Vikshari Forex Services Private Limited
About Vikshari Forex Services Private Limited
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Vikshari Forex Services Private Limited is a private limited company based in Bhopal, Madhya Pradesh, India. It operates in the forex services segment of the financial services sector. It was incorporated on 28 August 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U65990MP2021PTC057265. Its GSTIN is 23AAICV2430J1ZG (Madhya Pradesh).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors including Meena Khushalani and Vijay Khushalani.
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 62 Peer Gate Shop No. 13 H. No. 62 Somi Colddrink Neem Road, Bhopal, Madhya Pradesh, India – 462001.
As per the financials filed for FY 2025, the company reported a revenue of ₹16.63 Cr, a growth of 25% compared to the previous year. For the same year it recorded a net profit of ₹434 (net margin 0%) and EBITDA of ₹1.09 Lakh (EBITDA margin 0.1%). Revenue has grown at a compounded annual rate (CAGR) of 186% over three years.
Court records list 1 case involving the company, including 1 filed by the company.
Company details
Contact details
Vikshari Forex Services Private Limited's registered office is in Bhopal, Madhya Pradesh.
- Registered Address62 Peer Gate Shop No. 13 H. No. 62 Somi Colddrink Neem Road, Bhopal, Madhya Pradesh, India – 462001
- 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
Business activity
The main business activity of Vikshari Forex Services 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 Vikshari Forex Services Private Limited, buy the company report.
Financials of Vikshari Forex Services Private Limited
FY 2025 filings availableVikshari Forex Services Private Limited reported revenue of ₹16.63 Cr (up 25% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 186% over three years, including 25% growth in the latest year. EBITDA fell 56% 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 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
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| EBITDA | ₹1.09 Lakh | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹434 | |||
| Balance Sheet | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 0.1% | |||
| Net Profit Margin | 0% | |||
| Return on Equity (ROE) | ||||
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| Return on Assets (ROA) | ||||
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To see the full financial statements and ratios of Vikshari Forex Services Private Limited, buy the company report.
Board of directors of Vikshari Forex Services Private Limited
Vikshari Forex Services has 3 directors on record. No former directors are listed.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Meena Khushalani | Director | 28 Aug 2021 | 5 Years 1 Months | Current |
| Vijay Khushalani | Director | 28 Aug 2021 | 5 Years 1 Months | Current |
| Jitesh Manghani | Director | 11 Nov 2024 | 1 Years 11 Months | Current |
Peer comparison
Vikshari Forex Services Private Limited is compared with the 5 companies closest to it by revenue in the BFSI industry (Forex Services, 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 |
|---|---|---|---|---|---|---|
| Istuti Forex Private Limited | ₹16.69 Cr (FY 2024) | 84.0% | Delhi, India | |||
| Gulsan Forex and Travels Private Limited | ₹16.65 Cr (FY 2025) | -64.0% | Kolkata, West Bengal, India | |||
| Vikshari Forex Services Private Limitedthis company | ₹16.63 Cr (FY 2025) | ₹434 | 0% | 25.0% | Bhopal, Madhya Pradesh, India | |
| Voice Forex Private Limited | ₹16.63 Cr (FY 2025) | -44.0% | Ahmedabad, Gujarat, India | |||
| Shree Sayam Forex Private Limited | ₹16.61 Cr (FY 2025) | -42.0% | Kolkata, West Bengal, India | |||
| LKG Forex Limited | ₹16.61 Cr (FY 2025) | -7.0% | New Delhi, Delhi, India |
To see the full peer comparison of Vikshari Forex Services Private Limited, buy the company report.
Legal cases
Vikshari Forex Services Private Limited has 1 court case on record: 1 filed by Vikshari Forex Services. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| Supreme Court | 1 | 0 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Supreme Court | Court case (1010-Company Law, Mrtp, Trai, Sebi, Idrai & Rbi : Matters pertaining to TRAI / SEBI / IDRAI and RBI including Appeals U/S 18 of TRAI Act, Indian Electricity Act, 1910 and 2003, Electricity Supply Act, 1948 and Electricity Reforms Commission Act, 1998) | Filed by the company against Union of India Through Secretary Ministry of Finance Secretary Department of Revenue No. 137 North Block, Cabinet Secretariat, Raisina Hill, New Delhi ,New Delhi , Delhi and 1 other | Disposed |
To see the full case history of Vikshari Forex Services Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Vikshari Forex Services Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Vikshari Forex Services has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAICV2430J1ZG | Madhya Pradesh | Active | 14 Sep 2021 |
To see the full GST registrations and return filing status of Vikshari Forex Services Private Limited, buy the company report.
Recent activity
Vikshari Forex Services Private Limited has 3 board changes on record since 2021: 3 appointments. The latest: Jitesh Manghani was appointed as Director on 11 Nov 2024.
Frequently asked questions
Vikshari Forex Services is an active private limited company based in Bhopal, Madhya Pradesh, India. The company works in forex services, within the financial services industry. It was incorporated on 28 August 2021 (5+ years old) and is registered under CIN U65990MP2021PTC057265.
Vikshari Forex Services has 3 current directors:
- Meena Khushalani - Director
- Vijay Khushalani - Director
- Jitesh Manghani - Director
The latest financial statements of Vikshari Forex Services 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 2022 are in the company report.
The GSTIN of Vikshari Forex Services is 23AAICV2430J1ZG, registered in Madhya Pradesh.
The CIN (Corporate Identification Number) of Vikshari Forex Services is U65990MP2021PTC057265. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vikshari Forex Services has 1 court case on record: 1 filed by the company.
Vikshari Forex Services was incorporated on 28 August 2021, making it 5+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Vikshari Forex Services by revenue are Istuti Forex Private Limited, Gulsan Forex and Travels Private Limited, Voice Forex Private Limited, Shree Sayam Forex Private Limited, LKG Forex Limited, all in the BFSI industry (Forex Services, Money Exchange Services), with the same principal business activity (other financial activities).
Jitesh Manghani was appointed as Director on 11 Nov 2024. Meena Khushalani was appointed as Director on 28 Aug 2021. Vijay Khushalani was appointed as Director on 28 Aug 2021.
The registered office of Vikshari Forex Services is at 62 Peer Gate Shop No. 13 H. No. 62 Somi Colddrink Neem Road, Bhopal, Madhya Pradesh, India – 462001.
Vikshari Forex Services operates in the financial services industry, in the forex services segment.