Lytus Technologies Holdings PTV. Ltd.

Lytus Technologies Holdings PTV. Ltd. is a platform services company primarily offering services in India. The company was incorporated in the BVI on March 16, 2020. It acquired its wholly-owned subsidiary, Lytus India, on March 19, 2020, and a 51% interest in Sri Sai on April 1, 2022, for $2.5 million. Lytus Technologies invested $8.4 million as a capital advance for software application development and $2 million in Sri Sai's expansion plan. The company modified its arrangement with Sri Sai to own a controlling stake in Sri Sai's business and control the infrastructure hub supporting its services, rather than solely acquiring the 1.8 million subscriber base of Reachnet Cable Service Pvt. Ltd. and its revenue-generating contracts. Lytus Technologies' business model includes the current distribution of linear content streaming/telecasting services and the development of technology products, specifically telemedicine and fintech. The company is focused on consolidating its subscriber base for future technology services, such as telemedicine and healthcare services, while continuing to develop its technology platform. Currently, it provides streaming and internet services through its platform. The principal executive offices are located at Unit 504, Building 3 Studio City, Dubai, United Arab Emirates, and the company also conducts business from its office in India at Unit 1214, ONE BKC, G Block, Bandra Kurla Complex, Bandra East, Mumbai, India 400 051.