Sargam Forex Private Limited
About Sargam Forex Private Limited
Data last updated:
Sargam Forex Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the forex services segment of the financial services sector. It was incorporated on 13 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67100GJ2017PTC096852. Its GSTIN is 24AAYCS5087Q1Z4 (Gujarat).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Shreya Kiran Thakar and Kiran Ramanlal Thakar.
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 202 S.F. Aashka Floret Nr. Water Tank Sola Science City Road, Ahmedabad, Gujarat, India – 380060.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.61 Cr, a growth of 44% compared to the previous year. For the same year it recorded a net profit of ₹18,061 (net margin 0.1%) and EBITDA of ₹27,707 (EBITDA margin 0.2%). Revenue has declined at a compounded annual rate (CAGR) of 27% over three years and 5% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address202 S.F. Aashka Floret Nr. Water Tank Sola Science City Road, Ahmedabad, Gujarat, India – 380060
- 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 Sargam Forex Private Limited
The main business activity of Sargam 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 Sargam Forex Private Limited FY 2025 filings available
Sargam Forex Private Limited reported revenue of ₹1.61 Cr (up 44% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Sargam Forex Private Limited
Revenue rose 44% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 5%. EBITDA fell 21% 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 Sargam Forex 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 | ₹27,707 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹18,061 | •••• | •••• | •••• | •••• |
| 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 Sargam Forex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 Sargam Forex are in the company report.
Financial statements from FY 2018
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.
Board of Directors of Sargam Forex Private Limited
Sargam Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shreya Kiran Thakar | Director | 13 Apr 2017 | 9 Years 6 Months | Current |
| Kiran Ramanlal Thakar | Director | 13 Apr 2017 | 9 Years 6 Months | Current |
Peer Comparison of Sargam Forex Private Limited
Sargam 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 |
|---|---|---|---|---|---|---|
| A.P. Forex Private Limited | ₹1.63 Cr (FY 2025) | •••• | •••• | -30.0% | •••• | Mumbai, Maharashtra, India |
| Alpha Forex Private Limited | ₹1.62 Cr (FY 2025) | •••• | •••• | -41.0% | •••• | Chandigarh, India |
| Invitation Forex Private Limited | ₹1.62 Cr (FY 2025) | •••• | •••• | -39.0% | •••• | New Delhi, Delhi, India |
| New India Biopharma Private Limited | ₹1.62 Cr (FY 2025) | •••• | •••• | 47.0% | •••• | New Delhi, Delhi, India |
| Susheel Holidays and Forex Private Limited | ₹1.62 Cr (FY 2024) | •••• | •••• | 47.0% | •••• | Bangalore, Karnataka, India |
| Sargam Forex Private Limited this company | ₹1.61 Cr (FY 2024) | •••• | •••• | 44.0% | •••• | Ahmedabad, Gujarat, India |
| Mapkart Forex Private Limited | ₹1.6 Cr (FY 2025) | •••• | •••• | -45.0% | •••• | Vile Parle East, Maharashtra, India |
| Riti Forex Private Limited | ₹1.6 Cr (FY 2025) | •••• | •••• | -48.0% | •••• | Jaipur, Rajasthan, India |
| Yuva Polytech Private Limited | ₹1.56 Cr (FY 2024) | •••• | •••• | 36.0% | •••• | Ahmedabad, Gujarat, India |
| Southernland Forex and Services India Private Limited | ₹1.55 Cr (FY 2021) | •••• | •••• | -88.0% | •••• | Coimbatore, Tamil Nadu, India |
| Sprint Financial Consultants Limited | ₹1.53 Cr (FY 2020) | •••• | •••• | 159.0% | •••• | Jaipur, Rajasthan, India |
Peers are the five companies nearest above and the five nearest below Sargam 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.
Charges & Borrowings of Sargam Forex Private Limited
Sargam Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Sargam Forex Private Limited
Employment history and EPFO contributions of people linked to Sargam Forex.
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 Sargam Forex Private Limited
Sargam Forex Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Kiran Ramanlal Thakar was appointed as Director on 13 Apr 2017.
Credit Ratings, Litigation & Regulatory Alerts for Sargam 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 Sargam 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 Sargam 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 Sargam Forex Private Limited
Sargam Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAYCS5087Q1Z4 | Gujarat | Active | 20 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 Sargam 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 Sargam Forex Private Limited
Sargam Forex is an active private limited company based in Ahmedabad, Gujarat, India. The company works in forex services, within the financial services industry. It was incorporated on 13 April 2017 (9+ years old) and is registered under CIN U67100GJ2017PTC096852.
Sargam Forex reported revenue of ₹1.61 Cr for FY 2024 (up 44% YoY).
Sargam Forex has 2 current directors:
- Shreya Kiran Thakar - Director
- Kiran Ramanlal Thakar - Director
Sargam Forex reported a net profit of ₹18,061 (net margin 0.1%) and EBITDA of ₹27,707 (EBITDA margin 0.2%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Sargam Forex is 27% over three years and -5% over five years. In the latest year (FY 2024) revenue rose 44%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Sargam Forex is 24AAYCS5087Q1Z4, registered in Gujarat.
The CIN (Corporate Identification Number) of Sargam Forex is U67100GJ2017PTC096852. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sargam Forex was incorporated on 13 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Sargam Forex by revenue are A.P. Forex Private Limited, Alpha Forex Private Limited, Invitation Forex Private Limited, New India Biopharma Private Limited, Susheel Holidays and Forex Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Kiran Ramanlal Thakar was appointed as Director on 13 Apr 2017. Shreya Kiran Thakar was appointed as Director on 13 Apr 2017.
The registered office of Sargam Forex is at 202 S.F. Aashka Floret Nr. Water Tank Sola Science City Road, Ahmedabad, Gujarat, India – 380060.