D M S Forex Private Limited
About D M S Forex Private Limited
Data last updated:
D M S Forex Private Limited is a private limited company based in Lucknow, Uttar Pradesh, India. It operates in the forex services segment of the financial services sector. It was incorporated on 24 January 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Kanpur, under CIN U65923UP2011PTC043273. Its GSTIN is 09AADCD7000P1ZH (Uttar Pradesh).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹35 Lakh. It is led by directors Mohammad Asif and Arshad Ali.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Basement New Janpath Complex 9A Ashok Marg, Lucknow, Uttar Pradesh, India – 226001.
As per the financials filed for FY 2024, the company reported a revenue of ₹88.78 Cr, a growth of 23% compared to the previous year. For the same year it recorded a net profit of ₹10.22 Lakh (net margin 0.1%) and EBITDA of ₹13.98 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 35% over three years and 12% over five years.
The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2024. Its 10 peer companies in the BFSI industry (Money Exchange Services) are compared by revenue, 5 larger and 5 smaller; the largest is Quotava Forex Private Limited with revenue of ₹94.03 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressBasement New Janpath Complex 9A Ashok Marg, Lucknow, Uttar Pradesh, India – 226001
- 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 D M S Forex Private Limited
The main business activity of D M S Forex is financial and insurance service. In detail, this covers 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
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 D M S Forex Private Limited FY 2024 filings available
D M S Forex Private Limited reported revenue of ₹88.78 Cr (up 23% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of D M S Forex Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 12% over five years, including 23% growth in the latest year. EBITDA rose 26% 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 D M S Forex 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 | ₹13.98 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.22 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 D M S Forex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.2% | •••• | •••• | •••• | •••• |
| 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 D M S Forex 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.
Board of Directors of D M S Forex Private Limited
D M S Forex has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mohammad Asif | Director | 24 Jan 2011 | 15 Years 8 Months | Current |
| Arshad Ali | Director | 24 Jan 2011 | 15 Years 8 Months | Current |
Peer Comparison of D M S Forex Private Limited
D M S 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 |
|---|---|---|---|---|---|---|
| Quotava Forex Private Limited | ₹94.03 Cr (FY 2019) | •••• | •••• | -53.0% | •••• | Kolkata, West Bengal, India |
| Sri Vari Money Exchange Private Limited | ₹91.83 Cr (FY 2025) | •••• | •••• | 10.0% | •••• | Coimbatore, Tamil Nadu, India |
| Vedica Forex Private Limited | ₹91.38 Cr (FY 2024) | •••• | •••• | 1286948.0% | •••• | Delhi, India |
| Prime Currency Corner Forex Private Limited | ₹89.35 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Mumbai, Maharashtra, India |
| WSFX Global Pay Limited Listed | ₹89.12 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Mumbai, Maharashtra, India |
| D M S Forex Private Limited this company | ₹88.78 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Lucknow, Uttar Pradesh, India |
| Crown Forex (India) Private Limited | ₹88.55 Cr (FY 2024) | •••• | •••• | 163.0% | •••• | New Delhi, Delhi, India |
| Easy Mudra Private Limited | ₹88.45 Cr (FY 2024) | •••• | •••• | 588.0% | •••• | New Delhi, Delhi, India |
| Alankit Forex India Limited | ₹88.08 Cr (FY 2025) | •••• | •••• | 81.0% | •••• | New Delhi, Delhi, India |
| Naitik Forex Private Limited | ₹86.07 Cr (FY 2023) | •••• | •••• | 19612.0% | •••• | Mumbai, Maharashtra, India |
| Faizan Forex and Travels Services Private Limited | ₹84.46 Cr (FY 2019) | •••• | •••• | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below D M S 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 D M S Forex Private Limited
D M S Forex Private Limited is audited by RZS & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RZS & 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.
Ownership and Shareholding of D M S Forex 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 D M S Forex Private Limited
D M S Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of D M S Forex Private Limited
D M S Forex Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2024.
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: 2 individuals |
| Mar 2016 | Rights issue | ₹8 Lakh | Investors: 4 individuals |
Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at D M S Forex Private Limited
Employment history and EPFO contributions of people linked to D M S Forex.
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 D M S Forex Private Limited
D M S Forex Private Limited has 3 board changes on record since 2011: 2 appointments and 1 cessation. The latest: Mohd Ahmad ceased to be Director on 21 Jul 2012.
Credit Ratings, Litigation & Regulatory Alerts for D M S Forex 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 D M S Forex 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 D M S Forex 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 D M S Forex Private Limited
D M S Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 09AADCD7000P1ZH | Uttar Pradesh | 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 D M S Forex 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 D M S Forex Private Limited
D M S Forex is an active private limited company based in Lucknow, Uttar Pradesh, India. The company works in forex services, within the financial services industry. It was incorporated on 24 January 2011 (15+ years old) and is registered under CIN U65923UP2011PTC043273.
D M S Forex reported revenue of ₹88.78 Cr for FY 2024 (up 23% YoY).
D M S Forex has 2 current directors:
- Mohammad Asif - Director
- Arshad Ali - Director
D M S Forex reported a net profit of ₹10.22 Lakh (net margin 0.1%) and EBITDA of ₹13.98 Lakh (EBITDA margin 0.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of D M S Forex is 35% over three years and 12% over five years. In the latest year (FY 2024) revenue rose 23%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of D M S Forex is 09AADCD7000P1ZH, registered in Uttar Pradesh.
The CIN (Corporate Identification Number) of D M S Forex is U65923UP2011PTC043273. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
D M S Forex was incorporated on 24 January 2011, making it 15+ years old. It is registered with the Registrar of Companies, Kanpur.
D M S Forex has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2024.
The peers of D M S Forex by revenue are Quotava Forex Private Limited, Sri Vari Money Exchange Private Limited, Vedica Forex Private Limited, Prime Currency Corner Forex Private Limited, WSFX Global Pay Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Mohd Ahmad ceased to be Director on 21 Jul 2012. Arshad Ali was appointed as Director on 24 Jan 2011. Mohammad Asif was appointed as Director on 24 Jan 2011.