RemitMoney

Mumbai, India Founded: 2004 • Age: 22 yrs Listed
Online platform for NRIs to transfer money to India quickly and securely.
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About RemitMoney

RemitMoney is a publicly listed company based in Mumbai (India) founded in 2004. Online platform for NRIs to transfer money to India quickly and securely. It operates on a B2C model. The company has 104,453 employees. Its website remitmoney.com draws about 21 thousand monthly visits. Its Indian entity Axis Bank Limited reported revenue of ₹117,811 Cr. RemitMoney offers products and services including RemitMoney Platform. Its focus areas include FinTech, Remittance Services, International Money Transfer and NRI Transfers. Its competitors include BookMyForex and EbixCash; 2 of its 2 listed competitors have raised funding.

Company details

RemitMoney, powered by Axis Bank, is an online facility enabling non-resident Indians from the USA, Euro Zone, and Switzerland to send money to India. It provides secure transactions, competitive exchange rates, and fast delivery through a user-friendly platform. Based in Mumbai, it focuses on individual users with real-time tracking and 247 customer support, ensuring reliable international remittances.

  • Headquarters Mumbai, India
  • Employees 104,453
  • Stage Public
  • Sectors
    Financial Services
  • Email
    ••••••••
  • Website remitmoney.com
  • Social LinkedIn X Facebook
  • Legal Name Axis Bank Limited
  • Date of Incorporation 03 Dec, 1993
  • Jurisdiction Ahmedabad, Gujarat, India
Operational Areas
Financial Services → Payments & Remittance Platforms
Key Metrics
  • Market Cap
    ₹4,18,243 Cr

    AXISBANK · NSE

  • Share Price
    ₹1,331.00

    -0.89% today

  • Revenue
    ₹88,137 Cr

    FY 2025-26 · +3.8% YoY

  • Net Profit
    ₹26,494 Cr

    FY 2025-26 · -5.8% YoY

  • P/E (TTM)
    13.9x

    P/B 1.8x

  • ROE
    13.2%

    as on 12 Nov 2026

  • Employee Count
    104,453

Products & Services of RemitMoney

RemitMoney offers a comprehensive portfolio of products and services, including RemitMoney Platform.

RemitMoney Platform
Money Transfer Service

Online tool for secure international money transfers to India.

Board of directors of Axis Bank Limited (RemitMoney)

Axis Bank Limited is the primary company behind RemitMoney. The board of Axis Bank Limited currently have 14 directors; the longest-serving is Girish Srikrishna Paranjpe, appointed in 2018. 53 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Girish Srikrishna Paranjpe
DIN 02172725
Director02 Nov 20188 yrsAxis Bank Limited
Amitabh Chaudhry
DIN 00531120
Managing Director01 Jan 20197 yrs 10 moAxis Bank Limited
Meena Ganesh
DIN 00528252
Director01 Aug 20206 yrs 3 moAxis Bank Limited
Padmanabhan Gopalaraman
DIN 07130908
Director28 Oct 20206 yrsAxis Bank Limited
Prasad Parameswaranpillai Naga
DIN 07430506
Director20 Oct 20224 yrsAxis Bank Limited
Seshabhadrasrinivasa Mallikarjunarao Chamarty
DIN 07667641
Director01 Feb 20233 yrs 9 moAxis Bank Limited
Subramanian Nurani Vishwanathan
DIN 09568559
Director30 May 20233 yrs 5 moAxis Bank Limited
Subrat Mohanty
DIN 08679444
Whole-time director17 Aug 20233 yrs 2 moAxis Bank Limited
Pranam Wahi
DIN 00031914
Director15 Feb 20242 yrs 8 moAxis Bank Limited
Munish Sharda
DIN 06796060
Whole-time director27 Feb 20242 yrs 8 moAxis Bank Limited
Neeraj Gambhir
DIN 00257375
Whole-time director20 Oct 20251 yrAxis Bank Limited
Malavika Ramanathan Harita
DIN 09005600
Director18 Dec 202510 moAxis Bank Limited
Sesha Giridhar Kuppili
DIN 11849889
Additional Director14 Aug 20263 moAxis Bank Limited
Arvind Subramanian
DIN 02551935
Additional Director23 Sep 20261 moAxis Bank Limited

IPO & Listings of RemitMoney

RemitMoney is a publicly listed company on the NSE with ticker symbol AXISBANK in India, operating in the Banks sector. As a publicly traded entity, the company provides investors with opportunities to participate in its growth story through equity ownership. The listing enables access to capital markets, enhances corporate visibility, and provides liquidity for shareholders while maintaining transparency through regulatory compliance and regular financial disclosures.

