I-Forex (India) Private Limited

Provides forex exchange services, including currency conversion, money transfers, and remittances.

2016 | Bangaluru, Karnataka (India) | Active
Last Updated: December 04, 2024

I-Forex (India) Profile

Key Indicators

  • Authorised Capital ₹ 8.00 M
  • Paid Up Capital ₹ 8.00 M
  • Company Age 8 Year, 11 Months
  • Last Filing with ROC 31 Mar 2024
  • Satisfied Charges ₹ 1.20 Cr
  • Revenue Growth 488.35%
  • Profit Growth 20.01%
  • Ebitda 25.07%
  • Net Worth -3.86%
  • Total Assets -31.94%

About I-Forex (India)

I-Forex (India) Private Limited (IIPL) is a Private Limited Indian Non-Government Company incorporated in India on 24 March 2016 (Eight years and 11 months 3 days old ). Its registered office is in Bangaluru, Karnataka, 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 8.00 M and a paid-up capital of Rs 8.00 M.

The company has closed loans amounting to ₹1.20 Cr, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Shakthi Mani and Yelahanka Rajesh serve as directors at the Company.

Company Details

  • Location

    Bangaluru, Karnataka, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    iforexindia.com

  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U63040KA2016PTC087217

  • Company No.

    087217

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    24 Mar 2016

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Bangalore

Industry

Financial Services

Who are the key members and board of directors at I-Forex (India)?

Board Members (2)

NameDesignationAppointment DateStatus
Yelahanka Rajesh Country flag representing In Director 24-Mar-2016Current
Shakthi Mani Country flag representing In Director 24-Mar-2016Current

Financial Performance of I-Forex (India).

I-Forex (India) Private Limited, for the financial year ended 2022, experienced significant growth in revenue, with a 488.35% increase. The company also saw a substantial improvement in profitability, with a 20.01% increase in profit. The company's net worth dipped by a decrease of 3.86%.

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
488.35%
Revenue from Operations
488.35%
Total Assets
-31.94%
Profit or Loss
20.01%
Net Worth
-3.86%
EBITDA
25.07%

What is the Ownership and Shareholding Structure of I-Forex (India)?

In 2021, I-Forex (India) had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹0

Satisfied Charges

₹12.00 M

Charges Breakdown by Lending Institutions

  • Others : 0.70 Cr
  • Yes Bank Limited : 0.50 Cr

Latest Charge Details

DateLenderAmountStatus
11 Jan 2018Yes Bank Limited₹5.00 MSatisfied
31 Jan 2017Others₹7.00 MSatisfied

How Many Employees Work at I-Forex (India)?

I-Forex (India) has a workforce of 11 employees as of Mar 31, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of I-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 I-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 I-Forex (India)

Recent activity within the organization

  • Annual General Meeting

    I-Forex (India) Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    I-Forex (India) Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Bangalore.

    31 Mar 2024

  • Charges

    A charge registered on 31 Jan 2017 via Charge ID 100075175 with Others was fully satisfied on 07 May 2020.

    07 May 2020

  • Charges

    A charge registered on 11 Jan 2018 via Charge ID 100158923 with Yes Bank Limited was fully satisfied on 29 Jan 2020.

    29 Jan 2020

  • Charges

    A charge with Yes Bank Limited amounted to Rs. 5.00 M with Charge ID 100158923 was registered on 11 Jan 2018.

    11 Jan 2018

  • Charges

    A charge with Others amounted to Rs. 7.00 M with Charge ID 100075175 was registered on 31 Jan 2017.

    31 Jan 2017

Frequently asked questions

  • I-Forex (India) Private Limited was incorporated on 24 Mar 2016.

  • The authorized share capital of I-Forex (India) Private Limited is ₹ 8.00 M and paid-up capital is ₹ 8.00 M.

  • Currently 2 directors are associated with I-Forex (India) Private Limited.

    • Shakthi Velu Mani
    • Yelahanka Puttaraju Rajesh
  • As per Ministry of Corporate Affairs (Mca), the registered address of I-Forex (India) Private Limited is 117 Old No:2 9Th Main 27Th Cross 3Rd Block, Jayanagar India, Bangalore, Karnataka, 560011.

  • The corporate identification number (CIN) of I-Forex (India) Private Limited is U63040KA2016PTC087217 and the company number is 087217 as per Ministry of Corporate Affairs (MCA).

  • The Official website of I-Forex (India) Private Limited is https://www.iforexindia.com

  • According to the financial reports for the fiscal year 2022, the revenue trend for I-Forex (India) Private Limited has risen by 488.35%.

  • As Per 2022 financial reports, 11 employees are currently employed by I-Forex (India) Private Limited.

  • The financial reports for the fiscal year 2022 indicates that The net worth of I-Forex (India) Private Limited has experienced an downturn of -3.86%.

  • The most recent Balance Sheet for I-Forex (India) Private Limited was filed with the ROC on 31 Mar 2024.