About MYD Labs
MYD Labs is a Technology company based in Hyderabad (India). It provides online platforms for tax filing, accounting, and compliance for individuals and businesses. It operates on a SaaS and B2B model in Technology and Financial Services sectors. Its Indian entity Myd Labs Private Limited reported revenue of ₹1.78 Cr. MYD Labs offers products and services including EZTax.in, EZGST.in, and EZTDS.in. Its focus areas include FinTech, Tax Tech, Accounting and GST Services. Similar companies include UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture and 4 more; 3 of its 9 listed similar companies have raised funding.
Company details
MYD Labs Private Limited develops high-quality, cloud-based tax technology products and services, focusing on FinTech solutions. They offer platforms like EZTax.in for income tax filing, EZGST.in for GST accounting, and EZTDS.in for TDS preparation, integrating with government systems for efficient compliance. Based in Hyderabad, India, they serve individuals, SMEs, and professionals with secure, user-friendly tools that include AI features for streamlined processes and real-time analytics.
- Headquarters Hyderabad, India
- SectorsTechnologyFinancial Services
- Email••••••••
- Website mydlabs.com
- Legal Name Myd Labs Pvt Ltd
- Date of Incorporation 10 Mar, 2016
- Jurisdiction Hyderabad, Telangana, India
- Annual Revenue₹1.78 Cr
FY 2024 · +16% YoY
- Net Profit₹10.5 Lakh
FY 2024 · 6% margin
- EBITDA₹32.1 Lakh
FY 2024 · 18% margin
Associated legal entities of MYD Labs
MYD Labs operates through Myd Labs Private Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Myd Labs Private Limited CIN U72200TG2016PTC103759 | Active | 10 Mar 2016 | Hyderabad, Telangana | ₹1.8 Cr | – | 2 | View details |
Products & Services of MYD Labs
MYD Labs offers a comprehensive portfolio of products and services, including EZTax.in, EZGST.in, and EZTDS.in.
Online platform for income tax return filing and expert assistance.
Tool for GST filing, billing, inventory, and returns management.
Software for TDS return preparation and error handling.
Board of directors of Myd Labs Private Limited (MYD Labs)
Myd Labs Private Limited is the primary company behind MYD Labs. The board of Myd Labs Private Limited currently have 2 directors; the longest-serving is Mulpuri Vara Nagamani, appointed in 2016. 2 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Mulpuri Vara Nagamani DIN 07396091 | Director | 10 Mar 2016 | 10 yrs 7 mo | Myd Labs Private Limited |
| Suneel Kumar Dasari DIN 07396102 | Director | 10 Mar 2016 | 10 yrs 7 mo | Myd Labs Private Limited |
Financials of MYD Labs
Figures of Myd Labs Private Limited, the primary company behind MYD Labs, for FY 2024. Revenue was ₹1.78 Cr (+16% year on year). Net profit was ₹10.5 Lakh (6% margin). EBITDA was ₹32.1 Lakh (18% margin). Revenue has grown at a compounded annual rate of +28% over three years and +32% over five years.
- ₹1.78 CrRevenue · FY 2024 · +16% YoY
- ₹10.5 LakhNet profit · 6% margin
- ₹32.1 LakhEBITDA · 18% margin
- ₹1.00 CrPaid-up capital
- +28%Revenue CAGR, 3 years
- +32%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Myd Labs Private Limited are on its company page.
