About Wirecard Forex
Wirecard Forex is a company based in Bengaluru (India) founded in 2011 was acquired by NIUM in July 2021. The company has 204 employees.
- Headquarter Bengaluru, India
- Employees 204
- SectorsFinancial Services
- Email••••••••
- Phone•••• ••••
- Website wirecardforex.com
- Social X
- Acquired by NIUM (Jul 2021)
- Legal Name Instarem India Private Limited
- Date of Incorporation 19 Dec, 2011
- Jurisdiction Bangalore, Karnataka, India
Associated legal entities of Wirecard Forex
Wirecard Forex operates through Instarem India Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Instarem India Private Limited CIN U63000KA2011PTC061735 | Active | 19 Dec 2011 | Bangalore, Karnataka | ₹46.2 Cr | 204 | 3 | View details |
Investors in Wirecard Forex
Wirecard Forex has secured backing from 1 investor. Prominent investors backing the company include NIUM.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Cross-border money transfer solutions are provided for businesses globally. | 2014 | nium.com | Singapore, Singapore |
Investor details for Wirecard Forex
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Board of directors of Instarem India Private Limited (Wirecard Forex)
Instarem India Private Limited is the primary company behind Wirecard Forex. The board of Instarem India Private Limited currently have 2 directors; the longest-serving is Kailash Suresh Gupta, appointed in 2024. 18 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Kailash Suresh Gupta DIN 03070619 | Additional Director | 04 Oct 2024 | 2 yrs | Instarem India Private Limited |
| Krishnapillai Balaramanunnithan DIN 10781645 | Additional Director | 04 Oct 2024 | 2 yrs | Instarem India Private Limited |
Financials of Wirecard Forex
Figures of Instarem India Private Limited, the primary company behind Wirecard Forex, for FY 2025. Revenue was ₹46.19 Cr (0% year on year). Net profit was ₹2.94 Cr (6% margin). EBITDA was ₹3.91 Cr (8% margin). Revenue has grown at a compounded annual rate of +48% over three years and -48% over five years.
- ₹46.19 CrRevenue · FY 2025 · 0% YoY
- ₹2.94 CrNet profit · 6% margin
- ₹3.91 CrEBITDA · 8% margin
- ₹27.54 CrPaid-up capital
- 204Employees (provident fund records)
- +48%Revenue CAGR, 3 years
- -48%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Instarem India Private Limited are on its company page.
Detailed financial statements for Wirecard Forex
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Timeline of Wirecard Forex
2 dated milestones of Wirecard Forex across 10 years, from founding to its latest funding, stage changes and deals.
- Founded Wirecard Forex is founded.
- Exit Acquired by NIUM.
Similar companies to Wirecard Forex
10 companies that operate in the same segment as Wirecard Forex (Currency Exchange Services), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Foreign exchange services are provided to facilitate international money access. | 1976 | London, England, United Kingdom | – | – | – | |
Forex market settlement, processing, and data solutions are provided globally. | 1997 | London, England, United Kingdom | – | – | – | |
Currency management services are provided by Argentex globally. | 2011 | London, England, United Kingdom | – | USD 50.71 M | 86 | |
Provider of foreign exchange expertise and execution for middle market companies | 2002 | South Jordan, Utah, United States | – | – | 114 | |
Currency exchange services for clients are provided by CXI internationally. | 1998 | Lynnwood, Washington, United States | – | USD 72.32 M | 390 | |
Precious metal bullion, coins, and storage products are retailed online. | 2004 | – | USD 70 M | – | – | |
Functions as an online platform for buying and selling cryptocurrencies like Beam and Grin. | 2020 | Delhi, Delhi, India | – | – | – | |
Olympia Trust Company is engaged in providing trust and financial services to Canadian investors. | 1996 | Calgary, Alberta, Canada | – | – | – | |
Cross-border money transfers and currency exchange services are offered. | 1996 | Petaling Jaya, Selangor, Malaysia | – | USD 47.36 M | – | |
Provider of currency exchange services | 2003 | London, England, United Kingdom | – | – | – |
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Frequently Asked Questions about Wirecard Forex
Wirecard Forex was founded in 2011.
Wirecard Forex is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.
Wirecard Forex has 204 employees.
The primary company behind Wirecard Forex, Instarem India Private Limited, reported revenue of ₹46.19 Cr for FY 2025, down 0% year on year.
Wirecard Forex was established in 2011 in Bengaluru, India, within the financial services sector. Foreign exchange solutions are delivered to support cross-border payments and currency conversions. Operations are based in India, serving clients through digital platforms accessible via the domain wirecardforex.com. Focus is placed on efficient forex transactions for businesses and individuals in the region.
Wirecard Forex has 1 investor. Key investors include NIUM.
Wirecard Forex operates through Instarem India Private Limited.
Yes. Wirecard Forex was acquired by NIUM in July 2021.
The legal entities of Wirecard Forex currently have 3 directors, including Kailash Suresh Gupta, Neha Sharma, Krishnapillai Balaramanunnithan.