About Xe Forex Bureau India Private Limited
Data last updated:
Xe Forex Bureau India 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 22 November 2013 and has been in existence for over 13 years.
The company is registered with the Registrar of Companies (ROC), Gwalior, under CIN U74900MP2013PTC031812. Its GSTIN is 23AAACX1492N1Z2 (Madhya Pradesh). The company holds 4 GST registrations, of which 2 are active.
The company has an authorised share capital of ₹51 Lakh and a paid-up capital of ₹51 Lakh. It is led by directors Muskan Keswani and Shubham Malviya.
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 E – 3/45 C – 4 Ten Cross Road 10 No. Stop Arera Colony, Bhopal, Madhya Pradesh, India – 462016.
As per the financials filed for FY 2025, the company reported a revenue of ₹33.48 Cr, a decline of 10% compared to the previous year. For the same year it recorded a net profit of ₹7.09 Lakh (net margin 0.2%) and EBITDA of ₹16.22 Lakh (EBITDA margin 0.5%). Revenue has declined at a compounded annual rate (CAGR) of 63% over three years and 11% over five years.
The company is associated with 1 brand: Xe Forex Bureau India. As per MCA filings, the company has open charges of ₹15 Lakh and satisfied charges of ₹7.96 Lakh on record. Court records list 1 case involving the company, including 1 filed by the company.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website xeforex.in.
Company details
Contact details
Xe Forex Bureau India Private Limited's registered office is in Bhopal, Madhya Pradesh. Its website is xeforex.in. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered AddressE – 3/45 C – 4 Ten Cross Road 10 No. Stop Arera Colony, Bhopal, Madhya Pradesh, India – 462016
- IndustryFinancial Services, Forex Services
To see the full contact details of Xe Forex Bureau India Private 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
Xe Forex Bureau India operates one associated brand: Xe Forex Bureau India. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provider of currency conversion, money transfer services, and overseas remittance solutions | xeforex.in |
Business activity
The main business activity of Xe Forex Bureau India 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 Xe Forex Bureau India Private Limited, buy the company report.
Financials of Xe Forex Bureau India Private Limited
FY 2025 filings availableXe Forex Bureau India Private Limited reported revenue of ₹33.48 Cr (down 10% YoY) for FY 2025.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 11% over five years, including a 10% fall in the latest year. EBITDA rose 11% 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 | FY 2020-21 |
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| EBITDA | ₹16.22 Lakh | ||||
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| Net Profit (PAT) | ₹7.09 Lakh | ||||
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Financial Ratios
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
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| EBITDA Margin | 0.5% | ||||
| Net Profit Margin | 0.2% | ||||
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To see the full financial statements and ratios of Xe Forex Bureau India Private Limited, buy the company report.
Board of directors of Xe Forex Bureau India Private Limited
Xe Forex Bureau 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 |
|---|---|---|---|---|
| Muskan Keswani | Director | 22 Nov 2013 | 12 Years 11 Months | Current |
| Shubham Malviya | Director | 15 Oct 2023 | 3 Years 0 Months | Current |
Peer comparison
Xe Forex Bureau India Private 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 |
|---|---|---|---|---|---|---|
| Attractive Price Forex Private Limited | ₹33.76 Cr (FY 2024) | 4.0% | Secunderabad, Telangana, India | |||
| Lulu Forex Private Limited | ₹33.57 Cr (FY 2025) | 6.0% | Ernakulam, Kerala, India | |||
| Xe Forex Bureau India Private Limitedthis company | ₹33.48 Cr (FY 2025) | ₹7.09 Lakh | 0.2% | -10.0% | Bhopal, Madhya Pradesh, India | |
| Attraction Forex & Travels Private Limited | ₹33.37 Cr (FY 2025) | -25.0% | Kolkata, West Bengal, India | |||
| Durga Forex Pvt Ltd | ₹32.95 Cr (FY 2025) | 255.0% | Punjab, India | |||
| Atul Expresscom (Money Changers) Private Limited | ₹32.67 Cr (FY 2025) | 38.0% | New Delhi, Delhi, India | |||
| Maa Ratanti Forex & Travels Private Limited | ₹32.53 Cr (FY 2025) | -40.0% | Kolkata, West Bengal, India |
To see the full peer comparison of Xe Forex Bureau India Private Limited, buy the company report.
