About Gems Forex Private Limited
Data last updated: 12 March 2026
Gems Forex Private Limited is a private limited company based in Mumbai, Maharashtra, India. It specialises in forex services, a part of the broader financial services sector. Incorporated on 15 July 2016, the company has been in operation for over 10 years.
Registered with ROC Mumbai under CIN U74999MH2016PTC283683.
Capital: an authorised share capital of ₹30 Lakh and a paid-up capital of ₹27 Lakh. It is led by directors Sangita Arvind Parekh and Vansh Arvind Parekh.
Last AGM: 30 September 2025. Financial statements filed for year ended 31 March 2025. Office: 6 – C Shyamkamal Chs Ltd Agrawal Market Road Next To Sahakari Bhandar Vile Parle (E), Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2025, the company reported a revenue of ₹56.81 Cr, a decline of 32% compared to the previous year.
The company is associated with 1 brand - Gems Forex.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website gemsforex.com.
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Registered Address6 – C Shyamkamal Chs Ltd Agrawal Market Road Next To Sahakari Bhandar Vile Parle (E), Mumbai, Maharashtra, India – 400057
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IndustryFinancial Services, Forex Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Associated Brands with Gems Forex Private Limited
Gems Forex Private Limited operates one associated brand: Gems Forex. These brands represent Gems Forex Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Operates as a reliable foreign exchange service provider for clients. | gemsforex.com |
Competitors & Alternatives of Gems Forex Private Limited
Brands and companies operating in the same space as Gems Forex Private Limited include Wise, TransferGo, Remessa Online and 6 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Wise
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Cross-border remittances are enabled for individuals and businesses via apps. | Shoreditch, United Kingdom, United Kingdom | 2011 |
TransferGo
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Cross-border remittances are enabled for consumers and businesses. | London, United Kingdom, United Kingdom | 2012 |
Remessa Online
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International payments are enabled online for consumers and businesses. | Sao Paulo, Brazil, Brazil | 2016 |
2C2P
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Payment processing solutions for businesses | Singapore, Singapore, Singapore | 2003 |
CurrencyFair
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Cross-border money transfers are enabled through CurrencyFair's platform. | Dublin, Ireland, Ireland | 2010 |
Western Union
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Provider of remittance services | Denver, United States, United States | 1851 |
SentBe
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Cross-border remittance solution | Seoul, South Korea, South Korea | 2015 |
Intermex
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Cross-border remittances are enabled for individuals and businesses. | Miami, United States, United States | 1994 |
Currencies Direct
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Cross-border remittances are enabled online for individuals and businesses. | London, United Kingdom, United Kingdom | 1996 |
Business Activity of Gems Forex Private Limited
Gems Forex Private Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including 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 for Gems Forex Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Gems Forex Private Limited
Gems Forex Private Limited is audited by NIMESH B. PAREKH & CO for the financial year 2023. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NIMESH B. PAREKH & CO | Locked | Locked | Locked |
Complete auditor history for Gems Forex Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
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- Auditor changes
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Board of Directors of Gems Forex Private Limited
Gems Forex Private Limited is currently managed by 2 directors, with 1 former director having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sangita Arvind Parekh | Director | 15 Jul 2016 | 10 Years 1 Months | Current |
| Vansh Arvind Parekh | Director | 19 May 2025 | 1 Years 3 Months | Current |
Financials of Gems Forex Private Limited FY 2025 filings available
Gems Forex Private Limited reported revenue of ₹56.81 Cr (down 32.00% YoY) for FY 2025.
Ten-year financial statements for Gems Forex Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
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Ownership and Shareholding of Gems Forex Private Limited
Shareholding and ownership data for Gems Forex Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
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- FII and DII holdings
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Charges & Borrowings Gems Forex Private Limited
Gems Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Gems Forex Private Limited
View historical data on people associated with Gems Forex Private Limited, including employment history and EPFO contributions.
Employee and EPFO history for Gems Forex Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Gems Forex Private Limited
GST registrations and filing compliance for Gems Forex Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Gems Forex Private Limited
Credit ratings, litigation, and regulatory alerts for Gems Forex Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Gems Forex Private Limited
MSME payment history for Gems Forex Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Gems Forex Private Limited
Corporate group structure for Gems Forex Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Gems Forex Private Limited
MCA filings and documents for Gems Forex Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Gems Forex Private Limited
Frequently Asked Questions about Gems Forex Private Limited
Gems Forex Private Limited is an active private limited company in the financial services sector based in Mumbai, Maharashtra, India. It was incorporated on 15 July 2016 (10+ years old) and is registered under CIN U74999MH2016PTC283683.
Gems Forex Private Limited reported revenue of ₹56.81 Cr for FY 2025 (down 32.00% YoY).
The current directors of Gems Forex Private Limited are:
- Sangita Arvind Parekh - Director
- Vansh Arvind Parekh - Director
The primary industry of Gems Forex Private Limited is financial services. The company specifically operates in forex services. The company is currently active in this sector.
Gems Forex Private Limited can be reached at the registered office: 6 – C Shyamkamal Chs Ltd Agrawal Market Road Next To Sahakari Bhandar Vile Parle E, Mumbai, Maharashtra, India – 400057, or through the website gemsforex.com.
The authorised capital is ₹30 Lakh, and the paid-up capital is ₹27 Lakh.