About Buyforex India Limited
Data last updated: 07 December 2025
Buyforex India Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Ebixcash World Money Ltd.. It specialises in forex services, a part of the broader financial services sector. Incorporated on 29 February 2016, the company has been in operation for over 10 years.
Registered with ROC Mumbai under CIN U74999MH2016PLC273638.
Capital: an authorised share capital of ₹2 Cr and a paid-up capital of ₹2 Cr. It is led by directors including Hariprasad Meenoth Panichikkil and Guruprasad Tiruvanamalai Chandrashekaran.
Last AGM: 17 July 2025. Financial statements filed for year ended 31 March 2025. Office: 8Th Floor Manek Plaza Kalina Cst Road Kolekalyan Santacruz (E), Mumbai, Maharashtra, India – 400098.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.82 Cr, reflecting significant growth compared to the previous year.
The company has a workforce of approximately 1 employees as per the latest available data. It operates as a subsidiary of Ebixcash World Money Ltd..
The company is associated with 1 brand - Buyforex.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website buyforex.com.
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Registered Address8Th Floor Manek Plaza Kalina Cst Road Kolekalyan Santacruz (E), Mumbai, Maharashtra, India – 400098
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IndustryFinancial Services, Forex Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Buyforex India Limited
Buyforex India Limited operates one associated brand: BuyForex. These brands represent Buyforex India Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Foreign currency is bought and sold via an online platform. | buyforex.com |
Competitors & Alternatives of Buyforex India Limited
Brands and companies operating in the same space as Buyforex India Limited include Azimo, Euronet Worldwide, NALA and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Azimo
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Cross-border money transfers are enabled via a digital banking channel. | London, United Kingdom, United Kingdom | 2012 |
Euronet Worldwide
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Electronic payments and transaction processing solutions are offered globally. | Leawood, United States, United States | 1994 |
NALA
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Cross-border remittances are enabled online for individuals worldwide. | Nairobi, Kenya, Kenya | 2017 |
BookMyForex
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Online foreign exchange and remittance services are facilitated in India. | Gurugram, India, India | 2011 |
Remitly
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Cross-border money transfers are facilitated via banking networks. | Seattle, United States, United States | 2011 |
Xoom
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Cross-border money transfers are enabled via banking channels. | San Francisco, United States, United States | 2001 |
Travel Wallet
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Mobile platform for Asian currency exchange and payments is offered. | Seoul, South Korea, South Korea | 2018 |
LMAX Exchange
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Forex trading services are provided via an electronic exchange platform. | London, United Kingdom, United Kingdom | 2007 |
OFX
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International money transfer service provider. | Sydney, Australia, Australia | 1998 |
Business Activity of Buyforex India Limited
Buyforex India Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details for Buyforex India Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Buyforex India Limited
Buyforex India Limited is audited by K. G. Somani & Co.LLP for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K. G. Somani & Co.LLP | Locked | Locked | Locked |
Complete auditor history for Buyforex India Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Buyforex India Limited
Buyforex India Limited is currently managed by 3 directors, with 11 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Hariprasad Meenoth Panichikkil
Also directs:
Delphi World Money Limited, Ebix Money Express Private Limited, Ebixcash World Money Global Ifsc Private Limited and 1 more
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Director | 17 Oct 2024 | 1 Years 10 Months | Current |
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Guruprasad Tiruvanamalai Chandrashekaran
Also directs:
Delphi World Money Limited, Ebix Money Express Private Limited, Ebixcash World Money Global Ifsc Private Limited and 3 more
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Director | 29 Feb 2016 | 10 Years 5 Months | Current |
| Pravin Madhukar Patil | Director | 17 Oct 2024 | 1 Years 10 Months | Current |
Financials of Buyforex India Limited FY 2025 filings available
Buyforex India Limited reported revenue of ₹4.82 Cr (up 163.00% YoY) for FY 2025.
Ten-year financial statements for Buyforex India Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Buyforex India Limited
Shareholding and ownership data for Buyforex India Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
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Charges & Borrowings Buyforex India Limited
Buyforex India Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Buyforex India Limited
Buyforex India Limited has a workforce of 1 employees as of Apr 09, 2024.
Employee and EPFO history for Buyforex India Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Buyforex India Limited
GST registrations and filing compliance for Buyforex India Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Buyforex India Limited
Credit ratings, litigation, and regulatory alerts for Buyforex India Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Buyforex India Limited
MSME payment history for Buyforex India Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Buyforex India Limited
Corporate group structure for Buyforex India Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Buyforex India Limited
MCA filings and documents for Buyforex India Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Buyforex India Limited
Recent News on Buyforex India Limited
Frequently Asked Questions about Buyforex India Limited
Buyforex India Limited is an active public limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 29 February 2016 (10+ years old) and is registered under CIN U74999MH2016PLC273638. The company has 1 employees.
Buyforex India Limited reported revenue of ₹4.82 Cr for FY 2025 (up 163.00% YoY).
The current directors of Buyforex India Limited are:
- Hariprasad Meenoth Panichikkil - Director
- Guruprasad Tiruvanamalai Chandrashekaran - Director
- Pravin Madhukar Patil - Director
The primary industry of Buyforex India Limited is financial services. The company specifically operates in forex services. The company is currently active in this sector.
Buyforex India Limited can be reached at the registered office: 8Th Floor Manek Plaza Kalina Cst Road Kolekalyan Santacruz E, Mumbai, Maharashtra, India – 400098, or through the website buyforex.com.
The authorised capital is ₹2 Cr, and the paid-up capital is ₹2 Cr.