About WSFX Global Pay Limited
Data last updated:
WSFX Global Pay Limited is a public limited company based in Mumbai, Maharashtra, India, a subsidiary of Spice Connect Private Limited. It operates in the forex services segment of the financial services sector. It was incorporated on 25 April 1986 and has been in existence for over 40 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN L99999MH1986PLC039660. Its GSTIN is 27AAACW1258P1ZV (Maharashtra). The company holds 20 GST registrations, of which 13 are active. It is a listed company as per MCA records. Its shares are listed on BSE: 511147.
The company has an authorised share capital of ₹22 Cr and a paid-up capital of ₹12.67 Cr. It is led by directors including Srikrishna Narasimhan (Whole-Time Director) and Asha Himanshu Shah.
Its last annual general meeting (AGM) was held on 24 September 2025, and its latest financial statements are for the year ended 31 March 2026. The registered office is at Mumbai, Maharashtra.
As per the latest standalone financials for FY 2025-26, the company reported a revenue of ₹111.52 Cr, a growth of 26% compared to the previous year. For the same year it recorded a net profit of ₹6.14 Cr (net margin 5.5%) and EBITDA of ₹14.05 Cr (EBITDA margin 12.6%). The net worth stands at ₹41.4 Cr (up 13.9% YoY). Total assets are valued at ₹60.3 Cr (up 15% YoY).
The company has about 391 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: WSFx Global Pay. As per MCA filings, the company has open charges of ₹45.5 Cr and satisfied charges of ₹133.28 Cr on record. Court records list 8 cases involving the company, including 8 filed by the company; 3 cases are pending. The company has 38 deals on record (35 market trades, 3 acquisitions); the latest was in March 2019. Its 6 peer companies in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities) are compared by revenue, 2 larger and 4 smaller; the largest is Quotava Forex Private Limited with revenue of ₹94.03 Cr.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wsfx.in.
Company details
CIN history
WSFX Global Pay has one previous CIN (Corporate Identification Number): U99999MH1986PTC039660. The current CIN is L99999MH1986PLC039660, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| L99999MH1986PLC039660 | Current |
| U99999MH1986PTC039660 | Previous |
Contact details
WSFX Global Pay Limited's registered office is in Mumbai, Maharashtra. Its website is wsfx.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressUnit No.603 6th Floor Wing C Corporate Avenue, New Ak Link Road Chakala Andheri (East), Mumbai, Maharashtra, India – 400093
- IndustryFinancial Services, Forex Services
To see the full contact details of WSFX Global Pay 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
WSFX Global Pay operates one associated brand: WSFx Global Pay. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Foreign currency exchange and remittance services are offered online. | wsfx.in |
Business activity
The main business activity of WSFX Global Pay 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 WSFX Global Pay Limited, buy the company report.
Financials of WSFX Global Pay Limited
