Kundra Forex Private Limited
About Kundra Forex Private Limited
Data last updated:
Kundra Forex Private Limited is a private limited company based in Punjab, India. It operates in the forex services segment of the financial services sector. It was incorporated on 07 April 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U67190PB2004PTC027002. Its GSTIN is 03AACCK4795K1Z9 (Punjab).
The company has an authorised share capital of ₹60 Lakh and a paid-up capital of ₹47.85 Lakh. It is led by directors including Lalit Kundra (Managing Director) and Rajeev Kundra.
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 Old Bank Roadtehsil Dasuya Hoshiarpur, Punjab, India.
As per the financials filed for FY 2025, the company reported a revenue of ₹3.87 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net profit of ₹1.38 Lakh (net margin 0.4%) and EBITDA of ₹4.4 Lakh (EBITDA margin 1.1%). Revenue has declined at a compounded annual rate (CAGR) of 26% over three years and 19% over five years.
The company is associated with 1 brand: Kundra Forex. As per MCA filings, the company has open charges of ₹26.97 Lakh and satisfied charges of ₹20 Lakh on record. Court records list 5 cases involving the company, including 1 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
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- WebsiteLocked
- Social MediaLocked
- Registered AddressOld Bank Roadtehsil Dasuya Hoshiarpur, Punjab, India
- IndustryFinancial Services, Forex Services
- 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 Kundra Forex Private Limited
The main business activity of Kundra Forex is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | 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 Kundra Forex Private Limited FY 2025 filings available
Kundra Forex Private Limited reported revenue of ₹3.87 Cr (down 46% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Kundra Forex Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 19% over five years, including a 46% fall in the latest year. EBITDA fell 50% 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 Kundra 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 | ₹4.4 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹1.38 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 of Kundra Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 1.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.4% | •••• | •••• | •••• | •••• |
| 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 Kundra 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 Kundra Forex Private Limited
Kundra Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Superior Forex Private Limited | ₹3.99 Cr (FY 2024) | •••• | •••• | -66.0% | •••• | Kolkata, West Bengal, India |
| Frontline Forex Private Limited | ₹3.97 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Delhi, India |
| Wsmi Forex Private Limited | ₹3.96 Cr (FY 2025) | •••• | •••• | -36.0% | •••• | New Delhi, Delhi, India |
| My Forex Services Private Limited | ₹3.92 Cr (FY 2018) | •••• | •••• | 66.0% | •••• | Chennai, Tamil Nadu, India |
| Singla Forex Payment Services Private Limited | ₹3.87 Cr (FY 2025) | •••• | •••• | -40.0% | •••• | Sunam, Punjab, India |
| Kundra Forex Private Limited this company | ₹3.87 Cr (FY 2025) | •••• | •••• | -46.0% | •••• | Punjab, India |
| Tunes Foreign Currency Dealers Private Limited | ₹3.86 Cr (FY 2024) | •••• | •••• | 678.0% | •••• | Ernad, Kerala, India |
| Hamdaan Travels Private Limited | ₹3.79 Cr (FY 2025) | •••• | •••• | -60.0% | •••• | Kolkata, West Bengal, India |
| Netfx Forex Private Limited | ₹3.77 Cr (FY 2025) | •••• | •••• | -52.0% | •••• | Mandya, Karnataka, India |
| Cloudsway Forex Private Limited | ₹3.74 Cr (FY 2025) | •••• | •••• | -27.0% | •••• | Bathinda, Punjab, India |
| Synergy Forex Private Limited | ₹3.73 Cr (FY 2023) | •••• | •••• | 415.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Kundra Forex by revenue in the BFSI industry (Money Exchange Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Kundra Forex Private Limited
Kundra Forex Private Limited is audited by ANAND TARUN & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| ANAND TARUN & CO | 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 Kundra Forex Private Limited
Kundra Forex has 3 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Lalit Kundra Also directs: Kundra Estates Private Limited | Managing Director | 07 Apr 2004 | 22 Years 6 Months | Current |
| Rajeev Kundra Also directs: Kundra Estates Private Limited | Director | 07 Apr 2004 | 22 Years 6 Months | Current |
| Ankit Kundra Also directs: Kundra Estates Private Limited | Additional Director | 12 Jun 2024 | 2 Years 4 Months | Current |
Ownership and Shareholding of Kundra 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 Kundra Forex Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 17 Jan 2018 | State Bank of India | ₹26.97 Lakh | Open |
| 04 Dec 2015 | Capital Local Area Bank Limited | ₹20 Lakh | Satisfied |
Total charge records: 2 View all charges
Legal Cases of Kundra Forex Private Limited
Kundra Forex Private Limited has 5 court cases on record: 1 filed by Kundra Forex, 1 filed against it, 3 where it is another party. 1 case is pending and 4 are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 1 | 0 |
| High courts | 1 | 0 | 1 |
Cases on record (4 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Punjab and Haryana | Appeal | Company is another party | Pending |
| District court, Hoshiarpur, Punjab | Civil suit | Company is another party | Disposed |
| District court, Kapurthala, Punjab | Commercial suit | Filed against the company by an individual | Disposed |
| District court, Hoshiarpur, Punjab | Civil suit | Filed by the company against an individual | Disposed |
Full case history
All 5 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Associated Brands with Kundra Forex Private Limited
Kundra Forex operates one associated brand: Kundra Forex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Kundra Forex provides reliable online foreign exchange and money transfer services for individuals and businesses. | kundraforex.com |
Employees and EPFO Compliance at Kundra Forex Private Limited
Employment history and EPFO contributions of people linked to Kundra 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 Kundra Forex Private Limited
Kundra Forex Private Limited has 4 board changes on record since 2004: 3 appointments and 1 cessation. The latest: Ankit Kundra was appointed as Additional Director on 12 Jun 2024.
Credit Ratings, Litigation & Regulatory Alerts for Kundra 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 Kundra 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 Kundra 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 Kundra Forex Private Limited
Kundra Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AACCK4795K1Z9 | 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 Kundra 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 Kundra Forex Private Limited
Kundra Forex is an active private limited company based in Punjab, India. The company works in forex services, within the financial services industry. It was incorporated on 07 April 2004 (22+ years old) and is registered under CIN U67190PB2004PTC027002.
Kundra Forex reported revenue of ₹3.87 Cr for FY 2025 (down 46% YoY).
Kundra Forex has 3 current directors:
- Lalit Kundra - Managing Director
- Rajeev Kundra - Director
- Ankit Kundra - Additional Director
Kundra Forex reported a net profit of ₹1.38 Lakh (net margin 0.4%) and EBITDA of ₹4.4 Lakh (EBITDA margin 1.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Kundra Forex is -26% over three years and -19% over five years. In the latest year (FY 2025) revenue fell 46%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Kundra Forex is 03AACCK4795K1Z9, registered in Punjab.
The CIN (Corporate Identification Number) of Kundra Forex is U67190PB2004PTC027002. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Kundra Forex has 5 court cases on record: 1 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Kundra Forex was incorporated on 07 April 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Kundra Forex by revenue are Superior Forex Private Limited, Frontline Forex Private Limited, Wsmi Forex Private Limited, My Forex Services Private Limited, Singla Forex Payment Services Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Ankit Kundra was appointed as Additional Director on 12 Jun 2024. Rahul Kundra ceased to be Director on 16 Jan 2021. Lalit Kundra was appointed as Managing Director on 07 Apr 2004. Kundra Forex has 4 board changes on record in total.