Formax Forex India Private Limited

Company provides foreign exchange services, money transfer, and consultancy in foreign exchange management.

2019 | Ujjain, Madhya Pradesh (India) | Active
Last Updated: December 22, 2024

Formax Forex India Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 5.00 M
  • Company Age 5 Year, 3 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 5902.81%
  • Profit Growth 22.11%
  • Ebitda -564.85%
  • Net Worth 0.60%
  • Total Assets 3.02%

About Formax Forex India

Formax Forex India Private Limited (FFIPL) is a Private Limited Indian Non-Government Company incorporated in India on 28 November 2019 (Five years and three months 2 days old ). Its registered office is in Ujjain, Madhya Pradesh, India.

The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 5.00 M and a paid-up capital of Rs 5.00 M, as per Ministry of Corporate Affairs (MCA) records.

Pravin Jain, Sanjeev Yadav, and Abhishek Shah serve as directors at the Company.

Company Details

  • Location

    Ujjain, Madhya Pradesh, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U65929MP2019PTC050214

  • Company No.

    050214

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    28 Nov 2019

  • Date of AGM

    25 Jul 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Gwalior

Industry

Financial Services

Who are the key members and board of directors at Formax Forex India?

Financial Performance of Formax Forex India.

Formax Forex India Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 5902.81% increase. The company also saw a substantial improvement in profitability, with a 22.11% increase in profit. The company's net worth moved up by a moderate rise of 0.6%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
5902.81%
Revenue from Operations
Total Assets
3.02%
Profit or Loss
22.11%
Net Worth
0.60%
EBITDA
-564.85%

What is the Ownership and Shareholding Structure of Formax Forex India?

Unlock access to Formax Forex India's control and ownership data, Corporate Shareholding Patterns, Funding (security allotment) details, Foreign Institutional Investor information, Directors and Key Management Personnel (KMP) Remuneration, Group Structure, Overseas Direct Investment and other pertinent data.

Shareholding Indicator graph

Charges (Loans)

Placeholder for charges-related data

There are no open charges registered against the company as per our records.

How Many Employees Work at Formax Forex India?

Unlock and access historical data on people associated with Formax Forex India, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Formax Forex India, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Formax Forex India's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Formax Forex India

Recent activity within the organization

  • Annual General Meeting

    Formax Forex India Private Limited last Annual general meeting of members was held on 25 Jul 2024 as per latest MCA records.

    25 Jul 2024

  • Balance Sheet

    Formax Forex India Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Gwalior.

    31 Mar 2024

  • Director Appointment

    Abhishek Shah was appointed as a Director was appointed as a Director on 25 Apr 2022 & has been associated with this company since 2 years 10 months .

    25 Apr 2022

  • Director Appointment

    Pravin Jain was appointed as a Director was appointed as a Director on 28 Nov 2019 & has been associated with this company since 5 years 3 months .

    28 Nov 2019

  • Director Appointment

    Sanjeev Yadav was appointed as a Director was appointed as a Director on 28 Nov 2019 & has been associated with this company since 5 years 3 months .

    28 Nov 2019

  • Company Incorporation

    Formax Forex India Private Limited was registered on 28 Nov 2019 with Roc Gwalior & aged 5 years 3 months as per MCA records.

    28 Nov 2019

Frequently asked questions

  • What is the Incorporation or founding date of Formax Forex India Private Limited?

    Formax Forex India Private Limited was incorporated on 28 Nov 2019.

  • What is authorized share capital and paid-up capital of Formax Forex India Private Limited?

    The authorized share capital of Formax Forex India Private Limited is ₹ 5.00 M and paid-up capital is ₹ 5.00 M.

  • Who are the current board members & directors of Formax Forex India Private Limited?

    Currently 3 directors are associated with Formax Forex India Private Limited.

    • Pravin Jain
    • Sanjeev Yadav
    • Abhishek Shah
  • What is the registered address of Formax Forex India Private Limited?

    As per Ministry of Corporate Affairs (Mca), the registered address of Formax Forex India Private Limited is 110 Najar Ali Marg, India, Ujjain, Madhya Pradesh, 456001.

  • What is the corporate identification number (CIN) and company number of Formax Forex India Private Limited?

    The corporate identification number (CIN) of Formax Forex India Private Limited is U65929MP2019PTC050214 and the company number is 050214 as per Ministry of Corporate Affairs (MCA).

  • What has been the recent revenue trend for Formax Forex India Private Limited?

    According to the financial reports for the fiscal year 2022, the revenue trend for Formax Forex India Private Limited has risen by 5902.81%.

  • What change has been observed in the net worth of Formax Forex India Private Limited, and by what percentage?

    The financial reports for the fiscal year 2022 indicates that The net worth of Formax Forex India Private Limited has experienced an upsurge of 0.60%.

  • When was the last Balance Sheet of Formax Forex India Private Limited filed with the ROC?

    The most recent Balance Sheet for Formax Forex India Private Limited was filed with the ROC on 31 Mar 2024.