FY 2025-26 filings availableWSFX Global Pay Limited reported revenue of ₹111.52 Cr (up 26% YoY) for FY 2025-26.
Financial Highlights
FY 2020-21 · ConsolidatedRevenue vs Net Profit ₹ Cr
Margin trends
Financial summary ₹ Cr
| Metrics | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 22.03 | 38.11 | 25.69 | 1,745 | 47.19 | 49.53 | 43.36 |
| Revenue growth | -42.2% | +48.4% | -98.5% | +3598.2% | -4.7% | +14.2% | - |
| EBITDA | (6.12) | 1.32 | 0.75 | 36.53 | 5.38 | 7.22 | 6.61 |
| EBITDA margin | -27.8% | +3.5% | +2.9% | +2.1% | +11.4% | +14.6% | +15.2% |
| Profit before tax | (6.96) | (0.75) | 0.06 | 35.77 | 0.80 | 2.30 | 1.92 |
| Net profit | (3.99) | (0.53) | 0.05 | (2.38) | 0.66 | 1.31 | 1.34 |
| Net profit margin | -18.1% | -1.4% | +0.2% | -0.1% | +1.4% | +2.6% | +3.1% |
| EPS (₹) | (4.43) | (0.45) | 0.10 | 23.44 | 0.55 | 1.13 | 1.16 |
| Balance sheet | |||||||
| Total assets | 40.38 | 45.99 | 49.29 | 54.44 | 53.05 | 54.66 | 40.31 |
| Net worth | 29.71 | 36.51 | 39.17 | 38.75 | 17.49 | 16.98 | 15.67 |
| Total debt | 10.10 | 9.15 | 9.75 | 15.52 | 33.82 | 36.02 | 24.18 |
| Cash & bank | 18.48 | 27.30 | 28.46 | 32.78 | 23.74 | 25.99 | 19.47 |
| Net working capital | 25.33 | 33.34 | 37.65 | 48.28 | 44.65 | 44.90 | 33.74 |
| Cash flow | |||||||
| Cash from operations | (8.24) | 3.13 | 3.68 | 37.76 | 4.98 | 3.21 | 26.64 |
| Cash from investing | 7.32 | 0.82 | (11.61) | (0.27) | (0.18) | (5.75) | (0.85) |
| Cash from financing | (1.27) | (4.14) | (7.04) | (27.31) | (6.77) | 7.24 | (22.22) |
| Particulars | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.73 | 9.56 | 5.85 | 6.65 | 4.86 | 6.48 | 3.12 | 9.50 |
| Revenue growth (YoY) | +59.1% | +47.5% | +87.5% | -30.0% | - | - | - | - |
| Other income | 0.22 | 0.25 | 0.22 | 1.02 | 0.22 | 0.26 | 0.25 | 0.49 |
| EBITDA | (1.80) | 0.09 | (1.57) | (2.75) | (1.90) | (0.58) | (1.80) | (1.77) |
| EBITDA margin | -23.3% | +0.9% | -26.8% | -41.4% | -39.1% | -9.0% | -57.7% | -18.6% |
| Depreciation | 0.31 | 0.30 | 0.30 | 0.30 | 0.32 | 0.32 | 0.25 | 0.29 |
| Interest | 0.15 | 0.18 | 0.07 | 0.13 | 0.08 | 0.20 | 0.08 | 0.28 |
| Profit before tax | (2.04) | (0.14) | (1.72) | (2.16) | (2.08) | (0.84) | (1.88) | (1.85) |
| Tax | (0.63) | (0.04) | (0.54) | (0.30) | (0.65) | (0.29) | (0.59) | (0.67) |
| Net profit | (1.41) | (0.10) | (1.18) | (1.86) | (1.43) | (0.55) | (1.29) | (1.18) |
| EPS (₹) | (1.22) | (0.08) | (1.02) | (1.60) | (1.23) | (0.48) | (1.12) | (1.01) |
| Metrics | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Income statement | |||||||
| Revenue | 112 | 88.51 | 71.66 | 47.31 | 29.71 | 20.99 | 38.11 |
| Revenue growth | +26.0% | +23.5% | +51.5% | +59.2% | +41.5% | -44.9% | - |
| EBITDA | 14.05 | 10.53 | 7.19 | 3.96 | (3.93) | (6.12) | 1.32 |
| EBITDA margin | +12.6% | +11.9% | +10.0% | +8.4% | -13.2% | -29.2% | +3.5% |
| Profit before tax | 8.03 | 6.63 | 4.12 | 0.90 | (6.35) | (6.96) | (0.75) |
| Net profit | 6.14 | 3.47 | 4.12 | 1.25 | (4.25) | (3.99) | (0.53) |
| Net profit margin | +5.5% | +3.9% | +5.8% | +2.6% | -14.3% | -19.0% | -1.4% |
| EPS (₹) | 4.87 | 2.81 | 3.47 | 1.01 | (3.81) | (4.42) | (0.45) |
| Balance sheet | |||||||
| Total assets | 60.30 | 52.45 | 39.13 | 43.61 | 40.79 | 40.38 | 45.99 |
