Garg Forex Private Limited

Provides commodity brokerage and foreign exchange services, approved by RBI and following government guidelines.

2004 | Moga, Punjab (India) | Active
Last Updated: December 30, 2024

Garg Forex Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 5.00 M
  • Company Age 21 Year, 1 Month
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 131.18%
  • Profit Growth -846.18%
  • Ebitda -131.87%
  • Net Worth -1.13%
  • Total Assets -6.33%

About Garg Forex

Garg Forex Private Limited (GFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 09 January 2004 and has a history of 21 years and one month. Its registered office is in Moga, Punjab, 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.

Sham Lal, Hari Gupta, and Shimla serve as directors at the Company.

Company Details

  • Location

    Moga, Punjab, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U67190PB2004PTC026704

  • Company No.

    026704

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    09 Jan 2004

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chandigarh

Industry

Financial Services

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

Executive Team (1)

Name Designation Appointment Date Status
Sham Lal Country flag representing In Managing Director 09-Jan-2004 Current

Board Members (2)

Name Designation Appointment Date Status
Hari Gupta Country flag representing In Director 27-Feb-2019 Current
Shimla Country flag representing In Director 09-Jan-2004 Current

Financial Performance of Garg Forex.

Garg Forex Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 131.18% increase. The company also saw a substantial fall in profitability, with a 846.18% decrease in profit. The company's net worth dipped by a decrease of 1.13%.

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
131.18%
Revenue from Operations
132.04%
Total Assets
-6.33%
Profit or Loss
-846.18%
Net Worth
-1.13%
EBITDA
-131.87%

What is the Ownership and Shareholding Structure of Garg Forex?

In 2019, Garg Forex had a promoter holding of 71.43% and a public holding of 28.57%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

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 Garg Forex?

Unlock and access historical data on people associated with Garg Forex, 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 Garg Forex, 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 Garg Forex'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 Garg Forex

Recent activity within the organization

  • Annual General Meeting

    Garg Forex Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Garg Forex Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Chandigarh.

    31 Mar 2024

  • Director Appointment

    Hari Om Gupta was appointed as a Director was appointed as a Director on 27 Feb 2019 & has been associated with this company since 5 years 11 months .

    27 Feb 2019

  • Director Appointment

    Sham Lal was appointed as a Managing Director was appointed as a Managing Director on 09 Jan 2004 & has been associated with this company since 21 years 1 month .

    09 Jan 2004

  • Director Appointment

    Shimla was appointed as a Director was appointed as a Director on 09 Jan 2004 & has been associated with this company since 21 years 1 month .

    09 Jan 2004

  • Company Incorporation

    Garg Forex Private Limited was registered on 09 Jan 2004 with Roc Chandigarh & aged 21 years 1 month as per MCA records.

    09 Jan 2004

Frequently asked questions

  • Garg Forex Private Limited was incorporated on 09 Jan 2004.

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

  • Currently 3 directors are associated with Garg Forex Private Limited.

    • Sham Lal
    • Hari Om Gupta
    • Shimla
  • As per Ministry of Corporate Affairs (Mca), the registered address of Garg Forex Private Limited is Ram Ganj Roadbajaj Soap Building Moga India, Punjab, 142001.

  • The corporate identification number (CIN) of Garg Forex Private Limited is U67190PB2004PTC026704 and the company number is 026704 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2022, the revenue trend for Garg Forex Private Limited has risen by 131.18%.

  • The financial reports for the fiscal year 2022 indicates that The net worth of Garg Forex Private Limited has experienced an downturn of -1.13%.

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

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