MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-18-0239884
Samyag Forex Services Private Limited
Samyag Forex Services Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.2 Cr
▲ 108% YoY
Net profit · FY 2024
₹54,702
Net margin 0.5%
EBITDA · FY 2024
₹81,341
EBITDA margin 0.7%
Authorised capital
₹26 Lakh
Registered with MCA
Paid-up capital
₹26 Lakh
Issued & subscribed
Company age
12 yrs
Est. 2014
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Samyag Forex Services Private Limited
Data last updated:
Samyag Forex Services Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the diversified financial services segment of the financial services sector. It was incorporated on 16 September 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2014PTC258155. Its GSTIN is 27AAUCS9324C1ZZ (Maharashtra).
The company has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹26 Lakh. It is led by directors Pravin Namdev Dhamane and Akash Ashok Dasavate.
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 Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.2 Cr, a growth of 108% compared to the previous year. For the same year it recorded a net profit of ₹54,702 (net margin 0.5%) and EBITDA of ₹81,341 (EBITDA margin 0.7%). Revenue has declined at a compounded annual rate (CAGR) of 321% over three years and 17% over five years.
Samyag Forex Services Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-18-0239884). The current compliance status is marked as compliant by the Registrar of Companies.
Company Details of Samyag Forex Services Private Limited
CIN U67190MH2014PTC258155
Registration Number 258155
Incorporation Date 16 September 2014
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2024
Date of Balance Sheet 31 March 2024
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-MH-18-0239884
Recognitions & Rankings of Samyag Forex Services
Contact Details
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressShop No. 20 First Floor Indira Seva Mandal, Cam Harbanslal Road Sion Koliwada Antop Hill, Mumbai, Maharashtra, India – 400037
- IndustryFinancial Services, Diversified Financial Services
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Business Activity of Samyag Forex Services Private Limited
The main business activity of Samyag Forex Services 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 |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Samyag Forex Services Private Limited FY 2024 filings available
Samyag Forex Services Private Limited reported revenue of ₹1.2 Cr (up 108% YoY) for FY 2024.
Revenue · FY 2024
₹1.2 Cr ▲ 108%
Net profit · FY 2024
₹54,702 margin 0.5%
EBITDA · FY 2024
₹81,341 margin 0.7%
Compounded Annual Growth Rate (CAGR) of Samyag Forex Services Private Limited
Revenue CAGR growth
1 year
▲ 108%
3 years · compounded
▲ 321%
5 years · compounded
▼ 17%
EBITDA CAGR growth
1 year
▲ 272%
3 years · compounded
▲ 221%
5 years · compounded
▼ 6%
Revenue rose 108% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 17%. EBITDA rose 272% 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 Samyag Forex Services 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 | ₹81,341 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹54,702 | •••• | •••• | •••• | •••• |
| 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 Samyag Forex Services Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.7% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.5% | •••• | •••• | •••• | •••• |
| 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 Samyag Forex Services are in the company report.
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Financial statements from 2015
Earlier years and trend charts are in the company report.
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Board of Directors of Samyag Forex Services Private Limited
Samyag Forex Services has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Pravin Namdev Dhamane | Director | 01 Feb 2024 | 2 Years 8 Months | Current |
| Akash Ashok Dasavate | Director | 01 Feb 2024 | 2 Years 8 Months | Current |
Peer Comparison of Samyag Forex Services Private Limited
Samyag Forex Services Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Forex Services, Other Financial 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 |
|---|---|---|---|---|---|---|
| Shree Om Finvest Private Limited | ₹1.2 Cr (FY 2025) | •••• | •••• | 45.0% | •••• | Chandigarh, India |
| Kreative Machinez Private Limited | ₹1.2 Cr (FY 2024) | •••• | •••• | 19.0% | •••• | Kolkata, West Bengal, India |
| Tutor Investment and Finance Pvt Ltd | ₹1.2 Cr (FY 2024) | •••• | •••• | -21.0% | •••• | Fort Mumbai, Maharashtra, India |
| Yvpsr Private Limited | ₹1.2 Cr (FY 2023) | •••• | •••• | 1735.0% | •••• | Chennai, Tamil Nadu, India |
| Vidyalaxmi Vinimay Private Limited | ₹1.2 Cr (FY 2024) | •••• | •••• | 432.0% | •••• | Bhubaneswar, Odisha, India |
