Karnavati Forex Private Limited.
About Karnavati Forex Private Limited.
Data last updated:
Karnavati Forex Private Limited. is a private limited company based in Ahmedabad, Gujarat, India. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 16 October 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U52100GJ2008PTC055255. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹28 Lakh. It is led by directors Puneet Ramnani and Jyoti Puneet Ramnani.
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 Shop No. 5 Ground Floor Singapur Avenue Nr Shiba Hotel C.G.Road Ellisbride, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.06 Cr, a decline of 49% compared to the previous year. For the same year it recorded a net profit of ₹18,200 (net margin 0.2%) and EBITDA of ₹32,290 (EBITDA margin 0.3%). Revenue has declined at a compounded annual rate (CAGR) of 15% over three years and 10% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Karnavati Forex Private Limited.'s registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No. 5 Ground Floor Singapur Avenue Nr Shiba Hotel C.G.Road Ellisbride, Ahmedabad, Gujarat, India – 380006
- IndustryFinancial Services, Financial Activities
To see the full contact details of Karnavati Forex 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 Karnavati Forex Private Limited is trade. In detail, this covers retail trading.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading |
To see the full business activity and turnover split of Karnavati Forex Private Limited., buy the company report.
Financials of Karnavati Forex Private Limited.
FY 2025 filings availableKarnavati Forex Private Limited. reported revenue of ₹1.06 Cr (down 49% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 49% fall in the latest year. EBITDA fell 26% 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 | ₹32,290 | ||||
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| Net Profit (PAT) | ₹18,200 | ||||
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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 | 0.3% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Karnavati Forex Private Limited., buy the company report.
Board of directors of Karnavati Forex Private Limited.
Karnavati Forex Private Limited 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 |
|---|---|---|---|---|
| Puneet Ramnani | Director | 16 Oct 2008 | 18 Years 0 Months | Current |
| Jyoti Puneet Ramnani | Director | 15 Sep 2010 | 16 Years 1 Months | Current |
Peer comparison
Karnavati Forex Private Limited. is compared with the 10 companies closest to it by revenue in the same principal business activity (retail trading), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Cubecorn Services (India) Private Limited | ₹1.06 Cr (FY 2024) | 24.0% | Mumbai, Maharashtra, India | |||
| Tropihill (OPC) Private Limited | ₹1.06 Cr (FY 2025) | 139.0% | Somwarpet, Karnataka, India | |||
| Huma Exports and Technoconsultants Private Limited | ₹1.06 Cr (FY 2025) | -2.0% | Thane, Maharashtra, India | |||
| Miryalas Lifestyle Private Limited | ₹1.06 Cr (FY 2025) | 1.0% | Secunderabad, Telangana, India | |||
| Devendra Worldwide (OPC) Private Limited | ₹1.06 Cr (FY 2025) | -24.0% | Vallabh Vidhyanagar, Gujarat, India | |||
| Karnavati Forex Private Limited.this company | ₹1.06 Cr (FY 2025) | ₹18,200 | 0.2% | -49.0% | Ahmedabad, Gujarat, India | |
| Narasimha Pulp Trays Private Limited | ₹1.06 Cr (FY 2025) | -14.0% | Bagh Amberpet Hyd, Telangana, India | |||
| Sastha Silver Maligai Private Limited | ₹1.06 Cr (FY 2025) | -39.0% | Madurai, Tamil Nadu, India | |||
| Trutrtl Home Appliances Private Limited | ₹1.06 Cr (FY 2024) | Delhi, India | ||||
| Nutrinorm Marketing Private Limited | ₹1.06 Cr (FY 2024) | -8.0% | Indore, Madhya Pradesh, India | |||
| Naturus Agro Overseas Private Limited | ₹1.06 Cr (FY 2025) | 281.0% | Vadgam, Gujarat, India |
To see the full peer comparison of Karnavati Forex Private Limited., buy the company report.
Auditor
Karnavati Forex Private Limited. is audited by VISHVESSHAH for the financial year 2017.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VISHVESSHAH | FY 2017 | 109944 |
Shareholding
The shareholding of Karnavati Forex 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 Karnavati Forex Private Limited., buy the company report.
Legal cases
No court or tribunal cases involving Karnavati Forex 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 Karnavati Forex Private Limited.; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Karnavati Forex Private Limited has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Karnavati Forex Private Limited., buy the company report.
Recent activity
Karnavati Forex Private Limited. has 3 board changes on record since 2008: 2 appointments and 1 cessation. The latest: Jyoti Puneet Ramnani was appointed as Director on 15 Sep 2010.
Frequently asked questions
Karnavati Forex Private Limited is an active private limited company based in Ahmedabad, Gujarat, India. The company works in financial activities, within the financial services industry. It was incorporated on 16 October 2008 (18+ years old) and is registered under CIN U52100GJ2008PTC055255.
Karnavati Forex Private Limited has 2 current directors:
- Puneet Ramnani - Director
- Jyoti Puneet Ramnani - Director
The latest financial statements of Karnavati Forex Private Limited 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.
No. Karnavati Forex Private Limited has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Karnavati Forex Private Limited is U52100GJ2008PTC055255. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karnavati Forex Private Limited was incorporated on 16 October 2008, making it 18+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Karnavati Forex Private Limited by revenue are Cubecorn Services (India) Private Limited, Tropihill (OPC) Private Limited, Huma Exports and Technoconsultants Private Limited, Miryalas Lifestyle Private Limited, Devendra Worldwide (OPC) Private Limited and 5 more, all in the same principal business activity (retail trading).
Jyoti Puneet Ramnani was appointed as Director on 15 Sep 2010. Kantaben Dolatram Kalyani ceased to be Director on 15 Sep 2010. Puneet Ramnani was appointed as Director on 16 Oct 2008.
The registered office of Karnavati Forex Private Limited is at Shop No. 5 Ground Floor Singapur Avenue Nr Shiba Hotel C.G.Road Ellisbride, Ahmedabad, Gujarat, India – 380006.
Karnavati Forex Private Limited operates in the financial services industry, in the financial activities segment.
The compliance status of Karnavati Forex Private Limited is compliant as of 31 July 2026. The company is actively filing with the Registrar of Companies.
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