Competent Forex Services Private Limited
About Competent Forex Services Private Limited
Data last updated:
Competent Forex Services Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the forex services segment of the financial services sector. It was incorporated on 25 June 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U67190DL2006PTC150150. Its GSTIN is 07AACCC8739P1ZZ (Delhi).
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹51 Lakh. It is led by directors Arun Chawla and Yogesh Dutt.
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 Office No. 220 First Floor Cycle Market – 1 Jhandewalan Extn., New Delhi, Delhi, India – 110055.
As per the financials filed for FY 2024, the company reported a revenue of ₹31.26 Cr, a growth of 28% compared to the previous year. For the same year it recorded a net profit of ₹13.16 Lakh (net margin 0.4%) and EBITDA of ₹18.15 Lakh (EBITDA margin 0.6%). Revenue has grown at a compounded annual rate (CAGR) of 184% over three years and 6% over five years.
As per MCA filings, the company has open charges of ₹75 Lakh and satisfied charges of ₹40 Lakh on record. Court records list 4 cases involving the company, including 3 filed by the company and 1 filed against it.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressOffice No. 220 First Floor Cycle Market – 1 Jhandewalan Extn., New Delhi, Delhi, India – 110055
- IndustryFinancial Services, Forex Services
- 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
- One PDF report, delivered after checkout
Business Activity of Competent Forex Services Private Limited
The main business activity of Competent Forex Services 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 |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Competent Forex Services Private Limited FY 2025 filings available
Competent Forex Services Private Limited reported revenue of ₹31.26 Cr (up 28% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Competent Forex Services Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 6% over five years, including 28% growth in the latest year. EBITDA rose 11% 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 Competent Forex Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹18.15 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹13.16 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 Competent Forex Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.4% | •••• | •••• | •••• | •••• |
| 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 Competent Forex Services are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Competent Forex Services Private Limited
Competent Forex Services Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Forex Services, 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 |
|---|---|---|---|---|---|---|
| Gravity Forex and Travels Private Limited | ₹32.4 Cr (FY 2025) | •••• | •••• | -33.0% | •••• | Kolkata, West Bengal, India |
| Arihant Forex Private Limited | ₹32.19 Cr (FY 2025) | •••• | •••• | -62.0% | •••• | Punjab, India |
| Xenia Forex Private Limited | ₹31.88 Cr (FY 2023) | •••• | •••• | 1393.0% | •••• | Chennai, Tamil Nadu, India |
| Ojha Forex and Travels Private Limited | ₹31.76 Cr (FY 2024) | •••• | •••• | -7.0% | •••• | Kolkata, West Bengal, India |
| Ankit Forex Private Limited | ₹31.28 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Jaipur, Rajasthan, India |
| Competent Forex Services Private Limited this company | ₹31.26 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | New Delhi, Delhi, India |
| Alfe Sani Forex Private Limited | ₹31.26 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Kolkata, West Bengal, India |
| Purva (India) Forex Services Private Limited | ₹31.21 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Indore, Madhya Pradesh, India |
| Maharani Forex Private Limited | ₹31.2 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | New Delhi, Delhi, India |
| Vimal Forex India Private Limited | ₹31.04 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Bangalore, Karnataka, India |
| Destiny Forex Private Limited | ₹30.93 Cr (FY 2019) | •••• | •••• | 117.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Competent Forex Services by revenue in the BFSI industry (Forex Services, 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 Competent Forex Services Private Limited
Competent Forex Services Private Limited is audited by BATRA DEEPAK & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BATRA DEEPAK & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Competent Forex Services Private Limited
Competent Forex Services has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arun Chawla | Director | 25 Jun 2006 | 20 Years 3 Months | Current |
| Yogesh Dutt | Director | 25 Jun 2006 | 20 Years 3 Months | Current |
Ownership and Shareholding of Competent Forex Services Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Competent Forex Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 27 Mar 2024 | Others | ₹50 Lakh | Open |
| 25 Jun 2013 | Icici Bank Limited | ₹25 Lakh | Open |
| 20 Feb 2007 | The Federal Bank Ltd | ₹40 Lakh | Satisfied |
Total charge records: 3 View all charges
Legal Cases of Competent Forex Services Private Limited
Competent Forex Services Private Limited has 4 court cases on record: 3 filed by Competent Forex Services, 1 filed against it. All cases are disposed. Status as checked between 02 Oct 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 3 | 0 | 0 |
| High courts | 1 | 1 | 0 |
Cases on record (3 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Jagdamba Tour Trek Private Limited | Disposed |
| District court, South, Delhi | Civil suit | Filed by the company against Holidays Private Limited | Disposed |
| High Court of Delhi | Court case (CRL.M.C.) | Filed against the company by an individual | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Competent Forex Services Private Limited
Employment history and EPFO contributions of people linked to Competent Forex Services.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Competent Forex Services Private Limited
Competent Forex Services Private Limited has 4 board changes on record since 2006: 2 appointments and 2 cessations. The latest: Nishesh Verma ceased to be Director on 23 Apr 2021.
Credit Ratings, Litigation & Regulatory Alerts for Competent Forex Services Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- 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 Competent Forex Services Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- 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 Competent Forex Services Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Competent Forex Services Private Limited
Competent Forex Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCC8739P1ZZ | Delhi | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Competent Forex Services Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Competent Forex Services Private Limited
Competent Forex Services is an active private limited company based in New Delhi, Delhi, India. The company works in forex services, within the financial services industry. It was incorporated on 25 June 2006 (20+ years old) and is registered under CIN U67190DL2006PTC150150.
Competent Forex Services reported revenue of ₹31.26 Cr for FY 2024 (up 28% YoY).
Competent Forex Services has 2 current directors:
- Arun Chawla - Director
- Yogesh Dutt - Director
Competent Forex Services reported a net profit of ₹13.16 Lakh (net margin 0.4%) and EBITDA of ₹18.15 Lakh (EBITDA margin 0.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Competent Forex Services is 184% over three years and 6% over five years. In the latest year (FY 2024) revenue rose 28%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Competent Forex Services is 07AACCC8739P1ZZ, registered in Delhi.
The CIN (Corporate Identification Number) of Competent Forex Services is U67190DL2006PTC150150. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Competent Forex Services has 4 court cases on record: 3 filed by the company and 1 filed against it. Most are in the district courts.
Competent Forex Services was incorporated on 25 June 2006, making it 20+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Competent Forex Services by revenue are Gravity Forex and Travels Private Limited, Arihant Forex Private Limited, Xenia Forex Private Limited, Ojha Forex and Travels Private Limited, Ankit Forex Private Limited and 5 more, all in the BFSI industry (Forex Services, Money Exchange Services).
Nishesh Verma ceased to be Director on 23 Apr 2021. Ramesh Chandra Verma ceased to be Director on 26 Dec 2014. Arun Chawla was appointed as Director on 25 Jun 2006. Competent Forex Services has 4 board changes on record in total.