About Lymbyc Solutions Private Limited
Data last updated:
Lymbyc Solutions Private Limited was a private limited company based in Mumbai, Maharashtra, India, operated as a subsidiary of Larsen & Toubro Infotech Limited. The company has been amalgamated - it was merged with another entity and no longer exists as a separate legal entity. It operated in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 09 August 2012.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U74900MH2012PTC340699. Its GSTIN is 29AAICM0856H1Z8 (Karnataka). The company held 2 GST registrations, all of them active.
The company had an authorised share capital of ₹1.5 Cr and a paid-up capital of ₹1.15 Cr. It was formerly known as Lymbyc Insights Private Limited and Lymbyc Intelligence Private Limited. It was led by directors including Vinit Ajit Teredesai and Nachiket Gopal Deshpande.
Its last annual general meeting (AGM) was held on 31 May 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Ground Floor Technology Tower I Gate No.5 Near Saki Vihar Road Powai, Mumbai, Maharashtra, India – 400072.
As per the financials filed for FY 2023, the company reported a revenue of ₹24.23 Lakh, reflecting significant growth compared to the previous year. For the same year it recorded a net loss of ₹1.2 Cr (net margin -494.2%) and EBITDA of ₹10.16 Lakh (EBITDA margin 41.9%). Revenue has declined at a compounded annual rate (CAGR) of 71% over three years and 57% over five years.
The company had about 43 employees on its provident fund (EPFO) records before it was dissolved.
The company was associated with 2 brands: MaFoi Analytics and lyMbyc. As per MCA filings, the company had satisfied charges of ₹2 Cr on record. The company has 11 deals on record (6 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹97.5 Lakh; the latest was in August 2019. The company has 3 MSME Form 1 returns on record between 2019 and 2020, listing 75 overdue payments to 28 micro and small suppliers.
The last known website on record is mafoianalytics.com.
Company details
Name history
Lymbyc Solutions has undergone 6 name changes throughout its history. The current legal name is Lymbyc Solutions Private Limited.
| Company Name | Status |
|---|---|
| Lymbyc Solutions Private Limited | Current |
| Lymbyc Insights Private Limited | Previous |
| Lymbyc Intelligence Private Limited | Previous |
| Lymbyc Systems Private Limited | Previous |
| Ma Foi Analytics And Business Services Private Limited | Previous |
| Lymbyc Technologies Private Limited | Previous |
CIN history
Lymbyc Solutions has one previous CIN (Corporate Identification Number): U74900TN2012PTC087141. The current CIN is U74900MH2012PTC340699, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U74900MH2012PTC340699 | Current |
| U74900TN2012PTC087141 | Previous |
Contact details
Lymbyc Solutions Private Limited's registered office is in Mumbai, Maharashtra. Its website is mafoianalytics.com. Its e-mail address and telephone number are in the company report.
- Email
- Telephone
- Website
- Social Media
- Registered AddressGround Floor Technology Tower I Gate No.5 Near Saki Vihar Road Powai, Mumbai, Maharashtra, India – 400072
- IndustryInformation Technology, IT Consulting & Support Services
To see the full contact details of Lymbyc Solutions Private Limited, buy the company report.
- 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
Brands
Lymbyc Solutions operates two associated brands: MaFoi Analytics and lyMbyc. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Delivers BPO solutions focused on analytics services. | mafoianalytics.com | |
| Predictive analytics are delivered for pharma and consumer technology sectors. | lymbyc.com |
Financials of Lymbyc Solutions Private Limited
FY 2023 filings availableLymbyc Solutions Private Limited reported revenue of ₹24.23 Lakh (up 478% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR)
Revenue rose 478% in the latest year, though over five years it has declined at a compounded annual rate (CAGR) of 57%. EBITDA rose 577% 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 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | |||||
| Other Income | |||||
| Total Revenue | ₹24.23 Lakh | ||||
| Cost of Materials Consumed | |||||
| Employee Benefit Expense | |||||
| Finance Costs | |||||
| Depreciation and Amortisation | |||||
| Other Expenses | |||||
| Total Expenses | |||||
| EBITDA | ₹10.16 Lakh | ||||
| Profit Before Tax | |||||
| Tax Expense | |||||
| Net Profit (PAT) | -₹1.2 Cr | ||||
| 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
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 41.9% | ||||
| Net Profit Margin | -494.2% | ||||
| 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 | |||||
To see the full financial statements and ratios of Lymbyc Solutions Private Limited, buy the company report.
Board of directors of Lymbyc Solutions Private Limited
Lymbyc Solutions has 3 current directors and 9 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Vinit Ajit Teredesai Also directs: Persistent Systems Limited | Director | 29 Dec 2022 | 3 Years 10 Months | As last reported |
| Nachiket Gopal Deshpande | Director | 29 Aug 2019 | 7 Years 2 Months | As last reported |
| Sanjukta Kulkarni Also directs: Ltimindtree Foundation | Director | 30 Dec 2022 | 3 Years 10 Months | As last reported |
Auditor
Lymbyc Solutions Private Limited is audited by A. John Moris & Co. for the financial year 2023.
| Auditor firm | Financial year | Firm registration number |
|---|---|---|
| A. John Moris & Co. | FY 2023 | 007220S |
Shareholding
The shareholding of Lymbyc Solutions Private Limited is on record for 5 financial years, the latest being FY 2023, split between promoters, domestic institutions, foreign institutions, public shareholders and others.
| Shareholder category | FY 2023 | FY 2022 | FY 2021 | FY 2020 | FY 2019 |
|---|---|---|---|---|---|
| Promoters | |||||
| Domestic institutional investors (DII) | |||||
| Foreign institutional investors (FII) | |||||
| Public | |||||
| Others |
To see the full shareholding pattern of Lymbyc Solutions Private Limited, buy the company report.
