Nirankar Forex Private Limited
About Nirankar Forex Private Limited
Data last updated:
Nirankar Forex Private Limited is a private limited company based in Ajmer, Rajasthan, India. It operates in the forex services segment of the financial services sector. It was incorporated on 09 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Jaipur, under CIN U65999RJ2019PTC066552.
The company has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹26 Lakh. It is led by directors Bharat Kumar Kheldasani and Sanjay Kheldasani.
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 – 18 New Majestic Tower Kawandaspura Padav, Ajmer, Rajasthan, India – 305001.
As per the financials filed for FY 2024, the company reported a revenue of ₹9.53 Lakh, a growth of 37% compared to the previous year. For the same year it recorded a net profit of ₹44,614 (net margin 4.7%) and EBITDA of ₹2.58 Lakh (EBITDA margin 27.1%). Revenue has declined at a compounded annual rate (CAGR) of 75% over three years.
As per MCA filings, the company has open charges of ₹23 Lakh on record.
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- Registered AddressShop No – 18 New Majestic Tower Kawandaspura Padav, Ajmer, Rajasthan, India – 305001
- 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 Nirankar Forex Private Limited
The main business activity of Nirankar 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 Nirankar Forex Private Limited FY 2025 filings available
Nirankar Forex Private Limited reported revenue of ₹9.53 Lakh (up 37% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Nirankar Forex Private Limited
Revenue rose 37% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 75%. EBITDA rose 403% 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 Nirankar 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 | ₹2.58 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹44,614 | •••• | •••• | •••• | •••• |
| 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 Nirankar Forex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 27.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 4.7% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Nirankar Forex are in the company report.
Financial statements from FY 2020
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 Nirankar Forex Private Limited
Nirankar 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 |
|---|---|---|---|---|---|---|
| Sreelall Foreign Money Changers Private Limited | ₹10.15 Lakh (FY 2025) | •••• | •••• | 12.0% | •••• | Kolkata, West Bengal, India |
| 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 |
| Prabhat Stores Money Changers Private Limited | ₹9.83 Lakh (FY 2025) | •••• | •••• | 50.0% | •••• | Andhra Pradesh, India |
| Nirankar Forex Private Limited this company | ₹9.53 Lakh (FY 2024) | •••• | •••• | 37.0% | •••• | Ajmer, Rajasthan, India |
| Nagvekar Forex Private Limited | ₹9.53 Lakh (FY 2023) | •••• | •••• | 41.0% | •••• | Mapusa Bardez, Goa, India |
| Capital Forex Services Private Limited | ₹9.34 Lakh (FY 2025) | •••• | •••• | -88.0% | •••• | Gandhinagar, Gujarat, India |
| Triunfador Private Limited | ₹9.19 Lakh (FY 2024) | •••• | •••• | •••• | Visakhapatnam, Andhra Pradesh, India | |
| Blossom Forex Private Limited | ₹9.12 Lakh (FY 2025) | •••• | •••• | -69.0% | •••• | Chennai, Tamil Nadu, India |
| All India Association of Authorized Money Changers and Money Transfer Agents | ₹9.1 Lakh (FY 2024) | •••• | •••• | 99.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Nirankar 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 Nirankar Forex Private Limited
Nirankar Forex Private Limited is audited by BHAVNA VIDHANI & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BHAVNA VIDHANI & 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 Nirankar Forex Private Limited
Nirankar Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bharat Kumar Kheldasani | Director | 09 Oct 2019 | 7 Years 0 Months | Current |
| Sanjay Kheldasani | Director | 09 Oct 2019 | 7 Years 0 Months | Current |
Ownership and Shareholding of Nirankar 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 Nirankar Forex Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Aug 2022 | Others | ₹23 Lakh | Open |
Total charge records: 1 View all charges
Employees and EPFO Compliance at Nirankar Forex Private Limited
Employment history and EPFO contributions of people linked to Nirankar 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 Nirankar Forex Private Limited
Nirankar Forex Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Bharat Kumar Kheldasani was appointed as Director on 09 Oct 2019.
Credit Ratings, Litigation & Regulatory Alerts for Nirankar 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 Nirankar 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 Nirankar 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 Nirankar Forex Private Limited
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 Nirankar 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 Nirankar Forex Private Limited
Nirankar Forex is an active private limited company based in Ajmer, Rajasthan, India. The company works in forex services, within the financial services industry. It was incorporated on 09 October 2019 (7+ years old) and is registered under CIN U65999RJ2019PTC066552.
Nirankar Forex reported revenue of ₹9.53 Lakh for FY 2024 (up 37% YoY).
Nirankar Forex has 2 current directors:
- Bharat Kumar Kheldasani - Director
- Sanjay Kheldasani - Director
Nirankar Forex reported a net profit of ₹44,614 (net margin 4.7%) and EBITDA of ₹2.58 Lakh (EBITDA margin 27.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Nirankar Forex is -75% over three years. In the latest year (FY 2024) revenue rose 37%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Nirankar Forex is U65999RJ2019PTC066552. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Nirankar Forex was incorporated on 09 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Jaipur.
The peers of Nirankar Forex by revenue are Sreelall Foreign Money Changers Private Limited, Karkesh Forex Services Private Limited, Dheva Forex Private Limited, Hepriko Forex Private Limited, Prabhat Stores Money Changers Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Bharat Kumar Kheldasani was appointed as Director on 09 Oct 2019. Sanjay Kheldasani was appointed as Director on 09 Oct 2019.
The registered office of Nirankar Forex is at Shop No – 18 New Majestic Tower Kawandaspura Padav, Ajmer, Rajasthan, India – 305001.
Nirankar Forex has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹26 Lakh.