MSME (Udyam registered) Ministry of MSME
- Udyam number
- UDYAM-MH-17-0052694
Parshwa Forex Private Limited
Parshwa Forex Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2020
₹81.44 Cr
▲ 115% YoY
Net profit · FY 2020
₹2.61 Lakh
Net margin 0%
EBITDA · FY 2020
₹14.58 Lakh
EBITDA margin 0.2%
Authorised capital
₹30 Lakh
Registered with MCA
Paid-up capital
₹28 Lakh
Issued & subscribed
Open charges
₹1.1 Cr
Secured borrowings
Company age
18 yrs
Est. 2008
Directors on board
2
As per MCA filings
About Parshwa Forex Private Limited
Data last updated:
Parshwa 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 26 August 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74990MH2008PTC186209. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹28 Lakh. It is led by directors Sangeeta Vinod Parekh and Vinod Mohanlal Parekh.
Its last annual general meeting (AGM) was held on 31 December 2020, and its latest financial statements are for the year ended 31 March 2020. The registered office is at 310 D Wing Parmar Co – Op Society Hanuman Rd No.2 Paranjpe Scheme B Vile Parle [East], Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2020, the company reported a revenue of ₹81.44 Cr, a growth of 115% compared to the previous year. For the same year it recorded a net profit of ₹2.61 Lakh (net margin 0%) and EBITDA of ₹14.58 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 145% over three years and 42% over five years.
As per MCA filings, the company has open charges of ₹1.1 Cr on record.
Parshwa Forex Private Limited is registered as an MSME under the Udyam registration framework (Reg. No. UDYAM-MH-17-0052694). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Parshwa Forex Private Limited
CIN U74990MH2008PTC186209
Registration Number 186209
Incorporation Date 26 August 2008
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 31 December 2020
Date of Balance Sheet 31 March 2020
Compliance Status Active Compliant
MSME Classification MSME
Udyam Registration UDYAM-MH-17-0052694
Recognitions & Rankings of Parshwa Forex
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered Address310 D Wing Parmar Co – Op Society Hanuman Rd No.2 Paranjpe Scheme B Vile Parle [East], Mumbai, Maharashtra, India – 400057
- IndustryFinancial Services, Forex Services
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Business Activity of Parshwa Forex Private Limited
The main business activity of Parshwa Forex is trade. In detail, this covers wholesale trading and retail trading. 2 activity segments are registered with the MCA.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| G | Trade | G1 | Wholesale Trading | Locked |
| 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
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Financials of Parshwa Forex Private Limited FY 2020 filings available
Parshwa Forex Private Limited reported revenue of ₹81.44 Cr (up 115% YoY) for FY 2020.
Revenue · FY 2020
₹81.44 Cr ▲ 115%
Net profit · FY 2020
₹2.61 Lakh margin 0%
EBITDA · FY 2020
₹14.58 Lakh margin 0.2%
Compounded Annual Growth Rate (CAGR) of Parshwa Forex Private Limited
Revenue CAGR growth
1 year
▲ 115%
3 years · compounded
▲ 145%
5 years · compounded
▲ 42%
EBITDA CAGR growth
1 year
▼ 3%
3 years · compounded
▲ 89%
5 years · compounded
▲ 51%
Revenue has grown at a compounded annual rate (CAGR) of 42% over five years, including 115% growth in the latest year. EBITDA fell 3% 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 Parshwa Forex Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹81.44 Cr | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹14.58 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.61 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 Parshwa Forex Private Limited
| Metrics | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0% | •••• | •••• | •••• | •••• |
| 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 Parshwa Forex are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Parshwa Forex Private Limited
Parshwa Forex has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Sangeeta Vinod Parekh | Director | 26 Aug 2008 | 18 Years 1 Months | Current |
| Vinod Mohanlal Parekh | Director | 26 Aug 2008 | 18 Years 1 Months | Current |
Peer Comparison of Parshwa Forex Private Limited
Parshwa 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 |
|---|---|---|---|---|---|---|
| Alankit Forex India Limited | ₹88.08 Cr (FY 2025) | •••• | •••• | 81.0% | •••• | New Delhi, Delhi, India |
