MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-PB-01-0012653
Sethi Forex Private Limited
Sethi Forex Private Limited - financial services in Amritsar, Punjab, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹8.14 Cr
▲ 21% YoY
Net profit · FY 2024
₹67,000
Net margin 0.1%
EBITDA · FY 2024
₹1.76 Lakh
EBITDA margin 0.2%
Authorised capital
₹32 Lakh
Registered with MCA
Paid-up capital
₹32 Lakh
Issued & subscribed
Open charges
₹10 Lakh
Secured borrowings
Company age
18 yrs
Est. 2008
Directors on board
2
As per MCA filings
About Sethi Forex Private Limited
Data last updated:
Sethi Forex Private Limited is a private limited company based in Amritsar, Punjab, India. It operates in the forex services segment of the financial services sector. It was incorporated on 07 April 2008 and has been in existence for over 18 years.
The company is registered with the Registrar of Companies (ROC), Chandigarh, under CIN U65990PB2008PTC031820. Its GSTIN is 03AALCS8535Q1ZM (Punjab).
The company has an authorised share capital of ₹32 Lakh and a paid-up capital of ₹32 Lakh. It is led by directors Gurmeet Sethi Kaur and Kulwant Singh Sethi.
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 55 – Link Road Krishna Market Shop No. 1, Amritsar, Punjab, India – 143001.
As per the financials filed for FY 2024, the company reported a revenue of ₹8.14 Cr, a growth of 21% compared to the previous year. For the same year it recorded a net profit of ₹67,000 (net margin 0.1%) and EBITDA of ₹1.76 Lakh (EBITDA margin 0.2%). Revenue has declined at a compounded annual rate (CAGR) of 49% over three years and 1% over five years.
As per MCA filings, the company has open charges of ₹10 Lakh on record.
Sethi Forex Private Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-PB-01-0012653). The current compliance status is marked as compliant by the Registrar of Companies.
Company details
CIN U65990PB2008PTC031820
Registration Number 031820
Incorporation Date 07 April 2008
ROC Chandigarh
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Small
Udyam Registration UDYAM-PB-01-0012653
Recognitions & Rankings of Sethi Forex
Contact details
Sethi Forex Private Limited's registered office is in Amritsar, Punjab. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered Address55 – Link Road Krishna Market Shop No. 1, Amritsar, Punjab, India – 143001
- IndustryFinancial Services, Forex Services
To see the full contact details of Sethi Forex Private Limited, buy the company report.
Comprehensive company report
Sethi Forex Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Business activity
The main business activity of Sethi Forex 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 Sethi Forex Private Limited, buy the company report.
Financials of Sethi Forex Private Limited
FY 2025 filings availableSethi Forex Private Limited reported revenue of ₹8.14 Cr (up 21% YoY) for FY 2024.
Revenue · FY 2024
₹8.14 Cr ▲ 21%
Net profit · FY 2024
₹67,000 margin 0.1%
EBITDA · FY 2024
₹1.76 Lakh margin 0.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 21%
3 years · compounded
▲ 49%
5 years · compounded
▼ 1%
EBITDA CAGR growth
1 year
▲ 19%
3 years · compounded
▲ 37%
5 years · compounded
▲ 6%
Revenue rose 21% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 1%. EBITDA rose 19% 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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| Total Expenses | |||||
| EBITDA | ₹1.76 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | ₹67,000 | ||||
| Balance Sheet | |||||
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Financial Ratios
| 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) | |||||
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| Payable Days | |||||
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To see the full financial statements and ratios of Sethi Forex Private Limited, buy the company report.
