Ratnamani Forex Private Limited
About Ratnamani Forex Private Limited
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Ratnamani 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 07 October 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67110MH2019PTC331378. Its GSTIN is 27AAJCR8476R1Z5 (Maharashtra).
The company has an authorised share capital of ₹15 Lakh and a paid-up capital of ₹14 Lakh. It is led by directors Jignesh Devraj Solanki and Koshish Devraj Solanki.
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 Office No.6 Tirupati Apts 67 Nehru Road Vile Parle East, Mumbai, Maharashtra, India – 400057.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.94 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹62,480 (net margin 0.1%) and EBITDA of ₹1.03 Lakh (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 404% over three years.
As per MCA filings, the company has open charges of ₹30 Lakh on record.
Company details
Contact details
Ratnamani 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 AddressOffice No.6 Tirupati Apts 67 Nehru Road Vile Parle East, Mumbai, Maharashtra, India – 400057
- IndustryFinancial Services, Forex Services
To see the full contact details of Ratnamani 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 Ratnamani 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 Ratnamani Forex Private Limited, buy the company report.
Financials of Ratnamani Forex Private Limited
FY 2025 filings availableRatnamani Forex Private Limited reported revenue of ₹11.94 Cr (up 311% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 404% over three years, including 311% growth in the latest year. EBITDA rose 801% 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 |
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| EBITDA | ₹1.03 Lakh | ||||
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| Net Profit (PAT) | ₹62,480 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 0.1% | ||||
| Net Profit Margin | 0.1% | ||||
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To see the full financial statements and ratios of Ratnamani Forex Private Limited, buy the company report.
Board of directors of Ratnamani Forex Private Limited
Ratnamani Forex has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jignesh Devraj Solanki | Director | 20 Aug 2022 | 4 Years 2 Months | Current |
| Koshish Devraj Solanki | Director | 20 Aug 2022 | 4 Years 2 Months | Current |
Peer comparison
Ratnamani Forex Private Limited is compared with the 5 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 |
|---|---|---|---|---|---|---|
| Chambal Forex Private Limited | ₹12.08 Cr (FY 2025) | -12.0% | Madurai, Tamil Nadu, India | |||
| Pankhuri Enterprises Private Limited | ₹12.03 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India | |||
| Wadhawan Forex Private Limited | ₹12.02 Cr (FY 2025) | 225.0% | Punjab, India | |||
| Ratnamani Forex Private Limitedthis company | ₹11.94 Cr (FY 2024) | ₹62,480 | 0.1% | 311.0% | Mumbai, Maharashtra, India | |
| Beri Forex Consultants Private Limited | ₹11.89 Cr (FY 2025) | -33.0% | Pathankot, Punjab, India | |||
| Sunbirds Forex Private Limited | ₹11.88 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India |
To see the full peer comparison of Ratnamani Forex Private Limited, buy the company report.
Auditor
Ratnamani Forex Private Limited is audited by M N N & ASSOCIATES for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M N N & ASSOCIATES | FY 2020 | 141125W |
Shareholding
The shareholding of Ratnamani Forex Private Limited is on record for FY 2020, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2020 |
|---|---|
| Promoters | |
| Domestic institutional investors (DII) | |
| Public | |
| Others |
To see the full shareholding pattern of Ratnamani Forex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 24 Jan 2025 | 101060006 | Others | ₹30 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Ratnamani 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 Ratnamani Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Ratnamani Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCR8476R1Z5 | Maharashtra | Active | 22 Jan 2020 |
To see the full GST registrations and return filing status of Ratnamani Forex Private Limited, buy the company report.
Recent activity
Ratnamani Forex Private Limited has 6 board changes on record since 2022: 2 appointments and 4 cessations. The latest: Dikshith Dineshkumar Jain ceased to be Director on 31 Mar 2024.
Frequently asked questions
Ratnamani 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 07 October 2019 (7+ years old) and is registered under CIN U67110MH2019PTC331378.
Ratnamani Forex has 2 current directors:
- Jignesh Devraj Solanki - Director
- Koshish Devraj Solanki - Director
The latest financial statements of Ratnamani 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 FY 2020 are in the company report.
The GSTIN of Ratnamani Forex is 27AAJCR8476R1Z5, registered in Maharashtra.
The CIN (Corporate Identification Number) of Ratnamani Forex is U67110MH2019PTC331378. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Ratnamani Forex was incorporated on 07 October 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Ratnamani Forex by revenue are Chambal Forex Private Limited, Pankhuri Enterprises Private Limited, Wadhawan Forex Private Limited, Beri Forex Consultants Private Limited, Sunbirds Forex Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Dikshith Dineshkumar Jain ceased to be Director on 31 Mar 2024. Jayesh Dineshkumar Jain ceased to be Director on 31 Mar 2024. Jignesh Devraj Solanki ceased to be Additional Director on 30 Sep 2022. Ratnamani Forex has 6 board changes on record in total.
The registered office of Ratnamani Forex is at Office No.6 Tirupati Apts 67 Nehru Road Vile Parle East, Mumbai, Maharashtra, India – 400057.
Ratnamani Forex operates in the financial services industry, in the forex services segment.
Ratnamani Forex has open charges of ₹30 Lakh and no satisfied charges on record as per latest MCA filings.
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