Detailed financial statements for MYD Labs
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Similar companies to MYD Labs
MYD Labs has 9 listed similar companies in our database, 3 of them funded. They include UST, Genpact, 1&1 IONOS, Happiest Minds and Accenture, among others.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| ust.com.tw | 1998 | Taiwan | – | – | High-quality office furniture is provided by UST for various needs. | |
| genpact.com | 1997 | New York, United States | – | 129,140 | Provider of end-to-end business process outsourcing services | |
| ionos.com | 1988 | Chesterbrook, United States | – | 134 | Cloud infrastructure and hosting services are provided by 1&1 IONOS. | |
| happiestminds.com | 2011 | Bengaluru, India | $64.83M | 4,517 | IT outsourcing services are delivered across multiple business lines. | |
| accenture.com | 1989 | Dublin, Ireland | – | 29 | IT and management consultancy services are provided globally. | |
| nttdata.com | 1967 | Koto, Japan | – | 4 | Application development, cloud, cybersecurity, and business intelligence services are provided. | |
| mavenir.com | 2005 | Richardson, United States | $105.36M | 363 | Multi-access edge networking computing platform is provided for mobile services. | |
| datamatics.com | 1975 | Mumbai, India | $3M | 5,875 | Cloud-based text analytics and cognitive automation services are provided. | |
| endava.com | 2000 | London, United Kingdom | – | 12,063 | Endava is engaged in digital transformation and AI-driven solutions. |
Detailed similar companies of MYD Labs
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Top companies in Finance & Accounting Applications
10 companies that operate in the same segment as MYD Labs (Finance & Accounting Applications), ranked by their profile score on The Company Check.
| Company | Description | Founded | Location | Total funding | Revenue | Employees |
|---|---|---|---|---|---|---|
Cloud-based accounts payable and receivable software for businesses | 2006 | Palo Alto, California, United States | USD 325.6 M | USD 1.65 B | 3,108 | |
Corporate travel and expense management are facilitated through SaaS platform. | 2015 | Palo Alto, California, United States | USD 1.58 B | USD 3.52 M | 847 | |
Financial and accounting software is developed for businesses and individuals. | 1983 | Mountain View, California, United States | USD 49.62 M | USD 21.45 B | 18,200 | |
Spend management and accounts payable solutions are delivered to businesses. | 2019 | New York, New York, United States | USD 5.07 B | – | 6,209 | |
Business spends, payments, and rewards are streamlined by automated workflows. | 2011 | Hyderabad, Telangana, India | USD 13.75 M | USD 149.43 M | 431 | |
SaaS-driven credit card and spend management solutions platform for businesses | 2017 | Draper, Utah, United States | USD 1.2 B | – | 5,356 | |
Subscription-based online banking is offered to SMEs and freelancers. | 2017 | Paris, Ile de France, France | USD 717.15 M | USD 171.7 M | 2,457 | |
Cloud-based ERP software is provided for business management across segments. | 1996 | Oslo, Oslo, Norway | USD 198.09 M | – | – | |
Payflow is recognized as a financial wellness application for employees. | 2020 | Alcobendas, Comunidad De Madrid, Spain | USD 58.23 M | – | – | |
Cloud-based HR and payroll solutions are offered for small businesses. | 2012 | San Francisco, California, United States | USD 718.35 M | – | 8,159 |
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Related news about Myd Labs
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Frequently Asked Questions about MYD Labs
MYD Labs is headquartered in Hyderabad, India. It is registered at Hyderabad, Telangana, India.
The primary company behind MYD Labs, Myd Labs Private Limited, reported revenue of ₹1.78 Cr for FY 2024, up 16% year on year.
MYD Labs Private Limited develops high-quality, cloud-based tax technology products and services, focusing on FinTech solutions. They offer platforms like EZTax.in for income tax filing, EZGST.in for GST accounting, and EZTDS.in for TDS preparation, integrating with government systems for efficient compliance. Based in Hyderabad, India, they serve individuals, SMEs, and professionals with secure, user-friendly tools that include AI features for streamlined processes and real-time analytics.
MYD Labs's top competitors include Happiest Minds, Mavenir and 1&1 IONOS.
MYD Labs offers EZTax.in, EZGST.in, and EZTDS.in.
MYD Labs operates through Myd Labs Private Limited.
The legal entities of MYD Labs currently have 2 directors, including Mulpuri Vara Nagamani, Suneel Kumar Dasari.