| Net worth | 41.40 | 36.34 | 32.54 | 27.46 | 25.20 | 29.71 | 36.51 |
| Total debt | 17.09 | 13.94 | 4.64 | 14.26 | 14.71 | 10.10 | 9.15 |
| Cash & bank | 68.28 | 29.70 | 27.92 | 17.57 | 22.47 | 18.48 | 27.30 |
| Net working capital | 36.40 | 28.03 | 17.50 | 17.36 | 24.07 | 25.33 | 33.34 |
| Cash flow | |||||||
| Cash from operations | 39.83 | 2.55 | 22.21 | (4.49) | 2.98 | (8.24) | 3.13 |
| Cash from investing | (29.37) | 2.30 | (11.56) | (5.60) | (2.78) | 7.32 | 0.82 |
| Cash from financing | (0.83) | (0.88) | (12.14) | (0.83) | 0.68 | (1.27) | (4.14) |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23.23 | 24.95 | 28.35 | 34.96 | 18.21 | 21.80 | 20.07 | 25.90 |
| Revenue growth (YoY) | +27.6% | +14.5% | +41.3% | +35.0% | -2.8% | - | - | - |
| Other income | 1.22 | 1.48 | 1.03 | 0.90 | 0.61 | 0.81 | 0.79 | 0.55 |
| Total expenses | 22.17 | 23.87 | 25.77 | 29.43 | 17.08 | 19.87 | 18.60 | 22.50 |
| EBITDA | 1.06 | 1.08 | 2.58 | 5.53 | 1.13 | 1.93 | 1.47 | 3.40 |
| EBITDA margin | +4.6% | +4.3% | +9.1% | +15.8% | +6.2% | +8.9% | +7.3% | +13.1% |
| Depreciation | 1.15 | 1.15 | 1.17 | 1.14 | 0.99 | 0.98 | 0.77 | 0.70 |
| Interest | 0.54 | 0.39 | 0.45 | 0.42 | 0.59 | 0.48 | 0.32 | 0.11 |
| Profit before tax | 0.59 | 1.02 | 1.99 | 4.87 | 0.16 | 1.28 | 1.17 | 3.14 |
| Tax | 0.28 | 0.46 | 0.24 | 1.19 | 0.00 | 3.16 | 0.00 | 0.00 |
Financial Statements
| Particulars | Dec 2021 | Sep 2021 | Jun 2021 | Mar 2021 | Dec 2020 | Sep 2020 | Jun 2020 | Mar 2020 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 7.73 | 9.56 | 5.85 | 6.65 | 4.86 | 6.48 | 3.12 | 9.50 |
| Revenue growth (YoY) | +59.1% | +47.5% | +87.5% | -30.0% | - | - | - | - |
| Other income | 0.22 | 0.25 | 0.22 | 1.02 | 0.22 | 0.26 | 0.25 | 0.49 |
| EBITDA | (1.80) | 0.09 | (1.57) | (2.75) | (1.90) | (0.58) | (1.80) | (1.77) |
| EBITDA margin | -23.3% | +0.9% | -26.8% | -41.4% | -39.1% | -9.0% | -57.7% | -18.6% |
| Depreciation | 0.31 | 0.30 | 0.30 | 0.30 | 0.32 | 0.32 | 0.25 | 0.29 |
| Interest | 0.15 | 0.18 | 0.07 | 0.13 | 0.08 | 0.20 | 0.08 | 0.28 |
| Profit before tax | (2.04) | (0.14) | (1.72) | (2.16) | (2.08) | (0.84) | (1.88) | (1.85) |
| Tax | (0.63) | (0.04) | (0.54) | (0.30) | (0.65) | (0.29) | (0.59) | (0.67) |
| Net profit | (1.41) | (0.10) | (1.18) | (1.86) | (1.43) | (0.55) | (1.29) | (1.18) |
| EPS (₹) | (1.22) | (0.08) | (1.02) | (1.60) | (1.23) | (0.48) | (1.12) | (1.01) |
| Particulars | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Revenue | 22.03 | 38.11 | 25.69 | 1,745 | 47.19 | 49.53 | 43.36 |
| Revenue growth | -42.2% | +48.4% | -98.5% | +3598.2% | -4.7% | +14.2% | - |
| Other income | 0.84 | 0.20 | 0.97 | 2.96 | 0.40 | 0.04 | 0.26 |
| Total expenses | 28.15 | 36.79 | 24.94 | 1,709 | 41.81 | 42.31 | 36.75 |
| Employee cost | 9.84 | 13.13 | 10.40 | 11.82 | 14.23 | 13.37 | 11.38 |
| EBITDA | (6.12) | 1.32 | 0.75 | 36.53 | 5.38 | 7.22 | 6.61 |
| EBITDA margin | -27.8% | +3.5% | +2.9% | +2.1% | +11.4% | +14.6% | +15.2% |
| Depreciation | 1.20 | 0.82 | 0.39 | 0.62 | 0.41 | 0.26 | 0.62 |
| Interest | 0.48 | 1.45 | 1.27 | 3.10 | 4.57 | 4.70 | 4.33 |
| Profit before tax | (6.96) | (0.75) | 0.06 | 35.77 | 0.80 | 2.30 | 1.92 |
| Tax | (1.83) | (0.22) | (0.05) | 8.59 | 0.15 | 0.99 | 0.58 |
