OUR NEW PROFILE IS: (NASDAQ: LYT)
The float on LYT is a mere 8.67 Mill shares.……. It is sitting under .35 right now!!
Lytus Technologies enters Fintech space with the launch of a new payment gateway in India
Lytus has over 4 million active users, exclusive access to over 5000 kilometers (3106 miles), and reported $19 million in revenue for financial year-end March 31, 2023
Hello Everyone,
We have another profile for Thursday that we feel you should research immediately.
This is a company looks like it could have potential for a strong bounce based on the reported structure and price.
Pull up LYT immediately.
Lytus Technologies Holdings PTV. Ltd. is a growing platform services company. The Company’s business model consists primarily of distribution of linear content streaming/telecasting services and development of telemedicine products. They are a rapidly expanding technology-driven internet platform services organization with operations in India and USA. The company offers high-value streaming and telemedicine services to over 4 million active users and monthly customers across India and USA. The firm is one of India’s fastest-growing online content and streaming service providers. Through its 5,000-kilometer network of installed fibre and broadband infrastructure, the firm delivers fibre and broadband services to its client base. Currently, Lytus Technologies has nationwide Telecast & Multicast services in India providing retail and commercial customers monthly subscription-based linear video and Internet services.
There are a few main catalysts to look at for Wednesdays session.
- With A Low Float we could see some volatility like we have seen in the past week or so
- A Corporate Update Provides Clarity On What Could Be A Very Bright Future
- An Explosive Chart History Is Must-See Stuff (Major Short Term Mover Capability)
- A Huge 2023 Acquisition Further Establishes A Strong Presence In the MASSIVE Indian Market
LYTUS Technologies’ Company Vision
Transformation is key for making a better world and LYTUS makes this easier. At LYTUS we believe advancing technology comes with many spheres to improve the human experience. LYTUS’ goal is to super-serve customers by combining multiple service domains into a unified LYTUS lifestyle platform that gives customers entertainment, information, healthcare, and fi-nan-cial freedom.
LYTUS is a rapidly growing Platform IT services company. It currently has over 4 million active viewers and users in India with an accelerated user growth model by combining its growing online content and streaming service.
LYTUS focuses on advancing technologies in media, entertainment, healthcare, and fi-nan-cial services to improve customer experiences worldwide. With an established and expanding customer base in India, LYTUS is soon launching platform services in the U.S. and Middle East.
Why LYTUS Technologies?
Established customer base in two of the biggest high growth markets: the US and India.
Strong business model, repeatable and scalable across geographies.
Unique customer conversion strategy, subscriber growth and additional value-added services.
Present CAGR (streaming business) greater than 5%, expected CAGR (streaming and telemedicine business) approximately at 18%.
Company Overview
Subscriber-based cable streaming company with stable growth and strong tech team. Providing a comprehensive and diversified range of bundled offerings across healthcare, fintech and streaming segments.
Fintech platform services for subscriber-based technology entities for our sub.scribers and advertising entities in India.
Developing post-production technology labs with patented technology workflow for 4 K & 8 K resolution, servicing all major.
Hollywood studios; along with a high-end physical production studio for content creation in Hollywood.
Transforming a nationally distributed American TV Network and OTT, in the U.S.
Strong healthcare technology business with device integration for remote patient care and partnerships with existing hospital networks.
Strong revenue base through a sub.scription model and advertising income in India. Developing technology platform services and generating revenues in the United States and in India.
Company Highlights
Active: Streaming Services
Subscription: Lytus provides its retail and commercial customers with monthly subscription-based linear video services and Internet services.
Customers: Strong nationwide customer base in Nationwide in India.
Programming: 450+ Linear SD/HD channels through various content providers such as Star TV (Disney), Zee TV, Sony, Times Broadcasting, Discovery and others.
Exclusive Content: Lytus creating original exclusive content in Hollywood & Bollywood Studios.
Add-ons: IPTV & Broadband Value added lifestyle and fi.nancial services to platform customers.
