Thakkar Foreign Exchange Private Limited
About Thakkar Foreign Exchange Private Limited
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Thakkar Foreign Exchange Private Limited is a private limited company based in Ahmedabad, Gujarat, India. It operates in the forex services segment of the financial services sector. It was incorporated on 20 March 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U65999GJ2017PTC096370.
The company has an authorised share capital of ₹26 Lakh and a paid-up capital of ₹26 Lakh. It is led by directors Bhavin Mahendrakumar Thakkar and Dineshkumar Shantilal Thakkar.
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 Ahmedabad, Gujarat.
As per the financials filed for FY 2024, the company reported a revenue of ₹3.5 Cr, reflecting significant growth compared to the previous year. For the same year it recorded a net profit of ₹43,341 (net margin 0.1%) and EBITDA of ₹58,041 (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 321% over three years and 290% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
Thakkar Foreign Exchange Private Limited's registered office is in Ahmedabad, Gujarat. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Registered AddressB/103 Sunshine Apptt. Nr Old Shardamandir Rly Crossing Ellisb, Ridge, Ahmedabad, Gujarat, India – 380006
- IndustryFinancial Services, Forex Services
To see the full contact details of Thakkar Foreign Exchange 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 Thakkar Foreign Exchange 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 Thakkar Foreign Exchange Private Limited, buy the company report.
Financials of Thakkar Foreign Exchange Private Limited
FY 2025 filings availableThakkar Foreign Exchange Private Limited reported revenue of ₹3.5 Cr (up 197% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 290% over five years, including 197% growth in the latest year. EBITDA rose 460% 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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| EBITDA | ₹58,041 | ||||
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| Net Profit (PAT) | ₹43,341 | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 0.2% | ||||
| Net Profit Margin | 0.1% | ||||
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To see the full financial statements and ratios of Thakkar Foreign Exchange Private Limited, buy the company report.
Board of directors of Thakkar Foreign Exchange Private Limited
Thakkar Foreign Exchange has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Bhavin Mahendrakumar Thakkar | Director | 20 Mar 2017 | 9 Years 7 Months | Current |
| Dineshkumar Shantilal Thakkar | Director | 20 Mar 2017 | 9 Years 7 Months | Current |
Peer comparison
Thakkar Foreign Exchange Private Limited is compared with the 4 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 |
|---|---|---|---|---|---|---|
| Unipay Forex Services Private Limited | ₹3.6 Cr (FY 2025) | -31.0% | Panchkula, Haryana, India | |||
| Jasmehar Global Links Private Limited | ₹3.57 Cr (FY 2024) | 489.0% | Bilaspur, Chhattisgarh, India | |||
| Thakkar Foreign Exchange Private Limitedthis company | ₹3.5 Cr (FY 2024) | ₹43,341 | 0.1% | 197.0% | Ahmedabad, Gujarat, India | |
| Aj Countrywide Forex Private Limited | ₹3.45 Cr (FY 2024) | 45.0% | Coimbatore, Tamil Nadu, India | |||
| Piu Travels & Forex Private Limited | ₹3.44 Cr (FY 2025) | 147.0% | Ranaghar, West Bengal, India |
To see the full peer comparison of Thakkar Foreign Exchange Private Limited, buy the company report.
Auditor
Thakkar Foreign Exchange Private Limited is audited by N. K. ASWANI for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N. K. ASWANI | FY 2023 | 100738W |
Shareholding
The shareholding of Thakkar Foreign Exchange 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 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
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| Public | |||||
| Others |
To see the full shareholding pattern of Thakkar Foreign Exchange Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Thakkar Foreign Exchange 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 Thakkar Foreign Exchange Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
No GST registration is on our record for Thakkar Foreign Exchange Private Limited; the GSTIN and return-filing check is in the company report Buy the company report.
Recent activity
Thakkar Foreign Exchange Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Bhavin Mahendrakumar Thakkar was appointed as Director on 20 Mar 2017.
Frequently asked questions
Thakkar Foreign Exchange is an active private limited company based in Ahmedabad, Gujarat, India. The company works in forex services, within the financial services industry. It was incorporated on 20 March 2017 (9+ years old) and is registered under CIN U65999GJ2017PTC096370.
Thakkar Foreign Exchange has 2 current directors:
- Bhavin Mahendrakumar Thakkar - Director
- Dineshkumar Shantilal Thakkar - Director
The latest financial statements of Thakkar Foreign Exchange 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 2017 are in the company report.
The CIN (Corporate Identification Number) of Thakkar Foreign Exchange is U65999GJ2017PTC096370. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Thakkar Foreign Exchange was incorporated on 20 March 2017, making it 9+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Thakkar Foreign Exchange by revenue are Unipay Forex Services Private Limited, Jasmehar Global Links Private Limited, Aj Countrywide Forex Private Limited, Piu Travels & Forex Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Bhavin Mahendrakumar Thakkar was appointed as Director on 20 Mar 2017. Dineshkumar Shantilal Thakkar was appointed as Director on 20 Mar 2017.
The registered office of Thakkar Foreign Exchange is at B103 Sunshine Apptt. Nr Old Shardamandir Rly Crossing Ellisb, Ridge, Ahmedabad, Gujarat, India – 380006.
Thakkar Foreign Exchange operates in the financial services industry, in the forex services segment.
The compliance status of Thakkar Foreign Exchange is compliant as of 19 August 2026. The company is actively filing with the Registrar of Companies.
Thakkar Foreign Exchange can be reached at its registered office: B103 Sunshine Apptt. Nr Old Shardamandir Rly Crossing Ellisb, Ridge, Ahmedabad, Gujarat, India – 380006.