| Net profit | (3.99) | (0.53) | 0.05 | (2.38) | 0.66 | 1.31 | 1.34 |
| Net profit margin | -18.1% | -1.4% | +0.2% | -0.1% | +1.4% | +2.6% | +3.1% |
| EPS (₹) | (4.43) | (0.45) | 0.10 | 23.44 | 0.55 | 1.13 | 1.16 |
| Particulars | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 11.60 | 11.60 | 11.60 | 11.60 | 11.60 | 11.60 | 11.60 |
| Reserves & surplus | 18.11 | 24.91 | 27.57 | 27.15 | 5.89 | 5.38 | 4.07 |
| Shareholders' funds (net worth) | 29.71 | 36.51 | 39.17 | 38.75 | 17.49 | 16.98 | 15.67 |
| Minority interest | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Secured loans | 10.10 | 9.15 | 9.75 | 15.52 | 29.52 | 36.02 | 21.68 |
| Unsecured loans | 0.00 | 0.00 | 0.00 | 0.00 | 4.30 | 0.00 | 2.50 |
| Total debt | 10.10 | 9.15 | 9.75 | 15.52 | 33.82 | 36.02 | 24.18 |
| Total liabilities | 40.38 | 45.99 | 49.29 | 54.44 | 53.05 | 54.66 | 40.31 |
| Assets | |||||||
| Gross block | 9.86 | 7.30 | 5.09 | 3.11 | 6.29 | 9.41 | 5.02 |
| Net block | 6.10 | 4.63 | 3.27 | 1.71 | 5.12 | 5.13 | 1.07 |
| Capital work in progress | 0.00 | 2.55 | 2.82 | 2.16 | 0.83 | 0.83 | 0.60 |
| Investments | 0.28 | 0.26 | 0.27 | 0.27 | 0.28 | 0.48 | 1.14 |
| Inventories | 0.65 | 2.83 | 2.01 | 7.68 | 11.48 | 8.95 | 5.48 |
| Sundry debtors | 7.82 | 3.59 | 11.02 | 12.03 | 19.36 | 23.58 | 19.43 |
| Cash & bank balances | 18.48 | 27.30 | 28.46 | 32.78 | 23.74 | 25.99 | 19.47 |
| Loans & advances | 4.55 | 4.82 | 5.41 | 4.64 | 6.46 | 1.58 | 1.39 |
| Total current assets | 31.50 | 38.54 | 46.90 | 57.13 | 61.04 | 60.10 | 45.77 |
| Total current liabilities | 6.17 | 5.20 | 9.25 | 8.85 | 16.39 | 15.20 | 12.03 |
| Net working capital | 25.33 | 33.34 | 37.65 | 48.28 | 44.65 | 44.90 | 33.74 |
| Total assets | 40.38 | 45.99 | 49.29 | 54.44 | 53.05 | 54.66 | 40.31 |
| Particulars | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Opening cash | 14.40 | 14.59 | 29.56 | 19.38 | 21.34 | 16.65 | 13.08 |
| Net cash from operating activities | (8.24) | 3.13 | 3.68 | 37.76 | 4.98 | 3.21 | 26.64 |
| Net cash from investing activities | 7.32 | 0.82 | (11.61) | (0.27) | (0.18) | (5.75) | (0.85) |
| Net cash from financing activities | (1.27) | (4.14) | (7.04) | (27.31) | (6.77) | 7.24 | (22.22) |
| Net change in cash | (2.19) | (0.19) | (14.97) | 10.19 | (1.97) | 4.70 | 3.56 |
| Closing cash | 18.48 | 27.30 | 28.46 | 32.78 | 23.74 | 25.99 | 19.47 |
| Particulars | FY 2020-21 | FY 2019-20 | FY 2018-19 | FY 2017-18 | FY 2016-17 | FY 2015-16 | FY 2014-15 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | -42.2% | +48.4% | -98.5% | +3598.2% | -4.7% | +14.2% | - |
| EBITDA growth | -563.6% | +76.0% | -98.0% | +579.0% | -25.5% | +9.2% | - |
| PBT growth | -828.0% | - | -99.8% | +4371.3% | -65.2% | +19.8% | -32.2% |
| Net income growth | -652.8% | -1160.0% | +102.1% | -460.6% | -49.6% | -2.2% | - |
| Revenue CAGR (3Y) | -76.7% | -6.9% | -19.7% | +242.7% | +6.7% | +13.0% | - |
| EBITDA CAGR (3Y) | - | -37.4% | -53.0% | +76.8% | -5.7% | +18.0% | - |
| Profitability & leverage | |||||||
| Net income margin | -23.3% | -1.4% | +0.4% | +1.6% | +1.4% | +2.6% | +3.1% |
| Return on capital employed | -12.4% | +1.5% | +2.4% | +1.3% | +9.9% | +14.8% | +12.8% |
| Return on net worth | -12.1% | -1.4% | +0.1% | -8.4% | +3.7% | +8.1% | +8.9% |
