Milan Moneychanger Private Limited
About Milan Moneychanger Private Limited
Data last updated:
Milan Moneychanger Private Limited is a private limited company based in Kalol, Gujarat, India. It operates in the forex services segment of the financial services sector. It was incorporated on 20 October 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U79110GJ2016PTC094152. Its GSTIN is 24AAKCM6293Q1ZM (Gujarat).
The company has an authorised share capital of ₹27 Lakh and a paid-up capital of ₹27 Lakh. It is led by directors Shweta Sahil Shah and Sahil Manharlal Shah.
Its last annual general meeting (AGM) was held on 05 June 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at 19 GF Bt Mall Near Hdfc Bank, Kalol, Gujarat, India – 382721.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.66 Cr, a decline of 70% compared to the previous year. For the same year it recorded a net profit of ₹12,420 (net margin 0.1%) and EBITDA of ₹56,798 (EBITDA margin 0.3%). Revenue has declined at a compounded annual rate (CAGR) of 38% over three years and 12% over five years.
Court records list 1 case involving the company, including 1 filed by the company; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address19 GF Bt Mall Near Hdfc Bank, Kalol, Gujarat, India – 382721
- IndustryFinancial Services, Forex 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 Milan Moneychanger Private Limited
The main business activity of Milan Moneychanger 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 Milan Moneychanger Private Limited FY 2025 filings available
Milan Moneychanger Private Limited reported revenue of ₹1.66 Cr (down 70% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Milan Moneychanger Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 12% over five years, including a 70% fall in the latest year. EBITDA fell 26% 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 Milan Moneychanger 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 | ₹56,798 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹12,420 | •••• | •••• | •••• | •••• |
| 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 Milan Moneychanger Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.3% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.1% | •••• | •••• | •••• | •••• |
| 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 Milan Moneychanger are in the company report.
Financial statements from FY 2017
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 Milan Moneychanger Private Limited
Milan Moneychanger Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Gupta and Saha Travels and Forex Private Limited | •••• | •••• | •••• | •••• | - | Barasat - I, West Bengal, India |
| R. S. P. Forex Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Mantri Foods and Forex Private Limited | •••• | •••• | •••• | •••• | - | Ajmer, Rajasthan, India |
| U S. Exchange Consultant Private Limited | •••• | •••• | •••• | •••• | - | Satellite, Ahmedabad 380 015, Gujarat, India |
| Vagmi Forex Private Limited | •••• | •••• | •••• | •••• | - | Kapashera, Delhi, India |
| Milan Moneychanger Private Limited this company | •••• | •••• | •••• | •••• | - | Kalol, Gujarat, India |
| Bharuch Forex Private Limited | •••• | •••• | •••• | •••• | - | Bharuch, Gujarat, India |
| Nilkanth Forex Private Limited | •••• | •••• | •••• | •••• | - | Gandhinagar, Gujarat, India |
| Reeudo Forex Services Private Limited | •••• | •••• | •••• | •••• | - | Galleria Dlf-Iv, Haryana, India |
| Relcon Forex Private Limited | •••• | •••• | •••• | •••• | 15 | Vile Parle East, Maharashtra, India |
| A.P. Forex Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Milan Moneychanger by revenue in the BFSI industry (Money Exchange Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Board of Directors of Milan Moneychanger Private Limited
Milan Moneychanger has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shweta Sahil Shah | Director | 20 Oct 2016 | 9 Years 11 Months | Current |
| Sahil Manharlal Shah | Director | 20 Oct 2016 | 9 Years 11 Months | Current |
Charges & Borrowings of Milan Moneychanger Private Limited
Milan Moneychanger Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Milan Moneychanger Private Limited
Milan Moneychanger Private Limited has 1 court case on record: 1 filed by Milan Moneychanger. All case is pending. Status as checked on 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 0 | 1 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Gujarat | Special civil application | Filed by the company against Reserve Bank Innovation Hub | Pending |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at Milan Moneychanger Private Limited
Employment history and EPFO contributions of people linked to Milan Moneychanger.
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.
CIN History of Milan Moneychanger Private Limited
Milan Moneychanger has one previous CIN (Corporate Identification Number): U67110GJ2016PTC094152. The current CIN is U79110GJ2016PTC094152, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U79110GJ2016PTC094152 | Current |
| U67110GJ2016PTC094152 | Previous |
Recent Activity on Milan Moneychanger Private Limited
Milan Moneychanger Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Sahil Manharlal Shah was appointed as Director on 20 Oct 2016.
Credit Ratings, Litigation & Regulatory Alerts for Milan Moneychanger 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 Milan Moneychanger 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 Milan Moneychanger 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 Milan Moneychanger Private Limited
Milan Moneychanger has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAKCM6293Q1ZM | Gujarat | Active | 15 Jul 2017 |
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 Milan Moneychanger 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 Milan Moneychanger Private Limited
Milan Moneychanger is an active private limited company based in Kalol, Gujarat, India. The company works in forex services, within the financial services industry. It was incorporated on 20 October 2016 (10+ years old) and is registered under CIN U79110GJ2016PTC094152.
Milan Moneychanger reported revenue of ₹1.66 Cr for FY 2025 (down 70% YoY).
Milan Moneychanger has 2 current directors:
- Shweta Sahil Shah - Director
- Sahil Manharlal Shah - Director
Milan Moneychanger reported a net profit of ₹12,420 (net margin 0.1%) and EBITDA of ₹56,798 (EBITDA margin 0.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Milan Moneychanger is 38% over three years and -12% over five years. In the latest year (FY 2025) revenue fell 70%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Milan Moneychanger is 24AAKCM6293Q1ZM, registered in Gujarat.
The CIN (Corporate Identification Number) of Milan Moneychanger is U79110GJ2016PTC094152. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Milan Moneychanger has 1 court case on record: 1 filed by the company. 1 is pending.
Milan Moneychanger was incorporated on 20 October 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Milan Moneychanger by revenue are Gupta and Saha Travels and Forex Private Limited, R. S. P. Forex Private Limited, Mantri Foods and Forex Private Limited, U S. Exchange Consultant Private Limited, Vagmi Forex Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Sahil Manharlal Shah was appointed as Director on 20 Oct 2016. Shweta Sahil Shah was appointed as Director on 20 Oct 2016.