Karkesh Forex Services Private Limited
About Karkesh Forex Services Private Limited
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Karkesh Forex Services Private Limited is a private limited company based in Thiruvarur, Tamil Nadu, India. It operates in the forex services segment of the financial services sector. It was incorporated on 25 November 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65929TN2017PTC119689.
The company has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.4 Cr. It is led by directors including Subramanian Ramprasad and Subramaniyan Karthikeyan.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at No – 28 Kamalalayam North Bank, Thiruvarur, Tamil Nadu, India – 610001.
As per the financials filed for FY 2023, the company reported a revenue of ₹10.08 Lakh, a decline of 30% compared to the previous year. For the same year it recorded a net loss of ₹14.13 Lakh (net margin -140.2%) and EBITDA of -₹12.11 Lakh (EBITDA margin -120.1%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years.
The company has about 3 employees on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Karkesh Forex Services Private Limited's registered office is in Thiruvarur, Tamil Nadu.
- Registered AddressNo – 28 Kamalalayam North Bank, Thiruvarur, Tamil Nadu, India – 610001
- 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
Business activity
The main business activity of Karkesh Forex Services is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Karkesh Forex Services Private Limited, buy the company report.
Financials of Karkesh Forex Services Private Limited
FY 2023 filings availableKarkesh Forex Services Private Limited reported revenue of ₹10.08 Lakh (down 30% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over three years, including a 30% fall in the latest year. EBITDA rose 10% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | -₹12.11 Lakh | ||||
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| Net Profit (PAT) | -₹14.13 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | -120.1% | ||||
| Net Profit Margin | -140.2% | ||||
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To see the full financial statements and ratios of Karkesh Forex Services Private Limited, buy the company report.
Board of directors of Karkesh Forex Services Private Limited
Karkesh Forex Services has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Subramanian Ramprasad | Director | 25 Nov 2017 | 8 Years 10 Months | Current |
| Subramaniyan Karthikeyan | Director | 25 Nov 2017 | 8 Years 10 Months | Current |
| Sangari Ramanathan | Director | 25 Nov 2017 | 8 Years 10 Months | Current |
Peer comparison
Karkesh Forex Services Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Forex Services, Money Exchange Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Zen Forex and Management Private Limited | ₹10.47 Lakh (FY 2024) | -19.0% | Secunderabad, Telangana, India | |||
| Sreelall Foreign Money Changers Private Limited | ₹10.15 Lakh (FY 2025) | 12.0% | Kolkata, West Bengal, India | |||
| Karkesh Forex Services Private Limitedthis company | ₹10.08 Lakh (FY 2023) | -₹14.13 Lakh | -140.2% | -30.0% | Thiruvarur, Tamil Nadu, India | |
| Dheva Forex Private Limited | ₹10.07 Lakh (FY 2023) | 149.0% | Chennai, Tamil Nadu, India | |||
| Hepriko Forex Private Limited | ₹10.02 Lakh (FY 2025) | -38.0% | Ahmedabad, Gujarat, India | |||
| Nirankar Forex Private Limited | ₹9.53 Lakh (FY 2024) | 37.0% | Ajmer, Rajasthan, India | |||
| Nagvekar Forex Private Limited | ₹9.53 Lakh (FY 2023) | 41.0% | Mapusa Bardez, Goa, India |
To see the full peer comparison of Karkesh Forex Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Karkesh Forex Services 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 Karkesh Forex Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Karkesh Forex Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Karkesh Forex Services Private Limited has 3 board changes on record since 2017: 3 appointments. The latest: Sangari Ramanathan was appointed as Director on 25 Nov 2017.
Frequently asked questions
Karkesh Forex Services is an active private limited company based in Thiruvarur, Tamil Nadu, India. The company works in forex services, within the financial services industry. It was incorporated on 25 November 2017 (9+ years old) and is registered under CIN U65929TN2017PTC119689.
Karkesh Forex Services has 3 current directors:
- Subramanian Ramprasad - Director
- Subramaniyan Karthikeyan - Director
- Sangari Ramanathan - Director
The latest financial statements of Karkesh Forex Services on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from FY 2018 are in the company report.
The CIN (Corporate Identification Number) of Karkesh Forex Services is U65929TN2017PTC119689. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karkesh Forex Services was incorporated on 25 November 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Karkesh Forex Services by revenue are Zen Forex and Management Private Limited, Sreelall Foreign Money Changers Private Limited, Dheva Forex Private Limited, Hepriko Forex Private Limited, Nirankar Forex Private Limited and 1 more, all in the BFSI industry (Forex Services, Money Exchange Services), with the same principal business activity (other financial activities).
Sangari Ramanathan was appointed as Director on 25 Nov 2017. Subramanian Ramprasad was appointed as Director on 25 Nov 2017. Subramaniyan Karthikeyan was appointed as Director on 25 Nov 2017.
The registered office of Karkesh Forex Services is at No – 28 Kamalalayam North Bank, Thiruvarur, Tamil Nadu, India – 610001.
Karkesh Forex Services operates in the financial services industry, in the forex services segment.
The compliance status of Karkesh Forex Services is compliant as of 30 August 2026. The company is actively filing with the Registrar of Companies.
Karkesh Forex Services can be reached at its registered office: No – 28 Kamalalayam North Bank, Thiruvarur, Tamil Nadu, India – 610001.