MSME (Udyam registered) Ministry of MSME
- Category
- Small (2024-25)
- Udyam number
- UDYAM-MH-26-0010594
Cyronics Innovation Labs Limited - information technology in Pune, Maharashtra, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹11.42 Cr
▲ 29% YoY
Net profit · FY 2024
₹1.51 Cr
Net margin 13.2%
EBITDA · FY 2024
₹3.85 Cr
EBITDA margin 33.7%
Authorised capital
₹5 Cr
Registered with MCA
Paid-up capital
₹37.97 Lakh
Issued & subscribed
Open charges
₹26.58 Cr
Satisfied ₹1.5 Cr
Company age
6 yrs
Est. 2020
Employees · EPFO
36
Provident fund records
About Cyronics Innovation Labs Limited
Data last updated:
Cyronics Innovation Labs Limited is a public limited company based in Pune, Maharashtra, India. It operates in the application development and software solutions segment of the technology and IT services sector. It was incorporated on 25 August 2020 and has been in existence for over 6 years.
The company is registered with the Registrar of Companies (ROC), Pune, under CIN U72200PN2020PLC193318. Its GSTIN is 27AAICC9159K1Z1 (Maharashtra).
The company has an authorised share capital of ₹5 Cr and a paid-up capital of ₹37.97 Lakh. It was formerly known as Cyronics Innovation Labs (Opc) Private Limited. It is led by directors including Siddharth Nitin Bhonge (Managing Director) and Nitin Madhav Bhonge.
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 Unit # 11 Electronics Estate Pune Satara Road, Maharashtra, India – 411009.
As per the financials filed for FY 2024, the company reported a revenue of ₹11.42 Cr, a growth of 29% compared to the previous year. For the same year it recorded a net profit of ₹1.51 Cr (net margin 13.2%) and EBITDA of ₹3.85 Cr (EBITDA margin 33.7%). Revenue has grown at a compounded annual rate (CAGR) of 76% over three years.
The company has about 36 employees on its provident fund (EPFO) records.
As per MCA filings, the company has open charges of ₹26.58 Cr and satisfied charges of ₹1.5 Cr on record. The company has 4 deals on record (1 rights issue, 1 funding round, 1 acquisition), with disclosed funding of ₹28.1 Lakh; the latest was in February 2025. Its 10 peer companies in the same principal business activity (computer programming, consultancy and related activities) are compared by revenue, 5 larger and 5 smaller; the largest is Flyfin Software India Private Limited with revenue of ₹11.44 Cr. The company has 3 MSME Form 1 returns on record between 2022 and 2024, listing 19 overdue payments to 9 micro and small suppliers.
Cyronics Innovation Labs Limited is registered as a small enterprise under the Udyam registration framework (Reg. No. UDYAM-MH-26-0010594). For more details, the company can be reached via its website quasar-cil.com.
Company details
CIN U72200PN2020PLC193318
Registration Number 193318
Incorporation Date 25 August 2020
ROC Pune
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
MSME Classification Small
Udyam Registration UDYAM-MH-26-0010594
Name history
Cyronics Innovation Labs has undergone 2 name changes throughout its history. The company was previously known as Cyronics Innovation Labs (Opc) Private Limited, and Cyronics Innovation Labs Limited. The current legal name is Cyronics Innovation Labs Limited.
| Company Name | Status |
|---|---|
| Cyronics Innovation Labs Limited | Current |
| Cyronics Innovation Labs (Opc) Private Limited | Previous |
CIN history
Cyronics Innovation Labs has 2 previous CINs, indicating changes in the company's corporate structure or registration details. The current CIN is U72200PN2020PLC193318, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U72200PN2020PLC193318 | Current |
| U72200PN2020OPC193318 | Previous |
| U72200PN2020PTC193318 | Previous |
Key People
Siddharth Nitin Bhonge Managing Director Nitin Madhav Bhonge Director Manjiri Nitin Bhonge Director Recognitions & Rankings of Cyronics Innovation Labs
Contact details
Cyronics Innovation Labs Limited's registered office is in Pune, Maharashtra.
- Registered AddressUnit # 11 Electronics Estate Pune Satara Road, Maharashtra, India – 411009
- IndustryInformation Technology, Application Development & Software Solutions, IT Consulting & Support Services
Comprehensive company report
Cyronics Innovation Labs Limited - one report that includes everything
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
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Business activity
The main business activity of Cyronics Innovation Labs is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main activity group code | Main activity | Business activity code | Business activity | Share of turnover |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities |
To see the full business activity and turnover split of Cyronics Innovation Labs Limited, buy the company report.
Financials of Cyronics Innovation Labs Limited
FY 2025 filings availableCyronics Innovation Labs Limited reported revenue of ₹11.42 Cr (up 29% YoY) for FY 2024.
