MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-TN-02-0067204
Maharaja Forex Private Limited - financial services in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹59.08 Cr
▼ 13% YoY
Net profit · FY 2025
₹6.81 Lakh
Net margin 0.1%
EBITDA · FY 2025
₹16.77 Lakh
EBITDA margin 0.3%
Authorised capital
₹70 Lakh
Registered with MCA
Paid-up capital
₹59.5 Lakh
Issued & subscribed
Open charges
₹99 Lakh
Secured borrowings
Company age
22 yrs
Est. 2004
Directors on board
2
As per MCA filings
About Maharaja Forex Private Limited
Data last updated:
Maharaja Forex Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the forex services segment of the financial services sector. It was incorporated on 16 September 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U67190TN2004PTC054246. Its GSTIN is 33AAECM0835E1ZY (Tamil Nadu).
The company has an authorised share capital of ₹70 Lakh and a paid-up capital of ₹59.5 Lakh. It is led by directors Veeravaghu Raja (Managing Director) and Senthilnathan.
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 No.5 Ist Foor Ksaiarcade 116 Sirthyagaraya Road Thyagaraya Nagar, Chennai, Tamil Nadu, India – 600017.
As per the financials filed for FY 2025, the company reported a revenue of ₹59.08 Cr, a decline of 13% compared to the previous year. For the same year it recorded a net profit of ₹6.81 Lakh (net margin 0.1%) and EBITDA of ₹16.77 Lakh (EBITDA margin 0.3%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years and 5% over five years.
The company is associated with 1 brand: Maharaja Forex. As per MCA filings, the company has open charges of ₹99 Lakh on record.
Maharaja Forex Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0067204). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website maharajaforex.com.
Company details
CIN U67190TN2004PTC054246
Registration Number 054246
Incorporation Date 16 September 2004
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-TN-02-0067204
Recognitions & Rankings of Maharaja Forex
Contact details
Maharaja Forex Private Limited's registered office is in Chennai, Tamil Nadu. Its website is maharajaforex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressNo.5 Ist Foor Ksaiarcade 116 Sirthyagaraya Road Thyagaraya Nagar, Chennai, Tamil Nadu, India – 600017
- IndustryFinancial Services, Forex Services
To see the full contact details of Maharaja Forex Private Limited, buy the company report.
Comprehensive company report
Maharaja 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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Brands
Maharaja Forex operates one associated brand: Maharaja Forex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides foreign exchange, money changing, and Western Union transfers in Chennai. | maharajaforex.com |
Business activity
The main business activity of Maharaja 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 Maharaja Forex Private Limited, buy the company report.
Financials of Maharaja Forex Private Limited
FY 2025 filings availableMaharaja Forex Private Limited reported revenue of ₹59.08 Cr (down 13% YoY) for FY 2025.
Revenue · FY 2025
₹59.08 Cr ▼ 13%
Net profit · FY 2025
₹6.81 Lakh margin 0.1%
EBITDA · FY 2025
₹16.77 Lakh margin 0.3%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 50%
5 years · compounded
▲ 5%
EBITDA CAGR growth
1 year
▼ 13%
3 years · compounded
▲ 56%
5 years · compounded
▲ 30%
Revenue fell 13% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 5%. EBITDA fell 13% 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 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹59.08 Cr | ||||
| Other Income | |||||
| Total Revenue | |||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹16.77 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹6.81 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.3% | ||||
| Net Profit Margin | 0.1% | ||||
| 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 Maharaja Forex Private Limited, buy the company report.
