About Solitaire Forex Private Limited
Data last updated:
Solitaire Forex Private Limited is a private limited company based in Rajkot, Gujarat, India. It operates in the forex services segment of the financial services sector. It was incorporated on 02 December 2010 and has been in existence for over 16 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67190GJ2010PTC063120. The company has 1 GST registration on record, which is no longer active.
The company has an authorised share capital of ₹20 Lakh and a paid-up capital of ₹18.5 Lakh. It is led by directors Tejas Subhashbhai Thakar and Gaurav Bhatt.
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 Rajkot, Gujarat.
As per the financials filed for FY 2025, the company reported a revenue of ₹4.82 Lakh, a decline of 99% compared to the previous year. For the same year it recorded a net loss of ₹5,018 (net margin -1%) and EBITDA of ₹4.15 Lakh (EBITDA margin 86.1%). Revenue has declined at a compounded annual rate (CAGR) of 70% over three years and 68% over five years.
As per MCA filings, the company has open charges of ₹80 Lakh and satisfied charges of ₹1.12 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website solitaireforex.com.
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- Registered Address1 Shubham Complex Opp. Kamani Telecom Sardar Nagar Main Road Off. Dr. Yagnik, Road, Rajkot, Gujarat, India – 360001
- 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
Financials of Solitaire Forex Private Limited FY 2025 filings available
Solitaire Forex Private Limited reported revenue of ₹4.82 Lakh (down 99% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Solitaire Forex Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 68% over five years, including a 99% fall in the latest year. EBITDA fell 61% 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 Solitaire 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 | ₹4.15 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹5,018 | •••• | •••• | •••• | •••• |
| 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 Solitaire Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 86.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -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 Solitaire 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 Solitaire Forex Private Limited
Solitaire 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 |
|---|---|---|---|---|---|---|
| Bhawani Traders Limited | ₹5.53 Lakh (FY 2025) | •••• | •••• | -38.0% | •••• | Punjab, India |
| Andheri Forex Private Limited | ₹5.41 Lakh (FY 2019) | •••• | •••• | 454.0% | •••• | Mumbai, Maharashtra, India |
| Aagna Travels and Money Changer Private Limited | ₹5.25 Lakh (FY 2022) | •••• | •••• | 32.0% | •••• | Chennai, Tamil Nadu, India |
| Varda Forex Private Limited | ₹5.03 Lakh (FY 2024) | •••• | •••• | -88.0% | •••• | Ahmedabad, Gujarat, India |
| Kingfisher Forex Private Limited | ₹5 Lakh (FY 2025) | •••• | •••• | 136.0% | •••• | Nagpur, Maharashtra, India |
| Solitaire Forex Private Limited this company | ₹4.82 Lakh (FY 2025) | •••• | •••• | -99.0% | •••• | Rajkot, Gujarat, India |
| Greenback Consultants and Advisors Private Limited | ₹4.67 Lakh (FY 2019) | •••• | •••• | -24.0% | •••• | Mumbai, Maharashtra, India |
| RPS India Travels Forex Private Limited | ₹4.49 Lakh (FY 2025) | •••• | •••• | 5315.0% | •••• | Siwan, Bihar, India |
| Namdhari Forex Private Limited | ₹4.43 Lakh (FY 2025) | •••• | •••• | 40.0% | •••• | New Delhi, Delhi, India |
| Siddhanam Forex Private Limited | ₹4.31 Lakh (FY 2024) | •••• | •••• | 167.0% | •••• | New Delhi, Delhi, India |
| Dar Retail Private Limited | ₹4.29 Lakh (FY 2025) | •••• | •••• | 2.0% | •••• | Hyderabad, Telangana, India |
Peers are the five companies nearest above and the five nearest below Solitaire 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 Solitaire Forex Private Limited
Solitaire Forex Private Limited is audited by KISHORSINH CHAUHAN & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KISHORSINH CHAUHAN & 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 Solitaire Forex Private Limited
Solitaire Forex has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Tejas Subhashbhai Thakar | Director | 02 Dec 2010 | 15 Years 10 Months | Current |
| Gaurav Bhatt | Director | 22 Feb 2023 | 3 Years 7 Months | Current |
Ownership and Shareholding of Solitaire 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 Solitaire Forex Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 07 Feb 2018 | Others | ₹80 Lakh | Satisfied |
| 14 Sep 2015 | Indian Overseas Bank | ₹32 Lakh | Satisfied |
Total charge records: 2 View all charges
Employees and EPFO Compliance at Solitaire Forex Private Limited
Employment history and EPFO contributions of people linked to Solitaire 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 Solitaire Forex Private Limited
Solitaire Forex Private Limited has 4 board changes on record since 2010: 2 appointments and 2 cessations. The latest: Gaurav Bhatt ceased to be Additional Director on 29 Sep 2023.
1 earlier event is listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Solitaire 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 Solitaire 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 Solitaire 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 Solitaire Forex Private Limited
Solitaire Forex has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
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 Solitaire 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 Solitaire Forex Private Limited
Solitaire Forex is an active private limited company based in Rajkot, Gujarat, India. The company works in forex services, within the financial services industry. It was incorporated on 02 December 2010 (16+ years old) and is registered under CIN U67190GJ2010PTC063120.
Solitaire Forex reported revenue of ₹4.82 Lakh for FY 2025 (down 99% YoY).
Solitaire Forex has 2 current directors:
- Tejas Subhashbhai Thakar - Director
- Gaurav Bhatt - Director
Solitaire Forex reported a net loss of ₹5,018 (net margin -1%) and EBITDA of ₹4.15 Lakh (EBITDA margin 86.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Solitaire Forex is -70% over three years and -68% over five years. In the latest year (FY 2025) revenue fell 99%. CAGR is the steady yearly rate that links the first and the last year.
No. Solitaire Forex has 1 GST registration on record and it is cancelled or inactive.
The CIN (Corporate Identification Number) of Solitaire Forex is U67190GJ2010PTC063120. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solitaire Forex was incorporated on 02 December 2010, making it 16+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Solitaire Forex by revenue are Bhawani Traders Limited, Andheri Forex Private Limited, Aagna Travels and Money Changer Private Limited, Varda Forex Private Limited, Kingfisher Forex Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Gaurav Bhatt ceased to be Additional Director on 29 Sep 2023. Gaurav Bhatt was appointed as Director on 22 Feb 2023. Subhashchandra Bhanuprasad Thaker ceased to be Director on 16 Dec 2022. Solitaire Forex has 4 board changes on record in total.
Solitaire Forex can be reached through the website solitaireforex.com. Its registered office is in Rajkot, Gujarat, India.