Auditor
Xe Forex Bureau India Private Limited is audited by VINAY NAVEEN & CO for the financial year 2020.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| VINAY NAVEEN & CO | FY 2020 | 009188C |
Shareholding
The shareholding of Xe Forex Bureau India Private Limited is on record for 3 financial years, the latest being FY 2020, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2020 | FY 2017 | FY 2016 |
|---|---|---|---|
| Promoters | |||
| Domestic institutional investors (DII) | |||
| Foreign institutional investors (FII) | |||
| Public | |||
| Others |
To see the full shareholding pattern of Xe Forex Bureau India Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Oct 2023 | 100869488 | Others | ₹15 Lakh | Open | |
| 22 Nov 2016 | 100132286 | Others | ₹7.96 Lakh | Satisfied |
To see the full charge records of Xe Forex Bureau India Private Limited, buy the company report.
Total charge records: 2 View all charges
Legal cases
Xe Forex Bureau India Private Limited has 1 court case on record: 1 filed by Xe Forex Bureau India. 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 Xe Forex Bureau India 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 Xe Forex Bureau India Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Xe Forex Bureau India has 4 GST registrations: 2 active and 2 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 23AAACX1492N1Z2 | Madhya Pradesh | Active | 01 Jul 2017 |
| 09AAACX1492N1ZS | Uttar Pradesh | Active | 17 Sep 2017 |
To see the full GST registrations and return filing status of Xe Forex Bureau India Private Limited, buy the company report.
Recent activity
Xe Forex Bureau India Private Limited has 3 board changes on record since 2013: 2 appointments and 1 cessation. The latest: Amit Keswani ceased to be Director on 05 Apr 2024.
Frequently asked questions
Xe Forex Bureau India 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 22 November 2013 (13+ years old) and is registered under CIN U74900MP2013PTC031812.
Xe Forex Bureau India has 2 current directors:
- Muskan Keswani - Director
- Shubham Malviya - Director
The latest financial statements of Xe Forex Bureau India 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 2015 are in the company report.
The GSTIN of Xe Forex Bureau India is 23AAACX1492N1Z2, registered in Madhya Pradesh. The company has 4 GST registrations in all, of which 2 are active and 2 are cancelled or inactive. Other active GSTINs include 09AAACX1492N1ZS (Uttar Pradesh).
The CIN (Corporate Identification Number) of Xe Forex Bureau India is U74900MP2013PTC031812. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Xe Forex Bureau India has 1 court case on record: 1 filed by the company.
Xe Forex Bureau India was incorporated on 22 November 2013, making it 13+ years old. It is registered with the Registrar of Companies, Gwalior.
The peers of Xe Forex Bureau India by revenue are Attractive Price Forex Private Limited, Lulu Forex Private Limited, Attraction Forex & Travels Private Limited, Durga Forex Pvt Ltd, Atul Expresscom (Money Changers) Private Limited and 1 more, all in the BFSI industry (Money Exchange Services), with the same principal business activity (other financial activities).
Amit Keswani ceased to be Director on 05 Apr 2024. Shubham Malviya was appointed as Director on 15 Oct 2023. Muskan Keswani was appointed as Director on 22 Nov 2013.
Xe Forex Bureau India can be reached through the website xeforex.in. Its registered office is in Bhopal, Madhya Pradesh, India.
The registered office of Xe Forex Bureau India is at E – 345 C – 4 Ten Cross Road 10 No. Stop Arera Colony, Bhopal, Madhya Pradesh, India – 462016.