MGM Forex Solution Private Limited
About MGM Forex Solution Private Limited
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MGM Forex Solution Private Limited is a private limited company based in Delhi, India. It operates in the forex services segment of the financial services sector. It was incorporated on 20 February 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74110DL2015PTC276984. Its GSTIN is 07AADCJ4608H1ZO (Delhi). The company holds 2 GST registrations, all of them active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹53 Lakh. It was formerly known as Ss Forex Solutions Private Limited and Joyce Travels & Tours Private Limited. It is led by directors including Hawa Singh Gurawa and Mamta Yadav.
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 Space No. 137 & 124 Lower Ground Floor World Trade Centre Babar Road, Delhi, India – 110001.
As per the financials filed for FY 2024, the company reported a revenue of ₹163.3 Cr, a growth of 33% compared to the previous year. For the same year it recorded a net profit of ₹3.88 Lakh (net margin 0%) and EBITDA of ₹6.36 Lakh (EBITDA margin 0%). Revenue has grown at a compounded annual rate (CAGR) of 549% over three years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Name history
MGM Forex Solution has undergone 4 name changes throughout its history. The current legal name is Mgm Forex Solution Private Limited.
| Company Name | Status |
|---|---|
| MGM Forex Solution Private Limited | Current |
| Ss Forex Solutions Private Limited | Previous |
| Joyce Travels & Tours Private Limited | Previous |
| Grace Forex Solution Private Limited | Previous |
| Ss Forex Management Private Limited | Previous |
CIN history
MGM Forex Solution has one previous CIN (Corporate Identification Number): U74999DL2015PTC276984. The current CIN is U74110DL2015PTC276984, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74110DL2015PTC276984 | Current |
| U74999DL2015PTC276984 | Previous |
Contact details
MGM Forex Solution Private Limited's registered office is in Delhi, Delhi. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressSpace No. 137 & 124 Lower Ground Floor World Trade Centre Babar Road, Delhi, India – 110001
- IndustryFinancial Services, Forex Services
To see the full contact details of MGM Forex Solution 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 MGM Forex Solution 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 MGM Forex Solution Private Limited, buy the company report.
Financials of MGM Forex Solution Private Limited
FY 2024 filings availableMGM Forex Solution Private Limited reported revenue of ₹163.3 Cr (up 33% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 549% over three years, including 33% growth in the latest year. EBITDA rose 52% 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹6.36 Lakh | ||||
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| Net Profit (PAT) | ₹3.88 Lakh | ||||
| Balance Sheet | |||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0% | ||||
| Net Profit Margin | 0% | ||||
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To see the full financial statements and ratios of MGM Forex Solution Private Limited, buy the company report.
Board of directors of MGM Forex Solution Private Limited
MGM Forex Solution has 3 current directors and 8 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Hawa Singh Gurawa | Director | 29 Jul 2022 | 4 Years 3 Months | Current |
| Mamta Yadav | Director | 29 Jul 2022 | 4 Years 3 Months | Current |
| Abhishek Gurawa Also directs: Felix Spirits Private Limited | Director | 09 Mar 2019 | 7 Years 7 Months | Current |
Peer comparison
MGM Forex Solution Private Limited is compared with the 7 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 |
|---|---|---|---|---|---|---|
| Richal Forex Private Limited | ₹190.63 Cr (FY 2024) | 331.0% | Skill Spectrum Himayat Nagar, Telangana, India | |||
| STK Unity Umbrella Limited | ₹182.28 Cr (FY 2024) | 61.0% | Hyderabad, Telangana, India | |||
| Malacca Forex Private Limited | ₹167.71 Cr (FY 2019) | 491.0% | Thane, Maharashtra, India | |||
| MGM Forex Solution Private Limitedthis company | ₹163.3 Cr (FY 2024) | ₹3.88 Lakh | 0% | 33.0% | Delhi, India | |
| Last Moment Forex Private Limited | ₹161.91 Cr (FY 2020) | 1234.0% | Kolkata, West Bengal, India | |||
| RNB Forex & Travels Private Limited | ₹159.54 Cr (FY 2021) | 160.0% | Kolkata, West Bengal, India | |||
| Overseas Forex Private Limited | ₹158.78 Cr (FY 2022) | 318203.0% | Gurgaon, Haryana, India | |||
| Muthoot Forex Limited | ₹155.59 Cr (FY 2025) | 3.0% | Ernakulam, Kerala, India |
To see the full peer comparison of MGM Forex Solution Private Limited, buy the company report.
Auditor
MGM Forex Solution Private Limited is audited by NITIN GURU & ASSOCIATES for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| NITIN GURU & ASSOCIATES | FY 2022 | 23714N |
Shareholding
The shareholding of MGM Forex Solution 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 MGM Forex Solution Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving MGM Forex Solution 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 MGM Forex Solution Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
MGM Forex Solution has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 07AADCJ4608H1ZO | Delhi | Active | 11 Oct 2019 |
| 06AADCJ4608H1ZQ | Haryana | Active | 04 Apr 2023 |
To see the full GST registrations and return filing status of MGM Forex Solution Private Limited, buy the company report.
Recent activity
MGM Forex Solution Private Limited has 11 board changes on record since 2019: 3 appointments and 8 cessations. The latest: Hawa Singh Gurawa ceased to be Additional Director on 30 Sep 2022.
2 earlier events are in the company report.
Frequently asked questions
MGM Forex Solution is an active private limited company based in Delhi, India. The company works in forex services, within the financial services industry. It was incorporated on 20 February 2015 (11+ years old) and is registered under CIN U74110DL2015PTC276984.
MGM Forex Solution has 3 current directors:
- Hawa Singh Gurawa - Director
- Mamta Yadav - Director
- Abhishek Gurawa - Director
The latest financial statements of MGM Forex Solution 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 MGM Forex Solution is 07AADCJ4608H1ZO, registered in Delhi. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 06AADCJ4608H1ZQ (Haryana).
The CIN (Corporate Identification Number) of MGM Forex Solution is U74110DL2015PTC276984. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
MGM Forex Solution was incorporated on 20 February 2015, making it 11+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of MGM Forex Solution by revenue are Richal Forex Private Limited, STK Unity Umbrella Limited, Malacca Forex Private Limited, Last Moment Forex Private Limited, RNB Forex & Travels Private Limited and 2 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Hawa Singh Gurawa ceased to be Additional Director on 30 Sep 2022. Mamta Yadav ceased to be Additional Director on 30 Sep 2022. Hawa Singh Gurawa was appointed as Director on 29 Jul 2022. MGM Forex Solution has 11 board changes on record in total.
The registered office of MGM Forex Solution is at Space No. 137 & 124 Lower Ground Floor World Trade Centre Babar Road, Delhi, India – 110001.
MGM Forex Solution operates in the financial services industry, in the forex services segment.
The compliance status of MGM Forex Solution is compliant as of 06 September 2026. The company is actively filing with the Registrar of Companies.
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