Duggal Forex Private Limited
About Duggal Forex Private Limited
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Duggal Forex 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 02 April 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74999DL2003PTC119710. Its GSTIN is 07AACCD1044Q1ZK (Delhi).
The company has an authorised share capital of ₹27 Lakh and a paid-up capital of ₹27 Lakh. It is led by directors Umesh Duggal and Sumesh Duggal.
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 209 Mohan Singh Market I N A, New Delhi, Delhi, India – 110023.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.49 Cr, a decline of 7% compared to the previous year. For the same year it recorded a net loss of ₹28,479 (net margin -0.1%) and EBITDA of ₹13.46 Lakh (EBITDA margin 5.4%). Revenue has grown at a compounded annual rate (CAGR) of 36% over three years and 8% over five years.
As per MCA filings, the company has open charges of ₹21 Lakh on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Duggal Forex Private Limited's registered office is in New Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address209 Mohan Singh Market I N A, New Delhi, Delhi, India – 110023
- IndustryFinancial Services, Forex Services
To see the full contact details of Duggal 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 Duggal 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 Duggal Forex Private Limited, buy the company report.
Financials of Duggal Forex Private Limited
FY 2025 filings availableDuggal Forex Private Limited reported revenue of ₹2.49 Cr (down 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 7% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 8%. EBITDA fell 7% 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 | ₹13.46 Lakh | ||||
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| Net Profit (PAT) | -₹28,479 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 5.4% | ||||
| Net Profit Margin | -0.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Duggal Forex Private Limited, buy the company report.
Board of directors of Duggal Forex Private Limited
Duggal 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 |
|---|---|---|---|---|
| Umesh Duggal | Director | 02 Apr 2003 | 23 Years 7 Months | Current |
| Sumesh Duggal | Director | 02 Apr 2003 | 23 Years 7 Months | Current |
Peer comparison
Duggal Forex Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Western Express Money Forex Private Limited | ₹2.62 Cr (FY 2025) | 48.0% | Coimbatore, Tamil Nadu, India | |||
| Gomes Forex Services (India) Private Limited | ₹2.55 Cr (FY 2022) | -25.0% | Navi Mumbai, Maharashtra, India | |||
| Duggal Forex Private Limitedthis company | ₹2.49 Cr (FY 2025) | -₹28,479 | -0.1% | -7.0% | New Delhi, Delhi, India | |
| Sky Way Forex & Travel Private Limited | ₹2.47 Cr (FY 2025) | -71.0% | Kolkata, West Bengal, India | |||
| Shivalayas Forex Private Limited | ₹2.43 Cr (FY 2024) | 34.0% | Chennai, Tamil Nadu, India | |||
| Kiwi Forex Private Limited | ₹2.43 Cr (FY 2021) | -67.0% | Petrol Pump, Ghatlodia, Gujarat, India |
To see the full peer comparison of Duggal Forex Private Limited, buy the company report.
Auditor
Duggal Forex Private Limited is audited by SUNITA AGRAWAL & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SUNITA AGRAWAL & CO | FY 2022 | 515225C |
Shareholding
The shareholding of Duggal Forex Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Duggal Forex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 01 Sep 2023 | 100805379 | Hdfc Bank Limited | ₹21 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
Duggal Forex Private Limited has 4 court cases on record: 1 filed by Duggal Forex, 3 filed against it. 2 cases are pending and 2 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 2 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gautam Buddha Nagar, Uttar Pradesh | Criminal case | Filed against the company by State of U.P. | Pending |
| District court, Central, Delhi | Civil suit | Filed against the company by State | Pending |
| District court, Central, Delhi | Civil suit | Filed against the company by State | Disposed |
| District court, South East, Delhi | Criminal case | Filed by the company against an individual | Disposed |
To see the full case history of Duggal Forex Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Duggal Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Duggal Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AACCD1044Q1ZK | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Duggal Forex Private Limited, buy the company report.
Recent activity
Duggal Forex Private Limited has 4 board changes on record since 2003: 3 appointments and 1 cessation. The latest: Saroj Duggal ceased to be Director on 31 Dec 2011.
Frequently asked questions
Duggal Forex 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 02 April 2003 (23+ years old) and is registered under CIN U74999DL2003PTC119710.
Duggal Forex has 2 current directors:
- Umesh Duggal - Director
- Sumesh Duggal - Director
The latest financial statements of Duggal Forex 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 Duggal Forex is 07AACCD1044Q1ZK, registered in Delhi.
The CIN (Corporate Identification Number) of Duggal Forex is U74999DL2003PTC119710. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Duggal Forex has 4 court cases on record: 1 filed by the company and 3 filed against it. 2 are pending.
Duggal Forex was incorporated on 02 April 2003, making it 23+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Duggal Forex by revenue are Western Express Money Forex Private Limited, Gomes Forex Services (India) Private Limited, Sky Way Forex & Travel Private Limited, Shivalayas Forex Private Limited, Kiwi Forex Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Saroj Duggal ceased to be Director on 31 Dec 2011. Saroj Duggal was appointed as Director on 02 Apr 2003. Sumesh Duggal was appointed as Director on 02 Apr 2003. Duggal Forex has 4 board changes on record in total.
The registered office of Duggal Forex is at 209 Mohan Singh Market I N A, New Delhi, Delhi, India – 110023.
Duggal Forex operates in the financial services industry, in the forex services segment.
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