  • Listed onNSE: AXISBANK
  • Listed entityAxis Bank Limited
  • Exchange sectorBanks

Financials of RemitMoney

Exchange-reported figures of Axis Bank Limited, the listed company behind RemitMoney (NSE: AXISBANK).

Financial Highlights

FY 2025-26 · Consolidated
Revenue
₹88,137 Cr
+3.8% YoY
EBITDA
-
Profit After Tax
₹26,494 Cr
-5.8% YoY
Net Worth
₹2,15,035 Cr
+14.8% YoY
Total Assets
₹19,47,265 Cr
+17.4% YoY
Total Debt
₹16,14,302 Cr
+16.0% YoY

Revenue vs Net Profit ₹ Cr

Margin trends

Financial summary ₹ Cr

MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue88,13784,88176,59962,40851,19243,34742,062
Revenue growth+3.8%+10.8%+22.7%+21.9%+18.1%+3.1%-
Profit before tax32,29336,72235,17818,62118,9299,7505,280
Net profit26,49428,11226,42410,85314,1647,2521,879
Balance sheet
Total assets19,47,26516,58,26515,18,92413,44,83711,95,72610,01,0479,27,932
Net worth2,15,0351,87,2351,57,0241,29,7821,18,2611,03,59486,340
Total debt16,14,30213,91,60812,95,30211,52,03810,20,6928,50,5517,97,337
Cash & bank1,09,3521,02,6991,16,4931,08,7081,12,34463,42497,800
Cash flow
Cash from operations(8,637)44,384(5,555)22,07528,13712,63330,416
Cash from investing(45,068)(51,178)(9,001)(32,351)(27,112)(54,288)(9,485)
Cash from financing60,358(7,000)22,3416,64147,8947,2798,865
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue23,74122,99822,06322,11321,79822,16221,83720,919
Revenue growth (YoY)+8.9%+3.8%+1.0%+5.7%+1.0%+7.9%--
Other income7,5877,6716,9727,1897,4608,0537,5066,797
Depreciation0.000.000.000.000.000.000.000.00
Profit before tax10,35210,1617,2479,3717,4968,1809,8959,007
Tax2,7022,505(385)2,3261,9381,9202,4052,244
Net profit7,6507,6577,6327,0445,5586,2607,4906,763
MetricsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Income statement
Revenue82,17979,60572,33659,08948,35341,50340,743
Revenue growth+3.2%+10.1%+22.4%+22.2%+16.5%+1.9%-
Profit before tax29,55434,34733,06016,90617,3838,8064,904
Net profit24,45726,37324,8619,58013,0256,5891,627
Balance sheet
Total assets18,88,05516,11,21814,77,20913,17,74411,75,6259,86,8409,15,222
Net worth2,05,5361,79,7251,51,0621,25,4171,15,1741,01,60384,948
Total debt15,71,10513,57,09912,65,45311,33,24510,07,1058,40,8587,88,059
Cash & bank1,04,90399,7321,14,4541,06,4111,10,98761,73097,268
Cash flow
Cash from operations(1,330)49,4126,46126,90233,95113,58329,613
Cash from investing(44,994)(51,846)(9,178)(32,718)(27,232)(54,180)(9,668)
Cash from financing51,495(12,288)10,7611,23942,5385,05910,118
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue21,90221,38220,48020,51220,36920,81820,59019,578
Revenue growth (YoY)+7.5%+2.7%-0.5%+4.8%+0.8%+8.3%--
Other income6,5316,7356,0236,2266,6257,2586,7805,972
Depreciation0.000.000.000.000.000.000.000.00
Profit before tax9,3899,4376,4918,6306,8657,5689,3938,378
Tax2,3862,323(580)2,1401,7761,7612,2762,074
Net profit7,0037,1147,0716,4905,0905,8067,1186,304

