Garg Forex Private Limited
About Garg Forex Private Limited
Data last updated:
Garg Forex Private Limited is a private limited company based in Moga, Punjab, India. It operates in the brokerage and trading services segment of the financial services sector. It was incorporated on 09 January 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U67190PB2004PTC026704. Its GSTIN is 03AAFFG6701R1Z8 (Punjab).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Sham Lal (Managing Director) and Hari Om Gupta.
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 Ram Ganj Roadbajaj Soap Building Moga, Punjab, India – 142001.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.28 Cr, a decline of 9% compared to the previous year. For the same year it recorded a net loss of ₹363 (net margin 0%) and EBITDA of ₹5,399 (EBITDA margin 0%). Revenue has declined at a compounded annual rate (CAGR) of 3% over three years and 6% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressRam Ganj Roadbajaj Soap Building Moga, Punjab, India – 142001
- IndustryFinancial Services, Brokerage & Trading 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 Garg Forex Private Limited
The main business activity of Garg 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 Garg Forex Private Limited FY 2025 filings available
Garg Forex Private Limited reported revenue of ₹6.28 Cr (down 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Garg Forex Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 6% over five years, including a 9% fall in the latest year. EBITDA fell 88% 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 Garg 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 | ₹5,399 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹363 | •••• | •••• | •••• | •••• |
| 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 Garg Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0% | •••• | •••• | •••• | •••• |
| 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 Garg Forex are in the company report.
Financial statements from 2015
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 Garg Forex Private Limited
Garg Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Broking Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Arihant Corporate Services Limited | ₹6.31 Cr (FY 2025) | •••• | •••• | 93.0% | •••• | Ahmedabad, Gujarat, India |
| Lark Consultancy Pvt Ltd | ₹6.3 Cr (FY 2025) | •••• | •••• | 78.0% | •••• | Mumbai, Maharashtra, India |
| Mehta Vakil and Company Private Limited | ₹6.29 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Mumbai, Maharashtra, India |
| Vista Agencies Private Limited | ₹6.29 Cr (FY 2025) | •••• | •••• | 41.0% | •••• | Kolkata, West Bengal, India |
| Sambhavna Securities Private Limited | ₹6.29 Cr (FY 2025) | •••• | •••• | -89.0% | •••• | Mumbai, Maharashtra, India |
| Garg Forex Private Limited this company | ₹6.28 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Moga, Punjab, India |
| Bela Properties Private Limited | ₹6.28 Cr (FY 2025) | •••• | •••• | -95.0% | •••• | Kolkata, West Bengal, India |
| SRHK Transport Private Limited | ₹6.26 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Mumbai, Maharashtra, India |
| Emti Exports Private Limited | ₹6.25 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Mumbai, Maharashtra, India |
| Troo Tribe Tech Limited | ₹6.25 Cr (FY 2025) | •••• | •••• | 995.0% | •••• | Delhi, India |
| Amicus Insurance Broking Services Private Limited | ₹6.24 Cr (FY 2021) | •••• | •••• | 28.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Garg Forex by revenue in the BFSI industry (Broking Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Garg Forex Private Limited
Garg Forex Private Limited is audited by PARMOD SHARMA & ASSOCIATES for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PARMOD SHARMA & 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 Garg Forex Private Limited
Garg Forex has 3 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hari Om Gupta | Director | 27 Feb 2019 | 7 Years 7 Months | Current |
| Shimla | Director | 09 Jan 2004 | 22 Years 8 Months | Current |
| Sham Lal | Managing Director | 09 Jan 2004 | 22 Years 8 Months | Current |
Ownership and Shareholding of Garg 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 Garg Forex Private Limited
Garg Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Garg Forex Private Limited
Employment history and EPFO contributions of people linked to Garg 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 Garg Forex Private Limited
Garg Forex Private Limited has 6 board changes on record since 2004: 3 appointments and 3 cessations. The latest: Hari Om Gupta was appointed as Director on 27 Feb 2019.
Credit Ratings, Litigation & Regulatory Alerts for Garg 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 Garg 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 Garg 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 Garg Forex Private Limited
Garg Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AAFFG6701R1Z8 | Punjab | Active | 01 Jul 2017 |
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 Garg 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 Garg Forex Private Limited
Garg Forex is an active private limited company based in Moga, Punjab, India. The company works in brokerage and trading services, within the financial services industry. It was incorporated on 09 January 2004 (22+ years old) and is registered under CIN U67190PB2004PTC026704.
Garg Forex reported revenue of ₹6.28 Cr for FY 2025 (down 9% YoY).
Garg Forex has 3 current directors:
- Sham Lal - Managing Director
- Hari Om Gupta - Director
- Shimla - Director
Garg Forex reported a net loss of ₹363 (net margin 0%) and EBITDA of ₹5,399 (EBITDA margin 0%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Garg Forex is -3% over three years and -6% over five years. In the latest year (FY 2025) revenue fell 9%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Garg Forex is 03AAFFG6701R1Z8, registered in Punjab.
The CIN (Corporate Identification Number) of Garg Forex is U67190PB2004PTC026704. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Garg Forex was incorporated on 09 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Garg Forex by revenue are Arihant Corporate Services Limited, Lark Consultancy Pvt Ltd, Mehta Vakil and Company Private Limited, Vista Agencies Private Limited, Sambhavna Securities Private Limited and 5 more, all in the BFSI industry (Broking Services).
Hari Om Gupta was appointed as Director on 27 Feb 2019. Kanta Gupta ceased to be Director on 01 Aug 2018. Ditty Gupta ceased to be Director on 31 Mar 2013. Garg Forex has 6 board changes on record in total.
The registered office of Garg Forex is at Ram Ganj Roadbajaj Soap Building Moga, Punjab, India – 142001.