Mahavir Forex Private Limited
About Mahavir Forex Private Limited
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Mahavir Forex Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the forex services segment of the financial services sector. It was incorporated on 24 April 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2012PTC230153. Its GSTIN is 27AAHCM8814E1ZD (Maharashtra).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Ashish Suresh Solanki and Mahesh Kumar Suresh Kumar Solanki.
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 Shop No 3 Siddhivinayak Chambers Gandhi Nagar Bandra (East), Mumbai, Maharashtra, India – 400051.
As per the financials filed for FY 2025, the company reported a revenue of ₹5.53 Cr, a decline of 46% compared to the previous year. For the same year it recorded a net profit of ₹15,986 (net margin 0%) and EBITDA of ₹54,568 (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 101% over three years and 1% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Mahavir 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 AddressShop No 3 Siddhivinayak Chambers Gandhi Nagar Bandra (East), Mumbai, Maharashtra, India – 400051
- IndustryFinancial Services, Forex Services
To see the full contact details of Mahavir 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 Mahavir 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 Mahavir Forex Private Limited, buy the company report.
Financials of Mahavir Forex Private Limited
FY 2024 filings availableMahavir Forex Private Limited reported revenue of ₹5.53 Cr (down 46% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 46% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 1%. EBITDA fell 65% 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 | ₹54,568 | ||||
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| Net Profit (PAT) | ₹15,986 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| Profitability | |||||
| EBITDA Margin | 0.1% | ||||
| Net Profit Margin | 0% | ||||
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To see the full financial statements and ratios of Mahavir Forex Private Limited, buy the company report.
Board of directors of Mahavir Forex Private Limited
Mahavir Forex has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ashish Suresh Solanki Also directs: Andes Foods LLP | Director | 24 Apr 2012 | 14 Years 5 Months | Current |
| Mahesh Kumar Suresh Kumar Solanki | Director | 24 Apr 2012 | 14 Years 5 Months | Current |
Auditor
Mahavir Forex Private Limited is audited by A D R J & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A D R J & Company | FY 2023 | 145371 |
Shareholding
The shareholding of Mahavir 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 Mahavir Forex Private Limited, buy the company report.
Legal cases
Mahavir Forex Private Limited has 1 court case on record: 1 filed by Mahavir Forex. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against M/S Opex Freight Systems Pvt. Ltd. | Disposed |
To see the full case history of Mahavir 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 Mahavir Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Mahavir Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCM8814E1ZD | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Mahavir Forex Private Limited, buy the company report.
Recent activity
Mahavir Forex Private Limited has 3 board changes on record since 2012: 2 appointments and 1 cessation. The latest: Arvind Inderchand Ranawat ceased to be Managing Director on 31 Mar 2019.
Frequently asked questions
Mahavir Forex is an active private limited company based in Mumbai, Maharashtra, India. The company works in forex services, within the financial services industry. It was incorporated on 24 April 2012 (14+ years old) and is registered under CIN U67190MH2012PTC230153.
Mahavir Forex has 2 current directors:
- Ashish Suresh Solanki - Director
- Mahesh Kumar Suresh Kumar Solanki - Director
The latest financial statements of Mahavir 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.
The GSTIN of Mahavir Forex is 27AAHCM8814E1ZD, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mahavir Forex is U67190MH2012PTC230153. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mahavir Forex has 1 court case on record: 1 filed by the company.
Mahavir Forex was incorporated on 24 April 2012, making it 14+ years old. It is registered with the Registrar of Companies, Mumbai.
Arvind Inderchand Ranawat ceased to be Managing Director on 31 Mar 2019. Ashish Suresh Solanki was appointed as Director on 24 Apr 2012. Mahesh Kumar Suresh Kumar Solanki was appointed as Director on 24 Apr 2012.
The registered office of Mahavir Forex is at Shop No 3 Siddhivinayak Chambers Gandhi Nagar Bandra East, Mumbai, Maharashtra, India – 400051.
Mahavir Forex operates in the financial services industry, in the forex services segment.