About Electrum Financial Services Private Limited
Data last updated: 11 January 2026
Electrum Financial Services Private Limited is a private limited company based in Bangalore North, Karnataka, India, recognised as a startup by DPIIT. It specialises in forex services, a part of the broader financial services sector. Incorporated on 10 October 2012, the company has been in operation for over 14 years.
Registered with ROC Bangalore under CIN U67190KA2012PTC066238.
Capital: an authorised share capital of ₹4.92 Cr and a paid-up capital of ₹1.08 Cr. Formerly known as Forex Techsol Private Limited and Yourforexpartner Private Limited. It is led by directors including Aditya Agarwal and Thamballapalle Nallappareddy Ananth Reddy.
Last AGM: 26 September 2024. Financial statements filed for year ended 31 March 2024. Office: Bangalore North, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹18.1 Lakh, a decline of 88% compared to the previous year.
The company has a workforce of approximately 2 employees as per the latest available data.
The company is associated with 1 brand - Buyforexonline. As per MCA filings, the company has open charges of ₹1.14 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website buyforexonline.com.
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Registered AddressUnit 707 Brigade Towers, No. 135 Brigade Road, Bangalore North, Karnataka, India – 560025
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IndustryFinancial Services, Forex Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Electrum Financial Services Private Limited
Electrum Financial Services Private Limited has undergone 4 name changes throughout its history. The current legal name is Electrum Financial Services Private Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Electrum Financial Services Private Limited | Current |
| Forex Techsol Private Limited | Previous |
| Yourforexpartner Private Limited | Previous |
| Buyforexonline (India) Private Limited | Previous |
| Forex Travelcard Services Private Limited | Previous |
Associated Brands with Electrum Financial Services Private Limited
Electrum Financial Services Private Limited operates one associated brand: BuyForexOnline. These brands represent Electrum Financial Services Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Operates a digital platform for forex prepaid cards and purchases. | buyforexonline.com |
Competitors & Alternatives of Electrum Financial Services Private Limited
Brands and companies operating in the same space as Electrum Financial Services Private Limited include Wise, BookMyForex, Western Union and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Wise
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Cross-border remittances are enabled for individuals and businesses via apps. | Shoreditch, United Kingdom, United Kingdom | 2011 |
BookMyForex
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Online foreign exchange and remittance services are facilitated in India. | Gurugram, India, India | 2011 |
Western Union
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Provider of remittance services | Denver, United States, United States | 1851 |
InstaReM
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Cross-border money transfers are facilitated for individuals and businesses. | Singapore, Singapore, Singapore | 2014 |
RNFI Services
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Digital payment services including gateways, remittances, and recharges are provided. | Delhi, India, India | 2015 |
HiWi
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Provider of payment solutions for international students | Mumbai, India, India | 2022 |
WSFx Global Pay
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Foreign currency exchange and remittance services are offered online. | Mumbai, India, India | 1986 |
Unimoni
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Foreign exchange, remittances, and travel solutions are provided by Unimoni. | Bengaluru, India, India | 1995 |
BuyForex
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Foreign currency is bought and sold via an online platform. | Mumbai, India, India | 2015 |
Nium Forex
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Provides foreign currency exchange, prepaid cards, and overseas remittances services. | Bengaluru, India, India | 2011 |
Business Activity of Electrum Financial Services Private Limited
Electrum Financial Services Private Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including 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 for Electrum Financial Services Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Electrum Financial Services Private Limited
Electrum Financial Services Private Limited is audited by RAMESH RAO & CO LLP for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAMESH RAO & CO LLP | Locked | Locked | Locked |
Complete auditor history for Electrum Financial Services Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Electrum Financial Services Private Limited
Electrum Financial Services Private Limited is currently managed by 3 directors, with 3 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Aditya Agarwal | Director | 30 Jan 2017 | 9 Years 6 Months | Current |
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Thamballapalle Nallappareddy Ananth Reddy
Also directs:
Electrum Financial Holdings Limited, Unirem Payment Services Llp
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Director | 10 Oct 2012 | 13 Years 10 Months | Current |
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Vinatha Madhusudan Reddy
Also directs:
Promac Engineering Industries Limited, Creditaccess General Insurance Limited, Avalahalli Investments Private Limited and 4 more
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Director | 14 Feb 2015 | 11 Years 5 Months | Current |
Financials of Electrum Financial Services Private Limited FY 2024 filings available
Electrum Financial Services Private Limited reported revenue of ₹18.1 Lakh (down 88.00% YoY) for FY 2024.
Ten-year financial statements for Electrum Financial Services Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Electrum Financial Services Private Limited
Shareholding and ownership data for Electrum Financial Services Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Electrum Financial Services Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Jul 2019 | Others | ₹50 Lakh | Open |
| 03 Dec 2018 | Others | ₹13.5 Lakh | Open |
| 06 Mar 2018 | Others | ₹50 Lakh | Open |
Total charge records: 3 View all charges
Employees and EPFO Compliance at Electrum Financial Services Private Limited
Electrum Financial Services Private Limited has a workforce of 2 employees as of Apr 05, 2024.
Employee and EPFO history for Electrum Financial Services Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Electrum Financial Services Private Limited
GST registrations and filing compliance for Electrum Financial Services Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Electrum Financial Services Private Limited
Credit ratings, litigation, and regulatory alerts for Electrum Financial Services Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- 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 Electrum Financial Services Private Limited
MSME payment history for Electrum Financial Services Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- 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 Electrum Financial Services Private Limited
Corporate group structure for Electrum Financial Services Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Electrum Financial Services Private Limited
MCA filings and documents for Electrum Financial Services Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Electrum Financial Services Private Limited
Recent News on Electrum Financial Services Private Limited
Frequently Asked Questions about Electrum Financial Services Private Limited
Electrum Financial Services Private Limited is an active private limited company in the financial services sector based in Bangalore North, Karnataka, India. It was incorporated on 10 October 2012 (14+ years old) and is registered under CIN U67190KA2012PTC066238. The company has 2 employees.
Electrum Financial Services Private Limited reported revenue of ₹18.1 Lakh for FY 2024 (down 88.00% YoY).
The current directors of Electrum Financial Services Private Limited are:
- Aditya Agarwal - Director
- Thamballapalle Nallappareddy Ananth Reddy - Director
- Vinatha Madhusudan Reddy - Director
The primary industry of Electrum Financial Services Private Limited is financial services. The company specifically operates in forex services. The company is currently active in this sector.
Yes, Electrum Financial Services Private Limited is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Electrum Financial Services Private Limited can be reached at the registered office: Unit 707 Brigade Towers, No. 135 Brigade Road, Bangalore North, Karnataka, India – 560025, or through the website buyforexonline.com.