About Karnation India Forex Services Private Limited
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Karnation India Forex Services Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the forex services segment of the financial services sector. It was incorporated on 19 October 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74899DL1995PTC073341. Its GSTIN is 07AABCK7233K1ZF (Delhi). The company holds 3 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹91 Lakh and a paid-up capital of ₹91 Lakh. It was formerly known as Esteem Corporate Services Private Limited. It is led by directors Renu Rastogi and Avnesh Rastogi.
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 106 Aggarwal Bhawan 36 Nehru Place, New Delhi, Delhi, India – 110019.
As per the financials filed for FY 2025, the company reported a revenue of ₹35.26 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net profit of ₹5.58 Lakh (net margin 0.2%) and EBITDA of ₹7.96 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 122% over three years and 15% over five years.
As per MCA filings, the company has open charges of ₹60,000 and satisfied charges of ₹15 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website forexplus.co.in.
Company details
Contact details
Karnation India Forex Services Private Limited's registered office is in New Delhi, Delhi. Its website is forexplus.co.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address106 Aggarwal Bhawan 36 Nehru Place, New Delhi, Delhi, India – 110019
- IndustryFinancial Services, Forex Services
To see the full contact details of Karnation India 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 Karnation India Forex Services is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services |
To see the full business activity and turnover split of Karnation India Forex Services Private Limited, buy the company report.
Financials of Karnation India Forex Services Private Limited
FY 2025 filings availableKarnation India Forex Services Private Limited reported revenue of ₹35.26 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 6% growth 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹7.96 Lakh | ||||
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| Net Profit (PAT) | ₹5.58 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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| Profitability | |||||
| EBITDA Margin | 0.2% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Karnation India Forex Services Private Limited, buy the company report.
Board of directors of Karnation India Forex Services Private Limited
Karnation India Forex Services has 2 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Renu Rastogi Also directs: Its Travels and Tours Private Limited | Director | 01 Jun 2017 | 9 Years 5 Months | Current |
| Avnesh Rastogi Also directs: Its Travels and Tours Private Limited | Director | 01 Jun 2017 | 9 Years 5 Months | Current |
Shareholding
The shareholding of Karnation India Forex Services Private Limited is on record for 2 financial years, the latest being FY 2017, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2017 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Karnation India Forex Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 06 Jan 2001 | 90042988 | The Federal Bank Limited | ₹60,000 | Open | |
| 21 May 2013 | 10432180 | Karnataka Bank Limited | ₹5 Lakh | Satisfied | |
| 09 Jan 2004 | 90044049 | Karnataka Bank Ltd. | ₹10 Lakh | Satisfied |
To see the full charge records of Karnation India Forex Services Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Karnation India Forex Services Private Limited has 1 court case on record: 1 filed by Karnation India Forex Services. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, South East, Delhi | Criminal case | Filed by the company against an individual | Disposed |
To see the full case history of Karnation India 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 Karnation India Forex Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Karnation India Forex Services has 3 GST registrations: 1 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AABCK7233K1ZF | Delhi | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Karnation India Forex Services Private Limited, buy the company report.
Recent activity
Karnation India Forex Services Private Limited has 11 board changes on record since 2011: 2 appointments and 9 cessations. The latest: Avnesh Rastogi ceased to be Additional Director on 29 Sep 2018.
9 earlier events are in the company report.
Frequently asked questions
Karnation India Forex Services is an active private limited company based in New Delhi, Delhi, India. The company works in forex services, within the financial services industry. It was incorporated on 19 October 1995 (31+ years old) and is registered under CIN U74899DL1995PTC073341.
Karnation India Forex Services has 2 current directors:
- Renu Rastogi - Director
- Avnesh Rastogi - Director
The latest financial statements of Karnation India 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 2015 are in the company report.
The GSTIN of Karnation India Forex Services is 07AABCK7233K1ZF, registered in Delhi. The company has 3 GST registrations in all, of which 1 is active and 2 are cancelled or inactive.
The CIN (Corporate Identification Number) of Karnation India Forex Services is U74899DL1995PTC073341. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnation India Forex Services has 1 court case on record: 1 filed by the company.
Karnation India Forex Services was incorporated on 19 October 1995, making it 31+ years old. It is registered with the Registrar of Companies, Delhi.
Avnesh Rastogi ceased to be Additional Director on 29 Sep 2018. Renu Rastogi ceased to be Additional Director on 29 Sep 2018. Alka ceased to be Additional Director on 16 Jun 2017. Karnation India Forex Services has 11 board changes on record in total.
Karnation India Forex Services can be reached through the website forexplus.co.in. Its registered office is in New Delhi, Delhi, India.
The registered office of Karnation India Forex Services is at 106 Aggarwal Bhawan 36 Nehru Place, New Delhi, Delhi, India – 110019.
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