About Fornas Forex Services Private Limited
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Fornas Forex Services Private Limited is a private limited company based in Erattupetta, Kerala, India. It operates in the forex services segment of the financial services sector. It was incorporated on 12 July 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U74999KL2006PTC019624. Its GSTIN is 32AABCF0069Q1ZJ (Kerala).
The company has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹26 Lakh. It is led by directors Abdul Sheneer Kareem Kattamala (Managing Director) and Nessymol Shaneer (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 Em 3/538 G Muttom Junction Erattupetta, Kerala, India – 686121.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.38 Cr, a decline of 33% compared to the previous year. For the same year it recorded a net loss of ₹73,000 (net margin -0.2%) and EBITDA of -₹59,000 (EBITDA margin -0.2%). Revenue has grown at a compounded annual rate (CAGR) of 21% over three years and 22% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website fornas-forex-services-pvt-ltd.business.site.
Company details
Contact details
Fornas Forex Services Private Limited's registered office is in Erattupetta, Kerala. Its website is fornas-forex-services-pvt-ltd.business.site. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressEm 3/538 G Muttom Junction Erattupetta, Kerala, India – 686121
- IndustryFinancial Services, Forex Services
To see the full contact details of Fornas Forex Services 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 Fornas Forex Services 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 Fornas Forex Services Private Limited, buy the company report.
Financials of Fornas Forex Services Private Limited
FY 2025 filings availableFornas Forex Services Private Limited reported revenue of ₹3.38 Cr (down 33% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 33% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA fell 152% 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 | -₹59,000 | ||||
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| Net Profit (PAT) | -₹73,000 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | -0.2% | ||||
| Net Profit Margin | -0.2% | ||||
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To see the full financial statements and ratios of Fornas Forex Services Private Limited, buy the company report.
Board of directors of Fornas Forex Services Private Limited
Fornas Forex Services has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nessymol Shaneer | Whole-Time Director | 01 Mar 2023 | 3 Years 7 Months | Current |
| Abdul Sheneer Kareem Kattamala | Managing Director | 12 Jul 2006 | 20 Years 3 Months | Current |
Peer comparison
Fornas Forex Services Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Forex Services, 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 |
|---|---|---|---|---|---|---|
| Aj Countrywide Forex Private Limited | ₹3.45 Cr (FY 2024) | 45.0% | Coimbatore, Tamil Nadu, India | |||
| Piu Travels & Forex Private Limited | ₹3.44 Cr (FY 2025) | 147.0% | Ranaghar, West Bengal, India | |||
| Ashok Forex Private Limited | ₹3.39 Cr (FY 2025) | 5.0% | Delhi, India | |||
| Fornas Forex Services Private Limitedthis company | ₹3.38 Cr (FY 2025) | -₹73,000 | -0.2% | -33.0% | Erattupetta, Kerala, India | |
| KP Forex Private Limited | ₹3.35 Cr (FY 2024) | 175.0% | Pune, Maharashtra, India | |||
| Malani Forex Services Private Limited | ₹3.29 Cr (FY 2025) | -73.0% | New Delhi, Delhi, India | |||
| Basant Forex Private Limited | ₹3.29 Cr (FY 2025) | -23.0% | Punjab, India |
To see the full peer comparison of Fornas Forex Services Private Limited, buy the company report.
Auditor
Fornas Forex Services Private Limited is audited by JACOB AND JACOB for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JACOB AND JACOB | FY 2021 | 008510S |
Shareholding
The shareholding of Fornas Forex Services Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Fornas Forex Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Fornas Forex Services 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 Fornas Forex Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Fornas Forex Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCF0069Q1ZJ | Kerala | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Fornas Forex Services Private Limited, buy the company report.
Recent activity
Fornas Forex Services Private Limited has 4 board changes on record since 2006: 2 appointments and 2 cessations. The latest: Nessymol Shaneer ceased to be Additional Director on 04 Sep 2023.
Frequently asked questions
Fornas Forex Services is an active private limited company based in Erattupetta, Kerala, India. The company works in forex services, within the financial services industry. It was incorporated on 12 July 2006 (20+ years old) and is registered under CIN U74999KL2006PTC019624.
Fornas Forex Services has 2 current directors:
- Abdul Sheneer Kareem Kattamala - Managing Director
- Nessymol Shaneer - Whole-Time Director
The latest financial statements of Fornas Forex Services 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 Fornas Forex Services is 32AABCF0069Q1ZJ, registered in Kerala.
The CIN (Corporate Identification Number) of Fornas Forex Services is U74999KL2006PTC019624. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Fornas Forex Services was incorporated on 12 July 2006, making it 20+ years old. It is registered with the Registrar of Companies, Ernakulam.
The peers of Fornas Forex Services by revenue are Aj Countrywide Forex Private Limited, Piu Travels & Forex Private Limited, Ashok Forex Private Limited, KP Forex Private Limited, Malani Forex Services Private Limited and 1 more, all in the BFSI industry (Forex Services, Money Exchange Services), with the same principal business activity (other financial activities).
Nessymol Shaneer ceased to be Additional Director on 04 Sep 2023. Safarulla Khan Puthenparambil ceased to be Director on 03 Mar 2023. Nessymol Shaneer was appointed as Whole-Time Director on 01 Mar 2023. Fornas Forex Services has 4 board changes on record in total.
Fornas Forex Services can be reached through the website fornas-forex-services-pvt-ltd.business.site. Its registered office is in Erattupetta, Kerala, India.
The registered office of Fornas Forex Services is at Em 3538 G Muttom Junction Erattupetta, Kerala, India – 686121.
Fornas Forex Services operates in the financial services industry, in the forex services segment.
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