Charges & borrowings
| Date | Charge ID | Lender | Amount | Status | Modified or satisfied on |
|---|---|---|---|---|---|
| 10 Jul 2014 | 10511775 | Canara Bank | ₹2 Cr | Satisfied |
To see the full charge records of Lymbyc Solutions Private Limited, buy the company report.
Total charge records: 1 View all charges
Deals & funding
Lymbyc Solutions Private Limited has 11 deals on record (6 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹97.5 Lakh; the latest was in August 2019.
Deals on record (5 of 11)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Aug 2019 | Secondary share transfer | Undisclosed | Buyer: Larsen & Toubro Infotech Limited Seller: 4 individuals |
| Feb 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Ma Foi Strategic Consultants Private Limited , an individual |
| Jan 2016 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: Ma Foi Strategic Consultants Private Limited |
| Oct 2014 | Rights issue | ₹24.6 Lakh | Investors: Ma Foi Strategic Consultants Private Limited , 3 individuals |
| Jan 2013 | Funding round | ₹39 Lakh | Investors: Ma Foi Strategic Consultants Private Limited , 3 individuals |
To see the full deal history of Lymbyc Solutions Private Limited, buy the company report.
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 Lymbyc Solutions Private Limited are on our record; a case search with case numbers, parties and status is in the company report Buy the company report.
Credit ratings & regulatory alerts
Lymbyc Solutions Private Limited was last rated by Brickwork on 23 Jun 2017.
| Rating agency | Rated on | Rating |
|---|---|---|
| Brickwork | 23 Jun 2017 |
To see the full credit ratings and regulatory alerts of Lymbyc Solutions Private Limited, buy the company report.
MSME payment delays
Lymbyc Solutions Private Limited has 3 MSME Form 1 returns on record between 2019 and 2020, listing 75 overdue payments to 28 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 28)
| Supplier | Amount due | Due since | Reported on |
|---|---|---|---|
| an individual supplier | |||
| Doodleblue Innovations Private Limited | |||
| Google Asia Pacific Pte Ltd | |||
| Searce Cosourcing Service Private Limited | |||
| Sornammal Educational Trust |
To see the full MSME payment records of Lymbyc Solutions Private Limited, buy the company report.
Individuals and sole proprietors among the suppliers are not named.
Employees & EPFO
Lymbyc Solutions Private Limited has a workforce of 43 employees on its EPFO records as of Apr 08, 2024, across 1 active EPFO establishment.
GST
Lymbyc Solutions has 2 GST registrations: 2 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAICM0856H1Z8 | Karnataka | Active | 01 Jul 2017 |
| 33AAICM0856H1ZJ | Tamil Nadu | Active | 01 Jul 2017 |
To see the full GST registrations and return filing status of Lymbyc Solutions Private Limited, buy the company report.
Recent activity
Lymbyc Solutions Private Limited has 12 board changes on record since 2013: 3 appointments and 9 cessations. The latest: Sanjukta Kulkarni ceased to be Additional Director on 30 May 2023.
6 earlier events are in the company report.
Frequently asked questions
Lymbyc Solutions has been "Amalgamated" (merged) as per MCA records. The company was combined with another entity and no longer exists as a separate legal entity. Business activities, if any, continue under the successor entity.
Lymbyc Solutions was a private limited company based in Mumbai, Maharashtra, India. The company worked in IT consulting and support services, within the information technology industry. It was incorporated on 09 August 2012 and is registered under CIN U74900MH2012PTC340699. The company is recorded as amalgamated in MCA records and no longer exists as a legal entity.
Lymbyc Solutions was incorporated on 09 August 2012. It is registered with the Registrar of Companies, Mumbai.
Lymbyc Solutions had 3 directors:
- Vinit Ajit Teredesai - Director
- Nachiket Gopal Deshpande - Director
- Sanjukta Kulkarni - Director
The CIN (Corporate Identification Number) of Lymbyc Solutions is U74900MH2012PTC340699. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Lymbyc Solutions is at Ground Floor Technology Tower I Gate No.5 Near Saki Vihar Road Powai, Mumbai, Maharashtra, India – 400072.
Lymbyc Solutions can be reached through the website mafoianalytics.com. Its registered office is in Mumbai, Maharashtra, India.
The latest financial statements of Lymbyc Solutions on record with the MCA are for the year ended 31 March 2023. Its last annual general meeting was held on 31 May 2023. Year-wise statements from 2015 are in the company report.
The GSTIN of Lymbyc Solutions is 29AAICM0856H1Z8, registered in Karnataka. The company has 2 GST registrations in all, of which 2 are active. Other active GSTINs include 33AAICM0856H1ZJ (Tamil Nadu).
Lymbyc Solutions operated in the information technology industry, in the IT consulting and support services segment.
Lymbyc Solutions has 11 deals on record (6 secondary share transfers, 3 funding rounds, 2 rights issues), with disclosed funding of ₹97.5 Lakh; the latest was in August 2019.
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