DPIIT recognised startup Government of India
Startup India
Cyforce Private Limited - information technology in Mumbai, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2025
₹34.94 Lakh
▼ 81% YoY
Net loss · FY 2025
₹12.75 Lakh
Net margin -36.5%
EBITDA · FY 2025
-₹4.65 Lakh
EBITDA margin -13.3%
Authorised capital
₹1 Lakh
Registered with MCA
Paid-up capital
₹1 Lakh
Issued & subscribed
Company age
5 yrs
Est. 2021
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Cyforce Private Limited
Data last updated:
Cyforce Private Limited is a private limited company based in Mumbai, Maharashtra, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 26 July 2021 and has been in existence for over 5 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2021PTC364600. Its GSTIN is 27AAJCC6499B1ZE (Maharashtra).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹1 Lakh. It is led by directors Makarand Jaywant Wagh and Santosh Jaywant Wagh.
Its last annual general meeting (AGM) was held on 30 September 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 2025, the company reported a revenue of ₹34.94 Lakh, a decline of 81% compared to the previous year. For the same year it recorded a net loss of ₹12.75 Lakh (net margin -36.5%) and EBITDA of -₹4.65 Lakh (EBITDA margin -13.3%). Revenue has declined at a compounded annual rate (CAGR) of 13% over three years.
The company is associated with 1 brand: Cyforce.
Cyforce Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-19-0100655). For more details, the company can be reached via its website cyforce.in.
Company Details of Cyforce Private Limited
CIN U72900MH2021PTC364600
Registration Number 364600
Incorporation Date 26 July 2021
ROC Mumbai
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-MH-19-0100655
Recognitions & Rankings of Cyforce
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-MH-19-0100655
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address12th Floor 1205 B & C Wing C/66 G Block One BKC Opp Bank Of Baroda Bandr, A East, Mumbai, Maharashtra, India – 400051
- IndustryInformation Technology, IT Consulting & Support Services
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Associated Brands with Cyforce Private Limited
Cyforce operates one associated brand: Cyforce. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online platform for casino games, sports betting, and secure transactions. | cyforce.in |
Business Activity of Cyforce Private Limited
The main business activity of Cyforce is information and communication. In detail, this covers publishing of computer operating systems, system software, application software, games, etc..
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J2 | Publishing of computer operating systems, system software, application software, games, etc. | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
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Financials of Cyforce Private Limited FY 2025 filings available
Cyforce Private Limited reported revenue of ₹34.94 Lakh (down 81% YoY) for FY 2025.
Revenue · FY 2025
₹34.94 Lakh ▼ 81%
Net loss · FY 2025
₹12.75 Lakh margin -36.5%
EBITDA · FY 2025
-₹4.65 Lakh margin -13.3%
Compounded Annual Growth Rate (CAGR) of Cyforce Private Limited
Revenue CAGR growth
1 year
▼ 81%
3 years · compounded
▼ 13%
EBITDA CAGR growth
1 year
▲ 95%
3 years · compounded
▲ 68%
Revenue has declined at a compounded annual rate (CAGR) of 13% over three years, including a 81% fall in the latest year. EBITDA rose 95% 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 Cyforce Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| 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 | -₹4.65 Lakh | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹12.75 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 Cyforce Private Limited
| Metrics | FY 2024-25 | FY 2023-24 | FY 2022-23 | FY 2021-22 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -13.3% | •••• | •••• | •••• |
| Net Profit Margin | -36.5% | •••• | •••• | •••• |
| 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 Cyforce are in the company report.
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Financial statements from FY 2022
Earlier years and trend charts are in the company report.
