Rising Forex Private Limited
About Rising Forex Private Limited
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Rising Forex Private Limited is a private limited company based in Thane, Maharashtra, India. It operates in the forex services segment of the financial services sector. It was incorporated on 16 September 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2019PTC330584.
The company has an authorised share capital of ₹49.9 Lakh and a paid-up capital of ₹49.9 Lakh. It is led by directors Mushtaq Ahmed Iqbal Ahmed Sayyed and Paras Mohanlal Pamecha.
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 Shop No.D/01 Darul Aman Chs Kausar Baug Amrut Nagar, Thane, Maharashtra, India – 400612.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.79 Lakh, a growth of 38% compared to the previous year. For the same year it recorded a net profit of ₹54,695 (net margin 30.5%) and EBITDA of ₹54,695 (EBITDA margin 30.5%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years.
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- Registered AddressShop No.D/01 Darul Aman Chs Kausar Baug Amrut Nagar, Thane, Maharashtra, India – 400612
- 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
Financials of Rising Forex Private Limited FY 2025 filings available
Rising Forex Private Limited reported revenue of ₹1.79 Lakh (up 38% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Rising Forex Private Limited
Revenue rose 38% in the latest year, though over three years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA rose 250% 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 Rising Forex Private Limited
| 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 | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹54,695 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹54,695 | •••• | •••• | •••• | •••• |
| 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 Rising Forex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 30.5% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 30.5% | •••• | •••• | •••• | •••• |
| 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 Rising Forex are in the company report.
Financial statements from FY 2020
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.
Board of Directors of Rising Forex Private Limited
Rising Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mushtaq Ahmed Iqbal Ahmed Sayyed | Director | 16 Sep 2019 | 7 Years 1 Months | Current |
| Paras Mohanlal Pamecha | Director | 16 Sep 2019 | 7 Years 1 Months | Current |
Peer Comparison of Rising Forex Private Limited
Rising 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 |
|---|---|---|---|---|---|---|
| Amicale Forex Private Limited | ₹1.87 Lakh (FY 2025) | •••• | •••• | -81.0% | •••• | Ahmedabad, Gujarat, India |
| Moksh Forex Private Limited | ₹1.87 Lakh (FY 2025) | •••• | •••• | 43.0% | •••• | Mumbai, Maharashtra, India |
| Bigwig Forex Private Limited | ₹1.85 Lakh (FY 2025) | •••• | •••• | -6.0% | •••• | Mumbai, Maharashtra, India |
| Shahi Money Changer Private Limited | ₹1.83 Lakh (FY 2025) | •••• | •••• | -99.0% | •••• | Surat, Gujarat, India |
| Mehra Fincorp Private Limited | ₹1.81 Lakh (FY 2024) | •••• | •••• | 9.0% | •••• | Amritsar, Punjab, India |
| Rising Forex Private Limited this company | ₹1.79 Lakh (FY 2024) | •••• | •••• | 38.0% | •••• | Thane, Maharashtra, India |
| Shere Punjab Forex Private Limited | ₹1.75 Lakh (FY 2025) | •••• | •••• | •••• | Jalandhar, Punjab, India | |
| Jay Maharaj Money Changer Private Limited | ₹1.74 Lakh (FY 2024) | •••• | •••• | -99.0% | •••• | Nadiad, Gujarat, India |
| Samaara Forex Services Private Limited | ₹1.73 Lakh (FY 2022) | •••• | •••• | -87.0% | •••• | New Delhi, Delhi, India |
| Leadcorp Investments Private Limited | ₹1.73 Lakh (FY 2024) | •••• | •••• | -59.0% | •••• | Hyderabad, Telangana, India |
| G.K. Prince Currency Exchange Private Limited | ₹1.71 Lakh (FY 2025) | •••• | •••• | -6.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Rising 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.
Charges & Borrowings of Rising Forex Private Limited
Rising Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Rising Forex Private Limited
Employment history and EPFO contributions of people linked to Rising 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 Rising Forex Private Limited
Rising Forex Private Limited has 2 board changes on record since 2019: 2 appointments. The latest: Mushtaq Ahmed Iqbal Ahmed Sayyed was appointed as Director on 16 Sep 2019.
Credit Ratings, Litigation & Regulatory Alerts for Rising 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 Rising 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 Rising 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 Rising Forex Private Limited
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 Rising 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 Rising Forex Private Limited
Rising Forex is an active private limited company based in Thane, Maharashtra, India. The company works in forex services, within the financial services industry. It was incorporated on 16 September 2019 (7+ years old) and is registered under CIN U67190MH2019PTC330584.
Rising Forex reported revenue of ₹1.79 Lakh for FY 2024 (up 38% YoY).
Rising Forex has 2 current directors:
- Mushtaq Ahmed Iqbal Ahmed Sayyed - Director
- Paras Mohanlal Pamecha - Director
Rising Forex reported a net profit of ₹54,695 (net margin 30.5%) and EBITDA of ₹54,695 (EBITDA margin 30.5%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Rising Forex is -5% over three years. In the latest year (FY 2024) revenue rose 38%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Rising Forex is U67190MH2019PTC330584. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Rising Forex was incorporated on 16 September 2019, making it 7+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Rising Forex by revenue are Amicale Forex Private Limited, Moksh Forex Private Limited, Bigwig Forex Private Limited, Shahi Money Changer Private Limited, Mehra Fincorp Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Mushtaq Ahmed Iqbal Ahmed Sayyed was appointed as Director on 16 Sep 2019. Paras Mohanlal Pamecha was appointed as Director on 16 Sep 2019.
The registered office of Rising Forex is at Shop No.D01 Darul Aman Chs Kausar Baug Amrut Nagar, Thane, Maharashtra, India – 400612.
Rising Forex has an authorised share capital of ₹49.9 Lakh and a paid-up capital of ₹49.9 Lakh.