| Naitik Forex Private Limited | ₹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 this company | ₹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 |
| Refinitiv India Transaction Services Private Limited | ₹80.56 Cr (FY 2025) | •••• | •••• | 21.0% | •••• | Mumbai, Maharashtra, India |
| Eventage Forex and Travels Private Limited | ₹79.76 Cr (FY 2019) | •••• | •••• | 238.0% | •••• | Bongaon, West Bengal, India |
| Angel Forex Private Limited | ₹79.73 Cr (FY 2025) | •••• | •••• | -32.0% | •••• | Ahmedabad, Gujarat, India |
| Bikram Forex and Travels Private Limited | ₹79.6 Cr (FY 2024) | •••• | •••• | 459.0% | •••• | Batala, Punjab, India |
Peers are the five companies nearest above and the five nearest below Parshwa 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 Parshwa Forex Private Limited
Parshwa Forex Private Limited is audited by BIPIN TAILOR & ASSOCIATES for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| BIPIN TAILOR & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Parshwa Forex Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Parshwa Forex Private Limited
Open charges
₹1.1 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 26 Oct 2018 | Others | ₹50 Lakh | Open |
| 21 Jun 2016 | Others | ₹60 Lakh | Open |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Parshwa Forex Private Limited
Employment history and EPFO contributions of people linked to Parshwa Forex.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Parshwa Forex Private Limited
Parshwa Forex Private Limited has 2 board changes on record since 2008: 2 appointments. The latest: Sangeeta Vinod Parekh was appointed as Director on 26 Aug 2008.
AGM
Parshwa Forex Private Limited last Annual general meeting of members was held on 31 Dec 2020 as per latest MCA records.
Filing
Parshwa Forex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2020 with Roc Mumbai I.
Charges
A charge with Others amounted to Rs. 50.00 Lakh with Charge ID 100215303 was registered on 26 Oct 2018.
Charges
A charge with Others amounted to Rs. 60.00 Lakh with Charge ID 100035903 was registered on 21 Jun 2016.
Appointed
Sangeeta Vinod Parekh was appointed as Director.
Appointed
Vinod Mohanlal Parekh was appointed as Director.
Incorporation
26 Aug 2008
Parshwa Forex Private Limited was registered on 26 Aug 2008 with Roc Mumbai I & aged 18 years 1 month as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Parshwa Forex Private Limited
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MSME Payment Delays by Parshwa Forex Private Limited
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Subsidiaries & Group Companies of Parshwa Forex Private Limited
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GST Compliance of Parshwa Forex Private Limited
Parshwa Forex has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
Total GSTINs
1
Cancelled / inactive
1
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MCA Filings & Documents of Parshwa Forex Private Limited
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Frequently Asked Questions about Parshwa Forex Private Limited
Parshwa 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 26 August 2008 (18+ years old) and is registered under CIN U74990MH2008PTC186209.
Parshwa Forex reported revenue of ₹81.44 Cr for FY 2020 (up 115% YoY).
Parshwa Forex has 2 current directors:
- Sangeeta Vinod Parekh - Director
- Vinod Mohanlal Parekh - Director
Parshwa Forex reported a net profit of ₹2.61 Lakh (net margin 0%) and EBITDA of ₹14.58 Lakh (EBITDA margin 0.2%) for FY 2020, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Parshwa Forex is 145% over three years and 42% over five years. In the latest year (FY 2020) revenue rose 115%. CAGR is the steady yearly rate that links the first and the last year.
No. Parshwa Forex has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Parshwa Forex is U74990MH2008PTC186209. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Parshwa Forex was incorporated on 26 August 2008, making it 18+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Parshwa Forex by revenue are Alankit Forex India Limited, Naitik Forex Private Limited, Faizan Forex and Travels Services Private Limited, Shanti Forex Private Limited, Sunland Forex and Travels Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Sangeeta Vinod Parekh was appointed as Director on 26 Aug 2008. Vinod Mohanlal Parekh was appointed as Director on 26 Aug 2008.
Yes, Parshwa Forex is registered as an MSME under Udyam registration (number: UDYAM-MH-17-0052694).