MDB Tours and Forex Private Limited
About MDB Tours and Forex Private Limited
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MDB Tours and 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 12 March 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2019PTC322465. Its GSTIN is 27AAMCM5175D1ZA (Maharashtra). The company holds 3 GST registrations, all of them active.
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹55 Lakh. It is led by directors Bhavik D Patel and Dhaval Jayantilal Panchal.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹49.18 Cr, a decline of 16% compared to the previous year. For the same year it recorded a net loss of ₹29,960 (net margin 0%) and EBITDA of ₹29,130 (EBITDA margin 0%). Revenue has grown at a compounded annual rate (CAGR) of 31% over three years and 45% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
MDB Tours and 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 AddressOffice – 77 Ground Floor Eaze Zone Mall Cts No. 1214/1 Of Village Malad South Go, Regaon (W), Mumbai, Maharashtra, India – 400062
- IndustryFinancial Services, Forex Services
To see the full contact details of MDB Tours and 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 MDB Tours and 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 MDB Tours and Forex Private Limited, buy the company report.
Financials of MDB Tours and Forex Private Limited
FY 2024 filings availableMDB Tours and Forex Private Limited reported revenue of ₹49.18 Cr (down 16% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 16% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 45%. EBITDA fell 85% 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 | ₹29,130 | ||||
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| Net Profit (PAT) | -₹29,960 | ||||
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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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| EBITDA Margin | 0% | ||||
| Net Profit Margin | 0% | ||||
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To see the full financial statements and ratios of MDB Tours and Forex Private Limited, buy the company report.
Board of directors of MDB Tours and Forex Private Limited
MDB Tours and Forex has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavik D Patel Also directs: PMP Surgimed LLP, MDB Infra Buildcon India Private Limited | Director | 12 Mar 2019 | 7 Years 7 Months | Current |
| Dhaval Jayantilal Panchal Also directs: PMP Surgimed LLP, MDB Infra Buildcon India Private Limited | Director | 12 Mar 2019 | 7 Years 7 Months | Current |
Peer comparison
MDB Tours and Forex Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Money Exchange Services, Tours), 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 Limited | ₹50.93 Cr (FY 2023) | 190.0% | Chennai.17, Tamil Nadu, 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 Limitedthis company | ₹49.18 Cr (FY 2025) | -₹29,960 | 0% | -16.0% | Mumbai, Maharashtra, India | |
| Saha Shaw Forex Private Limited | ₹48.16 Cr (FY 2024) | 88.0% | Kolkata, West Bengal, India | |||
| International Currency Exchange (India) Private Limited | ₹47.78 Cr (FY 2015) | -29.0% | Calangute, Goa, India | |||
| Catalyst Horizon Services Private Limited | ₹47.68 Cr (FY 2024) | 10.0% | Kolkata, West Bengal, India |
To see the full peer comparison of MDB Tours and Forex Private Limited, buy the company report.
Auditor
MDB Tours and Forex Private Limited is audited by NIMESH B. PAREKH & CO. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NIMESH B. PAREKH & CO. | FY 2023 | 137504W |
Shareholding
The shareholding of MDB Tours and Forex Private Limited is on record for 4 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 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of MDB Tours and Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving MDB Tours and 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 MDB Tours and Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
MDB Tours and Forex has 3 GST registrations: 3 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAMCM5175D1ZA | Maharashtra | Active | 30 May 2019 |
| 30AAMCM5175D1ZN | Goa | Active | 15 Nov 2024 |
| 08AAMCM5175D1ZA | Rajasthan | Active | 18 Dec 2024 |
To see the full GST registrations and return filing status of MDB Tours and Forex Private Limited, buy the company report.
Recent activity
MDB Tours and Forex Private Limited has 4 board changes on record since 2019: 2 appointments and 2 cessations. The latest: Ashaben Bhavik Patel ceased to be Additional Director on 22 Feb 2023.
Frequently asked questions
MDB Tours and 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 12 March 2019 (7+ years old) and is registered under CIN U74999MH2019PTC322465.
MDB Tours and Forex has 2 current directors:
- Bhavik D Patel - Director
- Dhaval Jayantilal Panchal - Director
The latest financial statements of MDB Tours and 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 FY 2019 are in the company report.
The GSTIN of MDB Tours and Forex is 27AAMCM5175D1ZA, registered in Maharashtra. The company has 3 GST registrations in all, of which 3 are active. Other active GSTINs include 30AAMCM5175D1ZN (Goa), 08AAMCM5175D1ZA (Rajasthan).
The CIN (Corporate Identification Number) of MDB Tours and Forex is U74999MH2019PTC322465. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MDB Tours and Forex was incorporated on 12 March 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of MDB Tours and Forex by revenue are Maharaja Forex Private Limited, Nushki Travel and Forex Services India Private Limited, Anagha Forex Private Limited, Saha Shaw Forex Private Limited, International Currency Exchange (India) Private Limited and 1 more, all in the BFSI industry (Money Exchange Services, Tours), with the same principal business activity (other financial activities).
Ashaben Bhavik Patel ceased to be Additional Director on 22 Feb 2023. Dhaval Jayantilal Panchal ceased to be Director on 26 Nov 2022. Bhavik D Patel was appointed as Director on 12 Mar 2019. MDB Tours and Forex has 4 board changes on record in total.
The registered office of MDB Tours and Forex is at Office – 77 Ground Floor Eaze Zone Mall Cts No. 12141 Of Village Malad South Go, Regaon W, Mumbai, Maharashtra, India – 400062.
MDB Tours and Forex operates in the financial services industry, in the forex services segment.
The compliance status of MDB Tours and Forex is compliant as of 10 August 2026. The company is actively filing with the Registrar of Companies.
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