Board of directors of Maharaja Forex Private Limited
Maharaja Forex has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Senthilnathan | Director | 20 Aug 2022 | 4 Years 2 Months | Current |
| Veeravaghu Raja | Managing Director | 16 Sep 2004 | 22 Years 1 Months | Current |
Peer comparison
Maharaja 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 (other financial activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Maharaja Forex Private Limitedthis company | ₹59.08 Cr (FY 2025) | ₹6.81 Lakh | 0.1% | -13.0% | Chennai, Tamil Nadu, India | |
| Orient Exchange and Financial Services Private Limited | ₹52.08 Cr (FY 2025) | -9.0% | Bangalore, Karnataka, India | |||
| San Martin Forex and Travels Private Limited | ₹51.25 Cr (FY 2023) | 1934.0% | Kolkata, West Bengal, India | |||
| Bkash Tour and Travels Private Limited | ₹51.16 Cr (FY 2023) | 1134.0% | Kolkata, West Bengal, India | |||
| Nushki Travel and Forex Services India Private Limited | ₹50.23 Cr (FY 2024) | -9.0% | New Delhi, Delhi, India | |||
| Anagha Forex Private Limited | ₹49.74 Cr (FY 2025) | 25.0% | Hyderabad, Telangana, India | |||
| MDB Tours and Forex Private Limited | ₹49.18 Cr (FY 2025) | -16.0% | Mumbai, Maharashtra, India |
To see the full peer comparison of Maharaja Forex Private Limited, buy the company report.
Auditor
Maharaja Forex Private Limited is audited by SLS ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| SLS ASSOCIATES | FY 2021 | 028927 |
Shareholding
The shareholding of Maharaja Forex Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2018 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Maharaja Forex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹99 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Feb 2022 | 100539692 | Others | ₹45 Lakh | Open | |
| 29 Jul 2020 | 100357282 | Others | ₹6 Lakh | Open | |
| 13 Dec 2013 | 10474556 | Indusind Bank Ltd. | ₹48 Lakh | Open |
To see the full charge records of Maharaja Forex Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
No court or tribunal cases involving Maharaja Forex Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Maharaja Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Maharaja Forex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAECM0835E1ZY | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Maharaja Forex Private Limited, buy the company report.
Recent activity
Maharaja Forex Private Limited has 3 board changes on record since 2004: 2 appointments and 1 cessation. The latest: Meera Venugopal ceased to be Director on 20 Aug 2022.
AGM
Maharaja Forex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Maharaja Forex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Ceased
Meera Venugopal ceased to be Director.
Appointed
Senthilnathan was appointed as Director.
Charges
A charge with Others amounted to Rs. 45.00 Lakh with Charge ID 100539692 was registered on 18 Feb 2022.
Charges
A charge with Others amounted to Rs. 6.00 Lakh with Charge ID 100357282 was registered on 29 Jul 2020.
Charges
A charge with Indusind Bank Ltd. of Rs. 48.00 Lakh registered on 13 Dec 2013 with Charge ID 10474556 was modified on 25 Jan 2016.
Charges
A charge with Indusind Bank Ltd. amounted to Rs. 48.00 Lakh with Charge ID 10474556 was registered on 13 Dec 2013.
Appointed
Veeravaghu Raja was appointed as Managing Director.
Incorporation
16 Sep 2004
Maharaja Forex Private Limited was registered on 16 Sep 2004 with Roc Chennai & aged 22 years 1 month as per MCA records.
Frequently asked questions
Maharaja Forex is an active private limited company based in Chennai, Tamil Nadu, India. The company works in forex services, within the financial services industry. It was incorporated on 16 September 2004 (22+ years old) and is registered under CIN U67190TN2004PTC054246.
Maharaja Forex has 2 current directors:
- Veeravaghu Raja - Managing Director
- Senthilnathan - Director
The latest financial statements of Maharaja 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 Maharaja Forex is 33AAECM0835E1ZY, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Maharaja Forex is U67190TN2004PTC054246. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Maharaja Forex was incorporated on 16 September 2004, making it 22+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Maharaja Forex by revenue are Orient Exchange and Financial Services Private Limited, San Martin Forex and Travels Private Limited, Bkash Tour and Travels Private Limited, Nushki Travel and Forex Services India Private Limited, Anagha Forex Private Limited and 1 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Meera Venugopal ceased to be Director on 20 Aug 2022. Senthilnathan was appointed as Director on 20 Aug 2022. Veeravaghu Raja was appointed as Managing Director on 16 Sep 2004.
Yes, Maharaja Forex is registered as a medium enterprise under Udyam registration (number: UDYAM-TN-02-0067204).
Maharaja Forex can be reached through the website maharajaforex.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Maharaja Forex is at No.5 Ist Foor Ksaiarcade 116 Sirthyagaraya Road Thyagaraya Nagar, Chennai, Tamil Nadu, India – 600017.
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