About Instarem India Private Limited
Data last updated: 08 January 2026
Instarem India Private Limited is a private limited company based in Bangalore, Karnataka, India, a subsidiary of Nium Pte Ltd. It specialises in forex services, a part of the broader financial services sector. Incorporated on 19 December 2011, the company has been in operation for over 15 years.
Registered with ROC Bangalore under CIN U63000KA2011PTC061735.
Capital: an authorised share capital of ₹35 Cr and a paid-up capital of ₹27.54 Cr. Formerly known as Wirecard Forex India Private Limited and Star Global Currency Exchange Private Limited. It is led by directors Kailash Suresh Gupta and Krishnapillai Balaramanunnithan.
Last AGM: 24 September 2025. Financial statements filed for year ended 31 March 2025. Office: Bangalore, Karnataka.
As per the financials filed for FY 2025, the company reported a revenue of ₹46.19 Cr, a growth of 0% compared to the previous year.
The company has a workforce of approximately 204 employees as per the latest available data. It operates as a subsidiary of Nium Pte Ltd.
The company is associated with 3 brands - Nium Forex, Wirecard Forex, Instarem.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website wirecardforex.com.
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Registered AddressCunningham Classic 22 Cunningham Rd Now Known As Sampangi Ramaswamy Temple Road Tasker T, Own, Bangalore, Karnataka, India – 560052
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IndustryFinancial Services, Forex Services
- Historical Financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Litigation, compliance and MCA filings
- PDF report delivered after checkout
Name History of Instarem India Private Limited
Instarem India Private Limited has undergone 4 name changes throughout its history. The current legal name is Instarem India Private Limited, reflecting the company's evolution and rebranding over time.
| Company Name | Status |
|---|---|
| Instarem India Private Limited | Current |
| Wirecard Forex India Private Limited | Previous |
| Star Global Currency Exchange Private Limited | Previous |
| Guide Travels And Forex Services Private Limited | Previous |
Associated Brands with Instarem India Private Limited
Instarem India Private Limited operates multiple associated brands including Nium Forex, Wirecard Forex, and InstaReM. These brands represent Instarem India Private Limited's diversified market presence and brand portfolio.
| Brand | Description | Website |
|---|---|---|
| Provides foreign currency exchange, prepaid cards, and overseas remittances services. | niumforex.com | |
| Provider of foreign exchange services | wirecardforex.com | |
| Cross-border money transfers are facilitated for individuals and businesses. | instarem.com |
Competitors & Alternatives of Instarem India Private Limited
Brands and companies operating in the same space as Instarem India Private Limited include Payoneer, Wise, Airwallex and 7 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
Payoneer
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Cross-border payments are enabled for businesses via diverse payout methods. | New York, United States, United States | 2005 |
Wise
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Cross-border remittances are enabled for individuals and businesses via apps. | Shoreditch, United Kingdom, United Kingdom | 2011 |
Airwallex
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Cross-border payments are processed for businesses via tools and APIs. | Singapore, Singapore, Singapore | 2015 |
Ebury
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Forex risk management and payment solutions are provided for businesses. | London, United Kingdom, United Kingdom | 2009 |
TransferGo
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Cross-border remittances are enabled for consumers and businesses. | London, United Kingdom, United Kingdom | 2012 |
Remessa Online
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International payments are enabled online for consumers and businesses. | Sao Paulo, Brazil, Brazil | 2016 |
Thunes
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Cross-border payment infrastructure provider | Singapore, Singapore, Singapore | 2016 |
Rapyd
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Global payment solutions are provided by Rapyd to businesses worldwide. | London, United Kingdom, United Kingdom | 2016 |
2C2P
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Payment processing solutions for businesses | Singapore, Singapore, Singapore | 2003 |
CurrencyFair
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Cross-border money transfers are enabled through CurrencyFair's platform. | Dublin, Ireland, Ireland | 2010 |
Business Activity of Instarem India Private Limited
Instarem India Private Limited is engaged in the principal business activity of financial and insurance service, with detailed activities including other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
Business activity turnover details for Instarem India Private Limited
Turnover contribution percentages and historical activity changes require an active report plan.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
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Auditor Details of Instarem India Private Limited