| Debt / equity | 0.29 | 0.25 | 0.32 | 0.88 | 2.03 | 1.84 | 2.18 |
| Long-term debt / equity | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Interest cover | -6.56 | 290.00 | 352.78 | 8.63 | 91.95 | 67.53 | 72.29 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 2.67 | 6.18 | 6.50 | 371.94 | 6.06 | 6.87 | 8.34 |
| Inventory turnover | 13.14 | 15.83 | 5.50 | 182.48 | 4.66 | 6.87 | 7.98 |
| Debtors turnover | 4.01 | 5.24 | 2.31 | 111.38 | 2.22 | 2.31 | 1.54 |
| EPS (₹) | (4.43) | (0.45) | 0.10 | 23.44 | 0.55 | 1.13 | 1.16 |
| Dividend per share (₹) | 0.00 | 1.50 | 1.50 | 4.25 | 0.00 | 0.00 | 0.00 |
| Book value per share (₹) | 25.62 | 31.48 | 33.77 | 33.41 | 15.08 | 14.64 | 13.51 |
| Particulars | Jun 2026 | Mar 2026 | Dec 2025 | Sep 2025 | Jun 2025 | Mar 2025 | Dec 2024 | Sep 2024 |
|---|---|---|---|---|---|---|---|---|
| Revenue | 23.23 | 24.95 | 28.35 | 34.96 | 18.21 | 21.80 | 20.07 | 25.90 |
| Revenue growth (YoY) | +27.6% | +14.5% | +41.3% | +35.0% | -2.8% | - | - | - |
| Other income | 1.22 | 1.48 | 1.03 | 0.90 | 0.61 | 0.81 | 0.79 | 0.55 |
| Total expenses | 22.17 | 23.87 | 25.77 | 29.43 | 17.08 | 19.87 | 18.60 | 22.50 |
| EBITDA | 1.06 | 1.08 | 2.58 | 5.53 | 1.13 | 1.93 | 1.47 | 3.40 |
| EBITDA margin | +4.6% | +4.3% | +9.1% | +15.8% | +6.2% | +8.9% | +7.3% | +13.1% |
| Depreciation | 1.15 | 1.15 | 1.17 | 1.14 | 0.99 | 0.98 | 0.77 | 0.70 |
| Interest | 0.54 | 0.39 | 0.45 | 0.42 | 0.59 | 0.48 | 0.32 | 0.11 |
| Profit before tax | 0.59 | 1.02 | 1.99 | 4.87 | 0.16 | 1.28 | 1.17 | 3.14 |
| Tax | 0.28 | 0.46 | 0.24 | 1.19 | 0.00 | 3.16 | 0.00 | 0.00 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Revenue | 112 | 88.51 | 71.66 | 47.31 | 29.71 | 20.99 | 38.11 |
| Revenue growth | +26.0% | +23.5% | +51.5% | +59.2% | +41.5% | -44.9% | - |
| Other income | 0.45 | 0.61 | 0.46 | 0.11 | 0.40 | 0.84 | 0.20 |
| Total expenses | 97.47 | 77.98 | 64.47 | 43.35 | 33.64 | 27.11 | 36.79 |
| Employee cost | 25.95 | 23.32 | 19.35 | 13.83 | 10.89 | 9.84 | 13.13 |
| EBITDA | 14.05 | 10.53 | 7.19 | 3.96 | (3.93) | (6.12) | 1.32 |
| EBITDA margin | +12.6% | +11.9% | +10.0% | +8.4% | -13.2% | -29.2% | +3.5% |
| Depreciation | 4.46 | 3.15 | 2.58 | 2.05 | 1.94 | 1.20 | 0.82 |
| Interest | 2.01 | 1.36 | 0.95 | 1.12 | 0.88 | 0.48 | 1.45 |
| Profit before tax | 8.03 | 6.63 | 4.12 | 0.90 | (6.35) | (6.96) | (0.75) |
| Tax | 1.89 | 3.16 | 0.00 | (0.27) | (1.93) | (1.83) | (0.22) |
| Net profit | 6.14 | 3.47 | 4.12 | 1.25 | (4.25) | (3.99) | (0.53) |
| Net profit margin | +5.5% | +3.9% | +5.8% | +2.6% | -14.3% | -19.0% | -1.4% |
| EPS (₹) | 4.87 | 2.81 | 3.47 | 1.01 | (3.81) | (4.42) | (0.45) |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Equity & liabilities | |||||||
| Share capital | 12.60 | 12.37 | 11.89 | 11.60 | 11.60 | 11.60 | 11.60 |
| Reserves & surplus | 28.80 | 23.92 | 20.65 | 15.86 | 13.60 | 18.11 | 24.91 |
| Shareholders' funds (net worth) | 41.40 | 36.34 | 32.54 | 27.46 | 25.20 | 29.71 | 36.51 |
| Secured loans | 7.73 | 3.15 | 1.37 | 12.16 | 12.04 | 10.10 | 9.15 |
| Unsecured loans | 9.36 | 10.79 | 3.27 | 2.10 | 2.67 | 0.00 | 0.00 |
| Total debt | 17.09 | 13.94 | 4.64 | 14.26 | 14.71 | 10.10 | 9.15 |
