Startup India Government of India
Lucida Technologies Private Limited - information technology in Bengaluru, Karnataka, India. FY 2026 financials & compliance.
Revenue · FY 2024
₹6.8 Cr
▼ 42% YoY
Net loss · FY 2024
₹1.85 Cr
Net margin -27.2%
EBITDA · FY 2024
-₹1.77 Cr
EBITDA margin -26%
Authorised capital
₹1.05 Cr
Registered with MCA
Paid-up capital
₹60 Lakh
Issued & subscribed
Open charges
₹1 Cr
Secured borrowings
Company age
9 yrs
Est. 2017
Employees · EPFO
66
Provident fund records
About Lucida Technologies Private Limited
Data last updated:
Lucida Technologies Private Limited is a private limited company based in Bengaluru, Karnataka, India, recognised as a startup by DPIIT. It operates in the IT consulting and support services segment of the technology and IT services sector. It was incorporated on 07 February 2017 and has been in existence for over 9 years.
The company is registered with the Registrar of Companies (ROC), Bangalore, under CIN U72900KA2017PTC100290. Its GSTIN is 29AADCL2292H1ZC (Karnataka).
The company has an authorised share capital of ₹1.05 Cr and a paid-up capital of ₹60 Lakh. It is led by directors Parikshit Berikkai Vasu and Shruthi Ananda.
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 Bengaluru, Karnataka.
As per the financials filed for FY 2024, the company reported a revenue of ₹6.8 Cr, a decline of 42% compared to the previous year. For the same year it recorded a net loss of ₹1.85 Cr (net margin -27.2%) and EBITDA of -₹1.77 Cr (EBITDA margin -26%). Revenue has declined at a compounded annual rate (CAGR) of 5% over three years and 16% over five years.
The company has about 66 employees on its provident fund (EPFO) records.
The company is associated with 1 brand: Lucida Technologies. As per MCA filings, the company has open charges of ₹1 Cr on record. The company has 5 deals on record (3 secondary share transfers, 1 acquisition, 1 rights issue); the latest was in April 2022. Its 10 peer companies in the same principal business activity (Computer programming, consultancy and related activities) are compared by revenue, 5 larger and 5 smaller; the largest is Futureproofai India Private Limited with revenue of ₹6.81 Cr.
Lucida Technologies Private Limited is registered as a micro enterprise under the Udyam registration framework (Reg. No. UDYAM-KR-03-0058199). The current compliance status is marked as compliant by the Registrar of Companies. For more details, the company can be reached via its website lucidatechnologies.com.
Company Details of Lucida Technologies Private Limited
CIN U72900KA2017PTC100290
Registration Number 100290
Incorporation Date 07 February 2017
ROC Bangalore
Listing Status Unlisted
Company Status Active
Date of Last AGM 30 September 2025
Date of Balance Sheet 31 March 2025
Compliance Status Active Compliant
DPIIT Recognition Recognised Startup
MSME Classification Micro
Udyam Registration UDYAM-KR-03-0058199
Recognitions & Rankings of Lucida Technologies
MSME (Udyam registered) Ministry of MSME
- Category
- Micro (2024-25)
- Udyam number
- UDYAM-KR-03-0058199
Contact Details
- EmailLocked
- TelephoneLocked
- Website
- Social Media
- Registered AddressNo 3980/81 3rd Floor 80 Feet Road Hoskerehalli Mainroad Near Seetha Circel Banashankari, 3rd Stage, Bengaluru, Karnataka, India – 560085
- IndustryInformation Technology, IT Consulting & Support Services
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Associated Brands with Lucida Technologies Private Limited
Lucida Technologies operates one associated brand: Lucida Technologies. Each brand links to its own profile.
| Brand | Description | Website |
|---|---|---|
| AI machine learning, consulting, and data analytics services are provided. | lucidatechnologies.com |
Business Activity of Lucida Technologies Private Limited
The main business activity of Lucida Technologies is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
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Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
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Financials of Lucida Technologies Private Limited FY 2025 filings available
Lucida Technologies Private Limited reported revenue of ₹6.8 Cr (down 42% YoY) for FY 2024.
