About Synergy Forex Private Limited
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Synergy Forex Private Limited is a private limited company based in New Delhi, Delhi, India. It operates in the forex services segment of the financial services sector. It was incorporated on 25 September 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U67190DL2013PTC258391. Its GSTIN is 03AATCS6491D1Z2 (Punjab). The company holds 7 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹57.5 Lakh and a paid-up capital of ₹57.5 Lakh. It is led by directors Vikas Kapoor and Rajesh Chandok.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office is at H.No.16/9 – B S/F Tilak Nagar, New Delhi, Delhi, India – 110018.
As per the financials filed for FY 2023, the company reported a revenue of ₹3.73 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹5.29 Lakh (net margin 1.4%) and EBITDA of ₹9.3 Lakh (EBITDA margin 2.5%). Revenue has declined at a compounded annual rate (CAGR) of 62% over three years and 49% over five years.
As per MCA filings, the company has satisfied charges of ₹37.83 Lakh on record. Court records list 5 cases involving the company, including 5 filed against it; 2 cases are pending.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website thesynergyforex.com.
Company details
Contact details
Synergy Forex Private Limited's registered office is in New Delhi, Delhi. Its website is thesynergyforex.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressH.No.16/9 – B S/F Tilak Nagar, New Delhi, Delhi, India – 110018
- IndustryFinancial Services, Forex Services, NBFC
To see the full contact details of Synergy Forex 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 Synergy 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 Synergy Forex Private Limited, buy the company report.
Financials of Synergy Forex Private Limited
FY 2023 filings availableSynergy Forex Private Limited reported revenue of ₹3.73 Cr (up 415% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 415% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 49%. EBITDA rose 88% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| EBITDA | ₹9.3 Lakh | ||||
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| Net Profit (PAT) | ₹5.29 Lakh | ||||
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Financial Ratios
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
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| Profitability | |||||
| EBITDA Margin | 2.5% | ||||
| Net Profit Margin | 1.4% | ||||
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To see the full financial statements and ratios of Synergy Forex Private Limited, buy the company report.
Board of directors of Synergy Forex Private Limited
Synergy Forex has 2 current directors and 5 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vikas Kapoor | Director | 28 Aug 2018 | 8 Years 1 Months | Current |
| Rajesh Chandok Also directs: SJM Tour and Travels Private Limited | Director | 25 Sep 2013 | 13 Years 1 Months | Current |
Peer comparison
Synergy 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 |
|---|---|---|---|---|---|---|
| Kundra Forex Private Limited | ₹3.87 Cr (FY 2025) | -46.0% | Punjab, India | |||
| Tunes Foreign Currency Dealers Private Limited | ₹3.86 Cr (FY 2024) | 678.0% | Ernad, Kerala, India | |||
| Hamdaan Travels Private Limited | ₹3.79 Cr (FY 2025) | -60.0% | Kolkata, West Bengal, India | |||
| Netfx Forex Private Limited | ₹3.77 Cr (FY 2025) | -52.0% | Mandya, Karnataka, India | |||
| Cloudsway Forex Private Limited | ₹3.74 Cr (FY 2025) | -27.0% | Bathinda, Punjab, India | |||
| Synergy Forex Private Limitedthis company | ₹3.73 Cr (FY 2023) | ₹5.29 Lakh | 1.4% | 415.0% | New Delhi, Delhi, India | |
| S.M.P.Forex Private Limited | ₹3.73 Cr (FY 2024) | 38.0% | Chennai, Tamil Nadu, India | |||
| H P Forex Private Limited | ₹3.72 Cr (FY 2025) | 926.0% | Punjab, India | |||
| Kahol Merchant Private Limited | ₹3.67 Cr (FY 2025) | -37.0% | Mukerian, Punjab, India |
To see the full peer comparison of Synergy Forex Private Limited, buy the company report.
Auditor
Synergy Forex Private Limited is audited by ADITYA S JAIN AND COMPANY for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| ADITYA S JAIN AND COMPANY | FY 2022 | 021994N |
Shareholding
The shareholding of Synergy Forex Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Synergy Forex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 21 Oct 2019 | 100311566 | Axis Bank Limited | ₹37.83 Lakh | Satisfied |
To see the full charge records of Synergy Forex Private Limited, buy the company report.
Total charge records: 1 View all charges
Legal cases
Synergy Forex Private Limited has 5 court cases on record: 5 filed against it. 2 cases are pending and 3 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| District courts | 5 | 5 | 2 |
Cases on record (5 of 5)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, New Delhi, Delhi | Cheque dishonour complaint | Filed against the company by M/S Avanti Overseas Private Limited | Pending |
| District court, South West, Delhi | Cheque dishonour complaint | Filed against the company by HDFC Bank Ltd | Disposed |
| District court, Jaipur Metro II, Rajasthan | Court case (Complaint) | Filed against the company by M/S United Petro Finance Ltd | Pending |
| District court, Kanpur Nagar, Uttar Pradesh | Civil suit | Filed against the company by an individual | Disposed |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by individuals | Disposed |
To see the full case history of Synergy Forex Private Limited, buy the company report.
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.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Synergy Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Synergy Forex has 7 GST registrations: 1 active and 6 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 03AATCS6491D1Z2 | Punjab | Active | 04 Aug 2017 |
To see the full GST registrations and return filing status of Synergy Forex Private Limited, buy the company report.
Recent activity
Synergy Forex Private Limited has 7 board changes on record since 2013: 2 appointments and 5 cessations. The latest: Shipra Chandok ceased to be Additional Director on 15 Mar 2021.
Frequently asked questions
Synergy Forex is an active private limited company based in New Delhi, Delhi, India. The company works in forex services, within the financial services industry. It was incorporated on 25 September 2013 (13+ years old) and is registered under CIN U67190DL2013PTC258391.
Synergy Forex has 2 current directors:
- Vikas Kapoor - Director
- Rajesh Chandok - Director
The latest financial statements of Synergy Forex on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 30 September 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Synergy Forex is 03AATCS6491D1Z2, registered in Punjab. The company has 7 GST registrations in all, of which 1 is active and 6 are cancelled or inactive.
The CIN (Corporate Identification Number) of Synergy Forex is U67190DL2013PTC258391. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Synergy Forex has 5 court cases on record: 5 filed against it. 2 are pending.
Synergy Forex was incorporated on 25 September 2013, making it 13+ years old. It is registered with the Registrar of Companies, Delhi.
The peers of Synergy Forex by revenue are Kundra Forex Private Limited, Tunes Foreign Currency Dealers Private Limited, Hamdaan Travels Private Limited, Netfx Forex Private Limited, Cloudsway Forex Private Limited and 3 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Shipra Chandok ceased to be Additional Director on 15 Mar 2021. Reema Duggal ceased to be Director on 08 Sep 2018. Shweta Duggal ceased to be Director on 08 Sep 2018. Synergy Forex has 7 board changes on record in total.
Synergy Forex can be reached through the website thesynergyforex.com. Its registered office is in New Delhi, Delhi, India.
The registered office of Synergy Forex is at H.No.169 – B SF Tilak Nagar, New Delhi, Delhi, India – 110018.