About TC Forex Services Limited
Data last updated:
TC Forex Services Limited was a public limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Tata Capital Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the forex services segment of the financial services sector. It was incorporated on 07 November 2006.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U65921MH2006PLC238745. Its GSTIN is 06AACCT6156D1ZI (Haryana). The company held 10 GST registrations, all of them active.
The company had an authorised share capital of ₹20 Cr and a paid-up capital of ₹11.85 Cr. It was formerly known as T T Holdings & Services Limited and Tc Foreign Exchange Limited. It was led by directors including Debasis Bikash Nandy and Mahesh Chandran Iyer.
Its last annual general meeting (AGM) was held on 06 August 2019, and its latest financial statements are for the year ended 31 March 2019. The registered office was at 324 Dr. D.N. Road Fort Mumbai, Maharashtra, India – 400001.
As per the financials filed for FY 2019, the company reported a revenue of ₹12.99 Cr, a decline of 14% compared to the previous year. For the same year it recorded a net profit of ₹40.23 Lakh (net margin 3.1%) and EBITDA of ₹3.35 Cr (EBITDA margin 25.8%). Revenue has declined at a compounded annual rate (CAGR) of 10% over three years.
The company had about 67 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 1 brand: Tata Capital. As per MCA filings, the company had satisfied charges of ₹45.95 Cr on record. Court records list 2 cases involving the company, including 2 filed by the company. The company has 6 deals on record (3 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹8 Cr; the latest was in December 2017. Its 10 peer companies in the BFSI industry (Forex Services, Money Exchange Services) are compared by revenue, 5 larger and 5 smaller; the largest is Bittu Forex Private Limited with revenue of ₹13.21 Cr.
The last known website on record is tcforex.co.in.
Name History of TC Forex Services Limited
TC Forex Services has undergone 8 name changes throughout its history. The current legal name is Tc Forex Services Limited.
| Company Name | Status |
|---|---|
| TC Forex Services Limited | Current |
| T T Holdings & Services Limited | Previous |
| Tc Foreign Exchange Limited | Previous |
| Tata Capital Forex Limited | Previous |
| Tc Forex Limited | Previous |
| T T Holdings & Services Private Limited | Previous |
| Tc Forex And Services Limited | Previous |
| Tc Foreign Exchange Services Limited | Previous |
CIN History of TC Forex Services Limited
TC Forex Services has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U65921MH2006PLC238745, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65921MH2006PLC238745 | Current |
| U65921TN2006PLC061442 | Previous |
| U65921TN2006PTC061442 | Previous |
- EmailLocked
- TelephoneLocked
- Website
- Social MediaLocked
- Registered Address324 Dr. D.N. Road Fort Mumbai, Maharashtra, India – 400001
- 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
Associated Brands with TC Forex Services Limited
TC Forex Services operates one associated brand: Tata Capital. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Diversified non-banking financial services are provided by Tata Capital. | tatacapital.com |
Business Activity of TC Forex Services Limited
The main business activity of TC Forex Services 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 TC Forex Services Limited FY 2019 filings available
TC Forex Services Limited reported revenue of ₹12.99 Cr (down 14% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR) of TC Forex Services Limited
Revenue has declined at a compounded annual rate (CAGR) of 10% over three years, including a 14% fall in the latest year. EBITDA rose 22% 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 TC Forex Services Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| 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 | ₹3.35 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹40.23 Lakh | •••• | •••• | •••• | •••• |
| 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 TC Forex Services Limited
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 25.8% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 3.1% | •••• | •••• | •••• | •••• |
| 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 TC Forex Services 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.
Board of Directors and KMP of TC Forex Services Limited
TC Forex Services Limited currently reports 3 directors and 1 key managerial person. 17 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Debasis Bikash Nandy Also directs: Jagson Pal Pharmaceuticals Limited., Traveljunkie Solutions Private Limited, TC Tours Limited and 4 more | Director | 30 Oct 2017 | 8 Years 11 Months | As last reported |
| Mahesh Chandran Iyer | Director | 30 Oct 2017 | 8 Years 11 Months | As last reported |
| Madhavan Menon Karunakaran Also directs: Sundrop Brands Limited, Cedar Management Consulting Private Limited, Isprava Vesta Private Limited and 1 more | Director | 30 Oct 2017 | 8 Years 11 Months | As last reported |
| Brijesh Sureshchandra Modi Also directs: Thomas Cook (India) Limited | Cfo | 01 Nov 2017 | 8 Years 11 Months | As last reported |
Peer Comparison of TC Forex Services Limited
TC Forex Services Limited is compared with the companies closest to it by revenue in the BFSI industry (Forex Services, 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 |
|---|---|---|---|---|---|---|
| Bittu Forex Private Limited | ₹13.21 Cr (FY 2025) | •••• | •••• | -46.0% | •••• | Khanna, Punjab, India |
| Rizz Forex & Travels Private Limited | ₹13.14 Cr (FY 2025) | •••• | •••• | -61.0% | •••• | Kolkata, West Bengal, India |
| Mallick & Sarkar Forex Private Limited | ₹13.09 Cr (FY 2025) | •••• | •••• | -30.0% | •••• | Bongaon, West Bengal, India |
| Primero Deal Forex Private Limited | ₹13.04 Cr (FY 2025) | •••• | •••• | -47.0% | •••• | Jalandhar, Punjab, India |
| Anamay Forex Private Limited | ₹13 Cr (FY 2025) | •••• | •••• | -9.0% | •••• | Indore, Madhya Pradesh, India |
| TC Forex Services Limited this company | ₹12.99 Cr (FY 2019) | •••• | •••• | -14.0% | •••• | Mumbai, Maharashtra, India |
| SRJK Forex Private Limited | ₹12.98 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Delhi, India |
| Fancy Forex Private Limited | ₹12.96 Cr (FY 2025) | •••• | •••• | -71.0% | •••• | Kolkata, West Bengal, India |
| Sukriti Forex and Travel Private Limited | ₹12.91 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Bangalore, Karnataka, India |
| Shiv Shakti Trademart Private Limited | ₹12.88 Cr (FY 2023) | •••• | •••• | 50.0% | •••• | Barnala, Punjab, India |
| Gupta Forex Private Limited | ₹12.87 Cr (FY 2025) | •••• | •••• | -42.0% | •••• | Barnala, Punjab, India |
Peers are the five companies nearest above and the five nearest below TC Forex Services by revenue in the BFSI industry (Forex Services, 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 TC Forex Services Limited
TC Forex Services Limited is audited by B S R & Co. LLP for the financial year 2018.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| B S R & Co. LLP | 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.
