Konark Forex Private Limited
About Konark Forex Private Limited
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Konark Forex Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 08 January 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2004PTC143906. The company has 2 GST registrations on record, none of which is active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹26.5 Lakh. It is led by directors Maheshchander Nagpal and Ajay Mahesh Nagpal.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at A – 701 New Blue Heaven Juhu Versova Link Road Andher West, Mumbai, Maharashtra, India – 400053.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.45 Lakh, a decline of 80% compared to the previous year. For the same year it recorded a net loss of ₹9,063 (net margin -3.7%) and EBITDA of -₹2,975 (EBITDA margin -1.2%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 13% over five years.
Court records list 2 cases involving the company, including 1 filed by the company and 1 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Konark Forex Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressA – 701 New Blue Heaven Juhu Versova Link Road Andher West, Mumbai, Maharashtra, India – 400053
- IndustryFinancial Services, Diversified Financial Services
To see the full contact details of Konark 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 Konark 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 Konark Forex Private Limited, buy the company report.
Financials of Konark Forex Private Limited
FY 2024 filings availableKonark Forex Private Limited reported revenue of ₹2.45 Lakh (down 80% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 80% fall in the latest year. EBITDA fell 102% 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 | -₹2,975 | ||||
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| Net Profit (PAT) | -₹9,063 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -1.2% | ||||
| Net Profit Margin | -3.7% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Konark Forex Private Limited, buy the company report.
Board of directors of Konark Forex Private Limited
Konark Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Maheshchander Nagpal Also directs: Noel Finance Private Limited | Director | 08 Apr 2004 | 22 Years 7 Months | Current |
| Ajay Mahesh Nagpal Also directs: Noel Finance Private Limited | Director | 08 Jan 2004 | 22 Years 10 Months | Current |
Auditor
Konark Forex Private Limited is audited by Sunil Sachdev & Co for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Sunil Sachdev & Co | FY 2023 | 129454W |
Shareholding
The shareholding of Konark Forex Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Konark Forex Private Limited, buy the company report.
Legal cases
Konark Forex Private Limited has 2 court cases on record: 1 filed by Konark Forex, 1 filed against it. All cases are pending.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 2 | 1 | 2 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai City Civil Court, Maharashtra | Court case (Cri.Rev.App.) | Filed against the company by individuals | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against individuals | Pending |
To see the full case history of Konark 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 Konark Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Konark Forex has 2 GST registrations on record, and all of them have been cancelled or are inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Konark Forex Private Limited, buy the company report.
Recent activity
Konark Forex Private Limited has 2 board changes on record since 2004: 2 appointments. The latest: Maheshchander Nagpal was appointed as Director on 08 Apr 2004.
Frequently asked questions
Konark Forex is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 08 January 2004 (22+ years old) and is registered under CIN U74999MH2004PTC143906.
Konark Forex has 2 current directors:
- Maheshchander Nagpal - Director
- Ajay Mahesh Nagpal - Director
The latest financial statements of Konark Forex on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. Konark Forex has 2 GST registrations on record and all of them are cancelled or inactive.
The CIN (Corporate Identification Number) of Konark Forex is U74999MH2004PTC143906. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Konark Forex has 2 court cases on record: 1 filed by the company and 1 filed against it. 2 are pending.
Konark Forex was incorporated on 08 January 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Maheshchander Nagpal was appointed as Director on 08 Apr 2004. Ajay Mahesh Nagpal was appointed as Director on 08 Jan 2004.
The registered office of Konark Forex is at A – 701 New Blue Heaven Juhu Versova Link Road Andher West, Mumbai, Maharashtra, India – 400053.
Konark Forex operates in the financial services industry, in the diversified financial services segment.
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