About Vakharia Forex Private Limited
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Vakharia Forex Private Limited is a private limited company based in Chennai, Tamil Nadu, India. It operates in the forex services segment of the financial services sector. It was incorporated on 11 March 1993 and has been in existence for over 33 years.
The company is registered with the Registrar of Companies (ROC), Chennai, under CIN U52599TN1993PTC024591. Its GSTIN is 33AABCV6242K1ZA (Tamil Nadu).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Vijay Kumar Vakharia Pratik and Mythili.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at 1 Whites Road Royapettah, Chennai, Tamil Nadu, India – 600014.
As per the financials filed for FY 2025, the company reported a revenue of ₹6.44 Cr, a decline of 23% compared to the previous year. For the same year it recorded a net loss of ₹19.63 Lakh (net margin -3.1%) and EBITDA of -₹18.39 Lakh (EBITDA margin -2.9%). Revenue has grown at a compounded annual rate (CAGR) of 52% over three years.
The company is associated with 1 brand: Vakharia Forex. As per MCA filings, the company has open charges of ₹1.06 Lakh and satisfied charges of ₹1 Cr on record.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vakharias.com.
Company details
Contact details
Vakharia Forex Private Limited's registered office is in Chennai, Tamil Nadu. Its website is vakharias.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered Address1 Whites Road Royapettah, Chennai, Tamil Nadu, India – 600014
- IndustryFinancial Services, Forex Services
To see the full contact details of Vakharia 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
Brands
Vakharia Forex operates one associated brand: Vakharia Forex. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Forex services, currency exchange, and money transfers in Chennai. | vakharias.com |
Business activity
The main business activity of Vakharia 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 Vakharia Forex Private Limited, buy the company report.
Financials of Vakharia Forex Private Limited
FY 2024 filings availableVakharia Forex Private Limited reported revenue of ₹6.44 Cr (down 23% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue fell 23% in the latest year, but over three years it has grown at a compounded annual rate (CAGR) of 52%. 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 | -₹18.39 Lakh | ||||
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| Net Profit (PAT) | -₹19.63 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -2.9% | ||||
| Net Profit Margin | -3.1% | ||||
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To see the full financial statements and ratios of Vakharia Forex Private Limited, buy the company report.
Board of directors of Vakharia Forex Private Limited
Vakharia Forex has 2 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mythili | Additional Director | 04 Feb 2021 | 5 Years 9 Months | Current |
| Vijay Kumar Vakharia Pratik | Director | 01 Mar 2017 | 9 Years 8 Months | Current |
Peer comparison
Vakharia Forex 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 |
|---|---|---|---|---|---|---|
| Inter Globe Money Exchange Private Limited | ₹6.51 Cr (FY 2025) | -3.0% | Thiruvananthapuram, Kerala, India | |||
| BSL Forex and Travels Private Limited | ₹6.5 Cr (FY 2025) | -82.0% | Kolkata, West Bengal, India | |||
| Vakharia Forex Private Limitedthis company | ₹6.44 Cr (FY 2025) | -₹19.63 Lakh | -3.1% | -23.0% | Chennai, Tamil Nadu, India | |
| Jindal Finservices Private Limited | ₹6.42 Cr (FY 2025) | -45.0% | Malerkotla, Punjab, India | |||
| Scope Forex Private Limited | ₹6.36 Cr (FY 2024) | 68.0% | Chennai, Tamil Nadu, India |
To see the full peer comparison of Vakharia Forex Private Limited, buy the company report.
Auditor
Vakharia Forex Private Limited is audited by M DINESH KUMAR & CO for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| M DINESH KUMAR & CO | FY 2022 | 012564S |
Shareholding
The shareholding of Vakharia Forex Private Limited is on record for 5 financial years, the latest being FY 2022, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2022 | FY 2021 | FY 2020 | FY 2019 | FY 2018 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Vakharia Forex Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 20 Sep 2004 | 90283305 | Sundaram Finance Ltd | ₹1.06 Lakh | Open | |
| 27 Mar 2017 | 100094921 | Others | ₹1 Cr | Satisfied |
To see the full charge records of Vakharia Forex Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
No court or tribunal cases involving Vakharia 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 Vakharia Forex Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vakharia Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 33AABCV6242K1ZA | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Vakharia Forex Private Limited, buy the company report.
Recent activity
Vakharia Forex Private Limited has 6 board changes on record since 2012: 2 appointments and 4 cessations. The latest: Mythili was appointed as Additional Director on 04 Feb 2021.
Frequently asked questions
Vakharia Forex is an active private limited company based in Chennai, Tamil Nadu, India. The company works in forex services, within the financial services industry. It was incorporated on 11 March 1993 (33+ years old) and is registered under CIN U52599TN1993PTC024591.
Vakharia Forex has 2 current directors:
- Mythili - Additional Director
- Vijay Kumar Vakharia Pratik - Director
The latest financial statements of Vakharia Forex on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Vakharia Forex is 33AABCV6242K1ZA, registered in Tamil Nadu.
The CIN (Corporate Identification Number) of Vakharia Forex is U52599TN1993PTC024591. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vakharia Forex was incorporated on 11 March 1993, making it 33+ years old. It is registered with the Registrar of Companies, Chennai.
The peers of Vakharia Forex by revenue are Inter Globe Money Exchange Private Limited, BSL Forex and Travels Private Limited, Jindal Finservices Private Limited, Scope Forex Private Limited, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Mythili was appointed as Additional Director on 04 Feb 2021. Vijay Kumar Ramanlal Vakharia ceased to be Director on 04 Feb 2021. Umapathy Krishnakkumar ceased to be Director on 15 Mar 2017. Vakharia Forex has 6 board changes on record in total.
Vakharia Forex can be reached through the website vakharias.com. Its registered office is in Chennai, Tamil Nadu, India.
The registered office of Vakharia Forex is at 1 Whites Road Royapettah, Chennai, Tamil Nadu, India – 600014.
Vakharia Forex operates in the financial services industry, in the forex services segment.
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