Vatsal Raj Maheshwari
About Vatsal Raj Maheshwari
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Vatsal Raj Maheshwari is a Director at Honest Deal Forex Limited (since 2024), Director at Arm Commercial Services Private Limited (since 2019) and Director at Upmint Solutions Private Limited (since 2020), and holds 2 more current directorships. The companies operate in Financial Services, Food And Beverages and BFSI. The 3 current companies with reported revenue have a combined latest revenue of ₹418 Cr; the largest is Honest Deal Forex Limited at ₹374 Cr (FY 2025). Earlier, Vatsal Raj Maheshwari was an Additional Director at Arm Insurance & Tpa Co Private Limited (2020–2025) and Director at Aditya Asset Reconstruction Enterprises Limited (2019–2021) and 7 more.
Current companies
| Company | Designation | Appointment | Founded | Revenue | Status |
|---|---|---|---|---|---|
 Honest Deal Forex Limited U63000UP2010PLC040326 | Director | 08 Aug 2024 | 2010 | ₹374 Cr (FY 2025) | Active |
| Arm Commercial Services Private Limited U64990DL2010PTC307091 | Director | 22 Apr 2019 | 2010 | ₹44.18 Cr (FY 2024) | Active |
| Upmint Solutions Private Limited U74110DL2020PTC373750 | Director | 26 Nov 2020 | 2020 | ₹15.2 Lakh (FY 2024) | Active |
| Arm Technology Services Private Limited U62099DL2026PTC468059 | Director | 02 Jul 2026 | 2026 | Active | |
| Air Vimana Limited U52231DL2023PLC417950 | Director | 31 Jul 2023 | 2023 | Active |
Previous companies
| Company | Designation | Appointment | Founded | Revenue | Status |
|---|---|---|---|---|---|
| Arm Insurance & Tpa Co Private Limited U63030UP1999PTC024798 | Additional Director | 05 Nov 2020 | 1999 | ₹3.1 Lakh (FY 2025) | Active |
| Aditya Asset Reconstruction Enterprises Limited U47912DL2015PLC288858 | Director | 26 Apr 2019 | 2015 | ₹1.5 Lakh (FY 2024) | Active |
| Aditya Treasury Services Private Limited U65999DL2018PTC328301 | Director | 27 Apr 2019 | 2018 | ₹61,300 (FY 2025) | Active |
| Bhavishya Tradecom Private Limited U51101WB2010PTC143626 | Director | 25 Apr 2019 | 2010 | ₹14,400 (FY 2022) | Amalgamated |
| Klenzer Distributors Private Limited U51101WB2010PTC143831 | Director | 23 Apr 2019 | 2010 | ₹8,200 (FY 2022) | Amalgamated |
| Vindhya Tie-Up Private Limited U51909WB2008PTC123500 | Director | 23 Apr 2019 | 2008 | ₹19,120 (FY 2022) | Amalgamated |
| Falcon Retailers Private Limited U51909DL2010PTC306455 | Director | 24 Apr 2019 | 2010 | ₹7,800 (FY 2022) | Amalgamated |
| Glory Dealtrade Private Limited U51909DL2010PTC306457 | Director | 25 Apr 2019 | 2010 | ₹7,500 (FY 2022) | Amalgamated |
| Basudeo Creation Private Limited U52322DL2007PTC306459 | Director | 24 Apr 2019 | 2007 | ₹8.6 Lakh (FY 2022) | Amalgamated |
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Board colleagues of Vatsal Raj Maheshwari
| Name | DIN | Company | Designation |
|---|---|---|---|
| Aditya Raj Maheshwari | 03027364 | Honest Deal Forex Limited , Arm Commercial Services Private Limited and 1 more | Director |
| Ritu Maheshwari | 01176676 | Honest Deal Forex Limited , Arm Commercial Services Private Limited and 2 more | Managing Director |
| Rajendra Kumar Gupta | 06831177 | Arm Commercial Services Private Limited | Director |
| Siddhant Pandey | 10869554 | Arm Commercial Services Private Limited | Director |
| Anand Vikram Tripathi | 08163562 | Upmint Solutions Private Limited | Director |
| Devendra Kumar Singh | 10311305 | Upmint Solutions Private Limited | Director |
| Kishori Lal Dhingra | 00388194 | Upmint Solutions Private Limited | Director |
| Rachit Maheshwari | 10043555 | Upmint Solutions Private Limited | Director |
| Parth Raj Maheshwari | 11047653 | Arm Technology Services Private Limited , Air Vimana Limited | Director |
| Anil Kumar Agarwal | 08974036 | Air Vimana Limited | Individual Subscriber |
| Arvind Raj Maheshwari | 00616348 | Air Vimana Limited | Individual Subscriber |
| Rishi Raj Maheshwari | 00616279 | Air Vimana Limited | Director |
Directorship timeline
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Frequently Asked Questions about Vatsal Raj Maheshwari
Vatsal Raj Maheshwari currently holds 5 directorships: Honest Deal Forex Limited (Director, since 08 Aug 2024, revenue ₹374 Cr (FY 2025)); Arm Commercial Services Private Limited (Director, since 22 Apr 2019, revenue ₹44.18 Cr (FY 2024)); Upmint Solutions Private Limited (Director, since 26 Nov 2020, revenue ₹15.2 Lakh (FY 2024)); Arm Technology Services Private Limited (Director, since 02 Jul 2026); Air Vimana Limited (Director, since 31 Jul 2023).
Vatsal Raj Maheshwari was first appointed on 22 Apr 2019 as Director at Arm Commercial Services Private Limited. The most recent appointment on record is 02 Jul 2026 at Arm Technology Services Private Limited.
The 3 current companies of Vatsal Raj Maheshwari that report revenue have a combined latest revenue of ₹418 Cr: Honest Deal Forex Limited ₹374 Cr (FY 2025); Arm Commercial Services Private Limited ₹44.18 Cr (FY 2024); Upmint Solutions Private Limited ₹15.2 Lakh (FY 2024).
Vatsal Raj Maheshwari held 9 earlier board appointments: Arm Insurance & Tpa Co Private Limited (Additional Director, 05 Nov 2020 to 02 Apr 2025); Aditya Asset Reconstruction Enterprises Limited (Director, 26 Apr 2019 to 09 Sep 2021); Aditya Treasury Services Private Limited (Director, 27 Apr 2019 to 22 Sep 2021); Bhavishya Tradecom Private Limited (Director, from 25 Apr 2019); Klenzer Distributors Private Limited (Director, from 23 Apr 2019); and 4 more.
The current boards of Vatsal Raj Maheshwari's companies include Aditya Raj Maheshwari (Honest Deal Forex Limited), Ritu Maheshwari (Honest Deal Forex Limited), Rajendra Kumar Gupta (Arm Commercial Services Private Limited), Siddhant Pandey (Arm Commercial Services Private Limited), Anand Vikram Tripathi (Upmint Solutions Private Limited), Devendra Kumar Singh (Upmint Solutions Private Limited), among others.