CyanogenMod has been known for bringing out custom ROMs of varied Android flavors and runs on devices like OnePlus One out-of-the-box.

The company also launched a Themes Design Challenge, through which it is inviting artists and content creators to submit original theme packs for the Cyanogen operating system.

Cyanogen is one of the most advanced mobile operating systems around the globe. It is an aftermarket firmware for a number of cell phones based on the open-source Android operating system. It offers features not found in the official Android based firmwares of vendors of these cell phones.

According to the official statement, only Micromax will be authorised to sell phones running CyanogenMod operating system, which is based on Android.

"Micromax has announced a new Internet brand YU, which is slated to announce its first device on Cyanogen OS. Cyanogen's exclusive deal also means that Cyanogen OS will not support any other devices shipping in India with future updates including Lollipop," the company spokesperson said.

Micromax will launch first YU devices in December.