Gadin Forex Private Limited
About Gadin Forex Private Limited
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Gadin Forex Private Limited is a private limited company based in Vellore, Tamil Nadu, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 18 April 2011 and has been in existence for over 15 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U74999TN2011PTC080179. Its GSTIN is 33AAECG2239G1ZY (Tamil Nadu).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors Thiyagarajan Hemalatha and Shanmugam Jeeva.
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 Old No.22 New No.6 Mmt Complex Anna Salai Officers Line, Vellore, Tamil Nadu, India – 632001.
As per the financials filed for FY 2024, the company reported a revenue of ₹4.57 Cr, a decline of 35% compared to the previous year. For the same year it recorded a net loss of ₹5.15 Lakh (net margin -1.1%) and EBITDA of -₹4.81 Lakh (EBITDA margin -1.1%). Revenue has declined at a compounded annual rate (CAGR) of 1% over three years and 5% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Gadin Forex Private Limited's registered office is in Vellore, Tamil Nadu. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressOld No.22 New No.6 Mmt Complex Anna Salai Officers Line, Vellore, Tamil Nadu, India – 632001
- IndustryFinancial Services, Financial Activities
To see the full contact details of Gadin Forex 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 Gadin 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 Gadin Forex Private Limited, buy the company report.
Financials of Gadin Forex Private Limited
FY 2024 filings availableGadin Forex Private Limited reported revenue of ₹4.57 Cr (down 35% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 5% over five years, including a 35% fall 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | -₹4.81 Lakh | ||||
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| Net Profit (PAT) | -₹5.15 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | -1.1% | ||||
| Net Profit Margin | -1.1% | ||||
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To see the full financial statements and ratios of Gadin Forex Private Limited, buy the company report.
Board of directors of Gadin Forex Private Limited
Gadin Forex has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Thiyagarajan Hemalatha | Director | 16 May 2023 | 3 Years 5 Months | Current |
| Shanmugam Jeeva | Director | 08 Apr 2013 | 13 Years 6 Months | Current |
Peer comparison
Gadin Forex Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| One World Forex Private Limited | ₹4.76 Cr (FY 2018) | Mumbai, Maharashtra, India | ||||
| Destination Money Changers Private Limited | ₹4.69 Cr (FY 2019) | 37.0% | Mhow, Madhya Pradesh, India | |||
| Fine Forex Private Limited | ₹4.58 Cr (FY 2025) | -30.0% | Patiala, Punjab, India | |||
| Gadin Forex Private Limitedthis company | ₹4.57 Cr (FY 2024) | -₹5.15 Lakh | -1.1% | -35.0% | Vellore, Tamil Nadu, India | |
| Shivmudra Currency Exchange Private Limited | ₹4.57 Cr (FY 2025) | 3.0% | Pune, Maharashtra, India | |||
| Madhyamgram Money Changer Private Limited | ₹4.54 Cr (FY 2025) | 292.0% | Madhyamgram, West Bengal, India | |||
| Kanishka Forex Private Limited | ₹4.44 Cr (FY 2025) | 8.0% | Meerut, Uttar Pradesh, India | |||
| Shraddha Forex Private Limited | ₹4.44 Cr (FY 2024) | -46.0% | Jamnagar, Gujarat, India |
To see the full peer comparison of Gadin Forex Private Limited, buy the company report.
Auditor
Gadin Forex Private Limited is audited by S. PARANTHAMAN for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S. PARANTHAMAN | FY 2017 | 209888 |
Shareholding
The shareholding of Gadin Forex Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Gadin Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Gadin 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 Gadin Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Gadin Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECG2239G1ZY | Tamil Nadu | Active | 07 Dec 2018 |
To see the full GST registrations and return filing status of Gadin Forex Private Limited, buy the company report.
Recent activity
Gadin Forex Private Limited has 5 board changes on record since 2013: 2 appointments and 3 cessations. The latest: Thiyagarajan Hemalatha ceased to be Additional Director on 29 Sep 2023.
Frequently asked questions
Gadin Forex is an active private limited company based in Vellore, Tamil Nadu, India. The company works in financial activities, within the financial services industry. It was incorporated on 18 April 2011 (15+ years old) and is registered under CIN U74999TN2011PTC080179.
Gadin Forex has 2 current directors:
- Thiyagarajan Hemalatha - Director
- Shanmugam Jeeva - Director
The latest financial statements of Gadin 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 Gadin Forex is 33AAECG2239G1ZY, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Gadin Forex is U74999TN2011PTC080179. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gadin Forex was incorporated on 18 April 2011, making it 15+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Gadin Forex by revenue are One World Forex Private Limited, Destination Money Changers Private Limited, Fine Forex Private Limited, Shivmudra Currency Exchange Private Limited, Madhyamgram Money Changer Private Limited and 2 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Thiyagarajan Hemalatha ceased to be Additional Director on 29 Sep 2023. Krishnapillai Shanmugam ceased to be Director on 16 May 2023. Thiyagarajan Hemalatha was appointed as Director on 16 May 2023. Gadin Forex has 5 board changes on record in total.
The registered office of Gadin Forex is at Old No.22 New No.6 Mmt Complex Anna Salai Officers Line, Vellore, Tamil Nadu, India – 632001.
Gadin Forex operates in the financial services industry, in the financial activities segment.
The compliance status of Gadin Forex is compliant as of 20 September 2026. The company is actively filing with the Registrar of Companies.
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