Financial Statements

Figures in ₹ Cr; negatives in brackets. Updated 14 Nov 2026
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue23,74122,99822,06322,11321,79822,16221,83720,919
Revenue growth (YoY)+8.9%+3.8%+1.0%+5.7%+1.0%+7.9%--
Other income7,5877,6716,9727,1897,4608,0537,5066,797
Depreciation0.000.000.000.000.000.000.000.00
Profit before tax10,35210,1617,2479,3717,4968,1809,8959,007
Tax2,7022,505(385)2,3261,9381,9202,4052,244
Net profit7,6507,6577,6327,0445,5586,2607,4906,763
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue88,13784,88176,59962,40851,19243,34742,062
Revenue growth+3.8%+10.8%+22.7%+21.9%+18.1%+3.1%-
Other income29,67428,54325,23018,34917,26813,57716,342
Depreciation1,8891,7631,38513,1431,046976806
Profit before tax32,29336,72235,17818,62118,9299,7505,280
Tax5,8008,6108,7547,7694,7652,4983,401
Net profit26,49428,11226,42410,85314,1647,2521,879
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital622619617615614613564
Reserves & surplus2,12,9571,85,4331,55,5121,28,7401,17,4961,02,98185,776
Shareholders' funds (net worth)2,15,0351,87,2351,57,0241,29,7821,18,2611,03,59486,340
Minority interest798635499393261174114
Secured loans2,80,5112,20,6872,28,2002,06,2141,99,7781,52,2491,55,180
Unsecured loans13,33,79111,70,92110,67,1029,45,8258,20,9146,98,3036,42,157
Total debt16,14,30213,91,60812,95,30211,52,03810,20,6928,50,5517,97,337
Total liabilities19,47,26516,58,26515,18,92413,44,83711,95,72610,01,0479,27,932
Assets
Investments4,46,4223,96,6853,32,3542,88,0952,74,6082,25,3361,55,282
Cash & bank balances1,09,3521,02,6991,16,4931,08,7081,12,34463,42497,800
Loans & advances1,02,05470,87164,61674,50578,68181,91987,497
Total assets19,47,26516,58,26515,18,92413,44,83711,95,72610,01,0479,27,932
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash1,02,6991,16,4931,08,7081,12,34463,42497,80068,004
Net cash from operating activities(8,637)44,384(5,555)22,07528,13712,63330,416
Net cash from investing activities(45,068)(51,178)(9,001)(32,351)(27,112)(54,288)(9,485)
Net cash from financing activities60,358(7,000)22,3416,64147,8947,2798,865
Net change in cash6,653(13,794)7,785(3,636)48,919(34,375)29,795
Closing cash1,09,3521,02,6991,16,4931,08,7081,12,34463,42497,800
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+3.8%+10.8%+22.7%+21.9%+18.1%+3.1%-
Net income growth-5.8%+6.4%+143.5%-23.4%+95.3%+286.0%-
Profitability & leverage
Return on net worth+13.2%+16.3%+18.4%+8.8%+12.8%+7.6%+2.4%
Efficiency & per share
EPS (₹)85.2490.7685.6135.2746.1423.676.66
Dividend per share (₹)1.001.001.001.001.000.000.00
ParticularsSep 2026Jun 2026Mar 2026Dec 2025Sep 2025Jun 2025Mar 2025Dec 2024
Revenue21,90221,38220,48020,51220,36920,81820,59019,578
Revenue growth (YoY)+7.5%+2.7%-0.5%+4.8%+0.8%+8.3%--
Other income6,5316,7356,0236,2266,6257,2586,7805,972
Depreciation0.000.000.000.000.000.000.000.00
Profit before tax9,3899,4376,4918,6306,8657,5689,3938,378
Tax2,3862,323(580)2,1401,7761,7612,2762,074
Net profit7,0037,1147,0716,4905,0905,8067,1186,304
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Revenue82,17979,60572,33659,08948,35341,50340,743
Revenue growth+3.2%+10.1%+22.4%+22.2%+16.5%+1.9%-
Other income26,13125,25722,44216,14315,22112,26415,537
Depreciation1,8091,6991,33413,0941,008948773
Profit before tax29,55434,34733,06016,90617,3838,8064,904
Tax5,0977,9738,1997,3264,3572,2173,277
Net profit24,45726,37324,8619,58013,0256,5891,627
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Equity & liabilities
Share capital622619617615614613564
Reserves & surplus2,03,5731,77,9971,49,6181,24,3781,14,4121,00,99084,384
Shareholders' funds (net worth)2,05,5361,79,7251,51,0621,25,4171,15,1741,01,60384,948
Secured loans2,35,2711,84,1471,96,8121,86,3001,85,1341,42,8731,47,954
Unsecured loans13,35,83411,72,95210,68,6419,46,9458,21,9726,97,9856,40,105
Total debt15,71,10513,57,09912,65,45311,33,24510,07,1058,40,8587,88,059
Total liabilities18,88,05516,11,21814,77,20913,17,74411,75,6259,86,8409,15,222
Assets
Investments4,45,0333,96,1423,31,5272,88,8152,75,5972,26,1201,56,734
Cash & bank balances1,04,90399,7321,14,4541,06,4111,10,98761,73097,268
Loans & advances98,00068,24160,47472,48276,52280,34685,483
Total assets18,88,05516,11,21814,77,20913,17,74411,75,6259,86,8409,15,222
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Opening cash99,7321,14,4541,06,4111,10,98761,73097,26867,205
Net cash from operating activities(1,330)49,4126,46126,90233,95113,58329,613
Net cash from investing activities(44,994)(51,846)(9,178)(32,718)(27,232)(54,180)(9,668)
Net cash from financing activities51,495(12,288)10,7611,23942,5385,05910,118
Net change in cash5,171(14,722)8,044(4,576)49,257(35,538)30,064
Closing cash1,04,90399,7321,14,4541,06,4111,10,98761,73097,268
ParticularsFY 2025-26FY 2024-25FY 2023-24FY 2022-23FY 2021-22FY 2020-21FY 2019-20
Growth
Sales growth+3.2%+10.1%+22.4%+22.2%+16.5%+1.9%-
Net income growth-7.3%+6.1%+159.5%-26.5%+97.7%+304.9%-
Profitability & leverage
Return on net worth+12.7%+16.0%+18.0%+8.0%+12.0%+7.1%+2.2%
Efficiency & per share
EPS (₹)78.6885.1580.5531.1342.4321.505.77
Dividend per share (₹)1.001.001.001.001.000.000.00