LYTUS Technologies Projections (5 Years) In USD Mn
Planned Company Rollouts
Smart OTT – SVOD with Hyper-Personalization (Launch 4th Quarter 2024)
International movies, series and award-winning documentaries from around the world that are critically acclaimed and hard to find.
Exclusive streaming channels and programs with hyper-personalization, that curate playlists for subscribers to achieve their health goals.
Healthcare Technology Services
Focus: To provide telemedicine solutions for the growing medical needs in India, starting with the North-Eastern regions.
U.S. Operations: Lytus through the U.S. research unit offers telemedicine services support to Indian patients.
India Operations: Ready to launch telemedicine in India using an advanced technology platform in conjunction with Lytus’s pioneering local health center network and mobile health camps.
Services: Offering basic healthcare monitoring with the help of smart devices, software systems and diagnostic / examination support services.
Value Proposition: Our existing customer base and access to a significant connected infrastructure enables us to provide telemedicine services for the health needs for two million families.
Fintech Services
- Payment Gateway to existing 4 million + active users.
- E Wallet for seamless transactions.
- Banking services in your hand.
- Wealth management and st-ock market integration.
- Insurance plans with best option services.
Lytus Technologies makes significant progress on Broadband and IPTV Services
Mumbai | New York, July 20, 2023 (GLOBE NEWSWIRE) — Nasdaq-listed Lytus Technologies Holdings PTV. Ltd. (the “Company”) (NASDAQ:LYT), a leading global technology-driven services company, has recently shared updates on progress on its IPTV and Broadband Services.
The Company announced the launch of its IPTV and Broadband services to its customers in India. It has installed a dedicated IPTV headend which is equipped with the latest technology to deliver quality content to its subscribers. The Company has also secured IPTV content from broadcasters.
Through its acquisition of Sri Sai, the company is one of the largest cable streaming players in the region. The Company plans to roll-out its services to its approx. 4 million subscribers through the network of more than 5,000 local cable operators.
Lytus Technologies enters Fintech space with the launch of a new payment gateway in India
~Will invest 50 million dollars to expand their fintech service in India over the next 5 years~
Mumbai | New York, July 24, 2023 (GLOBE NEWSWIRE) — Nasdaq-listed Lytus Technologies Holdings PTV. Ltd. (the “Company”) (NASDAQ: LYT), a leading global technology-driven services company, has announced the launch of its payments gateway for Indian consumers. This marks the entry of Lytus Technologies into the Indian fintech market through the introduction of its payments gateway offerings to businesses in the Indian cable and broadband sector.
Lytus Technologies entered the Indian market with its Telecast & Multicast and broadband services and recently acquired a 51% stake in Sri Sai Cable and Broadband Private Limited in Telangana, India. With the strategic aim of expanding its footprint in India by offering diverse services to Indian consumers, the launch of the payment gateway will provide an additional boost to the company in the market. Initially, Lytus consumers using IPTV and broadband services will enjoy the convenience of the new payment gateway, facilitating their transactions.
The Indian Fintech market is currently the second largest market in the world by deal volume. It is expected to grow to USD 2.1 Tn by 2030 at a CAGR of more than 18%. With a fintech adoption rate of 87% against the global average of 64%, India is one of the fastest growing fintech markets in the world. The Indian fintech industry has experienced exponential growth over the past few years, supported by the Indian government’s initiatives to promote the digitization of financial systems and a cashless economy. This effort has successfully shifted consumer focus toward digital alternatives for financial transactions and services. The rise of digital commerce, along with innovations in payment technology using AI, blockchain, the Internet of Things (IoT), and the introduction of mobile point-of-sale (POS) devices, has significantly contributed to the tremendous success of the fintech industry in India.
