Welcome Forex Private Limited

Provides foreign exchange and money exchange services, including currency conversion, cash exchange, and Western Union transfers.

2013 | Chennai, Tamil Nadu (India) | Active
Last Updated: December 04, 2024

Welcome Forex Profile

Key Indicators

  • Authorised Capital ₹ 5.00 M
  • Paid Up Capital ₹ 5.00 M
  • Company Age 11 Year, 2 Months
  • Last Filing with ROC 31 Mar 2024
  • Revenue Growth -42.17%
  • Profit Growth 12.55%
  • Ebitda 121.16%
  • Net Worth 4.89%
  • Total Assets -36.02%

About Welcome Forex

Welcome Forex Private Limited (WFPL) is a Private Limited Indian Non-Government Company incorporated in India on 04 December 2013 and has a history of 11 years and two months. Its registered office is in Chennai, Tamil Nadu, 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.

Sultan Kader and Saiyath Ali serve as directors at the Company.

Company Details

  • Location

    Chennai, Tamil Nadu, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address

  • Website

    welcomeeforex.com

  • Social Media
    -

Corporate Identity Details

  • CIN/LLPIN

    U67100TN2013PTC094047

  • Company No.

    094047

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    04 Dec 2013

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Chennai

Industry

Financial Services

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

Board Members (2)

NameDesignationAppointment DateStatus
Sultan Kader Country flag representing In Director 29-Jul-2019Current
Saiyath Ali Country flag representing In Director 17-Jun-2016Current

Financial Performance of Welcome Forex.

Welcome Forex Private Limited, for the financial year ended 2020, experienced significant reduction in revenue, with a 42.17% decrease. The company also saw a substantial improvement in profitability, with a 12.55% increase in profit. The company's net worth moved up by a moderate rise of 4.89%.

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
-42.17%
Revenue from Operations
12.19%
Total Assets
-36.02%
Profit or Loss
12.55%
Net Worth
4.89%
EBITDA
121.16%

What is the Ownership and Shareholding Structure of Welcome Forex?

In 2019, Welcome Forex had a public 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 Welcome Forex?

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

Recent activity within the organization

  • Annual General Meeting

    Welcome 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

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

    31 Mar 2024

  • Director Appointment

    Sultan Kader was appointed as a Director was appointed as a Director on 29 Jul 2019 & has been associated with this company since 5 years 6 months .

    29 Jul 2019

  • Director Appointment

    Saiyath Sheik Mohamed Ali was appointed as a Director was appointed as a Director on 17 Jun 2016 & has been associated with this company since 8 years 8 months .

    17 Jun 2016

  • Company Incorporation

    Welcome Forex Private Limited was registered on 04 Dec 2013 with Roc Chennai & aged 11 years 2 months as per MCA records.

    04 Dec 2013

Frequently asked questions

  • Welcome Forex Private Limited was incorporated on 04 Dec 2013.

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

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

    • Sultan Kader
    • Saiyath Sheik Mohamed Ali
  • As per Ministry of Corporate Affairs (Mca), the registered address of Welcome Forex Private Limited is Shop No.9 Ground Floor Prince Arcade New No.29/34 Old No. 22A/34 Cathedral Road Teynampet, India, Chennai, Tamil Nadu, 600086.

  • The corporate identification number (CIN) of Welcome Forex Private Limited is U67100TN2013PTC094047 and the company number is 094047 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Welcome Forex Private Limited is https://www.welcomeeforex.com

  • According to the financial reports for the fiscal year 2020, the revenue trend for Welcome Forex Private Limited has fallen by -42.17%.

  • The financial reports for the fiscal year 2020 indicates that The net worth of Welcome Forex Private Limited has experienced an upsurge of 4.89%.

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

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