Competitors of RemitMoney

RemitMoney has 2 listed competitors in our database, 2 of them funded. They include BookMyForex and EbixCash.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
BookMyForex
bookmyforex.com2011Gurugram, India$5.59M231
Online foreign exchange and remittance services are facilitated in India.
EbixCash
ebixcash.com1989Noida, India$35.29M1,799
App-based money transfer and bill payment platform for individuals and businesses
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Detailed competitors of RemitMoney

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Web traffic of RemitMoney

The website of RemitMoney (remitmoney.com) receives about 21.4K visits a month.

  • Monthly visits
    21.4K

    ▼ 5.8% vs previous month

Similar websites

Websites whose visitors overlap most with RemitMoney. Affinity shows how closely the audiences match.

WebsiteDomainAudience affinityMonthly visitsGlobal rankProfile
ACE Money Transfer
acemoneytransfer.com
60%
370.9K#138,984View details
VERTO
vertofx.com
56%
26.9K#1,023,463View details

Top companies in Payments & Remittance Platforms

3 companies that operate in the same segment as RemitMoney (Payments & Remittance Platforms) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Paytm
Digital payments, financial services, and e-commerce platforms are provided.
2000Noida, Uttar Pradesh, IndiaUSD 2.81 BUSD 1.05 B39,368
PhonePe
Payment, financial, investment, and lending services are provided digitally.
2012Bengaluru, Karnataka, IndiaUSD 1.71 BUSD 950.07 M12,265
Razorpay
Payment and business banking solutions are provided for enterprises.
2014Bengaluru, Karnataka, IndiaUSD 741.62 MUSD 302.19 M2,850
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Related news about Remitmoney

