Indore Forex Services Private Limited
About Indore Forex Services Private Limited
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Indore Forex Services Private Limited is a private limited company based in Indore, Madhya Pradesh, India. It operates in the financial auxiliary services segment of the financial services sector. It was incorporated on 31 January 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U67110MP2019PTC047669. Its GSTIN is 23AAFCI1579L1ZC (Madhya Pradesh).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Rahul Thakur and Sunil Jagtap.
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 116 City Center 570 M.G. Road, Indore, Madhya Pradesh, India – 452001.
As per the financials filed for FY 2025, the company reported a revenue of ₹12.23 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹90,461 (net margin 0.1%) and EBITDA of ₹1.29 Lakh (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 57% over three years and 127% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Indore Forex Services Private Limited's registered office is in Indore, Madhya Pradesh. Its e-mail address is in the company report.
- Email
- Registered Address116 City Center 570 M.G. Road, Indore, Madhya Pradesh, India – 452001
- IndustryFinancial Services, Auxiliary To Financial Intermediatory, Financial Market Administration
To see the full contact details of Indore Forex Services 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 Indore Forex Services is financial and insurance service. In detail, this covers fund management services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K6 | Fund Management Services |
To see the full business activity and turnover split of Indore Forex Services Private Limited, buy the company report.
Financials of Indore Forex Services Private Limited
FY 2025 filings availableIndore Forex Services Private Limited reported revenue of ₹12.23 Cr (down 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 127%. EBITDA fell 15% 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 | ₹1.29 Lakh | ||||
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| Net Profit (PAT) | ₹90,461 | ||||
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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 | 0.1% | ||||
| Net Profit Margin | 0.1% | ||||
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To see the full financial statements and ratios of Indore Forex Services Private Limited, buy the company report.
Board of directors of Indore Forex Services Private Limited
Indore Forex Services has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rahul Thakur | Director | 16 Nov 2020 | 5 Years 11 Months | Current |
| Sunil Jagtap | Director | 16 Nov 2020 | 5 Years 11 Months | Current |
Legal cases
Indore Forex Services Private Limited has 1 court case on record: 1 filed by Indore Forex Services. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed by the company against Union of India Through Secretary Ministry of Finance Secretary Department of Revenue No. 137 North Block, Cabinet Secretariat, Raisina Hill, New Delhi ,New Delhi , Delhi and 1 other | Disposed |
To see the full case history of Indore Forex Services Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Indore Forex Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Indore Forex Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAFCI1579L1ZC | Madhya Pradesh | Active | 15 Nov 2019 |
To see the full GST registrations and return filing status of Indore Forex Services Private Limited, buy the company report.
Recent activity
Indore Forex Services Private Limited has 6 board changes on record since 2020: 2 appointments and 4 cessations. The latest: Rahul Thakur ceased to be Additional Director on 30 Nov 2021.
Frequently asked questions
Indore Forex Services is an active private limited company based in Indore, Madhya Pradesh, India. The company works in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 31 January 2019 (7+ years old) and is registered under CIN U67110MP2019PTC047669.
Indore Forex Services has 2 current directors:
- Rahul Thakur - Director
- Sunil Jagtap - Director
The latest financial statements of Indore Forex Services 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 2019 are in the company report.
The GSTIN of Indore Forex Services is 23AAFCI1579L1ZC, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Indore Forex Services is U67110MP2019PTC047669. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Indore Forex Services has 1 court case on record: 1 filed by the company.
Indore Forex Services was incorporated on 31 January 2019, making it 7+ years old. It is registered with the Registrar of Companies, Gwalior.
Rahul Thakur ceased to be Additional Director on 30 Nov 2021. Sunil Jagtap ceased to be Additional Director on 30 Nov 2021. Mahesh Kumar Bajaj ceased to be Director on 19 Nov 2020. Indore Forex Services has 6 board changes on record in total.
The registered office of Indore Forex Services is at 116 City Center 570 M.G. Road, Indore, Madhya Pradesh, India – 452001.
Indore Forex Services operates in the financial services industry, in the auxiliary to financial intermediatory segment.