About Coinex Forex Services Private Limited
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Coinex Forex Services 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 01 May 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74900TN2009PTC071503. Its GSTIN is 33AADCC6460G1ZW (Tamil Nadu).
The company has an authorised share capital of ₹51 Lakh and a paid-up capital of ₹51 Lakh. It is led by directors including Gajendran Raju and Gajendran Sathish.
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.26 G.S.T. Road Pallavaram, Chennai, Tamil Nadu, India – 600043.
As per the financials filed for FY 2025, the company reported a revenue of ₹28.83 Lakh, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹26,000 (net margin 0.9%) and EBITDA of ₹67,000 (EBITDA margin 2.3%). Revenue has grown at a compounded annual rate (CAGR) of 26% over three years and 11% 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 coinexforex.com.
Company details
Contact details
Coinex Forex Services Private Limited's registered office is in Chennai, Tamil Nadu. Its website is coinexforex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressNo.26 G.S.T. Road Pallavaram, Chennai, Tamil Nadu, India – 600043
- IndustryFinancial Services, Forex Services
To see the full contact details of Coinex 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 Coinex 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 Coinex Forex Services Private Limited, buy the company report.
Financials of Coinex Forex Services Private Limited
FY 2025 filings availableCoinex Forex Services Private Limited reported revenue of ₹28.83 Lakh (down 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 25% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 11%. EBITDA fell 45% 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 | ₹67,000 | ||||
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| Net Profit (PAT) | ₹26,000 | ||||
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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 | 2.3% | ||||
| Net Profit Margin | 0.9% | ||||
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To see the full financial statements and ratios of Coinex Forex Services Private Limited, buy the company report.
Board of directors of Coinex Forex Services Private Limited
Coinex Forex Services has 4 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gajendran Raju | Director | 01 May 2009 | 17 Years 5 Months | Current |
| Gajendran Sathish | Director | 09 Dec 2011 | 14 Years 10 Months | Current |
| Ashokkumar | Director | 01 May 2009 | 17 Years 5 Months | Current |
| Kuppan Vinod Kumar | Director | 25 Nov 2019 | 6 Years 11 Months | Current |
Peer comparison
Coinex Forex Services Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Forex Services, 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 |
|---|---|---|---|---|---|---|
| Blue Sky Money Changer Private Limited | ₹30.43 Lakh (FY 2025) | 36.0% | Tiruchirappalli, Tamil Nadu, India | |||
| Nafex Bureau Private Limited | ₹30.12 Lakh (FY 2024) | -48.0% | Bengaluru, Karnataka, India | |||
| Hiwi Forex Transaction Services Private Limited | ₹28.83 Lakh (FY 2025) | 13.0% | Mumbai, Maharashtra, India | |||
| Coinex Forex Services Private Limitedthis company | ₹28.83 Lakh (FY 2025) | ₹26,000 | 0.9% | -25.0% | Chennai, Tamil Nadu, India | |
| Alps Forex & Travels Private Limited | ₹28.52 Lakh (FY 2021) | -95.0% | Kolkata, West Bengal, India | |||
| Gogri Forex Private Limited | ₹28.42 Lakh (FY 2019) | -21.0% | Mumbai, Maharashtra, India | |||
| NR Forex Services Private Limited | ₹28.07 Lakh (FY 2025) | -5.0% | Vadodara, Gujarat, India |
To see the full peer comparison of Coinex Forex Services Private Limited, buy the company report.
Auditor
Coinex Forex Services Private Limited is audited by P.T.PONNAIAH AND CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.T.PONNAIAH AND CO | FY 2023 | 002669S |
Shareholding
The shareholding of Coinex Forex Services Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Coinex Forex Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Coinex 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 Coinex Forex Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Coinex Forex Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCC6460G1ZW | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Coinex Forex Services Private Limited, buy the company report.
Recent activity
Coinex Forex Services Private Limited has 4 board changes on record since 2009: 4 appointments. The latest: Kuppan Vinod Kumar was appointed as Director on 25 Nov 2019.
Frequently asked questions
Coinex Forex Services 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 01 May 2009 (17+ years old) and is registered under CIN U74900TN2009PTC071503.
Coinex Forex Services has 4 current directors:
- Gajendran Raju - Director
- Gajendran Sathish - Director
- Ashokkumar - Director
- Kuppan Vinod Kumar - Director
The latest financial statements of Coinex Forex Services 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 2015 are in the company report.
The GSTIN of Coinex Forex Services is 33AADCC6460G1ZW, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Coinex Forex Services is U74900TN2009PTC071503. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Coinex Forex Services was incorporated on 01 May 2009, making it 17+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Coinex Forex Services by revenue are Blue Sky Money Changer Private Limited, Nafex Bureau Private Limited, Hiwi Forex Transaction Services Private Limited, Alps Forex & Travels Private Limited, Gogri Forex Private Limited and 1 more, all in the BFSI industry (Forex Services, Money Exchange Services), with the same principal business activity (other financial activities).
Kuppan Vinod Kumar was appointed as Director on 25 Nov 2019. Gajendran Sathish was appointed as Director on 09 Dec 2011. Ashokkumar was appointed as Director on 01 May 2009. Coinex Forex Services has 4 board changes on record in total.
Coinex Forex Services can be reached through the website coinexforex.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Coinex Forex Services is at No.26 G.S.T. Road Pallavaram, Chennai, Tamil Nadu, India – 600043.
Coinex Forex Services operates in the financial services industry, in the forex services segment.
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