Startup India Government of India
Reeudo Forex Services Private Limited - financial services in Gurgaon, Haryana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.64 Cr
▲ 768% YoY
Net loss · FY 2024
₹1.78 Cr
Net margin -108.8%
EBITDA · FY 2024
-₹2.29 Cr
EBITDA margin -139.9%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹63.47 Lakh
Issued & subscribed
Company age
6 yrs
Est. 2020
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Reeudo Forex Services Private Limited
Data last updated:
Reeudo Forex Services Private Limited is a private limited company based in Gurgaon, Haryana, India, recognised as a startup by DPIIT. It operates in the forex services segment of the financial services sector. It was incorporated on 05 June 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U65929HR2020PTC086571. Its GSTIN is 06AAKCR1927N1ZY (Haryana).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹63.47 Lakh. It is led by directors Pawanjeet Singh Grewal and Mandeep Grewal.
Its last annual general meeting (AGM) was held on 27 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Gurgaon, Haryana.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.64 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.78 Cr (net margin -108.8%) and EBITDA of -₹2.29 Cr (EBITDA margin -139.9%).
The company is associated with 1 brand: Reeudo. The company has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹5.92 Cr; the latest was in March 2024. Its 5 peer companies in the BFSI industry (Forex Services, Money Exchange Services), with the same principal business activity (other financial activities) are compared by revenue, 4 larger and 1 smaller; the largest is U S. Exchange Consultant Private Limited with revenue of ₹1.71 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website reeudo.com.
Company details
CIN U65929HR2020PTC086571
Registration Number 086571
Incorporation Date 05 June 2020
ROC Delhi
Listing Status Unlisted
Company Status Active
Date of Last AGM 27 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
Recognitions & Rankings of Reeudo Forex Services
Contact details
Reeudo Forex Services Private Limited's registered office is in Gurgaon, Haryana. Its website is reeudo.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No. 16 First Floor Vipul Square B – Block, Sushant Lok – I, Gurgaon, Haryana, India – 122009
- IndustryFinancial Services, Forex Services
To see the full contact details of Reeudo Forex Services Private Limited, buy the company report.
Comprehensive company report
Reeudo Forex Services 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
Reeudo Forex Services operates one associated brand: Reeudo. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| A fintech platform providing cross-border payment solutions for students and individuals | reeudo.com |
Business activity
The main business activity of Reeudo Forex Services 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 Reeudo Forex Services Private Limited, buy the company report.
Financials of Reeudo Forex Services Private Limited
FY 2025 filings availableReeudo Forex Services Private Limited reported revenue of ₹1.64 Cr (up 768% YoY) for FY 2024.
Revenue · FY 2024
₹1.64 Cr ▲ 768%
Net loss · FY 2024
₹1.78 Cr margin -108.8%
EBITDA · FY 2024
-₹2.29 Cr margin -139.9%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 768%
EBITDA CAGR growth
1 year
▼ 122%
3 years · compounded
▼ 859%
Revenue rose 768% in the latest year. EBITDA fell 122% 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 |
|---|---|---|---|---|
| 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 | -₹2.29 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹1.78 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
| Net Worth (Total Equity) | ||||
| Long-term Borrowings | ||||
| Short-term Borrowings | ||||
| Trade Payables | ||||
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| Fixed Assets | ||||
| Investments | ||||
| Inventories | ||||
| Trade Receivables | ||||
| Cash and Bank Balance | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -139.9% | |||
| Net Profit Margin | -108.8% | |||
| 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 Reeudo Forex Services Private Limited, buy the company report.
Board of directors of Reeudo Forex Services Private Limited
Reeudo Forex Services has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pawanjeet Singh Grewal Also directs: Reeudo Networks Private Limited | Director | 05 Jun 2020 | 6 Years 4 Months | Current |
| Mandeep Grewal Also directs: Reeudo Networks Private Limited | Director | 07 Aug 2024 | 2 Years 2 Months | Current |
Peer comparison
Reeudo Forex Services Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Forex Services, 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 |
|---|---|---|---|---|---|---|
| U S. Exchange Consultant Private Limited | ₹1.71 Cr (FY 2024) | -39.0% | Satellite, Ahmedabad 380 015, Gujarat, India | |||
| Vagmi Forex Private Limited | ₹1.67 Cr (FY 2025) | -97.0% | New Delhi, Delhi, India | |||
| Milan Moneychanger Private Limited | ₹1.66 Cr (FY 2025) | -70.0% | Kalol, Gujarat, India | |||
| Nilkanth Forex Private Limited | ₹1.65 Cr (FY 2024) | 7.0% | Gandhinagar, Gujarat, India | |||
| Reeudo Forex Services Private Limitedthis company | ₹1.64 Cr (FY 2024) | -₹1.78 Cr | -108.8% | 768.0% | Gurgaon, Haryana, India | |
| Relcon Forex Private Limited | ₹1.63 Cr (FY 2025) | -57.0% | Vile Parle East, Maharashtra, India |
To see the full peer comparison of Reeudo Forex Services Private Limited, buy the company report.
