About Sak Forex Markets Private Limited
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Sak Forex Markets 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 09 November 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2010PTC209886. Its GSTIN is 27AAPCS0345C1ZH (Maharashtra).
The company has an authorised share capital of ₹40 Lakh and a paid-up capital of ₹40 Lakh. It is led by directors including Arjun Gautam Ashra and Shailesh Natvarlal Ashra.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 204A Vikas Premises Co.Op.Society Ltd. 11 N.G.N. Vaidya Marg Fort, Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2024, the company reported a revenue of ₹19.34 Cr, a growth of 72% compared to the previous year. For the same year it recorded a net profit of ₹9.15 Cr (net margin 47.3%) and EBITDA of ₹10.94 Cr (EBITDA margin 56.6%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 20% over five years.
The company has about 1 employee on its provident fund (EPFO) records.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sakforex.in.
Company details
Contact details
Sak Forex Markets Private Limited's registered office is in Mumbai, Maharashtra. Its website is sakforex.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address204A Vikas Premises Co.Op.Society Ltd. 11 N.G.N. Vaidya Marg Fort, Mumbai, Maharashtra, India – 400001
- IndustryFinancial Services, Forex Services
To see the full contact details of Sak Forex Markets 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 Sak Forex Markets is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance activities |
To see the full business activity and turnover split of Sak Forex Markets Private Limited, buy the company report.
Financials of Sak Forex Markets Private Limited
FY 2024 filings availableSak Forex Markets Private Limited reported revenue of ₹19.34 Cr (up 72% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 20% over five years, including 72% growth in the latest year. EBITDA rose 291% 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 | ₹10.94 Cr | ||||
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| Net Profit (PAT) | ₹9.15 Cr | ||||
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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 | 56.6% | ||||
| Net Profit Margin | 47.3% | ||||
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To see the full financial statements and ratios of Sak Forex Markets Private Limited, buy the company report.
Board of directors of Sak Forex Markets Private Limited
Sak Forex Markets has 3 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Arjun Gautam Ashra | Director | 14 Aug 2013 | 13 Years 2 Months | Current |
| Shailesh Natvarlal Ashra Also directs: Multiples Private Equity Fund II LLP | Director | 14 Aug 2013 | 13 Years 2 Months | Current |
| Mrinal Yogendra Thakkar | Director | 02 Jan 2018 | 8 Years 10 Months | Current |
Auditor
Sak Forex Markets Private Limited is audited by Manoj Ashra & Associates for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| Manoj Ashra & Associates | FY 2023 | 106015W |
Shareholding
The shareholding of Sak Forex Markets Private Limited is on record for 5 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 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Sak Forex Markets Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Sak Forex Markets 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 Sak Forex Markets Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
Sak Forex Markets Private Limited has a workforce of 1 employees on its EPFO records as of Mar 22, 2024, across 1 active EPFO establishment.
GST
Sak Forex Markets has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAPCS0345C1ZH | Maharashtra | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sak Forex Markets Private Limited, buy the company report.
Recent activity
Sak Forex Markets Private Limited has 8 board changes on record since 2011: 3 appointments and 5 cessations. The latest: Mrinal Yogendra Thakkar was appointed as Director on 02 Jan 2018.
Frequently asked questions
Sak Forex Markets 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 09 November 2010 (16+ years old) and is registered under CIN U74999MH2010PTC209886.
Sak Forex Markets has 3 current directors:
- Arjun Gautam Ashra - Director
- Shailesh Natvarlal Ashra - Director
- Mrinal Yogendra Thakkar - Director
The latest financial statements of Sak Forex Markets on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Sak Forex Markets is 27AAPCS0345C1ZH, registered in Maharashtra.
The CIN (Corporate Identification Number) of Sak Forex Markets is U74999MH2010PTC209886. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sak Forex Markets was incorporated on 09 November 2010, making it 16+ years old. It is registered with the Registrar of Companies, Mumbai.
Mrinal Yogendra Thakkar was appointed as Director on 02 Jan 2018. Arjun Gautam Ashra ceased to be Additional Director on 25 Aug 2014. Shailesh Natvarlal Ashra ceased to be Additional Director on 25 Aug 2014. Sak Forex Markets has 8 board changes on record in total.
Sak Forex Markets can be reached through the website sakforex.in. Its registered office is in Mumbai, Maharashtra, India.
The registered office of Sak Forex Markets is at 204A Vikas Premises Co.Op.Society Ltd. 11 N.G.N. Vaidya Marg Fort, Mumbai, Maharashtra, India – 400001.
Sak Forex Markets operates in the financial services industry, in the forex services segment.
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