MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-TN-02-0008106
Prime Forex Private Limited - financial services in Chennai, Tamil Nadu, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.95 Cr
▲ 36% YoY
Net profit · FY 2024
₹15.76 Lakh
Net margin 8.1%
EBITDA · FY 2024
₹32.91 Lakh
EBITDA margin 16.9%
Authorised capital
₹3 Cr
Registered with MCA
Paid-up capital
₹1.8 Cr
Issued & subscribed
Open charges
₹70.7 Lakh
Secured borrowings
Company age
20 yrs
Est. 2006
Employees · EPFO
29
Provident fund records
About Prime Forex Private Limited
Data last updated:
Prime Forex Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the forex services segment of the financial services sector. It was incorporated on 22 August 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U65921TN2006PTC060958. Its GSTIN is 33AADCP9688H1ZX (Tamil Nadu).
The company has an authorised share capital of ₹3 Cr and a paid-up capital of ₹1.8 Cr. It is led by directors including Loganathan Kandasamy Arun (Managing Director) and Ramaiah Alagappan.
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 Chennai, Tamil Nadu.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.95 Cr, a growth of 36% compared to the previous year. For the same year it recorded a net profit of ₹15.76 Lakh (net margin 8.1%) and EBITDA of ₹32.91 Lakh (EBITDA margin 16.9%). Revenue has grown at a compounded annual rate (CAGR) of 60% over three years and 15% over five years.
The company has about 29 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Prime Forex. As per MCA filings, the company has open charges of ₹70.7 Lakh on record.
Prime Forex Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-TN-02-0008106). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website primeforex.in.
Company details
CIN U65921TN2006PTC060958
Registration Number 060958
Incorporation Date 22 August 2006
ROC Chennai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-TN-02-0008106
Key People
Loganathan Kandasamy Arun Managing Director Ramaiah Alagappan Director Geetha Arun Director Recognitions & Rankings of Prime Forex
Contact details
Prime Forex Private Limited's registered office is in Chennai, Tamil Nadu. Its website is primeforex.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressShop No.1 Ground Floor Challa Mall No.11 & 11A Sir Thyagaraya Road T. Nag, Ar, Chennai, Tamil Nadu, India – 600017
- IndustryFinancial Services, Forex Services
To see the full contact details of Prime Forex Private Limited, buy the company report.
Comprehensive company report
Prime Forex Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Prime Forex operates one associated brand: Prime Forex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Foreign exchange and remittance services in Chennai. | primeforex.in |
Business activity
The main business activity of Prime Forex 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 Prime Forex Private Limited, buy the company report.
Financials of Prime Forex Private Limited
FY 2025 filings availablePrime Forex Private Limited reported revenue of ₹1.95 Cr (up 36% YoY) for FY 2024.
Revenue · FY 2024
₹1.95 Cr ▲ 36%
Net profit · FY 2024
₹15.76 Lakh margin 8.1%
EBITDA · FY 2024
₹32.91 Lakh margin 16.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 36%
3 years · compounded
▲ 60%
5 years · compounded
▲ 15%
EBITDA CAGR growth
1 year
▲ 94%
3 years · compounded
▲ 90%
5 years · compounded
▲ 18%
Revenue has grown at a compounded annual rate (CAGR) of 15% over five years, including 36% growth in the latest year. EBITDA rose 94% 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 | ₹1.95 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹32.91 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹15.76 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 | 16.9% | ||||
| Net Profit Margin | 8.1% | ||||
| 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 | |||||
To see the full financial statements and ratios of Prime Forex Private Limited, buy the company report.