Revenue · FY 2024
₹11.42 Cr ▲ 29%
Net profit · FY 2024
₹1.51 Cr margin 13.2%
EBITDA · FY 2024
₹3.85 Cr margin 33.7%
Compounded Annual Growth Rate (CAGR)
Revenue CAGR growth
1 year
▲ 29%
3 years · compounded
▲ 76%
EBITDA CAGR growth
1 year
▲ 10%
3 years · compounded
▲ 74%
Revenue has grown at a compounded annual rate (CAGR) of 76% over three years, including 29% growth in the latest year. EBITDA rose 10% 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
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
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| Depreciation and Amortisation | ||||
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| Total Expenses | ||||
| EBITDA | ₹3.85 Cr | |||
| Profit Before Tax | ||||
| Tax Expense | ||||
| Net Profit (PAT) | ₹1.51 Cr | |||
| Balance Sheet | ||||
| Share Capital | ||||
| Reserves and Surplus | ||||
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Financial Ratios
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | 33.7% | |||
| Net Profit Margin | 13.2% | |||
| Return on Equity (ROE) | ||||
| Return on Capital Employed (ROCE) | ||||
| Return on Assets (ROA) | ||||
| Liquidity and Debt | ||||
| Current Ratio | ||||
| Quick Ratio | ||||
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To see the full financial statements and ratios of Cyronics Innovation Labs Limited, buy the company report.
Board of directors of Cyronics Innovation Labs Limited
Cyronics Innovation Labs has 3 current directors and 4 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nitin Madhav Bhonge Also directs: Cyronics Instruments Private Limited | Director | 29 Aug 2025 | 1 Years 2 Months | Current |
| Manjiri Nitin Bhonge Also directs: Cyronics Instruments Private Limited | Director | 29 Aug 2025 | 1 Years 2 Months | Current |
| Siddharth Nitin Bhonge | Managing Director | 25 Aug 2020 | 6 Years 2 Months | Current |
Peer comparison
Cyronics Innovation Labs Limited is compared with the 10 companies closest to it by revenue in the same principal business activity (computer programming, consultancy and related activities), from the latest filed financials of each company.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Flyfin Software India Private Limited | ₹11.44 Cr (FY 2024) | 3.0% | Bangalore, Karnataka, India | |||
| Igo Solutions Private Limited | ₹11.43 Cr (FY 2025) | 12.0% | Chennai, Tamil Nadu, India | |||
| Et Marlabs Private Limited | ₹11.43 Cr (FY 2023) | -4.0% | Bengaluru, Karnataka, India | |||
| Berg Technologies Private Limited | ₹11.43 Cr (FY 2025) | 335.0% | Dehradun, Uttarakhand, India | |||
| Thinkvibes Software Private Limited | ₹11.43 Cr (FY 2025) | 218.0% | Jaipur, Rajasthan, India | |||
| Cyronics Innovation Labs Limitedthis company | ₹11.42 Cr (FY 2024) | ₹1.51 Cr | 13.2% | 29.0% | Pune, Maharashtra, India | |
| Safehouse Technologies Private Limited | ₹11.42 Cr (FY 2025) | -58.0% | New Delhi, Delhi, India | |||
| E- Mission Exhibitzz Private Limited | ₹11.41 Cr (FY 2024) | 15.0% | Ahmedabad, Gujarat, India | |||
| Rajnap Technosoft Private Limited | ₹11.4 Cr (FY 2025) | -14.0% | Vadodara, Gujarat, India | |||
| Treknocom Engineering Private Limited | ₹11.39 Cr (FY 2024) | 3.0% | Pune, Maharashtra, India | |||
| Gim Info Solutions Private Limited | ₹11.39 Cr (FY 2025) | 93.0% | Raipur, Chhattisgarh, India |
To see the full peer comparison of Cyronics Innovation Labs Limited, buy the company report.
Charges & borrowings
Open charges
₹26.58 Cr
Satisfied charges
₹1.5 Cr
Breakdown by lending institutions
Latest charge details
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 31 Jan 2025 | 101071988 | Sidbi | ₹10 Cr | Open | |
| 25 Sep 2020 | 100380494 | Others | ₹16.58 Cr | Open | |
| 26 Dec 2024 | 101033740 | Others | ₹1.5 Cr | Satisfied |
To see the full charge records of Cyronics Innovation Labs Limited, buy the company report.
Total charge records: 3 View all charges
Deals & funding
Cyronics Innovation Labs Limited has 4 deals on record (1 rights issue, 1 funding round, 1 acquisition), with disclosed funding of ₹28.1 Lakh; the latest was in February 2025.
