MyLoc

Bengaluru, India Founded: 2019 • Age: 7 yrs
Digital address creation and sharing services are provided by MyLoc.

About MyLoc

MyLoc is a Technology company based in Bengaluru (India) founded in 2019. Digital address creation and sharing services are provided by MyLoc. The company has 47 employees. MyLoc has completed 1 acquisition, including WIIT. Its Indian entity Nfaktor Solutions Private Limited reported revenue of β‚Ή7.88 Cr. MyLoc offers products and services including MyLoc Pin and User Registration Service. Its focus areas include Online Platforms, User Services, Digital Verification and Digital Services.

Company details

MyLoc is a platform that connects postal addresses to digital equivalents, where digital names are generated for various locations in a streamlined process. A MyLoc Pin is created and shared to simplify location identification, with user registration required to own these pins. Support is made available through FAQs, videos, and contact options, while terms and policies are agreed upon for data handling. This service is operated under nFaktor, focusing on efficient address management without promotional emphasis. Overall, digital address solutions are offered to enhance connectivity in everyday use.

Key Metrics
  • Annual Revenue
    ₹7.88 Cr

    FY 2024 · +12% YoY

  • Net Profit
    ₹53.9 Lakh

    FY 2024 · 7% margin

  • EBITDA
    ₹1.13 Cr

    FY 2024 · 14% margin

  • Employee Count
    47
  • Investments & Acquisitions

Products & Services of MyLoc

MyLoc offers a comprehensive portfolio of products and services, including MyLoc Pin and User Registration Service.

MyLoc Pin
Digital Services

Digital pins are created for addresses to facilitate sharing and connection of postal locations

User Registration Service
Account Management

Accounts are registered to enable ownership of digital locations and pins

Apps and channels of MyLoc

MyLoc publishes 2 mobile apps with over 100K+ downloads.

MyLoc - Name your Location
Google Play Maps & Navigation Everyone Free
Developer: nFaktor Solutions
View on Google Play
MyLoc - Name your Location
App Store Navigation 4+
Developer: nFaktor Solutions
View on App Store

Board of directors of Nfaktor Solutions Private Limited (MyLoc)

Nfaktor Solutions Private Limited is the primary company behind MyLoc. The board of Nfaktor Solutions Private Limited currently have 3 directors; the longest-serving is Someshwar Sinha, appointed in 2012. 1 earlier director has ceased.

DirectorDesignationAppointedTenureEntity
Someshwar Sinha
DIN 05263320
Director28 Jun 201214 yrs 4 moNfaktor Solutions Private Limited
Kajal Sinha
DIN 05263277
Director28 Jun 201214 yrs 4 moNfaktor Solutions Private Limited
Niladri Sinha
DIN 05263317
Director26 Aug 201412 yrs 2 moNfaktor Solutions Private Limited

Financials of MyLoc

Figures of Nfaktor Solutions Private Limited, the primary company behind MyLoc, for FY 2024. Revenue was ₹7.88 Cr (+12% year on year). Net profit was ₹53.9 Lakh (7% margin). EBITDA was ₹1.13 Cr (14% margin). Revenue has grown at a compounded annual rate of +26% over three years and +16% over five years.

  • ₹7.88 CrRevenue · FY 2024 · +12% YoY
  • ₹53.9 LakhNet profit · 7% margin
  • ₹1.13 CrEBITDA · 14% margin
  • ₹1 LakhPaid-up capital
  • 47Employees (provident fund records)
  • +26%Revenue CAGR, 3 years
  • +16%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Nfaktor Solutions Private Limited are on its company page.

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Detailed financial statements for MyLoc

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Investments & Acquisitions by MyLoc

MyLoc has strategically engaged in corporate development activities, having acquired 1 company. Notable acquisitions include WIIT.

Acquisitions
Company NameDescriptionDomainLocationFoundedAcquiredAmount
Infrastructure as a service is provided to enterprises for applications.
global.deMunich, Germany1996Jan 2023β€’β€’β€’β€’
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Timeline of MyLoc

2 dated milestones of MyLoc across 4 years, from founding to its latest funding, stage changes and deals.

  1. Founded MyLoc is founded.
  2. Acquisition Acquires WIIT.

Web traffic of MyLoc

The website of MyLoc (myloc.in) receives about 2.9K visits a month.

  • Monthly visits
    2.9K

    ▼ 23.6% vs previous month

Top companies in Digital Identity & Transaction Management

2 companies that operate in the same segment as MyLoc (Digital Identity & Transaction Management) in India, ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
AI-powered software for contract drafting and management is provided.
2017IndiaUSD 112.95 MUSD 2.43 M162
Provider of digital signature certificates, PKI, and e-signature solutions
2008Bengaluru, Karnataka, IndiaUSD 26.23 MUSD 76.01 M604
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Related news about Myloc

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Frequently Asked Questions about MyLoc

MyLoc was founded in 2019.

MyLoc is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

MyLoc has 47 employees.

The primary company behind MyLoc, Nfaktor Solutions Private Limited, reported revenue of β‚Ή7.88 Cr for FY 2024, up 12% year on year.

MyLoc is a platform that connects postal addresses to digital equivalents, where digital names are generated for various locations in a streamlined process. A MyLoc Pin is created and shared to simplify location identification, with user registration required to own these pins. Support is made available through FAQs, videos, and contact options, while terms and policies are agreed upon for data handling. This service is operated under nFaktor, focusing on efficient address management without promotional emphasis. Overall, digital address solutions are offered to enhance connectivity in everyday use.

MyLoc offers MyLoc Pin and User Registration Service.

MyLoc has made 1 acquisition, including WIIT.

MyLoc operates through Nfaktor Solutions Private Limited.

The legal entities of MyLoc currently have 3 directors, including Niladri Sinha, Someshwar Sinha, Kajal Sinha.

Yes. MyLoc publishes MyLoc - Name your Location and 1 more app, with over 100,000 downloads.

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