Palak Forex Private Limited

Palak Forex Private Limited

Provides foreign exchange, money exchange, and money transfer services since 2004 in Mumbai.
2004 | Mumbai, Maharashtra (India) | Active

Last Updated:

November 16, 2024
HomeCompanyPalak Forex Private Limited

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

Board Members(2)

NameDesignationAppointment DateStatus
Mahesh Parekh In Director 20-May-2004Current
Amit Jain 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%.

Revenue Growth Graph
Profit Loss Graph
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metric
(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%

Related Corporates (Common Directorship)

Charges (Loans)

Charges

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.

Employee Graph

Deals i

Rating

Alerts

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 7 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 7 months .

    20 May 2004

  • Company Incorporation

    Palak Forex Private Limited was registered on 20 May 2004 with Roc Mumbai & aged 20 years 7 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.

Similar Companies Based on Forex Services