Proyuga Advanced Technologies Founded in 2017, is a Hyderabad based start-up that works in the new and interesting field of Virtual (VR), Augmented (AR), and Mixed Reality (MR).
Proyuga was founded by Vasanth Sai, an alumnus of IIIT Hyderabad, and Trivikram Red, from IIT Delhi.
ProYuga has launched its first VR product in the category of Cricket, the most sought game in India, i.e. iB Cricket, a new format of cricket, which gives the feeling as if one is playing the game in front of Eden garden crowd, or Wankhede stadium, etc. To get the feel of the same, one has to wear the VR Headset and swing “iB cricket” bat to hit the 4s or 6s, and a virtual audience will cheer for you. As per founders, they have used most advanced technologies like VR, IoT, Blockchain, and artificial intelligence to build the custom-made bat.
It is a v-Sport that provides the world’s most immersive VR cricket experience. With iB Cricket, one can play cricket in international stadiums, compete globally, build their iB Cricket career, and much more, right from their home or iB Cricket Arcades.
Last year in 2019, they did an “iB” Cricket Super Over league where top prominent international players have participated and enjoyed the VR cricket.
ProYuga raised 84 crores from iB Hubs network, a PAN-India start-up hub that provided an ecosystem for start-ups to grow and flourish. IB Hubs has provided ProYuga a team with complementary skills, a workspace, capital, expert guidance, and mentoring towards marketing and sales support.
Business Model of Proyuga Advanced Technologies Limited
Proyuga Advanced Technologies Limited plans to monetise its virtual reality cricket gaming product, iB Cricket, by opening gaming arcades in tier-1 cities through franchisee model.The company has made partnerships in metro cities of Mumbai, Bangalore, Chennai, Hyderabad, NCR region to deliver augmented reality/virtual reality gaming experience to users.
The company is also working with companies like Xiaomi, DIAGEO, Delta Corp Ltd, Majestic Pride, to sell its technology know-how in delivering experiential marketing experience to their customers.
The company also sells its tech related services to third-party companies to develop their own products.
Registered Address
The registered office of the company is located at Lodha Supremus Powai, Saki Vihar Road, Powai, Mumbai, Maharashtra.
Website : www.proyuga.tech
| Symbol: | Proyuga Advanced Technologies Ltd |
|---|---|
| Face Value (₹): | 1 |
| ISIN: | INE495Y01014 |
| Demat Status: | NSDL |
| Lot Size: | 500 |
Board of Directors :
| Name | Designation |
|---|---|
| Mr. Vasantha Sai Sama | Whole-Time Director |
| Mr. Sai Sasank S Ganesh Parimi | Chief Executive Officer |
| Mr. Karumuru Gowtham Reddy | Chief Financial Officer |
| Mr. Jaya Kiran Reddy Ambavarapu | Independent Director |
| Mr. Venugopal Rao Kancherla | Independent Director |
| Mr. Sriram G Teja | Whole Time Director |
| Ms. Sreeja Gurijala | Whole Time Director |
| Mr. Sai Kiran Nallapaneni | Whole Time Director |
| Mr. Sai Teja Manchukanti | Additional Director |
| Ms. Shubhi Singhal | Company Secretary |
Key Business Highlights Proyuga Advanced Technologies Ltd
- Proyuga Advanced is one of fastest-growing Indian start-ups in the Virtual Sports industry (by revenues). The company delivered 160% CAGR in total revenues between 2018 and 2021. The company has set up its presence in Singapore, Australia, UK, South Africa and USA.
- Its flagship product, iB Cricket, a virtual cricket gaming platform, has high potential in India. Its franchisee-based business model is available at highly affordable rates ensuring immense scalability.
- The company is also focussing on developing diverse revenue streams to monetise its assets and technical capabilities including selling experiential marketing services to leading consumer brands like Xiaomi, Diageo and selling its technology services to its B2B clients like game developers.
Ratio
| Ratio | FY22 | FY21 |
|---|---|---|
| Operating Margin | -44% | -6% |
| Net Profit Margin | -44% | -9% |
| Return on Equity | -36% | -2% |
| Debt-Equity | 0.18 | 0.10 |
| Current Ratio | 2.55 | 8.91 |
| Dividend Payout | 0% | 0% |
Note:- Dividend payout = Total Dividend/Net Income.
It indicates, how much % of its Net Income, the company is paying out as dividend to its Shareholders.
Financial Highlights
| Particulars | 2021-22 | 2020-21 | 2019-20 | 2018-19 | 2017-18 |
|---|---|---|---|---|---|
| Total Income (₹ Crores) | 32.03 | 12.75 | 4.70 | 1.70 | 0.72 |
| PAT (₹ Crores) | -14.17 | -1.20 | -17.69 | -27.10 | -1.53 |
| Diluted EPS | -3.12 | -0.26 | -3.90 | -5.97 | -1.16 |
| Book Value per Share (₹) | 8.63 | 11.76 | 12.02 | 14.85 | 2.17 |
| Equity (₹ Crores) | 39.15 | 53.31 | 54.52 | 67.35 | 9.82 |
Annual Reports
Proyuga advanced Tech Annual Report 2021-22
Proyuga advanced Tech Annual Report 2020-21
Proyuga advanced Tech Annual Report 2019-20
Proyuga advanced Tech Annual Report 2018-19
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