Company Research Report: Remunance Services Pvt Ltd
Company Overview
Name and Mission
- Name: Remunance Services Pvt Ltd
- Mission: Remunance aims to help global businesses grow by being a thought leader in the Indian PEO market, becoming a reliable India partner with prompt, transparent, and compliant services, enabling businesses to build and manage scalable teams in India, and creating meaningful job opportunities, making them an 'Employer of Choice' in India.
Founding Details
- Founded: Originally known as Remunance Systems Pvt. Ltd., details about the exact founding year are not specified. However, notable developments began in 2019.
Key People
- CEO: Ranjana (CA, FCA, DISA)
- Managing Director: Rajendra (B.E. Mech, MMS)
- Chief Client-Success Officer: Vaibhavi (B. Tech, Masters from Cornell, USA)
Headquarters
- Location: 2nd Floor, Phatak Park Apartments, Erandwane, Pune, India
Number of Employees
- Employee Strength: As of December 2022, the strength is reported as 400+ employees and rapidly growing.
Revenue
- Revenue: No information is available.
Known For
- Expertise: Remunance is known for helping global businesses expand to India using its professional Employer Organization (PEO) and Employer of Record (EOR) services. Their core strengths include talent acquisition, HR services, regulatory compliance, infrastructure support, and subsidiary entity formation.
Products
Product Offerings
- International PEO Services: Helps fast-track India team expansion, ensuring compliance and improved control over resource selection and deliverables.
- Employer of Record (EOR) Services: Simplifies and expedites the remote hiring of talent for India offices, taking over HR activities, payroll, taxation, labor law compliance, and IT support.
- Subsidiary Entity Formation: Offers legal and local guidance for incorporating foreign businesses swiftly and securely in India.
Key Features
- Comprehensive HR and compliance management all wrapped into one service package.
- Tech-enabled solutions for transparent information exchange through self-service portals.
- Prompt response and delivery within two working days or less.
Recent Developments
New Developments
- 2019: ADP acquired Remunance’s Payroll Processing Business, leading to a new beginning as Remunance Services Pvt. Ltd.
- 2020: Launch of the Hyderabad office with employee strength crossing 80+.
- 2021: Collaborated with 25 globally located clients.
- 2022: Launch of Jamshedpur and Goa offices, employee growth to 400+.
- 2023: Received ISO 27001:2013 certification and became a Certified Great Place to Work.
New Products
- No new products are specifically listed.
New Features
- No information on new features added to existing products.
Partnerships
- No specific partnerships noted, but collaboration with global clients indicates ongoing partnerships.
For more information or queries, contact Remunance at:
- Phone: 9552587175
- Email: marketing@remunance.com
