Nadex Forex Private Limited
About Nadex Forex Private Limited
Data last updated:
Nadex 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 January 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PTC289282. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹49.9 Lakh and a paid-up capital of ₹49.9 Lakh. It is led by directors Siraj Shaikh and Harshad Gadadhar Harchekar.
Its last annual general meeting (AGM) was held on 30 September 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office is at 2 Floor Grd Plot – 214 C Parvati Mansion Dadasaheb Bhadkamkar Marg Grant Road, Mumbai, Maharashtra, India – 400007.
As per the financials filed for FY 2019, the company reported a revenue of ₹203.97 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹14.8 Lakh (net margin -0.1%) and EBITDA of -₹3.7 Lakh (EBITDA margin 0%).
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address2 Floor Grd Plot – 214 C Parvati Mansion Dadasaheb Bhadkamkar Marg Grant Road, Mumbai, Maharashtra, India – 400007
- 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 Nadex Forex Private Limited
The main business activity of Nadex 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.
Financials of Nadex Forex Private Limited FY 2019 filings available
Nadex Forex Private Limited reported revenue of ₹203.97 Cr (up 687% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of Nadex Forex Private Limited
Revenue rose 687% in the latest year. EBITDA fell 429% in the latest year. All are worked out from the filed statements.
Financial Statement Summary of Nadex Forex Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| 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 | -₹3.7 Lakh | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• |
| Net Profit (PAT) | -₹14.8 Lakh | •••• | •••• |
| 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 Nadex Forex Private Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|
| Profitability | |||
| EBITDA Margin | 0% | •••• | •••• |
| 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 Nadex Forex are in the company report.
Financial statements from FY 2017
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.
Peer Comparison of Nadex Forex Private Limited
Nadex 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 |
|---|---|---|---|---|---|---|
| Trade Wings Limited Listed | ₹255.8 Cr (FY 2025) | •••• | •••• | 3.0% | •••• | Panaji, Goa, India |
| Neoabeer Money Changers Private Limited | ₹248.31 Cr (FY 2025) | •••• | •••• | 76.0% | •••• | Thalassery, Kerala, India |
| Pushpashree Forex & Travels Private Limited | ₹241.49 Cr (FY 2024) | •••• | •••• | 170.0% | •••• | Kolkata, West Bengal, India |
| Ever Shine Forex Tours and Travels Private Limited | ₹239 Cr (FY 2021) | •••• | •••• | 73.0% | •••• | Mumbai, Maharashtra, India |
| Clarity Financial Services Limited | ₹212.36 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Kolkata, West Bengal, India |
| Nadex Forex Private Limited this company | ₹203.97 Cr (FY 2019) | •••• | •••• | 687.0% | •••• | Mumbai, Maharashtra, India |
| Hyderabad Forex Limited | ₹197.16 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Hyderabad, Telangana, India |
| Naftro Forex and Travel Services Private Limited | ₹193.86 Cr (FY 2024) | •••• | •••• | 61.0% | •••• | Kozhikode, Kerala, India |
| Richal Forex Private Limited | ₹190.63 Cr (FY 2024) | •••• | •••• | 331.0% | •••• | Skill Spectrum Himayat Nagar, Telangana, India |
| Worldlooks Travel and Forex Private Limited | ₹187.85 Cr (FY 2024) | •••• | •••• | -9.0% | •••• | Delhi, India |
| STK Unity Umbrella Limited | ₹182.28 Cr (FY 2024) | •••• | •••• | 61.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Nadex 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 Nadex Forex Private Limited
Nadex Forex Private Limited is audited by M N N & ASSOCIATES for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M N N & ASSOCIATES | 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 Nadex Forex Private Limited
Nadex Forex has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Siraj Shaikh | Director | 12 Feb 2018 | 8 Years 8 Months | Current |
| Harshad Gadadhar Harchekar | Director | 28 Feb 2018 | 8 Years 7 Months | Current |
Ownership and Shareholding of Nadex 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 Nadex Forex Private Limited
Nadex Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Nadex Forex Private Limited
Employment history and EPFO contributions of people linked to Nadex 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 Nadex Forex Private Limited
Nadex Forex Private Limited has 6 board changes on record since 2018: 2 appointments and 4 cessations. The latest: Harshad Gadadhar Harchekar ceased to be Additional Director on 30 Sep 2018.
Credit Ratings, Litigation & Regulatory Alerts for Nadex 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 Nadex 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 Nadex 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 Nadex Forex Private Limited
Nadex Forex has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Nadex 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 Nadex Forex Private Limited
Nadex 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 January 2017 (9+ years old) and is registered under CIN U74999MH2017PTC289282.
Nadex Forex reported revenue of ₹203.97 Cr for FY 2019 (up 687% YoY).
Nadex Forex has 2 current directors:
- Siraj Shaikh - Director
- Harshad Gadadhar Harchekar - Director
Nadex Forex reported a net loss of ₹14.8 Lakh (net margin -0.1%) and EBITDA of -₹3.7 Lakh (EBITDA margin 0%) for FY 2019, as per its filed financial statements.
No. Nadex Forex has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Nadex Forex is U74999MH2017PTC289282. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nadex Forex was incorporated on 04 January 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Nadex Forex by revenue are Trade Wings Limited, Neoabeer Money Changers Private Limited, Pushpashree Forex & Travels Private Limited, Ever Shine Forex Tours and Travels Private Limited, Clarity Financial Services Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Harshad Gadadhar Harchekar ceased to be Additional Director on 30 Sep 2018. Siraj Shaikh ceased to be Additional Director on 30 Sep 2018. Fahad Ahmed Ansari ceased to be Director on 28 Feb 2018. Nadex Forex has 6 board changes on record in total.
The registered office of Nadex Forex is at 2 Floor Grd Plot – 214 C Parvati Mansion Dadasaheb Bhadkamkar Marg Grant Road, Mumbai, Maharashtra, India – 400007.
Nadex Forex has an authorised share capital of ₹49.9 Lakh and a paid-up capital of ₹49.9 Lakh.