Rio Forex Private Limited
About Rio Forex Private Limited
Data last updated:
Rio 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 22 May 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2017PTC295196. Its GSTIN is 27AAICR3077R1ZJ (Maharashtra).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹27 Lakh. It is led by directors Jassaram Chenaji Choudhary and Padam Jasaram Choudhary.
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 Room No.8 Gary House Church Pakhadi Road No. 1 Andheri (E), Mumbai, Maharashtra, India – 400099.
As per the financials filed for FY 2025, the company reported a revenue of ₹8.76 Cr, a decline of 51% compared to the previous year. For the same year it recorded a net profit of ₹78,171 (net margin 0.1%) and EBITDA of ₹1.08 Lakh (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 98% over three years and 52% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered AddressRoom No.8 Gary House Church Pakhadi Road No. 1 Andheri (E), Mumbai, Maharashtra, India – 400099
- IndustryFinancial Services, Forex Services
- 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
- One PDF report, delivered after checkout
Business Activity of Rio Forex Private Limited
The main business activity of Rio Forex is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Rio Forex Private Limited FY 2025 filings available
Rio Forex Private Limited reported revenue of ₹8.76 Cr (down 51% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Rio Forex Private Limited
Revenue fell 51% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 52%. EBITDA fell 65% 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 Rio Forex Private Limited
| Metrics | FY 2024-25 | 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 | ₹1.08 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹78,171 | •••• | •••• | •••• | •••• |
| 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 Rio Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.1% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
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 Rio Forex are in the company report.
Financial statements from FY 2018
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Rio Forex Private Limited
Rio 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 |
|---|---|---|---|---|---|---|
| Truedeal Forex Private Limited | ₹8.82 Cr (FY 2022) | •••• | •••• | 601.0% | •••• | Noida, Uttar Pradesh, India |
| Kumar Forex Money Changers Private Limited | ₹8.82 Cr (FY 2025) | •••• | •••• | -47.0% | •••• | Sangrur, Punjab, India |
| Kallu Forex Private Limited | ₹8.81 Cr (FY 2025) | •••• | •••• | -7.0% | •••• | Mumbai, Maharashtra, India |
| Elite Forex Private Limited | ₹8.8 Cr (FY 2025) | •••• | •••• | -6.0% | •••• | Chennai, Tamil Nadu, India |
| Pace Forex Private Limited | ₹8.79 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Nagpur, Maharashtra, India |
| Rio Forex Private Limited this company | ₹8.76 Cr (FY 2025) | •••• | •••• | -51.0% | •••• | Mumbai, Maharashtra, India |
| Sree Vimalnath Forex Private Limited | ₹8.71 Cr (FY 2024) | •••• | •••• | 8.0% | •••• | Hyderabad, Telangana, India |
| Paras Forex Private Limited | ₹8.7 Cr (FY 2024) | •••• | •••• | 49.0% | •••• | New Delhi, Delhi, India |
| RVK Forex Private Limited | ₹8.68 Cr (FY 2025) | •••• | •••• | -26.0% | •••• | New Delhi, Delhi, India |
| Shree Vinayak Forex Services Private Limited | ₹8.6 Cr (FY 2018) | •••• | •••• | -13.0% | •••• | Mumbai, Maharashtra, India |
| RJ Forex Private Limited | ₹8.55 Cr (FY 2023) | •••• | •••• | 243603.0% | •••• | Gurgaon, Haryana, India |
Peers are the five companies nearest above and the five nearest below Rio 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 Rio Forex Private Limited
Rio Forex Private Limited is audited by Chunnilal & Co. for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Chunnilal & Co. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Rio Forex Private Limited
Rio Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jassaram Chenaji Choudhary | Director | 22 May 2017 | 9 Years 4 Months | Current |
| Padam Jasaram Choudhary | Director | 22 May 2017 | 9 Years 4 Months | Current |
Ownership and Shareholding of Rio Forex Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Rio Forex Private Limited
Rio Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Rio Forex Private Limited
Employment history and EPFO contributions of people linked to Rio Forex.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Rio Forex Private Limited
Rio Forex Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Jassaram Chenaji Choudhary was appointed as Director on 22 May 2017.
Credit Ratings, Litigation & Regulatory Alerts for Rio Forex Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Rio Forex Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Rio Forex Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Rio Forex Private Limited
Rio Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICR3077R1ZJ | Maharashtra | Active | 31 Oct 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Rio Forex Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Rio Forex Private Limited
Rio 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 22 May 2017 (9+ years old) and is registered under CIN U74999MH2017PTC295196.
Rio Forex reported revenue of ₹8.76 Cr for FY 2025 (down 51% YoY).
Rio Forex has 2 current directors:
- Jassaram Chenaji Choudhary - Director
- Padam Jasaram Choudhary - Director
Rio Forex reported a net profit of ₹78,171 (net margin 0.1%) and EBITDA of ₹1.08 Lakh (EBITDA margin 0.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Rio Forex is 98% over three years and 52% over five years. In the latest year (FY 2025) revenue fell 51%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Rio Forex is 27AAICR3077R1ZJ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Rio Forex is U74999MH2017PTC295196. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rio Forex was incorporated on 22 May 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Rio Forex by revenue are Truedeal Forex Private Limited, Kumar Forex Money Changers Private Limited, Kallu Forex Private Limited, Elite Forex Private Limited, Pace Forex Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Jassaram Chenaji Choudhary was appointed as Director on 22 May 2017. Padam Jasaram Choudhary was appointed as Director on 22 May 2017.
The registered office of Rio Forex is at Room No.8 Gary House Church Pakhadi Road No. 1 Andheri E, Mumbai, Maharashtra, India – 400099.