About Lancify Connect Private Limited
Data last updated:
Lancify Connect Private Limited is a foreign private limited company based in Bangalore, Karnataka, India, a subsidiary of Lancify Inc. It operates in the online service marketplaces segment of the internet and digital services sector. It was incorporated on 13 September 2019 and has been in existence for over 7 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2019FTC127916. Its GSTIN is 29AAECL0326K1ZH (Karnataka).
The company has an authorised share capital of ₹1 Lakh and a paid-up capital of ₹10,082. It is led by directors Gowtham Sundaresan and Barodawala Azan Akhtar.
Its last annual general meeting (AGM) was held on 30 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at No 170 4th Block Kormangala, Bangalore, Karnataka, India – 560034.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.13 Lakh, a decline of 98% compared to the previous year. For the same year it recorded a net loss of ₹67,614 (net margin -31.8%) and EBITDA of -₹61,724 (EBITDA margin -29%). Revenue has declined at a compounded annual rate (CAGR) of 41% over three years.
The company is associated with 1 brand: Lancify. The company has 1 deal on record (1 rights issue); the latest was in February 2021. Its 10 peer companies in the Ecommerce and Internet industry (Online Service Providers) are compared by revenue, 5 larger and 5 smaller; the largest is Spiritual Wellness Revolution Private Limited.
For more details, the company can be reached via its website lancify.net.
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo 170 4th Block Kormangala, Bangalore, Karnataka, India – 560034
- IndustryInternet, Online Service Marketplaces
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Lancify Connect Private Limited
The main business activity of Lancify Connect is support service to organizations. In detail, this covers other support services to organizations.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| N | Support service to Organizations | N7 | Other support services to organizations | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Lancify Connect Private Limited FY 2025 filings available
Lancify Connect Private Limited reported revenue of ₹2.13 Lakh (down 98% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Lancify Connect Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 41% over three years, including a 98% fall in the latest year. EBITDA rose 94% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Lancify Connect Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profit and Loss Statement | ||||
| Revenue from Operations | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• |
| EBITDA | -₹61,724 | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹67,614 | •••• | •••• | •••• |
| Balance Sheet | ||||
| Share Capital | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• |
Financial Ratios of Lancify Connect Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|
| Profitability | ||||
| EBITDA Margin | -29% | •••• | •••• | •••• |
| Net Profit Margin | -31.8% | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• |
| Liquidity and Debt | ||||
| Current Ratio | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• |
| Efficiency and Growth | ||||
| Asset Turnover | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Lancify Connect are in the company report.
Financial statements from FY 2020
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Lancify Connect Private Limited
Lancify Connect Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Online Service Providers). Revenue, net profit, margin and growth of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Spiritual Wellness Revolution Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Instant Rasoi Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Webrock Innovations Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Agij Promotion of Nineteenonea Media Private Limited | •••• | •••• | •••• | •••• | - | Mumbai, Maharashtra, India |
| Rohini Tech Media Private Limited | •••• | •••• | •••• | •••• | - | Hyderabad, Telangana, India |
| Lancify Connect Private Limited this company | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Sreesa Ventures Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Bizindigo Technologies Private Limited | •••• | •••• | •••• | •••• | - | Ghaziabad, Uttar Pradesh, India |
| Mendt Technologies Private Limited | •••• | •••• | •••• | •••• | - | Newdelhi, Delhi, India |
| Supernan Childcare Solutions Private Limited | •••• | •••• | •••• | •••• | - | Bangalore, Karnataka, India |
| Mquube Construction E-Commerce Technology Private Limited | •••• | •••• | •••• | •••• | - | Bhopal, Madhya Pradesh, India |
Peers are the five companies nearest above and the five nearest below Lancify Connect by revenue in the Ecommerce and Internet industry (Online Service Providers), from the latest filed financials of each company. Revenue, net profit, margin and growth of each peer are in the company report.
Auditor Details of Lancify Connect Private Limited
Lancify Connect Private Limited is audited by RAJESH J. SHAH & ASSOCIATES for the financial year 2022.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| RAJESH J. SHAH & ASSOCIATES | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Lancify Connect Private Limited
Lancify Connect has 2 current directors and 1 former director. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Gowtham Sundaresan | Director | 18 Jul 2020 | 6 Years 2 Months | Current |
| Barodawala Azan Akhtar | Director | 13 Sep 2019 | 7 Years 0 Months | Current |
Ownership and Shareholding of Lancify Connect Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Lancify Connect Private Limited
Lancify Connect Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Lancify Connect Private Limited
Lancify Connect Private Limited has 1 deal on record (1 rights issue); the latest was in February 2021.
Deals on record (1 of 1)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Feb 2021 | Rights issue | ₹22.5 Lakh | Investors: Blume Ventures |
Full deal history
All 1 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Associated Brands with Lancify Connect Private Limited
Lancify Connect operates one associated brand: Lancify. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| Online learning platform for university students to become freelancers | lancify.net |
Employees and EPFO Compliance at Lancify Connect Private Limited
Employment history and EPFO contributions of people linked to Lancify Connect.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
Recent Activity on Lancify Connect Private Limited
Lancify Connect Private Limited has 3 board changes on record since 2019: 2 appointments and 1 cessation. The latest: Gowtham Sundaresan was appointed as Director on 18 Jul 2020.
Credit Ratings, Litigation & Regulatory Alerts for Lancify Connect Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Lancify Connect Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Lancify Connect Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Lancify Connect Private Limited
Lancify Connect has 1 GST registration: 1 active.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AAECL0326K1ZH | Karnataka | Active | 10 Dec 2019 |
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Lancify Connect Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Frequently Asked Questions about Lancify Connect Private Limited
Lancify Connect is an active foreign private limited company based in Bangalore, Karnataka, India. The company works in online service marketplaces, within the internet industry. It was incorporated on 13 September 2019 (7+ years old) and is registered under CIN U72900KA2019FTC127916.
Lancify Connect reported revenue of ₹2.13 Lakh for FY 2023 (down 98% YoY).
Lancify Connect has 2 current directors:
- Gowtham Sundaresan - Director
- Barodawala Azan Akhtar - Director
Lancify Connect reported a net loss of ₹67,614 (net margin -31.8%) and EBITDA of -₹61,724 (EBITDA margin -29%) for FY 2023, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Lancify Connect is -41% over three years. In the latest year (FY 2023) revenue fell 98%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Lancify Connect is 29AAECL0326K1ZH, registered in Karnataka.
The CIN (Corporate Identification Number) of Lancify Connect is U72900KA2019FTC127916. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lancify Connect was incorporated on 13 September 2019, making it 7+ years old. It is registered with the Registrar of Companies, Bangalore.
Lancify Connect has 1 deal on record (1 rights issue); the latest was in February 2021.
The peers of Lancify Connect by revenue are Spiritual Wellness Revolution Private Limited, Instant Rasoi Private Limited, Webrock Innovations Private Limited, Agij Promotion of Nineteenonea Media Private Limited, Rohini Tech Media Private Limited and 5 more, all in the Ecommerce and Internet industry (Online Service Providers).
Gowtham Sundaresan was appointed as Director on 18 Jul 2020. Phani Tarang Kethana ceased to be Director on 18 Jul 2020. Barodawala Azan Akhtar was appointed as Director on 13 Sep 2019.