| Total liabilities | 60.30 | 52.45 | 39.13 | 43.61 | 40.79 | 40.38 | 45.99 |
| Assets | |||||||
| Gross block | 25.43 | 23.25 | 12.71 | 11.63 | 13.59 | 9.63 | 7.30 |
| Net block | 13.96 | 13.40 | 6.86 | 6.06 | 7.74 | 6.10 | 4.63 |
| Capital work in progress | 2.55 | 2.78 | 1.20 | 0.71 | 0.00 | 0.00 | 2.55 |
| Investments | 0.18 | 0.31 | 0.29 | 0.35 | 0.31 | 0.28 | 0.27 |
| Inventories | 3.16 | 4.64 | 2.49 | 2.08 | 0.76 | 0.65 | 2.83 |
| Sundry debtors | 28.43 | 23.81 | 17.51 | 21.22 | 10.52 | 7.82 | 3.59 |
| Cash & bank balances | 68.28 | 29.70 | 27.92 | 17.57 | 22.47 | 18.48 | 27.30 |
| Loans & advances | 42.08 | 14.13 | 4.88 | 2.22 | 4.79 | 4.55 | 4.82 |
| Total current assets | 142 | 72.28 | 52.80 | 43.09 | 38.54 | 31.50 | 38.54 |
| Total current liabilities | 106 | 44.25 | 35.30 | 25.73 | 14.47 | 6.17 | 5.20 |
| Net working capital | 36.40 | 28.03 | 17.50 | 17.36 | 24.07 | 25.33 | 33.34 |
| Total assets | 60.30 | 52.45 | 39.13 | 43.61 | 40.79 | 40.38 | 45.99 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Opening cash | 4.64 | 0.67 | 2.16 | 13.08 | 12.21 | 14.40 | 14.58 |
| Net cash from operating activities | 39.83 | 2.55 | 22.21 | (4.49) | 2.98 | (8.24) | 3.13 |
| Net cash from investing activities | (29.37) | 2.30 | (11.56) | (5.60) | (2.78) | 7.32 | 0.82 |
| Net cash from financing activities | (0.83) | (0.88) | (12.14) | (0.83) | 0.68 | (1.27) | (4.14) |
| Net change in cash | 9.62 | 3.97 | (1.49) | (10.91) | 0.87 | (2.19) | (0.19) |
| Closing cash | 68.28 | 29.70 | 27.92 | 17.57 | 22.47 | 18.48 | 27.30 |
| Particulars | FY 2025-26 | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|---|---|
| Growth | |||||||
| Sales growth | +26.0% | +23.5% | +51.5% | +59.2% | +41.5% | -44.9% | - |
| EBITDA growth | +33.4% | +46.5% | +81.6% | +200.8% | +35.8% | -563.6% | - |
| PBT growth | +21.1% | +60.9% | +357.8% | +9998.0% | +8.8% | -828.0% | - |
| Net income growth | +77.0% | -15.8% | +229.6% | +129.4% | -6.5% | -652.8% | - |
| Revenue CAGR (3Y) | +33.1% | +43.9% | +50.6% | +7.5% | +5.0% | -16.2% | -4.8% |
| EBITDA CAGR (3Y) | +52.5% | - | - | +44.2% | - | +42.8% | -36.4% |
| Profitability & leverage | |||||||
| Net income margin | +5.5% | +3.9% | +5.8% | +2.5% | -14.9% | -24.4% | -1.4% |
| Return on capital employed | +17.8% | +17.5% | +12.3% | +4.8% | -13.5% | -12.4% | +1.5% |
| Return on net worth | +15.8% | +10.1% | +13.7% | +4.4% | -16.1% | -12.1% | -1.4% |
| Debt / equity | 0.40 | 0.27 | 0.31 | 0.55 | 0.45 | 0.29 | 0.25 |
| Long-term debt / equity | 0.20 | 0.15 | 0.05 | 0.06 | 0.03 | 0.00 | 0.00 |
| Interest cover | 20.96 | 18.43 | 20.61 | 58.64 | -14.99 | -6.56 | 290.00 |
| Efficiency & per share | |||||||
| Fixed asset turnover | 4.60 | 4.96 | 5.93 | 3.76 | 2.57 | 2.58 | 6.18 |
| Inventory turnover | 28.71 | 25.00 | 31.56 | 33.39 | 42.71 | 12.55 | 15.83 |
| Debtors turnover | 4.29 | 4.31 | 3.72 | 2.99 | 3.28 | 3.83 | 5.24 |
| EPS (₹) | 4.87 | 2.81 | 3.47 | 1.01 | (3.81) | (4.42) | (0.45) |
| Dividend per share (₹) | 1.50 | 1.50 | 1.00 | 0.00 | 0.00 | 0.00 | 1.50 |
| Book value per share (₹) | 32.85 | 29.34 | 27.37 | 23.67 | 21.73 | 25.62 | 31.48 |
To see the full year-wise statements and ratios of WSFX Global Pay Limited, buy the company report.
