appointed
Veeraragavan Balaji was appointed as Director.
Appointed
Vijayakumar Manjula was appointed as Director.
Incorporation
14 Dec 2016
Bnn Forex Private Limited was registered on 14 Dec 2016 with Roc Chennai & aged 9 years 10 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for BNN Forex Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by BNN Forex Private Limited
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Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of BNN Forex Private Limited
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Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of BNN Forex Private Limited
BNN Forex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCB9914M1ZC | Tamil Nadu | Active | 01 Jul 2017 |
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MCA Filings & Documents of BNN Forex Private Limited
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Frequently Asked Questions about BNN Forex Private Limited
BNN Forex is an active private limited company based in Chennai, Tamil Nadu, India. The company works in forex services, within the financial services industry. It was incorporated on 14 December 2016 (10+ years old) and is registered under CIN U93090TN2016PTC113710.
BNN Forex reported revenue of ₹61.14 Cr for FY 2025 (down 31% YoY).
BNN Forex has 2 current directors:
- Veeraragavan Balaji - Director
- Vijayakumar Manjula - Director
BNN Forex reported a net loss of ₹7.29 Lakh (net margin -0.1%) and EBITDA of -₹2.93 Lakh (EBITDA margin 0%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of BNN Forex is 86% over three years and 23% over five years. In the latest year (FY 2025) revenue fell 31%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of BNN Forex is 33AAGCB9914M1ZC, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of BNN Forex is U93090TN2016PTC113710. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
BNN Forex was incorporated on 14 December 2016, making it 10+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of BNN Forex by revenue are LKN Forex Private Limited, Dhoshi Forex Private Limited, Paradise Money Changer Private Limited, Nishi Forex and Leisure Private Limited, Singeswar Forex Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Veeraragavan Balaji was appointed as Director on 14 Dec 2016. Vijayakumar Manjula was appointed as Director on 14 Dec 2016.
Yes, BNN Forex is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-02-0075777).