Dheva Forex Private Limited
About Dheva Forex Private Limited
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Dheva 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 23 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65929TN2017PTC115658. Its GSTIN is 33AAGCD0922M1ZS (Tamil Nadu).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹63.1 Lakh. It is led by directors including Muthupalaniappan and Parthasarathy Arumugam Devasenathipathy.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at New No 24 Old No 34 South Mada Street Mylapore, Chennai, Tamil Nadu, India – 600004.
As per the financials filed for FY 2023, the company reported a revenue of ₹10.07 Lakh, a growth of 149% compared to the previous year. For the same year it recorded a net profit of ₹14,886 (net margin 1.5%) and EBITDA of ₹28,509 (EBITDA margin 2.8%). Revenue has grown at a compounded annual rate (CAGR) of 73% over three years and 56% over five years.
As per MCA filings, the company has open charges of ₹41 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Dheva Forex Private Limited's registered office is in Chennai, Tamil Nadu. Its e-mail address is in the company report.
- Email
- Registered AddressNew No 24 Old No 34 South Mada Street Mylapore, Chennai, Tamil Nadu, India – 600004
- IndustryFinancial Services, Forex Services
To see the full contact details of Dheva Forex 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 Dheva Forex 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 Dheva Forex Private Limited, buy the company report.
Financials of Dheva Forex Private Limited
FY 2023 filings availableDheva Forex Private Limited reported revenue of ₹10.07 Lakh (up 149% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 56% over five years, including 149% growth in the latest year. EBITDA fell 79% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹28,509 | ||||
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| Net Profit (PAT) | ₹14,886 | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 2.8% | ||||
| Net Profit Margin | 1.5% | ||||
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To see the full financial statements and ratios of Dheva Forex Private Limited, buy the company report.
Board of directors of Dheva Forex Private Limited
Dheva Forex has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Muthupalaniappan | Director | 02 Apr 2019 | 7 Years 6 Months | Current |
| Parthasarathy Arumugam Devasenathipathy Also directs: Chamber of Nidhis | Director | 23 Jun 2017 | 9 Years 4 Months | Current |
| Sudhir Shankar Ravishankar Also directs: Wintv Telugu Limited, Dheva Investments and Finance (India) Private Limited, Goodyield Investments Private Limited and 2 more | Director | 10 May 2024 | 2 Years 5 Months | Current |
Peer comparison
Dheva Forex Private Limited is compared with the 7 companies closest to it by revenue in the BFSI industry (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 |
|---|---|---|---|---|---|---|
| Zen Forex and Management Private Limited | ₹10.47 Lakh (FY 2024) | -19.0% | Secunderabad, Telangana, India | |||
| Sreelall Foreign Money Changers Private Limited | ₹10.15 Lakh (FY 2025) | 12.0% | Kolkata, West Bengal, India | |||
| Karkesh Forex Services Private Limited | ₹10.08 Lakh (FY 2023) | -30.0% | Thiruvarur, Tamil Nadu, India | |||
| Dheva Forex Private Limitedthis company | ₹10.07 Lakh (FY 2023) | ₹14,886 | 1.5% | 149.0% | Chennai, Tamil Nadu, India | |
| Hepriko Forex Private Limited | ₹10.02 Lakh (FY 2025) | -38.0% | Ahmedabad, Gujarat, India | |||
| Nirankar Forex Private Limited | ₹9.53 Lakh (FY 2024) | 37.0% | Ajmer, Rajasthan, India | |||
| Nagvekar Forex Private Limited | ₹9.53 Lakh (FY 2023) | 41.0% | Mapusa Bardez, Goa, India | |||
| Capital Forex Services Private Limited | ₹9.34 Lakh (FY 2025) | -88.0% | Gandhinagar, Gujarat, India |
To see the full peer comparison of Dheva Forex Private Limited, buy the company report.
Auditor
Dheva Forex Private Limited is audited by RUPA SEKAR & ASSOCIATES for the financial year 2018.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RUPA SEKAR & ASSOCIATES | FY 2018 | 005512C |
Shareholding
The shareholding of Dheva Forex Private Limited is on record for FY 2018, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2018 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Dheva Forex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 03 Jan 2020 | 100319178 | Lakshmi Vilas Bank Limited | ₹41 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Dheva Forex 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 Dheva Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Dheva Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAGCD0922M1ZS | Tamil Nadu | Active | 05 Apr 2018 |
To see the full GST registrations and return filing status of Dheva Forex Private Limited, buy the company report.
Recent activity
Dheva Forex Private Limited has 8 board changes on record since 2017: 3 appointments and 5 cessations. The latest: Sudhir Shankar Ravishankar was appointed as Director on 10 May 2024.
Frequently asked questions
Dheva 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 23 March 2017 (9+ years old) and is registered under CIN U65929TN2017PTC115658.
Dheva Forex has 3 current directors:
- Muthupalaniappan - Director
- Parthasarathy Arumugam Devasenathipathy - Director
- Sudhir Shankar Ravishankar - Director
The latest financial statements of Dheva Forex on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2017 are in the company report.
The GSTIN of Dheva Forex is 33AAGCD0922M1ZS, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Dheva Forex is U65929TN2017PTC115658. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Dheva Forex was incorporated on 23 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Dheva Forex by revenue are Zen Forex and Management Private Limited, Sreelall Foreign Money Changers Private Limited, Karkesh Forex Services Private Limited, Hepriko Forex Private Limited, Nirankar Forex Private Limited and 2 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Sudhir Shankar Ravishankar was appointed as Director on 10 May 2024. Kanthan Nagarajan ceased to be Director on 18 Dec 2019. Muthupalaniappan ceased to be Additional Director on 30 Sep 2019. Dheva Forex has 8 board changes on record in total.
The registered office of Dheva Forex is at New No 24 Old No 34 South Mada Street Mylapore, Chennai, Tamil Nadu, India – 600004.
Dheva Forex operates in the financial services industry, in the forex services segment.
Dheva Forex has open charges of ₹41 Lakh and no satisfied charges on record as per latest MCA filings.