Auditor
Reeudo Forex Services Private Limited is audited by Ravinder K. Goel and Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Ravinder K. Goel and Associates | FY 2023 | 013997N |
Shareholding
The shareholding of Reeudo Forex Services Private Limited is on record for 3 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 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Reeudo Forex Services Private Limited, buy the company report.
Deals & funding
Reeudo Forex Services Private Limited has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹5.92 Cr; the latest was in March 2024.
Total deals
6
Funding rounds
3
Secondary share transfers
3
Disclosed funding
₹5.92 Cr
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2024 | Funding round | ₹1.18 Cr | Investors: 4 individuals |
| Apr 2023 | Funding round | ₹1.58 Cr | Investors: Fateh Education Consulting Private Limited |
| Nov 2022 | Funding round | ₹3.16 Cr | Investors: India Accelerator, 3 individuals |
| Sep 2022 | Secondary share transfer | Undisclosed | Buyer: India Accelerator, 3 individuals Seller: an individual |
| Aug 2022 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: an individual |
To see the full deal history of Reeudo Forex Services Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Reeudo Forex Services 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 Reeudo Forex Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Reeudo Forex Services Private Limited has 1 active EPFO establishment as of Apr 02, 2024.
Active EPFO establishments
1
GST
Reeudo Forex Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AAKCR1927N1ZY | Haryana | Active | 22 Jan 2022 |
To see the full GST registrations and return filing status of Reeudo Forex Services Private Limited, buy the company report.
Recent activity
Reeudo Forex Services Private Limited has 8 board changes on record since 2020: 5 appointments and 3 cessations. The latest: Ajaya Kumar Sahoo ceased to be Director on 19 Mar 2025.
AGM
Reeudo Forex Services Private Limited last Annual general meeting of members was held on 27 Sep 2025 as per latest MCA records.
Filing
Reeudo Forex Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Delhi.
Ceased
Ajaya Kumar Sahoo ceased to be Director.
Ceased
Harsh Kumar Singh ceased to be Director.
Appointed
Mandeep Grewal was appointed as Director.
Ceased
Vaibhav Shrivastava ceased to be Director.
Appointed
Harsh Kumar Singh was appointed as Director.
Appointed
Ajaya Kumar Sahoo was appointed as Director.
Appointed
Pawanjeet Singh Grewal was appointed as Director.
Appointed
Vaibhav Shrivastava was appointed as Director.
Incorporation
05 Jun 2020
Reeudo Forex Services Private Limited was registered on 05 Jun 2020 with Roc Delhi & aged 6 years 4 months as per MCA records.
Frequently asked questions
Reeudo Forex Services is an active private limited company based in Gurgaon, Haryana, India. The company works in forex services, within the financial services industry. It was incorporated on 05 June 2020 (6+ years old) and is registered under CIN U65929HR2020PTC086571.
Reeudo Forex Services has 2 current directors:
- Pawanjeet Singh Grewal - Director
- Mandeep Grewal - Director
The latest financial statements of Reeudo Forex Services on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 27 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Reeudo Forex Services is 06AAKCR1927N1ZY, registered in Haryana.
The CIN (Corporate Identification Number) of Reeudo Forex Services is U65929HR2020PTC086571. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Reeudo Forex Services was incorporated on 05 June 2020, making it 6+ years old. It is registered with the Registrar of Companies, Delhi.
Reeudo Forex Services has 6 deals on record (3 funding rounds, 3 secondary share transfers), with disclosed funding of ₹5.92 Cr; the latest was in March 2024.
The peers of Reeudo Forex Services by revenue are U S. Exchange Consultant Private Limited, Vagmi Forex Private Limited, Milan Moneychanger Private Limited, Nilkanth Forex Private Limited, Relcon Forex Private Limited, all in the BFSI industry (Forex Services, Money Exchange Services), with the same principal business activity (other financial activities).
Ajaya Kumar Sahoo ceased to be Director on 19 Mar 2025. Harsh Kumar Singh ceased to be Director on 07 Aug 2024. Mandeep Grewal was appointed as Director on 07 Aug 2024. Reeudo Forex Services has 8 board changes on record in total.
Yes, Reeudo Forex Services is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Reeudo Forex Services can be reached through the website reeudo.com. Its registered office is in Gurgaon, Haryana, India.