Solnet Forex Services Private Limited
About Solnet Forex Services Private Limited
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Solnet Forex Services Private Limited is a private limited company based in Sadar, Tripura, India. It operates in the financial auxiliary services segment of the financial services sector. It was incorporated on 09 November 2018 and has been in existence for over 8 years.
The company is registered with the Registrar of Companies (ROC), Guwahati, under CIN U67190TR2018PTC013609. Its GSTIN is 16ABBCS1207Q1Z8 (Tripura).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Mati Debnath and Naibedya Dasgupta.
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 Sadar, Tripura.
As per the financials filed for FY 2025, the company reported a revenue of ₹36.28 Lakh, a growth of 9% compared to the previous year. For the same year it recorded a net profit of ₹31,171 (net margin 0.9%) and EBITDA of ₹43,153 (EBITDA margin 1.2%). Revenue has grown at a compounded annual rate (CAGR) of 145% over three years and 245% over five years.
Company details
Contact details
Solnet Forex Services Private Limited's registered office is in Sadar, Tripura. Its e-mail address is in the company report.
- Email
- Registered AddressSourastra Hotel 1st Floor Opp Sreeleathers, Near Hawkers Corner H.G.B. Road, Sadar, Tripura, India – 799001
- IndustryFinancial Services, Auxiliary To Financial Intermediatory
To see the full contact details of Solnet Forex Services Private Limited, buy the company report.
- 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
Business activity
The main business activity of Solnet Forex Services 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 Solnet Forex Services Private Limited, buy the company report.
Financials of Solnet Forex Services Private Limited
FY 2025 filings availableSolnet Forex Services Private Limited reported revenue of ₹36.28 Lakh (up 9% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 245% over five years, including 9% growth in the latest year. EBITDA rose 23% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA | ₹43,153 | ||||
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| Net Profit (PAT) | ₹31,171 | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 1.2% | ||||
| Net Profit Margin | 0.9% | ||||
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To see the full financial statements and ratios of Solnet Forex Services Private Limited, buy the company report.
Board of directors of Solnet Forex Services Private Limited
Solnet Forex Services has 2 current directors and 3 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mati Debnath | Director | 09 Nov 2018 | 7 Years 11 Months | Current |
| Naibedya Dasgupta | Director | 05 Apr 2019 | 7 Years 6 Months | Current |
Peer comparison
Solnet Forex Services Private Limited is compared with the 8 companies closest to it by revenue in the BFSI industry (Forex 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 |
|---|---|---|---|---|---|---|
| Zabarwan Forex Services Private Limited | ₹44.41 Lakh (FY 2025) | -49.0% | Srinagar, Jammu and Kashmir, India | |||
| Ekant Forex Services Private Limited | ₹38.62 Lakh (FY 2025) | -22.0% | New Delhi, Delhi, India | |||
| Ashish Forex Services Private Limited | ₹37.79 Lakh (FY 2025) | 1.0% | Mathura, Uttar Pradesh, India | |||
| Swap Forex Services India Private Limited | ₹36.59 Lakh (FY 2025) | -26.0% | Kochi, Kerala, India | |||
| Solnet Forex Services Private Limitedthis company | ₹36.28 Lakh (FY 2025) | ₹31,171 | 0.9% | 9.0% | Sadar, Tripura, India | |
| Coinex Forex Services Private Limited | ₹28.83 Lakh (FY 2025) | -25.0% | Chennai, Tamil Nadu, India | |||
| NR Forex Services Private Limited | ₹28.07 Lakh (FY 2025) | -5.0% | Vadodara, Gujarat, India | |||
| Al-Amin Forex Services Private Limited | ₹15.93 Lakh (FY 2023) | Mumbai, Maharashtra, India | ||||
| Lunia Forex Services Private Limited | ₹15.84 Lakh (FY 2025) | -42.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Solnet Forex Services Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Solnet Forex Services 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 Solnet Forex Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Solnet Forex Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 16ABBCS1207Q1Z8 | Tripura | Active | 16 Mar 2021 |
To see the full GST registrations and return filing status of Solnet Forex Services Private Limited, buy the company report.
Recent activity
Solnet Forex Services Private Limited has 5 board changes on record since 2018: 2 appointments and 3 cessations. The latest: Naibedya Dasgupta ceased to be Additional Director on 29 Sep 2022.
Frequently asked questions
Solnet Forex Services is an active private limited company based in Sadar, Tripura, India. The company works in auxiliary to financial intermediatory, within the financial services industry. It was incorporated on 09 November 2018 (8+ years old) and is registered under CIN U67190TR2018PTC013609.
Solnet Forex Services has 2 current directors:
- Mati Debnath - Director
- Naibedya Dasgupta - Director
The latest financial statements of Solnet Forex Services 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 FY 2019 are in the company report.
The GSTIN of Solnet Forex Services is 16ABBCS1207Q1Z8, registered in Tripura.
The CIN (Corporate Identification Number) of Solnet Forex Services is U67190TR2018PTC013609. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Solnet Forex Services was incorporated on 09 November 2018, making it 8+ years old. It is registered with the Registrar of Companies, Guwahati.
The peers of Solnet Forex Services by revenue are Zabarwan Forex Services Private Limited, Ekant Forex Services Private Limited, Ashish Forex Services Private Limited, Swap Forex Services India Private Limited, Coinex Forex Services Private Limited and 3 more, all in the BFSI industry (Forex Services), with the same principal business activity (other financial activities).
Naibedya Dasgupta ceased to be Additional Director on 29 Sep 2022. Dilip Debnath ceased to be Director on 23 Aug 2019. Litan Debnath ceased to be Director on 23 Aug 2019. Solnet Forex Services has 5 board changes on record in total.
The registered office of Solnet Forex Services is at Sourastra Hotel 1st Floor Opp Sreeleathers, Near Hawkers Corner H.G.B. Road, Sadar, Tripura, India – 799001.
Solnet Forex Services operates in the financial services industry, in the auxiliary to financial intermediatory segment.
Solnet Forex Services can be reached at its registered office: Sourastra Hotel 1st Floor Opp Sreeleathers, Near Hawkers Corner H.G.B. Road, Sadar, Tripura, India – 799001.