About Fire Forex Private Limited
Data last updated:
Fire Forex Private Limited is a private limited company based in New, Delhi, India. It operates in the forex services segment of the financial services sector. It was incorporated on 04 May 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U65929DL2018PTC333485. Its GSTIN is 07AADCF3911B1Z8 (Delhi).
The company has an authorised share capital of ₹10 Cr and a paid-up capital of ₹1.11 Cr. It is led by directors including Rajiv Verma and Sonia Sharma.
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 3512 Second Floor Gali Bajrang Chawri Bazar, New, Delhi, India – 110006.
As per the financials filed for FY 2025, the company reported a revenue of ₹140.29 Cr, a decline of 84% compared to the previous year. For the same year it recorded a net profit of ₹39.01 Lakh (net margin 0.3%) and EBITDA of ₹54.99 Lakh (EBITDA margin 0.4%). Revenue has declined at a compounded annual rate (CAGR) of 35% over three years and 24% over five years.
The company is associated with 1 brand: Fire Forex.
For more details, the company can be reached via its website fireforex.in.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address3512 Second Floor Gali Bajrang Chawri Bazar, New, Delhi, India – 110006
- 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 Fire Forex Private Limited
The main business activity of Fire 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 Fire Forex Private Limited FY 2025 filings available
Fire Forex Private Limited reported revenue of ₹140.29 Cr (down 84% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Fire Forex Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 24% over five years, including a 84% fall in the latest year. EBITDA fell 92% 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 Fire Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹54.99 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹39.01 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 Fire Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.3% | •••• | •••• | •••• | •••• |
| 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 Fire Forex are in the company report.
Financial statements from FY 2019
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 Fire Forex Private Limited
Fire Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Overseas Forex Private Limited | •••• | •••• | •••• | •••• | - | Gurgaon, Haryana, India |
| Hubert Money Changer Private Limited | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Muthoot Forex Limited | •••• | •••• | •••• | •••• | - | Ernakulam, Kerala, India |
| I-Forex (India) Private Limited | •••• | •••• | •••• | •••• | 12 | Bangalore, Karnataka, India |
| Suvidha Forex Private Limited | •••• | •••• | •••• | •••• | - | Jalandhar, Punjab, India |
| Fire Forex Private Limited this company | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Transcorp Enterprises Limited | •••• | •••• | •••• | •••• | 39 | Jaipur, Rajasthan, India |
| Balarkaay Forex and Travel Private Limited | •••• | •••• | •••• | •••• | - | Ghaziabad, Uttar Pradesh, India |
| Aov Forex Private Limited | •••• | •••• | •••• | •••• | 18 | Delhi, India |
| Breakpoint Forex Private Limited | •••• | •••• | •••• | •••• | - | Greater Noida, Uttar Pradesh, India |
| Mysha Forex Private Limited | •••• | •••• | •••• | •••• | - | Taloja, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Fire Forex by revenue in the BFSI industry (Money Exchange Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Fire Forex Private Limited
Fire Forex Private Limited is audited by RAJEEV AGGARWAL & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAJEEV AGGARWAL & 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 Fire Forex Private Limited
Fire Forex has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajiv Verma | Director | 18 Mar 2019 | 7 Years 6 Months | Current |
| Sonia Sharma | Director | 04 May 2018 | 8 Years 5 Months | Current |
| Anil Kumar | Director | 04 May 2018 | 8 Years 5 Months | Current |
Ownership and Shareholding of Fire 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 Fire Forex Private Limited
Fire Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Associated Brands with Fire Forex Private Limited
Fire Forex operates one associated brand: Fire Forex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A platform for convenient currency exchange services. | fireforex.in |
Employees and EPFO Compliance at Fire Forex Private Limited
Employment history and EPFO contributions of people linked to Fire 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 Fire Forex Private Limited
Fire Forex Private Limited has 4 board changes on record since 2018: 3 appointments and 1 cessation. The latest: Rajiv Verma ceased to be Additional Director on 28 Aug 2019.
Credit Ratings, Litigation & Regulatory Alerts for Fire 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 Fire 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 Fire 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 Fire Forex Private Limited
Fire Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCF3911B1Z8 | Delhi | Active | 10 Nov 2018 |
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 Fire 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 Fire Forex Private Limited
Fire Forex is an active private limited company based in New, Delhi, India. The company works in forex services, within the financial services industry. It was incorporated on 04 May 2018 (8+ years old) and is registered under CIN U65929DL2018PTC333485.
Fire Forex reported revenue of ₹140.29 Cr for FY 2025 (down 84% YoY).
Fire Forex has 3 current directors:
- Rajiv Verma - Director
- Sonia Sharma - Director
- Anil Kumar - Director
Fire Forex reported a net profit of ₹39.01 Lakh (net margin 0.3%) and EBITDA of ₹54.99 Lakh (EBITDA margin 0.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Fire Forex is -35% over three years and -24% over five years. In the latest year (FY 2025) revenue fell 84%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Fire Forex is 07AADCF3911B1Z8, registered in Delhi.
The CIN (Corporate Identification Number) of Fire Forex is U65929DL2018PTC333485. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fire Forex was incorporated on 04 May 2018, making it 8+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Fire Forex by revenue are Overseas Forex Private Limited, Hubert Money Changer Private Limited, Muthoot Forex Limited, I-Forex (India) Private Limited, Suvidha Forex Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Rajiv Verma ceased to be Additional Director on 28 Aug 2019. Rajiv Verma was appointed as Director on 18 Mar 2019. Anil Kumar was appointed as Director on 04 May 2018. Fire Forex has 4 board changes on record in total.
Fire Forex can be reached through the website fireforex.in. Its registered office is in New, Delhi, India.