Karvy Forex Private Limited
About Karvy Forex Private Limited
Data last updated:
Karvy Forex Private Limited is a private limited company based in Jalandhar, Punjab, India. It operates in the advisory services segment of the financial services sector. It was incorporated on 11 August 2003 and has been in existence for over 23 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U67190PB2003PTC026277. Its GSTIN is 03AACCK3305P1ZN (Punjab).
The company has an authorised share capital of ₹32 Lakh and a paid-up capital of ₹32 Lakh. It is led by directors Atul Malhotra (Managing Director) and Ramesh Kumar Malhotra.
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 III Lower Ground Floor Prestige Chambers, Jalandhar, Punjab, India – 144001.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.85 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹41,036 (net margin 0.1%) and EBITDA of ₹1.23 Lakh (EBITDA margin 0.2%). Revenue has declined at a compounded annual rate (CAGR) of 21% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹6 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressIII Lower Ground Floor Prestige Chambers, Jalandhar, Punjab, India – 144001
- IndustryFinancial Services, Advisory, Financial Brokerage, Consultancy
- 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 Karvy Forex Private Limited
The main business activity of Karvy Forex is financial and insurance service. In detail, this covers financial advisory, brokerage and consultancy services.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K7 | Financial Advisory, brokerage and Consultancy Services | 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 Karvy Forex Private Limited FY 2025 filings available
Karvy Forex Private Limited reported revenue of ₹7.85 Cr (up 31% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Karvy Forex Private Limited
Revenue rose 31% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA fell 3% 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 Karvy 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 | ₹1.23 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹41,036 | •••• | •••• | •••• | •••• |
| 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 Karvy Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.1% | •••• | •••• | •••• | •••• |
| 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 Karvy 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.
Peer Comparison of Karvy Forex Private Limited
Karvy Forex Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Financial Advisory, brokerage and Consultancy Services). Its own revenue is ₹7.85 Cr.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| S. B. Insurance Brokers Private Limited | ₹7.92 Cr | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Sunness Capital India Private Limited | ₹7.91 Cr | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Jasol Investment& Trading Co Pvt Ltd | ₹7.91 Cr | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Padmavati Ventures Private Limited | ₹7.88 Cr | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Antworks Money Private Limited | ₹7.85 Cr | •••• | •••• | •••• | - | Faridabad, Haryana, India |
| Karvy Forex Private Limited this company | ₹7.85 Cr | •••• | •••• | •••• | - | Jalandhar, Punjab, India |
| Security Investments Limited | ₹7.82 Cr | •••• | •••• | •••• | 37 | New Delhi, Delhi, India |
| SSS Risk Management and Insurance Brokers Private Limited | ₹7.8 Cr | •••• | •••• | •••• | - | City Ahmedabad, Gujarat, India |
| Astute Investment Management Private Limited | ₹7.79 Cr | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Esha Securities Limited | ₹7.78 Cr | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Mercury Insurance Brokers Private Limited | ₹7.77 Cr | •••• | •••• | •••• | - | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Karvy Forex by revenue in the same principal business activity (Financial Advisory, brokerage and Consultancy Services), from the latest filed financials of each company. Net profit, margin and growth of each peer are in the company report.
Auditor Details of Karvy Forex Private Limited
Karvy Forex Private Limited is audited by K.K KAPOOR & ASSOCIATES for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K.K KAPOOR & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Karvy Forex Private Limited
Karvy Forex 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 |
|---|---|---|---|---|
| Atul Malhotra | Managing Director | 14 Apr 2006 | 20 Years 5 Months | Current |
| Ramesh Kumar Malhotra | Director | 14 Apr 2006 | 20 Years 5 Months | Current |
Ownership and Shareholding of Karvy 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 Karvy Forex Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Aug 2008 | Punjab & Sind Bank | ₹6 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Karvy Forex Private Limited
Employment history and EPFO contributions of people linked to Karvy 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 Karvy Forex Private Limited
Karvy Forex Private Limited has 6 board changes on record since 2006: 2 appointments and 4 cessations. The latest: Gurpreet Singh ceased to be Director on 01 May 2019.
Credit Ratings, Litigation & Regulatory Alerts for Karvy 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 Karvy 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 Karvy 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 Karvy Forex Private Limited
Karvy Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCK3305P1ZN | Punjab | 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 Karvy 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 Karvy Forex Private Limited
Karvy Forex is an active private limited company based in Jalandhar, Punjab, India. The company works in advisory, within the financial services industry. It was incorporated on 11 August 2003 (23+ years old) and is registered under CIN U67190PB2003PTC026277.
Karvy Forex reported revenue of ₹7.85 Cr for FY 2025 (up 31% YoY).
Karvy Forex has 2 current directors:
- Atul Malhotra - Managing Director
- Ramesh Kumar Malhotra - Director
Karvy Forex reported a net profit of ₹41,036 (net margin 0.1%) and EBITDA of ₹1.23 Lakh (EBITDA margin 0.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Karvy Forex is 21% over three years and -1% over five years. In the latest year (FY 2025) revenue rose 31%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Karvy Forex is 03AACCK3305P1ZN, registered in Punjab.
The CIN (Corporate Identification Number) of Karvy Forex is U67190PB2003PTC026277. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Karvy Forex was incorporated on 11 August 2003, making it 23+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Karvy Forex by revenue are S. B. Insurance Brokers Private Limited, Sunness Capital India Private Limited, Jasol Investment& Trading Co Pvt Ltd, Padmavati Ventures Private Limited, Antworks Money Private Limited and 5 more, all in the same principal business activity (Financial Advisory, brokerage and Consultancy Services).
Gurpreet Singh ceased to be Director on 01 May 2019. Ramesh Kumar Malhotra ceased to be Whole-Time Director on 31 Aug 2015. Rekha Malhotra ceased to be Director on 01 May 2015. Karvy Forex has 6 board changes on record in total.
The registered office of Karvy Forex is at III Lower Ground Floor Prestige Chambers, Jalandhar, Punjab, India – 144001.