About Lulu Forex Private Limited
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Lulu Forex Private Limited is a private limited company based in Ernakulam, Kerala, India, a subsidiary of Lulu Financial Holdings Limited. It operates in the financial services and investment segment of the financial services sector. It was incorporated on 08 October 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U74900KL2010PTC026850. Its GSTIN is 32AABCL8839J1Z9 (Kerala). The company holds 16 GST registrations, of which 15 are active.
The company has an authorised share capital of ₹15 Cr and a paid-up capital of ₹12.3 Cr. It is led by directors including Amittathody Surendran and Richard Mohan Wason.
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 Y Tower Civil Lane Road Padamugal Kakkanad West P.O, Ernakulam, Kerala, India – 682030.
As per the financials filed for FY 2025, the company reported a revenue of ₹33.57 Cr, a growth of 6% compared to the previous year. For the same year it recorded a net loss of ₹14.34 Lakh (net margin -0.4%) and EBITDA of ₹2.06 Cr (EBITDA margin 6.1%). Revenue has grown at a compounded annual rate (CAGR) of 11% over three years and 7% over five years.
The company has about 255 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: LuLu Forex. As per MCA filings, the company has open charges of ₹4.06 Cr and satisfied charges of ₹40 Lakh on record. Court records list 7 cases involving the company, including 3 filed by the company and 4 filed against it; 1 case is pending. The company has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in July 2015. Its 4 peer companies in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities) are compared by revenue, 1 larger and 3 smaller; the largest is Attractive Price Forex Private Limited with revenue of ₹33.76 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website luluforex.com.
Company details
Contact details
Lulu Forex Private Limited's registered office is in Ernakulam, Kerala. Its website is luluforex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressY Tower Civil Lane Road Padamugal Kakkanad West P.O, Ernakulam, Kerala, India – 682030
- IndustryFinancial Services, Financial Activities
To see the full contact details of Lulu 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
Brands
Lulu Forex operates one associated brand: LuLu Forex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Currency exchange and money transfer services provided in India and worldwide. | luluforex.com |
Business activity
The main business activity of Lulu Forex is financial and insurance service. In detail, this covers other financial activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities |
To see the full business activity and turnover split of Lulu Forex Private Limited, buy the company report.
Financials of Lulu Forex Private Limited
FY 2025 filings availableLulu Forex Private Limited reported revenue of ₹33.57 Cr (up 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 7% over five years, including 6% growth in the latest year. EBITDA fell 62% 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 | ₹2.06 Cr | ||||
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| Net Profit (PAT) | -₹14.34 Lakh | ||||
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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 | 6.1% | ||||
| Net Profit Margin | -0.4% | ||||
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To see the full financial statements and ratios of Lulu Forex Private Limited, buy the company report.
Board of directors of Lulu Forex Private Limited
Lulu Forex has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Amittathody Surendran Also directs: Lulu Financial Services (India) Private Limited | Director | 30 Sep 2021 | 5 Years 1 Months | Current |
| Richard Mohan Wason Also directs: Lulu Holidays Private Limited, Lulu Forex Private Limited, Lulu Financial Services (India) Private Limited and 1 more | Director | 22 Nov 2014 | 11 Years 11 Months | Current |
| Shibu Mohammed Also directs: Lulu Holidays Private Limited, Lulu Forex Private Limited | Director | 30 Sep 2021 | 5 Years 1 Months | Current |
Peer comparison
Lulu Forex Private Limited is compared with the 4 companies closest to it by revenue in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Attractive Price Forex Private Limited | ₹33.76 Cr (FY 2024) | 4.0% | Secunderabad, Telangana, India | |||
| Lulu Forex Private Limitedthis company | ₹33.57 Cr (FY 2025) | -₹14.34 Lakh | -0.4% | 6.0% | 255 | Ernakulam, Kerala, India |
| Xe Forex Bureau India Private Limited | ₹33.48 Cr (FY 2025) | -10.0% | Bhopal, Madhya Pradesh, India | |||
| Attraction Forex & Travels Private Limited | ₹33.37 Cr (FY 2025) | -25.0% | Kolkata, West Bengal, India | |||
| Durga Forex Pvt Ltd | ₹32.95 Cr (FY 2025) | 255.0% | Punjab, India |
To see the full peer comparison of Lulu Forex Private Limited, buy the company report.