Ownership and Shareholding of TC Forex Services 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 TC Forex Services Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 08 Nov 2012 | Hdfc Bank Limited | ₹10 Cr | Satisfied |
| 20 Oct 2010 | Indusind Bank Ltd. | ₹25 Cr | Satisfied |
| 24 Apr 2009 | City Union Bank Limited | ₹60 Lakh | Satisfied |
| 27 Dec 2007 | Centurion Bank of Punjab Limited | ₹10.35 Cr | Satisfied |
Total charge records: 4 View all charges
Deals & Funding of TC Forex Services Limited
TC Forex Services Limited has 6 deals on record (3 secondary share transfers, 2 rights issues, 1 funding round), with disclosed funding of ₹8 Cr; the latest was in December 2017.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Dec 2017 | Rights issue | ₹1 Cr | Investors: Thomas Cook (India) Limited |
| Oct 2017 | Secondary share transfer | Undisclosed | Buyer: Thomas Cook (India) Limited , Thomas Cook (India) Limited & Abraham Alapatt, Thomas Cook (India) Limited & Amit Madhan Seller: Tata Capital Limited , Tata Capital Limited & Kamlesh Mansukhlal Parekh, Tata Capital Limited & Govind Kalath Mambali Sankaranaryanan |
| Oct 2016 | Rights issue | ₹50 Lakh | Investors: Tata Capital Limited |
| Aug 2010 | Funding round | ₹8 Cr | Investors: Tata Capital Limited |
| Aug 2010 | Secondary share transfer | Undisclosed | Buyer: Tata Capital Limited , Tata Capital Limited & Avijit Arun Bhattacharya, Tata Capital Limited & Kamlesh Mansukhlal Parekh Seller: 2 individuals |
Full deal history
All 6 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of TC Forex Services Limited
TC Forex Services Limited has 2 court cases on record: 2 filed by TC Forex Services. All cases are disposed. Status as checked on 21 Sep 2026.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 2 | 0 | 0 |
Cases on record (2 of 2)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Madras High Court | Interim or miscellaneous application | Filed by the company against an individual | Disposed |
| Madras High Court | Appeal | Filed by the company against an individual | Disposed |
Full case history
All 2 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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.
Employees and EPFO Compliance at TC Forex Services Limited
TC Forex Services Limited has a workforce of 67 employees as of Mar 29, 2024.
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 TC Forex Services Limited
TC Forex Services Limited has 18 board changes on record since 2010: 4 appointments and 14 cessations. The latest: Debasis Bikash Nandy ceased to be Additional Director on 24 Sep 2018.
19 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for TC Forex Services 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 TC Forex Services 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 TC Forex Services 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 TC Forex Services Limited
TC Forex Services has 10 GST registrations: 10 active. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 06AACCT6156D1ZI | Haryana | Active | 01 Jul 2017 |
| 07AACCT6156D1ZG | Delhi | Active | 01 Jul 2017 |
| 08AACCT6156D1ZE | Rajasthan | Active | 01 Jul 2017 |
| 20AACCT6156D1ZS | Jharkhand | Active | 01 Jul 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 TC Forex Services 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 TC Forex Services Limited
TC Forex Services has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
TC Forex Services was a public limited company based in Mumbai, Maharashtra, India. The company worked in forex services, within the financial services industry. It was incorporated on 07 November 2006 and is registered under CIN U65921MH2006PLC238745. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
TC Forex Services was incorporated on 07 November 2006. It is registered with the Registrar of Companies, Mumbai.
TC Forex Services had 4 directors and KMP:
- Debasis Bikash Nandy - Director
- Mahesh Chandran Iyer - Director
- Madhavan Menon Karunakaran - Director
- Brijesh Sureshchandra Modi - Cfo
The CIN (Corporate Identification Number) of TC Forex Services is U65921MH2006PLC238745. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of TC Forex Services is at 324 Dr. D.N. Road Fort Mumbai, Maharashtra, India – 400001.
TC Forex Services can be reached through the website tcforex.co.in. Its registered office is in Mumbai, Maharashtra, India.
TC Forex Services reported revenue of ₹12.99 Cr for FY 2019 (down 14% YoY).
TC Forex Services has an authorised share capital of ₹20 Cr and a paid-up capital of ₹11.85 Cr.
TC Forex Services reported a net profit of ₹40.23 Lakh (net margin 3.1%) and EBITDA of ₹3.35 Cr (EBITDA margin 25.8%) for FY 2019, as per its filed financial statements.
The GSTIN of TC Forex Services is 06AACCT6156D1ZI, registered in Haryana. The company has 10 GST registrations in all, of which 10 are active. Other active GSTINs include 07AACCT6156D1ZG (Delhi), 08AACCT6156D1ZE (Rajasthan), 20AACCT6156D1ZS (Jharkhand).