My Forex Services Private Limited
About My Forex Services Private Limited
Data last updated:
My Forex Services Private Limited was a private limited company based in Chennai, Tamil Nadu, 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 20 December 2000.
The company was registered with the Registrar of Companies (ROC), Chennai, under CIN U67190TN2000PTC046339. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹60 Lakh and a paid-up capital of ₹53 Lakh. It was led by directors Dipikka Gupta and Viivekk Gupta.
Its last annual general meeting (AGM) was held on 11 June 2018, and its latest financial statements are for the year ended 31 March 2018. The registered office was at No:74 Ethirajsalai Fagunmansion3Rdfloor Egmore, Chennai, Tamil Nadu, India – 600008.
As per the financials filed for FY 2018, the company reported a revenue of ₹3.92 Cr, a growth of 66% compared to the previous year. For the same year it recorded a net loss of ₹16,346 (net margin 0%) and EBITDA of ₹1.23 Lakh (EBITDA margin 0.3%). Revenue has grown at a compounded annual rate (CAGR) of 23% over three years.
Court records list 34 cases involving the company, including 9 filed by the company and 25 filed against it; 2 cases are pending.
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- Registered AddressNo:74 Ethirajsalai Fagunmansion3Rdfloor Egmore, Chennai, Tamil Nadu, India – 600008
- 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
The main business activity of My Forex Services 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
Financials of My Forex Services Private Limited
FY 2018 filings availableMy Forex Services Private Limited reported revenue of ₹3.92 Cr (up 66% YoY) for FY 2018.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 23% over three years, including 66% growth in the latest year. EBITDA fell 27% 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 2017-18 | FY 2014-15 to FY 2016-17in 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 | ₹1.23 Lakh | |
| Profit Before Tax | •••• | |
| Tax Expense | •••• | |
| Net Profit (PAT) | -₹16,346 | |
| 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 2017-18 | FY 2014-15 to FY 2016-17in the company report |
|---|---|---|
| Profitability | ||
| EBITDA Margin | 0.3% | |
| Net Profit Margin | 0% | |
| 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 2014-15 to FY 2016-17, 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 My Forex Services are in the company report.
: available in the company report
Board of Directors of My Forex Services Private Limited
My Forex Services has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dipikka Gupta Also directs: Vinayak Holidays India Private Limited | Director | 30 Mar 2012 | 14 Years 6 Months | As last reported |
| Viivekk Gupta | Director | 13 Jul 2011 | 15 Years 3 Months | As last reported |
Peer Comparison
My Forex Services Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Forex Services, 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 |
|---|---|---|---|---|---|---|
| Ideal Forex Company Private Limited | ₹4 Cr (FY 2025) | •••• | •••• | -23.0% | •••• | Aluva, Kerala, India |
| Frontline Forex Private Limited | ₹3.97 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Delhi, India |
| My Forex Services Private Limited this company | ₹3.92 Cr (FY 2018) | •••• | •••• | 66.0% | •••• | Chennai, Tamil Nadu, India |
| Singla Forex Payment Services Private Limited | ₹3.87 Cr (FY 2025) | •••• | •••• | -40.0% | •••• | Sunam, Punjab, India |
| Kundra Forex Private Limited | ₹3.87 Cr (FY 2025) | •••• | •••• | -46.0% | •••• | Punjab, India |
| Tunes Foreign Currency Dealers Private Limited | ₹3.86 Cr (FY 2024) | •••• | •••• | 678.0% | •••• | Ernad, Kerala, India |
| Hamdaan Travels Private Limited | ₹3.79 Cr (FY 2025) | •••• | •••• | -60.0% | •••• | Kolkata, West Bengal, India |
| Netfx Forex Private Limited | ₹3.77 Cr (FY 2025) | •••• | •••• | -52.0% | •••• | Mandya, Karnataka, India |
Peers are the companies nearest to My Forex Services by revenue, above and below it, in the BFSI industry (Forex Services, 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
My Forex Services Private Limited is audited by N. Aalok & Co. for the financial year 2016.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| N. Aalok & Co. | Locked | Locked | Locked |
: available in the company report
Ownership and Shareholding
: available in the company report
Charges & Borrowings
My Forex Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Legal Cases
My Forex Services Private Limited has 34 court cases on record: 9 filed by My Forex Services, 25 filed against it. 2 cases are pending and 32 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 24 | 15 | 2 |
| District courts | 10 | 10 | 0 |
Cases on record (5 of 34)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Chennai, Tamil Nadu | Appeal | Filed against the company by Ms. City Men Forex Travels Pvt. Ltd., | Disposed |
| High Court, TAMIL NADU | Appeal | Filed against the company by an individual | Pending |
| High Court, TAMIL NADU | Appeal | Filed by the company against M/S. City Men Forex & Travels and 2 others | Pending |
| High Court, TAMIL NADU | Court case (CRL RC) | Filed against the company by M/S.City Men Forex& Travels and 1 other | Disposed |
| District court, Chennai, Tamil Nadu | Criminal miscellaneous application | Filed against the company by Ms.City Men Forex and Travels Pvt. Ltd., | 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 My Forex Services.
: available in the company report
Recent Activity
My Forex Services Private Limited has 8 board changes on record since 2009: 2 appointments and 6 cessations. The latest: Arun Kumar Sultania ceased to be Director on 29 Sep 2012.
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
My Forex Services has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
: available in the company report
MCA Filings & Documents
: available in the company report
Frequently Asked Questions
My Forex Services 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.
My Forex Services was a private limited company based in Chennai, Tamil Nadu, India. The company worked in forex services, within the financial services industry. It was incorporated on 20 December 2000 and is registered under CIN U67190TN2000PTC046339. The company has been struck off by the Registrar of Companies and is no longer operational.
My Forex Services had 2 directors:
- Dipikka Gupta - Director
- Viivekk Gupta - Director
The CIN (Corporate Identification Number) of My Forex Services is U67190TN2000PTC046339. 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 My Forex Services is at No:74 Ethirajsalai Fagunmansion3Rdfloor Egmore, Chennai, Tamil Nadu, India – 600008.
My Forex Services was incorporated on 20 December 2000. It is registered with the Registrar of Companies, Chennai.
The latest financial statements of My Forex Services on record with the MCA are for the year ended 31 March 2018. Its last annual general meeting was held on 11 June 2018. Year-wise statements from 2015 are in the company report.
No. My Forex Services has 1 GST registration on record and it is cancelled or inactive.
My Forex Services operated in the financial services industry, in the forex services segment. It worked in this industry before it was struck off.
The peers of My Forex Services by revenue are Ideal Forex Company Private Limited, Frontline Forex Private Limited, Singla Forex Payment Services Private Limited, Kundra Forex Private Limited, Tunes Foreign Currency Dealers Private Limited and 2 more, all in the BFSI industry (Forex Services, Money Exchange Services), with the same principal business activity (other financial activities).
My Forex Services has 34 court cases on record: 9 filed by the company and 25 filed against it. 2 are pending. Most are in the high courts.