Total deals
4
Rights issue
1
Funding round
1
Acquisition
1
Secondary share transfer
1
Disclosed funding
₹28.1 Lakh
Deals on record (4 of 4)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2025 | Secondary share transfer | Undisclosed | Seller: Maharashtra Defence and Aerospace Venture Fund |
| Jul 2022 | Acquisition | ₹4.65 Cr | Buyer: Maharashtra Defence and Aerospace Venture Fund |
| Mar 2022 | Rights issue | ₹1.02 Cr | Investors: 4 individuals |
| Jan 2022 | Funding round | ₹28.1 Lakh | Investors: an individual |
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Legal cases
No court or tribunal cases involving Cyronics Innovation Labs Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
MSME payment delays
Cyronics Innovation Labs Limited has 3 MSME Form 1 returns on record between 2022 and 2024, listing 19 overdue payments to 9 micro and small suppliers. Companies must report dues to micro and small suppliers that stay unpaid for more than 45 days in a half-yearly MSME Form 1 return.
Suppliers with reported dues (5 of 9)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| Aegis Protection Private Limited | |||
| Dynalog India Limited | |||
| an individual supplier | |||
| an individual supplier | |||
| Sapphire Graphics |
To see the full MSME payment records of Cyronics Innovation Labs Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
GST
Cyronics Innovation Labs has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AAICC9159K1Z1 | Maharashtra | Active | 23 Sep 2020 |
To see the full GST registrations and return filing status of Cyronics Innovation Labs Limited, buy the company report.
Recent activity
Cyronics Innovation Labs Limited has 7 board changes on record since 2020: 3 appointments and 4 cessations. The latest: Priti Sachin Bakshi ceased to be Additional Director on 30 Aug 2025.
AGM
Cyronics Innovation Labs Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Ceased
Priti Sachin Bakshi ceased to be Additional Director.
Appointed
Manjiri Nitin Bhonge was appointed as Director.
Ceased
Manjiri Nitin Bhonge ceased to be Additional Director.
Appointed
Nitin Madhav Bhonge was appointed as Director.
Charges
A charge registered on 26 Dec 2024 via Charge ID 101033740 with Others was fully satisfied on 20 Aug 2025.
Filing
Cyronics Innovation Labs Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Pune.
Charges
A charge with Sidbi amounted to Rs. 10.00 Cr with Charge ID 101071988 was registered on 31 Jan 2025.
Charges
A charge with Others amounted to Rs. 1.50 Cr with Charge ID 101033740 was registered on 26 Dec 2024.
Charges
A charge with Others of Rs. 16.58 Cr registered on 25 Sep 2020 with Charge ID 100380494 was modified on 03 Jun 2024.
Ceased
Siddharth Nitin Bhonge ceased to be Director.
Ceased
Nitin Madhav Bhonge ceased to be Additional Director.
3 earlier events are in the company report.
Frequently asked questions
Cyronics Innovation Labs is an active public limited company based in Pune, Maharashtra, India. The company works in application development and software solutions, within the information technology industry. It was incorporated on 25 August 2020 (6+ years old) and is registered under CIN U72200PN2020PLC193318.
Cyronics Innovation Labs has 3 current directors:
- Siddharth Nitin Bhonge - Managing Director
- Nitin Madhav Bhonge - Director
- Manjiri Nitin Bhonge - Director
The latest financial statements of Cyronics Innovation Labs on record with the MCA are for the year ended 31 March 2025. Its last annual general meeting was held on 30 September 2025. Year-wise statements from FY 2021 are in the company report.
The GSTIN of Cyronics Innovation Labs is 27AAICC9159K1Z1, registered in Maharashtra.
The CIN (Corporate Identification Number) of Cyronics Innovation Labs is U72200PN2020PLC193318. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Cyronics Innovation Labs was incorporated on 25 August 2020, making it 6+ years old. It is registered with the Registrar of Companies, Pune.
Cyronics Innovation Labs has 4 deals on record (1 rights issue, 1 funding round, 1 acquisition), with disclosed funding of ₹28.1 Lakh; the latest was in February 2025.
The peers of Cyronics Innovation Labs by revenue are Flyfin Software India Private Limited, Igo Solutions Private Limited, Et Marlabs Private Limited, Berg Technologies Private Limited, Thinkvibes Software Private Limited and 5 more, all in the same principal business activity (computer programming, consultancy and related activities).
Priti Sachin Bakshi ceased to be Additional Director on 30 Aug 2025. Manjiri Nitin Bhonge was appointed as Director on 29 Aug 2025. Manjiri Nitin Bhonge ceased to be Additional Director on 29 Aug 2025. Cyronics Innovation Labs has 7 board changes on record in total.
Yes, Cyronics Innovation Labs is registered as a small enterprise under Udyam registration (number: UDYAM-MH-26-0010594).
Cyronics Innovation Labs has 3 MSME Form 1 returns on record between 2022 and 2024, listing 19 overdue payments to 9 micro and small suppliers. The latest return was filed on 30 Apr 2024.
Cyronics Innovation Labs can be reached through the website quasar-cil.com. Its registered office is in Pune, Maharashtra, India.
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