| Samyag Forex Services Private Limited this company | ₹1.2 Cr (FY 2024) | •••• | •••• | 108.0% | •••• | Mumbai, Maharashtra, India |
| Jammu and Kashmir Infrastructure Development Finance Corporation P Limited | ₹1.2 Cr (FY 2021) | •••• | •••• | 100.0% | •••• | Jammu, Jammu and Kashmir, India |
| Couple Finvest Private Limited | ₹1.2 Cr (FY 2025) | •••• | •••• | 27.0% | •••• | Mumbai, Maharashtra, India |
| Bhandari Finance and Investment Private Limited | ₹1.2 Cr (FY 2024) | •••• | •••• | 64.0% | •••• | Nanded, Maharashtra, India |
| Lmd2 Innovative Capadvisors Private Limited | ₹1.2 Cr (FY 2025) | •••• | •••• | 65.0% | •••• | Meerut, Uttar Pradesh, India |
| Devsang Security Services Private Limited | ₹1.2 Cr (FY 2025) | •••• | •••• | 18.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Samyag Forex Services by revenue in the BFSI industry (Forex Services, Other Financial 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 Samyag Forex Services Private Limited
Samyag Forex Services Private Limited is audited by S.M.BHAT & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S.M.BHAT & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Samyag Forex Services Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Samyag Forex Services Private Limited
Samyag Forex Services Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Samyag Forex Services Private Limited
Employment history and EPFO contributions of people linked to Samyag Forex Services.
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Samyag Forex Services Private Limited
Samyag Forex Services Private Limited has 4 board changes on record since 2024: 2 appointments and 2 cessations. The latest: Hemant Navinchandra Shah ceased to be Director on 02 Feb 2024.
AGM
Samyag Forex Services Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.
Filing
Samyag Forex Services Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.
Ceased
Hemant Navinchandra Shah ceased to be Director.
Ceased
Navinchandra Amratlal Shah ceased to be Director.
Appointed
Akash Ashok Dasavate was appointed as Director.
Appointed
Pravin Namdev Dhamane was appointed as Director.
Incorporation
16 Sep 2014
Samyag Forex Services Private Limited was registered on 16 Sep 2014 with Roc Mumbai & aged 12 years 1 month as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Samyag Forex Services Private Limited
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MSME Payment Delays by Samyag Forex Services Private Limited
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Subsidiaries & Group Companies of Samyag Forex Services Private Limited
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GST Compliance of Samyag Forex Services Private Limited
Samyag Forex Services has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAUCS9324C1ZZ | Maharashtra | Active | 01 Jul 2017 |
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MCA Filings & Documents of Samyag Forex Services Private Limited
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Frequently Asked Questions about Samyag Forex Services Private Limited
Samyag Forex Services is an active private limited company based in Mumbai, Maharashtra, India. The company works in diversified financial services, within the financial services industry. It was incorporated on 16 September 2014 (12+ years old) and is registered under CIN U67190MH2014PTC258155.
Samyag Forex Services reported revenue of ₹1.2 Cr for FY 2024 (up 108% YoY).
Samyag Forex Services has 2 current directors:
- Pravin Namdev Dhamane - Director
- Akash Ashok Dasavate - Director
Samyag Forex Services reported a net profit of ₹54,702 (net margin 0.5%) and EBITDA of ₹81,341 (EBITDA margin 0.7%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Samyag Forex Services is 321% over three years and -17% over five years. In the latest year (FY 2024) revenue rose 108%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Samyag Forex Services is 27AAUCS9324C1ZZ, registered in Maharashtra.
The CIN (Corporate Identification Number) of Samyag Forex Services is U67190MH2014PTC258155. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Samyag Forex Services was incorporated on 16 September 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Samyag Forex Services by revenue are Shree Om Finvest Private Limited, Kreative Machinez Private Limited, Tutor Investment and Finance Pvt Ltd, Yvpsr Private Limited, Vidyalaxmi Vinimay Private Limited and 5 more, all in the BFSI industry (Forex Services, Other Financial Services).
Hemant Navinchandra Shah ceased to be Director on 02 Feb 2024. Navinchandra Amratlal Shah ceased to be Director on 02 Feb 2024. Akash Ashok Dasavate was appointed as Director on 01 Feb 2024. Samyag Forex Services has 4 board changes on record in total.
Yes, Samyag Forex Services is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-18-0239884).