Nilkanth Forex Private Limited
About Nilkanth Forex Private Limited
Data last updated:
Nilkanth Forex Private Limited is a private limited company based in Gandhinagar, Gujarat, India. It operates in the forex services segment of the financial services sector. It was incorporated on 31 August 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67100GJ2016PTC093543. Its GSTIN is 24AAFCN3463L1ZA (Gujarat).
The company has an authorised share capital of ₹27 Lakh and a paid-up capital of ₹27 Lakh. It is led by directors Rajvirsinh Vaghela and Hitendrasinh Mangalsinh Vaghela.
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 Shop No.105 1st Floor Meghmalhar Sector – 11, Gandhinagar, Gujarat, India – 382010.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.65 Cr, a growth of 7% compared to the previous year. For the same year it recorded a net profit of ₹10,901 (net margin 0.1%) and EBITDA of ₹15,855 (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 77% over three years and 30% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressShop No.105 1st Floor Meghmalhar Sector – 11, Gandhinagar, Gujarat, India – 382010
- 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 Nilkanth Forex Private Limited
The main business activity of Nilkanth 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 Nilkanth Forex Private Limited FY 2025 filings available
Nilkanth Forex Private Limited reported revenue of ₹1.65 Cr (up 7% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Nilkanth Forex Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 30% over five years, including 7% growth in the latest year. EBITDA fell 41% 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 Nilkanth Forex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹15,855 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10,901 | •••• | •••• | •••• | •••• |
| 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 Nilkanth Forex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 Nilkanth 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 Nilkanth Forex Private Limited
Nilkanth Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Mantri Foods and Forex Private Limited | •••• | •••• | •••• | •••• | - | Ajmer, Rajasthan, India |
| U S. Exchange Consultant Private Limited | •••• | •••• | •••• | •••• | - | Satellite, Ahmedabad 380 015, Gujarat, India |
| Vagmi Forex Private Limited | •••• | •••• | •••• | •••• | - | Kapashera, Delhi, India |
| Milan Moneychanger Private Limited | •••• | •••• | •••• | •••• | - | Kalol, Gujarat, India |
| Bharuch Forex Private Limited | •••• | •••• | •••• | •••• | - | Bharuch, Gujarat, India |
| Nilkanth Forex Private Limited this company | •••• | •••• | •••• | •••• | - | Gandhinagar, Gujarat, India |
| Reeudo Forex Services Private Limited | •••• | •••• | •••• | •••• | - | Galleria Dlf-Iv, Haryana, India |
| Relcon Forex Private Limited | •••• | •••• | •••• | •••• | 15 | Vile Parle East, Maharashtra, India |
| A.P. Forex Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Alpha Forex Private Limited | •••• | •••• | •••• | •••• | - | Chandigarh, India |
| Invitation Forex Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Nilkanth Forex by revenue in the BFSI industry (Money Exchange Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Nilkanth Forex Private Limited
Nilkanth Forex Private Limited is audited by G. C. PATEL & CO. for the financial year 2017.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G. C. PATEL & 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 Nilkanth Forex Private Limited
Nilkanth Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajvirsinh Vaghela | Director | 31 Aug 2016 | 10 Years 1 Months | Current |
| Hitendrasinh Mangalsinh Vaghela | Director | 31 Aug 2016 | 10 Years 1 Months | Current |
Ownership and Shareholding of Nilkanth 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 Nilkanth Forex Private Limited
Nilkanth Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Nilkanth Forex Private Limited
Employment history and EPFO contributions of people linked to Nilkanth 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 Nilkanth Forex Private Limited
Nilkanth Forex Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Hitendrasinh Mangalsinh Vaghela was appointed as Director on 31 Aug 2016.
Credit Ratings, Litigation & Regulatory Alerts for Nilkanth 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 Nilkanth 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 Nilkanth 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 Nilkanth Forex Private Limited
Nilkanth Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCN3463L1ZA | Gujarat | Active | 10 Apr 2019 |
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 Nilkanth 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 Nilkanth Forex Private Limited
Nilkanth Forex is an active private limited company based in Gandhinagar, Gujarat, India. The company works in forex services, within the financial services industry. It was incorporated on 31 August 2016 (10+ years old) and is registered under CIN U67100GJ2016PTC093543.
Nilkanth Forex reported revenue of ₹1.65 Cr for FY 2024 (up 7% YoY).
Nilkanth Forex has 2 current directors:
- Rajvirsinh Vaghela - Director
- Hitendrasinh Mangalsinh Vaghela - Director
Nilkanth Forex reported a net profit of ₹10,901 (net margin 0.1%) and EBITDA of ₹15,855 (EBITDA margin 0.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Nilkanth Forex is 77% over three years and 30% over five years. In the latest year (FY 2024) revenue rose 7%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Nilkanth Forex is 24AAFCN3463L1ZA, registered in Gujarat.
The CIN (Corporate Identification Number) of Nilkanth Forex is U67100GJ2016PTC093543. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nilkanth Forex was incorporated on 31 August 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Nilkanth Forex by revenue are Mantri Foods and Forex Private Limited, U S. Exchange Consultant Private Limited, Vagmi Forex Private Limited, Milan Moneychanger Private Limited, Bharuch Forex Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Hitendrasinh Mangalsinh Vaghela was appointed as Director on 31 Aug 2016. Rajvirsinh Vaghela was appointed as Director on 31 Aug 2016.
The registered office of Nilkanth Forex is at Shop No.105 1st Floor Meghmalhar Sector – 11, Gandhinagar, Gujarat, India – 382010.