Revenue · FY 2024
₹6.8 Cr ▼ 42%
Net loss · FY 2024
₹1.85 Cr margin -27.2%
EBITDA · FY 2024
-₹1.77 Cr margin -26%
Compounded Annual Growth Rate (CAGR) of Lucida Technologies Private Limited
Revenue CAGR growth
1 year
▼ 42%
3 years · compounded
▼ 5%
5 years · compounded
▼ 16%
EBITDA CAGR growth
1 year
▼ 244%
3 years · compounded
▼ 113%
5 years · compounded
▼ 21%
Revenue has declined at a compounded annual rate (CAGR) of 16% over five years, including a 42% fall in the latest year. EBITDA fell 244% 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 Lucida Technologies Private Limited
| Metrics | FY 2023-24 | 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 | -₹1.77 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹1.85 Cr | •••• | •••• | •••• | •••• |
| 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 Lucida Technologies Private Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -26% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -27.2% | •••• | •••• | •••• | •••• |
| 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 Lucida Technologies are in the company report.
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Financial statements from FY 2017
Earlier years and trend charts are in the company report.
- Income statements
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Board of Directors of Lucida Technologies Private Limited
Lucida Technologies has 2 current directors and 2 former directors. Current directors are listed first, with their designation and appointment date.
Current Directors
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Shruthi Ananda Also directs: Saptham Food and Beverages Private Limited, Saptham Retail Ventures Private Limited, Hefe Biosciences Private Limited and 2 more | Additional Director | 10 Jan 2025 | 1 Years 9 Months | Current |
| Parikshit Berikkai Vasu | Director | 02 Feb 2018 | 8 Years 8 Months | Current |
Peer Comparison of Lucida Technologies Private Limited
Lucida Technologies Private Limited is compared with the companies closest to it by revenue in the same principal business activity (Computer programming, consultancy and related activities). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Futureproofai India Private Limited | ₹6.81 Cr (FY 2024) | •••• | •••• | 61.0% | •••• | Bangalore, Karnataka, India |
| Punon Technologies Private Limited | ₹6.81 Cr (FY 2025) | •••• | •••• | -5.0% | •••• | Thane, Maharashtra, India |
| Cloud Mentor Software Private Limited | ₹6.81 Cr (FY 2024) | •••• | •••• | -37.0% | •••• | Jaipur, Rajasthan, India |
| Aarialife Technologies Private Limited | ₹6.8 Cr (FY 2024) | •••• | •••• | 6.0% | •••• | Ahmedabad, Gujarat, India |
| Sumanas Technologies Private Limited | ₹6.8 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Madurai, Tamil Nadu, India |
| Lucida Technologies Private Limited this company | ₹6.8 Cr (FY 2024) | •••• | •••• | -42.0% | •••• | Bengaluru, Karnataka, India |
| Infrassist Technologies Private Limited | ₹6.79 Cr (FY 2025) | •••• | •••• | 26.0% | •••• | Ahmedabad, Gujarat, India |
| Elitech Conserv Private Limited | ₹6.79 Cr (FY 2025) | •••• | •••• | 5.0% | •••• | Pune, Maharashtra, India |
| Kyra Infotech Private Limited | ₹6.79 Cr (FY 2025) | •••• | •••• | 17.0% | •••• | Ahmedabad, Gujarat, India |
| Boardwalktech Solutions Private Limited | ₹6.79 Cr (FY 2025) | •••• | •••• | -2.0% | •••• | Pune, Maharashtra, India |
| BNT Soft Private Limited | ₹6.78 Cr (FY 2025) | •••• | •••• | -75.0% | •••• | Pune, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Lucida Technologies by revenue in the same principal business activity (Computer programming, consultancy and related activities), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Lucida Technologies Private Limited
Lucida Technologies Private Limited is audited by PNRAS & ASSOCIATES for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| PNRAS & ASSOCIATES | Locked | Locked | Locked |
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Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
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Ownership and Shareholding of Lucida Technologies Private Limited
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Shareholding and ownership data
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Charges & Borrowings of Lucida Technologies Private Limited
Open charges
₹1 Cr
Satisfied charges
None
Breakdown by lending institutions
Latest charge details
| Date | Lender | Amount | Status |
|---|---|---|---|
| 13 Aug 2025 | State Bank of India | ₹1 Cr | Open |
Total charge records: 1 View all charges
Deals & Funding of Lucida Technologies Private Limited
Lucida Technologies Private Limited has 5 deals on record (3 secondary share transfers, 1 acquisition, 1 rights issue); the latest was in April 2022.
