Palak Forex Private Limited

Provides foreign exchange, money exchange, and money transfer services since 2004 in Mumbai.

2004 | Mumbai, Maharashtra (India) | Active
Last Updated: January 27, 2025

Palak Forex Profile

Key Indicators

  • Authorised Capital ₹ 2.50 M
  • Paid Up Capital ₹ 2.50 M
  • Company Age 20 Year, 9 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth 105.13%
  • Profit Growth 566.39%
  • Ebitda 413.87%
  • Net Worth 40.44%
  • Total Assets -6.44%

About Palak Forex

Palak Forex Private Limited (PFPL) is a leading Private Limited Indian Non-Government Company incorporated in India on 20 May 2004 and has a history of 20 years and nine months. Its registered office is in Mumbai, Maharashtra, 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 2.50 M and a paid-up capital of Rs 2.50 M, as per Ministry of Corporate Affairs (MCA) records.

Mahesh Parekh and Amit Jain serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    -

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U74999MH2004PTC146425

  • Company No.

    146425

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    20 May 2004

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Financial Services

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

Board Members (2)

NameDesignationAppointment DateStatus
Mahesh Parekh Country flag representing In Director 20-May-2004Current
Amit Jain Country flag representing In Director 20-May-2004Current

Financial Performance of Palak Forex.

Palak Forex Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 105.13% increase. The company also saw a substantial improvement in profitability, with a 566.39% increase in profit. The company's net worth Soared by an impressive increase of 40.44%.

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
105.13%
Revenue from Operations
105.10%
Total Assets
-6.44%
Profit or Loss
566.39%
Net Worth
40.44%
EBITDA
413.87%

What is the Ownership and Shareholding Structure of Palak Forex?

In 2023, Palak Forex 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)

Placeholder for charges-related data

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

How Many Employees Work at Palak Forex?

Unlock and access historical data on people associated with Palak 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 Palak 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 Palak 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 Palak Forex

Recent activity within the organization

  • Annual General Meeting

    Palak 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

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

    31 Mar 2024

  • Director Appointment

    Mahesh Rajmal Parekh was appointed as a Director was appointed as a Director on 20 May 2004 & has been associated with this company since 20 years 9 months .

    20 May 2004

  • Director Appointment

    Amit Valchand Jain was appointed as a Director was appointed as a Director on 20 May 2004 & has been associated with this company since 20 years 9 months .

    20 May 2004

  • Company Incorporation

    Palak Forex Private Limited was registered on 20 May 2004 with Roc Mumbai & aged 20 years 9 months as per MCA records.

    20 May 2004

Frequently asked questions

  • Palak Forex Private Limited was incorporated on 20 May 2004.

  • The authorized share capital of Palak Forex Private Limited is ₹ 2.50 M and paid-up capital is ₹ 2.50 M.

  • Currently 2 directors are associated with Palak Forex Private Limited.

    • Mahesh Rajmal Parekh
    • Amit Valchand Jain
  • As per Ministry of Corporate Affairs (Mca), the registered address of Palak Forex Private Limited is 201 2Nd Floor Pratik Avenuenehru Road Vile Parle (E) India, Mumbai, Maharashtra, 400057.

  • The corporate identification number (CIN) of Palak Forex Private Limited is U74999MH2004PTC146425 and the company number is 146425 as per Ministry of Corporate Affairs (MCA).

  • According to the financial reports for the fiscal year 2023, the revenue trend for Palak Forex Private Limited has risen by 105.13%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Palak Forex Private Limited has experienced an upsurge of 40.44%.

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