According to Shreyas Shah, CFO of Lytus Technologies, “Lytus’s unique business model is particularly suited to expand its fintech services offering to its nationwide base of nearly 4 million users. The company intends to invest 50 million dollars to expand its fintech business in India over the next five years. While the initial rollout is focused on a B2B model, it plans to extend services to its individual subscribers within the next 12 months. Lytus’ fintech products will be initially available to customers in metro cities, and the company will also focus on offering its fintech services to businesses and individuals in rural parts of India to bridge the gap that currently exists in the traditional banking sector.”
Huzaefa Lokhandwala, CEO of Lytus Fintech, anticipates that, “Over the course of the next several months, Lytus intends to expand the scope of its fintech services to include AI-driven next-generation payment platforms, P2P lending, blockchain, insurtech, digital shareholder services, cross-border payments, among other services. Lytus also plans to offer its subscribers e-wallet and credit card services using AI-based technology for personalized financial insights. Users will be able to set spending goals based on their priorities, earn rewards, and leverage the features to develop good financial habits and achieve their long-term goals.”
Lytus Technologies’ entry into the Indian fintech market with its innovative payments gateway marks an exciting milestone in the company’s growth journey. With its strategic expansion plans, including the intention to offer an array of AI-driven financial services and personalized solutions, Lytus aims to cater to the evolving needs of Indian consumers and businesses alike. As India’s fintech landscape continues to thrive, Lytus Technologies’ commitment to bridging the digital divide between urban and rural areas and providing cutting-edge fintech solutions is set to contribute significantly to the country’s vibrant financial ecosystem.
Global Firm Lytus Technologies acquires majority stake in Sri Sai Cable and Broadband Private Limited for its strategic expansion plans
~Existing customers base of 1 million + subscribers and 4 million + active users to benefit from emerging technology solutions for tomorrow, to get access to a host of value-added services with the click of a button~
Hyderabad, 16th May, 2023: Nasdaq-listed Lytus Technologies Holdings PTV Ltd., a leading global technology-driven services company, has recently announced its acquisition of Sri Sai Cable and Broadband Private Ltd., a leading regional Multi Service Operator (MSO) based in Telangana, India. This strategic move signifies Lytus Technologies’ commitment to establishing a strong presence in the Indian market. By acquiring a 51% stake in Sri Sai Cable and Broadband Private Limited, which boasts a subscriber base of over 1 million, Lytus Technologies aims to expand its footprint in India in line with its strategic growth plans.
Lytus Technologies, established in 2017 by a visionary team of technology entrepreneurs, is a publicly listed company on the Nasdaq Capital Market under the ticker symbol “LYT”. The acquisition of Sri Sai Cable is expected to significantly bolster Lytus Technologies’ reach in the Telangana region with a customer base extending into Andhra Pradesh, Maharashtra, and Kerala. As the leading independent Multi Service Operators (MSOs) in Telangana, Sri Sai Cable will enable Lytus Technologies to enhance its service offerings and expand its presence in the region. With more than 40% market share in their dedicated network area, Sri Sai Cable and Broadband Private Limited boasts a flourishing network of over 6,500 local cable operators. As a result of Lytus Technologies’ acquisition of a majority stake in the company, current consumers of Sri Sai Cable will benefit from enhanced technology, resulting in a better viewing experience.
Specializing in Telecast & Multicast services, Lytus Technologies offers monthly subscription-based linear television and Internet services to both retail and business clients. The company’s robust network infrastructure spans over a 5,000-kilometer deployed network, providing fiber and broadband services. Since its inception, Lytus Technologies has expanded its presence in India through its Telecast & Multicast (IPTV) services. The recent acquisition of Sri Sai Cable further strengthens Lytus Technologies’ presence in India, allowing the company to cater to the Indian diaspora with captivating content and value-added services. This strategic acquisition represents a significant step forward in Lytus Technologies’ expansion plans, positioning the company as a key player in the Indian market and reinforcing its dedication to delivering innovative services to customers nationwide.