Board of directors of WSFX Global Pay Limited
WSFX Global Pay has 4 current directors and 39 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Asha Himanshu Shah Also directs: Aasaan Finvest Private Limited | Director | 19 May 2018 | 8 Years 5 Months | Current |
| Ramesh Venkataraman Also directs: Digispice Technologies Limited, Spice Money Limited | Director | 12 Oct 2016 | 10 Years 0 Months | Current |
| Srikrishna Narasimhan Also directs: Spice Money Limited | Whole-Time Director | 22 Dec 2017 | 8 Years 10 Months | Current |
| Ravinder Singh Amar | Director | 23 Sep 2024 | 2 Years 1 Months | Current |
Peer comparison
WSFX Global Pay Limited is compared with the 6 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 |
|---|---|---|---|---|---|---|
| WSFX Global Pay Limitedthis company | ₹111.52 Cr (FY 2026) | ₹6.14 Cr | 5.5% | 26.0% | 391 | Mumbai, Maharashtra, India |
| Quotava Forex Private Limited | ₹94.03 Cr (FY 2019) | -53.0% | Kolkata, West Bengal, India | |||
| Vedica Forex Private Limited | ₹91.38 Cr (FY 2024) | 1286948.0% | Delhi, India | |||
| D M S Forex Private Limited | ₹88.78 Cr (FY 2024) | 23.0% | Lucknow, Uttar Pradesh, India | |||
| Crown Forex (India) Private Limited | ₹88.55 Cr (FY 2024) | 163.0% | New Delhi, Delhi, India | |||
| Easy Mudra Private Limited | ₹88.45 Cr (FY 2024) | 588.0% | New Delhi, Delhi, India | |||
| Alankit Forex India Limited | ₹88.08 Cr (FY 2025) | 81.0% | New Delhi, Delhi, India |
To see the full peer comparison of WSFX Global Pay Limited, buy the company report.
Auditor
WSFX Global Pay Limited is audited by S.R. Batliboi & Co. LLP for the financial year 2025.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| S.R. Batliboi & Co. LLP | FY 2025 | 301003E/E300005 |
Shareholding
Shareholding for the quarter ended Sep 2026: promoters hold 57.00%, foreign institutional investors hold 0.00%, domestic institutional investors hold 0.00% and retail and other public shareholders hold 43.00%.
| Sep 2026 | Jun 2026 | Mar 2026 | Dec 2025 | |
|---|---|---|---|---|
| Promoters | 57.00% | 57.40% | 57.40% | 57.60% |
| Public | 43.00% | 42.60% | 42.60% | 42.40% |
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 18 Dec 2025 | 101214677 | Others | ₹10 Cr | Open | |
| 19 Mar 2025 | 101092664 | Others | ₹8 Cr | Open | |
| 04 Dec 2024 | 101022821 | Hdfc Bank Limited | ₹10 Cr | Open | |
| 03 Jun 2024 | 100939120 | Others | ₹17.5 Cr | Open | |
| 06 Aug 2021 | 100466503 | Others | ₹4 Cr | Satisfied |
To see the full charge records of WSFX Global Pay Limited, buy the company report.
Total charge records: 20 View all charges
Deals & funding
WSFX Global Pay Limited has 38 deals on record (35 market trades, 3 acquisitions); the latest was in March 2019.
