Lucina Land Development Limited
About Lucina Land Development Limited
Data last updated:
Lucina Land Development Limited is a public limited company based in Delhi, India, a subsidiary of Indiabulls Real Estate Limited. It operates in the real estate development and construction segment of the real estate and construction sector. It was incorporated on 25 July 2006 and has been in existence for over 20 years.
The company is registered with the Registrar of Companies (ROC), Delhi, under CIN U70109DL2006PLC151260. Its GSTIN is 27AABCL2130N1ZK (Maharashtra). The company holds 2 GST registrations, of which 1 is active.
The company has an authorised share capital of ₹5 Lakh and a paid-up capital of ₹5 Lakh. It was formerly known as Lucina Land Development Private Limited. It is led by directors including Meyyappan Ramanathan (Whole-Time Director) and Ssatyajit Parrihaar.
Its last annual general meeting (AGM) was held on 25 September 2025, and its latest financial statements are for the year ended 31 March 2025. The registered office is at Office No 202 2nd Floor A – 18 Rama House Middle Circle Connaught Place New Del, Hi – 110001, Delhi, India – 110001.
As per the financials filed for FY 2024, the company reported a revenue of ₹26.53 Cr, a decline of 45% compared to the previous year. For the same year it recorded a net loss of ₹47.01 Cr (net margin -177.2%) and EBITDA of -₹42.74 Cr (EBITDA margin -161.1%). Revenue has declined at a compounded annual rate (CAGR) of 30% over three years and 54% over five years.
The company has about 12 employees on its provident fund (EPFO) records. Its group structure includes 5 subsidiaries.
As per MCA filings, the company has open charges of ₹950 Cr and satisfied charges of ₹3,123.75 Cr on record. Court records list 54 cases involving the company, including 23 filed by the company and 31 filed against it; 20 cases are pending. The company has 7 deals on record (3 debt financings, 3 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹684.61 Cr; the latest was in January 2025. Its 10 peer companies in the Real Estate industry (Builders and Developers) are compared by revenue, 5 larger and 5 smaller; the largest is Radhaswami Infradevelopers Private Limited with revenue of ₹26.65 Cr.
The current compliance status is marked as compliant by the Registrar of Companies.
CIN History of Lucina Land Development Limited
Lucina Land Development has one previous CIN (Corporate Identification Number): U70109DL2006PTC151260. The current CIN is U70109DL2006PLC151260, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U70109DL2006PLC151260 | Current |
| U70109DL2006PTC151260 | Previous |
- EmailLocked
- TelephoneLocked
- WebsiteLocked
- Social MediaLocked
- Registered AddressOffice No 202 2nd Floor A – 18 Rama House Middle Circle Connaught Place New Del, Hi – 110001, Delhi, India – 110001
- IndustryReal Estate and Construction, Real Estate Builders & Developers
- 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 Lucina Land Development Limited
The main business activity of Lucina Land Development is construction. In detail, this covers buildings.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| F | Construction | F1 | Buildings | 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 Lucina Land Development Limited FY 2025 filings available
Lucina Land Development Limited reported revenue of ₹26.53 Cr (down 45% YoY) for FY 2024.
Compounded Annual Growth Rate (CAGR) of Lucina Land Development Limited
Revenue has declined at a compounded annual rate (CAGR) of 54% over five years, including a 45% fall in the latest year. EBITDA fell 116% 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 Lucina Land Development 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 | -₹42.74 Cr | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | -₹47.01 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 Lucina Land Development Limited
| Metrics | FY 2023-24 | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | -161.1% | •••• | •••• | •••• | •••• |
| Net Profit Margin | -177.2% | •••• | •••• | •••• | •••• |
| 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 Lucina Land Development are in the company report.
Financial statements from 2015
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.