Commenting on the acquisition of Sri Sai Cable and Broadband Private Limited, Dharmesh Pandya, CEO, Lytus Technologies said, “Since our inception, Lytus Technologies has been committed to providing diverse entertainment options to the Indian audience. The recent acquisition of Sri Sai Cable and Broadband Private Limited enables us to expand our reach by offering cable and internet services not only to consumers in Telangana but also to their extended subscriber base in Andhra Pradesh, Maharashtra and Kerala. Through collaborative efforts, we will develop new technologies aimed at better serving our customer base. India is our primary market for IPTV services, and this year, we are launching IPTV and Internet services, positioning ourselves for revenue growth. Additionally, we are in the process of revising rates in accordance with the New Tariff Order, further enhancing our offerings and providing value to our customers.”’
Srinivas Palle, CEO, Sri Sai Cable and Broadband Private Limited said, “Indian customers are now evolving and are keen to receive high-quality services. Being one of Telangana’s major Multi Service Operators, we strive to cater to ever-changing consumer behavior. With our partnership with Lytus Technologies, we will continue to focus on client needs and expand our footprint in larger parts of India. We intend to maintain and improve our technology in order to gain a larger market share in our network locations.”
Lytus Technologies has established a consumer base across major cities in India, including Mumbai, Hyderabad, Kolkata, New Delhi, and Allahabad. The company offers a comprehensive range of services, providing access to over 450 linear SD/HD channels from various content sources such as Star TV (Disney), Zee TV, Sony, Times Broadcasting, and Discovery. The company is actively engaged in strategic alliances with numerous major global corporations, a move aimed at expanding its reach and presence in the market. These alliances position Lytus Technologies for further growth in the near future.
About Sri Sai Cable and Broadband Private Limited:
Sri Sai Cable & Broadband Pvt. Ltd (SSCBPL) is a leading regional Multi Service Operator (MSO) in Telangana, offering high-quality cable television and broadband services. With a rich history in the industry, Sri Sai Cable & Broadband Pvt. Ltd’s operations began in 1995 as Sri Sai Communication, providing analogue control room and cable TV services. In 2011, the cable operator embraced the digital era and started offering the best-in-class Digital Cable Television experience to viewers across Telangana, Andhra Pradesh, and other states of India. The vision of SSCBPL, is to create a robust, futuristic, and technologically advanced network that spans the entire state of Telangana and Andhra Pradesh. As the top MSO in Telangana, the company holds a dominant market share of over 40% of cable television subscribers. The digital cable television services of Sri Sai Cable & Broadband Pvt. Ltd have reached nearly all towns in Telangana and some parts of Andhra Pradesh, catering to approximately 0.9 million active digital cable subscribers.
NEWS
MANAGEMENT
Dharmesh Pandya
Global CEO and Managing Director
Dharmesh Pandya, CEO of Lytus Technologies is a Technology, Tax and Corporate lawyer with over 25 years’ experience. A Graduate of Harvard Law School, he started his career with Big Four accounting firms in New York and helped build their International and Emerging Market Practices.
Shreyas Shah
Global CFO and Executive Director
Shreyas Shah is a Chartered Accountant from India and LLM from the Netherlands (2011-12) with over 15 years experience. His expertise includes, inter-alia, to develop and implement an innovative, growth focused commercial strategy, focusing primarily on new product areas and emerging markets, while analysing, managing and mitigating potential legal, tax and financial risks.
Rajeev Kheror
Independent Director
Rajeev Kheror is a Los Angeles based producer, director and writer. He has produced and directed many award-winning films and series with more than 2000 hours of scripted, unscripted series and TV specials. He is a member of the Television Academy of Arts & Sciences, a gold medalist from Asian Academy of Film & Television and a Corporate Leader from Harvard Business School.
Robert Damante
Independent Director
Mr. Damante is an experienced financial professional. He has been the Chief Financial Officer of two different Life Insurance Companies, and a senior executive in four others over the past 30 years. Recently retired, his most recent position was as EVP and CFO of Prosperity Life Group in New York. In that position he managed all financial activities of this multi-billion life insurance company.