MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-RJ-17-0131952
M. N. Forex India Private Limited
M. N. Forex India Private Limited - financial services in Jaipur, Rajasthan, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹10.77 Cr
▼ 13% YoY
Net profit · FY 2025
₹1.54 Lakh
Net margin 0.1%
EBITDA · FY 2025
₹4.01 Lakh
EBITDA margin 0.4%
Authorised capital
₹50 Lakh
Registered with MCA
Paid-up capital
₹28 Lakh
Issued & subscribed
Satisfied charges
₹15.75 Lakh
No open charges
Company age
7 yrs
Est. 2019
Directors on board
2
As per MCA filings
About M. N. Forex India Private Limited
Data last updated:
M. N. Forex India Private Limited is a private limited company based in Jaipur, Rajasthan, India. It operates in the forex services segment of the financial services sector. It was incorporated on 25 June 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U67100RJ2019PTC065441. Its GSTIN is 08AAMCM7667E1ZZ (Rajasthan).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹28 Lakh. It is led by directors Naveen Agarwal and Manoj Agarwal.
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 14 First Floor Shri Krishna Tower, Motilal Atal Road Jaipur, Rajasthan, India – 302001.
As per the financials filed for FY 2025, the company reported a revenue of ₹10.77 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹1.54 Lakh (net margin 0.1%) and EBITDA of ₹4.01 Lakh (EBITDA margin 0.4%). Revenue has grown at a compounded annual rate (CAGR) of 45% over three years and 13% over five years.
As per MCA filings, the company has satisfied charges of ₹15.75 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
M. N. Forex India Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-RJ-17-0131952).
Company details
CIN U67100RJ2019PTC065441
Registration Number 065441
Incorporation Date 25 June 2019
ROC Jaipur
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification MSME
Udyam Registration UDYAM-RJ-17-0131952
Key People
Naveen Agarwal Director Manoj Agarwal Director Recognitions & Rankings of M. N. Forex India
Contact details
M. N. Forex India Private Limited's registered office is in Jaipur, Rajasthan. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address14 First Floor Shri Krishna Tower, Motilal Atal Road Jaipur, Rajasthan, India – 302001
- IndustryFinancial Services, Forex Services
To see the full contact details of M. N. Forex India Private Limited, buy the company report.
Comprehensive company report
M. N. Forex India 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of M. N. Forex India 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 M. N. Forex India Private Limited, buy the company report.
Financials of M. N. Forex India Private Limited
FY 2025 filings availableM. N. Forex India Private Limited reported revenue of ₹10.77 Cr (down 13% YoY) for FY 2025.
Revenue · FY 2025
₹10.77 Cr ▼ 13%
Net profit · FY 2025
₹1.54 Lakh margin 0.1%
EBITDA · FY 2025
₹4.01 Lakh margin 0.4%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 45%
5 years · compounded
▲ 13%
EBITDA CAGR growth
1 year
▲ 519%
3 years · compounded
▲ 64%
5 years · compounded
▲ 42%
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 13%. EBITDA rose 519% 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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| Total Expenses | |||||
| EBITDA | ₹4.01 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.54 Lakh | ||||
| Balance Sheet | |||||
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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 | 0.4% | ||||
| Net Profit Margin | 0.1% | ||||
| Return on Equity (ROE) | |||||
| Return on Capital Employed (ROCE) | |||||
| Return on Assets (ROA) | |||||
| Liquidity and Debt | |||||
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| Efficiency and Growth | |||||
| Asset Turnover | |||||
| Receivable Days | |||||
| Payable Days | |||||
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To see the full financial statements and ratios of M. N. Forex India Private Limited, buy the company report.
Board of directors of M. N. Forex India Private Limited
M. N. Forex India has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Naveen Agarwal | Director | 25 Jun 2019 | 7 Years 4 Months | Current |
| Manoj Agarwal | Director | 25 Jun 2019 | 7 Years 4 Months | Current |
Peer comparison
M. N. Forex India Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Jiten Forex Private Limited | ₹10.99 Cr (FY 2025) | -56.0% | Kolkata, West Bengal, India | |||
| GPK Forex Private Limited | ₹10.8 Cr (FY 2025) | -51.0% | Hyderabad, Telangana, India | |||
| M. N. Forex India Private Limitedthis company | ₹10.77 Cr (FY 2025) | ₹1.54 Lakh | 0.1% | -13.0% | Jaipur, Rajasthan, India | |
| CDS Money Exchange Bureau Private Limited | ₹10.75 Cr (FY 2025) | -72.0% | New Delhi, Delhi, India | |||
| Bhatia Forex Private Limited | ₹10.71 Cr (FY 2018) | -34.0% | New Delhi, Delhi, India | |||
| Kasat Forex Private Limited | ₹10.65 Cr (FY 2025) | 5.0% | Jodhpur, Rajasthan, India |
To see the full peer comparison of M. N. Forex India Private Limited, buy the company report.
