About I-Forex (India) Private Limited
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I-Forex (India) Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the forex services segment of the financial services sector. It was incorporated on 24 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U63040KA2016PTC087217. Its GSTIN is 29AAECI0972J1ZA (Karnataka). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹80 Lakh and a paid-up capital of ₹80 Lakh. It is led by directors Yelahanka Puttaraju Rajesh and Shakthi Velu Mani.
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 117 Old No:2 9th Main 27th Cross 3rd Block Jayanagar, Bangalore, Karnataka, India – 560011.
As per the financials filed for FY 2025, the company reported a revenue of ₹151.81 Cr, a decline of 44% compared to the previous year. For the same year it recorded a net profit of ₹12.24 Lakh (net margin 0.1%) and EBITDA of ₹29.79 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 22% over three years and 12% over five years.
The company has about 11 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹1.2 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website iforexindia.com.
Company details
Contact details
I-Forex (India) Private Limited's registered office is in Bangalore, Karnataka. Its website is iforexindia.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address117 Old No:2 9th Main 27th Cross 3rd Block Jayanagar, Bangalore, Karnataka, India – 560011
- IndustryFinancial Services, Forex Services
To see the full contact details of I-Forex (India) Private Limited, buy the company report.
- 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
Business activity
The main business activity of I-Forex (India) is support service to organizations. In detail, this covers other support services to organizations.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of I-Forex (India) Private Limited, buy the company report.
Financials of I-Forex (India) Private Limited
FY 2025 filings availableI-Forex (India) Private Limited reported revenue of ₹151.81 Cr (down 44% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 44% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 12%. EBITDA fell 53% 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹29.79 Lakh | ||||
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| Net Profit (PAT) | ₹12.24 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 0.2% | ||||
| Net Profit Margin | 0.1% | ||||
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To see the full financial statements and ratios of I-Forex (India) Private Limited, buy the company report.
Board of directors of I-Forex (India) Private Limited
I-Forex (India) has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yelahanka Puttaraju Rajesh Also directs: Itravel Lounge LLP | Director | 24 Mar 2016 | 10 Years 7 Months | Current |
| Shakthi Velu Mani Also directs: Itravel Lounge LLP, Jetquid Technologies Private Limited, Merair Travel and Tours Private Limited and 2 more | Director | 24 Mar 2016 | 10 Years 7 Months | Current |
Auditor
I-Forex (India) Private Limited is audited by Pramod and Darshan for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Pramod and Darshan | FY 2024 | 015211S |
Shareholding
The shareholding of I-Forex (India) Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of I-Forex (India) Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Jan 2018 | 100158923 | Yes Bank Limited | ₹50 Lakh | Satisfied | |
| 31 Jan 2017 | 100075175 | Others | ₹70 Lakh | Satisfied |
To see the full charge records of I-Forex (India) Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving I-Forex (India) Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for I-Forex (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
I-Forex (India) Private Limited has a workforce of 11 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
I-Forex (India) has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECI0972J1ZA | Karnataka | Active | 01 Jul 2017 |
| 07AAECI0972J1ZG | Delhi | Active | 02 Dec 2019 |
To see the full GST registrations and return filing status of I-Forex (India) Private Limited, buy the company report.
Recent activity
I-Forex (India) Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Shakthi Velu Mani was appointed as Director on 24 Mar 2016.
Frequently asked questions
I-Forex (India) is an active private limited company based in Bangalore, Karnataka, India. The company works in forex services, within the financial services industry. It was incorporated on 24 March 2016 (10+ years old) and is registered under CIN U63040KA2016PTC087217.
I-Forex (India) has 2 current directors:
- Yelahanka Puttaraju Rajesh - Director
- Shakthi Velu Mani - Director
The latest financial statements of I-Forex (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2016 are in the company report.
The GSTIN of I-Forex (India) is 29AAECI0972J1ZA, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 07AAECI0972J1ZG (Delhi).
The CIN (Corporate Identification Number) of I-Forex (India) is U63040KA2016PTC087217. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
I-Forex (India) was incorporated on 24 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Bangalore.
Shakthi Velu Mani was appointed as Director on 24 Mar 2016. Yelahanka Puttaraju Rajesh was appointed as Director on 24 Mar 2016.
I-Forex (India) can be reached through the website iforexindia.com. Its registered office is in Bangalore, Karnataka, India.
The registered office of I-Forex (India) is at 117 Old No:2 9th Main 27th Cross 3rd Block Jayanagar, Bangalore, Karnataka, India – 560011.
I-Forex (India) operates in the financial services industry, in the forex services segment.
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