About Remitware Payments Private Limited
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Remitware Payments Private Limited is a private limited company based in Thane, Maharashtra, India, a subsidiary of Remitware Payments Inc. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 19 December 2014 and has been in existence for over 12 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U74999MH2014PTC260247. Its GSTIN is 27AAHCR1654H1ZA (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Jitendra Jangid and Kanchan Kumar.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Thane, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹10.12 Lakh. For the same year it recorded a net profit of ₹2.09 Lakh (net margin 20.7%) and EBITDA of ₹2.1 Lakh (EBITDA margin 20.8%). Revenue has grown at a compounded annual rate (CAGR) of 32% over three years and 16% over five years.
The company is associated with 1 brand: Truly Financial.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website remitr.com.
Company details
Contact details
Remitware Payments Private Limited's registered office is in Thane, Maharashtra. Its website is remitr.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Registered Address72/4 72/5 72/6 Solus Building, Office No. 2408, Thane, Maharashtra, India – 400607
- IndustryInformation Technology, Application Development & Software Solutions
To see the full contact details of Remitware Payments Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Brands
Remitware Payments operates one associated brand: Truly Financial. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Digital banking services for small and medium businesses are provided. | trulyfinancial.com |
Business activity
The main business activity of Remitware Payments is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | 62 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Remitware Payments Private Limited, buy the company report.
Financials of Remitware Payments Private Limited
FY 2024 filings availableRemitware Payments Private Limited reported revenue of ₹10.12 Lakh for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has grown at a compounded annual rate (CAGR) of 16% over five years. EBITDA rose 112% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹2.1 Lakh | ||||
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| Net Profit (PAT) | ₹2.09 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA Margin | 20.8% | ||||
| Net Profit Margin | 20.7% | ||||
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To see the full financial statements and ratios of Remitware Payments Private Limited, buy the company report.
Board of directors of Remitware Payments Private Limited
Remitware Payments has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Jitendra Jangid | Director | 01 Apr 2019 | 7 Years 7 Months | Current |
| Kanchan Kumar Also directs: Fluous Solutions Private Limited, Akancha Srivastava Foundation | Director | 19 Dec 2014 | 11 Years 10 Months | Current |
Auditor
Remitware Payments Private Limited is audited by PRASHANT SHAH & CO. for the financial year 2021.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| PRASHANT SHAH & CO. | FY 2021 | 146854W |
Shareholding
The shareholding of Remitware Payments Private Limited is on record for 5 financial years, the latest being FY 2021, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2021 | FY 2020 | FY 2017 | FY 2016 | FY 2015 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Remitware Payments Private Limited, buy the company report.
Legal cases
No court or tribunal cases involving Remitware Payments Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
No delayed payments to MSME suppliers are on our record for Remitware Payments Private Limited; the supplier-wise MSME Form 1 check is in the company report Buy the company report.
GST
Remitware Payments has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAHCR1654H1ZA | Maharashtra | Active | 17 Jul 2017 |
To see the full GST registrations and return filing status of Remitware Payments Private Limited, buy the company report.
Recent activity
Remitware Payments Private Limited has 5 board changes on record since 2014: 3 appointments and 2 cessations. The latest: Sandeep Todi ceased to be Director on 30 Nov 2024.
Frequently asked questions
Remitware Payments is an active private limited company based in Thane, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 19 December 2014 (12+ years old) and is registered under CIN U74999MH2014PTC260247.
Remitware Payments has 2 current directors:
- Jitendra Jangid - Director
- Kanchan Kumar - Director
The latest financial statements of Remitware Payments on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
The GSTIN of Remitware Payments is 27AAHCR1654H1ZA, registered in Maharashtra.
The CIN (Corporate Identification Number) of Remitware Payments is U74999MH2014PTC260247. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Remitware Payments was incorporated on 19 December 2014, making it 12+ years old. It is registered with the Registrar of Companies, Mumbai.
Sandeep Todi ceased to be Director on 30 Nov 2024. Jitendra Jangid ceased to be Additional Director on 30 Sep 2019. Jitendra Jangid was appointed as Director on 01 Apr 2019. Remitware Payments has 5 board changes on record in total.
Remitware Payments can be reached through the website remitr.com. Its registered office is in Thane, Maharashtra, India.
The registered office of Remitware Payments is at 724 725 726 Solus Building, Office No. 2408, Thane, Maharashtra, India – 400607.
Remitware Payments operates in the information technology industry, in the application development and software solutions segment.
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