Auditor
M. N. Forex India Private Limited is audited by A P M G AND ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A P M G AND ASSOCIATES | FY 2020 | 013803N |
Shareholding
The shareholding of M. N. Forex India Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of M. N. Forex India Private Limited, buy the company report.
Charges & borrowings
Open charges
None
Satisfied charges
₹15.75 Lakh
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 04 May 2021 | 100443375 | Others | ₹2.25 Lakh | Satisfied | |
| 26 Dec 2019 | 100317367 | Others | ₹13.5 Lakh | Satisfied |
To see the full charge records of M. N. Forex India Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
M. N. Forex India Private Limited has 1 court case on record: 1 filed by M. N. Forex India. All case is disposed.
Total cases
1
Filed by the company
1
Disposed
1
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed by the company against Union of India Through Secretary Ministry of Finance Secretary Department of Revenue No. 137 North Block, Cabinet Secretariat, Raisina Hill, New Delhi ,New Delhi , Delhi and 1 other | Disposed |
To see the full case history of M. N. Forex India 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 M. N. Forex India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
M. N. Forex India has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 08AAMCM7667E1ZZ | Rajasthan | Active | 02 Sep 2019 |
To see the full GST registrations and return filing status of M. N. Forex India Private Limited, buy the company report.
Recent activity
M. N. Forex India Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Manoj Agarwal was appointed as Director on 25 Jun 2019.
AGM
M. N. Forex India Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
M. N. Forex India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Jaipur.
Charges
A charge registered on 04 May 2021 via Charge ID 100443375 with Others was fully satisfied on 20 Jun 2023.
Charges
A charge registered on 26 Dec 2019 via Charge ID 100317367 with Others was fully satisfied on 25 Apr 2023.
Charges
A charge with Others amounted to Rs. 2.25 Lakh with Charge ID 100443375 was registered on 04 May 2021.
Charges
A charge with Others amounted to Rs. 13.50 Lakh with Charge ID 100317367 was registered on 26 Dec 2019.
Appointed
Manoj Agarwal was appointed as Director.
Appointed
Naveen Agarwal was appointed as Director.
Incorporation
25 Jun 2019
M. N. Forex India Private Limited was registered on 25 Jun 2019 with Roc Jaipur & aged 7 years 4 months as per MCA records.
Frequently asked questions
M. N. Forex India is an active private limited company based in Jaipur, Rajasthan, India. The company works in forex services, within the financial services industry. It was incorporated on 25 June 2019 (7+ years old) and is registered under CIN U67100RJ2019PTC065441.
M. N. Forex India has 2 current directors:
- Naveen Agarwal - Director
- Manoj Agarwal - Director
The latest financial statements of M. N. Forex India 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 FY 2020 are in the company report.
The GSTIN of M. N. Forex India is 08AAMCM7667E1ZZ, registered in Rajasthan.
The CIN (Corporate Identification Number) of M. N. Forex India is U67100RJ2019PTC065441. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
M. N. Forex India has 1 court case on record: 1 filed by the company.
M. N. Forex India was incorporated on 25 June 2019, making it 7+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of M. N. Forex India by revenue are Jiten Forex Private Limited, GPK Forex Private Limited, CDS Money Exchange Bureau Private Limited, Bhatia Forex Private Limited, Kasat Forex Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Manoj Agarwal was appointed as Director on 25 Jun 2019. Naveen Agarwal was appointed as Director on 25 Jun 2019.
Yes, M. N. Forex India is registered as an MSME under Udyam registration (number: UDYAM-RJ-17-0131952).
The registered office of M. N. Forex India is at 14 First Floor Shri Krishna Tower, Motilal Atal Road Jaipur, Rajasthan, India – 302001.