About Sapphire Forex Private Limited
Data last updated:
Sapphire Forex Private Limited is a private limited company based in Gurgaon, Haryana, India, recognised as a startup by DPIIT. It operates in the forex services segment of the financial services sector. It was incorporated on 16 May 2012 and has been in existence for over 14 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U74900HR2012PTC045960. Its GSTIN is 06AARCS4692L1ZI (Haryana). The company holds 10 GST registrations, all of them active.
The company has an authorised share capital of ₹10.5 Cr and a paid-up capital of ₹9.68 Cr. It is led by directors including Nisha Rani and Pushpa.
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 Shop No. 140 1st Floor The Sapphire Sector – 49 Sohna Road, Gurgaon, Haryana, India – 122018.
As per the financials filed for FY 2025, the company reported a revenue of ₹380.86 Cr, a decline of 80% compared to the previous year. For the same year it recorded a net profit of ₹30.82 Lakh (net margin 0.1%) and EBITDA of ₹74.08 Lakh (EBITDA margin 0.2%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years and 13% over five years.
The company has about 35 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Sapphire Forex. As per MCA filings, the company has open charges of ₹4.5 Cr and satisfied charges of ₹4.43 Cr on record. Court records list 4 cases involving the company, including 1 filed by the company and 3 filed against it; 1 case is pending. The company has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹29 Lakh; the latest was in March 2022. Its 10 peer companies in the BFSI industry (Money Exchange Services) are compared by revenue, 5 larger and 5 smaller; the largest is Laxmii Forex Limited with revenue of ₹507.67 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website sapphireforex.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressShop No. 140 1st Floor The Sapphire Sector – 49 Sohna Road, Gurgaon, Haryana, India – 122018
- 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
Business Activity of Sapphire Forex Private Limited
The main business activity of Sapphire Forex 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 |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Sapphire Forex Private Limited FY 2024 filings available
Sapphire Forex Private Limited reported revenue of ₹380.86 Cr (down 80% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Sapphire Forex Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 13% over five years, including a 80% fall in the latest year. EBITDA fell 55% 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 Sapphire Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹74.08 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹30.82 Lakh | •••• | •••• | •••• | •••• |
| 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 Sapphire Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.1% | •••• | •••• | •••• | •••• |
| 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 Sapphire Forex are in the company report.
Financial statements from 2015
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.
Peer Comparison of Sapphire Forex Private Limited
Sapphire 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 |
|---|---|---|---|---|---|---|
| Laxmii Forex Limited | ₹507.67 Cr (FY 2025) | •••• | •••• | 16.0% | •••• | Pune, Maharashtra, India |
| Rnfi Money Private Limited | ₹490.29 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | New Delhi, Delhi, India |
| 7Janpath Forex Private Limited | ₹419.1 Cr (FY 2025) | •••• | •••• | -11.0% | •••• | Janpath Lane, Delhi, India |
| Ruhi Forex Private Limited | ₹411.78 Cr (FY 2022) | •••• | •••• | 110.0% | •••• | New Delhi, Delhi, India |
| Ashiva Forex Private Limited | ₹393.81 Cr (FY 2024) | •••• | •••• | 2535.0% | •••• | Gurgaon, Haryana, India |
| Sapphire Forex Private Limited this company | ₹380.86 Cr (FY 2025) | •••• | •••• | -80.0% | •••• | Gurgaon, Haryana, India |
| Samurai Forex Private Limited | ₹375.15 Cr (FY 2019) | •••• | •••• | 1125.0% | •••• | Vasai -Palghar, Maharashtra, India |
| Honest Deal Forex Limited | ₹373.73 Cr (FY 2025) | •••• | •••• | 171.0% | •••• | Kanpur, Uttar Pradesh, India |
| Naha Forex Private Limited | ₹365.49 Cr (FY 2019) | •••• | •••• | 78.0% | •••• | Kolkata, West Bengal, India |
| Gopal Forex Private Limited | ₹345.22 Cr (FY 2024) | •••• | •••• | 0.0% | •••• | New Delhi, Delhi, India |
| Dayawati Forex Private Limited | ₹335.79 Cr (FY 2025) | •••• | •••• | 53.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Sapphire 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.
