About Kovid
Kovid is an Industrial Goods & Manufacturing company based in Chennai (India) founded in 2000. Software for Nondestructive Testing. Kovid has raised $150 thousand across 1 funding round from investors including Majuven. The company has 21 employees. Its Indian entity Lucid Software Limited reported revenue of ₹14.6 Lakh. Its focus areas include Enterprise Applications, Manufacturing Tech, Manufacturing Execution System and Non Destructive Testing. Its competitors include Samiep and Lucid Soft.
Company details
Founded in 2000 and based in Chennai, India, the company operates in the nondestructive testing sector. Software platforms such as Muulam and Kovid are offered, along with custom solutions, for techniques including ultrasound, X-ray, eddy current, ground penetrating radar, and impact echo. Coverage spans the NDE lifecycle, from test procedure preparation and instrument integration to data analysis, reporting, and integration with enterprise tools like EAM, PLM, and FEA.
- Headquarters Chennai, India
- Employees 21
- SectorsIndustrial Goods & Manufacturing
- Email••••••••
- Phone•••• ••••
- Website kovidndt.com
- Social LinkedIn X Facebook
- Legal Name Lucid Software Limited
- Date of Incorporation 28 Feb, 2000
- Jurisdiction Chennai, Tamil Nadu, India
- Annual Revenue₹14.6 Lakh
FY 2024 · -82% YoY
- Net Loss-₹61.1 Lakh
FY 2024 · -419% margin
- EBITDA₹6.2 Lakh
FY 2024 · 42% margin
- Total Equity Funding$150K (USD)
in 1 rounds
- Latest Funding Round$150K (USD), Seed
Jul 2012
- Investors
- Employee Count21
Associated legal entities of Kovid
Kovid operates through Lucid Software Limited (active). Its filings, financials, charges and directors are on the company page.
| Legal entity | Status | Incorporated | Registered in | Revenue (FY 2024) | Employees | Directors | Company page |
|---|---|---|---|---|---|---|---|
| Lucid Software Limited CIN U72200TN2000PLC044263 | Active | 28 Feb 2000 | Chennai, Tamil Nadu | ₹0.1 Cr | 21 | 3 | View details |
Funding Insights of Kovid
Kovid has successfully raised a total of $150K through 1 strategic funding round. The most recent funding activity was a Seed round of $150 thousand completed in July 2012. This substantial capital infusion reflects strong investor confidence in the company's business model, growth potential, and market opportunities. The funding enables strategic expansion, product development, market penetration, and operational scaling to drive long-term value creation and competitive advantage.
- Total Funding $150,000
- Total Rounds 1
- Last Round Seed — $150,000
- First Round $150,000
(Jul 2012)
- Investors Count 1
All 1 funding rounds of Kovid with amounts and investors; the two latest post-money valuations are shown, the rest are part of the premium plan.
| Date | Amount | Transaction Name | Valuation | Lead Investors | Investors |
|---|---|---|---|---|---|
| Jul 2012 | $150,000 | Seed | – | Majuven | – |
1 investors in total: 1 institutional.
Investors in Kovid
Kovid has secured backing from 1 investor, including venture fund investors. Prominent investors backing the company include Majuven.
| Investor | Description | Founded Year | Domain | Location |
|---|---|---|---|---|
Early and growth stage VC firm investing in Singapore, China and India | majuven.com | Singapore, Singapore |
Investor details for Kovid
The complete investor list, round-by-round participation and investor portfolios require an active premium plan.
- Complete investor list
- Round participation
- Investor portfolios
- Co-investor network
Verified entity values are shown only after access is granted.
Board of directors of Lucid Software Limited (Kovid)
Lucid Software Limited is the primary company behind Kovid. The board of Lucid Software Limited currently have 3 directors; the longest-serving is Padithi Reddy Gari Venkata Krishna Mohan Reddy, appointed in 2000. 6 earlier directors have ceased.
| Director | Designation | Appointed | Tenure | Entity |
|---|---|---|---|---|
| Padithi Reddy Gari Venkata Krishna Mohan Reddy DIN 01848860 | Whole-time director | 28 Feb 2000 | 26 yrs 7 mo | Lucid Software Limited |
| Chakravarthy Padmanabhan Madhusudan DIN 02207792 | Whole-time director | 05 Mar 2007 | 19 yrs 7 mo | Lucid Software Limited |
| Udaykumar Reddy Chagari DIN 06976808 | Director | 02 Apr 2018 | 8 yrs 6 mo | Lucid Software Limited |
People of Kovid
1 people are tracked at Kovid (1 in leadership); the tracked headcount is 21.
| Name | Role | Group |
|---|---|---|
| Executive Director | Leadership |
Complete people profiles for Kovid
Full employee and board profiles, team structure, tenure and professional contact details require an active premium plan.