Deals on record (5 of 38)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Market trade | ₹1.08 Cr | Buyer: Pratibhuti Viniyog Limited Seller: an individual |
| Jan 2019 | Market trade | ₹1.19 Cr | Buyer: Stocktalks Private Limited Seller: an individual |
| Nov 2016 | Market trade | ₹1.55 Cr | Buyer: Stocktalks Private Limited Seller: an individual |
| Mar 2015 | Market trade | ₹96.4 Lakh | Seller: Colossal Homeland Buildup Private Limited |
| Feb 2015 | Market trade | ₹76.5 Lakh | Buyer: Stocktalks Private Limited Seller: Colossal Homeland Buildup Private Limited |
To see the full deal history of WSFX Global Pay Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
WSFX Global Pay Limited has 8 court cases on record: 8 filed by WSFX Global Pay. 3 cases are pending and 5 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 7 | 0 | 3 |
| District courts | 1 | 0 | 0 |
Cases on record (5 of 8)
| Court | Type of case | Party | Status |
|---|---|---|---|
| Bombay High Court | Writ petition | Filed by the company against Assessing Officer /Income Tax Officer | Pending |
| Bombay High Court | Interim or miscellaneous application | Filed by the company against A S Patel Trust | Pending |
| High Court, MAHARASHTRA | Interim or miscellaneous application | Filed by the company against Wall Street Finance Limited, Mumbai | Pending |
| High Court | Writ petition | Filed by the company against individuals | Disposed |
| High Court of Delhi | Appeal | Filed by the company against an individual | Disposed |
To see the full case history of WSFX Global Pay 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 WSFX Global Pay Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
Employees & EPFO
WSFX Global Pay Limited has a workforce of 391 employees on its EPFO records as of Nov 20, 2025, across 4 active EPFO establishments.
GST
WSFX Global Pay has 20 GST registrations: 13 active and 7 cancelled or inactive. The first 4 active GSTINs are listed below.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAACW1258P1ZV | Maharashtra | Active | 01 Jul 2017 |
| 27AAACW1258P2ZU | Maharashtra | Active | 22 Apr 2025 |
| 03AAACW1258P1Z5 | Punjab | Active | 01 Jul 2017 |
| 04AAACW1258P1Z3 | Chandigarh | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of WSFX Global Pay Limited, buy the company report.
Recent activity
WSFX Global Pay Limited has 71 board changes on record since 1986: 38 appointments and 33 cessations. The latest: Brij Gopal Daga ceased to be Director on 23 Sep 2024.
112 earlier events are in the company report.
News
Frequently asked questions
WSFX Global Pay is an active public limited company based in Mumbai, Maharashtra, India. The company works in forex services, within the financial services industry. It was incorporated on 25 April 1986 (40+ years old) and is registered under CIN L99999MH1986PLC039660. Listed on BSE: 511147.
WSFX Global Pay reported revenue of ₹111.52 Cr for FY 2025-26 (up 26% YoY) based on standalone financials.
WSFX Global Pay has 4 current directors:
- Srikrishna Narasimhan - Whole-Time Director
- Asha Himanshu Shah - Director
- Ramesh Venkataraman - Director
- Ravinder Singh Amar - Director
The latest financial statements of WSFX Global Pay on record with the MCA are for the year ended 31 March 2026. Its last annual general meeting was held on 24 September 2025. Year-wise statements from 2015 are in the company report.
The GSTIN of WSFX Global Pay is 27AAACW1258P1ZV, registered in Maharashtra. The company has 20 GST registrations in all, of which 13 are active and 7 are cancelled or inactive. Other active GSTINs include 27AAACW1258P2ZU (Maharashtra), 03AAACW1258P1Z5 (Punjab), 04AAACW1258P1Z3 (Chandigarh).
The CIN (Corporate Identification Number) of WSFX Global Pay is L99999MH1986PLC039660. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Yes. WSFX Global Pay is a listed company as per MCA records. Its shares are listed on BSE (code: 511147).
WSFX Global Pay has 8 court cases on record: 8 filed by the company. 3 are pending. Most are in the high courts.
WSFX Global Pay was incorporated on 25 April 1986, making it 40+ years old. It is registered with the Registrar of Companies, Mumbai.
WSFX Global Pay has 38 deals on record (35 market trades, 3 acquisitions); the latest was in March 2019.
The peers of WSFX Global Pay by revenue are Quotava Forex Private Limited, Vedica Forex Private Limited, D M S Forex Private Limited, Crown Forex (India) Private Limited, Easy Mudra Private Limited and 1 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).