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Remitout Service Private Limited - financial services in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹2.89 Cr
▲ 31% YoY
Net profit · FY 2024
₹20.66 Lakh
Net margin 7.1%
EBITDA · FY 2024
₹32.39 Lakh
EBITDA margin 11.2%
Authorised capital
₹7.5 Lakh
Registered with MCA
Paid-up capital
₹5 Lakh
Issued & subscribed
Open charges
₹28 Lakh
Secured borrowings
Company age
9 yrs
Est. 2017
Directors on board
2
As per MCA filings
About Remitout Service Private Limited
Data last updated:
Remitout Service Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the forex services segment of the financial services sector. It was incorporated on 24 August 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U85500MH2017PTC299015. Its GSTIN is 27AAICR4834Q1ZM (Maharashtra).
The company has an authorised share capital of ₹7.5 Lakh and a paid-up capital of ₹5 Lakh. It is led by directors Nafees Dadi Siddiq and Kritika Saini.
Its last annual general meeting (AGM) was held on 14 November 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹2.89 Cr, a growth of 31% compared to the previous year. For the same year it recorded a net profit of ₹20.66 Lakh (net margin 7.1%) and EBITDA of ₹32.39 Lakh (EBITDA margin 11.2%). Revenue has grown at a compounded annual rate (CAGR) of 59% over three years and 107% over five years.
The company is associated with 1 brand: Remitout. As per MCA filings, the company has open charges of ₹28 Lakh on record.
Remitout Service Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0144177). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website remitout.com.
Company details
CIN U85500MH2017PTC299015
Registration Number 299015
Incorporation Date 24 August 2017
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 14 November 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0144177
CIN history
Remitout Service has one previous CIN (Corporate Identification Number): U72200MH2017PTC299015. The current CIN is U85500MH2017PTC299015, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U85500MH2017PTC299015 | Current |
| U72200MH2017PTC299015 | Previous |
Recognitions & Rankings of Remitout Service
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0144177
Contact details
Remitout Service Private Limited's registered office is in Mumbai, Maharashtra.
- Social Media
- Registered Address2nd Floor Office Number. B – 207 Damji Shamji Corporate Square, Ghatkopar – Andheri Link Road Near Everest Garden Ghatkopar East, Mumbai, Maharashtra, India – 400075
- IndustryFinancial Services, Forex Services
Comprehensive company report
Remitout Service Private Limited - one report that includes everything
- 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
₹799 ₹999 20% off excluding 18% GST
Secure checkout · GST invoice included
Brands
Remitout Service operates one associated brand: Remitout. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Money remittance from India to abroad is enabled online. | remitout.com |
Business activity
The main business activity of Remitout Service is professional, scientific and technical. In detail, this covers management consultancy activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M3 | Management consultancy activities |
To see the full business activity and turnover split of Remitout Service Private Limited, buy the company report.
Financials of Remitout Service Private Limited
FY 2025 filings availableRemitout Service Private Limited reported revenue of ₹2.89 Cr (up 31% YoY) for FY 2024.
Revenue · FY 2024
₹2.89 Cr ▲ 31%
Net profit · FY 2024
₹20.66 Lakh margin 7.1%
EBITDA · FY 2024
₹32.39 Lakh margin 11.2%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 31%
3 years · compounded
▲ 59%
5 years · compounded
▲ 107%
EBITDA CAGR growth
1 year
▼ 5%
3 years · compounded
▲ 27%
5 years · compounded
▲ 119%
Revenue has grown at a compounded annual rate (CAGR) of 107% over five years, including 31% growth in the latest year. EBITDA fell 5% 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 | ₹32.39 Lakh | ||||
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| Tax Expense | |||||
| Net Profit (PAT) | ₹20.66 Lakh | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 11.2% | ||||
| Net Profit Margin | 7.1% | ||||
| Return on Equity (ROE) | |||||
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To see the full financial statements and ratios of Remitout Service Private Limited, buy the company report.
Board of directors of Remitout Service Private Limited
Remitout Service has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nafees Dadi Siddiq | Director | 24 Aug 2017 | 9 Years 2 Months | Current |
| Kritika Saini | Director | 24 Aug 2017 | 9 Years 2 Months | Current |
Charges & borrowings
Open charges
₹28 Lakh
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 17 Jul 2021 | 100472519 | Hdfc Bank Limited | ₹28 Lakh | Open |
Total charge records: 1 View all charges
Legal cases
No court or tribunal cases involving Remitout Service Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Remitout Service Private Limited has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment 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 |
|---|---|---|---|
| Technobase IT Solutions Private Limited |
To see the full MSME payment records of Remitout Service Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Remitout Service has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICR4834Q1ZM | Maharashtra | Active | 17 Oct 2017 |
To see the full GST registrations and return filing status of Remitout Service Private Limited, buy the company report.
Recent activity
Remitout Service Private Limited has 2 board changes on record since 2017: 2 appointments. The latest: Kritika Saini was appointed as Director on 24 Aug 2017.
AGM
Remitout Service Private Limited last Annual general meeting of members was held on 14 Nov 2025 as per latest MCA records.
Filing
Remitout Service Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Charges
A charge with Hdfc Bank Limited amounted to Rs. 28.00 Lakh with Charge ID 100472519 was registered on 17 Jul 2021.
Appointed
Kritika Saini was appointed as Director.
Appointed
Nafees Dadi Siddiq was appointed as Director.
Incorporation
24 Aug 2017
Remitout Service Private Limited was registered on 24 Aug 2017 with Roc Mumbai & aged 9 years 2 months as per MCA records.
Frequently asked questions
Remitout Service is an active private limited company based in Mumbai, Maharashtra, India. The company works in forex services, within the financial services industry. It was incorporated on 24 August 2017 (9+ years old) and is registered under CIN U85500MH2017PTC299015.
Remitout Service has 2 current directors:
- Nafees Dadi Siddiq - Director
- Kritika Saini - Director
The latest financial statements of Remitout Service on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 14 November 2025. Year-wise statements from FY 2018 are in the company report.
The GSTIN of Remitout Service is 27AAICR4834Q1ZM, registered in Maharashtra.
The CIN (Corporate Identification Number) of Remitout Service is U85500MH2017PTC299015. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Remitout Service was incorporated on 24 August 2017, making it 9+ years old. It is registered with the Registrar of Companies, Mumbai.
Kritika Saini was appointed as Director on 24 Aug 2017. Nafees Dadi Siddiq was appointed as Director on 24 Aug 2017.
Yes, Remitout Service is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).
Yes, Remitout Service is registered as a micro enterprise under Udyam registration (number: UDYAM-MH-19-0144177).
Remitout Service has 1 MSME Form 1 return on record for the period ending Mar 2020, listing 1 overdue payment to 1 micro and small supplier. The latest return was filed on 23 May 2020.
Remitout Service can be reached through the website remitout.com. Its registered office is in Mumbai, Maharashtra, India.