Board of directors of Prime Forex Private Limited
Prime Forex has 3 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ramaiah Alagappan Also directs: Cremeglacee Ice Creams LLP, Tasty Living Foods Private Limited, Exquisito Contractors Private Limited and 2 more | Director | 27 Nov 2014 | 11 Years 10 Months | Current |
| Loganathan Kandasamy Arun | Managing Director | 22 Aug 2006 | 20 Years 2 Months | Current |
| Geetha Arun | Director | 30 Mar 2012 | 14 Years 6 Months | Current |
Peer comparison
Prime Forex Private Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| Exubiz Forex Private Limited | ₹2.01 Cr (FY 2025) | -99.0% | New Delhi, Delhi, India | |||
| Aahan Forex Private Limited | ₹1.99 Cr (FY 2024) | 19.0% | Mumbai, Maharashtra, India | |||
| Kirat Forex Private Limited | ₹1.98 Cr (FY 2025) | 57.0% | Baruipara, West Bengal, India | |||
| Asm Forex Private Limited | ₹1.97 Cr (FY 2025) | -91.0% | Chandigarh, India | |||
| Prime Forex Private Limitedthis company | ₹1.95 Cr (FY 2024) | ₹15.76 Lakh | 8.1% | 36.0% | 29 | Chennai, Tamil Nadu, India |
| Sainath Forex Services Private Limited | ₹1.95 Cr (FY 2021) | -68.0% | Gandhinagar, Gujarat, India | |||
| Total Best Forex Private Limited | ₹1.91 Cr (FY 2024) | 4465.0% | Thiruvananthapuram, Kerala, India |
To see the full peer comparison of Prime Forex Private Limited, buy the company report.
Auditor
Prime Forex Private Limited is audited by P.T.PONNAIAH & CO for the financial year 2024.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| P.T.PONNAIAH & CO | FY 2024 | 002669S |
Shareholding
The shareholding of Prime Forex Private Limited is on record for 5 financial years, the latest being FY 2024, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2024 | FY 2023 | FY 2022 | FY 2021 | FY 2020 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Prime Forex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹70.7 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 05 May 2014 | 10506062 | Yes Bank Limited | ₹70.7 Lakh | Open |
To see the full charge records of Prime Forex Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Prime Forex 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 Prime Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Prime Forex Private Limited has a workforce of 29 employees on its EPFO records as of Dec 16, 2025, across 1 active EPFO establishment.
Employee count
29
Active EPFO establishments
1
Employee growth
7.41%
GST
Prime Forex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AADCP9688H1ZX | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Prime Forex Private Limited, buy the company report.
Recent activity
Prime Forex Private Limited has 5 board changes on record since 2006: 3 appointments and 2 cessations. The latest: Somasundaram Mohan ceased to be Director on 04 May 2022.
AGM
Prime Forex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Prime Forex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chennai.
Ceased
Somasundaram Mohan ceased to be Director.
Charges
A charge with Yes Bank Limited of Rs. 0.71 Cr registered on 05 May 2014 with Charge ID 10506062 was modified on 31 Mar 2022.
Appointed
Ramaiah Alagappan was appointed as Director.
Charges
A charge with Yes Bank Limited amounted to Rs. 0.71 Cr with Charge ID 10506062 was registered on 05 May 2014.
Ceased
Kannan Varada Pillai ceased to be Director.
Appointed
Geetha Arun was appointed as Director.
Appointed
Loganathan Kandasamy Arun was appointed as Managing Director.
Incorporation
22 Aug 2006
Prime Forex Private Limited was registered on 22 Aug 2006 with Roc Chennai & aged 20 years 2 months as per MCA records.
Frequently asked questions
Prime Forex is an active private limited company based in Chennai, Tamil Nadu, India. The company works in forex services, within the financial services industry. It was incorporated on 22 August 2006 (20+ years old) and is registered under CIN U65921TN2006PTC060958.
Prime Forex has 3 current directors:
- Loganathan Kandasamy Arun - Managing Director
- Ramaiah Alagappan - Director
- Geetha Arun - Director
The latest financial statements of Prime 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 Prime Forex is 33AADCP9688H1ZX, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Prime Forex is U65921TN2006PTC060958. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Prime Forex was incorporated on 22 August 2006, making it 20+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Prime Forex by revenue are Exubiz Forex Private Limited, Aahan Forex Private Limited, Kirat Forex Private Limited, Asm Forex Private Limited, Sainath Forex Services Private Limited and 1 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Somasundaram Mohan ceased to be Director on 04 May 2022. Ramaiah Alagappan was appointed as Director on 27 Nov 2014. Kannan Varada Pillai ceased to be Director on 16 Apr 2012. Prime Forex has 5 board changes on record in total.
Yes, Prime Forex is registered as a small enterprise under Udyam registration (number: UDYAM-TN-02-0008106).
Prime Forex can be reached through the website primeforex.in. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Prime Forex is at Shop No.1 Ground Floor Challa Mall No.11 & 11A Sir Thyagaraya Road T. Nag, Ar, Chennai, Tamil Nadu, India – 600017.