- Full employee list
- Team structure
- Board tenure
- Professional contacts
Verified entity values are shown only after access is granted.
Financials of Kovid
Figures of Lucid Software Limited, the primary company behind Kovid, for FY 2024. Revenue was ₹14.6 Lakh (-82% year on year). Net loss was -₹61.1 Lakh (-419% margin). EBITDA was ₹6.2 Lakh (42% margin). Revenue has grown at a compounded annual rate of -57% over three years and -50% over five years.
- ₹14.6 LakhRevenue · FY 2024 · -82% YoY
- -₹61.1 LakhNet loss · -419% margin
- ₹6.2 LakhEBITDA · 42% margin
- ₹2.19 CrPaid-up capital
- 21Employees (provident fund records)
- -57%Revenue CAGR, 3 years
- -50%Revenue CAGR, 5 years
Balance sheet, profit and loss, cash flow and ratios of Lucid Software Limited are on its company page.
Detailed financial statements for Kovid
Statement rows, ratios, five-year trends and downloadable financials of the group companies require an active premium plan.
- Statement rows
- Financial ratios
- Five-year trends
- Downloads
Verified entity values are shown only after access is granted.
Timeline of Kovid
2 dated milestones of Kovid across 12 years, from founding to its latest funding, stage changes and deals.
- Founded Kovid is founded.
- Funding First funding round of $150K.
Competitors of Kovid
Kovid has 2 listed competitors in our database. They include Samiep and Lucid Soft.
| Company Name | Domain | Founded | HQ Location | Total funding | Employees | Description |
|---|---|---|---|---|---|---|
| samiep.com | 2009 | Thane, India | Automatic batch production software is provided for formulation-based industries. | |||
| lucidsoft.net | 2000 | Chennai, India | 1 | Non-destructive testing software is developed for X-ray data analysis. |
Detailed competitors of Kovid
The full competitor set, operating metrics and side-by-side benchmarks require an active premium plan.
- Full competitor set
- Operating metrics
- Benchmarks
- Competitive positioning
Verified entity values are shown only after access is granted.
Unlock complete access to The Company Check
Get unrestricted viewing across everything we track — from companies and brands to investors, funding rounds, acquisitions, financials, and more.
- Unlimited viewing on all profiles Companies, investors, financials, funding, acquisitions & directors
- Full access to every database India & global coverage, advanced filters and rich profile details
- Always-on access from your team account Single premium plan for everything you see on the portal
Related news about Kovid
Complete news archive for Kovid
Full article history, source details, and older brand coverage require an active premium plan.
- Full article archive
- Source and publication date
- Older coverage
- Brand-specific news history
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Kovid
Kovid was founded in 2000 and raised its 1st funding round 12 years after it was founded.
Kovid is headquartered in Chennai, India. It is registered at Chennai, Tamil Nadu, India.
Kovid is a funded company, having raised a total of $150K across 1 funding round to date. The company's 1st funding round was a Seed of $150K, raised on Jul 2012.
Kovid has 21 employees.
The primary company behind Kovid, Lucid Software Limited, reported revenue of ₹14.6 Lakh for FY 2024, down 82% year on year.
Founded in 2000 and based in Chennai, India, the company operates in the nondestructive testing sector. Software platforms such as Muulam and Kovid are offered, along with custom solutions, for techniques including ultrasound, X-ray, eddy current, ground penetrating radar, and impact echo. Coverage spans the NDE lifecycle, from test procedure preparation and instrument integration to data analysis, reporting, and integration with enterprise tools like EAM, PLM, and FEA.
Kovid's top competitors include Samiep and Lucid Soft.
Kovid has 1 investor. Key investors include Majuven.
Kovid operates through Lucid Software Limited.
The legal entities of Kovid currently have 3 directors, including Udaykumar Reddy Chagari, Chakravarthy Padmanabhan Madhusudan, Padithi Reddy Gari Venkata Krishna Mohan Reddy.