A legacy built on experience
A practice driven by insight
Forex Capital Services has spent over four decades helping businesses manage risk, protect profitability, and navigate market uncertainty with confidence.
Forex Management as a Strategic Business Function
The increasing volatility of global currency markets has made foreign exchange management a critical business discipline rather than a routine treasury activity. A sound forex policy, informed decision-making, and the effective use of financial instruments are essential to managing risk and protecting profitability. For over four decades, Forex Capital Services has helped businesses develop structured approaches to currency risk through advisory, portfolio management, and independent market intelligence that supports confident decision-making.
"There is nothing wrong with risk — you only need to manage it."
We firmly believe that every hedging decision must involve proper planning and be grounded in a client's actual cost-base — not in market-driven sentiment. This approach eliminates the panic factor, since decisions are based on factual position rather than ad hoc advice. It gives senior management the confidence that business risk is being managed consistently, and in line with overall corporate strategy.
Background of management members.
Decades of forex market expertise, regulatory engagement, and client advisory — guiding the firm's strategy and client relationships today.
Mr. Shyam Poddar is one of the pioneers of India's foreign exchange market and the founder of Forex Capital Services Pvt. Ltd., established in 1985. His career spans more than six decades, marked by deep expertise and longstanding relationships across India's foreign exchange ecosystem.
Beginning his career in 1961 with G. Tibarewala & Co. (Forex), he rose to become a partner and played a key role in expanding the firm's presence across India's major financial centres. In 1973, he was among the founder brokers of the New Delhi interbank foreign exchange market.
Over the years, Mr. Poddar has advised and managed multi-billion-dollar foreign exchange exposures for some of India's leading corporate groups. His engagement with regulators and industry bodies — including RBI, FEDAI, FICCI, CII, PHDCCI, and ASSOCHAM, where he co-chaired various committees including Economic Affairs, Banking & Financial at PHDCCI — has earned him recognition as a respected voice in the industry.
Prashant Mittal leads the firm's strategic vision, advisory philosophy, and client relationships. A Chartered Accountant with over 27 years of professional experience, he brings a unique combination of advisory, banking, and risk management expertise to help businesses navigate complex currency markets with confidence.
Prior to joining the firm, Prashant spent over eight years with Ernst & Young and more than two years as Vice President in Deutsche Bank AG. He has vast experience in handling clients from varied fields like – Telecom, IT, Oil & Gas, Health Care, Garments & Textiles, FMCG, White Goods, Automotive, Agro, etc.
He is also the trainer at National Academy of Direct Taxes, Nagpur, on Forex and FEMA subjects where he imparts training to senior Income Tax Officers.
At Forex Capital Services, Prashant provides strategic leadership to the firm's advisory and portfolio management practice, working closely with corporate leadership teams, CFOs, and treasury teams to develop effective hedging strategies. He supports critical financial decision-making by advising on derivative instruments, interest rate structures, banking and regulatory matters, while helping clients strengthen their foreign exchange risk management framework and governance processes.
Anjana Mittal leads the firm's Forex Information Services, Research, and Client Intelligence functions. With over 27 years of experience in the foreign exchange industry, she plays a central role in ensuring that clients have access to timely, accurate, and actionable market information.
She oversees the development and management of the firm's Forex MIS platform, which enables clients to monitor exposures, track portfolio performance, and make informed decisions through structured and reliable reporting. Under her leadership, the platform has become a key component of the firm's client service offering.
Anjana also heads the Research division, directing the firm's market intelligence initiatives, including daily bulletins, newsletters, and technical analysis. By combining market insight with a deep understanding of client requirements, she helps transform complex market developments into clear, actionable intelligence that supports better currency risk management and decision-making.
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