MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-KR-03-0200444
Flexi Forex Private Limited - financial services in Bangalore, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹36.59 Cr
▼ 23% YoY
Net profit · FY 2025
₹3.32 Lakh
Net margin 0.1%
EBITDA · FY 2025
₹6.61 Lakh
EBITDA margin 0.2%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Company age
22 yrs
Est. 2004
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Flexi Forex Private Limited
Data last updated:
Flexi Forex Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the forex services segment of the financial services sector. It was incorporated on 20 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U65999KA2004PTC033975. Its GSTIN is 29AAACF8875F1Z8 (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Raghavendra Prasad Ramesh Acharya (Whole-Time Director) and Vijaya Kumar Mamatha (Whole-Time Director).
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 No 1282 Ground Floor 25th Main 9th Block Jayanagar, Bangalore, Karnataka, India – 560069.
As per the financials filed for FY 2025, the company reported a revenue of ₹36.59 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net profit of ₹3.32 Lakh (net margin 0.1%) and EBITDA of ₹6.61 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 107% over three years and 27% over five years.
The company is associated with 1 brand: Flexi Forex.
Flexi Forex Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0200444). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website flexiforex.co.in.
Company details
CIN U65999KA2004PTC033975
Registration Number 033975
Incorporation Date 20 May 2004
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-KR-03-0200444
Key People
Raghavendra Prasad Ramesh Acharya Whole-Time Director Vijaya Kumar Mamatha Whole-Time Director Recognitions & Rankings of Flexi Forex
Contact details
Flexi Forex Private Limited's registered office is in Bangalore, Karnataka. Its website is flexiforex.co.in. Its e-mail address is in the company report.
- Email
- Website
- Registered AddressNo 1282 Ground Floor 25th Main 9th Block Jayanagar, Bangalore, Karnataka, India – 560069
- IndustryFinancial Services, Forex Services
To see the full contact details of Flexi Forex Private Limited, buy the company report.
Comprehensive company report
Flexi Forex Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Flexi Forex operates one associated brand: Flexi Forex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Foreign exchange, money transfer, and travel insurance services in Bangalore. | flexiforex.co.in |
Business activity
The main business activity of Flexi 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 Flexi Forex Private Limited, buy the company report.
Financials of Flexi Forex Private Limited
FY 2025 filings availableFlexi Forex Private Limited reported revenue of ₹36.59 Cr (down 23% YoY) for FY 2025.
Revenue · FY 2025
₹36.59 Cr ▼ 23%
Net profit · FY 2025
₹3.32 Lakh margin 0.1%
EBITDA · FY 2025
₹6.61 Lakh margin 0.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 23%
3 years · compounded
▲ 107%
5 years · compounded
▲ 27%
EBITDA CAGR growth
1 year
▼ 37%
3 years · compounded
▲ 97%
5 years · compounded
▲ 42%
Revenue fell 23% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 27%. EBITDA fell 37% 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 |
|---|---|---|---|---|---|
| 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 | ₹6.61 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.32 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | |||||
To see the full financial statements and ratios of Flexi Forex Private Limited, buy the company report.
Board of directors of Flexi Forex Private Limited
Flexi Forex has 2 current directors and 7 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Raghavendra Prasad Ramesh Acharya | Whole-Time Director | 19 Sep 2011 | 15 Years 1 Months | Current |
| Vijaya Kumar Mamatha | Whole-Time Director | 23 Sep 2011 | 15 Years 1 Months | Current |
Peer comparison
Flexi 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 |
|---|---|---|---|---|---|---|
| International Currency Services Private Limited | ₹37.07 Cr (FY 2019) | 91.0% | Chennai, Tamil Nadu, India | |||
| Saima Forex Private Limited | ₹36.75 Cr (FY 2024) | 21776.0% | Kolkata, West Bengal, India | |||
| Simran Forex & Travel Services Private Limited | ₹36.75 Cr (FY 2025) | -66.0% | New Delhi, Delhi, India | |||
| Flexi Forex Private Limitedthis company | ₹36.59 Cr (FY 2025) | ₹3.32 Lakh | 0.1% | -23.0% | Bangalore, Karnataka, India | |
| Dolex Money Changers Private Limited | ₹36.58 Cr (FY 2025) | 43.0% | Chennai, Tamil Nadu, India | |||
| Mark Forex Hub India Private Limited | ₹36.38 Cr (FY 2025) | -1.0% | Delhi, India |
To see the full peer comparison of Flexi Forex Private Limited, buy the company report.
Auditor
Flexi Forex Private Limited is audited by M N B K & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M N B K & ASSOCIATES | FY 2020 | 013363S |
Shareholding
The shareholding of Flexi Forex Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Flexi Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Flexi 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 Flexi Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Flexi Forex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAACF8875F1Z8 | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Flexi Forex Private Limited, buy the company report.
Recent activity
Flexi Forex Private Limited has 9 board changes on record since 2011: 2 appointments and 7 cessations. The latest: Gulabi Aravind Pattabhiraman ceased to be Director on 20 Jan 2020.
AGM
Flexi Forex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Flexi Forex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Ceased
Gulabi Aravind Pattabhiraman ceased to be Director.
Ceased
Raghavendra Prasad Ramesh Acharya ceased to be Additional Director.
Ceased
Vijaya Kumar Mamatha ceased to be Additional Director.
Ceased
Nagaraja Rao Ahobalaagrahara Subramanyam ceased to be Director.
Ceased
Vidyashankar Shamrao ceased to be Director.
Appointed
Vijaya Kumar Mamatha was appointed as Whole-Time Director.
Appointed
Raghavendra Prasad Ramesh Acharya was appointed as Whole-Time Director.
Ceased
Mohite Balakrishna Ramachandra ceased to be Director.
Ceased
Nagaraj Sowmya ceased to be Director.
Incorporation
20 May 2004
Flexi Forex Private Limited was registered on 20 May 2004 with Roc Bangalore & aged 22 years 5 months as per MCA records.
Frequently asked questions
Flexi Forex is an active private limited company based in Bangalore, Karnataka, India. The company works in forex services, within the financial services industry. It was incorporated on 20 May 2004 (22+ years old) and is registered under CIN U65999KA2004PTC033975.
Flexi Forex has 2 current directors:
- Raghavendra Prasad Ramesh Acharya - Whole-Time Director
- Vijaya Kumar Mamatha - Whole-Time Director
The latest financial statements of Flexi 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 Flexi Forex is 29AAACF8875F1Z8, registered in Karnataka.
The CIN (Corporate Identification Number) of Flexi Forex is U65999KA2004PTC033975. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Flexi Forex was incorporated on 20 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Flexi Forex by revenue are International Currency Services Private Limited, Saima Forex Private Limited, Simran Forex & Travel Services Private Limited, Dolex Money Changers Private Limited, Mark Forex Hub India Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Gulabi Aravind Pattabhiraman ceased to be Director on 20 Jan 2020. Raghavendra Prasad Ramesh Acharya ceased to be Additional Director on 28 Sep 2012. Vijaya Kumar Mamatha ceased to be Additional Director on 28 Sep 2012. Flexi Forex has 9 board changes on record in total.
Yes, Flexi Forex is registered as a small enterprise under Udyam registration (number: UDYAM-KR-03-0200444).
Flexi Forex can be reached through the website flexiforex.co.in. Its registered office is in Bangalore, Karnataka, India.
The registered office of Flexi Forex is at No 1282 Ground Floor 25th Main 9th Block Jayanagar, Bangalore, Karnataka, India – 560069.