Board of Directors and KMP of Lucina Land Development Limited
Lucina Land Development Limited currently reports 3 directors and 1 key managerial person. 18 former directors have served the organization.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Yash Garg Also directs: Complify Corporate Advisors LLP | Company Secretary | 20 Dec 2021 | 4 Years 10 Months | Current |
| Meyyappan Ramanathan Also directs: Nilgiri Land Holdings Limited, Nilgiri Lands Limited, Varali Real Estate Limited and 5 more | Whole-Time Director | 24 Jun 2022 | 4 Years 3 Months | Current |
| Ssatyajit Parrihaar Also directs: Sylvanus Properties Limited, Selene Buildwell Limited, Selene Constructions Limited and 5 more | Director | 24 Jun 2022 | 4 Years 3 Months | Current |
| Manish Riyal Also directs: Mabon Constructions Limited, Varali Properties Limited, Devona Properties Limited and 5 more | Director | 23 Sep 2023 | 3 Years 0 Months | Current |
Peer Comparison of Lucina Land Development Limited
Lucina Land Development Limited is compared with the companies closest to it by revenue in the Real Estate industry (Builders and Developers). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Radhaswami Infradevelopers Private Limited | ₹26.65 Cr (FY 2025) | •••• | •••• | 7523.0% | •••• | Jhansi, Uttar Pradesh, India |
| Dream Maker Construction Private Limited | ₹26.64 Cr (FY 2024) | •••• | •••• | 4.0% | •••• | Gurgaon, Haryana, India |
| Aryavarat Suppliers Private Limited | ₹26.6 Cr (FY 2025) | •••• | •••• | 34.0% | •••• | Kolkata, West Bengal, India |
| Woodspace Infrastructures Private Limited | ₹26.6 Cr (FY 2025) | •••• | •••• | -51.0% | •••• | Rajkot, Gujarat, India |
| Aishwarya Properties Private Limited | ₹26.57 Cr (FY 2025) | •••• | •••• | 1344.0% | •••• | Chennai, Tamil Nadu, India |
| Lucina Land Development Limited this company | ₹26.53 Cr (FY 2024) | •••• | •••• | -45.0% | •••• | Delhi, India |
| Pashupati Shankar Resorts Private Limited | ₹26.53 Cr (FY 2024) | •••• | •••• | 208510.0% | •••• | Delhi, India |
| Ocean Greenhouse Developers Private Limited | ₹26.5 Cr (FY 2024) | •••• | •••• | 103.0% | •••• | Kota, Rajasthan, India |
| Stumpp Schuele & Somappa Private Limited | ₹26.49 Cr (FY 2024) | •••• | •••• | -96.0% | •••• | Bangalore, Karnataka, India |
| Lemon Seeds Hospitality Private Limited | ₹26.49 Cr (FY 2024) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| Soha Developers Private Limited | ₹26.49 Cr (FY 2025) | •••• | •••• | 109.0% | •••• | New Delhi, Delhi, India |
Peers are the five companies nearest above and the five nearest below Lucina Land Development by revenue in the Real Estate industry (Builders and Developers), 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 Lucina Land Development Limited
Lucina Land Development Limited is audited by Agarwal Prakash & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| Agarwal Prakash & Co | 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.
Ownership and Shareholding of Lucina Land Development 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 Lucina Land Development Limited
| Date | Lender | Amount | Status |
|---|---|---|---|
| 30 Jan 2025 | Idbi Trusteeship Services Limited | ₹950 Cr | Open |
| 26 Sep 2023 | Idbi Trusteeship Services Limited | ₹329 Cr | Satisfied |
| 09 Feb 2022 | Idbi Trusteeship Services Limited | ₹499 Cr | Satisfied |
| 11 Jan 2019 | Idbi Trusteeship Services Limited | ₹200 Cr | Satisfied |
| 18 Sep 2017 | Others | ₹500 Cr | Satisfied |
Total charge records: 11 View all charges
Deals & Funding of Lucina Land Development Limited
Lucina Land Development Limited has 7 deals on record (3 debt financings, 3 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹684.61 Cr; the latest was in January 2025.
Deals on record (5 of 7)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Jan 2025 | Debt financing | ₹110 Cr | Investors: Trust Capital, Ncube Ventures LLP , Alpha Alternatives Equity Absolute Return Fund |
| Feb 2022 | Debt financing | ₹360 Cr | Investors: Aditya Birla Finance Limited , Trust Capital, Aditya Birla Money Limited |
| Jul 2015 | Secondary share transfer | Undisclosed | Buyer: Selene Infrastructure Limited Seller: Indiabulls Real Estate Limited |
| Mar 2015 | Secondary share transfer | Undisclosed | Buyer: Elena Properties Limited , Citra Developers Limited , Indiabulls Real Estate Limited Seller: Selene Infrastructure Limited , Fornax Real Estate Limited |
| Mar 2014 | Debt financing | ₹186.97 Cr | Investors: Indiabulls Real Estate Limited, Fornax Real Estate Limited , Selene Infrastructure Limited |
Full deal history
All 7 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.
Legal Cases of Lucina Land Development Limited
Lucina Land Development Limited has 54 court cases on record: 23 filed by Lucina Land Development, 31 filed against it. 20 cases are pending and 34 are disposed.
