About Muthoot Forex Limited
Data last updated:
Muthoot Forex Limited is a public limited company based in Ernakulam, Kerala, India. It operates in the forex services segment of the financial services sector. It was incorporated on 04 September 2000 and has been in existence for over 26 years.
The company is registered with the Registrar of Companies (ROC), Ernakulam, under CIN U67190KL2000PLC014180. Its GSTIN is 32AADCM3244L1ZL (Kerala). The company holds 18 GST registrations, all of them active.
The company has an authorised share capital of ₹20 Cr and a paid-up capital of ₹11 Cr. It was formerly known as Muthoot Forex Private Limited and Muthoot Exchange Company Private Limited. It is led by directors including Anna Alexander and George Alexander Muthoot.
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 3rd Floor Kurian Towersopp Saritha Theatre Complex Banerji Road, Ernakulam, Kerala, India – 682018.
As per the financials filed for FY 2025, the company reported a revenue of ₹155.59 Cr, a growth of 3% compared to the previous year. For the same year it recorded a net profit of ₹12.19 Cr (net margin 7.8%) and EBITDA of ₹17.08 Cr (EBITDA margin 11%). Revenue has declined at a compounded annual rate (CAGR) of 8% over three years and 10% over five years.
The company has about 114 employees on its provident fund (EPFO) records. Its group structure includes 1 subsidiary.
The company is associated with 1 brand: Muthoot Forex Limited. As per MCA filings, the company has open charges of ₹2.25 Cr and satisfied charges of ₹20.3 Cr on record. Court records list 32 cases involving the company, including 26 filed by the company and 2 filed against it; 7 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website muthootforex.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered Address3rd Floor Kurian Towersopp Saritha Theatre Complex Banerji Road, Ernakulam, Kerala, India – 682018
- 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
Name History of Muthoot Forex Limited
Muthoot Forex has undergone 2 name changes throughout its history. The company was previously known as Muthoot Forex Private Limited, and Muthoot Exchange Company Private Limited. The current legal name is Muthoot Forex Limited.
| Company Name | Status |
|---|---|
| Muthoot Forex Limited | Current |
| Muthoot Forex Private Limited | Previous |
| Muthoot Exchange Company Private Limited | Previous |
CIN History of Muthoot Forex Limited
Muthoot Forex has one previous CIN (Corporate Identification Number): U67190KL2000PTC014180. The current CIN is U67190KL2000PLC014180, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U67190KL2000PLC014180 | Current |
| U67190KL2000PTC014180 | Previous |
Associated Brands with Muthoot Forex Limited
Muthoot Forex operates one associated brand: Muthoot Forex Limited. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Money transfer and currency exchange services provided by Muthoot Forex Limited. | muthootforex.com |
Business Activity of Muthoot Forex Limited
The main business activity of Muthoot Forex is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial 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.
Auditor Details of Muthoot Forex Limited
Muthoot Forex Limited is audited by Rangamani & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Rangamani & 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.
Board of Directors of Muthoot Forex Limited
Muthoot Forex has 6 current directors and 13 former directors. Current directors are listed first, with their designation and appointment date.
Financials of Muthoot Forex Limited FY 2025 filings available
Muthoot Forex Limited reported revenue of ₹155.59 Cr (up 3% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Muthoot Forex Limited
Revenue rose 3% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 10%. EBITDA fell 3% 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 Muthoot Forex 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 | ₹17.08 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹12.19 Cr | •••• | •••• | •••• | •••• |
| 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 Muthoot Forex Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 7.8% | •••• | •••• | •••• | •••• |
| 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 Muthoot 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.
Ownership and Shareholding of Muthoot Forex 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.
Group Structure of Muthoot Forex Limited
Muthoot Forex has 1 subsidiary company. This group structure data is as of FY 2022. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Muthoot Royalex Forex Services Private Limited | U67190KL2016FTC045642 | Locked |
Showing major subsidiaries. Total: 1.
Charges & Borrowings of Muthoot Forex Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 14 May 2025 | Canara Bank | ₹25 Lakh | Open |
| 14 May 2025 | Canara Bank | ₹9,000 | Open |
| 17 Dec 2024 | Others | ₹2 Cr | Open |
| 27 Sep 2018 | Others | ₹9.05 Cr | Satisfied |
| 17 May 2014 | Indusind Bank Limited | ₹10 Cr | Satisfied |
Total charge records: 6 View all charges
Employees and EPFO Compliance at Muthoot Forex Limited
Muthoot Forex Limited has a workforce of 114 employees as of Mar 31, 2024.
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.
GST Compliance of Muthoot Forex Limited
Muthoot Forex has 18 GST registrations: 18 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 32AADCM3244L1ZL | Kerala | Active | 01 Jul 2017 |
| 03AADCM3244L1ZM | Punjab | Active | 01 Jul 2017 |
| 27AADCM3244L1ZC | Maharashtra | Active | 01 Jul 2017 |
| 29AADCM3244L1Z8 | Karnataka | 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.
Legal Cases of Muthoot Forex Limited
Muthoot Forex Limited has 32 court cases on record: 26 filed by Muthoot Forex, 2 filed against it, 4 where it is another party. 7 cases are pending and 25 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 22 | 1 | 2 |
| High courts | 10 | 1 | 5 |
Cases on record (5 of 32)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Kerala | Writ petition | Filed by the company against Union of India | Pending |
| District court, Kottayam, Kerala | Civil suit | Company is another party | Pending |
| Bombay High Court | Writ petition | Company is another party | Pending |
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Private cases SS) | Filed by the company against Kolar Forex Pvt Ltd | Pending |
| High Court of Kerala | Writ petition | Filed by the company against Union of India | Disposed |
Full case history
All 32 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.
Credit Ratings, Litigation & Regulatory Alerts for Muthoot Forex 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 Muthoot Forex 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 Muthoot Forex 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.
MCA Filings & Documents of Muthoot Forex 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.
Recent Activity on Muthoot Forex Limited
Frequently Asked Questions about Muthoot Forex Limited
Muthoot Forex is an active public limited company based in Ernakulam, Kerala, India. The company works in forex services, within the financial services industry. It was incorporated on 04 September 2000 (26+ years old) and is registered under CIN U67190KL2000PLC014180.
Muthoot Forex reported revenue of ₹155.59 Cr for FY 2025 (up 3% YoY).
Muthoot Forex has 6 current directors:
- Anna Alexander - Director
- George Alexander Muthoot - Director
- Kuttickattu Rajappan Bijimon - Director
- Kurian Chirathalattu George - Director
- George Jacob Muthoot - Director
- Kiran Gopalakrishna Pillai - Director
Muthoot Forex reported a net profit of ₹12.19 Cr (net margin 7.8%) and EBITDA of ₹17.08 Cr (EBITDA margin 11%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Muthoot Forex is 8% over three years and -10% over five years. In the latest year (FY 2025) revenue rose 3%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Muthoot Forex is 32AADCM3244L1ZL, registered in Kerala. The company has 18 GST registrations in all, of which 18 are active. Other active GSTINs include 03AADCM3244L1ZM (Punjab), 27AADCM3244L1ZC (Maharashtra), 29AADCM3244L1Z8 (Karnataka).
The CIN (Corporate Identification Number) of Muthoot Forex is U67190KL2000PLC014180. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Muthoot Forex has 32 court cases on record: 26 filed by the company and 2 filed against it. 7 are pending. Most are in the district courts.
Muthoot Forex was incorporated on 04 September 2000, making it 26+ years old. It is registered with the Registrar of Companies, Ernakulam.