About RemitIQ
RemitIQ is a Financial Services company based in Bengaluru (India) founded in 2015 by Shyam Sunder Verma. It serves as a platform for comparing various money transfer services. It operates on a B2C model. Its Indian entity Ready Iq Software Labs Private Limited reported revenue of ₹3.5 Lakh. Its focus areas include Fintech, Money Transfer and Comparison Platforms.
Company details
RemitIQ operates with a B2C model, focusing on offering financial products and advice, fintech, money transfer, and comparison platforms. Serves as a platform for comparing various money transfer services. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
- Headquarters Bengaluru, India
- Founders Shyam Sunder Verma
- SectorsFinancial Services
- Website exchangerateiq.com
- Social X Facebook
- Legal Name Ready Iq Software Labs Private Limited
- Date of Incorporation 18 Jul, 2016
- Jurisdiction Jaipur, Rajasthan, India
- Annual Revenue₹3.5 Lakh
FY 2022 · -60% YoY
- Net Loss-₹75,156
FY 2022 · -21% margin
- EBITDA₹2.6 Lakh
FY 2022 · 73% margin
Associated legal entities of RemitIQ
RemitIQ operates through Ready Iq Software Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2022) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Ready Iq Software Labs Private Limited CIN U72900RJ2016PTC055512 | Active | 18 Jul 2016 | Jaipur, Rajasthan | ₹0.0 Cr | 2 | View details |
Board of directors of Ready Iq Software Labs Private Limited (RemitIQ)
Ready Iq Software Labs Private Limited is the primary company behind RemitIQ. The board of Ready Iq Software Labs Private Limited currently have 2 directors; the longest-serving is Rakesh Choudhary, appointed in 2023. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Rakesh Choudhary DIN 10426802 | Director | 14 Dec 2023 | 2 yrs 11 mo | Ready Iq Software Labs Private Limited |
| Ravindra Meena DIN 10426713 | Director | 14 Dec 2023 | 2 yrs 11 mo | Ready Iq Software Labs Private Limited |
People of RemitIQ
1 people are tracked at RemitIQ (1 in leadership).
| Name | Role | Group |
|---|---|---|
| Founder | Leadership |
Complete people profiles for RemitIQ
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of RemitIQ
Figures of Ready Iq Software Labs Private Limited, the primary company behind RemitIQ, for FY 2022. Revenue was ₹3.5 Lakh (-60% year on year). Net loss was -₹75,156 (-21% margin). EBITDA was ₹2.6 Lakh (73% margin). Revenue has grown at a compounded annual rate of -9% over three years and +72% over five years.
- ₹3.5 LakhRevenue · FY 2022 · -60% YoY
- -₹75,156Net loss · -21% margin
- ₹2.6 LakhEBITDA · 73% margin
- ₹10 LakhPaid-up capital
- -9%Revenue CAGR, 3 years
- +72%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Ready Iq Software Labs Private Limited are on its company page.
Detailed financial statements for RemitIQ
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
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Frequently Asked Questions about RemitIQ
RemitIQ was founded in 2015.
RemitIQ is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
The primary company behind RemitIQ, Ready Iq Software Labs Private Limited, reported revenue of ₹3.5 Lakh for FY 2022, down 60% year on year.
RemitIQ operates with a B2C model, focusing on offering financial products and advice, fintech, money transfer, and comparison platforms. Serves as a platform for comparing various money transfer services. It emphasizes efficiency, client-focused solutions, and growth, fostering partnerships and innovation in its operations.
RemitIQ operates through Ready Iq Software Labs Private Limited.
The legal entities of RemitIQ currently have 2 directors, including Rakesh Choudhary, Ravindra Meena.