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Board of Directors of Cyforce Private Limited
Cyforce has 2 directors on record. No former directors are listed.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Makarand Jaywant Wagh Also directs: Kargo Iq.Ai Logistics Private Limited, Aetheris Technologies Private Limited, Equipresearch and Projects Private Limited and 4 more | Director | 26 Jul 2021 | 5 Years 2 Months | Current |
| Santosh Jaywant Wagh Also directs: Kargo Iq.Ai Logistics Private Limited, Aetheris Technologies Private Limited, Macans Infotech Private Limited and 3 more | Director | 26 Jul 2021 | 5 Years 2 Months | Current |
Peer Comparison of Cyforce Private Limited
Cyforce Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Sankhyasutra Labs Limited | ₹35 Lakh (FY 2025) | •••• | •••• | -59.0% | •••• | Ahmedabad, Gujarat, India |
| Ontogeny Healthtech Private Limited | ₹34.98 Lakh (FY 2023) | •••• | •••• | 6.0% | •••• | Malda, West Bengal, India |
| Iface Private Limited | ₹34.98 Lakh (FY 2021) | •••• | •••• | 8.0% | •••• | Hyderabad, Telangana, India |
| Viewy Digital Private Limited | ₹34.97 Lakh (FY 2023) | •••• | •••• | 107.0% | •••• | Kanayannur, Kerala, India |
| Halfpixel Gaming Solutions Private Limited | ₹34.94 Lakh (FY 2025) | •••• | •••• | -94.0% | •••• | Vadodara, Gujarat, India |
| Cyforce Private Limited this company | ₹34.94 Lakh (FY 2025) | •••• | •••• | -81.0% | •••• | Mumbai, Maharashtra, India |
| Rack Infotech Private Limited | ₹34.91 Lakh (FY 2023) | •••• | •••• | -17.0% | •••• | Pune, Maharashtra, India |
| Phoenix Webtech Private Limited | ₹34.9 Lakh (FY 2024) | •••• | •••• | 70.0% | •••• | Lucknow, Uttar Pradesh, India |
| Teceads Solutions Private Limited | ₹34.9 Lakh (FY 2025) | •••• | •••• | -42.0% | •••• | Bhubaneswar, Odisha, India |
| VRD Squared Technologies Private Limited | ₹34.88 Lakh (FY 2025) | •••• | •••• | -18.0% | •••• | Kollam, Kerala, India |
| Iblueants Infosystems Private Limited | ₹34.87 Lakh (FY 2024) | •••• | •••• | 13.0% | •••• | Thane, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Cyforce by revenue in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.), 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 Cyforce Private Limited
Cyforce Private Limited is audited by VINIT BOHARA AND ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| VINIT BOHARA AND ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Cyforce Private Limited
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Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
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Charges & Borrowings of Cyforce Private Limited
Cyforce Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Cyforce Private Limited
Cyforce Private Limited has a workforce of 0 employees as of Mar 21, 2024.
Active EPFO establishments
1
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Cyforce Private Limited
Cyforce Private Limited has 2 board changes on record since 2021: 2 appointments. The latest: Makarand Jaywant Wagh was appointed as Director on 26 Jul 2021.
AGM
Cyforce Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Filing
Cyforce Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Mumbai.
Appointed
Makarand Jaywant Wagh was appointed as Director.
Appointed
Santosh Jaywant Wagh was appointed as Director.
Incorporation
26 Jul 2021
Cyforce Private Limited was registered on 26 Jul 2021 with Roc Mumbai & aged 5 years 2 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Cyforce Private Limited
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Credit ratings, court records and regulatory alerts are in the company report.
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MSME Payment Delays by Cyforce Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Cyforce Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Cyforce Private Limited
Cyforce has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAJCC6499B1ZE | Maharashtra | Active | 13 Aug 2021 |
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State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Cyforce Private Limited
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Frequently Asked Questions about Cyforce Private Limited
Cyforce is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 26 July 2021 (5+ years old) and is registered under CIN U72900MH2021PTC364600.
Cyforce reported revenue of ₹34.94 Lakh for FY 2025 (down 81% YoY).
Cyforce has 2 current directors:
- Makarand Jaywant Wagh - Director
- Santosh Jaywant Wagh - Director
Cyforce reported a net loss of ₹12.75 Lakh (net margin -36.5%) and EBITDA of -₹4.65 Lakh (EBITDA margin -13.3%) for FY 2025, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Cyforce is -13% over three years. In the latest year (FY 2025) revenue fell 81%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Cyforce is 27AAJCC6499B1ZE, registered in Maharashtra.
The CIN (Corporate Identification Number) of Cyforce is U72900MH2021PTC364600. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cyforce was incorporated on 26 July 2021, making it 5+ years old. It is registered with the Registrar of Companies, Mumbai.
The peers of Cyforce by revenue are Sankhyasutra Labs Limited, Ontogeny Healthtech Private Limited, Iface Private Limited, Viewy Digital Private Limited, Halfpixel Gaming Solutions Private Limited and 5 more, all in the same principal business activity (Publishing of computer operating systems, system software, application software, games, etc.).
Makarand Jaywant Wagh was appointed as Director on 26 Jul 2021. Santosh Jaywant Wagh was appointed as Director on 26 Jul 2021.
Yes, Cyforce is recognised as a startup by the Department for Promotion of Industry and Internal Trade (DPIIT).