AXISBANK: RS. 63.55 CRORES BSE BLOCK TRADE; FOR ~ 500,000 SHARES, AT RS. 1271.00
Exchange Update • 9 days ago
AXISBANK: Rs. 27.04 Crores NSE Block Trade; for ~ 222,890 Shares, at Rs. 1213.10
Exchange Update • 11 days ago
Axis Bank: Kotak Institutional Equities on Axis Bank Maintains Buy, Target Price ₹1,600; Q2 earnings grew 40% YoY while operating profit rose 6%; loan growth remained strong at 23%, though NIM fell 10bps QoQ due to FCNR mobilisation. Lower slippages and credit costs support earnings, but valuation upside may be limited as the stock trades near HDFC Bank’s valuation multiple.
Exchange Update • 26 days ago
Axis Bank: Goldman Sachs on Axis Bank Maintains Buy, Target Price ₹1,600; Q2 earnings were broadly in line, with core PPOP growth poised to accelerate on improving NIM visibility, strong retail disbursements, faster CASA growth and a turning rate cycle; expects core PPOP growth to rise from 10% YoY in Q2 to ~15% in H2FY27 and 20% CAGR over FY27–29, supported by cost control despite muted fee growth.
Exchange Update • 26 days ago
Axis Bank: Bernstein on Axis Bank Maintains Outperform, Target Price ₹1,600; Q2 was mixed, with lower credit costs driving 37% YoY EPS growth despite weaker core trends; corporateled loan growth was strong, but borrowings pushed the loantodeposit ratio to 95%, while weaker other income and higher operating expenses weighed on operating profit.
Exchange Update • 26 days ago
Axis Bank: JPMorgan on Axis Bank Maintains Overweight, Target Price ₹1,620; Q2 NII rose 11.8% YoY to ₹153.7bn and PAT grew 38% to ₹70bn, both beating estimates by 3%; lowerthanexpected credit costs of 51bps, partly helped by ₹9.71bn recoveries from writtenoff assets, offset weak noninterest income. Healthy asset quality and attractive valuations support the positive view.
Exchange Update • 26 days ago
Axis Bank: Citi on Axis Bank Maintains Buy, Target Price ₹1,620; Q2 headline NIM fell 10bps QoQ to 3.36% due to FCNR distortions, while core NIM held at 3.47%; loan growth remained strong at 19% YoY, slippages eased to 1.5% and credit costs fell to 50bps. Raises FY27–29 loan growth forecasts to 21%/19%/18%, while modestly reducing FY27 creditcost estimates.
Exchange Update • 26 days ago
Axis Bank: UBS on Axis Bank Maintains Buy, Target Price ₹1,670; the note reports an allround beat, with PAT up 20% YoY to ₹148bn and strong loan growth, including corporate lending and business banking; NII/core PPOP rose 17.7%/21.8% YoY and fee income increased 20.1%. Management expects NIMs to bottom in Q3 before recovering in Q4. Note the supplied text refers to ICICI Bank’s results and figures despite the Axis Bank heading.
Exchange Update • 26 days ago
AXISBANK: Rs. 16.09 Crores NSE Block Trade; for ~ 128,919 Shares, at Rs. 1247.90
Exchange Update • 26 days ago
AXISBANK: Q2 REVENUE 364B RUPEES VS 309.7B (YOY)
Exchange Update • 28 days ago
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Frequently Asked Questions about RemitMoney

RemitMoney was founded in 2004.

RemitMoney is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.

RemitMoney has 104,453 employees.

The primary company behind RemitMoney, Axis Bank Limited, reported revenue of ₹117,811 Cr for FY 2026, up 4% year on year.

RemitMoney, powered by Axis Bank, is an online facility enabling non-resident Indians from the USA, Euro Zone, and Switzerland to send money to India. It provides secure transactions, competitive exchange rates, and fast delivery through a user-friendly platform. Based in Mumbai, it focuses on individual users with real-time tracking and 247 customer support, ensuring reliable international remittances.

RemitMoney's top competitors include BookMyForex and EbixCash.

RemitMoney offers RemitMoney Platform.

Yes, RemitMoney is publicly traded on NSE under the ticker symbol AXISBANK.

RemitMoney operates through Axis Bank Limited.

The legal entities of RemitMoney currently have 16 directors, including Padmanabhan Gopalaraman, Girish Srikrishna Paranjpe, Amitabh Chaudhry and others.

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