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The lack of transparency has fuelled scepticism, especially concerning the company’s relationship with SRAM & MRAM Group, the entity that supposedly led Zyber’s funding spherical. Regardless Of its declare of having secured a monumental $100 million funding, Zyber 365Â has not filed any financial reviews with the Ministry of Corporate Affairs. Vaghela additionally highlighted that the corporate’s name has been changed to Zedgo Software Program Applied Sciences Private Restricted. It’s essential to mention that when a director resigns, a DIR-11 kind must be submitted to the Registrar of Firms (RoC) to formally doc the resignation. The company’s registered capital is notably modest—just Rs 15 lakh in authorised capital, with a paid-up capital of Rs 1 lakh. An examination of Zyber 365’s publicly available documents reveals little about the company’s actual actions or monetary well being, as per the Business Today report.

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