Monarch Forex Private Limited
About Monarch Forex Private Limited
Data last updated:
Monarch Forex Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the forex services segment of the financial services sector. It was incorporated on 30 July 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ2014PTC080296. Its GSTIN is 24AAJCM3091P1ZZ (Gujarat).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Neha Jayeshkumar Shah and Smit Jayeshkumar Shah.
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 7 Ishwarpuri 1 Kailashkunj Society B/H Lal Bunglow Navrangpura, Ahmedabad, Gujarat, India – 380006.
As per the financials filed for FY 2025, the company reported a revenue of ₹78,610, a growth of 7% compared to the previous year. For the same year it recorded a net loss of ₹4.69 Lakh and EBITDA of -₹4.46 Lakh. Revenue has declined at a compounded annual rate (CAGR) of 82% over three years and 74% over five years.
As per MCA filings, the company has satisfied charges of ₹10.12 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address7 Ishwarpuri 1 Kailashkunj Society B/H Lal Bunglow Navrangpura, Ahmedabad, Gujarat, India – 380006
- 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
Financials of Monarch Forex Private Limited
FY 2025 filings availableMonarch Forex Private Limited reported revenue of ₹78,610 (up 7% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue rose 7% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 74%. 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 2020-21 to FY 2023-24in the company report |
|---|---|---|
| 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 | -₹4.46 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹4.69 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 2020-21 to FY 2023-24in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | •••• | |
| Net Profit Margin | •••• | |
| 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, and every line for FY 2020-21 to FY 2023-24, 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 Monarch Forex are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Board of Directors of Monarch Forex Private Limited
Monarch Forex has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Neha Jayeshkumar Shah | Director | 10 Mar 2016 | 10 Years 7 Months | Current |
| Smit Jayeshkumar Shah | Director | 27 Mar 2018 | 8 Years 6 Months | Current |
Peer Comparison
Monarch Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Agr Forex and Holdings Private Limited | ₹90,000 (FY 2025) | •••• | •••• | •••• | Delhi, India | |
| Whitepaper Forex Private Limited | ₹83,975 (FY 2025) | •••• | •••• | -100.0% | •••• | Ahmedabad, Gujarat, India |
| Monarch Forex Private Limited this company | ₹78,610 (FY 2025) | •••• | •••• | 7.0% | •••• | Ahmedabad, Gujarat, India |
| Viyani Enterprises Private Limited | ₹71,470 (FY 2025) | •••• | •••• | -68.0% | •••• | Kottayam, Kerala, India |
| Hasten Forex and Travel Private Limited | ₹71,000 (FY 2025) | •••• | •••• | -100.0% | •••• | Rajkot, Gujarat, India |
| Manasarovar Forex Private Limited | ₹70,121 (FY 2021) | •••• | •••• | -94.0% | •••• | Chennai, Tamil Nadu, India |
Peers are the companies nearest to Monarch Forex by revenue, above and below it, in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details
Monarch Forex Private Limited is audited by SONI & THAKKAR for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SONI & THAKKAR | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
| Date | Lender | Amount | Status |
|---|---|---|---|
| 25 Apr 2023 | Axis Bank Limited | ₹10.12 Lakh | Satisfied |
Total charge records: 1 View all charges
Legal Cases
Monarch Forex Private Limited has 1 court case on record: 1 filed by Monarch Forex. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Ahmedabad, Gujarat | Criminal complaint | Filed by the company against an individual | Disposed |
: available in the company report
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
Employment history and EPFO contributions of people linked to Monarch Forex.
: available in the company report
Recent Activity
Monarch Forex Private Limited has 7 board changes on record since 2016: 2 appointments and 5 cessations. The latest: Roomani Jayeshbhai Shah ceased to be Additional Director on 30 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts
: available in the company report
MSME Payment Delays
: available in the company report
Subsidiaries & Group Companies
: available in the company report
GST Compliance
Monarch Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAJCM3091P1ZZ | Gujarat | Active | 01 Jul 2017 |
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
Monarch Forex is an active private limited company based in Ahmedabad, Gujarat, India. The company works in forex services, within the financial services industry. It was incorporated on 30 July 2014 (12+ years old) and is registered under CIN U67120GJ2014PTC080296.
Monarch Forex has 2 current directors:
- Neha Jayeshkumar Shah - Director
- Smit Jayeshkumar Shah - Director
The latest financial statements of Monarch 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.
The GSTIN of Monarch Forex is 24AAJCM3091P1ZZ, registered in Gujarat.
The CIN (Corporate Identification Number) of Monarch Forex is U67120GJ2014PTC080296. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Monarch Forex has 1 court case on record: 1 filed by the company.
Monarch Forex was incorporated on 30 July 2014, making it 12+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Monarch Forex by revenue are Agr Forex and Holdings Private Limited, Whitepaper Forex Private Limited, Viyani Enterprises Private Limited, Hasten Forex and Travel Private Limited, Manasarovar Forex Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Roomani Jayeshbhai Shah ceased to be Additional Director on 30 Sep 2019. Smit Jayeshkumar Shah ceased to be Additional Director on 30 Sep 2019. Meenaben Madhukant Parab ceased to be Director on 29 Mar 2018. Monarch Forex has 7 board changes on record in total.
The registered office of Monarch Forex is at 7 Ishwarpuri 1 Kailashkunj Society BH Lal Bunglow Navrangpura, Ahmedabad, Gujarat, India – 380006.
Monarch Forex operates in the financial services industry, in the forex services segment.