About Lyra Network Private Limited
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Lyra Network Private Limited is a private limited company based in Mumbai, Maharashtra, India, a subsidiary of Lyra Network France. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 01 November 2007 and has been in existence for over 19 years.
The company is registered with the Registrar of Companies (ROC), Mumbai, under CIN U72900MH2007PTC175611. Its GSTIN is 27AABCL4084F1ZK (Maharashtra).
The company has an authorised share capital of ₹1 Cr and a paid-up capital of ₹31.11 Lakh. It is led by directors including Rajesh Desai Madhukar and Christophe Rene Francois Mariette.
Its last annual general meeting (AGM) was held on 30 September 2024, and its latest financial statements are for the year ended 31 March 2024. The registered office is at Mumbai, Maharashtra.
As per the financials filed for FY 2024, the company reported a revenue of ₹128.58 Cr, a decline of 32% compared to the previous year. For the same year it recorded a net profit of ₹54.05 Lakh (net margin 0.4%) and EBITDA of ₹3.04 Cr (EBITDA margin 2.4%). Revenue has grown at a compounded annual rate (CAGR) of 12% over three years and 22% over five years.
The company has about 116 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Lyra Network.
The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lyra.com.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered Address24 Techniplex – 1 Techniplex Complex Off. Veer Savarkar Flyover Goregaon (We, St), Mumbai, Maharashtra, India – 400062
- IndustryInformation Technology, IT Consulting & Support Services
- 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
- One PDF report, delivered after checkout
Associated Brands with Lyra Network Private Limited
Lyra Network operates one associated brand: Lyra Network. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| E-payment gateway solutions are offered for merchants and businesses. | lyra.com |
Competitors & Alternatives of Lyra Network Private Limited
Brands and companies operating in the same space as Lyra Network Private Limited include Stripe, PayU, Flutterwave and 5 more.
| Competitor | Description | Location | Founded |
|---|---|---|---|
 Stripe | Payment processing and card issuance solutions are provided for businesses. | San Francisco, United States | 2009 |
 PayU | Online payment processing and credit solutions are provided for businesses. | Amsterdam, Netherlands | 2002 |
 Flutterwave | Provider of payment processing solutions for businesses | San Francisco, United States | 2016 |
 Square | POS solutions are provided for retail businesses. | San Francisco, United States | 2009 |
 Mollie | Online payment solutions are provided for businesses via API. | Amsterdam, Netherlands | 2004 |
 HighRadius | Autonomous finance and payment solutions are provided to businesses. | Houston, United States | 2006 |
 ACI Worldwide | Digital payments are processed and managed via specialized solutions. | Omaha, United States | 1975 |
 CyberSource | Global e-commerce payment processing and security services are managed. | Foster City, United States | 1994 |
Business Activity of Lyra Network Private Limited
The main business activity of Lyra Network is information and communication. In detail, this covers other information & communication service activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J8 | Other information & communication service activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Auditor Details of Lyra Network Private Limited
Lyra Network Private Limited is audited by S B JAJOO AND CO for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| S B JAJOO AND CO | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Lyra Network Private Limited
Lyra Network has 4 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Rajesh Desai Madhukar | Director | 08 Feb 2008 | 18 Years 7 Months | Current |
| Christophe Rene Francois Mariette | Director | 14 Nov 2007 | 18 Years 10 Months | Current |
| Alain Roger Lacour | Director | 21 Nov 2007 | 18 Years 10 Months | Current |
| Manoj Ramchandra Varma Also directs: Grostrat Innovations LLP | Director | 30 Sep 2023 | 3 Years 0 Months | Current |
Financials of Lyra Network Private Limited FY 2024 filings available
Lyra Network Private Limited reported revenue of ₹128.58 Cr (down 32% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Lyra Network Private Limited
Revenue fell 32% in the latest year, but over five years it has grown at a compounded annual rate (CAGR) of 22%. EBITDA fell 88% 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 of Lyra Network Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | •••• | •••• | •••• | •••• | •••• |
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| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹3.04 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹54.05 Lakh | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
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| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
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Financial Ratios of Lyra Network Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 2.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 0.4% | •••• | •••• | •••• | •••• |
| 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 | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Lyra Network are in the company report.
Financial statements from 2015
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Ownership and Shareholding of Lyra Network Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Lyra Network Private Limited
Lyra Network Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Employees and EPFO Compliance at Lyra Network Private Limited
Lyra Network Private Limited has a workforce of 116 employees as of Apr 09, 2024.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
GST Compliance of Lyra Network Private Limited
Lyra Network has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCL4084F1ZK | Maharashtra | Active | 01 Jul 2017 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
Credit Ratings, Litigation & Regulatory Alerts for Lyra Network Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Lyra Network Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Lyra Network Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Lyra Network Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Recent Activity on Lyra Network Private Limited
Frequently Asked Questions about Lyra Network Private Limited
Lyra Network is an active private limited company based in Mumbai, Maharashtra, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 01 November 2007 (19+ years old) and is registered under CIN U72900MH2007PTC175611.
Lyra Network reported revenue of ₹128.58 Cr for FY 2024 (down 32% YoY).
Lyra Network has 4 current directors:
- Rajesh Desai Madhukar - Director
- Christophe Rene Francois Mariette - Director
- Alain Roger Lacour - Director
- Manoj Ramchandra Varma - Director
Lyra Network reported a net profit of ₹54.05 Lakh (net margin 0.4%) and EBITDA of ₹3.04 Cr (EBITDA margin 2.4%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Lyra Network is 12% over three years and 22% over five years. In the latest year (FY 2024) revenue fell 32%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Lyra Network is 27AABCL4084F1ZK, registered in Maharashtra.
The CIN (Corporate Identification Number) of Lyra Network is U72900MH2007PTC175611. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lyra Network was incorporated on 01 November 2007, making it 19+ years old. It is registered with the Registrar of Companies, Mumbai.
Lyra Network can be reached through the website lyra.com. Its registered office is in Mumbai, Maharashtra, India.