K R Forex Private Limited
About K R Forex Private Limited
Data last updated:
K R Forex Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the forex services segment of the financial services sector. It was incorporated on 13 October 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74140GJ2000PTC038793. Its GSTIN is 24AACCK5474B1ZU (Gujarat).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Kruti Rakesh Shah and Rakesh Anantrai Shah.
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 50 – 51 Payal Complex Ground Floor Opp. Vadodara Stock Exchange Limited, Gujarat, India – 390005.
As per the financials filed for FY 2025, the company reported a revenue of ₹3 Lakh, a decline of 45% compared to the previous year. For the same year it recorded a net profit of ₹52,050 (net margin 17.3%) and EBITDA of ₹48,460 (EBITDA margin 16.1%). Revenue has declined at a compounded annual rate (CAGR) of 14% over three years and 9% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address50 – 51 Payal Complex Ground Floor Opp. Vadodara Stock Exchange Limited, Gujarat, India – 390005
- 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 K R Forex Private Limited
The main business activity of K R Forex is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | 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 K R Forex Private Limited FY 2025 filings available
K R Forex Private Limited reported revenue of ₹3 Lakh (down 45% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of K R Forex Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 9% over five years, including a 45% fall in the latest year. EBITDA rose 2% 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 K R Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹48,460 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹52,050 | •••• | •••• | •••• | •••• |
| 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 K R Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 16.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 17.3% | •••• | •••• | •••• | •••• |
| 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 K R 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.
Board of Directors of K R Forex Private Limited
K R Forex has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Kruti Rakesh Shah | Director | 09 Oct 2009 | 17 Years 0 Months | Current |
| Rakesh Anantrai Shah | Director | 13 Oct 2000 | 26 Years 0 Months | Current |
Peer Comparison of K R Forex Private Limited
K R 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 |
|---|---|---|---|---|---|---|
| Ambika Forex Private Limited | ₹3.05 Lakh (FY 2025) | •••• | •••• | -100.0% | •••• | Ahmedabad, Gujarat, India |
| Remiwire Forex Services Private Limited | ₹3.05 Lakh (FY 2024) | •••• | •••• | 652.0% | •••• | Delhi, India |
| Solomon Forex Private Limited | ₹3.03 Lakh (FY 2023) | •••• | •••• | 65.0% | •••• | Delhi, India |
| Chatterjee Enterprises Private Limited | ₹3.02 Lakh (FY 2020) | •••• | •••• | 150774.0% | •••• | Mumbai, Maharashtra, India |
| Jaisurya Financial Services Limited | ₹3.01 Lakh (FY 2024) | •••• | •••• | -60.0% | •••• | Chennai, Tamil Nadu, India |
| K R Forex Private Limited this company | ₹3 Lakh (FY 2025) | •••• | •••• | -45.0% | •••• | Vadodara, Gujarat, India |
| Shree Prakash Jewellers Pvt Ltd | ₹3 Lakh (FY 2025) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Krypton Direct Forex Private Limited | ₹2.98 Lakh (FY 2022) | •••• | •••• | -100.0% | •••• | Mumbai, Maharashtra, India |
| Hriv Moneychanger Private Limited | ₹2.84 Lakh (FY 2025) | •••• | •••• | -94.0% | •••• | Navsari, Gujarat, India |
| Chartered Achievers Finsolutions Limited | ₹2.8 Lakh (FY 2025) | •••• | •••• | -17.0% | •••• | Ernakulam, Kerala, India |
| SB Forex and Vacations Private Limited | ₹2.74 Lakh (FY 2024) | •••• | •••• | -57.0% | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below K R 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.
Auditor Details of K R Forex Private Limited
Auditor information for K R Forex Private Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Ownership and Shareholding of K R Forex Private 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 K R Forex Private Limited
K R Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at K R Forex Private Limited
Employment history and EPFO contributions of people linked to K R 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.
Recent Activity on K R Forex Private Limited
K R Forex Private Limited has 3 board changes on record since 2000: 2 appointments and 1 cessation. The latest: Ketan Bhailal Shah ceased to be Director on 09 Oct 2009.
Credit Ratings, Litigation & Regulatory Alerts for K R 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 K R 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 K R 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 K R Forex Private Limited
K R Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AACCK5474B1ZU | Gujarat | Active | 01 Jul 2017 |
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 K R 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 K R Forex Private Limited
K R Forex is an active private limited company based in Vadodara, Gujarat, India. The company works in forex services, within the financial services industry. It was incorporated on 13 October 2000 (26+ years old) and is registered under CIN U74140GJ2000PTC038793.
K R Forex reported revenue of ₹3 Lakh for FY 2025 (down 45% YoY).
K R Forex has 2 current directors:
- Kruti Rakesh Shah - Director
- Rakesh Anantrai Shah - Director
K R Forex reported a net profit of ₹52,050 (net margin 17.3%) and EBITDA of ₹48,460 (EBITDA margin 16.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of K R Forex is -14% over three years and -9% over five years. In the latest year (FY 2025) revenue fell 45%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of K R Forex is 24AACCK5474B1ZU, registered in Gujarat.
The CIN (Corporate Identification Number) of K R Forex is U74140GJ2000PTC038793. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
K R Forex was incorporated on 13 October 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of K R Forex by revenue are Ambika Forex Private Limited, Remiwire Forex Services Private Limited, Solomon Forex Private Limited, Chatterjee Enterprises Private Limited, Jaisurya Financial Services Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Ketan Bhailal Shah ceased to be Director on 09 Oct 2009. Kruti Rakesh Shah was appointed as Director on 09 Oct 2009. Rakesh Anantrai Shah was appointed as Director on 13 Oct 2000.
The registered office of K R Forex is at 50 – 51 Payal Complex Ground Floor Opp. Vadodara Stock Exchange Limited, Gujarat, India – 390005.