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.
Company details
Contact details
Rising Forex Private Limited's registered office is in Thane, Maharashtra.
- 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
Financials of Rising Forex Private Limited
FY 2025 filings availableRising Forex Private Limited reported revenue of ₹1.79 Lakh (up 38% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹54,695 | ||||
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| Net Profit (PAT) | ₹54,695 | ||||
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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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| EBITDA Margin | 30.5% | ||||
| Net Profit Margin | 30.5% | ||||
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To see the full financial statements and ratios of Rising Forex Private Limited, buy the company report.
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
Rising Forex Private Limited is compared with the 10 companies closest to it by revenue in the BFSI industry (Money Exchange Services), from the latest filed financials of each company.
| 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 Limitedthis company | ₹1.79 Lakh (FY 2024) | ₹54,695 | 30.5% | 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 |
To see the full peer comparison of Rising Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Rising 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 Rising Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Rising Forex Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
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.
Frequently asked questions
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 has 2 current directors:
- Mushtaq Ahmed Iqbal Ahmed Sayyed - Director
- Paras Mohanlal Pamecha - Director
The latest financial statements of Rising 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 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 operates in the financial services industry, in the forex services segment.
Rising Forex can be reached at its registered office: Shop No.D01 Darul Aman Chs Kausar Baug Amrut Nagar, Thane, Maharashtra, India – 400612.
Rising Forex is registered under the jurisdiction of the Registrar of Companies (ROC), Mumbai.