_PRIVATE_LIMITED_376367.webp)
About Padmavati Forex (India) Private Limited
Data last updated:
Padmavati Forex (India) 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 30 July 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2013PTC246403. Its GSTIN is 27AAHCP3052B1ZS (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Mudit Nirmalkumar Jain and Nirmalkumar Bhanwarlal Jain.
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.5 Plot No.21B Sect Or 11 Nerul, Mumbai, Maharashtra, India – 400706.
As per the financials filed for FY 2024, the company reported a revenue of ₹19.26 Cr, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹4.73 Lakh (net margin 0.2%) and EBITDA of ₹6.55 Lakh (EBITDA margin 0.3%). Revenue has grown at a compounded annual rate (CAGR) of 136% over three years and 25% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website padmavatiforex.com.
Company details
Contact details
Padmavati Forex (India) Private Limited's registered office is in Mumbai, Maharashtra. Its website is padmavatiforex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressShop No.5 Plot No.21B Sect Or 11 Nerul, Mumbai, Maharashtra, India – 400706
- IndustryFinancial Services, Forex Services
To see the full contact details of Padmavati Forex (India) 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 Padmavati Forex (India) 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 Padmavati Forex (India) Private Limited, buy the company report.
Financials of Padmavati Forex (India) Private Limited
FY 2025 filings availablePadmavati Forex (India) Private Limited reported revenue of ₹19.26 Cr (up 38% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 25% over five years, including 38% growth in the latest year. EBITDA rose 105% 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 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 | ₹6.55 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹4.73 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 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.3% | ||||
| Net Profit Margin | 0.2% | ||||
| 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 Padmavati Forex (India) Private Limited, buy the company report.
Board of directors of Padmavati Forex (India) Private Limited
Padmavati Forex (India) has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mudit Nirmalkumar Jain | Director | 30 Jul 2013 | 13 Years 3 Months | Current |
| Nirmalkumar Bhanwarlal Jain | Director | 30 Jul 2013 | 13 Years 3 Months | Current |
Peer comparison
Padmavati Forex (India) Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Supriyo Forex & Travels Private Limited | ₹19.52 Cr (FY 2025) | -39.0% | Kolkata, West Bengal, India | |||
| Spartan Tours and Travel Private Limited | ₹19.27 Cr (FY 2025) | -13.0% | Kolkata, West Bengal, India | |||
| Padmavati Forex (India) Private Limitedthis company | ₹19.26 Cr (FY 2024) | ₹4.73 Lakh | 0.2% | 38.0% | Mumbai, Maharashtra, India | |
| Mankari Forex Private Limited | ₹19.25 Cr (FY 2025) | 5.0% | New Delhi, Delhi, India | |||
| Rifa Forex and Travels Private Limited | ₹19.25 Cr (FY 2024) | 62.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Padmavati Forex (India) Private Limited, buy the company report.
Auditor
Padmavati Forex (India) Private Limited is audited by M N N & ASSOCIATES for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M N N & ASSOCIATES | FY 2021 | 141125W |
Shareholding
The shareholding of Padmavati Forex (India) Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Padmavati Forex (India) Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Padmavati Forex (India) 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 Padmavati Forex (India) Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Padmavati Forex (India) has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCP3052B1ZS | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Padmavati Forex (India) Private Limited, buy the company report.
Recent activity
Padmavati Forex (India) Private Limited has 2 board changes on record since 2013: 2 appointments. The latest: Mudit Nirmalkumar Jain was appointed as Director on 30 Jul 2013.
Frequently asked questions
Padmavati Forex (India) 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 30 July 2013 (13+ years old) and is registered under CIN U67190MH2013PTC246403.
Padmavati Forex (India) has 2 current directors:
- Mudit Nirmalkumar Jain - Director
- Nirmalkumar Bhanwarlal Jain - Director
The latest financial statements of Padmavati Forex (India) on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Padmavati Forex (India) is 27AAHCP3052B1ZS, registered in Maharashtra.
The CIN (Corporate Identification Number) of Padmavati Forex (India) is U67190MH2013PTC246403. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Padmavati Forex (India) was incorporated on 30 July 2013, making it 13+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Padmavati Forex (India) by revenue are Supriyo Forex & Travels Private Limited, Spartan Tours and Travel Private Limited, Mankari Forex Private Limited, Rifa Forex and Travels Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Mudit Nirmalkumar Jain was appointed as Director on 30 Jul 2013. Nirmalkumar Bhanwarlal Jain was appointed as Director on 30 Jul 2013.
Padmavati Forex (India) can be reached through the website padmavatiforex.com. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Padmavati Forex (India) is at Shop No.5 Plot No.21B Sect Or 11 Nerul, Mumbai, Maharashtra, India – 400706.
Padmavati Forex (India) operates in the financial services industry, in the forex services segment.
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.
