Lucida Technologies

Bengaluru, India Founded: 2017 • Age: 9 yrs Acquired By Cressanda Solutions Ltd
AI machine learning, consulting, and data analytics services are provided.
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About Lucida Technologies

Lucida Technologies is a Technology company based in Bengaluru (India) founded in 2017 by Ramachandran Subramanian, Banu Prakash, and Krishnamurthy N T, and was acquired by Cressanda Solutions Ltd in May 2022. It operates as an AI machine learning, consulting, and data analytics services are provided. The company has 66 employees. Its chief executive is Ramachandran Subramanian. Its Indian entity Lucida Technologies Private Limited reported revenue of ₹6.80 Cr. Lucida Technologies offers products and services including Big Data & Analytics, AI/ML Services, Mobility Solutions, UI/UX Services, and RPA Offerings. Its focus areas include Business Services, AI Services and Horizontal. Its competitors include EXL, Artefact, Quantiphi, Tech Mahindra and Orioninc and 5 more; 5 of its 10 listed competitors have raised funding.

Company details

Lucida Technologies was established in 2017 and is based in Bengaluru, India. Services encompassing AI, machine learning, consulting, and data analytics are offered to clients. The company operates within the technology sector, delivering solutions for data-driven decision-making. It is co-founded by Ramachandran Subramanian as CEO, alongside Banu Prakash and Krishnamurthy N T, with a focus on practical implementations in diverse industries.

Operational Areas
Technology → AI Core Platforms & Infrastructure
Key Metrics

Products & Services of Lucida Technologies

Lucida Technologies offers a comprehensive portfolio of products and services, including Big Data & Analytics, AI/ML Services, Mobility Solutions, UI/UX Services, and RPA Offerings.

Big Data & Analytics
Data Services

Tools for data integration and intelligence extraction from enterprises.

AI/ML Services
AI Services

Algorithms for predicting trends and analyzing customer behavior.

Mobility Solutions
App Development

Platforms for mobile apps enhancing user engagement and efficiency.

UI/UX Services
Design Services

Development of user-centric interfaces for web and mobile applications.

RPA Offerings
Automation Services

Automation tools for streamlining business processes and workflows.

Investors in Lucida Technologies

Lucida Technologies has secured backing from 1 investor. Prominent investors backing the company include Cressanda Solutions Ltd.

All
InvestorDescriptionFounded YearDomainLocation
Cressanda Solutions Ltd
IT consulting services are provided to clients by the company.
1985cressandasolutionsltd.comMumbai, India
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Investor details for Lucida Technologies

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Board of directors of Lucida Technologies Private Limited (Lucida Technologies)

Lucida Technologies Private Limited is the primary company behind Lucida Technologies. The board of Lucida Technologies Private Limited currently have 2 directors; the longest-serving is Parikshit Berikkai Vasu, appointed in 2018. 4 earlier directors have ceased.

DirectorDesignationAppointedTenureEntity
Parikshit Berikkai Vasu
DIN 07640495
Director02 Feb 20188 yrs 8 moLucida Technologies Private Limited
Shruthi Ananda
DIN 06370883
Additional Director10 Jan 20251 yr 9 moLucida Technologies Private Limited

People of Lucida Technologies

9 people are tracked at Lucida Technologies (3 in leadership, 6 in team); the tracked headcount is 66.

NameRoleGroup
Ramachandran Subramanian
Co-Founder & CEOLeadership
Banu Prakash
Co-FounderLeadership
Krishnamurthy N T
Co-FounderLeadership
Roshan J
Software EngineerTeam
Rashmi Ramesh
Junior Machine Learning EngineerTeam
Murali Setty
Solution ArchitectTeam
Tanu Priya Singh
Senior Machine Learning EngineerTeam
Sundar R
Business Development ManagerTeam
Varshini Muniraj
Project ManagerTeam
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Complete people profiles for Lucida Technologies

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Financials of Lucida Technologies

Figures of Lucida Technologies Private Limited, the primary company behind Lucida Technologies, for FY 2024. Revenue was ₹6.80 Cr (-42% year on year). Net loss was -₹1.85 Cr (-27% margin). EBITDA was -₹1.77 Cr (-26% margin). Revenue has grown at a compounded annual rate of -5% over three years and -16% over five years.

  • ₹6.80 CrRevenue · FY 2024 · -42% YoY
  • -₹1.85 CrNet loss · -27% margin
  • -₹1.77 CrEBITDA · -26% margin
  • ₹60 LakhPaid-up capital
  • 66Employees (provident fund records)
  • -5%Revenue CAGR, 3 years
  • -16%Revenue CAGR, 5 years

Balance sheet, profit and loss, cash flow and ratios of Lucida Technologies Private Limited are on its company page.

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Detailed financial statements for Lucida Technologies

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Timeline of Lucida Technologies

2 dated milestones of Lucida Technologies across 5 years, from founding to its latest funding, stage changes and deals.

