Sainath Forex Services Private Limited
About Sainath Forex Services Private Limited
Data last updated:
Sainath Forex Services Private Limited is a private limited company based in Gandhinagar, Gujarat, India. It operates in the forex services segment of the financial services sector. It was incorporated on 10 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67190GJ2010PTC062856.
The company has an authorised share capital of ₹27 Lakh and a paid-up capital of ₹27 Lakh. It is led by directors Mihir Kanubhai Gajjar and Jayrajsinh Kiritsinh Vaghela.
Its last annual general meeting (AGM) was held on 30 November 2021, and its latest financial statements are for the year ended 31 March 2021. The registered office is at Shop No. 115 1st Floor Maghmalhar Complex Opp. Petrol Pump Sector – 11, Gandhinagar, Gujarat, India – 382011.
As per the financials filed for FY 2021, the company reported a revenue of ₹1.95 Cr, a decline of 68% compared to the previous year. For the same year it recorded a net profit of ₹13,522 (net margin 0.1%) and EBITDA of ₹18,272 (EBITDA margin 0.1%). Revenue has declined at a compounded annual rate (CAGR) of 42% over three years and 25% over five years.
As per MCA filings, the company has open charges of ₹16.59 Lakh on record.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Sainath Forex Services Private Limited's registered office is in Gandhinagar, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressShop No. 115 1st Floor Maghmalhar Complex Opp. Petrol Pump Sector – 11, Gandhinagar, Gujarat, India – 382011
- IndustryFinancial Services, Forex Services
To see the full contact details of Sainath Forex Services 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 Sainath 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 Sainath Forex Services Private Limited, buy the company report.
Financials of Sainath Forex Services Private Limited
FY 2021 filings availableSainath Forex Services Private Limited reported revenue of ₹1.95 Cr (down 68% YoY) for FY 2021.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 25% over five years, including a 68% fall in the latest year. EBITDA fell 39% 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 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹1.95 Cr | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹18,272 | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹13,522 | ||||
| Balance Sheet | |||||
| Share Capital | |||||
| Reserves and Surplus | |||||
| Net Worth (Total Equity) | |||||
| Long-term Borrowings | |||||
| Short-term Borrowings | |||||
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| Inventories | |||||
| Trade Receivables | |||||
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Financial Ratios
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 |
|---|---|---|---|---|---|
| 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 | |||||
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| Efficiency and Growth | |||||
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| Receivable Days | |||||
| Payable Days | |||||
| Inventory Days | |||||
| Revenue Growth | |||||
| Net Profit Growth | |||||
To see the full financial statements and ratios of Sainath Forex Services Private Limited, buy the company report.
Board of directors of Sainath Forex Services Private Limited
Sainath Forex Services has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mihir Kanubhai Gajjar | Director | 10 Nov 2010 | 15 Years 11 Months | Current |
| Jayrajsinh Kiritsinh Vaghela | Director | 10 Nov 2010 | 15 Years 11 Months | Current |
Peer comparison
Sainath 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 |
|---|---|---|---|---|---|---|
| Kirat Forex Private Limited | ₹1.98 Cr (FY 2025) | 57.0% | Baruipara, West Bengal, India | |||
| Asm Forex Private Limited | ₹1.97 Cr (FY 2025) | -91.0% | Chandigarh, India | |||
| Prime Forex Private Limited | ₹1.95 Cr (FY 2024) | 36.0% | Chennai, Tamil Nadu, India | |||
| Sainath Forex Services Private Limitedthis company | ₹1.95 Cr (FY 2021) | ₹13,522 | 0.1% | -68.0% | Gandhinagar, Gujarat, India | |
| Shillong Forex Services Private Limited | ₹1.93 Cr (FY 2025) | -40.0% | Shillong, Meghalaya, India | |||
| Total Best Forex Private Limited | ₹1.91 Cr (FY 2024) | 4465.0% | Thiruvananthapuram, Kerala, India |
To see the full peer comparison of Sainath Forex Services Private Limited, buy the company report.
Auditor
Sainath Forex Services Private Limited is audited by G C PATEL & CO for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| G C PATEL & CO | FY 2021 | 113693W |
Shareholding
The shareholding of Sainath Forex Services Private Limited is on record for 4 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|---|
| Promoters | ||||
| Domestic institutional investors (DII) | ||||
| Foreign institutional investors (FII) | ||||
| Public | ||||
| Others |
To see the full shareholding pattern of Sainath Forex Services Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 30 Mar 2015 | 10599162 | Dcb Bank Ltd (Formerly Development Credit Bank Ltd) | ₹16.59 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Sainath 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 Sainath Forex Services 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 Sainath Forex Services Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Sainath Forex Services Private Limited has 3 board changes on record since 2010: 2 appointments and 1 cessation. The latest: Sarbjitsingh Athwal ceased to be Director on 07 Oct 2015.
Frequently asked questions
Sainath Forex Services is an active private limited company based in Gandhinagar, Gujarat, India. The company works in forex services, within the financial services industry. It was incorporated on 10 November 2010 (16+ years old) and is registered under CIN U67190GJ2010PTC062856.
Sainath Forex Services has 2 current directors:
- Mihir Kanubhai Gajjar - Director
- Jayrajsinh Kiritsinh Vaghela - Director
The latest financial statements of Sainath Forex Services on record with the MCA are for the year ended 31 March 2021. Its last annual general meeting was held on 30 November 2021. Year-wise statements from 2015 are in the company report.
The CIN (Corporate Identification Number) of Sainath Forex Services is U67190GJ2010PTC062856. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sainath Forex Services was incorporated on 10 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Sainath Forex Services by revenue are Kirat Forex Private Limited, Asm Forex Private Limited, Prime Forex Private Limited, Shillong Forex Services Private Limited, Total Best Forex Private Limited, all in the BFSI industry (Forex Services, Money Exchange Services), with the same principal business activity (other financial activities).
Sarbjitsingh Athwal ceased to be Director on 07 Oct 2015. Jayrajsinh Kiritsinh Vaghela was appointed as Director on 10 Nov 2010. Mihir Kanubhai Gajjar was appointed as Director on 10 Nov 2010.
The registered office of Sainath Forex Services is at Shop No. 115 1st Floor Maghmalhar Complex Opp. Petrol Pump Sector – 11, Gandhinagar, Gujarat, India – 382011.
Sainath Forex Services operates in the financial services industry, in the forex services segment.
Sainath Forex Services has open charges of ₹16.59 Lakh and no satisfied charges on record as per latest MCA filings.
The compliance status of Sainath Forex Services is compliant as of 04 July 2026. The company is actively filing with the Registrar of Companies.
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