Auditor
Lulu Forex Private Limited is audited by Varma & Varma for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Varma & Varma | FY 2023 | 004532S |
Shareholding
The shareholding of Lulu 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 Lulu Forex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 11 Oct 2023 | 100804345 | The South Indian Bank Limited | ₹4.01 Cr | Open | |
| 10 Oct 2023 | 100804343 | The South Indian Bank Limited | ₹5 Lakh | Open | |
| 30 Jun 2012 | 10363080 | Axis Bank Limited | ₹40 Lakh | Satisfied |
To see the full charge records of Lulu Forex Private Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Lulu Forex Private Limited has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in July 2015.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jul 2015 | Rights issue | ₹1.7 Cr | Investors: 2 individuals |
| Apr 2015 | Rights issue | ₹60 Lakh | Investors: 2 individuals |
| Nov 2014 | Rights issue | ₹3.7 Cr | Investors: 2 individuals |
| Jun 2014 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Lulu Forex Private Limited has 7 court cases on record: 3 filed by Lulu Forex, 4 filed against it. 1 case is pending and 6 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 4 | 3 | 1 |
| District courts | 3 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ernakulam, Kerala | Appeal | Filed against the company by Sera Forex and Services India Pvt.Ltd. and 2 others | Disposed |
| High Court of Kerala | Writ petition | Filed by the company against The Assistant Commissioner, | Pending |
| High Court, Kerala | Court case (Crl.MC) | Filed against the company by individuals | Disposed |
| High Court | Court case (Crl.MC) | Filed against the company by an individual | Disposed |
| High Court | Court case (Crl.MC) | Filed against the company by an individual | Disposed |
To see the full case history of Lulu 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 Lulu Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Lulu Forex Private Limited has a workforce of 255 employees on its EPFO records as of Apr 06, 2024, across 1 active EPFO establishment.
GST
Lulu Forex has 16 GST registrations: 15 active and 1 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AABCL8839J1Z9 | Kerala | Active | 01 Jul 2017 |
| 19AABCL8839J1ZX | West Bengal | Active | 01 Jul 2017 |
| 27AABCL8839J1Z0 | Maharashtra | Active | 01 Jul 2017 |
| 29AABCL8839J1ZW | Karnataka | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Lulu Forex Private Limited, buy the company report.
Recent activity
Lulu Forex Private Limited has 9 board changes on record since 2014: 3 appointments and 6 cessations. The latest: Amittathody Surendran ceased to be Additional Director on 29 Nov 2021.
5 earlier events are in the company report.
Frequently asked questions
Lulu Forex is an active private limited company based in Ernakulam, Kerala, India. The company works in financial activities, within the financial services industry. It was incorporated on 08 October 2010 (16+ years old) and is registered under CIN U74900KL2010PTC026850.
Lulu Forex has 3 current directors:
- Amittathody Surendran - Director
- Richard Mohan Wason - Director
- Shibu Mohammed - Director
The latest financial statements of Lulu 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 Lulu Forex is 32AABCL8839J1Z9, registered in Kerala. The company has 16 GST registrations in all, of which 15 are active and 1 is cancelled or inactive. Other active GSTINs include 19AABCL8839J1ZX (West Bengal), 27AABCL8839J1Z0 (Maharashtra), 29AABCL8839J1ZW (Karnataka).
The CIN (Corporate Identification Number) of Lulu Forex is U74900KL2010PTC026850. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lulu Forex has 7 court cases on record: 3 filed by the company and 4 filed against it. 1 is pending. Most are in the high courts.
Lulu Forex was incorporated on 08 October 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ernakulam.
Lulu Forex has 4 deals on record (3 rights issues, 1 secondary share transfer); the latest was in July 2015.
The peers of Lulu Forex by revenue are Attractive Price Forex Private Limited, Xe Forex Bureau India Private Limited, Attraction Forex & Travels Private Limited, Durga Forex Pvt Ltd, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Amittathody Surendran ceased to be Additional Director on 29 Nov 2021. Shibu Mohammed ceased to be Additional Director on 29 Nov 2021. Mathew Idikula Vilayil ceased to be Director on 25 Nov 2021. Lulu Forex has 9 board changes on record in total.
Lulu Forex can be reached through the website luluforex.com. Its registered office is in Ernakulam, Kerala, India.
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