Griffin Forex Private Limited
About Griffin Forex Private Limited
Data last updated:
Griffin Forex Private Limited was a private limited company based in Mumbai, Maharashtra, India. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the forex services segment of the financial services sector. It was incorporated on 15 February 1999.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH1999PTC118346. Its GSTIN is 27AAACG8819Q1ZW (Maharashtra). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹60 Lakh and a paid-up capital of ₹60 Lakh. It was led by directors Manjula Dharmendra Ved and Mahaveer Chand Naresh Kumar Jain.
Its last annual general meeting (AGM) was held on 30 September 2022, and its latest financial statements are for the year ended 31 March 2022. The registered office was at Mumbai, Maharashtra.
As per the financials filed for FY 2022, the company reported a revenue of ₹14,100, a decline of 100% compared to the previous year. For the same year it recorded a net loss of ₹83,889 and EBITDA of -₹82,510. Revenue has declined at a compounded annual rate (CAGR) of 87% over three years and 70% over five years.
As per MCA filings, the company had satisfied charges of ₹2.3 Cr on record. Court records list 7 cases involving the company, including 5 filed by the company and 2 filed against it.
Company details
Contact details
Griffin 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. 004 Amore Commercial Prmises Junxrion Of 02nd And 04th Road Khar Wes, T, Mumbai, Maharashtra, India – 400052
- IndustryFinancial Services, Forex Services
To see the full contact details of Griffin 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 Griffin 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 Griffin Forex Private Limited, buy the company report.
Financials of Griffin Forex Private Limited
FY 2022 filings availableGriffin Forex Private Limited reported revenue of ₹14,100 (down 100% YoY) for FY 2022.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 70% over five years. EBITDA rose 96% 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| 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 | -₹82,510 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹83,889 | ||||
| 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 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 |
|---|---|---|---|---|---|
| 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 | |||||
To see the full financial statements and ratios of Griffin Forex Private Limited, buy the company report.
Board of directors of Griffin Forex Private Limited
Griffin 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 |
|---|---|---|---|---|
| Manjula Dharmendra Ved | Director | 29 Oct 2011 | 15 Years 0 Months | As last reported |
| Mahaveer Chand Naresh Kumar Jain Also directs: Dani Forex Private Limited | Director | 18 Dec 2019 | 6 Years 10 Months | As last reported |
Peer comparison
Griffin Forex Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Kavs Forex Private Limited | ₹15,710 (FY 2025) | -100.0% | Delhi, India | |||
| P S Forex and Travels Private Limited | ₹15,450 (FY 2024) | 53.0% | New Delhi, Delhi, India | |||
| Griffin Forex Private Limitedthis company | ₹14,100 (FY 2022) | -₹83,889 | -100.0% | Mumbai, Maharashtra, India | ||
| Bys Fin and Forex Private Limited | ₹11,664 (FY 2023) | -98.0% | Bangalore, Karnataka, India | |||
| Kitkat Forex Private Limited | ₹11,421 (FY 2025) | 11.0% | Ropar, Punjab, India |
To see the full peer comparison of Griffin Forex Private Limited, buy the company report.
Auditor
Griffin Forex Private Limited is audited by JAIN & JAIN for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| JAIN & JAIN | FY 2021 | 103869W |
Shareholding
The shareholding of Griffin Forex Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Griffin Forex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 15 Oct 2010 | 10247667 | Icici Bank Limited | ₹50 Lakh | Satisfied | |
| 07 Nov 2006 | 10295026 | Corporation Bank | ₹1.1 Cr | Satisfied | |
| 10 Jan 2001 | 90234731 | Corporation Bank | ₹70 Lakh | Satisfied |
To see the full charge records of Griffin Forex Private Limited, buy the company report.
Total charge records: 3 View all charges
Legal cases
Griffin Forex Private Limited has 7 court cases on record: 5 filed by Griffin Forex, 2 filed against it. All cases are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 1 | 0 |
| High courts | 2 | 1 | 0 |
Cases on record (5 of 7)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Civil suit | Filed by the company against Ms. Holiday Selections Ltd. and 2 others | Disposed |
| Bombay High Court | Court case (APL) | Filed against the company by an individual | Disposed |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Ms Niva International and Others and 5 others | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI REV APP) | Filed by the company against an individual | Disposed |
| District court, Mumbai City Civil Court, Maharashtra | Court case (CRI APPEAL) | Filed against the company by an individual | Disposed |
To see the full case history of Griffin Forex Private Limited, buy 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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Griffin Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Griffin Forex has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACG8819Q1ZW | Maharashtra | Active | 01 Jul 2017 |
| 24AAACG8819Q1Z2 | Gujarat | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Griffin Forex Private Limited, buy the company report.
Recent activity
Griffin Forex Private Limited has 7 board changes on record since 2011: 2 appointments and 5 cessations. The latest: Mahaveer Chand Naresh Kumar Jain ceased to be Additional Director on 31 Dec 2020.
5 earlier events are in the company report.
Frequently asked questions
Griffin Forex has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Griffin Forex was a private limited company based in Mumbai, Maharashtra, India. The company worked in forex services, within the financial services industry. It was incorporated on 15 February 1999 and is registered under CIN U74999MH1999PTC118346. The company has been struck off by the Registrar of Companies and is no longer operational.
Griffin Forex had 2 directors:
- Manjula Dharmendra Ved - Director
- Mahaveer Chand Naresh Kumar Jain - Director
The CIN (Corporate Identification Number) of Griffin Forex is U74999MH1999PTC118346. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Griffin Forex is at Shop No. 004 Amore Commercial Prmises Junxrion Of 02nd And 04th Road Khar Wes, T, Mumbai, Maharashtra, India – 400052.
Griffin Forex was incorporated on 15 February 1999. It is registered with the Registrar of Companies, Mumbai.
The latest financial statements of Griffin Forex on record with the MCA are for the year ended 31 March 2022. Its last annual general meeting was held on 30 September 2022. Year-wise statements from 2015 are in the company report.
The GSTIN of Griffin Forex is 27AAACG8819Q1ZW, registered in Maharashtra. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 24AAACG8819Q1Z2 (Gujarat).
Griffin Forex operated in the financial services industry, in the forex services segment. It worked in this industry before it was struck off.
The peers of Griffin Forex by revenue are Kavs Forex Private Limited, P S Forex and Travels Private Limited, Bys Fin and Forex Private Limited, Kitkat Forex Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Griffin Forex has 7 court cases on record: 5 filed by the company and 2 filed against it. Most are in the district courts.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
