Remitout Service Private Limited

Online portal for foreign currency and money transfer services, partnered with various financial institutions.

2017 | Mumbai, Maharashtra (India) | Active
Last Updated: November 16, 2024

Remitout Service Profile

Key Indicators

  • Authorised Capital ₹ 0.75 M
  • Paid Up Capital ₹ 0.50 M
  • Company Age 7 Year, 5 Months
  • Last Filing with ROC 31 Mar 2024
  • Open Charges ₹ 2.80 M
  • Revenue Growth 81.38%
  • Profit Growth 43.56%
  • Ebitda 28.13%
  • Net Worth 43.70%
  • Total Assets 19.65%

About Remitout Service

Remitout Service Private Limited (RSPL) is a registered startup operating as a Private Limited Indian Non-Government Company incorporated in India on 24 August 2017 (Seven years and five months 7 days old ). Its registered office is in Mumbai, Maharashtra, India.

The Company is engaged in the Financial Services Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2024. It's a company limited by shares with an authorized capital of Rs 0.75 M and a paid-up capital of Rs 0.50 M.

The company currently has active open charges totaling ₹2.80 M.

Nafees Siddiq and Kritika Saini serve as directors at the Company.

Company Details

  • Location

    Mumbai, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72200MH2017PTC299015

  • Company No.

    299015

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    24 Aug 2017

  • Date of AGM

    30 Sep 2024

  • Date of Balance Sheet

    31 Mar 2024

  • Listing Status

    Unlisted

  • ROC Code

    Roc Mumbai

Industry

Financial Services

Who are the key members and board of directors at Remitout Service?

Board Members (2)

NameDesignationAppointment DateStatus
Nafees Siddiq Country flag representing In Director 24-Aug-2017Current
Kritika Saini Country flag representing In Director 24-Aug-2017Current

Financial Performance of Remitout Service.

Remitout Service Private Limited, for the financial year ended 2023, experienced significant growth in revenue, with a 81.38% increase. The company also saw a substantial improvement in profitability, with a 43.56% increase in profit. The company's net worth Soared by an impressive increase of 43.7%.

Graph illustrating revenue growth over time
Graph showing profit and loss trends over time
  • Key Matrics
  • Balance Sheet
  • Profit and Loss
  • Cash Flow
  • Ratios
Metrics
(FY 2023)YOY Growth
(FY 2022)(FY 2021)(FY 2020)(FY 2019)
Total Revenue
81.38%
Revenue from Operations
79.64%
Total Assets
19.65%
Profit or Loss
43.56%
Net Worth
43.70%
EBITDA
28.13%

What is the Ownership and Shareholding Structure of Remitout Service?

In 2023, Remitout Service had a promoter holding of 100.00%. Access key insights, ownership, including shareholding patterns, funding, foreign investors, KMP remuneration, group structure, and overseas investments.

Shareholding Indicator graph

Charges (Loans)

Open Charges

₹2.80 M

Satisfied Charges

₹0

Charges Breakdown by Lending Institutions

  • Hdfc Bank Limited : 0.28 Cr

Latest Charge Details

DateLenderAmountStatus
17 Jul 2021Hdfc Bank Limited₹2.80 MOpen

How Many Employees Work at Remitout Service?

Unlock and access historical data on people associated with Remitout Service, such as employment history, contributions to the Employees' Provident Fund Organization (EPFO), and related information.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Remitout Service, offering detailed information on various transactions, including security allotment data. Explore the intricate details of financial agreements, mergers, acquisitions, divestitures, and strategic partnerships that have shaped Remitout Service's trajectory.

Rating

Graph displaying rating trends over time

Access the credit rating data, providing valuable insights into the company's creditworthiness and financial stability. Explore assessments from leading credit rating agencies, evaluating factors such as debt obligations, liquidity, profitability, and overall financial health.

Alerts

Alert Indicator

Stay informed about regulatory alerts and litigation involving and associated companies. Receive timely updates on legal proceedings, regulatory changes, and compliance issues that may impact the company's operations, reputation, and financial performance. Monitor litigation involving subsidiaries, joint ventures, and other affiliated entities to assess potential risks and liabilities.

Latest Updates, News, and FAQs on Remitout Service

Recent activity within the organization

  • Annual General Meeting

    Remitout Service Private Limited last Annual general meeting of members was held on 30 Sep 2024 as per latest MCA records.

    30 Sep 2024

  • Balance Sheet

    Remitout Service Private Limited has filed its annual Financial statements for the year ended 31 Mar 2024 with Roc Mumbai.

    31 Mar 2024

  • Charges

    A charge with Hdfc Bank Limited amounted to Rs. 2.80 M with Charge ID 100472519 was registered on 17 Jul 2021.

    17 Jul 2021

  • Director Appointment

    Nafees Dadi Siddiq was appointed as a Director was appointed as a Director on 24 Aug 2017 & has been associated with this company since 7 years 5 months .

    24 Aug 2017

  • Director Appointment

    Kritika Saini was appointed as a Director was appointed as a Director on 24 Aug 2017 & has been associated with this company since 7 years 5 months .

    24 Aug 2017

  • Company Incorporation

    Remitout Service Private Limited was registered on 24 Aug 2017 with Roc Mumbai & aged 7 years 5 months as per MCA records.

    24 Aug 2017

Frequently asked questions

  • Remitout Service Private Limited was incorporated on 24 Aug 2017.

  • The authorized share capital of Remitout Service Private Limited is ₹ 0.75 M and paid-up capital is ₹ 0.50 M.

  • Currently 2 directors are associated with Remitout Service Private Limited.

    • Nafees Dadi Siddiq
    • Kritika Saini
  • As per Ministry of Corporate Affairs (Mca), the registered address of Remitout Service Private Limited is B/415Damji Shamni Corporate Square Behind Everest Garden Gm Link Rd Gtk India, Mumbai, Maharashtra, 400075.

  • The corporate identification number (CIN) of Remitout Service Private Limited is U72200MH2017PTC299015 and the company number is 299015 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Remitout Service Private Limited is https://www.remitout.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Remitout Service Private Limited has risen by 81.38%.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Remitout Service Private Limited has experienced an upsurge of 43.70%.

  • As per the financial statements for fiscal Year 2023, The total open charges for Remitout Service Private Limited amount to ₹ 2.80 M.

  • The most recent Balance Sheet for Remitout Service Private Limited was filed with the ROC on 31 Mar 2024.