MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2023-24)
- Udyam number
- UDYAM-TS-09-0036946
Myd Labs Private Limited - information technology in Hyderabad, Telangana, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹1.78 Cr
▲ 16% YoY
Net profit · FY 2024
₹10.45 Lakh
Net margin 5.9%
EBITDA · FY 2024
₹32.07 Lakh
EBITDA margin 18%
Authorised capital
₹1 Cr
Registered with MCA
Paid-up capital
₹1 Cr
Issued & subscribed
Company age
10 yrs
Est. 2016
Directors on board
2
As per MCA filings
Active GSTINs
1
GST registered
About Myd Labs Private Limited
Data last updated:
Myd Labs Private Limited is a private limited company based in Hyderabad, Telangana, India. It operates in the software development and support services segment of the technology and IT services sector. It was incorporated on 10 March 2016 and has been in existence for over 10 years.
The company is registered with the Registrar of Companies (ROC), Hyderabad, under CIN U72200TG2016PTC103759. Its GSTIN is 36AAKCM2472M1Z0 (Telangana).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹1 Cr. It is led by directors Mulpuri Vara Nagamani and Suneel Kumar Dasari.
Its last annual general meeting (AGM) was held on 29 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Survey No. 201 Lh – 17 Flat No.1902 Lanco Hills Chitrapuri Post Manikonda, Hyderabad, Telangana, India – 500089.
As per the financials filed for FY 2024, the company reported a revenue of ₹1.78 Cr, a growth of 16% compared to the previous year. For the same year it recorded a net profit of ₹10.45 Lakh (net margin 5.9%) and EBITDA of ₹32.07 Lakh (EBITDA margin 18%). Revenue has grown at a compounded annual rate (CAGR) of 28% over three years and 32% over five years.
The company is associated with 2 brands: MYD Labs and EZTax. The company has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2020. Its 10 peer companies in the Information Technology industry (Software Services) are compared by revenue, 5 larger and 5 smaller; the largest is Information and Telecom Systems (India) Private Limited with revenue of ₹1.79 Cr.
Myd Labs Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-TS-09-0036946). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website eztax.in.
Company Details of Myd Labs Private Limited
CIN U72200TG2016PTC103759
Registration Number 103759
Incorporation Date 10 March 2016
ROC Hyderabad
Listing Status Unlisted
Company Status Active
Date of Last AGM 29 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
MSME Classification Micro
Udyam Registration UDYAM-TS-09-0036946
Recognitions & Rankings of Myd Labs
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Apps
- Registered AddressSurvey No. 201 Lh – 17 Flat No.1902 Lanco Hills Chitrapuri Post Manikonda, Hyderabad, Telangana, India – 500089
- IndustryInformation Technology, Software Development & Support Services
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Associated Brands with Myd Labs Private Limited
Myd Labs operates two associated brands: MYD Labs and EZTax. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Provides online platforms for tax filing, accounting, and compliance for individuals and businesses. | mydlabs.com | |
| Online platform for income tax filing, GST accounting, and TDS preparation services. | eztax.in |
Business Activity of Myd Labs Private Limited
The main business activity of Myd Labs is financial and insurance service. In detail, this covers other financial activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| K | Financial and insurance Service | K8 | Other financial activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
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Financials of Myd Labs Private Limited FY 2025 filings available
Myd Labs Private Limited reported revenue of ₹1.78 Cr (up 16% YoY) for FY 2024.
Revenue · FY 2024
₹1.78 Cr ▲ 16%
Net profit · FY 2024
₹10.45 Lakh margin 5.9%
EBITDA · FY 2024
₹32.07 Lakh margin 18%
Compounded Annual Growth Rate (CAGR) of Myd Labs Private Limited
Revenue CAGR growth
1 year
▲ 16%
3 years · compounded
▲ 28%
5 years · compounded
▲ 32%
EBITDA CAGR growth
1 year
▲ 2%
3 years · compounded
▲ 125%
5 years · compounded
▲ 63%
Revenue has grown at a compounded annual rate (CAGR) of 32% over five years, including 16% growth in the latest year. EBITDA rose 2% 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 Myd Labs 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 | ₹32.07 Lakh | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹10.45 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 Myd Labs Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 18% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 5.9% | •••• | •••• | •••• | •••• |
| 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 Myd Labs are in the company report.
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Financial statements from FY 2016
Earlier years and trend charts are in the company report.
