MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0080424
FRR Forex Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹7.37 Cr
▲ 17% YoY
Net profit · FY 2025
₹1.82 Cr
Net margin 24.7%
EBITDA · FY 2025
₹2 Cr
EBITDA margin 27.1%
Authorised capital
₹28 Cr
Registered with MCA
Paid-up capital
₹26.4 Cr
Issued & subscribed
Satisfied charges
₹30.42 Cr
No open charges
Company age
17 yrs
Est. 2009
Employees · EPFO
27
Provident fund records
About FRR Forex Private Limited
Data last updated:
FRR Forex Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the forex services segment of the financial services sector. It was incorporated on 20 August 2009 and has been in existence for over 17 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65999MH2009PTC195111. Its GSTIN is 27AABCF3963B1ZW (Maharashtra). The company holds 4 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹28 Cr and a paid-up capital of ₹26.4 Cr. It is led by directors Janak Chandulal Mehta and Dev Parag Mehta.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 205 Embassy Centre 2nd Floor Room No.5 Nariman Point, Mumbai, Maharashtra, India – 400021.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.37 Cr, a growth of 17% compared to the previous year. For the same year it recorded a net profit of ₹1.82 Cr (net margin 24.7%) and EBITDA of ₹2 Cr (EBITDA margin 27.1%). Revenue has declined at a compounded annual rate (CAGR) of 45% over three years and 9% over five years.
The company has about 27 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹30.42 Cr on record. Court records list 24 cases involving the company, including 23 filed by the company and 1 filed against it; 2 cases are pending. The company has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹22.89 Cr; the latest was in October 2012.
FRR Forex Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0080424). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website frrforex.in.
Company details
CIN U65999MH2009PTC195111
Registration Number 195111
Incorporation Date 20 August 2009
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0080424
Recognitions & Rankings of FRR Forex
Contact details
FRR Forex Private Limited's registered office is in Mumbai, Maharashtra. Its website is frrforex.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address205 Embassy Centre 2nd Floor Room No.5 Nariman Point, Mumbai, Maharashtra, India – 400021
- IndustryFinancial Services, Forex Services, Diversified Financial Services
To see the full contact details of FRR Forex Private Limited, buy the company report.
Comprehensive company report
FRR 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
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Secure checkout · GST invoice included
Business activity
The main business activity of FRR Forex is financial and insurance activities. In detail, this covers financial service activities, except insurance and pension funding.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 64 | Financial service activities, except insurance and pension funding |
To see the full business activity and turnover split of FRR Forex Private Limited, buy the company report.
Financials of FRR Forex Private Limited
FY 2024 filings availableFRR Forex Private Limited reported revenue of ₹7.37 Cr (up 17% YoY) for FY 2025.
Revenue · FY 2025
₹7.37 Cr ▲ 17%
Net profit · FY 2025
₹1.82 Cr margin 24.7%
EBITDA · FY 2025
₹2 Cr margin 27.1%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 17%
3 years · compounded
▲ 45%
5 years · compounded
▼ 9%
EBITDA CAGR growth
1 year
▲ 7%
3 years · compounded
▲ 21%
5 years · compounded
▲ 7%
Revenue rose 17% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 9%. EBITDA rose 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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| Total Expenses | |||||
| EBITDA | ₹2 Cr | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.82 Cr | ||||
| Balance Sheet | |||||
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| Reserves and Surplus | |||||
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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 | 27.1% | ||||
| Net Profit Margin | 24.7% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
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To see the full financial statements and ratios of FRR Forex Private Limited, buy the company report.
Board of directors of FRR Forex Private Limited
FRR Forex has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Janak Chandulal Mehta | Director | 26 Oct 2010 | 16 Years 0 Months | Current |
| Dev Parag Mehta | Director | 27 May 2014 | 12 Years 5 Months | Current |
Auditor
FRR Forex Private Limited is audited by S. RAMANAND AIYAR & CO for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. RAMANAND AIYAR & CO | FY 2023 | 000990N |
Shareholding
The shareholding of FRR Forex Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of FRR Forex Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹30.42 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 08 Jun 2022 | 100587002 | Yes Bank Limited | ₹68.1 Lakh | Satisfied | |
| 31 Jan 2020 | 100319138 | Others | ₹7 Cr | Satisfied | |
| 19 Mar 2011 | 10279037 | Axis Bank Limited | ₹4.74 Cr | Satisfied | |
| 30 Jul 2010 | 10240035 | Yes Bank Limited | ₹18 Cr | Satisfied |
To see the full charge records of FRR Forex Private Limited, buy the company report.
Total charge records: 4 View all charges
Deals & funding
FRR Forex Private Limited has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹22.89 Cr; the latest was in October 2012.
