Lycamobile sells pre-paid Sim cards and top-up vouchers so people can make low-cost overseas calls from mobile phones, particularly to Asia, Africa and the US. Started in 2008, the business is a standalone company owned by the same people behind calling card firm Lycatel. Founded and led by serial telecoms entrepreneur Subaskaran Allirajah, Lycamobile hosts its services on a private cloud-based mobile network. Sales, from the company’s British operation Lycamobile UK, grew 247% a year from £2.8m in 2008 to £116.8m in 2011, based on growing demand and customer loyalty.

This profile reflects the company at time of publication and does not reflect any changes that may have subsequently occurred. Fast Track and its sponsors do not endorse, guarantee or recommend investment in any of the companies.

Company details
Year2012
Rank2
CompanyLycamobile
ActivityInternational telecoms operator
LocationCentral London
Average 3 year sales growth247.25%
Latest sales £000s116,829
Staff17
Founded2008
Websitewww.lycamobile.com

If applicable:

* supplied by company † annualised figure