Palak Forex Private Limited
About Palak Forex Private Limited
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Palak 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 20 May 2004 and has been in existence for over 22 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2004PTC146425. Its GSTIN is 27AADCP2826K1Z9 (Maharashtra).
The company has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹25 Lakh. It is led by directors Mahesh Rajmal Parekh and Amit Valchand 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 201 2nd Floor Pratik Avenuenehru Road Vile Parle (E), Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2025, the company reported a revenue of ₹119.48 Cr, a decline of 29% compared to the previous year. For the same year it recorded a net profit of ₹19.94 Lakh (net margin 0.2%) and EBITDA of ₹40.12 Lakh (EBITDA margin 0.3%). Revenue has declined at a compounded annual rate (CAGR) of 4% over three years and 25% over five years.
Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Palak Forex Private Limited's registered office is in Mumbai, Maharashtra. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address201 2nd Floor Pratik Avenuenehru Road Vile Parle (E), Mumbai, Maharashtra, India – 400057
- IndustryFinancial Services, Forex Services
To see the full contact details of Palak 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 Palak Forex is wholesale and retail trade; repair of motor vehicles and motorcycles. In detail, this covers wholesale trade, except of motor vehicles and motorcycles and retail trade, except of motor vehicles and motorcycles. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 46 | Wholesale trade, except of motor vehicles and motorcycles | |
| G | Wholesale and retail trade; repair of motor vehicles and motorcycles | 47 | Retail trade, except of motor vehicles and motorcycles |
To see the full business activity and turnover split of Palak Forex Private Limited, buy the company report.
Financials of Palak Forex Private Limited
FY 2025 filings availablePalak Forex Private Limited reported revenue of ₹119.48 Cr (down 29% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 29% fall in the latest year. EBITDA fell 56% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹40.12 Lakh | ||||
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| Net Profit (PAT) | ₹19.94 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.3% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Palak Forex Private Limited, buy the company report.
Board of directors of Palak Forex Private Limited
Palak Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mahesh Rajmal Parekh Also directs: Parekh Ornaments LLP | Director | 20 May 2004 | 22 Years 5 Months | Current |
| Amit Valchand Jain | Director | 20 May 2004 | 22 Years 5 Months | Current |
Auditor
Palak Forex Private Limited is audited by Devendra Kothari and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Devendra Kothari and Associates | FY 2023 | 102421W |
Shareholding
The shareholding of Palak Forex Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Palak Forex Private Limited, buy the company report.
Legal cases
Palak Forex Private Limited has 1 court case on record: 1 filed by Palak Forex. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Mumbai CMM Courts, Maharashtra | Court case (Summons Cases SS) | Filed by the company against an individual | Disposed |
To see the full case history of Palak Forex Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Palak Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Palak Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AADCP2826K1Z9 | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Palak Forex Private Limited, buy the company report.
Recent activity
Palak Forex Private Limited has 2 board changes on record since 2004: 2 appointments. The latest: Amit Valchand Jain was appointed as Director on 20 May 2004.
Frequently asked questions
Palak 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 20 May 2004 (22+ years old) and is registered under CIN U74999MH2004PTC146425.
Palak Forex has 2 current directors:
- Mahesh Rajmal Parekh - Director
- Amit Valchand Jain - Director
The latest financial statements of Palak Forex 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 Palak Forex is 27AADCP2826K1Z9, registered in Maharashtra.
The CIN (Corporate Identification Number) of Palak Forex is U74999MH2004PTC146425. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Palak Forex has 1 court case on record: 1 filed by the company.
Palak Forex was incorporated on 20 May 2004, making it 22+ years old. It is registered with the Registrar of Companies, Mumbai.
Amit Valchand Jain was appointed as Director on 20 May 2004. Mahesh Rajmal Parekh was appointed as Director on 20 May 2004.
The registered office of Palak Forex is at 201 2nd Floor Pratik Avenuenehru Road Vile Parle E, Mumbai, Maharashtra, India – 400057.
Palak Forex operates in the financial services industry, in the forex services segment.
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