Nagvekar Forex Private Limited
About Nagvekar Forex Private Limited
Data last updated:
Nagvekar Forex Private Limited is a private limited company based in Bardez, Goa, India. It operates in the forex services segment of the financial services sector. It was incorporated on 08 March 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Goa, under CIN U67190GA2010PTC006319. Its GSTIN is 30AADCN2690P2Z7 (Goa). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Gautam Sripad Nagvekar and Gajanan Purushottam Nagvekar.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at Stall No 195 Municipal Market, Bardez, Goa, India – 403507.
As per the financials filed for FY 2023, the company reported a revenue of ₹9.53 Lakh, a growth of 41% compared to the previous year. For the same year it recorded a net profit of ₹3.21 Lakh (net margin 33.7%) and EBITDA of ₹3.21 Lakh (EBITDA margin 33.7%). Revenue has declined at a compounded annual rate (CAGR) of 62% over three years and 42% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Nagvekar Forex Private Limited's registered office is in Bardez, Goa. Its e-mail address is in the company report.
- Email
- Registered AddressStall No 195 Municipal Market, Bardez, Goa, India – 403507
- IndustryFinancial Services, Forex Services
To see the full contact details of Nagvekar 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 Nagvekar 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 Nagvekar Forex Private Limited, buy the company report.
Financials of Nagvekar Forex Private Limited
FY 2023 filings availableNagvekar Forex Private Limited reported revenue of ₹9.53 Lakh (up 41% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 41% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 42%. EBITDA rose 198% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| 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 | ₹3.21 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹3.21 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 33.7% | ||||
| Net Profit Margin | 33.7% | ||||
| 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 | |||||
To see the full financial statements and ratios of Nagvekar Forex Private Limited, buy the company report.
Board of directors of Nagvekar Forex Private Limited
Nagvekar Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gautam Sripad Nagvekar | Director | 08 Mar 2010 | 16 Years 7 Months | Current |
| Gajanan Purushottam Nagvekar | Director | 08 Mar 2010 | 16 Years 7 Months | Current |
Peer comparison
Nagvekar Forex Private Limited is compared with the 6 companies closest to it by revenue in the BFSI industry (Money Exchange Services), with 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 |
|---|---|---|---|---|---|---|
| Karkesh Forex Services Private Limited | ₹10.08 Lakh (FY 2023) | -30.0% | Thiruvarur, Tamil Nadu, India | |||
| Dheva Forex Private Limited | ₹10.07 Lakh (FY 2023) | 149.0% | Chennai, Tamil Nadu, India | |||
| Hepriko Forex Private Limited | ₹10.02 Lakh (FY 2025) | -38.0% | Ahmedabad, Gujarat, India | |||
| Nirankar Forex Private Limited | ₹9.53 Lakh (FY 2024) | 37.0% | Ajmer, Rajasthan, India | |||
| Nagvekar Forex Private Limitedthis company | ₹9.53 Lakh (FY 2023) | ₹3.21 Lakh | 33.7% | 41.0% | Bardez, Goa, India | |
| Capital Forex Services Private Limited | ₹9.34 Lakh (FY 2025) | -88.0% | Gandhinagar, Gujarat, India | |||
| Blossom Forex Private Limited | ₹9.12 Lakh (FY 2025) | -69.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Nagvekar Forex Private Limited, buy the company report.
Auditor
Nagvekar Forex Private Limited is audited by R K PIKALE & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| R K PIKALE & CO | FY 2019 | 107919W |
Shareholding
The shareholding of Nagvekar Forex Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Nagvekar Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Nagvekar 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 Nagvekar Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Nagvekar Forex has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 30AADCN2690P2Z7 | Goa | Active | 09 Sep 2017 |
To see the full GST registrations and return filing status of Nagvekar Forex Private Limited, buy the company report.
Recent activity
Nagvekar Forex Private Limited has 2 board changes on record since 2010: 2 appointments. The latest: Gajanan Purushottam Nagvekar was appointed as Director on 08 Mar 2010.
Frequently asked questions
Nagvekar Forex is an active private limited company based in Bardez, Goa, India. The company works in forex services, within the financial services industry. It was incorporated on 08 March 2010 (16+ years old) and is registered under CIN U67190GA2010PTC006319.
Nagvekar Forex has 2 current directors:
- Gautam Sripad Nagvekar - Director
- Gajanan Purushottam Nagvekar - Director
The latest financial statements of Nagvekar Forex on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Nagvekar Forex is 30AADCN2690P2Z7, registered in Goa. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Nagvekar Forex is U67190GA2010PTC006319. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nagvekar Forex was incorporated on 08 March 2010, making it 16+ years old. It is registered with the Registrar of Companies, Goa.
The peers of Nagvekar Forex by revenue are Karkesh Forex Services Private Limited, Dheva Forex Private Limited, Hepriko Forex Private Limited, Nirankar Forex Private Limited, Capital Forex Services Private Limited and 1 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Gajanan Purushottam Nagvekar was appointed as Director on 08 Mar 2010. Gautam Sripad Nagvekar was appointed as Director on 08 Mar 2010.
The registered office of Nagvekar Forex is at Stall No 195 Municipal Market, Bardez, Goa, India – 403507.
Nagvekar Forex operates in the financial services industry, in the forex services segment.
The compliance status of Nagvekar Forex is compliant as of 31 July 2026. The company is actively filing with the Registrar of Companies.
Sample company reports
The same report you get when you buy one: financials, directors, ownership, deals, charges, legal cases, brands and filings, with the Excel workbook alongside.
