Mayil Forex Private Limited
About Mayil Forex Private Limited
Data last updated:
Mayil Forex Private Limited is a private limited company based in Sivakasi, Tamil Nadu, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 11 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65999TN2017PTC116033. Its GSTIN is 33AAKCM9906A1ZM (Tamil Nadu).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Mayilappan Manickavel (Managing Director) and Backialakshmi.
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 270A Kamarajar Road Kanthapuram Colony, Sivakasi, Tamil Nadu, India – 626123.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.03 Lakh, a decline of 6% compared to the previous year. For the same year it recorded a net profit of ₹45,114 (net margin 1.5%) and EBITDA of ₹72,600 (EBITDA margin 2.3%). Revenue has declined at a compounded annual rate (CAGR) of 19% over three years and 10% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address270A Kamarajar Road Kanthapuram Colony, Sivakasi, Tamil Nadu, India – 626123
- IndustryFinancial Services, Diversified Financial Services
- 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
- One PDF report, delivered after checkout
Business Activity of Mayil Forex Private Limited
The main business activity of Mayil Forex is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Mayil Forex Private Limited FY 2025 filings available
Mayil Forex Private Limited reported revenue of ₹31.03 Lakh (down 6% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mayil Forex Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 10% over five years, including a 6% fall in the latest year. EBITDA rose 8% 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 of Mayil Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹72,600 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹45,114 | •••• | •••• | •••• | •••• |
| 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 of Mayil Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 1.5% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Mayil Forex are in the company report.
Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Mayil Forex Private Limited
Mayil Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Other Financial Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Bhrugav Debt Collection Solutions Private Limited | ₹31.07 Lakh (FY 2020) | •••• | •••• | -24.0% | •••• | Hyderabad, Telangana, India |
| Devonshire Capital Services Private Limited | ₹31.06 Lakh (FY 2025) | •••• | •••• | -53.0% | •••• | Mumbai, Maharashtra, India |
| Woodland Estates Ltd | ₹31.06 Lakh (FY 2024) | •••• | •••• | 55.0% | •••• | Thiruvananthapuram, Kerala, India |
| Cemex Services Private Limited | ₹31.06 Lakh (FY 2025) | •••• | •••• | 268.0% | •••• | Barasat, West Bengal, India |
| Virsad Trading Private Limited | ₹31.05 Lakh (FY 2022) | •••• | •••• | -37.0% | •••• | Vadodara, Gujarat, India |
| Mayil Forex Private Limited this company | ₹31.03 Lakh (FY 2025) | •••• | •••• | -6.0% | •••• | Sivakasi, Tamil Nadu, India |
| Ags India Pvt Ltd | ₹31.03 Lakh (FY 2024) | •••• | •••• | -70.0% | •••• | Kolkata, West Bengal, India |
| Yashaswi Commercial Private Limited | ₹31 Lakh (FY 2025) | •••• | •••• | 30.0% | •••• | Kolkata, West Bengal, India |
| Dfinkard Hub Private Limited | ₹31 Lakh (FY 2025) | •••• | •••• | 62.0% | •••• | New Delhi, Delhi, India |
| Amal Infraventures Private Limited | ₹31 Lakh (FY 2024) | •••• | •••• | 116.0% | •••• | Kolkata, West Bengal, India |
| Mvap Capital Private Limited | ₹31 Lakh (FY 2024) | •••• | •••• | •••• | Chennai, Tamil Nadu, India |
Peers are the five companies nearest above and the five nearest below Mayil Forex by revenue in the BFSI industry (Other Financial Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Mayil Forex Private Limited
Auditor information for Mayil Forex Private Limited provides details about the firm responsible for auditing the company's financial statements and ensuring compliance with regulatory requirements.
Board of Directors of Mayil Forex Private Limited
Mayil Forex has 4 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Backialakshmi | Director | 11 Apr 2017 | 9 Years 6 Months | Current |
| Mayilappan Manickavel | Managing Director | 11 Apr 2017 | 9 Years 6 Months | Current |
| Venugopal Krishnan Also directs: Cameo Unisex Salon LLP | Director | 21 Aug 2019 | 7 Years 1 Months | Current |
| Manjunatha Chandrabose | Director | 21 Aug 2019 | 7 Years 1 Months | Current |
Ownership and Shareholding of Mayil Forex Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mayil Forex Private Limited
Mayil Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Mayil Forex Private Limited
Employment history and EPFO contributions of people linked to Mayil Forex.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Mayil Forex Private Limited
Mayil Forex Private Limited has 6 board changes on record since 2017: 4 appointments and 2 cessations. The latest: Manjunatha Chandrabose ceased to be Additional Director on 30 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Mayil Forex Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Mayil Forex Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Mayil Forex Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Mayil Forex Private Limited
Mayil Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AAKCM9906A1ZM | Tamil Nadu | Active | 14 Nov 2018 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Mayil Forex Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Mayil Forex Private Limited
Mayil Forex is an active private limited company based in Sivakasi, Tamil Nadu, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 11 April 2017 (9+ years old) and is registered under CIN U65999TN2017PTC116033.
Mayil Forex reported revenue of ₹31.03 Lakh for FY 2025 (down 6% YoY).
Mayil Forex has 4 current directors:
- Mayilappan Manickavel - Managing Director
- Backialakshmi - Director
- Venugopal Krishnan - Director
- Manjunatha Chandrabose - Director
Mayil Forex reported a net profit of ₹45,114 (net margin 1.5%) and EBITDA of ₹72,600 (EBITDA margin 2.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mayil Forex is -19% over three years and -10% over five years. In the latest year (FY 2025) revenue fell 6%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mayil Forex is 33AAKCM9906A1ZM, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Mayil Forex is U65999TN2017PTC116033. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mayil Forex was incorporated on 11 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Mayil Forex by revenue are Bhrugav Debt Collection Solutions Private Limited, Devonshire Capital Services Private Limited, Woodland Estates Ltd, Cemex Services Private Limited, Virsad Trading Private Limited and 5 more, all in the BFSI industry (Other Financial Services).
Manjunatha Chandrabose ceased to be Additional Director on 30 Sep 2019. Venugopal Krishnan ceased to be Additional Director on 30 Sep 2019. Manjunatha Chandrabose was appointed as Director on 21 Aug 2019. Mayil Forex has 6 board changes on record in total.
The registered office of Mayil Forex is at 270A Kamarajar Road Kanthapuram Colony, Sivakasi, Tamil Nadu, India – 626123.