About Remunance Systems Private Limited
Data last updated:
Remunance Systems Private Limited was a private limited company based in Pune, Maharashtra, India. The company has been converted to a Limited Liability Partnership (LLP) and no longer exists as a company. For the latest details, refer to the successor LLP. It operated in the software development and support services segment of the technology and IT services sector. It was incorporated on 27 January 2004.
The company was registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2004PTC018829. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹10.25 Lakh. It was formerly known as Exl Sourcesoft Systems Private Limited. It was led by directors Rajendra Ramchandra Vaidya (Managing Director) and Ranjana Rajendra Vaidya.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office was at Flat No 11 S No 133 Meghana Terreses Mrutyunjay Soc Pl No 4142 Kothrud, Pune, Maharashtra, India – 411038.
As per the financials filed for FY 2024, the company reported a revenue of ₹75.47 Lakh, a decline of 47% compared to the previous year. For the same year it recorded a net profit of ₹8.39 Lakh (net margin 11.1%) and EBITDA of ₹16.73 Lakh (EBITDA margin 22.2%). Revenue has declined at a compounded annual rate (CAGR) of 40% over three years and 38% over five years.
The company has about 7 employees on its provident fund (EPFO) records.
As per MCA filings, the company has satisfied charges of ₹13.5 Lakh on record. Court records list 1 case involving the company, including 1 filed against it. The company has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.48 Cr; the latest was in March 2015. The company has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier.
The last known website on record is remunance.com.
Company details
Contact details
Remunance Systems Private Limited's registered office is in Pune, Maharashtra. Its website is remunance.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressFlat No 11 S No 133 Meghana Terreses Mrutyunjay Soc Pl No 4142 Kothrud, Pune, Maharashtra, India – 411038
- IndustryInformation Technology, Software Development & Support Services
To see the full contact details of Remunance Systems Private Limited, buy the company report.
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
Business activity
The main business activities of Remunance Systems are professional, scientific and technical and support service to organizations. In detail, this covers accounting, book keeping and auditing activities, tax consultancy and other support services to organizations. 2 activity segments are registered with the MCA.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M2 | Accounting, book keeping and auditing activities, tax consultancy | |
| N | Support service to Organizations | N7 | Other support services to organizations |
To see the full business activity and turnover split of Remunance Systems Private Limited, buy the company report.
Financials of Remunance Systems Private Limited
FY 2024 filings availableRemunance Systems Private Limited reported revenue of ₹75.47 Lakh (down 47% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR)
Revenue has declined at a compounded annual rate (CAGR) of 38% over five years, including a 47% fall in the latest year. EBITDA rose 18% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| EBITDA | ₹16.73 Lakh | ||||
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| Net Profit (PAT) | ₹8.39 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
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| Profitability | |||||
| EBITDA Margin | 22.2% | ||||
| Net Profit Margin | 11.1% | ||||
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To see the full financial statements and ratios of Remunance Systems Private Limited, buy the company report.
Board of directors of Remunance Systems Private Limited
Remunance Systems has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Ranjana Rajendra Vaidya Also directs: Remunance Systems LLP, Remunance Services Private Limited | Director | 29 Jan 2004 | 22 Years 9 Months | As last reported |
| Rajendra Ramchandra Vaidya Also directs: Remunance Systems LLP, Remunance Services Private Limited | Managing Director | 29 Jan 2004 | 22 Years 9 Months | As last reported |
Auditor
Remunance Systems Private Limited is audited by KISHOR B. PHADKE & CO. for the financial year 2022.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| KISHOR B. PHADKE & CO. | FY 2022 | 116800W |
Shareholding
The shareholding of Remunance Systems Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Remunance Systems Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2008 | 10090370 | Bank of Maharashtra | ₹13.5 Lakh | Satisfied |
To see the full charge records of Remunance Systems Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Remunance Systems Private Limited has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.48 Cr; the latest was in March 2015.
Deals on record (3 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2015 | Secondary share transfer | Undisclosed | Seller: Parimal and Pramod Chaudhari Foundation |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: Parimal and Pramod Chaudhari Foundation |
| Mar 2009 | Funding round | ₹23.3 Lakh | Investors: 2 individuals |
To see the full deal history of Remunance Systems Private Limited, buy the company report.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
Remunance Systems Private Limited has 1 court case on record: 1 filed against it. All case is disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 1 | 1 | 0 |
Cases on record (1 of 1)
| Court | Type of case | Party | Status |
|---|---|---|---|
| High Court of Delhi | Court case (CS(OS)) | Filed against the company by Exl Service.Com(India) Private Ltd | Disposed |
To see the full case history of Remunance Systems Private Limited, buy the company report.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
MSME payment delays
Remunance Systems Private Limited has 2 MSME Form 1 returns on record for the period ending Mar 2019, listing 2 overdue payments to 1 micro and small supplier. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (1 of 1)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Dimakh Consultants Private Limited |
To see the full MSME payment records of Remunance Systems Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Remunance Systems Private Limited has a workforce of 7 employees on its EPFO records as of Mar 31, 2024, across 1 active EPFO establishment.
GST
Remunance Systems has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
To see the full GST registrations and return filing status of Remunance Systems Private Limited, buy the company report.
Recent activity
Remunance Systems Private Limited has 3 board changes on record since 2004: 2 appointments and 1 cessation. The latest: Chandrashekhar Dattatraya Dasnurkar ceased to be Director on 31 Mar 2014.
Frequently asked questions
Remunance Systems has been "Converted to LLP" - the business changed its legal structure from a company to a Limited Liability Partnership. The original company no longer exists in its previous form. For the latest information, refer to the successor LLP entity registered with MCA.
Remunance Systems was a private limited company based in Pune, Maharashtra, India. The company worked in software development and support services, within the information technology industry. It was incorporated on 27 January 2004 and is registered under CIN U72200PN2004PTC018829. For the latest details, refer to the successor LLP entity.
The CIN (Corporate Identification Number) of Remunance Systems is U72200PN2004PTC018829. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Remunance Systems had 2 directors:
- Rajendra Ramchandra Vaidya - Managing Director
- Ranjana Rajendra Vaidya - Director
Remunance Systems was incorporated on 27 January 2004. It is registered with the Registrar of Companies, Pune.
Remunance Systems can be reached through the website remunance.com. Its registered office is in Pune, Maharashtra, India.
The registered office of Remunance Systems is at Flat No 11 S No 133 Meghana Terreses Mrutyunjay Soc Pl No 4142 Kothrud, Pune, Maharashtra, India – 411038.
The latest financial statements of Remunance Systems on record with the MCA are for the year ended 31 March 2024. Its last annual general meeting was held on 30 September 2024. Year-wise statements from 2015 are in the company report.
No. Remunance Systems has 1 GST registration on record and it is cancelled or inactive.
Remunance Systems operated in the information technology industry, in the software development and support services segment.
Remunance Systems has 5 deals on record (3 secondary share transfers, 2 funding rounds), with disclosed funding of ₹1.48 Cr; the latest was in March 2015.
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