Honest Deal Forex Limited - Company Profile

It is a financial services public limited company based in Kanpur, Uttar Pradesh, India, established in 2010.
2010 Kanpur, Uttar Pradesh, India Active
Last Updated:
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About Honest Deal Forex Limited

Honest Deal Forex Limited, a active public limited company, was established on 22 April 2010 in Kanpur, Uttar Pradesh, India. Engaging in forex services within the financial and insurance service sector, it holds CIN: U63000UP2010PLC040326. Registered under ROC Roc Kanpur. it is unlisted. It has an authorized capital of ₹11.17 Cr and a paid-up capital of ₹10.49 Cr.

Formerly known as Honest Deal Forex Limited, Arm Forex Limited. It upholds a compliant status. Its leadership includes Ritu Maheshwari (Managing Director), Aditya Raj Maheshwari (Director), Vatsal Raj Maheshwari (Cfo). Past directors included Rishi Raj Maheshwari. It holds ₹1.00 M open charges and no settled loans. Its latest AGM occurred on 30 September 2024, with the balance sheet filed on 31 March 2024. It is based at 24/56,Chest Clinic Building,2Nd Floor Birhana Road, Kanpur, Uttar Pradesh, 208001.

Company Details
  • Email
    **********
  • Telephone

    +91-XXXXXXXXXX

  • Website
    **********
  • Social Media
    **********
  • Apps
    **********

Company Details

  • CIN/LLPIN

    U63000UP2010PLC040326

  • Registration Number

    040326

  • Incorporation Date

    22 April 2010

  • Authorized Capital

    ₹11.17 Cr

  • Paid-Up Capital

    ₹10.49 Cr

  • ROC Code

    Roc Kanpur

  • Listing Status

    Unlisted

  • Company Status

    Active

Key Metrics
  • Authorised Capital ₹ 11.17 Cr
  • Paid Up Capital ₹ 10.49 Cr
  • Company Age 15 Year, 10 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 1.00 M
  • Revenue Growth **** -85.86%
  • Profit Growth **** -37.90%
  • Ebitda **** 9.90%
  • Net Worth 0.13%
  • Total Assets **** 13.40%
Company report

Honest Deal Forex Limited

Company Report FY 2025-2026

Comprehensive Company Insights

Explore comprehensive insights into Honest Deal Forex Limited — covering financial performance, compliance records, Competitor, shareholding patterns, directors, key metrics, and litigation history. Unlock to see detailed insights and stay informed.

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Who are the key members and board of directors at Honest Deal Forex Limited?
Current Directors
Name Designation Appointment Date Status
Ritu Maheshwari Managing Director 22 Apr 2010 Current
Aditya Raj Maheshwari Director 22 Apr 2010 Current
Vatsal Raj Maheshwari Cfo 08 Aug 2024 Current
Past Directors
Name Designation Cessation Status
Pramod Abcsdd Cfo - Past

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Financial Performance of Honest Deal Forex.

Honest Deal Forex Limited, for the financial year ended 2021, experienced significant reduction in revenue, with a 85.86% decrease. The company also saw a substantial fall in profitability, with a 37.9% decrease in profit. The company's net worth moved up by a moderate rise of 0.13%.

Honest Deal Forex revenue growth over time
Honest Deal Forex profit and loss trends over time
Date Amount Transaction Name Valuation Lead Investors Investors
Jul, 2021 Amount Post-IPO - Grab Valuation

investors
Emtek
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
Jan, 2021 Amount Post-IPO - Grab Valuation

investors
Hana Financial Group , GGV Capital
Feb, 2021 Amount Post-IPO - Grab Valuation

investors
Signite Partners
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023) YOY Growth
(FY 2022) (FY 2021) (FY 2020) (FY 2019)
Total Revenue
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 -85.86%
*******
*******
*******
*******
Revenue from Operations
*******
 -86.91%
*******
*******
*******
*******
Total Assets
*******
 13.40%
*******
*******
*******
*******
Profit or Loss
*******
 -37.90%
*******
*******
*******
*******
Net Worth
*******
 0.13%
*******
*******
*******
*******
EBITDA
*******
 9.90%
*******
*******
*******
*******

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What is the Ownership and Shareholding Structure of Honest Deal Forex?

In 2024, Honest Deal Forex had a promoter holding of 7.34% and a public holding of 92.66%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Pattern (FY 2024)
shareholding
  • Promoters: 92.83%
  • Public: 4.10%
  • Others: 3.07%
Shareholding Pattern over the Year
FY (2024) FY (2023) FY (2022) FY (2021) FY (2020)
Promoters 92.83 94.62 94.55 94.55 94.55
Public 4.10 3.89 3.95 3.96 3.98
Others 3.07 1.49 1.50 1.49 1.47

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Charges (Loans)
Open Charges

₹1,000,000.00

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions
  • Others : 0.10 Cr
Latest Charge Details
Date Lender Amount Status
24 Nov 2022 Others ₹1.00 M Open

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How Many Employees Work at Honest Deal Forex?

Honest Deal Forex has a workforce of 0 employees as of Apr 09, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Employee Date Number of Employees
2020 78,000
2021 80,500
2022 83,200
2023 86,000
2024 89,500
2025 92,000
Deals i
Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Honest Deal Forex, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Honest Deal Forex's trajectory.

Rating
Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts
Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

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Latest Updates, News, and FAQs on Honest Deal Forex
Recent Activity within the Organization
  • Annual General Meeting

    Progress on Honest Deal Forex Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records. was documented.

  • Director Appointment

    Vatsal Raj Maheshwari was appointed as a Cfo was appointed as a Cfo on 09 Aug 2024 & has been associated with this company since 1 year 6 months . was recorded as a recent event.

  • Director Appointment

    Progress on Vatsal Raj Maheshwari was appointed as a CFO was appointed as a CFO on 08 Aug 2024 & has been associated with this company since 1 year 6 months . was documented.

  • Balance Sheet

    Progress on Honest Deal Forex Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Kanpur. was documented.

  • Charges

    The activity A charge with Others amounted to Rs. 0.10 Cr with Charge ID 100651491 was registered on 24 Nov 2022. was completed.

  • Director Appointment

    The activity Ritu Maheshwari was appointed as a Managing Director was appointed as a Managing Director on 22 Apr 2010 & has been associated with this company since 15 years 10 months . was completed.

Explore recent activity and updates - View Recent Activity

Frequently Asked Questions
What is the CIN of Honest Deal Forex Limited?

The CIN of Honest Deal Forex Limited is U63000UP2010PLC040326.

Where is Honest Deal Forex Limited headquartered?

Honest Deal Forex Limited is headquartered at 24/56,Chest Clinic Building,2Nd Floor Birhana Road, Kanpur, Uttar Pradesh, 208001.

When was Honest Deal Forex Limited incorporated?

Honest Deal Forex Limited was incorporated on 22 April 2010.

Who are the current directors of Honest Deal Forex Limited?

The current directors of Honest Deal Forex Limited are

What is the primary industry of Honest Deal Forex Limited?

The primary industry of Honest Deal Forex Limited is Financial And Insurance Service.

Is Honest Deal Forex Limited a listed company?

Honest Deal Forex Limited is unlisted.

What is the capital structure of Honest Deal Forex Limited?

The authorized capital of Honest Deal Forex Limited is ₹11.17 Cr, and the paid-up capital is ₹10.49 Cr.

What is the compliance status of Honest Deal Forex Limited?

The compliance status of Honest Deal Forex Limited is Compliant.

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