MSME (Udyam registered) Ministry of MSME
- Category
- Medium (2024-25)
- Udyam number
- UDYAM-MH-18-0251984
Naitik Forex Private Limited
Naitik Forex Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2023
₹86.07 Cr
▲ 19612% YoY
Net loss · FY 2023
₹9.03 Lakh
Net margin -0.1%
EBITDA · FY 2023
-₹9.03 Lakh
EBITDA margin -0.1%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹28 Lakh
Issued & subscribed
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Naitik Forex Private Limited
Data last updated:
Naitik 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 28 July 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PTC297987. Its GSTIN is 27AAFCN7234H1ZC (Maharashtra).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹28 Lakh. It is led by directors Sameer Razak Khan and Mohammad Adil Qureshi.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2023, the company reported a revenue of ₹86.07 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹9.03 Lakh (net margin -0.1%) and EBITDA of -₹9.03 Lakh (EBITDA margin -0.1%). Revenue has grown at a compounded annual rate (CAGR) of 516% over three years and 355% over five years.
Naitik Forex Private Limited is registered as a medium enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0251984). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Naitik Forex Private Limited
CIN U74999MH2017PTC297987
Registration Number 297987
Incorporation Date 28 July 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2023
Date of Balance Sheet 31 March 2023
Compliance Status Active Compliant
MSME Classification Medium
Udyam Registration UDYAM-MH-18-0251984
Recognitions & Rankings of Naitik Forex
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressShop No.6 Floor Ground 173 Pratap Building, Dadi Seth Agiary Lane Chirabazar Kalbadevi, Mumbai, Maharashtra, India – 400002
- IndustryFinancial Services, Forex Services
Comprehensive company report
Naitik Forex Private Limited - one report that includes everything
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Business Activity of Naitik Forex Private Limited
The main business activity of Naitik Forex is trade. In detail, this covers retail trading.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G2 | Retail Trading | Locked |
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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 Naitik Forex Private Limited FY 2023 filings available
Naitik Forex Private Limited reported revenue of ₹86.07 Cr (up 19612% YoY) for FY 2023.
Revenue · FY 2023
₹86.07 Cr ▲ 19612%
Net loss · FY 2023
₹9.03 Lakh margin -0.1%
EBITDA · FY 2023
-₹9.03 Lakh margin -0.1%
Compounded Annual Growth Rate (CAGR) of Naitik Forex Private Limited
Revenue CAGR growth
3 years · compounded
▲ 516%
5 years · compounded
▲ 355%
EBITDA CAGR growth
3 years · compounded
▼ 121%
5 years · compounded
▼ 44%
Revenue has grown at a compounded annual rate (CAGR) of 355% over five years. 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 Naitik Forex Private Limited
| 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 | -₹9.03 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹9.03 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 Naitik Forex Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -0.1% | •••• | •••• | •••• | •••• |
| 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 Naitik Forex are in the company report.
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Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
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Verified entity values are shown only after access is granted.
