Kesari Forex Private Limited

Kesari Forex Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
CIN U63090MH2007PTC172548 Incorporated 20 July 2007 ROC Mumbai HQ Mumbai, Maharashtra, India
Active Private Limited Company financial services
Data last updated
Revenue · FY 2025
₹27.06 Cr
▲ 8% YoY
Net profit · FY 2025
₹27.4 Lakh
Net margin 1%
EBITDA · FY 2025
₹35.36 Lakh
EBITDA margin 1.3%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹50 Lakh
Issued & subscribed
Company age
19 yrs
Est. 2007
Employees · EPFO
14
Provident fund records
Directors on board
3
As per MCA filings

About Kesari Forex Private Limited

Data last updated:

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

CIN U63090MH2007PTC172548
Registration Number 172548
Incorporation Date 20 July 2007
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant

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 Address
    12 – 13 Floor Grd. Plot – 134 B Kings Corner Lady Jamshedji Road Sitaladevi Mahim, Mumbai, Maharashtra, India – 400016
  • Industry
    Financial Services, Forex Services

To see the full contact details of Kesari Forex Private Limited, buy the company report.

Comprehensive company report
Kesari Forex Private Limited - one report that includes everything
  • 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
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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 codeMain activityBusiness activity codeBusiness activityShare of turnover
KFinancial and insurance activities66Activities 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 available

Kesari Forex Private Limited reported revenue of ₹27.06 Cr (up 8% YoY) for FY 2025.

Revenue · FY 2025
₹27.06 Cr ▲ 8%
Net profit · FY 2025
₹27.4 Lakh margin 1%
EBITDA · FY 2025
₹35.36 Lakh margin 1.3%

Compounded Annual Growth Rate (CAGR)

Revenue CAGR growth
1 year
▲ 8%
3 years · compounded
▲ 78%
5 years · compounded
▼ 19%
EBITDA CAGR growth
1 year
▲ 39%
3 years · compounded
▲ 18%
5 years · compounded
▼ 8%

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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 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₹35.36 Lakh
Profit Before Tax
Tax Expense
Net Profit (PAT)₹27.4 Lakh
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

MetricsFY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21
Profitability
EBITDA Margin1.3%
Net Profit Margin1%
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

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.

Current Directors
NameDesignationAppointment DateTenureStatus
Himanshu Kesari PatilDirector01 Oct 201016 Years 0 MonthsCurrent
Zelam Amit ChaubalDirector01 Sep 201412 Years 1 MonthsCurrent
Sangita Shailesh PatilDirector20 Jul 200719 Years 3 MonthsCurrent

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.

CompanyRevenueNet profitMarginGrowth (1 yr)EmployeesLocation
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 Lakh1%8.0%14Mumbai, 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 firmFinancial yearFirm registration number
RAGHAVENDRA KULKARNI & ASSOCIATESFY 2019108277W

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 categoryFY 2019FY 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.

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.

Employee count
14
Active EPFO establishments
1
Employee growth
250%

GST

Kesari Forex has 8 GST registrations: 7 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.

Total GSTINs
8
Active
7
Cancelled / inactive
1
GSTINStateStatusRegistered on
27AADCK1200C1ZDMaharashtraActive01 Jul 2017
07AADCK1200C1ZFDelhiActive01 Jul 2017
19AADCK1200C1ZAWest BengalActive01 Jul 2017
24AADCK1200C1ZJGujaratActive01 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.

AGM
Kesari Forex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Kesari Forex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Ceased
Sunita Kesari Patil ceased to be Director.
Ceased
Kesari Ravaji Patil ceased to be Director.
Ceased
Zelam Amit Chaubal ceased to be Additional Director.
Ceased
Sudhir Anant Patil ceased to be Director.
Ceased
Veena Sudhir Patil ceased to be Director.
Appointed
Zelam Amit Chaubal was appointed as Director.
Appointed
Himanshu Kesari Patil was appointed as Director.
Appointed
Sangita Shailesh Patil was appointed as Director.
Incorporation
20 Jul 2007
Kesari Forex Private Limited was registered on 20 Jul 2007 with Roc Mumbai & aged 19 years 3 months as per MCA records.

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:

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.