Varda Forex Private Limited
About Varda Forex Private Limited
Data last updated:
Varda Forex 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 15 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Ahmedabad, under CIN U74140GJ2016PTC086446.
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh. It is led by directors Nayanaben Piyushkumar Thumar and Sumitra Satish Patel.
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 Block C C/5/6 Taksha Shila Orient Opp Kalyan Farm Nicol Naroda Road Nicol, Ahmedabad, Gujarat, India – 382350.
As per the financials filed for FY 2024, the company reported a revenue of ₹5.03 Lakh, a decline of 88% compared to the previous year. For the same year it recorded a net profit of ₹4,193 (net margin 0.8%) and EBITDA of ₹12,843 (EBITDA margin 2.6%). Revenue has declined at a compounded annual rate (CAGR) of 33% over three years and 30% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressBlock C C/5/6 Taksha Shila Orient Opp Kalyan Farm Nicol Naroda Road Nicol, Ahmedabad, Gujarat, India – 382350
- 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
Business Activity of Varda Forex Private Limited
The main business activity of Varda Forex is support service to organizations. In detail, this covers travel agency and tour operators.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N3 | Travel agency and tour operators | 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 Varda Forex Private Limited FY 2025 filings available
Varda Forex Private Limited reported revenue of ₹5.03 Lakh (down 88% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Varda Forex Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 30% over five years, including a 88% fall in the latest year. EBITDA fell 30% 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 Varda Forex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| 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 | ₹12,843 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹4,193 | •••• | •••• | •••• | •••• |
| 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 Varda Forex Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.6% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.8% | •••• | •••• | •••• | •••• |
| 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 Varda Forex are in the company report.
Financial statements from FY 2016
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.
Peer Comparison of Varda Forex Private Limited
Varda Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (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 |
|---|---|---|---|---|---|---|
| La Exchange Private Limited | ₹5.88 Lakh (FY 2024) | •••• | •••• | 27.0% | •••• | Pune, Maharashtra, India |
| Uca Forex Private Limited | ₹5.6 Lakh (FY 2025) | •••• | •••• | -61.0% | •••• | Delhi, India |
| Bhawani Traders Limited | ₹5.53 Lakh (FY 2025) | •••• | •••• | -38.0% | •••• | Punjab, India |
| Andheri Forex Private Limited | ₹5.41 Lakh (FY 2019) | •••• | •••• | 454.0% | •••• | Mumbai, Maharashtra, India |
| Aagna Travels and Money Changer Private Limited | ₹5.25 Lakh (FY 2022) | •••• | •••• | 32.0% | •••• | Chennai, Tamil Nadu, India |
| Varda Forex Private Limited this company | ₹5.03 Lakh (FY 2024) | •••• | •••• | -88.0% | •••• | Ahmedabad, Gujarat, India |
| Kingfisher Forex Private Limited | ₹5 Lakh (FY 2025) | •••• | •••• | 136.0% | •••• | Nagpur, Maharashtra, India |
| Solitaire Forex Private Limited | ₹4.82 Lakh (FY 2025) | •••• | •••• | -99.0% | •••• | Rajkot, Gujarat, India |
| Greenback Consultants and Advisors Private Limited | ₹4.67 Lakh (FY 2019) | •••• | •••• | -24.0% | •••• | Mumbai, Maharashtra, India |
| RPS India Travels Forex Private Limited | ₹4.49 Lakh (FY 2025) | •••• | •••• | 5315.0% | •••• | Siwan, Bihar, India |
| Namdhari Forex Private Limited | ₹4.43 Lakh (FY 2025) | •••• | •••• | 40.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Varda Forex by revenue in the BFSI industry (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 Varda Forex Private Limited
Varda Forex Private Limited is audited by V C A N & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| V C A N & CO | 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.
Board of Directors of Varda Forex Private Limited
Varda Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nayanaben Piyushkumar Thumar | Director | 15 Mar 2016 | 10 Years 6 Months | Current |
| Sumitra Satish Patel | Director | 15 Mar 2016 | 10 Years 6 Months | Current |
Ownership and Shareholding of Varda Forex Private 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 Varda Forex Private Limited
Varda Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Varda Forex Private Limited
Employment history and EPFO contributions of people linked to Varda Forex.
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 Varda Forex Private Limited
Varda Forex Private Limited has 2 board changes on record since 2016: 2 appointments. The latest: Nayanaben Piyushkumar Thumar was appointed as Director on 15 Mar 2016.
Credit Ratings, Litigation & Regulatory Alerts for Varda Forex Private 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 Varda Forex Private 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 Varda Forex Private 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 Varda Forex Private Limited
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 Varda Forex Private 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 Varda Forex Private Limited
Varda Forex 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 15 March 2016 (10+ years old) and is registered under CIN U74140GJ2016PTC086446.
Varda Forex reported revenue of ₹5.03 Lakh for FY 2024 (down 88% YoY).
Varda Forex has 2 current directors:
- Nayanaben Piyushkumar Thumar - Director
- Sumitra Satish Patel - Director
Varda Forex reported a net profit of ₹4,193 (net margin 0.8%) and EBITDA of ₹12,843 (EBITDA margin 2.6%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Varda Forex is 33% over three years and -30% over five years. In the latest year (FY 2024) revenue fell 88%. CAGR is the steady yearly rate that links the first and the last year.
The CIN (Corporate Identification Number) of Varda Forex is U74140GJ2016PTC086446. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Varda Forex was incorporated on 15 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Ahmedabad.
The peers of Varda Forex by revenue are La Exchange Private Limited, Uca Forex Private Limited, Bhawani Traders Limited, Andheri Forex Private Limited, Aagna Travels and Money Changer Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Nayanaben Piyushkumar Thumar was appointed as Director on 15 Mar 2016. Sumitra Satish Patel was appointed as Director on 15 Mar 2016.
The registered office of Varda Forex is at Block C C56 Taksha Shila Orient Opp Kalyan Farm Nicol Naroda Road Nicol, Ahmedabad, Gujarat, India – 382350.
Varda Forex has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹30 Lakh.