Millionaire Forex Private Limited
About Millionaire Forex Private Limited
Data last updated:
Millionaire 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 04 December 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67100MH2013PTC250767. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹2 Cr and a paid-up capital of ₹25 Lakh. It is led by directors including Sanjay Babulal Punamiya and Hitesh Chandanmal Punamiya.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2025, the company reported a revenue of ₹18.83 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹1.22 Lakh (net margin 0.1%) and EBITDA of ₹1.64 Lakh (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 75% over three years and 6% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Millionaire 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 AddressShop No 4 Sweet Home Building Below Raja Rani Travels L.J Road Matun, Ga., Mumbai, Maharashtra, India – 400016
- IndustryFinancial Services, Forex Services
To see the full contact details of Millionaire 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 Millionaire 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 Millionaire Forex Private Limited, buy the company report.
Financials of Millionaire Forex Private Limited
FY 2025 filings availableMillionaire Forex Private Limited reported revenue of ₹18.83 Cr (down 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 10% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 6%. EBITDA fell 84% 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 |
|---|---|---|---|---|---|
| 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 | ₹1.64 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹1.22 Lakh | ||||
| 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
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Millionaire Forex Private Limited, buy the company report.
Board of directors of Millionaire Forex Private Limited
Millionaire Forex has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sanjay Babulal Punamiya Also directs: SP Gold Mine Private Limited | Director | 04 Dec 2013 | 12 Years 10 Months | Current |
| Hitesh Chandanmal Punamiya Also directs: Royalindia Forex Private Limited | Director | 04 Dec 2013 | 12 Years 10 Months | Current |
| Devendra Kumar Babulal Punmiya | Director | 15 Mar 2015 | 11 Years 7 Months | Current |
Peer comparison
Millionaire Forex Private Limited is compared with the 3 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 |
|---|---|---|---|---|---|---|
| Premonex Forex Private Limited | ₹19.15 Cr (FY 2025) | -28.0% | Kolkata, West Bengal, India | |||
| MRK Forex & Tourism Private Limited | ₹18.91 Cr (FY 2024) | 61.0% | Kolkata, West Bengal, India | |||
| Millionaire Forex Private Limitedthis company | ₹18.83 Cr (FY 2025) | ₹1.22 Lakh | 0.1% | -10.0% | Mumbai, Maharashtra, India | |
| Ui Forex and Holiday Private Limited | ₹18.6 Cr (FY 2025) | 2.0% | Janak Puri New, Delhi, India |
To see the full peer comparison of Millionaire Forex Private Limited, buy the company report.
Auditor
Millionaire Forex Private Limited is audited by N G JAIN & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N G JAIN & CO | FY 2021 | 103941W |
Shareholding
The shareholding of Millionaire Forex Private Limited is on record for 4 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Millionaire Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Millionaire 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 Millionaire Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Millionaire Forex has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Millionaire Forex Private Limited, buy the company report.
Recent activity
Millionaire Forex Private Limited has 3 board changes on record since 2013: 3 appointments. The latest: Devendra Kumar Babulal Punmiya was appointed as Director on 15 Mar 2015.
Frequently asked questions
Millionaire 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 04 December 2013 (13+ years old) and is registered under CIN U67100MH2013PTC250767.
Millionaire Forex has 3 current directors:
- Sanjay Babulal Punamiya - Director
- Hitesh Chandanmal Punamiya - Director
- Devendra Kumar Babulal Punmiya - Director
The latest financial statements of Millionaire 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.
No. Millionaire Forex has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Millionaire Forex is U67100MH2013PTC250767. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Millionaire Forex was incorporated on 04 December 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Millionaire Forex by revenue are Premonex Forex Private Limited, MRK Forex & Tourism Private Limited, Ui Forex and Holiday Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (activities auxiliary to financial service and insurance activities).
Devendra Kumar Babulal Punmiya was appointed as Director on 15 Mar 2015. Hitesh Chandanmal Punamiya was appointed as Director on 04 Dec 2013. Sanjay Babulal Punamiya was appointed as Director on 04 Dec 2013.
The registered office of Millionaire Forex is at Shop No 4 Sweet Home Building Below Raja Rani Travels L.J Road Matun, Ga., Mumbai, Maharashtra, India – 400016.
Millionaire Forex operates in the financial services industry, in the forex services segment.
The compliance status of Millionaire Forex is compliant as of 05 September 2026. The company is actively filing with the Registrar of Companies.