Mudra Forex Private Limited
About Mudra Forex Private Limited
Data last updated:
Mudra 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 May 2001 and has been in existence for over 25 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U65191MH2001PTC131870. Its GSTIN is 27AACCM4877A1ZJ (Maharashtra).
The company has an authorised share capital of ₹10 Lakh and a paid-up capital of ₹3.52 Lakh. It is led by directors Prakash Ramesh Nandu (Whole-Time Director) and Harakhchand Tokarshi 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 282/6 Khandke Building S.B.Singh Road Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2025, the company reported a revenue of ₹7.69 Cr, a growth of 8% compared to the previous year. For the same year it recorded a net profit of ₹52,110 (net margin 0.1%) and EBITDA of ₹82,910 (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 55% over three years and 3% over five years.
Court records list 6 cases involving the company, including 2 filed by the company and 1 filed against it; 1 case is pending.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address282/6 Khandke Building S.B.Singh Road Fort, Mumbai, Maharashtra, India – 400001
- 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 Mudra Forex Private Limited
The main business activity of Mudra Forex is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance 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 Mudra Forex Private Limited FY 2025 filings available
Mudra Forex Private Limited reported revenue of ₹7.69 Cr (up 8% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Mudra Forex Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 3% over five years, including 8% growth in the latest year. EBITDA fell 30% 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 Mudra Forex 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 | ₹82,910 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹52,110 | •••• | •••• | •••• | •••• |
| 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 Mudra Forex Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Mudra 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
Verified entity values are shown only after access is granted.
Board of Directors of Mudra Forex Private Limited
Mudra Forex has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Harakhchand Tokarshi Shah | Director | 04 May 2001 | 25 Years 5 Months | Current |
| Prakash Ramesh Nandu Also directs: Goodvalue Services LLP | Whole-Time Director | 04 May 2001 | 25 Years 5 Months | Current |
Peer Comparison of Mudra Forex Private Limited
Mudra Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Kailash International Private Limited | ₹7.72 Cr (FY 2024) | •••• | •••• | -48.0% | •••• | New Delhi, Delhi, India |
| HK Forex Private Limited | ₹7.71 Cr (FY 2021) | •••• | •••• | •••• | Delhi, India | |
| Shree Harsiddhi Forex Private Limited | ₹7.71 Cr (FY 2019) | •••• | •••• | -21.0% | •••• | Mumbai, Maharashtra, India |
| R.S International Private Limited | ₹7.71 Cr (FY 2025) | •••• | •••• | 225.0% | •••• | Nawanshahr, Punjab, India |
| Magic Forex Private Limited | ₹7.7 Cr (FY 2025) | •••• | •••• | -51.0% | •••• | Mumbai, Maharashtra, India |
| Mudra Forex Private Limited this company | ₹7.69 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Mumbai, Maharashtra, India |
| Sanghvi Dhanrupji Devaji Money Changers Private Limited | ₹7.65 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Mumbai, Maharashtra, India |
| Laxman Forex Private Limited | ₹7.63 Cr (FY 2025) | •••• | •••• | 7117.0% | •••• | Nanganallur, Chennai, Tamil Nadu, India |
| Topknot Forex Private Limited | ₹7.61 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Kanpur, Uttar Pradesh, India |
| Taurus Forex Private Limited | ₹7.59 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Agra, Uttar Pradesh, India |
| Haast Forex Private Limited | ₹7.57 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Panipat, Haryana, India |
Peers are the five companies nearest above and the five nearest below Mudra Forex by revenue in the BFSI industry (Money Exchange Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Mudra Forex Private Limited
Mudra Forex Private Limited is audited by K A S H & CO for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| K A S H & CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Mudra Forex Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Mudra Forex Private Limited
Mudra Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases of Mudra Forex Private Limited
Mudra Forex Private Limited has 6 court cases on record: 2 filed by Mudra Forex, 1 filed against it, 3 where it is another party. 1 case is pending and 5 are disposed. Status as checked between 29 Sep 2026 and 03 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 0 | 1 |
| High courts | 1 | 1 | 0 |
Cases on record (5 of 6)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai Small Causes Court, Maharashtra | Appeal | Company is another party | Pending |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (MANRJI) | Company is another party | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Court case (Revision) | Filed by the company against an individual | Disposed |
| District court, Mumbai Small Causes Court, Maharashtra | Appeal | Filed by the company against an individual | Disposed |
| Bombay High Court | Writ petition | Filed against the company by an individual | Disposed |
Full case history
All 6 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 Mudra Forex Private Limited
Employment history and EPFO contributions of people linked to Mudra Forex.
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.
Recent Activity on Mudra Forex Private Limited
Mudra Forex Private Limited has 4 board changes on record since 2001: 2 appointments and 2 cessations. The latest: Hemant Nanji Chheda ceased to be Additional Director on 31 Dec 2009.
Credit Ratings, Litigation & Regulatory Alerts for Mudra Forex 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 Mudra Forex 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 Mudra Forex 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 Mudra Forex Private Limited
Mudra Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AACCM4877A1ZJ | Maharashtra | Active | 01 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 Mudra Forex 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 Mudra Forex Private Limited
Mudra 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 May 2001 (25+ years old) and is registered under CIN U65191MH2001PTC131870.
Mudra Forex reported revenue of ₹7.69 Cr for FY 2025 (up 8% YoY).
Mudra Forex has 2 current directors:
- Prakash Ramesh Nandu - Whole-Time Director
- Harakhchand Tokarshi Shah - Director
Mudra Forex reported a net profit of ₹52,110 (net margin 0.1%) and EBITDA of ₹82,910 (EBITDA margin 0.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Mudra Forex is 55% over three years and 3% over five years. In the latest year (FY 2025) revenue rose 8%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Mudra Forex is 27AACCM4877A1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Mudra Forex is U65191MH2001PTC131870. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Mudra Forex has 6 court cases on record: 2 filed by the company and 1 filed against it. 1 is pending. Most are in the district courts.
Mudra Forex was incorporated on 04 May 2001, making it 25+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Mudra Forex by revenue are Kailash International Private Limited, HK Forex Private Limited, Shree Harsiddhi Forex Private Limited, R.S International Private Limited, Magic Forex Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Hemant Nanji Chheda ceased to be Additional Director on 31 Dec 2009. Ramniklal Chhaganlal Dedhia ceased to be Additional Director on 31 Dec 2009. Harakhchand Tokarshi Shah was appointed as Director on 04 May 2001. Mudra Forex has 4 board changes on record in total.