About HotRemit
HotRemit is a Financial Services company based in Hyderabad (India) founded in 2007. Digital wallet based social and mobile application. The company has 38 employees. Its Indian entity Digit Secure India Private Limited reported revenue of ₹13.94 Cr. Its focus areas include FinTech, Payments, Consumer Payments and Wallets. Similar companies include PhonePe, MobiKwik and Paytm; 3 of its 3 listed similar companies have raised funding.
Company details
HotRemit is a secure digital wallet application that is accessible as a Facebook application and as a Blackberry mobile application. It enables users to send money to any of their social contacts on Facebook and BBM , in addition to transferring payments to registered merchants and charity organizations. It has an RBI license for a wallet.
- Headquarters Hyderabad, India
- Employees 38
- SectorsFinancial Services
- Website hotremit.com
- Legal Name Digit Secure India Private Limited
- Date of Incorporation 26 Sep, 2007
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹13.94 Cr
FY 2024 · +40% YoY
- Net Profit₹8.7 Lakh
FY 2024 · 1% margin
- EBITDA₹1.78 Cr
FY 2024 · 13% margin
- Employee Count38
Associated legal entities of HotRemit
HotRemit operates through Digit Secure India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Digit Secure India Private Limited CIN U74999TG2007PTC055687 | Active | 26 Sep 2007 | Hyderabad, Telangana | ₹13.9 Cr | 38 | 3 | View details |
Board of directors of Digit Secure India Private Limited (HotRemit)
Digit Secure India Private Limited is the primary company behind HotRemit. The board of Digit Secure India Private Limited currently have 3 directors; the longest-serving is Jaya Krishna Gullapalli, appointed in 2007. 9 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Jaya Krishna Gullapalli DIN 01610371 | Director | 26 Sep 2007 | 19 yrs | Digit Secure India Private Limited |
| Sridhar Pashya DIN 00985761 | Director | 01 Feb 2015 | 11 yrs 8 mo | Digit Secure India Private Limited |
| Pudupatty Thiruvengadam Ramakrishnan DIN 03444452 | Director | 01 Apr 2015 | 11 yrs 6 mo | Digit Secure India Private Limited |
Financials of HotRemit
Figures of Digit Secure India Private Limited, the primary company behind HotRemit, for FY 2024. Revenue was ₹13.94 Cr (+40% year on year). Net profit was ₹8.7 Lakh (1% margin). EBITDA was ₹1.78 Cr (13% margin). Revenue has grown at a compounded annual rate of +29% over three years and 0% over five years.
- ₹13.94 CrRevenue · FY 2024 · +40% YoY
- ₹8.7 LakhNet profit · 1% margin
- ₹1.78 CrEBITDA · 13% margin
- ₹3.06 CrPaid-up capital
- 38Employees (provident fund records)
- +29%Revenue CAGR, 3 years
- 0%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Digit Secure India Private Limited are on its company page.
Detailed financial statements for HotRemit
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Similar companies to HotRemit
HotRemit has 3 listed similar companies in our database, 3 of them funded. They include PhonePe, MobiKwik and Paytm.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| phonepe.com | 2012 | Bengaluru, India | $1.71B | 1,768 | Payment, financial, investment, and lending services are provided digitally. | |
| mobikwik.com | 2009 | Gurugram, India | $283.54M | 698 | Operator of platform for online mobile, DTH recharge, and bill payments | |
| paytm.com | 2000 | Noida, India | $2.81B | 14,760 | Digital payments, financial services, and e-commerce platforms are provided. |
Detailed similar companies of HotRemit
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Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as HotRemit (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Digital payments, financial services, and e-commerce platforms are provided. | 2000 | Noida, Uttar Pradesh, India | USD 2.81 B | USD 1.05 B | 39,368 | |
Payment, financial, investment, and lending services are provided digitally. | 2012 | Bengaluru, Karnataka, India | USD 1.71 B | USD 950.07 M | 12,265 | |
Payment and business banking solutions are provided for enterprises. | 2014 | Bengaluru, Karnataka, India | USD 741.62 M | USD 302.19 M | 2,850 |
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Related news about Hotremit
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Frequently Asked Questions about HotRemit
HotRemit was founded in 2007.
HotRemit is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
HotRemit has 38 employees.
The primary company behind HotRemit, Digit Secure India Private Limited, reported revenue of ₹13.94 Cr for FY 2024, up 40% year on year.
HotRemit is a secure digital wallet application that is accessible as a Facebook application and as a Blackberry mobile application. It enables users to send money to any of their social contacts on Facebook and BBM , in addition to transferring payments to registered merchants and charity organizations. It has an RBI license for a wallet.
HotRemit operates through Digit Secure India Private Limited.
The legal entities of HotRemit currently have 3 directors, including Jaya Krishna Gullapalli, Sridhar Pashya, Pudupatty Thiruvengadam Ramakrishnan.