Board of directors of Sethi Forex Private Limited
Sethi Forex 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 |
|---|---|---|---|---|
| Kulwant Singh Sethi | Additional Director | 01 Apr 2022 | 4 Years 6 Months | Current |
| Gurmeet Sethi Kaur | Director | 07 Apr 2008 | 18 Years 6 Months | Current |
Peer comparison
Sethi Forex Private Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (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 |
|---|---|---|---|---|---|---|
| Paul Forex Limited | ₹8.23 Cr (FY 2025) | 38.0% | Jalandhar, Punjab, India | |||
| Cross Line Forex Private Limited | ₹8.21 Cr (FY 2023) | Chennai, Tamil Nadu, India | ||||
| Cnmoney Financial Services Private Limited | ₹8.21 Cr (FY 2025) | -19.0% | Hyderabad, Telangana, India | |||
| Sky and Sky Forex Private Limited | ₹8.19 Cr (FY 2025) | -49.0% | Chennai, Tamil Nadu, India | |||
| Shakti Forex Private Limited | ₹8.18 Cr (FY 2025) | -18.0% | New Delhi, Delhi, India | |||
| Sethi Forex Private Limitedthis company | ₹8.14 Cr (FY 2024) | ₹67,000 | 0.1% | 21.0% | Amritsar, Punjab, India | |
| Raj Forex Services Private Limited | ₹8.13 Cr (FY 2025) | -4.0% | Punjab, India | |||
| Aps Forex Services Private Limited | ₹8.12 Cr (FY 2024) | 21.0% | New Delhi, Delhi, India | |||
| Harish Forex Services Private Limited | ₹8.05 Cr (FY 2025) | -25.0% | Jaipur, Rajasthan, India |
To see the full peer comparison of Sethi Forex Private Limited, buy the company report.
Auditor
Sethi Forex Private Limited is audited by V. WADHWA & ASSOCIATES for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| V. WADHWA & ASSOCIATES | FY 2023 | 040225N |
Shareholding
The shareholding of Sethi Forex 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 Sethi Forex Private Limited, buy the company report.
Charges & borrowings
Open charges
₹10 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 02 Sep 2009 | 10180514 | Indian Bank | ₹10 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Sethi Forex 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 Sethi Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Sethi Forex has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AALCS8535Q1ZM | Punjab | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Sethi Forex Private Limited, buy the company report.
Recent activity
Sethi Forex Private Limited has 4 board changes on record since 2008: 2 appointments and 2 cessations. The latest: Jaskirat Singh Sethi ceased to be Additional Director on 05 Apr 2022.
AGM
Sethi Forex Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Sethi Forex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Chandigarh.
Ceased
Jaskirat Singh Sethi ceased to be Additional Director.
Appointed
Kulwant Singh Sethi was appointed as Additional Director.
Ceased
Kulwant Singh Sethi ceased to be Managing Director.
Charges
A charge with Indian Bank amounted to Rs. 10.00 Lakh with Charge ID 10180514 was registered on 02 Sep 2009.
Appointed
Gurmeet Sethi Kaur was appointed as Director.
Incorporation
07 Apr 2008
Sethi Forex Private Limited was registered on 07 Apr 2008 with Roc Chandigarh & aged 18 years 6 months as per MCA records.
Frequently asked questions
Sethi Forex is an active private limited company based in Amritsar, Punjab, India. The company works in forex services, within the financial services industry. It was incorporated on 07 April 2008 (18+ years old) and is registered under CIN U65990PB2008PTC031820.
Sethi Forex has 2 current directors:
- Kulwant Singh Sethi - Additional Director
- Gurmeet Sethi Kaur - Director
The latest financial statements of Sethi Forex on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of Sethi Forex is 03AALCS8535Q1ZM, registered in Punjab.
The CIN (Corporate Identification Number) of Sethi Forex is U65990PB2008PTC031820. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Sethi Forex was incorporated on 07 April 2008, making it 18+ years old. It is registered with the Registrar of Companies, Chandigarh.
The peers of Sethi Forex by revenue are Paul Forex Limited, Cross Line Forex Private Limited, Cnmoney Financial Services Private Limited, Sky and Sky Forex Private Limited, Shakti Forex Private Limited and 3 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Jaskirat Singh Sethi ceased to be Additional Director on 05 Apr 2022. Kulwant Singh Sethi was appointed as Additional Director on 01 Apr 2022. Kulwant Singh Sethi ceased to be Managing Director on 12 Dec 2020. Sethi Forex has 4 board changes on record in total.
Yes, Sethi Forex is registered as a small enterprise under Udyam registration (number: UDYAM-PB-01-0012653).
The registered office of Sethi Forex is at 55 – Link Road Krishna Market Shop No. 1, Amritsar, Punjab, India – 143001.
Sethi Forex operates in the financial services industry, in the forex services segment.