Total deals
5
Secondary share transfers
3
Acquisition
1
Rights issue
1
Deals on record (5 of 5)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Apr 2022 | Acquisition | ₹9 Cr | Buyer: Cressanda Railway Solutions Limited |
| Jun 2019 | Secondary share transfer | Undisclosed | Buyer: 3 individuals Seller: 2 individuals |
| Mar 2018 | Rights issue | ₹3 Lakh | Investors: 4 individuals |
| Jun 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
| Feb 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
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Full deal history
All 5 deals with amounts, valuations, instruments and every party are in the company report.
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Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Lucida Technologies Private Limited
Lucida Technologies Private Limited has a workforce of 66 employees as of Apr 06, 2024.
Employee count
66
Active EPFO establishments
1
Employee growth
-2.94%
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Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
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Recent Activity on Lucida Technologies Private Limited
Lucida Technologies Private Limited has 6 board changes on record since 2017: 4 appointments and 2 cessations. The latest: Banuprakash Chandrashekar Reddy ceased to be Director on 08 Jul 2025.
AGM
Lucida Technologies Private Limited last Annual general meeting of members was held on 30 Sep 2025 as per latest MCA records.
Charges
A charge with State Bank Of India amounted to Rs. 1.00 Cr with Charge ID 101153167 was registered on 13 Aug 2025.
Ceased
Banuprakash Chandrashekar Reddy ceased to be Director.
Ceased
Krishnamurthy Nijagal Thimmaiah ceased to be Director.
Filing
Lucida Technologies Private Limited has filed its annual Financial statements for the year ended 31 Mar 2025 with Roc Bangalore.
Appointed
Shruthi Ananda was appointed as Additional Director.
Appointed
Parikshit Berikkai Vasu was appointed as Director.
Appointed
Banuprakash Chandrashekar Reddy was appointed as Director.
Appointed
Krishnamurthy Nijagal Thimmaiah was appointed as Director.
Incorporation
07 Feb 2017
Lucida Technologies Private Limited was registered on 07 Feb 2017 with Roc Bangalore & aged 9 years 8 months as per MCA records.
Credit Ratings, Litigation & Regulatory Alerts for Lucida Technologies Private Limited
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Credit ratings, litigation, and regulatory alerts
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MSME Payment Delays by Lucida Technologies Private Limited
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MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
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Subsidiaries & Group Companies of Lucida Technologies Private Limited
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Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
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GST Compliance of Lucida Technologies Private Limited
Lucida Technologies has 1 GST registration: 1 active.
Total GSTINs
1
Active
1
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 29AADCL2292H1ZC | Karnataka | Active | 18 Oct 2017 |
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GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
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MCA Filings & Documents of Lucida Technologies Private Limited
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MCA filings and documents
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Frequently Asked Questions about Lucida Technologies Private Limited
Lucida Technologies is an active private limited company based in Bengaluru, Karnataka, India. The company works in IT consulting and support services, within the information technology industry. It was incorporated on 07 February 2017 (9+ years old) and is registered under CIN U72900KA2017PTC100290.
Lucida Technologies reported revenue of ₹6.8 Cr for FY 2024 (down 42% YoY).
Lucida Technologies has 2 current directors:
- Shruthi Ananda - Additional Director
- Parikshit Berikkai Vasu - Director
Lucida Technologies reported a net loss of ₹1.85 Cr (net margin -27.2%) and EBITDA of -₹1.77 Cr (EBITDA margin -26%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Lucida Technologies is -5% over three years and -16% over five years. In the latest year (FY 2024) revenue fell 42%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Lucida Technologies is 29AADCL2292H1ZC, registered in Karnataka.
The CIN (Corporate Identification Number) of Lucida Technologies is U72900KA2017PTC100290. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lucida Technologies was incorporated on 07 February 2017, making it 9+ years old. It is registered with the Registrar of Companies, Bangalore.
Lucida Technologies has 5 deals on record (3 secondary share transfers, 1 acquisition, 1 rights issue); the latest was in April 2022.
The peers of Lucida Technologies by revenue are Futureproofai India Private Limited, Punon Technologies Private Limited, Cloud Mentor Software Private Limited, Aarialife Technologies Private Limited, Sumanas Technologies Private Limited and 5 more, all in the same principal business activity (Computer programming, consultancy and related activities).
Banuprakash Chandrashekar Reddy ceased to be Director on 08 Jul 2025. Krishnamurthy Nijagal Thimmaiah ceased to be Director on 08 Jul 2025. Shruthi Ananda was appointed as Additional Director on 10 Jan 2025. Lucida Technologies has 6 board changes on record in total.