About Manav Forex Private Limited
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Manav 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 03 November 1995 and has been in existence for over 31 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67120MH1995PTC094168. Its GSTIN is 27AADCM9062E1ZF (Maharashtra).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹26 Lakh. It is led by directors Vipul Lalchand Ranawat and Jitesh Lalchand Ranawat.
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 Shop No 198/199 1st Floor City Mall Link Road Andheri (W), Mumbai, Maharashtra, India – 400058.
As per the financials filed for FY 2025, the company reported a revenue of ₹25.41 Cr, a growth of 5% compared to the previous year. For the same year it recorded a net profit of ₹5.11 Lakh (net margin 0.2%) and EBITDA of ₹7.71 Lakh (EBITDA margin 0.3%). Revenue has grown at a compounded annual rate (CAGR) of 79% over three years and 14% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website manavforex.com.
Company details
Contact details
Manav Forex Private Limited's registered office is in Mumbai, Maharashtra. Its website is manavforex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShop No 198/199 1st Floor City Mall Link Road Andheri (W), Mumbai, Maharashtra, India – 400058
- IndustryFinancial Services, Forex Services
To see the full contact details of Manav 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 Manav 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 Manav Forex Private Limited, buy the company report.
Financials of Manav Forex Private Limited
FY 2025 filings availableManav Forex Private Limited reported revenue of ₹25.41 Cr (up 5% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 14% over five years, including 5% growth in the latest year. EBITDA fell 45% 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 | ₹7.71 Lakh | ||||
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| Net Profit (PAT) | ₹5.11 Lakh | ||||
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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 | 0.3% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Manav Forex Private Limited, buy the company report.
Board of directors of Manav Forex Private Limited
Manav Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vipul Lalchand Ranawat | Director | 01 Jan 2002 | 24 Years 9 Months | Current |
| Jitesh Lalchand Ranawat | Director | 01 Jan 2002 | 24 Years 9 Months | Current |
Peer comparison
Manav 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 (activities auxiliary to financial service and insurance activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Tyagi Forex Private Limited | ₹25.56 Cr (FY 2025) | -26.0% | New Delhi, Delhi, India | |||
| Paresh Forex Private Limited | ₹25.48 Cr (FY 2025) | -8.0% | Mumbai, Maharashtra, India | |||
| Reliable Exchange House (India) Private Limited | ₹25.43 Cr (FY 2025) | -17.0% | Kalyan, Maharashtra, India | |||
| Manav Forex Private Limitedthis company | ₹25.41 Cr (FY 2025) | ₹5.11 Lakh | 0.2% | 5.0% | Mumbai, Maharashtra, India | |
| Transforo Forex Private Limited | ₹25.04 Cr (FY 2025) | -4.0% | Kolhapur, Maharashtra, India |
To see the full peer comparison of Manav Forex Private Limited, buy the company report.
Auditor
Manav Forex Private Limited is audited by Rajesh P. Shah & Company for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Rajesh P. Shah & Company | FY 2023 | 120211W |
Shareholding
The shareholding of Manav 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) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Manav Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Manav 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 Manav Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Manav Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCM9062E1ZF | Maharashtra | Active | 08 Jul 2017 |
To see the full GST registrations and return filing status of Manav Forex Private Limited, buy the company report.
Recent activity
Manav Forex Private Limited has 2 board changes on record since 2002: 2 appointments. The latest: Jitesh Lalchand Ranawat was appointed as Director on 01 Jan 2002.
Frequently asked questions
Manav 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 03 November 1995 (31+ years old) and is registered under CIN U67120MH1995PTC094168.
Manav Forex has 2 current directors:
- Vipul Lalchand Ranawat - Director
- Jitesh Lalchand Ranawat - Director
The latest financial statements of Manav 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 Manav Forex is 27AADCM9062E1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Manav Forex is U67120MH1995PTC094168. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Manav Forex was incorporated on 03 November 1995, making it 31+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Manav Forex by revenue are Tyagi Forex Private Limited, Paresh Forex Private Limited, Reliable Exchange House (India) Private Limited, Transforo Forex Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (activities auxiliary to financial service and insurance activities).
Jitesh Lalchand Ranawat was appointed as Director on 01 Jan 2002. Vipul Lalchand Ranawat was appointed as Director on 01 Jan 2002.
Manav Forex can be reached through the website manavforex.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Manav Forex is at Shop No 198199 1st Floor City Mall Link Road Andheri W, Mumbai, Maharashtra, India – 400058.
Manav Forex operates in the financial services industry, in the forex services segment.