About Vimal Forex India Private Limited
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Vimal Forex India Private Limited is a private limited company based in Bangalore, Karnataka, India. It operates in the forex services segment of the financial services sector. It was incorporated on 05 October 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U67190KA2006PTC040672. Its GSTIN is 29AAFCM2597Q1ZI (Karnataka).
The company has an authorised share capital of ₹50 Lakh and a paid-up capital of ₹50 Lakh. It is led by directors Dilip Kumar Jain and Arjunlal Anil Kumar.
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 No. 05 Shop No.6 Vimal Shopping Complex Msr Main Road Gokula, Bangalore, Karnataka, India – 560054.
As per the financials filed for FY 2025, the company reported a revenue of ₹31.04 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹2.64 Lakh (net margin 0.1%) and EBITDA of ₹5.52 Lakh (EBITDA margin 0.2%). Revenue has grown at a compounded annual rate (CAGR) of 101% over three years and 32% over five years.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website vimal-forex-india-pvt-ltd.business.site.
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- Registered AddressNo. 05 Shop No.6 Vimal Shopping Complex Msr Main Road Gokula, Bangalore, Karnataka, India – 560054
- 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 Vimal Forex India Private Limited
The main business activity of Vimal Forex India 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 Vimal Forex India Private Limited FY 2025 filings available
Vimal Forex India Private Limited reported revenue of ₹31.04 Cr (up 29% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR) of Vimal Forex India Private Limited
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 29% growth in the latest year. EBITDA fell 4% 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 Vimal Forex India 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 | ₹5.52 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹2.64 Lakh | •••• | •••• | •••• | •••• |
| 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 Vimal Forex India Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 0.2% | •••• | •••• | •••• | •••• |
| 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 Vimal Forex India are in the company report.
Financial statements from 2015
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 Vimal Forex India Private Limited
Vimal Forex India 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 |
|---|---|---|---|---|---|---|
| Ankit Forex Private Limited | ₹31.28 Cr (FY 2025) | •••• | •••• | -10.0% | •••• | Jaipur, Rajasthan, India |
| Competent Forex Services Private Limited | ₹31.26 Cr (FY 2024) | •••• | •••• | 28.0% | •••• | New Delhi, Delhi, India |
| Alfe Sani Forex Private Limited | ₹31.26 Cr (FY 2025) | •••• | •••• | -29.0% | •••• | Kolkata, West Bengal, India |
| Purva (India) Forex Services Private Limited | ₹31.21 Cr (FY 2025) | •••• | •••• | -24.0% | •••• | Indore, Madhya Pradesh, India |
| Maharani Forex Private Limited | ₹31.2 Cr (FY 2024) | •••• | •••• | 9.0% | •••• | New Delhi, Delhi, India |
| Vimal Forex India Private Limited this company | ₹31.04 Cr (FY 2025) | •••• | •••• | 29.0% | •••• | Bangalore, Karnataka, India |
| Destiny Forex Private Limited | ₹30.93 Cr (FY 2019) | •••• | •••• | 117.0% | •••• | New Delhi, Delhi, India |
| Bengal Forex Private Limited | ₹30.82 Cr (FY 2025) | •••• | •••• | -12.0% | •••• | Kolkata, West Bengal, India |
| Manoj Forex and Ornaments Private Limited | ₹30.8 Cr (FY 2025) | •••• | •••• | -19.0% | •••• | Mumbai, Maharashtra, India |
| Flygate Hina Forex & Travels Private Limited | ₹30.77 Cr (FY 2020) | •••• | •••• | •••• | Kolkata, West Bengal, India | |
| S. K. Forex (India) Private Limited | ₹30.51 Cr (FY 2024) | •••• | •••• | 61.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Vimal Forex India 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 Vimal Forex India Private Limited
Vimal Forex India Private Limited is audited by DAGLIYA & CO for the financial year 2020.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| DAGLIYA & 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 Vimal Forex India Private Limited
Vimal Forex India has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Dilip Kumar Jain | Director | 05 Oct 2006 | 20 Years 0 Months | Current |
| Arjunlal Anil Kumar | Director | 05 Oct 2006 | 20 Years 0 Months | Current |
Ownership and Shareholding of Vimal Forex India 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 Vimal Forex India Private Limited
Vimal Forex India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Vimal Forex India Private Limited
Employment history and EPFO contributions of people linked to Vimal Forex India.
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 Vimal Forex India Private Limited
Vimal Forex India Private Limited has 3 board changes on record since 2006: 2 appointments and 1 cessation. The latest: Arjunlal ceased to be Director on 19 Oct 2023.
Credit Ratings, Litigation & Regulatory Alerts for Vimal Forex India 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 Vimal Forex India 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 Vimal Forex India 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 Vimal Forex India Private Limited
Vimal Forex India has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAFCM2597Q1ZI | Karnataka | Active | 01 Jul 2017 |
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 Vimal Forex India 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 Vimal Forex India Private Limited
Vimal Forex India is an active private limited company based in Bangalore, Karnataka, India. The company works in forex services, within the financial services industry. It was incorporated on 05 October 2006 (20+ years old) and is registered under CIN U67190KA2006PTC040672.
Vimal Forex India reported revenue of ₹31.04 Cr for FY 2025 (up 29% YoY).
Vimal Forex India has 2 current directors:
- Dilip Kumar Jain - Director
- Arjunlal Anil Kumar - Director
Vimal Forex India reported a net profit of ₹2.64 Lakh (net margin 0.1%) and EBITDA of ₹5.52 Lakh (EBITDA margin 0.2%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Vimal Forex India is 101% over three years and 32% over five years. In the latest year (FY 2025) revenue rose 29%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Vimal Forex India is 29AAFCM2597Q1ZI, registered in Karnataka.
The CIN (Corporate Identification Number) of Vimal Forex India is U67190KA2006PTC040672. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Vimal Forex India was incorporated on 05 October 2006, making it 20+ years old. It is registered with the Registrar of Companies, Bangalore.
The peers of Vimal Forex India by revenue are Ankit Forex Private Limited, Competent Forex Services Private Limited, Alfe Sani Forex Private Limited, Purva (India) Forex Services Private Limited, Maharani Forex Private Limited and 5 more, all in the BFSI industry (Money Exchange Services).
Arjunlal ceased to be Director on 19 Oct 2023. Arjunlal Anil Kumar was appointed as Director on 05 Oct 2006. Dilip Kumar Jain was appointed as Director on 05 Oct 2006.
Vimal Forex India can be reached through the website vimal-forex-india-pvt-ltd.business.site. Its registered office is in Bangalore, Karnataka, India.