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Board of Directors of Myd Labs Private Limited
Myd Labs has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Mulpuri Vara Nagamani | Director | 10 Mar 2016 | 10 Years 7 Months | Current |
| Suneel Kumar Dasari | Director | 10 Mar 2016 | 10 Years 7 Months | Current |
Peer Comparison of Myd Labs Private Limited
Myd Labs Private Limited is compared with the companies closest to it by revenue in the Information Technology industry (Software 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 |
|---|---|---|---|---|---|---|
| Information and Telecom Systems (India) Private Limited | ₹1.79 Cr (FY 2019) | •••• | •••• | -47.0% | •••• | Pune, Maharashtra, India |
| Giga Soft Systems Private Limited | ₹1.79 Cr (FY 2025) | •••• | •••• | -21.0% | •••• | Gurgaon, Haryana, India |
| Electro Micro Technology Private Limited | ₹1.79 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Vadodara, Gujarat, India |
| Gammel Munk Private Limited | ₹1.79 Cr (FY 2022) | •••• | •••• | 46.0% | •••• | Delhi, India |
| Value for Sellers Private Limited | ₹1.79 Cr (FY 2025) | •••• | •••• | 4.0% | •••• | Chambaghat, Himachal Pradesh, India |
| Myd Labs Private Limited this company | ₹1.78 Cr (FY 2024) | •••• | •••• | 16.0% | •••• | Hyderabad, Telangana, India |
| Krshnavi Infotech Solutions Private Limited | ₹1.78 Cr (FY 2025) | •••• | •••• | 57.0% | •••• | Bodinayakanur, Tamil Nadu, India |
| Esquvi Technologies Private Limited | ₹1.78 Cr (FY 2025) | •••• | •••• | 8.0% | •••• | Delhi, India |
| Evq Technologies Private Limited | ₹1.78 Cr (FY 2025) | •••• | •••• | -17.0% | •••• | Gurugram, Haryana, India |
| Lamsy Softek Private Limited | ₹1.77 Cr (FY 2025) | •••• | •••• | •••• | Bangalore, Karnataka, India | |
| Cliqstudios Cabinets Technologies Private Limited | ₹1.77 Cr (FY 2025) | •••• | •••• | -15.0% | •••• | Ahmedabad, Gujarat, India |
Peers are the five companies nearest above and the five nearest below Myd Labs by revenue in the Information Technology industry (Software 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 Myd Labs Private Limited
Myd Labs Private Limited is audited by NSVR & Associates LLP for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| NSVR & Associates LLP | 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 Myd Labs Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Myd Labs Private Limited
Myd Labs Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Myd Labs Private Limited
Myd Labs Private Limited has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2020.
Total deals
2
Rights issue
1
Secondary share transfer
1
Deals on record (2 of 2)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2020 | Rights issue | ₹99 Lakh | Investors: 2 individuals |
| May 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
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Full deal history
All 2 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Myd Labs Private Limited
Employment history and EPFO contributions of people linked to Myd Labs.
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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 Myd Labs Private Limited
Myd Labs Private Limited has 4 board changes on record since 2016: 3 appointments and 1 cessation. The latest: Ravi Kumar Dasari ceased to be Director on 20 Jan 2025.
AGM
Myd Labs Private Limited last Annual general meeting of members was held on 29 Sep 2025 as per latest MCA records.
Filing
Myd Labs Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Hyderabad.
Ceased
Ravi Kumar Dasari ceased to be Director.
Appointed
Mulpuri Vara Nagamani was appointed as Director.
Appointed
Ravi Kumar Dasari was appointed as Director.
Appointed
Suneel Kumar Dasari was appointed as Director.
Incorporation
10 Mar 2016
Myd Labs Private Limited was registered on 10 Mar 2016 with Roc Hyderabad & aged 10 years 7 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Myd Labs Private Limited
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MSME Payment Delays by Myd Labs Private Limited
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Subsidiaries & Group Companies of Myd Labs Private Limited
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GST Compliance of Myd Labs Private Limited
Myd Labs has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 36AAKCM2472M1Z0 | Telangana | Active | 06 Jul 2017 |
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MCA Filings & Documents of Myd Labs Private Limited
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Related news about Myd Labs Private Limited
Frequently Asked Questions about Myd Labs Private Limited
Myd Labs is an active private limited company based in Hyderabad, Telangana, India. The company works in software development and support services, within the information technology industry. It was incorporated on 10 March 2016 (10+ years old) and is registered under CIN U72200TG2016PTC103759.
Myd Labs reported revenue of ₹1.78 Cr for FY 2024 (up 16% YoY).
Myd Labs has 2 current directors:
- Mulpuri Vara Nagamani - Director
- Suneel Kumar Dasari - Director
Myd Labs reported a net profit of ₹10.45 Lakh (net margin 5.9%) and EBITDA of ₹32.07 Lakh (EBITDA margin 18%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Myd Labs is 28% over three years and 32% over five years. In the latest year (FY 2024) revenue rose 16%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Myd Labs is 36AAKCM2472M1Z0, registered in Telangana.
The CIN (Corporate Identification Number) of Myd Labs is U72200TG2016PTC103759. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Myd Labs was incorporated on 10 March 2016, making it 10+ years old. It is registered with the Registrar of Companies, Hyderabad.
Myd Labs has 2 deals on record (1 rights issue, 1 secondary share transfer); the latest was in March 2020.
The peers of Myd Labs by revenue are Information and Telecom Systems (India) Private Limited, Giga Soft Systems Private Limited, Electro Micro Technology Private Limited, Gammel Munk Private Limited, Value for Sellers Private Limited and 5 more, all in the Information Technology industry (Software Services).
Ravi Kumar Dasari ceased to be Director on 20 Jan 2025. Mulpuri Vara Nagamani was appointed as Director on 10 Mar 2016. Ravi Kumar Dasari was appointed as Director on 10 Mar 2016. Myd Labs has 4 board changes on record in total.