Cases by court
| Court | Cases | Against the company | Pending |
|---|---|---|---|
| High courts | 41 | 18 | 15 |
| District courts | 11 | 11 | 5 |
| Supreme Court | 1 | 1 | 0 |
| NCLAT | 1 | 1 | 0 |
Cases on record (5 of 54)
| Court | Type of case | Party | Status |
|---|---|---|---|
| District court, Thane, Maharashtra | Civil suit | Filed against the company by M/S. Naik Environmental Engineers Pvt. Ltd. | Pending |
| District court, Calcutta, West Bengal | Civil suit | Filed against the company by M/S Raghani Property Holdings Pvt. Ltd. | Pending |
| District court, New Delhi, Delhi | Court case (CS (COMM.)) | Filed against the company by Currie and Brown India Pvt Ltd | Disposed |
| District court, Thane, Maharashtra | Civil suit | Filed against the company by M/S. Naik Environmental Engineers Pvt. Ltd. | Disposed |
| NCLAT, NCLAT New Delhi | Insolvency matter | Filed against the company by M/S Naik Environmental Engineers Pvt Ltd | Disposed |
Full case history
All 54 cases with case numbers, court, year-wise trend, opposite parties and decision dates are in the company report.
- Every case with its case number
- Year-wise trend
- Opposite parties
- Decision dates and orders
Verified entity values are shown only after access is granted.
Case records are compiled from court listings and may lag the court's own records. A case filed against a company is not a finding against it.
Employees and EPFO Compliance at Lucina Land Development Limited
Lucina Land Development Limited has a workforce of 12 employees as of Apr 10, 2024.
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.
Group Structure of Lucina Land Development Limited
Lucina Land Development has 5 subsidiary companies. This group structure data is as of FY 2021. The table lists each entity with its relationship and holding.
| Company Name | CIN | Shares Held |
|---|---|---|
| Albina Real Estate Limited | U45400DL2007PLC163019 | Locked |
| Serida Properties Limited | U45400DL2008PLC172631 | Locked |
| Devona Infrastructure Limited | U45400MH2007PLC304087 | Locked |
| Noble Realtors Limited | U70101MH2003PLC310111 | Locked |
| Nilgiri Infrastructure Development Limited | U70101MH2006PLC308863 | Locked |
Showing major subsidiaries. Total: 5.
Recent Activity on Lucina Land Development Limited
Lucina Land Development Limited has 40 board changes on record since 2006: 22 appointments and 18 cessations. The latest: Manish Riyal was appointed as Director on 23 Sep 2023.
57 earlier events are listed in the company report.
Credit Ratings, Litigation & Regulatory Alerts for Lucina Land Development 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 Lucina Land Development 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 Lucina Land Development 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 Lucina Land Development Limited
Lucina Land Development has 2 GST registrations: 1 active and 1 cancelled or inactive.
| GSTIN | State | Status | Registered on |
|---|---|---|---|
| 27AABCL2130N1ZK | Maharashtra | Active | 01 Jul 2017 |
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 Lucina Land Development 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 Lucina Land Development Limited
Lucina Land Development is an active public limited company based in Delhi, India. The company works in real estate builders and developers, within the real estate and construction industry. It was incorporated on 25 July 2006 (20+ years old) and is registered under CIN U70109DL2006PLC151260.
Lucina Land Development reported revenue of ₹26.53 Cr for FY 2024 (down 45% YoY).
Lucina Land Development has 4 current directors and KMP:
- Meyyappan Ramanathan - Whole-Time Director
- Ssatyajit Parrihaar - Director
- Manish Riyal - Director
- Yash Garg - Company Secretary
Lucina Land Development reported a net loss of ₹47.01 Cr (net margin -177.2%) and EBITDA of -₹42.74 Cr (EBITDA margin -161.1%) for FY 2024, as per its filed financial statements.
The compounded annual growth rate (CAGR) of the revenue of Lucina Land Development is -30% over three years and -54% over five years. In the latest year (FY 2024) revenue fell 45%. CAGR is the steady yearly rate that links the first and the last year.
The GSTIN of Lucina Land Development is 27AABCL2130N1ZK, registered in Maharashtra. The company has 2 GST registrations in all, of which 1 is active and 1 is cancelled or inactive.
The CIN (Corporate Identification Number) of Lucina Land Development is U70109DL2006PLC151260. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
Lucina Land Development has 54 court cases on record: 23 filed by the company and 31 filed against it. 20 are pending. Most are in the high courts.
Lucina Land Development was incorporated on 25 July 2006, making it 20+ years old. It is registered with the Registrar of Companies, Delhi.
Lucina Land Development has 7 deals on record (3 debt financings, 3 secondary share transfers, 1 convertible or debt financing), with disclosed funding of ₹684.61 Cr; the latest was in January 2025.
The peers of Lucina Land Development by revenue are Radhaswami Infradevelopers Private Limited, Dream Maker Construction Private Limited, Aryavarat Suppliers Private Limited, Woodspace Infrastructures Private Limited, Aishwarya Properties Private Limited and 5 more, all in the Real Estate industry (Builders and Developers).