Remunance Systems Private Limited

Software company providing payroll, HRM, and business incubation services since 2004.

2004 | Pune, Maharashtra (India) | Active
Last Updated: July 31, 2024

Remunance Systems Profile

Key Indicators

  • Authorised Capital ₹ 1.50 Cr
  • Paid Up Capital ₹ 1.03 M
  • Company Age 21 Year, 12 Days
  • Last Filing with ROC 31 Mar 2023
  • Satisfied Charges ₹ 1.35 M
  • Revenue Growth -37.73%
  • Profit Growth -104.69%
  • Ebitda -143.71%
  • Net Worth -30.10%
  • Total Assets -28.73%

About Remunance Systems

Remunance Systems Private Limited (RSPL) is a Private Limited Indian Non-Government Company incorporated in India on 27 January 2004 and has a history of 21 years. Its registered office is in Pune, Maharashtra, India.

The Corporate was formerly known as Exl Sourcesoft Systems Private Limited. The Company is engaged in the Information Technology Industry.

The Company's status is Active, and it has filed its Annual Returns and Financial Statements up until 31 March 2023. It's a company limited by shares with an authorized capital of Rs 1.50 Cr and a paid-up capital of Rs 1.03 M.

The company has closed loans amounting to ₹1.35 M, and has no open charges as per Ministry of Corporate Affairs (MCA) records.

Ranjana Vaidya and Rajendra Vaidya serve as directors at the Company.

Company Details

  • Location

    Pune, Maharashtra, India

  • Telephone

    +91-XXXXXXXXXX

  • Email Address
  • Social Media

Corporate Identity Details

  • CIN/LLPIN

    U72200PN2004PTC018829

  • Company No.

    018829

  • Company Classification

    Private Limited Indian Non-Government Company

  • Incorporation Date

    27 Jan 2004

  • Date of AGM

    30 Sep 2023

  • Date of Balance Sheet

    31 Mar 2023

  • Listing Status

    Unlisted

  • ROC Code

    Roc Pune

Industry

Information Technology

What products or services does Remunance Systems Private Limited offer?

Remunance Systems Private Limited offers a wide range of products and services, including HR & Payroll Outsourcing Services, Administrative Support Service, Business Planning and Management, Business Consultant, Third Party Payroll Service, Business Solution, Attendance Management Software.

Who are the key members and board of directors at Remunance Systems?

Executive Team (1)

Name Designation Appointment Date Status
Rajendra Vaidya Country flag representing In Managing Director 29-Jan-2004 Current

Board Members (1)

Name Designation Appointment Date Status
Ranjana Vaidya Country flag representing In Director 29-Jan-2004 Current

Financial Performance of Remunance Systems.

Remunance Systems Private Limited, for the financial year ended 2023, experienced significant reduction in revenue, with a 37.73% decrease. The company also saw a substantial fall in profitability, with a 104.69% decrease in profit. The company's net worth observed a substantial decline by a decrease of 30.1%.

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
-37.73%
Revenue from Operations
-41.95%
Total Assets
-28.73%
Profit or Loss
-104.69%
Net Worth
-30.10%
EBITDA
-143.71%

What is the Ownership and Shareholding Structure of Remunance Systems?

In 2023, Remunance Systems 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

₹0

Satisfied Charges

₹0.14 Cr

Charges Breakdown by Lending Institutions

  • Bank Of Maharashtra : 0.14 Cr

Latest Charge Details

Date Lender Amount Status
31 Jan 2008 Bank Of Maharashtra ₹1.35 M Satisfied

How Many Employees Work at Remunance Systems?

Remunance Systems has a workforce of 7 employees as of Mar 31, 2024. Unlock access to detailed historical data on individuals associated with the company, including employment records, contributions to the Employees' Provident Fund Organization (EPFO), and other related insights.

Graph showing employee growth trends

Deals i

Graph showing company valuation over time

Gain comprehensive insights into the Deals and Valuation data of Remunance Systems, 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 Remunance Systems'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 Remunance Systems

Recent activity within the organization

  • Annual General Meeting

    Remunance Systems Private Limited last Annual general meeting of members was held on 30 Sep 2023 as per latest MCA records.

    30 Sep 2023

  • Balance Sheet

    Remunance Systems Private Limited has filed its annual Financial statements for the year ended 31 Mar 2023 with Roc Pune.

    31 Mar 2023

  • Charges

    A charge registered on 31 Jan 2008 via Charge ID 10090370 with Bank Of Maharashtra was fully satisfied on 23 Dec 2009.

    23 Dec 2009

  • Charges

    A charge with Bank Of Maharashtra amounted to Rs. 0.14 Cr with Charge ID 10090370 was registered on 31 Jan 2008.

    31 Jan 2008

  • Director Appointment

    Ranjana Rajendra Vaidya was appointed as a Director was appointed as a Director on 29 Jan 2004 & has been associated with this company since 21 years 10 days .

    29 Jan 2004

  • Director Appointment

    Rajendra Ramchandra Vaidya was appointed as a Managing Director was appointed as a Managing Director on 29 Jan 2004 & has been associated with this company since 21 years 10 days .

    29 Jan 2004

Frequently asked questions

  • Remunance Systems Private Limited was incorporated on 27 Jan 2004.

  • The authorized share capital of Remunance Systems Private Limited is ₹ 1.50 Cr and paid-up capital is ₹ 1.03 M.

  • Currently 2 directors are associated with Remunance Systems Private Limited.

    • Ranjana Rajendra Vaidya
    • Rajendra Ramchandra Vaidya
  • As per Ministry of Corporate Affairs (Mca), the registered address of Remunance Systems Private Limited is Flat No 11 S No 133 Meghana Terreses Mrutyunjay Soc Pl No 4142 Kothrud, Pune, Maharashtra, India, 411038.

  • The corporate identification number (CIN) of Remunance Systems Private Limited is U72200PN2004PTC018829 and the company number is 018829 as per Ministry of Corporate Affairs (MCA).

  • The Official website of Remunance Systems Private Limited is https://www.remunance.com

  • According to the financial reports for the fiscal year 2023, the revenue trend for Remunance Systems Private Limited has fallen by -37.73%.

  • As Per 2023 financial reports, 7 employees are currently employed by Remunance Systems Private Limited.

  • The financial reports for the fiscal year 2023 indicates that The net worth of Remunance Systems Private Limited has experienced an downturn of -30.10%.

  • The most recent Balance Sheet for Remunance Systems Private Limited was filed with the ROC on 31 Mar 2023.

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