Viara Forex Private Limited
About Viara Forex Private Limited
Data last updated:
Viara Forex Private Limited is a private limited company based in Mumbai, Maharashtra, India. It operates in the forex services segment of the financial services sector. It was incorporated on 24 April 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U67190MH2017PTC294231. Its GSTIN is 27AAFCV8917P1ZF (Maharashtra).
The company has an authorised share capital of ₹30 Lakh and a paid-up capital of ₹27 Lakh. It is led by directors Ritesh Shantilal Bafna and Shantilal Sohanraj Bafna.
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 001 Ground Floor Creado Apartment Chs Ltd Juhu Church Road Juhu, Mumbai, Maharashtra, India – 400049.
As per the financials filed for FY 2025, the company reported a revenue of ₹1.76 Cr, a decline of 25% compared to the previous year. For the same year it recorded a net profit of ₹19,650 (net margin 0.1%) and EBITDA of ₹24,008 (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 50% over three years and 2% over five years.
The current compliance status is marked as compliant by the Registrar of Companies.
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- Registered Address001 Ground Floor Creado Apartment Chs Ltd Juhu Church Road Juhu, Mumbai, Maharashtra, India – 400049
- 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 Viara Forex Private Limited
The main business activity of Viara Forex is financial and insurance activities. In detail, this covers activities auxiliary to financial service and insurance activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance activities | 66 | Activities auxiliary to financial service and insurance 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 Viara Forex Private Limited FY 2025 filings available
Viara Forex Private Limited reported revenue of ₹1.76 Cr (down 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Viara Forex Private Limited
Revenue fell 25% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 2%. EBITDA rose 80% 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 Viara Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| 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 | ₹24,008 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹19,650 | •••• | •••• | •••• | •••• |
| 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 Viara Forex Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.1% | •••• | •••• | •••• | •••• |
| 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 Viara Forex are in the company report.
Financial statements from FY 2018
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 Viara Forex Private Limited
Viara Forex Private Limited is compared with the companies closest to it by revenue in the BFSI industry (Money Exchange Services). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Inder Travels Private Ltd. | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Shree Agila Forex India Private Limited | •••• | •••• | •••• | •••• | - | Chennai, Tamil Nadu, India |
| BVR Nectar Forex Private Limited | •••• | •••• | •••• | •••• | - | Vijayawada, Andhra Pradesh, India |
| Al-Naas Forex Private Limited | •••• | •••• | •••• | •••• | - | Kannur, Kerala, India |
| Pooja Forex Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Viara Forex Private Limited this company | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Gupta and Saha Travels and Forex Private Limited | •••• | •••• | •••• | •••• | - | Barasat - I, West Bengal, India |
| R. S. P. Forex Private Limited | •••• | •••• | •••• | •••• | - | New Delhi, Delhi, India |
| Mantri Foods and Forex Private Limited | •••• | •••• | •••• | •••• | - | Ajmer, Rajasthan, India |
| U S. Exchange Consultant Private Limited | •••• | •••• | •••• | •••• | - | Satellite, Ahmedabad 380 015, Gujarat, India |
| Vagmi Forex Private Limited | •••• | •••• | •••• | •••• | - | Kapashera, Delhi, India |
Peers are the five companies nearest above and the five nearest below Viara Forex by revenue in the BFSI industry (Money Exchange Services), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Viara Forex Private Limited
Viara Forex Private Limited is audited by M N N & ASSOCIATES for the financial year 2021.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| M N N & ASSOCIATES | 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 Viara Forex Private Limited
Viara Forex has 2 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ritesh Shantilal Bafna | Director | 24 Apr 2017 | 9 Years 5 Months | Current |
| Shantilal Sohanraj Bafna | Director | 24 Apr 2017 | 9 Years 5 Months | Current |
Ownership and Shareholding of Viara 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 Viara Forex Private Limited
Viara Forex Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Viara Forex Private Limited
Employment history and EPFO contributions of people linked to Viara 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 Viara Forex Private Limited
Viara Forex Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Ritesh Shantilal Bafna was appointed as Director on 24 Apr 2017.
Credit Ratings, Litigation & Regulatory Alerts for Viara 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 Viara 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 Viara 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 Viara Forex Private Limited
Viara Forex has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAFCV8917P1ZF | Maharashtra | Active | 05 Apr 2018 |
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 Viara 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 Viara Forex Private Limited
Viara Forex is an active private limited company based in Mumbai, Maharashtra, India. The company works in forex services, within the financial services industry. It was incorporated on 24 April 2017 (9+ years old) and is registered under CIN U67190MH2017PTC294231.
Viara Forex reported revenue of ₹1.76 Cr for FY 2025 (down 25% YoY).
Viara Forex has 2 current directors:
- Ritesh Shantilal Bafna - Director
- Shantilal Sohanraj Bafna - Director
Viara Forex reported a net profit of ₹19,650 (net margin 0.1%) and EBITDA of ₹24,008 (EBITDA margin 0.1%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Viara Forex is 50% over three years and 2% over five years. In the latest year (FY 2025) revenue fell 25%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Viara Forex is 27AAFCV8917P1ZF, registered in Maharashtra.
The CIN (Corporate Identification Number) of Viara Forex is U67190MH2017PTC294231. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Viara Forex was incorporated on 24 April 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Viara Forex by revenue are Inder Travels Private Ltd, Shree Agila Forex India Private Limited, BVR Nectar Forex Private Limited, Al-Naas Forex Private Limited, Pooja Forex Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Ritesh Shantilal Bafna was appointed as Director on 24 Apr 2017. Shantilal Sohanraj Bafna was appointed as Director on 24 Apr 2017.
The registered office of Viara Forex is at 001 Ground Floor Creado Apartment Chs Ltd Juhu Church Road Juhu, Mumbai, Maharashtra, India – 400049.