Murad Air Forex Private Limited
About Murad Air Forex Private Limited
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Murad Air Forex Private Limited is a private limited company based in Kapurthala, Punjab, India. It operates in the financial auxiliary services segment of the financial services sector. It was incorporated on 10 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U67190PB2017PTC046707. Its GSTIN is 03AALCM1886A1ZP (Punjab).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Sandeep Gandhi and Heena Gandhi.
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 Shop No.2 Mdsd Sr.Sec School Building Opp. State Bank Of India Mall Road, Kapurthala, Punjab, India – 144601.
As per the financials filed for FY 2025, the company reported a revenue of ₹2.04 Cr, a decline of 21% compared to the previous year. For the same year it recorded a net profit of ₹43,438 (net margin 0.2%) and EBITDA of ₹43,438 (EBITDA margin 0.2%). Revenue has declined at a compounded annual rate (CAGR) of 7% over three years and 15% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Murad Air Forex Private Limited's registered office is in Kapurthala, Punjab. Its e-mail address is in the company report.
- Email
- Registered AddressShop No.2 Mdsd Sr.Sec School Building Opp. State Bank Of India Mall Road, Kapurthala, Punjab, India – 144601
- IndustryFinancial Services, Auxiliary To Financial Intermediatory
To see the full contact details of Murad Air 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 Murad Air 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 Murad Air Forex Private Limited, buy the company report.
Financials of Murad Air Forex Private Limited
FY 2025 filings availableMurad Air Forex Private Limited reported revenue of ₹2.04 Cr (down 21% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 15% over five years, including a 21% fall in the latest year. EBITDA rose 17% 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 |
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| EBITDA | ₹43,438 | ||||
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| Net Profit (PAT) | ₹43,438 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 0.2% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Murad Air Forex Private Limited, buy the company report.
Board of directors of Murad Air Forex Private Limited
Murad Air Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sandeep Gandhi | Director | 10 Jul 2017 | 9 Years 3 Months | Current |
| Heena Gandhi | Director | 10 Jul 2017 | 9 Years 3 Months | Current |
Peer comparison
Murad Air Forex Private Limited is compared with the 10 companies closest to it by revenue in 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 |
|---|---|---|---|---|---|---|
| Hampton Investments Private Limited | ₹2.04 Cr (FY 2017) | 1265.0% | Bangalore, Karnataka, India | |||
| Bainda Leasing and Finance Private Limited | ₹2.04 Cr (FY 2024) | 32276.0% | New Delhi, Delhi, India | |||
| Ishwarshakti Holdings & Traders Limited | ₹2.04 Cr (FY 2024) | 68.0% | Mumbai, Maharashtra, India | |||
| Shri Ayngaran Business Chits Private Limited | ₹2.04 Cr (FY 2024) | -4.0% | Kancheepuram, Tamil Nadu, India | |||
| Kashind Financiers Limited | ₹2.04 Cr (FY 2024) | 232.0% | Kolkata, West Bengal, India | |||
| Murad Air Forex Private Limitedthis company | ₹2.04 Cr (FY 2025) | ₹43,438 | 0.2% | -21.0% | Kapurthala, Punjab, India | |
| Xenix Servis Pvt Ltd | ₹2.04 Cr (FY 2025) | 386.0% | Kolkata, West Bengal, India | |||
| 4A Securities Limited | ₹2.03 Cr (FY 2024) | 162.0% | New Delhi, Delhi, India | |||
| Industrial Fiscal Services Limited | ₹2.03 Cr (FY 2025) | -1.0% | Kolkata, West Bengal, India | |||
| R K Finance Ltd | ₹2.03 Cr (FY 2025) | 10.0% | Kolkata, West Bengal, India | |||
| Associated Fincorp & Chits (I) Private Limited | ₹2.03 Cr (FY 2024) | -11.0% | Pune, Maharashtra, India |
To see the full peer comparison of Murad Air Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Murad Air 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 Murad Air Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Murad Air Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AALCM1886A1ZP | Punjab | Active | 27 Dec 2017 |
To see the full GST registrations and return filing status of Murad Air Forex Private Limited, buy the company report.
Recent activity
Murad Air Forex Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Heena Gandhi was appointed as Director on 10 Jul 2017.
Frequently asked questions
Murad Air Forex is an active private limited company based in Kapurthala, Punjab, India. The company works in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 10 July 2017 (9+ years old) and is registered under CIN U67190PB2017PTC046707.
Murad Air Forex has 2 current directors:
- Sandeep Gandhi - Director
- Heena Gandhi - Director
The latest financial statements of Murad Air 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 FY 2018 are in the company report.
The GSTIN of Murad Air Forex is 03AALCM1886A1ZP, registered in Punjab.
The CIN (Corporate Identification Number) of Murad Air Forex is U67190PB2017PTC046707. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Murad Air Forex was incorporated on 10 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Murad Air Forex by revenue are Hampton Investments Private Limited, Bainda Leasing and Finance Private Limited, Ishwarshakti Holdings & Traders Limited, Shri Ayngaran Business Chits Private Limited, Kashind Financiers Limited and 5 more, all in the same principal business activity (other financial activities).
Heena Gandhi was appointed as Director on 10 Jul 2017. Sandeep Gandhi was appointed as Director on 10 Jul 2017.
The registered office of Murad Air Forex is at Shop No.2 Mdsd Sr.Sec School Building Opp. State Bank Of India Mall Road, Kapurthala, Punjab, India – 144601.
Murad Air Forex operates in the financial services industry, in the auxiliary to financial intermediatory segment.
The compliance status of Murad Air Forex is compliant as of 11 August 2026. The company is actively filing with the Registrar of Companies.