About MAI
MAI is a Professional & Legal Services company based in Cayman Islands founded in 2021 by Gagan Singhal and Tapan Sangal. MAI is engaged in creating virtual realities and metaverse experiences. It operates on a SaaS (Software-as-a-Service) and Product-as-a-Service model in Professional & Legal Services, Media & Entertainment, and Technology sectors. The company has 137 employees. Its Indian entity Mai Labs Private Limited reported revenue of ₹21.30 Cr. MAI offers products and services including MayaaVerse, MyIPR, STOEX, and niftiQ. Its focus areas include Virtual Reality and Metaverse Solutions.
Company details
MAI is focused on developing transformative technologies for virtual reality and metaverse experiences. The company is involved in bridging the gap between ideas and actionable tech solutions, enhancing global connectivity, creativity, and accessibility. Solutions such as MayaaVerse, MyIPR, STOEX, and niftiQ are provided to empower creators and operators in various sectors. The technology sector, particularly virtual reality and digital innovation, is primarily targeted by MAIs offerings.
- Headquarters Cayman Islands
- Employees 137
- Founders Gagan Singhal, Tapan Sangal
- SectorsProfessional & Legal ServicesMedia & Entertainment Technology
- Email••••••••
- Phone•••• ••••
- Website mai.io
- Social LinkedIn X Facebook Instagram
- Legal Name Mai Labs Pvt. Ltd.
- Date of Incorporation 12 May, 2022
- Jurisdiction Delhi, India
- Indian entity revenue₹21.30 Cr
FY 2025 · +5884% YoY
- Indian entity net loss-₹12.71 Cr
FY 2025 · -60% margin
- Indian entity EBITDA-₹11.41 Cr
FY 2025 · -54% margin
- Employee Count137
Associated legal entities of MAI
MAI operates through Mai Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2025) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Mai Labs Private Limited CIN U72200DL2022PTC398286 | Active | 12 May 2022 | Delhi, Delhi | ₹21.3 Cr | 137 | 2 | View details |
Products & Services of MAI
MAI offers a comprehensive portfolio of products and services, including MayaaVerse, MyIPR, STOEX, and niftiQ.
Virtual reality platform is developed for immersive experiences.
DLT-based certification is provided for creators' security.
Cutting-edge innovation platform is offered for operators.
Technology solution is created for empowering creators globally.
Board of directors of Mai Labs Private Limited (MAI)
Mai Labs Private Limited is the primary company behind MAI. The board of Mai Labs Private Limited currently have 2 directors; the longest-serving is Gagan Singhal, appointed in 2022. 1 earlier director has ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Gagan Singhal DIN 08432483 | Director | 12 May 2022 | 4 yrs 5 mo | Mai Labs Private Limited |
| Anand Singh DIN 11486043 | Additional Director | 16 Jan 2026 | 9 mo | Mai Labs Private Limited |
People of MAI
9 people are tracked at MAI (6 in leadership, 3 in team); the tracked headcount is 137.
| Name | Role | Group |
|---|---|---|
| Co-Founder | Leadership | |
| Co-Founder | Leadership | |
Naveen Sachdeva | Chief Business Officer | Leadership |
Shobhit Agarwal | Head Of Business Development And Partnerships | Leadership |
Mrityunjaya P. | Chief Technology Officer | Leadership |
Rakesh Patra | Head Of Cyber Security | Leadership |
Rohan Srivastava | Full Stack Blockchain Developer | Team |
Prakash Dokka | Full Stack Developer | Team |
Satheesh Srinivasan | Blockchain Developer | Team |
Complete people profiles for MAI
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
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Financials of MAI
Figures of Mai Labs Private Limited, the primary company behind MAI, for FY 2025. Revenue was ₹21.30 Cr (+5884% year on year). Net loss was -₹12.71 Cr (-60% margin). EBITDA was -₹11.41 Cr (-54% margin).
- ₹21.30 CrRevenue · FY 2025 · +5884% YoY
- -₹12.71 CrNet loss · -60% margin
- -₹11.41 CrEBITDA · -54% margin
- ₹14.7 LakhPaid-up capital
- 137Employees (provident fund records)
Balance sheet, profit and loss, cash flow and ratios of Mai Labs Private Limited are on its company page.
Detailed financial statements for MAI
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
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Web traffic of MAI
The website of MAI (mai.io) receives about 2K visits a month.
- Monthly visits2K
▼ 18.8% vs previous month
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Frequently Asked Questions about MAI
MAI was founded in 2021.
MAI is headquartered in Cayman Islands.
MAI has 137 employees.
The primary company behind MAI, Mai Labs Private Limited, reported revenue of ₹21.30 Cr for FY 2025, up 5884% year on year.
MAI is focused on developing transformative technologies for virtual reality and metaverse experiences. The company is involved in bridging the gap between ideas and actionable tech solutions, enhancing global connectivity, creativity, and accessibility. Solutions such as MayaaVerse, MyIPR, STOEX, and niftiQ are provided to empower creators and operators in various sectors. The technology sector, particularly virtual reality and digital innovation, is primarily targeted by MAIs offerings.
MAI offers MayaaVerse, MyIPR, STOEX, and niftiQ.
MAI operates through Mai Labs Private Limited.
The legal entities of MAI currently have 2 directors, including Gagan Singhal, Anand Singh.