About Kesari Forex Private Limited
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Kesari Forex Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the forex services segment of the financial services sector. It was incorporated on 20 July 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U63090MH2007PTC172548. Its GSTIN is 27AADCK1200C1ZD (Maharashtra). The company holds 8 GST registrations, of which 7 are active.
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Himanshu Kesari Patil and Zelam Amit Chaubal.
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 12 – 13 Floor Grd. Plot – 134 B Kings Corner Lady Jamshedji Road Sitaladevi Mahim, Mumbai, Maharashtra, India – 400016.
As per the financials filed for FY 2025, the company reported a revenue of ₹27.06 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹27.4 Lakh (net margin 1%) and EBITDA of ₹35.36 Lakh (EBITDA margin 1.3%). Revenue has declined at a compounded annual rate (CAGR) of 78% over three years and 19% over five years.
The company has about 14 employees on its provident fund (EPFO) records.
Court records list 5 cases involving the company, including 1 filed by the company and 4 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website kesari.in.
Company details
Contact details
Kesari Forex Private Limited's registered office is in Mumbai, Maharashtra. Its website is kesari.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Apps
- Registered Address12 – 13 Floor Grd. Plot – 134 B Kings Corner Lady Jamshedji Road Sitaladevi Mahim, Mumbai, Maharashtra, India – 400016
- IndustryFinancial Services, Forex Services
To see the full contact details of Kesari 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 Kesari Forex is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Kesari Forex Private Limited, buy the company report.
Financials of Kesari Forex Private Limited
FY 2025 filings availableKesari Forex Private Limited reported revenue of ₹27.06 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 8% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 19%. EBITDA rose 39% 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 | ₹35.36 Lakh | ||||
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| Net Profit (PAT) | ₹27.4 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 | 1.3% | ||||
| Net Profit Margin | 1% | ||||
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To see the full financial statements and ratios of Kesari Forex Private Limited, buy the company report.
Board of directors of Kesari Forex Private Limited
Kesari Forex has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Himanshu Kesari Patil | Director | 01 Oct 2010 | 16 Years 0 Months | Current |
| Zelam Amit Chaubal Also directs: Zehissh Hospitality LLP, San Trica Properties Private Limited, Kesari Vacations Private Limited and 5 more | Director | 01 Sep 2014 | 12 Years 1 Months | Current |
| Sangita Shailesh Patil Also directs: Zehissh Hospitality LLP, Kesari Tours Private Limited, Fox Marble India Private Limited and 2 more | Director | 20 Jul 2007 | 19 Years 3 Months | Current |
Peer comparison
Kesari Forex Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Money Exchange Services), with the same principal business activity (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| VSS Forex Services Private Limited | ₹27.33 Cr (FY 2025) | -6.0% | Delhi, India | |||
| Sanghi Forex Private Limited | ₹27.26 Cr (FY 2025) | -33.0% | Kolkata, West Bengal, India | |||
| Peak Forex & Travels Private Limited | ₹27.13 Cr (FY 2025) | -44.0% | Kolkata, West Bengal, India | |||
| Kesari Forex Private Limitedthis company | ₹27.06 Cr (FY 2025) | ₹27.4 Lakh | 1% | 8.0% | 14 | Mumbai, Maharashtra, India |
| Radesion Tours & Travels Private Limited | ₹27.03 Cr (FY 2024) | -42.0% | Kolkata, West Bengal, India | |||
| Sree Sree Forex Private Limited | ₹26.92 Cr (FY 2025) | -29.0% | Kolkata, West Bengal, India | |||
| K K Forex Private Limited | ₹26.65 Cr (FY 2025) | -7.0% | Pune, Maharashtra, India |
To see the full peer comparison of Kesari Forex Private Limited, buy the company report.
Auditor
Kesari Forex Private Limited is audited by RAGHAVENDRA KULKARNI & ASSOCIATES for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| RAGHAVENDRA KULKARNI & ASSOCIATES | FY 2019 | 108277W |
Shareholding
The shareholding of Kesari Forex Private Limited is on record for 2 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2016 |
|---|---|---|
| Promoters | ||
| Domestic institutional investors (DII) | ||
| Foreign institutional investors (FII) | ||
| Public | ||
| Others |
To see the full shareholding pattern of Kesari Forex Private Limited, buy the company report.
Legal cases
Kesari Forex Private Limited has 5 court cases on record: 1 filed by Kesari Forex, 4 filed against it. 2 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 3 | 3 | 1 |
| District courts | 2 | 1 | 1 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Court case (COMIP) | Filed against the company by Kesari Trust and 3 Others | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against an individual | Pending |
| Bombay High Court | Court case (COMIP) | Filed against the company | Disposed |
| Bombay High Court | Court case (NMCD) | Filed against the company | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (SS Cases) | Filed against the company by an individual | Disposed |
To see the full case history of Kesari Forex 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 Kesari Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Kesari Forex Private Limited has a workforce of 14 employees on its EPFO records as of Mar 23, 2024, across 1 active EPFO establishment.
GST
Kesari Forex has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCK1200C1ZD | Maharashtra | Active | 01 Jul 2017 |
| 07AADCK1200C1ZF | Delhi | Active | 01 Jul 2017 |
| 19AADCK1200C1ZA | West Bengal | Active | 01 Jul 2017 |
| 24AADCK1200C1ZJ | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Kesari Forex Private Limited, buy the company report.
Recent activity
Kesari Forex Private Limited has 8 board changes on record since 2007: 3 appointments and 5 cessations. The latest: Sunita Kesari Patil ceased to be Director on 22 Mar 2019.
Frequently asked questions
Kesari Forex is an active private limited company based in Mumbai, Maharashtra, India. The company works in forex services, within the financial services industry. It was incorporated on 20 July 2007 (19+ years old) and is registered under CIN U63090MH2007PTC172548.
Kesari Forex has 3 current directors:
- Himanshu Kesari Patil - Director
- Zelam Amit Chaubal - Director
- Sangita Shailesh Patil - Director
The latest financial statements of Kesari Forex 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 Kesari Forex is 27AADCK1200C1ZD, registered in Maharashtra. The company has 8 GST registrations in all, of which 7 are active and 1 is cancelled or inactive. Other active GSTINs include 07AADCK1200C1ZF (Delhi), 19AADCK1200C1ZA (West Bengal), 24AADCK1200C1ZJ (Gujarat).
The CIN (Corporate Identification Number) of Kesari Forex is U63090MH2007PTC172548. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kesari Forex has 5 court cases on record: 1 filed by the company and 4 filed against it. 2 are pending. Most are in the high courts.
Kesari Forex was incorporated on 20 July 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Kesari Forex by revenue are VSS Forex Services Private Limited, Sanghi Forex Private Limited, Peak Forex & Travels Private Limited, Radesion Tours & Travels Private Limited, Sree Sree Forex Private Limited and 1 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (activities auxiliary to financial service and insurance activities).
Sunita Kesari Patil ceased to be Director on 22 Mar 2019. Kesari Ravaji Patil ceased to be Director on 06 Mar 2019. Zelam Amit Chaubal ceased to be Additional Director on 22 Sep 2014. Kesari Forex has 8 board changes on record in total.
Kesari Forex can be reached through the website kesari.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Kesari Forex is at 12 – 13 Floor Grd. Plot – 134 B Kings Corner Lady Jamshedji Road Sitaladevi Mahim, Mumbai, Maharashtra, India – 400016.