  1. Founded Lucida Technologies is founded.
  2. Exit Acquired by Cressanda Solutions Ltd.

Competitors of Lucida Technologies

Lucida Technologies has 10 listed competitors in our database, 5 of them funded. They include EXL, Artefact, Quantiphi, Tech Mahindra and Orioninc, among others.

Company NameDomainFoundedHQ LocationTotal fundingEmployeesDescription
EXL
exlservice.com1999New York, United States$10M21,544
Analytics and digital solutions for healthcare and banking are provided.
Artefact
artefact.com1998Paris, France–1
Digital marketing services provider
Quantiphi
quantiphi.com2013Marlborough, United States$23.5M2,670
Provider of AI and machine learning services
Tech Mahindra
techmahindra.com1986Pune, India–110,240
Provider of data analytics, cloud management, and business process outsourcing services
Orioninc
orioninc.com1993Monmouth Junction, United States–832
Provider of AI, data analytics, application development and IT security services
Capgemini
capgemini.com1967Paris, France–18
Cloud management, business consulting, and IT outsourcing services are provided.
Firstsource
firstsource.com2001Mumbai, India–27,940
Firstsource is recognized as a global business process management partner.
phData
phdata.io2014Minneapolis, United States$2.5M179
Provider of end to end services for Data Engineering and Machine Learning
Ex Quanta
exquanta.com2018New York, United States$16.19M–
AI development services are provided by Ex Quanta.
Mindee
mindee.com2017San Francisco, United States$23.37M–
Data extraction from documents is enabled via API platform.
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Detailed competitors of Lucida Technologies

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Top companies in AI Core Platforms & Infrastructure

10 companies that operate in the same segment as Lucida Technologies (AI Core Platforms & Infrastructure), ranked by their profile score on The Company Check.

CompanyDescriptionFoundedLocationTotal fundingRevenueEmployees
Meitu
Photo editing and sharing apps are developed by Meitu.
2008Xiamen, Fujian, ChinaUSD 525 MUSD 536.99 M719
Palantir
Platform that provides data analysis and management solutions
2003Denver, Colorado, United StatesUSD 2.46 BUSD 2.87 B5,915
OpenAI
OpenAI is engaged in developing advanced artificial intelligence technologies.
2015San Francisco, California, United StatesUSD 180.07 B–11,115
Mobileye
AI-based system-on-chips are developed for advanced driver assistance systems.
1999Jerusalem, Jerusalem District, IsraelUSD 530 MUSD 1.89 B3,820
Anthropic
AI models and chatbots are offered for industry applications.
2021San Francisco, California, United StatesUSD 132.31 B–6,146
Aurora
AI and SaaS-based self-driving solutions for autonomous vehicles are provided.
2017Mountain View, California, United StatesUSD 692.62 MUSD 3 M2,619
Character.ai
AI-based conversational solutions are provided for user interactions and learning.
2021Menlo Park, California, United StatesUSD 193 M–325
EXL
Analytics and digital solutions for healthcare and banking are provided.
1999New York, New York, United StatesUSD 10 MUSD 2.09 B59,500
Anduril
Provider of AI-based drone surveillance solutions for defense and maritime sector
2017Orange, California, United StatesUSD 11.29 B–9,670
Perplexity
Citation-based AI answer engine with real-time sourcing is operated.
2022San Francisco, California, United StatesUSD 1.72 B–1,401
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Related news about Lucida Technologies

Cressanda concludes acquisition of Lucida Technologies
Equitybulls • 4 years ago
Cressanda Solutions forays into AI/ML through its acquisition of lucida tech
Indiainfoline • 4 years ago
Cressanda Solutions board to consider acquisition of Lucida Technologies Private Limited.
Indiainfoline • 4 years ago
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Complete news archive for Lucida Technologies

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Frequently Asked Questions about Lucida Technologies

Lucida Technologies was founded in 2017.

Lucida Technologies is headquartered in Bengaluru, India. It is registered at Bengaluru, Karnataka, India.

Ramachandran Subramanian is the current CEO of Lucida Technologies. They have also founded this company.

Lucida Technologies has 66 employees.

The primary company behind Lucida Technologies, Lucida Technologies Private Limited, reported revenue of ₹6.80 Cr for FY 2024, down 42% year on year.

Lucida Technologies was established in 2017 and is based in Bengaluru, India. Services encompassing AI, machine learning, consulting, and data analytics are offered to clients. The company operates within the technology sector, delivering solutions for data-driven decision-making. It is co-founded by Ramachandran Subramanian as CEO, alongside Banu Prakash and Krishnamurthy N T, with a focus on practical implementations in diverse industries.

Lucida Technologies's top competitors include EXL, Tech Mahindra and Quantiphi.

Lucida Technologies offers Big Data & Analytics, AI/ML Services, Mobility Solutions, UI/UX Services, and RPA Offerings.

Lucida Technologies has 1 investor. Key investors include Cressanda Solutions Ltd.

Lucida Technologies operates through Lucida Technologies Private Limited.

Yes. Lucida Technologies was acquired by Cressanda Solutions Ltd in May 2022.

The legal entities of Lucida Technologies currently have 2 directors, including Shruthi Ananda, Parikshit Berikkai Vasu.

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