Board of Directors of Naitik Forex Private Limited
Naitik Forex has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sameer Razak Khan | Director | 27 Feb 2023 | 3 Years 7 Months | Current |
| Mohammad Adil Qureshi | Director | 01 Mar 2023 | 3 Years 7 Months | Current |
Peer Comparison of Naitik Forex Private Limited
Naitik 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 |
|---|---|---|---|---|---|---|
| WSFX Global Pay Limited Listed | ₹89.12 Cr (FY 2025) | •••• | •••• | 24.0% | •••• | Mumbai, Maharashtra, India |
| D M S Forex Private Limited | ₹88.78 Cr (FY 2024) | •••• | •••• | 23.0% | •••• | Lucknow, Uttar Pradesh, India |
| Crown Forex (India) Private Limited | ₹88.55 Cr (FY 2024) | •••• | •••• | 163.0% | •••• | New Delhi, Delhi, India |
| Easy Mudra Private Limited | ₹88.45 Cr (FY 2024) | •••• | •••• | 588.0% | •••• | New Delhi, Delhi, India |
| Alankit Forex India Limited | ₹88.08 Cr (FY 2025) | •••• | •••• | 81.0% | •••• | New Delhi, Delhi, India |
| Naitik Forex Private Limited this company | ₹86.07 Cr (FY 2023) | •••• | •••• | 19612.0% | •••• | Mumbai, Maharashtra, India |
| Faizan Forex and Travels Services Private Limited | ₹84.46 Cr (FY 2019) | •••• | •••• | •••• | Mumbai, Maharashtra, India | |
| Shanti Forex Private Limited | ₹82.88 Cr (FY 2025) | •••• | •••• | -22.0% | •••• | Hyderabad, Telangana, India |
| Sunland Forex and Travels Private Limited | ₹82.83 Cr (FY 2024) | •••• | •••• | 89.0% | •••• | Kolkata, West Bengal, India |
| Parshwa Forex Private Limited | ₹81.44 Cr (FY 2020) | •••• | •••• | 115.0% | •••• | Mumbai, Maharashtra, India |
| Pluto Forex Private Limited | ₹81.17 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | Kolkata, West Bengal, India |
Peers are the five companies nearest above and the five nearest below Naitik 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.
Ownership and Shareholding of Naitik Forex Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
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- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Naitik Forex Private Limited
Naitik Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Naitik Forex Private Limited
Employment history and EPFO contributions of people linked to Naitik Forex.
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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 Naitik Forex Private Limited
Naitik Forex Private Limited has 6 board changes on record since 2022: 2 appointments and 4 cessations. The latest: Mohammad Adil Qureshi was appointed as Director on 01 Mar 2023.
AGM
Naitik Forex Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.
Filing
Naitik Forex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Mumbai.
Appointed
Mohammad Adil Qureshi was appointed as Director.
Ceased
Naim Mueen Sayyed ceased to be Director.
Ceased
Shashank Janardan Koli ceased to be Director.
Appointed
Sameer Razak Khan was appointed as Director.
Ceased
Dilip Manoharlal Gundecha ceased to be Director.
Ceased
Sanjay Manoharlal Gundecha ceased to be Director.
Incorporation
28 Jul 2017
Naitik Forex Private Limited was registered on 28 Jul 2017 with Roc Mumbai & aged 9 years 2 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Naitik Forex Private Limited
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Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
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MSME Payment Delays by Naitik Forex Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Naitik Forex Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
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GST Compliance of Naitik Forex Private Limited
Naitik Forex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCN7234H1ZC | Maharashtra | Active | 28 Nov 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Naitik Forex Private Limited
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MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
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Frequently Asked Questions about Naitik Forex Private Limited
Naitik 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 28 July 2017 (9+ years old) and is registered under CIN U74999MH2017PTC297987.
Naitik Forex reported revenue of ₹86.07 Cr for FY 2023 (up 19612% YoY).
Naitik Forex has 2 current directors:
- Sameer Razak Khan - Director
- Mohammad Adil Qureshi - Director
Naitik Forex reported a net loss of ₹9.03 Lakh (net margin -0.1%) and EBITDA of -₹9.03 Lakh (EBITDA margin -0.1%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Naitik Forex is 516% over three years and 355% over five years. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Naitik Forex is 27AAFCN7234H1ZC, registered in Maharashtra.
The CIN (Corporate Identification Number) of Naitik Forex is U74999MH2017PTC297987. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Naitik Forex was incorporated on 28 July 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Naitik Forex by revenue are WSFX Global Pay Limited, D M S Forex Private Limited, Crown Forex (India) Private Limited, Easy Mudra Private Limited, Alankit Forex India Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Mohammad Adil Qureshi was appointed as Director on 01 Mar 2023. Naim Mueen Sayyed ceased to be Director on 01 Mar 2023. Shashank Janardan Koli ceased to be Director on 28 Feb 2023. Naitik Forex has 6 board changes on record in total.
Yes, Naitik Forex is registered as a medium enterprise under Udyam registration (number: UDYAM-MH-18-0251984).