Total deals
6
Funding rounds
3
Secondary share transfers
2
Acquisition
1
Disclosed funding
₹22.89 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Oct 2012 | Funding round | ₹12.9 Cr | Investors: F R Ratnagar and Company Private Limited , 2 individuals |
| Oct 2012 | Secondary share transfer | Undisclosed | Seller: an individual |
| Aug 2012 | Acquisition | ₹3 Cr | Buyer: an individual |
| Oct 2010 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: M R Holdings Limited , Shakambhari Traders Limited , 2 individuals |
| Oct 2009 | Funding round | ₹99 Lakh | Investors: M R Holdings Limited , Shakambhari Traders Limited |
To see the full deal history of FRR Forex Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
FRR Forex Private Limited has 24 court cases on record: 23 filed by FRR Forex, 1 filed against it. 2 cases are pending and 22 are disposed.
Total cases
24
Filed by the company
23
Filed against the company
1
Pending
2
Disposed
22
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 24 | 1 | 2 |
Cases on record (5 of 24)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Commercial suit | Filed by the company against Universal Journeys India Private Limited | Disposed |
| District court, New Delhi, Delhi | Criminal case | Filed by the company against Vivaan Holiday Planners Pvt. Ltd. and Anr. | Disposed |
| District court, Pune, Maharashtra | Civil suit | Filed by the company against Netra World Hospitality Pvt. Ltd and 2 others | Pending |
| District court, Jaipur Metro II, Rajasthan | Civil suit | Filed by the company against an individual | Pending |
| District court, Jaipur Metro I, Rajasthan | Court case (Complaint) | Filed against the company by an individual | Disposed |
To see the full case history of FRR 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 FRR Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
FRR Forex Private Limited has a workforce of 27 employees on its EPFO records as of Mar 26, 2024, across 1 active EPFO establishment.
Employee count
27
Active EPFO establishments
1
Employee growth
35%
GST
FRR Forex has 4 GST registrations: 1 active and 3 cancelled or inactive.
Total GSTINs
4
Active
1
Cancelled / inactive
3
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCF3963B1ZW | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of FRR Forex Private Limited, buy the company report.
Recent activity
FRR Forex Private Limited has 6 board changes on record since 2009: 4 appointments and 2 cessations. The latest: Dev Parag Mehta was appointed as Director on 27 May 2014.
AGM
Frr Forex Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Frr Forex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Charges
A charge registered on 31 Jan 2020 via Charge ID 100319138 with Others was fully satisfied on 08 Feb 2023.
Charges
A charge registered on 08 Jun 2022 via Charge ID 100587002 with Yes Bank Limited was fully satisfied on 05 Jan 2023.
Charges
A charge registered on 30 Jul 2010 via Charge ID 10240035 with Yes Bank Limited was fully satisfied on 05 Jan 2023.
Charges
A charge registered on 19 Mar 2011 via Charge ID 10279037 with Axis Bank Limited was fully satisfied on 04 Jan 2023.
Charges
A charge with Yes Bank Limited amounted to Rs. 0.68 Cr with Charge ID 100587002 was registered on 08 Jun 2022.
Charges
A charge with Axis Bank Limited of Rs. 4.74 Cr registered on 19 Mar 2011 with Charge ID 10279037 was modified on 30 Dec 2020.
Charges
A charge with Others amounted to Rs. 7.00 Cr with Charge ID 100319138 was registered on 31 Jan 2020.
Appointed
Dev Parag Mehta was appointed as Director.
Ceased
Dinesh Chandra Sharma ceased to be Director.
Ceased
Hiralal Pandey ceased to be Director.
7 earlier events are in the company report.
Frequently asked questions
FRR Forex is an active private limited company based in Mumbai, Maharashtra, India. The company works in forex services, within the financial services industry. It was incorporated on 20 August 2009 (17+ years old) and is registered under CIN U65999MH2009PTC195111.
FRR Forex has 2 current directors:
- Janak Chandulal Mehta - Director
- Dev Parag Mehta - Director
The latest financial statements of FRR Forex on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of FRR Forex is 27AABCF3963B1ZW, registered in Maharashtra. The company has 4 GST registrations in all, of which 1 is active and 3 are cancelled or inactive.
The CIN (Corporate Identification Number) of FRR Forex is U65999MH2009PTC195111. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
FRR Forex has 24 court cases on record: 23 filed by the company and 1 filed against it. 2 are pending.
FRR Forex was incorporated on 20 August 2009, making it 17+ years old. It is registered with the Registrar of Companies, Mumbai.
FRR Forex has 6 deals on record (3 funding rounds, 2 secondary share transfers, 1 acquisition), with disclosed funding of ₹22.89 Cr; the latest was in October 2012.
Dev Parag Mehta was appointed as Director on 27 May 2014. Dinesh Chandra Sharma ceased to be Director on 27 May 2014. Hiralal Pandey ceased to be Director on 09 Aug 2011. FRR Forex has 6 board changes on record in total.
Yes, FRR Forex is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0080424).
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