About Gems Forex Private Limited
Data last updated:
Gems 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 15 July 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2016PTC283683. Its GSTIN is 27AAGCG4447C1ZR (Maharashtra).
The company has 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.
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 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. For the same year it recorded a net profit of ₹7.04 Lakh (net margin 0.1%) and EBITDA of ₹20.92 Lakh (EBITDA margin 0.4%). Revenue has declined at a compounded annual rate (CAGR) of 28% over three years and 28% over five years.
The company is associated with 1 brand: Gems Forex. Court records list 2 cases involving the company, including 2 filed by the company; 2 cases are pending.
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.
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address6 – C Shyamkamal Chs Ltd Agrawal Market Road Next To Sahakari Bhandar Vile Parle (E), Mumbai, Maharashtra, India – 400057
- IndustryFinancial Services, Forex 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 Gems Forex Private Limited
The main business activity of Gems 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 Gems Forex Private Limited FY 2025 filings available
Gems Forex Private Limited reported revenue of ₹56.81 Cr (down 32% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Gems Forex Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 28% over five years, including a 32% fall in the latest year. EBITDA fell 24% 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 Gems 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 | ₹20.92 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹7.04 Lakh | •••• | •••• | •••• | •••• |
| 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 Gems Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.1% | •••• | •••• | •••• | •••• |
| 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 Gems Forex are in the company report.
Financial statements from FY 2017
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 Gems Forex Private Limited
Gems Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange 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 |
|---|---|---|---|---|---|---|
| Go Forex Private Limited | ₹59.02 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Gurgaon, Haryana, India |
| Azzure Forex and Travels Private Limited | ₹58.69 Cr (FY 2025) | •••• | •••• | 28.0% | •••• | New Delhi, Delhi, India |
| Sba Forex Services Private Limited | ₹58.27 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Bangalore, Karnataka, India |
| Anam FX Exchange Private Limited | ₹57.58 Cr (FY 2024) | •••• | •••• | 96.0% | •••• | New Delhi, Delhi, India |
| Praj Forex Private Limited | ₹57.5 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Pune, Maharashtra, India |
| Gems Forex Private Limited this company | ₹56.81 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Mumbai, Maharashtra, India |
| JNM Forex Private Limited | ₹56.65 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Mumbai, Maharashtra, India |
| Jain Forex Private Limited | ₹56.52 Cr (FY 2025) | •••• | •••• | 19.0% | •••• | Hyderabad, Telangana, India |
| Hedge Money Private Limited | ₹56 Cr (FY 2025) | •••• | •••• | -53.0% | •••• | Chandigarh, India |
| Jawaharlal Jethalal Enterprises Private Limited | ₹55.68 Cr (FY 2024) | •••• | •••• | 148.0% | •••• | Raipur, Chhattisgarh, India |
| Citylight Forex Private Limited | ₹55.27 Cr (FY 2019) | •••• | •••• | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Gems Forex by revenue in the BFSI industry (Money Exchange 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 Gems Forex Private Limited
Gems Forex Private Limited is audited by NIMESH B. PAREKH & CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NIMESH B. PAREKH & CO | 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 Gems Forex Private Limited
Gems Forex has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sangita Arvind Parekh | Director | 15 Jul 2016 | 10 Years 2 Months | Current |
| Vansh Arvind Parekh | Director | 19 May 2025 | 1 Years 4 Months | Current |
Ownership and Shareholding of Gems 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 Gems Forex Private Limited
Gems Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Gems Forex Private Limited
Gems Forex Private Limited has 2 court cases on record: 2 filed by Gems Forex. All cases are pending. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 2 |
Cases on record (1 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Income Tax Officer Ward 9 3 1 Mumbai | Pending |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Gems Forex Private Limited
Gems Forex operates one associated brand: Gems Forex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Operates as a reliable foreign exchange service provider for clients. | gemsforex.com |
Employees and EPFO Compliance at Gems Forex Private Limited
Employment history and EPFO contributions of people linked to Gems 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 Gems Forex Private Limited
Gems Forex Private Limited has 3 board changes on record since 2016: 2 appointments and 1 cessation. The latest: Arvind Vanechand Parekh ceased to be Director on 19 May 2025.
Credit Ratings, Litigation & Regulatory Alerts for Gems 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 Gems 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 Gems 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 Gems Forex Private Limited
Gems Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAGCG4447C1ZR | Maharashtra | 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 Gems 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 Gems Forex Private Limited
Gems 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 15 July 2016 (10+ years old) and is registered under CIN U74999MH2016PTC283683.
Gems Forex reported revenue of ₹56.81 Cr for FY 2025 (down 32% YoY).
Gems Forex has 2 current directors:
- Sangita Arvind Parekh - Director
- Vansh Arvind Parekh - Director
Gems Forex reported a net profit of ₹7.04 Lakh (net margin 0.1%) and EBITDA of ₹20.92 Lakh (EBITDA margin 0.4%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Gems Forex is -28% over three years and -28% over five years. In the latest year (FY 2025) revenue fell 32%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Gems Forex is 27AAGCG4447C1ZR, registered in Maharashtra.
The CIN (Corporate Identification Number) of Gems Forex is U74999MH2016PTC283683. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Gems Forex has 2 court cases on record: 2 filed by the company. 2 are pending.
Gems Forex was incorporated on 15 July 2016, making it 10+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Gems Forex by revenue are Go Forex Private Limited, Azzure Forex and Travels Private Limited, Sba Forex Services Private Limited, Anam FX Exchange Private Limited, Praj Forex Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Arvind Vanechand Parekh ceased to be Director on 19 May 2025. Vansh Arvind Parekh was appointed as Director on 19 May 2025. Sangita Arvind Parekh was appointed as Director on 15 Jul 2016.