True Value Forex Private Limited
About True Value Forex Private Limited
Data last updated:
True Value Forex Private Limited is a private limited company based in Vadodara, Gujarat, India. It operates in the forex services segment of the financial services sector. It was incorporated on 07 April 2015 and has been in existence for over 11 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U67120GJ2015PTC082826. Its GSTIN is 24AAFCT3187R1ZN (Gujarat).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Avesh Abdulrazak Memon and Mohmedilyas Sulemanbhai Shaikh.
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 S/S/2 1st Floor Aries Complex Bpc Road 87 Sampatrao Colony, Vadodara, Gujarat, India – 390005.
As per the financials filed for FY 2019, the company reported a revenue of ₹1.2 Lakh, a decline of 46% compared to the previous year. For the same year it recorded a net loss of ₹11,356 (net margin -9.4%) and EBITDA of ₹24,786 (EBITDA margin 20.6%).
The current compliance status is marked as compliant by the Registrar of Companies.
Company details
Contact details
True Value Forex Private Limited's registered office is in Vadodara, Gujarat. Its e-mail address is in the company report.
- Email
- Registered AddressS/S/2 1st Floor Aries Complex Bpc Road 87 Sampatrao Colony, Vadodara, Gujarat, India – 390005
- IndustryFinancial Services, Forex Services
To see the full contact details of True Value 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 True Value 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 True Value Forex Private Limited, buy the company report.
Financials of True Value Forex Private Limited
FY 2025 filings availableTrue Value Forex Private Limited reported revenue of ₹1.2 Lakh (down 46% YoY) for FY 2019.
Compounded Annual Growth Rate (CAGR)
Revenue fell 46% in the latest year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | ₹1.2 Lakh | |||
| Other Income | ||||
| Total Revenue | ||||
| Cost of Materials Consumed | ||||
| Employee Benefit Expense | ||||
| Finance Costs | ||||
| Depreciation and Amortisation | ||||
| Other Expenses | ||||
| Total Expenses | ||||
| EBITDA | ₹24,786 | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | -₹11,356 | |||
| 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
| Metrics | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 20.6% | |||
| Net Profit Margin | -9.4% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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| Interest Coverage Ratio | ||||
| Efficiency and Growth | ||||
| Asset Turnover | ||||
| Receivable Days | ||||
| Payable Days | ||||
| Inventory Days | ||||
| Revenue Growth | ||||
| Net Profit Growth | ||||
To see the full financial statements and ratios of True Value Forex Private Limited, buy the company report.
Board of directors of True Value Forex Private Limited
True Value Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Avesh Abdulrazak Memon | Director | 07 Apr 2015 | 11 Years 7 Months | Current |
| Mohmedilyas Sulemanbhai Shaikh | Director | 07 Apr 2015 | 11 Years 7 Months | Current |
Auditor
True Value Forex Private Limited is audited by N D SAMANI & CO for the financial year 2019.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| N D SAMANI & CO | FY 2019 | 131802W |
Shareholding
The shareholding of True Value Forex Private Limited is on record for 3 financial years, the latest being FY 2019, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2019 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of True Value Forex Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving True Value Forex 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 True Value Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
True Value Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 24AAFCT3187R1ZN | Gujarat | Active | 04 Jul 2017 |
To see the full GST registrations and return filing status of True Value Forex Private Limited, buy the company report.
Recent activity
True Value Forex Private Limited has 2 board changes on record since 2015: 2 appointments. The latest: Avesh Abdulrazak Memon was appointed as Director on 07 Apr 2015.
Frequently asked questions
True Value Forex is an active private limited company based in Vadodara, Gujarat, India. The company works in forex services, within the financial services industry. It was incorporated on 07 April 2015 (11+ years old) and is registered under CIN U67120GJ2015PTC082826.
True Value Forex has 2 current directors:
- Avesh Abdulrazak Memon - Director
- Mohmedilyas Sulemanbhai Shaikh - Director
The latest financial statements of True Value Forex 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 2016 are in the company report.
The GSTIN of True Value Forex is 24AAFCT3187R1ZN, registered in Gujarat.
The CIN (Corporate Identification Number) of True Value Forex is U67120GJ2015PTC082826. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
True Value Forex was incorporated on 07 April 2015, making it 11+ years old. It is registered with the Registrar of Companies, Ahmedabad.
Avesh Abdulrazak Memon was appointed as Director on 07 Apr 2015. Mohmedilyas Sulemanbhai Shaikh was appointed as Director on 07 Apr 2015.
The registered office of True Value Forex is at SS2 1st Floor Aries Complex Bpc Road 87 Sampatrao Colony, Vadodara, Gujarat, India – 390005.
True Value Forex operates in the financial services industry, in the forex services segment.
The compliance status of True Value Forex is compliant as of 22 September 2026. The company is actively filing with the Registrar of Companies.
Sample company reports
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