About Remitout
Remitout is a Financial Services company based in Mumbai (India) founded in 2017 by Nafees Dadi and Kritika Saini. Money remittance from India to abroad is enabled online. Its Indian entity Remitout Service Private Limited reported revenue of ₹2.89 Cr. Its focus areas include FinTech, Digital Remittance, Internet First Platforms and P2P Remittance.
Company details
Remitout was founded in 2017 in Mumbai, India, operating in the fintech sector focused on cross-border transfers. An online platform is maintained to facilitate money remittances from India to various international locations. Funds are directed toward needs such as travel, medical payments, educational costs, immigration requirements, and other similar uses. The service is based in Mumbai.
- Headquarters Mumbai, India
- Founders Nafees Dadi, Kritika Saini
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website remitout.com
- Social LinkedIn X Facebook Instagram
- Legal Name Remitout Service Private Limited
- Date of Incorporation 24 Aug, 2017
- Jurisdiction Mumbai, Maharashtra, India
- Annual Revenue₹2.89 Cr
FY 2024 · +31% YoY
- Net Profit₹20.7 Lakh
FY 2024 · 7% margin
- EBITDA₹32.4 Lakh
FY 2024 · 11% margin
Associated legal entities of Remitout
Remitout is associated with 2 registered companies on The Company Check; the primary company is Remitout Service Private Limited. Each company page carries the filings, financials, charges and directors of that entity.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Remitout Service Private Limited CIN U85500MH2017PTC299015 | Active | 24 Aug 2017 | Mumbai, Maharashtra | ₹2.9 Cr | 2 | View details | |
| Remitout Service Private Limited CIN U72200MH2017PTC299015 | 24 Aug 2017 | Mumbai, Maharashtra, India | View details |
Board of directors of Remitout Service Private Limited (Remitout)
Remitout Service Private Limited is the primary company behind Remitout. The board of Remitout Service Private Limited currently have 2 directors; the longest-serving is Nafees Dadi Siddiq, appointed in 2017.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Nafees Dadi Siddiq DIN 07910438 | Director | 24 Aug 2017 | 9 yrs 2 mo | Remitout Service Private Limited |
| Kritika Saini DIN 07914379 | Director | 24 Aug 2017 | 9 yrs 2 mo | Remitout Service Private Limited |
People of Remitout
2 people are tracked at Remitout (2 in leadership).
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership |
Complete people profiles for Remitout
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- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Remitout
Figures of Remitout Service Private Limited, the primary company behind Remitout, for FY 2024. Revenue was ₹2.89 Cr (+31% year on year). Net profit was ₹20.7 Lakh (7% margin). EBITDA was ₹32.4 Lakh (11% margin). Revenue has grown at a compounded annual rate of +59% over three years and +107% over five years.
- ₹2.89 CrRevenue · FY 2024 · +31% YoY
- ₹20.7 LakhNet profit · 7% margin
- ₹32.4 LakhEBITDA · 11% margin
- ₹5 LakhPaid-up capital
- +59%Revenue CAGR, 3 years
- +107%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Remitout Service Private Limited are on its company page.
Detailed financial statements for Remitout
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.
Web traffic of Remitout
The website of Remitout (remitout.com) receives about 1.4K visits a month.
- Monthly visits1.4K
▲ 3.4% vs previous month
Top companies in Payments & Remittance Platforms
3 companies that operate in the same segment as Remitout (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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Frequently Asked Questions about Remitout
Remitout was founded in 2017.
Remitout is headquartered in Mumbai, India. It is registered at Mumbai, Maharashtra, India.
The primary company behind Remitout, Remitout Service Private Limited, reported revenue of ₹2.89 Cr for FY 2024, up 31% year on year.
Remitout was founded in 2017 in Mumbai, India, operating in the fintech sector focused on cross-border transfers. An online platform is maintained to facilitate money remittances from India to various international locations. Funds are directed toward needs such as travel, medical payments, educational costs, immigration requirements, and other similar uses. The service is based in Mumbai.
Remitout operates through Remitout Service Private Limited.
The legal entities of Remitout currently have 2 directors, including Nafees Dadi Siddiq, Kritika Saini.