Auditor Details of Sapphire Forex Private Limited
Sapphire Forex Private Limited is audited by SAHIL GUPTA & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| SAHIL GUPTA & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Sapphire Forex Private Limited
Sapphire Forex has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nisha Rani | Director | 16 May 2012 | 14 Years 4 Months | Current |
| Pushpa | Director | 16 May 2012 | 14 Years 4 Months | Current |
| Neeraj Kumar | Director | 16 May 2012 | 14 Years 4 Months | Current |
Ownership and Shareholding of Sapphire Forex Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Sapphire Forex Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Mar 2024 | Others | ₹4.5 Cr | Open |
| 02 Feb 2021 | Others | ₹4.43 Cr | Satisfied |
Total charge records: 2 View all charges
Deals & Funding of Sapphire Forex Private Limited
Sapphire Forex Private Limited has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹29 Lakh; the latest was in March 2022.
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2022 | Rights issue | ₹7.68 Cr | Investors: 4 individuals |
| Jan 2018 | Rights issue | ₹1.5 Cr | Investors: 4 individuals |
| Feb 2015 | Rights issue | ₹20 Lakh | Investors: 3 individuals |
| Nov 2012 | Funding round | ₹29 Lakh | Investors: 2 individuals |
Full deal history
All 4 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Sapphire Forex Private Limited
Sapphire Forex Private Limited has 4 court cases on record: 1 filed by Sapphire Forex, 3 filed against it. 1 case is pending and 3 are disposed. Status as checked between 21 Sep 2026 and 04 Oct 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 4 | 3 | 1 |
Cases on record (4 of 4)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Gurugram, Haryana | Appeal | Filed against the company by an individual | Pending |
| District court, South West, Delhi | Civil suit | Filed against the company by State | Disposed |
| District court, Gurugram, Haryana | Court case (TRAFFIC) | Filed against the company by State of Haryana | Disposed |
| District court, Gurugram, Haryana | Cheque dishonour complaint | Filed by the company against an individual | Disposed |
Full case history
All 4 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Associated Brands with Sapphire Forex Private Limited
Sapphire Forex operates one associated brand: Sapphire Forex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Foreign exchange, remittance, and travel services in India. | sapphireforex.com |
Employees and EPFO Compliance at Sapphire Forex Private Limited
Sapphire Forex Private Limited has a workforce of 35 employees as of Apr 09, 2024.
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 Sapphire Forex Private Limited
Sapphire Forex Private Limited has 3 board changes on record since 2012: 3 appointments. The latest: Neeraj Kumar was appointed as Director on 16 May 2012.
Credit Ratings, Litigation & Regulatory Alerts for Sapphire 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 Sapphire 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 Sapphire 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 Sapphire Forex Private Limited
Sapphire Forex has 10 GST registrations: 10 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AARCS4692L1ZI | Haryana | Active | 01 Jul 2017 |
| 06AARCS4692L2ZH | Haryana | Active | 13 Feb 2020 |
| 08AARCS4692L1ZE | Rajasthan | Active | 14 Jul 2017 |
| 08AARCS4692L2ZD | Rajasthan | Active | 05 Dec 2017 |
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 Sapphire 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 Sapphire Forex Private Limited
Sapphire Forex is an active private limited company based in Gurgaon, Haryana, India. The company works in forex services, within the financial services industry. It was incorporated on 16 May 2012 (14+ years old) and is registered under CIN U74900HR2012PTC045960.
Sapphire Forex reported revenue of ₹380.86 Cr for FY 2025 (down 80% YoY).
Sapphire Forex has 3 current directors:
- Nisha Rani - Director
- Pushpa - Director
- Neeraj Kumar - Director
Sapphire Forex reported a net profit of ₹30.82 Lakh (net margin 0.1%) and EBITDA of ₹74.08 Lakh (EBITDA margin 0.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sapphire Forex is -30% over three years and -13% over five years. In the latest year (FY 2025) revenue fell 80%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sapphire Forex is 06AARCS4692L1ZI, registered in Haryana. The company has 10 GST registrations in all, of which 10 are active. Other active GSTINs include 06AARCS4692L2ZH (Haryana), 08AARCS4692L1ZE (Rajasthan), 08AARCS4692L2ZD (Rajasthan).
The CIN (Corporate Identification Number) of Sapphire Forex is U74900HR2012PTC045960. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sapphire Forex has 4 court cases on record: 1 filed by the company and 3 filed against it. 1 is pending.
Sapphire Forex was incorporated on 16 May 2012, making it 14+ years old. It is registered with the Registrar of Companies, Delhi.
Sapphire Forex has 4 deals on record (3 rights issues, 1 funding round), with disclosed funding of ₹29 Lakh; the latest was in March 2022.
The peers of Sapphire Forex by revenue are Laxmii Forex Limited, Rnfi Money Private Limited, 7Janpath Forex Private Limited, Ruhi Forex Private Limited, Ashiva Forex Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).