Ibs Forex Limited
About Ibs Forex Limited
Data last updated:
Ibs Forex Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of 63 Moons Technologies Limited. The company is currently under liquidation, meaning its assets are being sold to settle outstanding debts. It may not have the legal capacity to fulfil new contracts. It operates in the financial exchanges segment of the financial services sector. It was incorporated on 09 February 2001.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2001PLC130813. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹7 Cr and a paid-up capital of ₹7 Cr. It was formerly known as Ibs Forex Private Limited. It is led by directors including Pravin Prakash Sawant and Devendra Kumar Agrawal.
Its last annual general meeting (AGM) was held on 29 September 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at Ft Tower Cts No. 256 & 257 Suren Road Chakala Andheri (East), Mumbai, Maharashtra, India – 400093.
As per the financials filed for FY 2020, the company reported a revenue of ₹55.04 Lakh, a decline of 2% compared to the previous year. For the same year it recorded a net profit of ₹44.68 Lakh (net margin 81.2%) and EBITDA of ₹50.8 Lakh (EBITDA margin 92.3%). Revenue has grown at a compounded annual rate (CAGR) of 1% over three years.
Court records list 1 case involving the company, including 1 filed against it.
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- Registered AddressFt Tower Cts No. 256 & 257 Suren Road Chakala Andheri (East), Mumbai, Maharashtra, India – 400093
- IndustryFinancial Services, Financial Exchanges
- 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
Financials of Ibs Forex Limited FY 2020 filings available
Ibs Forex Limited reported revenue of ₹55.04 Lakh (down 2% YoY) for FY 2020.
Compounded Annual Growth Rate (CAGR) of Ibs Forex Limited
Revenue fell 2% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 6% 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 Ibs Forex Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| 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 | ₹50.8 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹44.68 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 Ibs Forex Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 92.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 81.2% | •••• | •••• | •••• | •••• |
| 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 Ibs 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 Ibs Forex Limited
Ibs Forex Limited is compared with the companies closest to it by revenue in the BFSI industry (Finance, Stock and Commodity Exchanges). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Greenline Leasing and Finance Pvt. Ltd. | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Ideal Project Finance Services Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
| Walton Finance Private Limited | •••• | •••• | •••• | •••• | - | Delhi, India |
| G.H.S. Finance Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Campanula Investment and Finance Pvt Ltd | •••• | •••• | •••• | •••• | - | Pune, Maharashtra, India |
| Ibs Forex Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Five Salts Private Limited | •••• | •••• | •••• | •••• | 13 | Bangalore, Karnataka, India |
| Core Resource Finance Ltd | •••• | •••• | •••• | •••• | - | Kolkata, West Bengal, India |
| Sera Investments & Finance India Limited Listed | •••• | •••• | •••• | •••• | 11 | Ahmadabad City, Gujarat, India |
| Manraj Housing Finance Limited Listed | •••• | •••• | •••• | •••• | - | Jalgaon, Maharashtra, India |
| Achi Finance and Management Consultancy Private Limited | •••• | •••• | •••• | •••• | - | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Ibs Forex by revenue in the BFSI industry (Finance, Stock and Commodity Exchanges), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Ibs Forex Limited
Ibs Forex Limited is audited by CHATURVEDI SOHAN & CO for the financial year 2019.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| CHATURVEDI SOHAN & 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 Ibs Forex Limited
Ibs Forex has 3 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Devendra Kumar Agrawal Also directs: 63 Moons Technologies Limited, 63Sats Cybertech Limited, Financial Technologies Communications Limited and 1 more | Nominee Director | 15 Nov 2011 | 14 Years 10 Months | As last reported |
| Rakesh Dilipkumar Gandhi Also directs: 3.0 Verse Limited | Additional Director | 02 Mar 2021 | 5 Years 7 Months | As last reported |
| Pravin Prakash Sawant Also directs: FT Knowledge Management Company Limited, Apian Finance and Investment Ltd, FT Projects Limited and 1 more | Director | 02 Sep 2015 | 11 Years 1 Months | As last reported |
Ownership and Shareholding of Ibs Forex 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 Ibs Forex Limited
Ibs Forex Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Ibs Forex Limited
Ibs Forex Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 01 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Hyderabad CCC, Telangana | Civil suit | Filed against the company by Icfain Foundation | Disposed |
Full case history
All 1 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.
Employees and EPFO Compliance at Ibs Forex Limited
Employment history and EPFO contributions of people linked to Ibs 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 Ibs Forex Limited
Ibs Forex has one previous CIN (Corporate Identification Number): U67190MH2001PTC130813. The current CIN is U67190MH2001PLC130813, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67190MH2001PLC130813 | Current |
| U67190MH2001PTC130813 | Previous |
Recent Activity on Ibs Forex Limited
Ibs Forex Limited has 16 board changes on record since 2011: 3 appointments and 13 cessations. The latest: Arindam Saha ceased to be Director on 02 Mar 2021.
7 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Ibs Forex 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 Ibs Forex 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 Ibs Forex 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 Ibs Forex Limited
Ibs Forex has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Ibs Forex 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 Ibs Forex Limited
Ibs Forex is currently "Under Liquidation" as per MCA records. The company's assets are being sold to settle outstanding debts owed to creditors. A company under liquidation may not have the legal capacity to fulfil new contracts, and creditors are prioritised in the distribution of proceeds. This is a high-risk status - caution is strongly advised.
Ibs Forex is a company under liquidation, formerly operating as a public limited company based in Mumbai, Maharashtra, India. The company works in financial exchanges, within the financial services industry. It was incorporated on 09 February 2001 and is registered under CIN U67190MH2001PLC130813. Caution is advised - the company may not have the legal capacity to fulfil new agreements.
Ibs Forex reported revenue of ₹55.04 Lakh for FY 2020 (down 2% YoY).
Ibs Forex has 3 current directors:
- Devendra Kumar Agrawal - Nominee Director
- Rakesh Dilipkumar Gandhi - Additional Director
- Pravin Prakash Sawant - Director
Ibs Forex reported a net profit of ₹44.68 Lakh (net margin 81.2%) and EBITDA of ₹50.8 Lakh (EBITDA margin 92.3%) for FY 2020, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Ibs Forex is 1% over three years. In the latest year (FY 2020) revenue fell 2%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Ibs Forex is U67190MH2001PLC130813. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ibs Forex has 1 court case on record: 1 filed against it.
Ibs Forex was incorporated on 09 February 2001. It is registered with the Registrar of Companies, Mumbai.
The peers of Ibs Forex by revenue are Greenline Leasing and Finance Pvt. Ltd, Ideal Project Finance Services Private Limited, Walton Finance Private Limited, G.H.S. Finance Private Limited, Campanula Investment and Finance Pvt Ltd and 5 more, all in the BFSI industry (Finance, Stock and Commodity Exchanges).
Arindam Saha ceased to be Director on 02 Mar 2021. Rakesh Dilipkumar Gandhi was appointed as Additional Director on 02 Mar 2021. Ramanathan Padmanabhan ceased to be Company Secretary on 18 Feb 2021. Ibs Forex has 16 board changes on record in total.