Instarem India Private Limited is audited by S. VISWANATHAN LLP for the financial year 2025. The auditor plays a crucial role in ensuring financial transparency and compliance with accounting standards.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S. VISWANATHAN LLP | Locked | Locked | Locked |
Complete auditor history for Instarem India Private Limited
Appointment status, appointment dates, cessation dates, and historical auditor changes require an active report plan.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
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Board of Directors of Instarem India Private Limited
Instarem India Private Limited is currently managed by 2 directors, with 18 former directors having served the organization. The current Directors play a crucial role in shaping the company's strategic direction and governance.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
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Kailash Suresh Gupta
Also directs:
Socash India Private Limited
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Additional Director | 04 Oct 2024 | 1 Years 10 Months | Current |
| Krishnapillai Balaramanunnithan | Additional Director | 04 Oct 2024 | 1 Years 10 Months | Current |
Financials of Instarem India Private Limited FY 2025 filings available
Instarem India Private Limited reported revenue of ₹46.19 Cr for FY 2025.
Ten-year financial statements for Instarem India Private Limited
Historical statement values and trend charts require an active report plan.
- Income statements
- Balance sheets
- Cash-flow statements
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Ownership and Shareholding of Instarem India Private Limited
Shareholding and ownership data for Instarem India Private Limited
Promoter, institutional, public, and beneficial ownership values require an active report plan.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
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Charges & Borrowings Instarem India Private Limited
Instarem India Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Instarem India Private Limited
Instarem India Private Limited has a workforce of 204 employees as of Oct 10, 2025.
Employee and EPFO history for Instarem India Private Limited
Monthly headcount, contribution history, establishment records, and filing compliance require an active report plan.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
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GST Compliance of Instarem India Private Limited
GST registrations and filing compliance for Instarem India Private Limited
State-wise registrations, return filing status, HSN and SAC details, and jurisdiction records require an active report plan.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
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Credit Ratings, Litigation & Regulatory Alerts for Instarem India Private Limited
Credit ratings, litigation, and regulatory alerts for Instarem India Private Limited
Agency ratings, court records, regulatory events, and entity-specific compliance alerts require an active report plan.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
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MSME Payment Delays by Instarem India Private Limited
MSME payment history for Instarem India Private Limited
Amounts outstanding to micro and small suppliers, delay reasons, and MSME-1 filing history require an active report plan.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
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Subsidiaries & Group Companies of Instarem India Private Limited
Corporate group structure for Instarem India Private Limited
Parent, subsidiary, associate, joint venture, and ownership records require an active report plan.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
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MCA Filings & Documents of Instarem India Private Limited
MCA filings and documents for Instarem India Private Limited
Official forms, annual returns, financial statements, charge filings, and document dates require an active report plan.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
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Recent Activity on Instarem India Private Limited
Frequently Asked Questions about Instarem India Private Limited
Instarem India Private Limited is an active private limited company in the financial services sector based in Bangalore, Karnataka, India. It was incorporated on 19 December 2011 (15+ years old) and is registered under CIN U63000KA2011PTC061735. The company has 204 employees.
Instarem India Private Limited reported revenue of ₹46.19 Cr for FY 2025 (up 0.00% YoY).
The current directors of Instarem India Private Limited are:
- Kailash Suresh Gupta - Additional Director
- Krishnapillai Balaramanunnithan - Additional Director
The primary industry of Instarem India Private Limited is financial services. The company specifically operates in forex services. The company is currently active in this sector.
Instarem India Private Limited can be reached at the registered office: Cunningham Classic 22 Cunningham Rd Now Known As Sampangi Ramaswamy Temple Road Tasker T, Own, Bangalore, Karnataka, India – 560052, or through the website wirecardforex.com.
The authorised capital is ₹35 Cr, and the paid-up capital is ₹27.54 Cr.