About Us

Welcome to the world of NL Forex which provides services ranging from Retail to Wholesale and is one of the top 10 foreign exchange financial services companies in India. In the year 1991, Dr Manmohan Singh had announced that the government had decided to grant money changing license to the qualifying and upcoming companies and which would be in line with the liberation of the foreign exchange government regime. Our company takes immense pride in announcing that we are one of those qualifying companies who has received this License.

Since our company falls under the category of Full Fledged Money Changers (FFMC) we have the full authorisation for Buying and Selling foreign currencies, Traveller Cheques from Individuals, Corporate, Intermediaries and other Money Changers in India. The company mainly operates its branches including some airports spread across different cities across India. Presently we operate from NL Forex Limited. It is an active participant in the market relating to the foreign currency exchange business.


Established in 1889 by Mr. Nahalchand Laloochand, the NL Group has been a part of history for over a hundred years now. Our founder, through his entrepreneurial skills and leadership qualities, went on to become one of the leading yarn businessmen in the pre-independence era. He was also the sole selling agent of the mill owned by the Killick Nixon Group named Kohinoor Mills and the mills owned by the W.H.Brady Group, namely Colaba Land and Mills, New City Mill and New Great Mill. The NL empire was furthered by the heir to the group, Mr. Kantilal Nahalchand, who served as Director of the Bank of Baroda Ltd. for over three decades. The NL Group, in the first seven decades of the 20th century was also known for ambitious work not only in the textile industry, but also, sugar, cement, banking, pharmaceutical, chemical and film processing industries.

In 1979, when the fourth-generation heirs, Mr. Rajesh Himatlal and Mr. Mukesh Himatlal entered the business, they realised that it was time to make the NL banner fly higher, as a result of which they unanimously decided to make a foray into Real Estate. Today, the group consists of two major businesses, Real Estate and Foreign Exchange, which have been strengthened by Mr. Rajesh's sons- Mr. Jai Rajesh and Mr. Yash Rajesh.

We have always strived to maintain consistency in both our major business viz the Foreign Exchange and Real Estate.

Core Values

To become most prominent Foreign Exchange Company in India

To be consistent in offering services at lowest costs to the customers for all the foreign exchange requirement.

To continuously offer innovative and improved products for all the aspects of Money Exchange business.

To be the most professionally managed Financial Services company with integrated in-house functional expertise, skills and resources for all functions.

To be a company with economies of scale, having a point of presence in retail and wholesale segments of the money changing business throughout India.

Our Services

Retail Money Changing

Retail Money Changing

The company renders the service of buying and selling foreign currency notes and Travelers Cheques as per Rules & Regulations of RBI from / to individuals and large business houses through its wide network of branches.

Wholesale Money Changing

Wholesale Money Changing

The Company also deals in wholesale buying and selling of foreign currency with other money changing companies and major banks in India.

Cash Against Card Service

ICICI Travel Card

We are the authorised channel partner of ICICI Bank Travel Card. The power-packed ICICI Bank Travel Card is the perfect travel companion for all your international trips. It is a smart, cost effective, convenient and secure alternative to carry foreign currency while travelling abroad. It offers instant loading and activation, enabling you to start using the card immediately after purchase for your international flight and hotel bookings.

Currency Export

Currency Export

The company exports major foreign currencies in bulk to banks and money changers in the Middle East and the European market.

Our Branches

Branch Locator

NL Forex Pvt Ltd
Room No. 1 First Floor,
153, Panjrapole Lane,
Mumbai - 400004