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 The company has 1 GST registration on record, which is no longer active.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. Its 10 peer companies in the Business Services industry (Business Auxiliary Services) are compared by revenue, 5 larger and 5 smaller; the largest is Creative E-Network Private Limited with revenue of ₹76.53 Lakh. 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.
- EmailLocked
- TelephoneLocked
- 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
- 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
- One PDF report, delivered after checkout
Business Activity of Remunance Systems Private Limited
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 | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| M | Professional, Scientific and Technical | M2 | Accounting, book keeping and auditing activities, tax consultancy | Locked |
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Remunance Systems Private Limited FY 2024 filings available
Remunance Systems Private Limited reported revenue of ₹75.47 Lakh (down 47% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Remunance Systems Private Limited
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 of Remunance Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹16.73 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹8.39 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Remunance Systems Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 22.2% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 11.1% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Remunance Systems are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
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 8 Months | As last reported |
| Rajendra Ramchandra Vaidya Also directs: Remunance Systems LLP, Remunance Services Private Limited | Managing Director | 29 Jan 2004 | 22 Years 8 Months | As last reported |
Peer Comparison of Remunance Systems Private Limited
Remunance Systems Private Limited is compared with the companies closest to it by revenue in the Business Services industry (Business Auxiliary Services). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Creative E-Network Private Limited | ₹76.53 Lakh (FY 2025) | •••• | •••• | -40.0% | •••• | Shreshtha Vihar, Delhi, India |
| Trimitiy Studios Private Limited | ₹76.12 Lakh (FY 2025) | •••• | •••• | -5.0% | •••• | Pune, Maharashtra, India |
| Blue Bell Parks Private Limited | ₹76.09 Lakh (FY 2025) | •••• | •••• | 0.0% | •••• | Ponneri, Tamil Nadu, India |
| Catalyst Info Media Private Limited | ₹75.75 Lakh (FY 2023) | •••• | •••• | 522.0% | •••• | Delhi, India |
| Emgee Business Services Private Limited | ₹75.62 Lakh (FY 2024) | •••• | •••• | 131.0% | •••• | Ernakulam, Kerala, India |
| Remunance Systems Private Limited this company | ₹75.47 Lakh (FY 2024) | •••• | •••• | -47.0% | •••• | Pune, Maharashtra, India |
| Av Infosolutions Private Limited | ₹75.42 Lakh (FY 2025) | •••• | •••• | 25.0% | •••• | New Delhi, Delhi, India |
| HM Plaza Business Centre Private Limited | ₹75.08 Lakh (FY 2025) | •••• | •••• | 29.0% | •••• | Kolkata, West Bengal, India |
| SRC Entertainment Private Limited | ₹75.03 Lakh (FY 2024) | •••• | •••• | 3344.0% | •••• | Secunderabad, Telangana, India |
| Vision Success Services Private Limited | ₹75 Lakh (FY 2025) | •••• | •••• | 413.0% | •••• | Ladwa, Haryana, India |
| Redvent Strategy & Design Private Limited | ₹75 Lakh (FY 2024) | •••• | •••• | •••• | Bangalore, Karnataka, India |
Peers are the five companies nearest above and the five nearest below Remunance Systems by revenue in the Business Services industry (Business Auxiliary Services), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Remunance Systems Private Limited
Remunance Systems Private Limited is audited by KISHOR B. PHADKE & CO. for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| KISHOR B. PHADKE & CO. | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Remunance Systems Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Remunance Systems Private Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 31 Jan 2008 | Bank of Maharashtra | ₹13.5 Lakh | Satisfied |
Total charge records: 1 View all charges
Deals & Funding of Remunance Systems Private Limited
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 |
Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal Cases of Remunance Systems Private Limited
Remunance Systems Private Limited has 1 court case on record: 1 filed against it. All case is disposed. Status as checked on 04 Oct 2026.
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 Limited | Disposed |
Full case history
All 1 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
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 by Remunance Systems Private Limited
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 | •••• | •••• | •••• |
Full MSME payment history
Every supplier, amount and due date from all 2 MSME Form 1 returns is in the company report.
- Every reported supplier due
- Amounts and due dates
- Reasons given in each return
- Period-by-period history
Verified entity values are shown only after access is granted.
Individuals and sole proprietors among the suppliers are not named. Amounts, due dates and filing dates are in the company report.
Employees and EPFO Compliance at Remunance Systems Private Limited
Remunance Systems Private Limited has a workforce of 7 employees as of Mar 31, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Remunance Systems Private Limited
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.
Credit Ratings, Litigation & Regulatory Alerts for Remunance Systems Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Remunance Systems Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Remunance Systems Private Limited
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.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Remunance Systems Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Remunance Systems Private Limited
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.
Remunance Systems reported revenue of ₹75.47 Lakh for FY 2024 (down 47% YoY).
Remunance Systems has an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹10.25 Lakh.
Remunance Systems reported a net profit of ₹8.39 Lakh (net margin 11.1%) and EBITDA of ₹16.73 Lakh (EBITDA margin 22.2%) for FY 2024, as per its filed financial statements.
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.