Hamraj Forex Private Limited
About Hamraj Forex Private Limited
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Hamraj Forex Private Limited is a private limited company based in Kozhikode, Kerala, India. It operates in the forex services segment of the financial services sector. It was incorporated on 22 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U66190DL2019PTC461549. Its GSTIN is 07AAFCH0804H1ZY (Delhi). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹52 Lakh and a paid-up capital of ₹51 Lakh. It is led by directors Akhil Raj Valsaraj and Thattarathil Muhammed Hamdan.
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 62/1548/1st Floor Mn Avenue Near 4th Railway Gate Ymca Calicut, Kozhikode, Kerala, India – 673001.
As per the financials filed for FY 2024, the company reported a revenue of ₹117.16 Cr, a growth of 116% compared to the previous year. For the same year it recorded a net profit of ₹8.93 Lakh (net margin 0.1%) and EBITDA of ₹15.03 Lakh (EBITDA margin 0.1%).
The company has 1 deal on record (1 funding round), with disclosed funding of ₹25 Lakh; the latest was in March 2021. Its 10 peer companies in the BFSI industry (Money Exchange Services) are compared by revenue, 5 larger and 5 smaller; the largest is Palta Forex and Consultancy Private Limited with revenue of ₹121.05 Cr.
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- Registered Address62/1548/1st Floor Mn Avenue Near 4th Railway Gate Ymca Calicut, Kozhikode, Kerala, India – 673001
- 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 Hamraj Forex Private Limited
The main business activity of Hamraj Forex is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | 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 Hamraj Forex Private Limited FY 2024 filings available
Hamraj Forex Private Limited reported revenue of ₹117.16 Cr (up 116% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Hamraj Forex Private Limited
Revenue rose 116% in the latest year. EBITDA rose 108% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Hamraj Forex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹15.03 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.93 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 Hamraj Forex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.1% | •••• | •••• | •••• | •••• |
| 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 Hamraj Forex are in the company report.
Financial statements from FY 2020
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 Hamraj Forex Private Limited
Hamraj 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 |
|---|---|---|---|---|---|---|
| Palta Forex and Consultancy Private Limited | ₹121.05 Cr (FY 2025) | •••• | •••• | 2216.0% | •••• | Faridabad, Haryana, India |
| Palak Forex Private Limited | ₹119.48 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Mumbai, Maharashtra, India |
| Vaayu International Forex Services Private Limited | ₹118.9 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Vijayanagar, Karnataka, India |
| Ultimate Forex Private Limited | ₹118.09 Cr (FY 2024) | •••• | •••• | 122.0% | •••• | Kolkata, West Bengal, India |
| Ebix Paytech Private Limited | ₹117.52 Cr (FY 2023) | •••• | •••• | 3263.0% | •••• | Mumbai, Maharashtra, India |
| Hamraj Forex Private Limited this company | ₹117.16 Cr (FY 2024) | •••• | •••• | 116.0% | •••• | Kozhikode, Kerala, India |
| Richmen Forex Private Limited | ₹116.81 Cr (FY 2025) | •••• | •••• | 0.0% | •••• | Bangalore, Karnataka, India |
| Simply Money Services Private Limited | ₹115.97 Cr (FY 2018) | •••• | •••• | -31.0% | •••• | New Delhi, Delhi, India |
| Khanna Forex Private Limited | ₹115.2 Cr (FY 2025) | •••• | •••• | -8.0% | •••• | Delhi, India |
| Swara Money Exchange Private Limited | ₹115.16 Cr (FY 2024) | •••• | •••• | -4.0% | •••• | Kolkata, West Bengal, India |
| DDP Travel Forex Private Limited | ₹110.11 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Hamraj 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.
Board of Directors of Hamraj Forex Private Limited
Hamraj Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Akhil Raj Valsaraj | Director | 22 Oct 2019 | 6 Years 11 Months | Current |
| Thattarathil Muhammed Hamdan Also directs: Axisstay Private Limited | Director | 22 Oct 2019 | 6 Years 11 Months | Current |
Charges & Borrowings of Hamraj Forex Private Limited
Hamraj Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Hamraj Forex Private Limited
Hamraj Forex Private Limited has 1 deal on record (1 funding round), with disclosed funding of ₹25 Lakh; the latest was in March 2021.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2021 | Funding round | ₹25 Lakh | Investors: 2 individuals |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Hamraj Forex Private Limited
Employment history and EPFO contributions of people linked to Hamraj 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.
CIN History of Hamraj Forex Private Limited
Hamraj Forex has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U66190DL2019PTC461549, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U66190DL2019PTC461549 | Current |
| U67100KL2019PTC060045 | Previous |
| U66190KL2019PTC060045 | Previous |
Recent Activity on Hamraj Forex Private Limited
Hamraj Forex Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Akhil Raj Valsaraj was appointed as Director on 22 Oct 2019.
Credit Ratings, Litigation & Regulatory Alerts for Hamraj 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 Hamraj 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 Hamraj 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 Hamraj Forex Private Limited
Hamraj Forex has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AAFCH0804H1ZY | Delhi | Active | 09 Jan 2024 |
| 32AAFCH0804H1Z5 | Kerala | Active | 01 Jun 2020 |
| 27AAFCH0804H1ZW | Maharashtra | Active | 25 Oct 2023 |
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 Hamraj 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 Hamraj Forex Private Limited
Hamraj Forex is an active private limited company based in Kozhikode, Kerala, India. The company works in forex services, within the financial services industry. It was incorporated on 22 October 2019 (7+ years old) and is registered under CIN U66190DL2019PTC461549.
Hamraj Forex reported revenue of ₹117.16 Cr for FY 2024 (up 116% YoY).
Hamraj Forex has 2 current directors:
- Akhil Raj Valsaraj - Director
- Thattarathil Muhammed Hamdan - Director
Hamraj Forex reported a net profit of ₹8.93 Lakh (net margin 0.1%) and EBITDA of ₹15.03 Lakh (EBITDA margin 0.1%) for FY 2024, as per its filed financial statements.
The GSTIN of Hamraj Forex is 07AAFCH0804H1ZY, registered in Delhi. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 32AAFCH0804H1Z5 (Kerala), 27AAFCH0804H1ZW (Maharashtra).
The CIN (Corporate Identification Number) of Hamraj Forex is U66190DL2019PTC461549. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Hamraj Forex was incorporated on 22 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Ernakulam.
Hamraj Forex has 1 deal on record (1 funding round), with disclosed funding of ₹25 Lakh; the latest was in March 2021.
The peers of Hamraj Forex by revenue are Palta Forex and Consultancy Private Limited, Palak Forex Private Limited, Vaayu International Forex Services Private Limited, Ultimate Forex Private Limited, Ebix Paytech Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Akhil Raj Valsaraj was appointed as Director on 22 Oct 2019. Thattarathil Muhammed Hamdan was appointed as Director on 22 Oct 2019.
The registered office of Hamraj Forex is at 6215481st Floor Mn Avenue Near 4th Railway Gate Ymca Calicut, Kozhikode, Kerala, India – 673001.